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Journal of Applied Management and Investments



ISSN 2225-3467



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Current Issues & Archive

 Volume 8 Issue 1 2019                                  Abstracts







 A Game-Theoretic Model for “Zero-Interest” Instalment Schemes

M. Dash, T. Motukuri        

The present study extends the previous analysis by proposing a game-theoretic model for the optimal choice of ‘zero-interest’ instalment scheme. The choice of scheme is analysed in two stages: the extent of down-payment the consumer is willing to pay, and the payment period that the financing institution is willing to offer. The study suggests that, by restructuring loan repayment terms, it may sometimes be possible to benefit both financial institutions and consumers. Further extension of the present study would be possible using multi-criteria decision methods, as individual consumers need to balance between decision criteria including the amount of down-payment that they have to immediately pay, the period over which they can spread the payments, and the overall net present value of the scheme in their choice of scheme.

Keywords: ‘zero-interest’ instalment scheme, game-theoretic model, multi-criteria decision methods

JEL Codes: C70, G11, G21

Citation: Dash, M. and Motukuri, T. (2019), “A Game-Theoretic Model for “Zero-Interest” Instalment Schemes”, Journal of Applied Management and Investments, Vol. 8 No. 1, pp. 1-5.


 Analysis of the Backlighting and Automotive Market on Lighting Technologies

M. (Stefan) Hint

Economic entities need to make more viable and more cost-effective estimates for gains or otherwise for survival. As a result, the goal of an economic organization operating in a competitive economy and has limited resources is to make its business more efficient. The originality of the paper is determined by the analysis of the automotive and backlighting market and its evolution according to the technologies used in lighting. The results of study showed that in the two areas of activity, part of the lighting market, key modifications have been made due to the penetration of LEDs on the market, which leads to a longer life of the automobile lighting, but also a decrease in replacement sources in this area. In the case of the backlighting market, the paper demonstrated that the previous technologies used in this type of lighting (LED, CCFL, fluorescent lamps, etc.) have been replaced by LED technology because of the very small dimensions of this technology, and they are present in laptops, mobile phones, monitors, LCD TVs, where CCFL technology has been mostly used. The last but not least, the author noted the disappearance of the technologies used so far in these areas and the migration towards efficient lighting technologies.

Keywords:   automotive market, backlighting market, prices, lighting, management, business opportunities

JEL Codes:  L16, L64, D47

Citation:   Hint, M. (2019), “Analysis of the backlighting and automotive market on lighting technologies”, Journal of Applied Management and Investments, Vol. 8 No. 1, pp. 6-18.


 Authentic Leadership, Hope, Work Engagement and Creativity

M. Sarfraz, W. Qun, M. I. Abdullah, S. Tahir

In the environment of constant change where both public and private organizations are battling to survive, the value of creativity is being appreciated by all. This study highlights the importance of authentic leadership and creativity in the Pakistani police sector. There is a need for authentic leaders and creativity to encounter crimes due to the increase in extremist activities and street crimes. The purpose of the current study is to examine the impact of authentic leadership on creativity under the mediating role of hope and work engagement inside the police department of Pakistan. The study is descriptive and quantitative. Data has been collected from Police officers by applying random sampling technique. Finding revealed that authentic leadership leads towards employee creativity. Moreover, results also revealed that hope and work engagement partially mediates the relationship between authentic leadership and creativity.

Keywords:  authentic leadership, creativity, police, Pakistan

JEL Codes:  M12, H83, H56

Citation:  Sarfraz, M., Qun, W., Abdullah, M.I. and Tahir, S. (2019), “Authentic Leadership, Hope, Work Engagement and Creativity”, Journal of Applied Management and Investments, Vol. 8 No. 1, pp. 19-31.


    The Impact of Emotional Intelligence on Employees’ Attitudes

O. Uslu, M. Uslu

Emotions can precisely affect antecedents of behaviors such as attitudes, attributions and perceptions. Since an insensitive human being, an unmanned organization or an unorganized society cannot be imagined, the role of emotions in human life is quite evident. The emergence of the importance of emotions in human life has led to the emergence of emotional intelligence concept. General emphasis of studies in management, psychology and other disciplines is that emotional intelligence is a very critical concept in work and social life, and it needs to be improved. The previous research show that people who have high emotional intelligence are more successful, have higher performance and compatible and responsible personality traits. Although emotional intelligence and the attitudes of employees towards work and organization have been examined in many studies, it is necessary to repeat such studies in different samples and different cultures since they will contribute to scientific accumulation. For this reason, by depending on the emphasis in literature, in this study it is aimed to investigate the impact of emotional intelligence levels of employees on their job satisfaction and intention to leave. A quantitative research was designed to reach the study purpose. The required data were obtained via survey method by using convenience sampling. The sample of the study is composed of 146 participants who are active in working life. Findings revealed that emotional intelligence affected job satisfaction moderately and positively, while it affected intention to leave negatively. Findings also indicated that comparing to other dimensions, regulation of emotions was found to be more effective on employee attitudes. So, it seems to be critical to control nerves, be able to evaluate negativity and negative sitations as ordinary and prevent sudden emotional changes.

Keywords:   emotional intelligence, job satisfaction, intention to leave

JEL Codes:  M10, M12, J63

Citation: Uslu, O. and Uslu, M. (2019), “The Impact of Emotional Intelligence on Employees’ Attitudes”, Journal of Applied Management and Investments, Vol. 8 No. 1, pp. 32-43.



   Determinants of Tunisian Schools’ Efficiency: A DEA-Tobit Approach

F. B. Yahia, H. Essid

The purpose of this paper is to assess the technical efficiency of Tunisian secondary education and to identify the determinants of its performance by using the Programme for International Student Assessment (PISA) 2015 survey. A two stage analysis is conducted; in the first stage we estimate efficiency score of each school by employing data envelopment analysis (DEA) approach. In the second stage, factors affecting school’s efficiency are examined through a Tobit regression analysis. Results show that almost 96.5% of schools are inefficient and on average, Tunisian schools could have increased their results by 27% using the same resources. We conclude that the number of students in the class has a positive effect on the efficiency scores of secondary schools. Furthermore, school responsibility for resource allocation and the socioeconomic background of students’ family influence negatively the school efficiency.

Keywords: economic education, efficiency, data envelopment analysis (DEA), Tobit regression, PISA

JEL Codes: C14, C21, H75

Citation: Yahia, F.B. and Essid, H. (2019), “Determinants of Tunisian Schools’ Efficiency: A DEA-Tobit Approach”, Journal of Applied Management and Investments, Vol. 8 No. 1, pp. 44-56.







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