Abstract: Assets and current liabilities working capital of the enterprise are important. Proper selection and management of working capital management policies can create competitive advantage. This study aimed to provide empirical evidence about the impact of working capital management, performance management companies. 134 the company's listed companies on the Stock Exchange during the period 2005-2011 was chosen. Working capital management and performance management have a meaningful relationship and selection policy aggressively financing and investment in working capital will lead to improved management companies.

Abstract: Since 1990s the economic relations between and Association of Southeast Asian Nations (ASEAN) has becoming increasingly close. Especially in 2010, since the China-ASEAN Free Trade Area established, bilateral trade volume has been increasing continually. Currently, ASEAN is China’s largest trading partner among developing countries, and China is ASEAN’s fourth largest trading partner. This paper analyzed the status of China-ASEAN trade development and proposed the countermeasures for improving the development of China-ASEAN trade.

Abstract: The study examined the impact of Foreign Private Investment on economic growth using annual time series data from Nigerian economy. Cointegration and Error Correction Mechanism (ECM) techniques were employed to empirically analyze the relationship between foreign private investment and economic growth and to draw policy inferences on the observed relationship. The result revealed that there was a substantial feedback of 116% and 78% from previous disequilibria between long-run economic growth and foreign private investment respectively. The findings also indicated that a substantial proportion of capital inflow were not productively invested however the relatively small proportion (22%) of net capital inflows invested, contributed significantly to economic growth in the Nigerian economy. The political environment was found to be unfavorable and overwhelmed the positive impact of foreign private investment. The paper concluded that there is high prospect for foreign private investment to boost economic growth if conducive environment, such as: political and macroeconomic stability are provided in Nigeria.

Abstract: In this paper, we analyze the behaviour of the stock market cycles in emerging countries in the region of Latin America (Argentina, Brazil, Chile Colombia and Mexico) and Asia (Philippines, Korea, Taiwan and Thailand) and we compare their characteristics with those of the United States between 1975 and 2005. We make a distinction between the pre and post-financial reform periods to study the effects of financial liberalization over time. We use the uni and multivariate unobserved components structural time series models. We find that the amplitude and volatility of American Latin countries have declined substantially after the date of financial liberalization to achieve less than those detected during the financial repression. The cycle’s synchronization with the United States has also grown considerably to around 70%. For the Asian countries, the positive effects of financial liberalization on the cyclical characteristics are not yet clear in medium term. The amplitude and volatility cycles of the Asian countries have been strengthened following the implementation of financial liberalization. But in recent years, there is a downward trend in the amplitude and volatility with improved synchronization of market cycles with those of the United States.

Abstract: This article constructs a speculative framework to explain significance of Innovation in business value chains. It draws on three streams of literature – need, significance and developing innovation capabilities in order to identify three important variables which contribute a greater role in influential how value chains are directed and changed accordingly to the Innovation process in business world. These are: (1) Need of Innovation to Energize, Growth and Profit, and Survival of firms (2) Significance of innovation in Business Process, and (3) Development of Innovation Capabilities. Thus, the article highlights the concept of value and it’s progress as value chain then it focus on the needs and importance of value chain triggered by innovation. It also helps to integrate small firms and corporate sector and establish a link between small firms and international markets through effective value chain system. In addition, it describes the value chain innovation capabilities and roles of various dimensions in the innovation. So that innovation in the business process can facilitate appropriate participation of the small and corporate sector firms through suitable policy framework.