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«The 2008 Winter Global Conference on Business and Finance Conference Program January 9 - January 12, 2008 Honolulu, Hawaii Sheraton Waikiki, Waikiki ...»

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The Institute for Business and

Finance Research

The 2008 Winter Global Conference on

Business and Finance

Conference Program

January 9 - January 12, 2008

Honolulu, Hawaii

Sheraton Waikiki, Waikiki

Beach, Oahu

The Institute for Business and Finance Research www.theIBFR.com

The Institute for Business and Finance Research

Table of Contents

Letter from the Conference Chair

The Institute for Business and Finance Research

Editorial Advisory Boards

Future Conferences

Schedule of Events

Presentation Equipment

Paper Sessions

Awards

Index of Participants

Universities, Institutions and Firms Represented

Countries Represented

Please Note That Admittance to the Awards Dinner Requires a Dinner Ticket Please Wear Your Identification Badge to All Conference Functions Welcome to Honolulu, Hawaii!

Have a productive and fun Conference!

Para Ingresar a la Cena de Premiación Usted Necesita un Tiquete de Cena Por Favor Utilice su Gafete/Tarjeta de Identificación Durante Todas las Funciones del Congreso Bienvenidos a Honolulu, Hawaii Deseamos que el Congreso sea Productivo!

Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 2 www.The IBFR.com The Institute for Business and Finance Research Letter from the Conference Chair On behalf of the Staff and the IBFR, I welcome you to Honolulu, Hawaii and the 2008 Global Conference on Business and Finance. We hope you have a productive conference and enjoy your time in Hawaii. If we can be of any assistance to you during your time in Hawaii please do not hesitate to contact us.

We all know that college professors must balance their teaching, research, and service obligations. Finding the right forum to share and obtain feedback on our research, new teaching techniques, and innovative administrative processes can be challenging at times. The Institute for Business and Finance Research was created to facilitate your work by providing an environment conducive to knowledge and experience sharing. We encourage the academic community to come and share their work at our conferences and Journals. We welcome articles which are of interest to scholars and practitioners in all fields of business, economics and related fields.

The 2008 Hawaii GCBF represents a long term commitment to bring individuals from around the world together to share their ideas and promote research on business and finance. The response to the conference has been outstanding. We wish to thank you for selecting the GCBF as your research outlet. We also wish to thank the many people that have contributed to making the conference a success. We are delighted to report that the conference is truly a global conference. We have participants from all corners of the globe at this academic conference. These individuals come from a variety of high quality institutions and will present work on a broad mix of academic issues.

We are proud to announce two upcoming conferences. Our fifth conference will be held May 28-31, 2008 as the Ramada Plaza Herradura Hotel and Conference Center in San Jose, Costa Rica. Our Winter 2009 conference will be held in the United States. We will be announcing the location and dates of this conference in the coming weeks. We hope that you are able to join us at these future conferences.

We hope you take the time to enjoy the hotel facilities as well as to take in the Island of Oahu as well as the other Hawaiian Islands. Hawaii is a wonderful destination with much to offer. We recognize that in addition to presenting research and participating in the conference activities, it is also important to relax and rejuvenate yourself. Have some fun! You deserve it! We hope that you will go home refreshed and with a sense of accomplishment.

Warmest Regards, Mercedes Jalbert Mercedes Jalbert Conference Chair Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 3 www.The IBFR.com The Institute for Business and Finance Research Carta del Editor El Instituto y su personal les da la bienvenidos a Hawaii y al 2008 Global Conference on Business and Finance Esperamos que su participación sea productiva y que disfruten Las Islas de Hawaii.

Todo profesor de educación superior debe encontrar un balance entre su rol como educador, investigador y como servidor a su comunidad y su universidad. Encontrar un foro donde podamos compartir y obtener retroalimentación sobre nuestra investigación, nuevas técnicas de educación, procesos administrativos innovadores es retador. El Institute for Business and Finance Research (IBFR) fue creado para facilitar el trabajo del profesional en educación superior, profesional del sector públicos y profesional del sector privado al crear una plataforma global conducente al enriquecimiento de nuestro

conocimiento a través de:

1. La exposición de trabajos investigativos en todas las áreas académicas de las ciencias administrativas, ciencias económicas, financieras, etc.;

2. La exploración de nuevos avances tecnológicos, teóricos, pedagógicos;

3. El intercambio de conocimiento en una plataforma verdaderamente global.

El Congreso 2008 GCBF representa un compromiso a larga plazo para unir a nuestros colegas de todos los continentes en nuestros congresos y compartir nuestras ideas, investigación y cultura en una plataforma bilingüe. Deseamos agradecer su participar, la cual hace realidad nuestro objetivos; el realizar un Congreso realmente Global con participación de educadores y profesionales de todos partes del mundo.





Con gran alegría anunciamos nuestros próximos Congresos en Hotel Ramada Plaza Herradura, San Jose Costa Rica del 28 al 31 de Mayo del 2008. Las fechas y destino de nuestro Congreso Estados Unidos se anunciarán próximamente. Será un placer el contar con su participación nuevamente.

Deseamos que disfruten su estancia en el Hotel Sheraton Waikiki y que tenga la oportunidad de explorar Hawaii. Sabemos que además de exponer sus trabajos, es también importante tomar tiempo para relajarse, rejuvenecerse y conocer sobre otras culturas, tradiciones, etc. Diviértase, disfrute, usted lo merece. Esperamos que al regresar a sus hogares e Instituciones se sientan rejuvenecidos y satisfechos con sus alcances y aprendizaje durante el Congreso.

Estamos para asistir durante el congreso y el futuro.

Saludos Cordiales Mercedes Jalbert Mercedes Jalbert Conference Chair Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 4 www.The IBFR.com The Institute for Business and Finance Research The Institute for Business and Finance Research The Institute for Business and Finance Research (IBFR) seeks to promote the study of business, finance, and related issues. The Institute also seeks to make accessible this wealth of information to the global higher-education and business communities. The Institute does this by sponsoring The Global Conference on Business and Finance. We also publish The International Journal of Business and Finance Research, International Journal of Management and Marketing Research, Global Journal of Business Research, and Revista International Administración y Finanzas. We work under the principle of providing positive support toward getting your work published.

The Global Conference on Business and Finance

The Institute Sponsors the Global Conference on Business and Finance (GCBF). The GCBF provides the academic community with an opportunity to share their research, ideas, and discuss administrative issues. It also offers a great opportunity for networking

and placement. Conference participants are able to:

• Network with other professionals

• Present your research at an international conference

• Receive feedback on your research

• Publish an

Abstract

of your paper in the proceedings

• Compete for the Outstanding Research Award

• Compete for the Best Paper in Session Award

• Have your paper considered for publication in a peer reviewed journal.

• Network with potential employers and employees The Global Conference on Business and Finance Proceedings (ISSN: 1931-0285) The Global Conference on Business and Finance Proceedings are a peer reviewed.

Abstracts of papers presented at the Global Conference on Business and Finance are published in the proceedings.

Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 5 www.The IBFR.com The Institute for Business and Finance Research Journals

• The International Journal of Business and Finance Research (IJBFR) ISSN # 1931-0269

• International Journal of Management and Marketing Research (IJMMR) ISSN # 1933-3153

• Global Journal of Business Research (GJBR), ISSN 1931-0277

• Revista Internacional Administración & Finanzas (RIAF), ISSN 1933-608X Our Journals are peer-reviewed journals. Articles in all areas of business, economics, business education and related fields are welcome for publication consideration. Both theoretical and empirical papers are reviewed for possible publication. Papers may be academic or applied in nature. Submitted articles should be well written and free of spelling and grammar errors. Only original articles that are not under consideration for any other publication are considered for publication in the Journals.

Our English language journals are all scheduled for listing in the 11th editions of Cabell’s publishing opportunity directories. The International Journal of Business and Finance and Global Journal of Business Reserarch are also indexed in the American Economic Association’s Econlit, e-JEL,and JEL on CD.

For additional information on the Journals or Proceedings, including manuscript submission instructions, please visit our website at www.theIBFR.com Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 6 www.The IBFR.com The Institute for Business and Finance Research Editorial Advisory Boards Jalbert, Mercedes, Managing Editor, The Institute for Business and Finance Research Terrance Jalbert, Ph.D., Academic Editor, The Institute for Business and Finance Research International Journal of Business and Finance Research Huseyin Arasli, Ph.D., Eastern Mediterranean University Robert J, Boldin, Ph.D., Indiana University of Pennsylvania James E. Briley, Ph.D., University of The Cumberlands Chiaku Chukwuogor-Ndu, Ph.D., Eastern Connecticut State University Mete Feridun, Cyprus International University Gary M. Fleischman, Ph.D., University of Wyoming Paul D. Hutchison, Ph.D., University of North Texas John S. Jahera Jr., Ph.D., Auburn University Prem Lal Joshi, Ph.D., University of Bahrain Salih Turan Katircioglu, Ph.D., E. Mediterranean University Mustafa Mesut Kayali, Ph.D., Dumlupinar University Linda Naimi, Ph.D., Purdue University M.T. Naimi, Ph.D., Purdue University Petr Polák, Ph.D., Swinburne University Jonathan D. Stewart, Ph.D., Abiline Christian University

International Journal of Management and Marketing Research

John Brinkman, Ph.D., Liverpool Hope University Grady Bruce, Ph.D., California State University-Fullerton Reymond Cairo, Ph.D., University of Surrey Erdoğan H Ekiz, The Hong Kong Polytechnic University Mark C. Johlke, Ph.D., Bradley University Qiang Gong, Ph.D., Peking University Linda Naimi, Ph.D., Purdue University M.T. Naimi, Ph.D., Purdue University Ilhan Ozturk, Cag University Abhijit Roy, Ph.D., University of Scranton Andres C. Salazar, Ph.D., Northern New Mexico College Bill Shaw, Ph.D., University of Texas-Austin Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 7 www.The IBFR.com The Institute for Business and Finance Research Global Journal of Business Research Erdoğan H Ekiz, The Hong Kong Polytechnic University Anne B. Fosbre, Ph.D., Georgian Court University Michael Godfrey, Ph.D., University of Wisconsin- Oshkosh Jorge Hernández Palomino, Ph.D., Universidad National Autónoma-México Robert Isaac, Ph.D., University of Calgary Petr Marek, Ph.D., University of Economics-Prague Linda Naimi, Ph.D., Purdue University M.T. Naimi, Ph.D., Purdue University Ilhan Ozturk, Cag University Robin Rance, Ph.D., Bethune-Cookman College Erico Wulf, Universidad de la Serena-Chile

Revista International Administration y Finanzas

Neyda Cardozo Sánchez, Ph.D., Universidad Nacional Experimental de Táchira Jorge Hernández Palomino, Ph.D., Universidad National Autónoma-México Carmen Patricia Jiménez Terrazas, Ph.D., Universidad Autónoma de Ciudad Juárez Luz Stella Pemberthy, Universidad del Cauca Alfonso Rodríguez, Universidad Libre-Colombia Erico Wulf, Universidad de la Serena-Chile Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 8 www.The IBFR.com The Institute for Business and Finance Research Future Conferences We hope that you are able to join us at these upcoming events

–  –  –

The 2008 Summer Global Conference on Business and Finance will be held in Costa Rica. Costa Rica is an exciting venue for a summer getaway. The conference runs from May 28-31, 2008.

–  –  –

The 2009 Global Conference on Business and Finance – United States. We are working to finalize the dates and locations for this conference. Look for details on the dates and location of this conference in the coming weeks.

Futures Congresos

–  –  –

Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 9 www.The IBFR.com The Institute for Business and Finance Research

–  –  –

Global Conference on Business & Finance ♦Waikiki Beach, Hawaii ♦ January 9-12, 2008 10 www.The IBFR.com The Institute for Business and Finance Research Presentation Equipment The conference rooms will each be equipped with a document camera (Elmo), LCD projector, computer and screen. The equipment can project power point presentations, plain paper documents and most transparencies. Please bring your pin drive with data for use with our equipment. In addition, you may connect your computer to the system to display the screen if you so choose. Use of our equipment with your equipment and files is at your own risk.



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