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- Management Dynamics : Journal of the Southern African Institute for Management Scientists
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- Volume 11, Issue 1, 2002
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 11, Issue 1, 2002
Volume 11, Issue 1, 2002
The relationship between personality preferences and the emotional intelligence of postgraduate management studentsSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 11, pp 2 –12 (2002)More Less
Effective management is often related to emotional intelligence. The emotional intelligence of managers may relate to their personality characteristics. The objective of this study was to assess the relationship between emotional intelligence and personality preferences. A cross-sectional design was used. The study population consisted of Management students at a business school (N = 71). The Bar-On Emotional Quotient Inventory (EQ-i) and the Myers-Briggs Type Indicator (MBTI) were used as measuring instruments. The results showed that there is a significant relationship between emotional intelligence and preferences for Extraversion, Intuition, Feeling and Perception.
Transaction costs as the primary explanation for the ex-dividend price drop-off : the case of South African shares under the dual currency systemSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 11, pp 13 –20 (2002)More Less
This study considers the price drop-off following 232 dividend payments by firms listed on the Johannesburg Stock Exchange (JSE) during 1993. For foreign exchange and tax reasons, there were two clienteles in this market that would have preferred a cash dividend to a similarly sized capital gain. Given the normal tax effect explanation for the size of the ex-dividend price drop-off, this should have resulted in price drop-offs larger than the dividend amount. Instead, we measure price drop-offs smaller than the dividend amount, consistent with a transaction costs explanation. Our results show that transaction costs caused price drop-offs to be smaller than the dividend paid in this particular market, and provide support for a transaction costs explanation for similar price drop-offs encountered in other markets.
Creating wealth by financing small and medium enterprises of owners who possess entrepreneurial skillsSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 11, pp 21 –28 (2002)More Less
Entrepreneurs are regarded as essential for real economic development. The identification of entrepreneurs for financing small and medium-sized enterprises (SMEs) will be more successful if entrepreneurial ability and not only functional and management skills are evaluated. The financing of enterprise owners with entrepreneurial ability will enhance economic development. Furthermore, the financing of small and medium-sized enterprises will be able to make a contribution if financiers consider not only the enterprise transaction of the applicant, but also the entrepreneurial potential for successful ownership. <br>The traditional criteria for solvency are not sufficient, and additional finance criteria based on the success factors of owners of small enterprises, should be considered. The use of finance criteria for evaluation of the applicant will enhance the success of the enterprise, as it can be more easily determined in advance whether the applicant possesses the necessary characteristics to successfully establish and manage an enterprise.
Two of the most important entrepreneurial skills, namely innovation and the willingness to take risks, have been identified as two success factors in this research. However, these two success factors are not evaluated by financiers, or are used only on a limited scale. Potential methods to identify whether the applicant possesses these success factors, based on an extensive literature study on research related to this, are recommended.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 11, pp 29 –42 (2002)More Less
Job satisfaction among employees is an indicator of organisational effectiveness, and is influenced by organisational and dispositional factors. The objective of this research was to determine the relationship between personality dimensions and job satisfaction in a pharmaceutical organisation. A cross-sectional design was used to address the research objective. The sample consisted of 159 employees in a pharmaceutical organisation. The Minnesota Satisfaction Questionnaire (MSQ) and the NEO Personality Inventory Revised (NEO-PI-R) were used as measuring instruments. The results showed that job satisfaction has a negative relationship with Anger-hostility (a component of Neuroticism), while it has a positive relationship with positive emotions (a facet of Extraversion), Confidence, Altruism, and Compliance (facets of Agreeableness), as well as facets of Conscientiousness. Personality dimensions explain 28% of the variance of job satisfaction.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 11, pp 43 –49 (2002)More Less
The investigation of the cross-sectional distributional forms of financial ratios in the literature is mostly parametric of nature. Most of the previous research attempted to fit the normal distribution and some researchers suggested using the stable paretian distribution. In this study, a non-parametric approach, based on kernel density estimation techniques is used to describe the distributional properties of financial ratios.