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- Management Dynamics : Journal of the Southern African Institute for Management Scientists
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- Volume 18, Issue 2, 2009
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 18, Issue 2, 2009
Volume 18, Issue 2, 2009
Selected relational-based factors that impact on the successful functioning of copreneurial businesses : a proposed conceptual modelSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 18, pp 2 –21 (2009)More Less
Worldwide, evidence suggests that the number of copreneurs (husbands and wives in business together) is on the increase, and that spousal partnerships are becoming a preferred entrepreneurial route for many. However, little research exists concerning these types of family businesses, and as a result little is known of the factors that influence their success. One of the main challenges facing husbands and wives in business together is to manage both their personal and professional relationships. Consequently, the primary objective of this study was to consolidate and integrate existing literature on relational-based factors influencing the successful functioning of copreneurial businesses, into a conceptual model. This conceptual model is then empirically tested among copreneurial businesses to investigate the relationships that exist between selected independent variables (Fairness Mutual respect and trust Open communication Spousal relationship Family harmony Commitment Non-family members and Balance between work and home) and the dependent variable (Perceived success of the copreneurial business).
In order to address the primary objective of this study, a questionnaire was administered to a sample of 1 548 respondents (spouses in business together). In the study, 380 questionnaires were usable for the statistical analysis of the data. An exploratory factor analysis was undertaken, and Cronbach-alpha coefficients were calculated to assess the discriminant validity and reliability of the measuring instrument. The relationships proposed in the conceptual model were assessed by means of multiple regression analysis.
The empirical results revealed that the following factors have a significant impact on the successful functioning of copreneurial businesses: the Spousal relationship, Non-family members, Commitment to the business, Emotional attachment to the business and Balance between home and work.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 18, pp 22 –34 (2009)More Less
Forecasting volatility in stock indices and currency returns have been major areas of research in financial economics. In general, volatility of stock indices may relate to the swings in mean or standard deviation of the returns of the last T trading days. Many traditional econometric methods forecast the conditional distribution of asset returns by a point prediction of volatility. The main thrust of this study is to suggest an alternative approach for modelling and related analysis of swings in weekly / monthly means of asset returns. In the new approach suggested here, volatility in weekly / monthly means of stock returns is conceived as a function of mean asset returns and its standard error, and is further classified into various states according to predetermined perceptions of the market player. Fairly accurate knowledge of such states of volatility in weekly / monthly mean asset returns will be of considerable help to a prospective or an existing market player. A probability model defined on different states of volatility with respect to means of equity prices / indices is proposed. Based on the probability model, two different measures of volatility are also considered. Two asymptotically distribution-free tests, namely the chi-square and the likelihood ratio test of goodness-of-fit for the hypothesis of the absence of volatility, are proposed. The approach suggested here will be of interest to researchers, stock market investors and analysts. As an application of the proposed model, we analyse Botswana stock market data from 1999-2005. The probability models are generated for weekly and monthly equity indices.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 18, pp 35 –48 (2009)More Less
The objective of this study was to assess emotion work, emotional intelligence, and social support as predictors of well-being in client service workers within small and medium-sized enterprises. Across-sectional survey design was used. The study population (n = 145) consisted of client-service workers in small and medium-sized enterprises in the Mpumalanga Province. The Greek Emotional Intelligence Scale (GEIS), the Frankfurt Emotion Work Scales (FEWS), the Utrecht Work Engagement Scale (UWES), and the Oldenburg Burnout Inventory and Social Support Scale, as well as a biographical questionnaire were used as measuring instruments. The results indicated that emotional intelligence predicted both engagement and disengagement, whereas emotion work played a more significant role in predicting burnout.