RECENT RESEARCHES in

BUSINESS ADMINISTRATION, FINANCE and PRODUCT

MANAGEMENT

International Conference on DESIGN and PRODUCT DEVELOPMENT (ICDPD '10)

International Conference on FINANCE and ACCOUNTING (ICFA '10)

International Conference on BUSINESS ADMINISTRATION (ICBA '10)

Vouliagmeni, Athens, Greece December 29-31, 2010

ISSN: 1792-7277

ISSN: 1792-7234 ISSN: 1792-7331 ISBN: 978-960-474-265-3

RECENT RESEARCHES in BUSINESS ADMINISTRATION, FINANCE and PRODUCT MANAGEMENT International Conference on DESIGN and PRODUCT DEVELOPMENT (ICDPD '10) International Conference on FINANCE and ACCOUNTING (ICFA '10) International Conference on BUSINESS ADMINISTRATION (ICBA '10) Vouliagmeni, Athens, Greece December 29-31, 2010 Copyright © 2010, by WSEAS Press All the copyright of the present book belongs to the World Scientific and Engineering Academy and Society Press. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Editor of World Scientific and Engineering Academy and Society Press. All papers of the present volume were peer reviewed by two independent reviewers. Acceptance was granted when both reviewers' recommendations were positive. See also: http://www.worldses.org/review/index.html

ISSN: 1792-7277 ISSN: 1792-7234 ISSN: 1792-7331 ISBN: 978-960-474-265-3

European Society for Environmental Research and Sustainable Development

RECENT RESEARCHES in BUSINESS ADMINISTRATION,

FINANCE and PRODUCT MANAGEMENT

International Conference on DESIGN and PRODUCT

DEVELOPMENT (ICDPD '10) International Conference on FINANCE and ACCOUNTING

(ICFA '10) International Conference on BUSINESS ADMINISTRATION

(ICBA '10)

Vouliagmeni, Athens, Greece December 29-31, 2010

Editors: Prof. Nikos Mastorakis, Technical University of Sofia, BULGARIA Prof. Valeri Mladenov, Technical University of Sofia, BULGARIA Prof. Metin Demiralp, Istanbul Technical University, TURKEY Prof. Zoran Bojkovic, University of Belgrade, SERBIA International Program Committee Members: Joseph Sifakis, FRANCE Lotfi A. Zadeh, USA Leon O. Chua, USA K. R. Rao, USA Dimitri Bertsekas, USA Biswa N. Datta, USA Irwin Sandberg, USA P. Pardalos, USA A. Manikas, UK T. Kaczorek, POLAND Wlodzislaw Duch, POLAND Sidney Burrus, USA Leonid G. Kazovsky, USA Georgios B. Giannakis, USA Nikolaos G. Bourbakis, USA Brian A. Barsky, USA Ryszard S. Choras, POLAND Wasfy B. Mikhael, USA M. Kostic, USA A. Venetsanopoulos, CANADA K. Benra, GERMANY S. Sohrab, USA Jill Mesirov, USA Shoshana Wodak, CANADA Serafim Batzoglou, USA Raffaele Giancarlo, ITALY

Table of Contents

A Novel Method for Determination of Housing Tax Rates 9A. M. Riad, Hazem M. El-Bakry, Gamal H. El-Adl Evaluation of Surface Roughness on the Basis of Statistical t-Test and Related Parameters Using Computer Vision System

16

Kedar H. Inamdar The Effect of Stock Bonus Plan on Performance Outcome 22Shi-hao Chou, Yen-sen Ni Development of a Methodology for Analysis of Feasibility of Application of an Emerging Technology in a Given Product

28

Filipe A. A. Corda, Denis A. Coelho Incentives of Employee Stock Options: Insights from HR Perspectives 34I-Cheng Lin, Ming-Cheng Wu, Hsiu-Yuan Wang An Approach to Validation of Technological Industrial Design Concepts with a Bionic Character

40

Denis A. Coelho, Carlos A. M. Versos Iterative Design of a Novel Bionic CD Storage Shelf Demonstrating an Approach to Validation of Bionic Industrial Design Engineering Concepts

46

Carlos A. M. Versos, Denis A. Coelho New Decision-Making and Optimization Strategies in the Marketproduction Relationship 52Sterian Maria Gabriela An Empirical Analysis on the Relation between Executive Compensations and Financing Decisions

58

Ming-Cheng Wu, Hsiao-Wen Wang, Yi-Ting Hsieh, I-Cheng Lin A Study about International Strategic Alliance: A Case Study in the Auto Industry 64Fumihiko Isada The Relative Trading Activities in Equity-Based Compensations 68Ming-Cheng Wu, Hsiao-Wen Wang, I-Cheng Lin, Yu-Feng Chen Firm-Specific Factors as Predictors of Future Returns for Romanian Common Stocks: Empirical Evidence

73

Cristiana Tudor The Opposition Between Historic Cost and Fair Value in National and European Accounting 79Mariana Man, Ion Cucui, Niculescu Nicoleta, Vasilescu Adriana An Extensible Authentication Protocol with Transport Layer Security and One Time Password in the Multi Hop Mesh Network

88

Myeonggil Choi, Nguyen Manh Thang

Recent Researches in Business Administration, Finance and Product Management

ISBN: 978-960-474-265-3 7

The Impact of Economic Fluctuations and Overseas Investments on Firm Value 94Ming-Cheng Wu, Yi-Ting Huang, Wun-Sheng Liang E-Banking Products and Services for Agribusiness Based Eco-Economy, with Ways “From the Farm to the Fork” in Forecasting the Developed and Developing Countries on Period 2020-2050-2100

100

Alexandru T. Bogdan, Brindusa Covaci, Violeta Simion, Denis L. Diaconescu, Dan Tepus, Sorin Chelmu, Doru Gabor, Amalia-Geanina Strateanu Internet-Banking in Global Rural Area and Agribusiness Based on Bioeconomy for Sustainable Development of Agrifood Green Power in Forecasting the Periods 2020-2050-2100

106

Brindusa Covaci, Alexandru T. Bogdan, Denis L. Diaconescu, Violeta Simion, Dan Tepus, Sorin Chelmu, Doru Gabor, Amalia-Geanina Strateanu Real Convergence and New Challenges for the EMU Enlargement. A Brief Study for Romania 112Anca Tanasie Prediction of Wear Mechanisms in High Speed Steel Hobs Using Artificial Neural Network 118Mehdi Jalali Azizpour Authors Index 123

Recent Researches in Business Administration, Finance and Product Management

ISBN: 978-960-474-265-3 8

Authors Index

Azizpour, M. J. 118, Lin, I.-C. 34, 58, 68 Bogdan, A. T. 100, 106 Man, M. 79 Chelmu, S. 100, 106 Ni, Y.-S. 22 Chen, Y.-F. 68 Niculescu, N. 79 Choi, M. 88 Riad, A. M. 9 Chou, S.-H. 22 Simion, V. 100, 106 Coelho, D. A. 28, 40, 46 Sterian, M. G. 52 Corda, F. A. A. 28 Strateanu, A.-G. 100, 106 Covaci, B. 100, 106 Tanasie, T. 112 Cucui, I. 79 Tepus, D. 100, 106 Diaconescu, D. L. 100, 106 Thang, N. M. 88 El-Adl, G. H. 9 Tudor, C. 73 El-Bakry, H. M. 9 Vasilescu, A. 79 Gabor, D. 100, 106 Versos, C. A. M. 40, 46 Hsieh, Y.-T. 58 Wang, H.-W. 58, 68 Huang, Y.-T. 94 Wang, H.-Y. 34 Inamdar, K. H. 16 Wu, M.-C. 34, 58, 68 Isada, F. 64 Wu, M.-C. 94 Liang, W.-S. 94

Recent Researches in Business Administration, Finance and Product Management

ISBN: 978-960-474-265-3 123

FINANCE-firstFINANCE-main500-092500-099500-308500-314500-319500-321500-322500-328500-333500-338500-389500-390500-710500-711500-717500-719500-720500-721500-724

FINANCE-authors