P HILIPPINE M ANAGEMENT R EVIEW
E
DITORIALB
OARDWANN YIH WU
PRESIDENT,CHINESE CULTURE UNIVERSITY
DISTINGUISHED PROFESSOR,DEPARTMENT OF BUSINESS ADMINISTRATION
NATIONAL CHENG KUNG UNIVERSITY
A.GABRIEL M.ESTEBAN
PRESIDENT
SETON HALL UNIVERSITY,NEW JERSEY
MARIA FE CARIDAD CADIZ-DYBALL
PROFESSOR,DEPARTMENT OF ACCOUNTING AND FINANCE,MACQUARIE UNIVERSITY
SYDNEY,AUSTRALIA
CYNTHIA ROSE BAUTISTA
PROFESSOR OF SOCIOLOGY,COLLEGE OF
SOCIAL SCIENCES AND PHILOSOPHY
UPDILIMAN
RAUL FABELLA
PROFESSOR,SCHOOL OF ECONOMICS
UPDILIMAN
EMERLINDA R.ROMAN
PRESIDENT,UNIVERSITY OF THE PHILIPPINES
(UP)
LUIS MA.R.CALINGO
EXECUTIVE VICE PRESIDENT AND
CHIEF ACADEMIC OFFICER
DOMINICAN UNIVERSITY OF CALIFORNIA
ESMERALDA LYN
PROFESSOR OF FINANCE
HOFSTRA UNIVERSITY,NEW YORK
BILLY SOO
ASSOCIATE PROFESSOR &DEPARTMENT
CHAIR,ACCOUNTING DEPARTMENT
CARROLL SCHOOL OF MANAGEMENT
BOSTON COLLEGE
BEN PAUL B.GUTIERREZ
DEAN,COLLEGE OF BUSINESS
ADMINISTRATION,UPDILIMAN
I
SSUEE
DITORSCARLOS C.BAUTISTA AMINE TARAZI
E
DITORIALS
TAFFALTHEA MAY L.RABE
Editorial Assistant
The Philippine Management Review is published annually. It serves primarily as a venue for the publication of research work done at the College of Business Administration, University of the Philippines. Outside contributions from other academics and from practitioners are published on a selective basis. Views and recommendations expressed in the articles are the sole responsibility of the respective authors.
Manuscripts for publication and editorial matters should be sent to the Editor, PHILIPPINE MANAGEMENT REVIEW, College of Business Administration, University of the Philippines, Diliman, 1101 Quezon City, Philippines.
Requests for subscription and other correspondence should be forwarded to the UPCBA Dean’s Office, College of Business Administration, University of the Philippines, Diliman Quezon City by e-mail ([email protected]) or fax: (632-929-7991). A list of previous articles is available at www.upd.edu.ph/~cba and at http://www.journals.upd.edu.ph/index.php/pmr.