Vol. 4 No. 3 (2012)

The present study attempts to investigate the dynamic interlinkages among the Asian, European and US stock markets. Daily closing prices of twelve stock indices relating to the period from 3rd January 1998 to 30th June 2010 and are used in the analysis. Both short and long run relationships are examined through Johansen-Juselius co integration and Vector Error Correction models (VECM) and Impulse Response Function (IRF). The results of the co integration test show strong co integration relationship across international stock prices indices. The results of the Vector Error Correction model reveal that the US and some of European and Asian Stock markets lead the Indian stock market. Finally, the evidence suggests that the impact of the US market on Indian stock returns is much higher than other way round.

It is implicit in a research that in today’s environment, small and medium-sized enterprises (SMEs) that start with a global strategy can move quickly to take advantage of cross-border activities, which provide opportunities for not only revenue growth but also the exchange of knowledge and the enhancement of capabilities, which strengthen the long-term competitiveness of the firm. Though, the changing business environment creates new opportunities and incentives for SMEs to internationalize, it also confronts domestic firms with the threat of international competition, networking issues, policy and regulation matters, financial constraints etc. Internationalization has become increasingly important to the competitiveness of enterprises of all sizes. SMEs are increasingly facing numerous obstacles in the process of internationalization of business and it is perceive that SMEs need to respond on these changes for strategic improvement. This not only implies adjusting their domestic strategy, but increasingly forces firms to go abroad. This particular research tries to explore that factors which influence the internationalization process of SMEs in India.

The last half of the 20th century witnessed so great debates in social sciences. Many scholars examined the transformation that occurred in industrialized society and tried to redefined it: some of them called the new form of this society as post-fordist society while some others called as postmodern, post industrialized, post bureaucratic and so on. All these attempts have tried to tell same thing: the society is no more the same industrial society. Every sample has affected from that transformation and of course ‘works’ itself.This study aims to examine the relation between work and leisure and discuss the place of voluntary work in that frame using a case from The Kingdom Boys Football Academy fromRepublic of Ireland.The methodology of the paper depends on two types. The first part of the paper will examine the literature of voluntary work. Thus, the methods of this part will be literature review. The main part of the paper, second part, will ground on ‘the case’. The methods of the research will be participant observation.

The population merely is not a guarantee of the economic development of a country. The human capital increases the productivity of the workforce and develops the good working environment characterized by commitment and motivation. The low level of the human capital is viewed as one of the factors that may hinder the process of economic development in low developed countries. This conjecture seems working in Pakistan. This study is an endeavor to examine how human capital influences the economic development of Pakistan by using the time series data for the period (1971-2009). For the data analysis, the bound testing approach to co integration within the framework of the Autoregressive Distributed Lag (ARDL) was used. The empirical results of all the proxies of human capital except ‘expenditure on education’ supported the hypothesis.

The aim of this research is to find out the core factors, which have a strong impact on Job Satisfaction in Technical Organizations in Pakistan. This study discusses the main variableslike Effective Recruitment, Rewards, and Personality of employees and Role of Leadership and their effect on job satisfaction. First hand, data was used in the research and some important recommendations were made for the improvement of Job Satisfaction of employees working at Ufone. It is expected that this study will make comprehensive note to the environment of Ufone especially and every other organization in general, how to make their working environment acceptable to the employees.

The purpose of this study is to investigate whether hedonic motives and browsing affect impulse buying and examine the role of browsing as a mediator between hedonic motives and impulse buying.In this context, a model was proposed and tested on a sample of customers who made an impulse purchase in Ankara. Confirmatory factor analysis supported the components of hedonic shopping motives such as adventure shopping, gratification shopping, role shopping, value shopping, social shopping, and idea shopping. Moreover, the results of the regression analysis showed that hedonic motives and its dimensions such as adventure, gratification, and idea have a positive impact on impulse buying. Consumers’ browsing behaviorinfluenced impulse buying positively. The mediating role of browsing between hedonic motives and impulse buyingwas also identified.