Predicting Investment Shock Waves: How technological innovations affect risk premiums

Major technological advances have the power to shake up the marketplace. As investment shocks, technological innovations do not affect all firms equally. Some firms benefit, while others lose market share. Because of these risks, investors demand a premium for investing in companies that appear unable to adapt to new technologies, argues Dimitris Papanikolaou, an assistant professor of finance at the Kellogg School of Management. Read more

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Emerging critical generic managerial competencies: A challenge to hospitality educators in Kenya

Abstract

Purpose – The purpose of this paper is to identify emerging critical generic managerial competencies in the Kenyan hotel industry. Design/methodology/approach – A cross-sectional survey research design was used to gather primary data using self-administered questionnaires. The population was composed of hospitality managers from ten five-star hotels in Nairobi and Mombasa, Kenya. A sample of 160 hospitality managers was selected proportionately by simple random sample method. Read more

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Social capital and earnings distribution among female micro-entrepreneurs in rural Nigeria

Abstract

Purpose – The purpose of this paper is to examine the role that social capital plays in the determination and distribution of business earnings of female entrepreneurs in selected rural communities of Ogun State, Nigeria. Design/methodology/approach – The theoretical foundation of social capital and its relationship to informal finance was used in a modified Mincer’s model to examine the distribution of earnings among a sample of members of informal self-help groups. The study relied on a set of secondary data collected from a survey of 275 female micro-entrepreneurs in five rural communities in Ogun State, Nigeria. The analysis of data was done with the use of SPSS computer software while the ordinary least squares regression technique was used in the models’ estimation. Read more

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Entrepreneurship training and poverty alleviation: Empowering the poor in the Eastern Free State of South Africa

Abstract

Purpose – The purpose of this paper is to determine the major long-term role that hands-on entrepreneurship training could play in poverty alleviation and job creation in one of the poorest regions of South Africa – the Eastern Free State (EFS). This is done against a background of frequently occurring violent protests against the inadequacy of the government’s hand-out poverty alleviation strategy of social grants, free houses and free social services. Read more

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Business strategies for achieving sustainable development in Africa: Introduction to the special issue

Abstract

Purpose – In this editorial the Guest Editor attempts to link the idea of sustainable development in Africa to the different contributions that have been made by papers written on varied business disciplines. Design/methodology/approach – The papers in this special issue represent “best papers” that were selected during the 3rd International Business Conference (IBC) held in Zanzibar, Tanzania in 2009, addressing the theme of business challenges and sustainable solution, under the overarching conference theme of sustainable futures. The papers cover a wide range of business challenges and remedies in an interdisciplinary manner via a range of sub-disciplines ranging from human resources management and entrepreneurship training to HIV/AIDS in the workplace and gender buying patterns of German tourists. Read more

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