scholarly journals The government whispering to entrepreneurs: Public venture capital, policy shifts, and firm productivity

2020 ◽  
Author(s):  
Samuele Murtinu
Keyword(s):  
Venture Capital ◽  
Firm Productivity ◽  
The Government ◽  
Public Venture Capital ◽  
Policy Shifts

Italy's politics without policy: Balancing Atlanticism and Europeanism in the Middle East

Modern Italy ◽  
2008 ◽  
Vol 13 (2) ◽  
pp. 135-153 ◽  
Author(s):  
Raffaella A. Del Sarto ◽  
Nathalie Tocci
Keyword(s):  
Foreign Policy ◽  
Middle East ◽  
The United States ◽  
The European Union ◽  
Short Term ◽  
The Government ◽  
Specific Interests ◽  
Policy Shifts ◽  
The Eu

Focusing on Italy's Middle East policies under the second Berlusconi (2001–2006) and the second Prodi (2006–2008) governments, this article assesses the manner and extent to which the observed foreign policy shifts between the two governments can be explained in terms of the rebalancing between a ‘Europeanist’ and a transatlantic orientation. Arguing that Rome's policy towards the Middle East hinges less on Italy's specific interests and objectives in the region and more on whether the preference of the government in power is to foster closer ties to the United States or concentrate on the European Union, the analysis highlights how these swings of the pendulum along the EU–US axis are inextricably linked to a number of underlying structural weaknesses of Rome's foreign policy. In particular, the oscillations can be explained by the prevalence of short-term political (and domestic) considerations and the absence of long-term, substantive political strategies, or, in short, by the phenomenon of ‘politics without policy’ that often characterises Italy's foreign policy.

scholarly journals PENGARUH MODAL USAHA DAN LAMA MELAUT, TERHADAP HARGA JUAL IKAN PADA PASAR TRADISIONAL SANGGENG MANOKWARI

2019 ◽  
Vol 2 (2) ◽  
pp. 407
Author(s):  
Sarce Babra Awom
Keyword(s):  
Venture Capital ◽  
Market Price ◽  
Primary Data ◽  
P Value ◽  
Selling Price ◽  
Time Work ◽  
Long Time ◽  
The Government ◽  
Collection Methods

The purpose of this study was to measure the effect of venture capital (X1)  and the long time at sea /time work hours (X2) for the offer price of fish (Y) in the tradisional sanggeng market manokwari, with 73 respondents chosen randomly and consisted of sellers and buyers in the sanggeng market. Data  collection  methods are done through interviews,  (primary data)  with a questionnaire and then  carried out  a questionnaire  test  and test the quality of the data, and then analyzed uiple linear regression. The result of research simultan eously or statistically partial variables X1 (venture capital) and variable X2 (long sea)  significantly influence the higt selling price of fish (variable y) in the manokwari sanggeng market  because the value of p. Value (0,000)<(0.05) sig (5%.) so it can be concluded that when fish traders increase capital by 1% the price of fish in the market rises by 13,5% and also when a long time to go to sea increases 1 day than the price of fish increases by  33.900,00. The government needs to control high (expensive) fish prices in the market by activating an inflation control team that continues to monitor the market price (specifically) of the fisheries sector.

Law and Order Policies and Conservative Parties

2020 ◽  
pp. 131-168
Author(s):  
Georg Wenzelburger
Keyword(s):  
Economic Crisis ◽  
Policy Change ◽  
Political System ◽  
Institutional Constraints ◽  
Legislative Process ◽  
Law And Order ◽  
A Priority ◽  
The Difference ◽  
The Government ◽  
Policy Shifts

Chapter 5 presents evidence on how two conservative governments, the Bildt government in Sweden in the early 1990s and the French UMP governments at the beginning of the 2000s, embarked on rather different policy paths although both governments had pledged to implement harsher law and order policies. The difference between the two countries is explained by the fact that the Swedish political system constrains radical policy shifts by a legislative process that is lengthy and aimed at consensus. Therefore, the government simply did not have enough time to implement what might have been a major policy change. Second, the importance of law and order policies was greatly reduced in Sweden due to a major financial and economic crisis that hit the country only months after the government took office—hence, crime and security were not a priority. In France, in contrast, institutional constraints were weak, which explains the shift toward a harsher stance.

scholarly journals Evaluating the Performance of the Government Venture Capital Guiding Fund Using the Intuitionistic Fuzzy Analytic Hierarchy Process

2020 ◽  
Vol 12 (17) ◽  
pp. 6908 ◽  
Author(s):  
Jianjun Xu ◽  
Lijie Yu ◽  
Rakesh Gupta
Keyword(s):  
Venture Capital ◽  
Analytic Hierarchy Process ◽  
Analytical Framework ◽  
Fuzzy Analytic Hierarchy Process ◽  
Analysis Model ◽  
Analytic Hierarchy ◽  
Intuitionistic Fuzzy ◽  
The Government ◽  
High Level ◽  
Hierarchy Process

The performance evaluation of the government venture capital guiding fund (GVCGF) has come into focus in the field of venture capital. Most of the existing studies, such as whether the GVCGF has guided social capital to start-up enterprises and has played its due role in the process of enterprise growth and innovation, are all based on relevant work under the framework of econometric analysis. Unlike in these existing studies, we construct the performance analysis model of the GVCGF from four dimensions, including the standardization development of the guidance fund, the risk control ability, and the leverage and the support effects under the framework of a multi-attribute decision-making analysis. Taking a GVCGF project in Ningbo City, China, as an example, we comprehensively evaluate the development performance of the GVCGF using the intuitionistic fuzzy analytic hierarchy process (IFAHP). The results show that the development performance of the GVCGF is at a “relatively high” level. Compared with the traditional analytic hierarchy process (AHP), the IFAHP effectively avoids the false, enlarged influence caused by data subjectivity and evaluation uncertainty. This study provides a feasible analytical framework for the application of the IFAHP in other project performance evaluations.

scholarly journals The Causal Effect of Access to Finance on Productivity of Small and Medium Enterprises in Vietnam

2019 ◽  
Vol 11 (19) ◽  
pp. 5451 ◽  
Author(s):  
Mai Huong Giang ◽  
Bui Huy Trung ◽  
Yuichiro Yoshida ◽  
Tran Dang Xuan ◽  
Mai Thanh Que
Keyword(s):  
Financial Services ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Causal Effect ◽  
Bank Loan ◽  
Firm Productivity ◽  
Function Estimation ◽  
Access To Finance ◽  
The Government ◽  
Medium Enterprises

In many developing countries, obtaining financial services at affordable rates and fair terms has been a significant challenge for small and medium enterprises (SMEs). However, this issue has not been paid much attention in Vietnam, even though SMEs account for about 95% of total enterprises and the financial market of the country has not been well developed. This study investigates the causal effects of access to finance on productivity of SMEs operating in the manufacturing sector in Vietnam. Productivity was measured as the total factor productivity (TFP) obtained by production function estimation using the Levinsohn and Petrin approach. Regarding financial accessibility, two factors covered the extent to which firms might have a bank loan or overdraft facility were employed. To study the causal inferences of access to finance on firm productivity, the research adopted the difference-in-differences (DID) approach, as well as the propensity score matching (PSM) coupled with DID technique. The empirical results indicated that improving the financial accessibility could directly enhance firm productivity. Particularly, it was shown that firms having access to a bank loan could significantly improve TFP by approximately 8.6% in the DID model and about 9% in the PSM-DID model. Meanwhile, the firm average TFP increased by approximately 12.3% and 15.7% in simple DID and PSM-DID models, respectively, when firms had an overdraft facility. These findings suggest that the government should put more effort into assisting SMEs in generating bankable projects, and create a sound and healthy financial environment to stimulate firms’ access to finance, which will ensure their sustainability and growth.

scholarly journals Public Venture Capital in a Regional Economy: The Welsh Development Agency, 1976–1994

2019 ◽  
Vol 20 (4) ◽  
pp. 978-1006 ◽  
Author(s):  
LEON GOOBERMAN ◽  
TREVOR BOYNS
Keyword(s):  
Venture Capital ◽  
Financial Performance ◽  
Market Failure ◽  
Regional Economy ◽  
Commercial Activity ◽  
Development Agency ◽  
Equity Investments ◽  
The Uk ◽  
Public Venture Capital

Between 1976 and 1994 the UK Government’s Welsh Development Agency made 2,304 loan and equity investments totaling £117.8 million. The agency aimed to address difficulties faced by firms in obtaining finance, and such intervention was justified by the market failure and spillover hypotheses. This article assesses the agency’s investment activities against both justifications. It finds that while some investments succeeded, the portfolio’s financial performance was poor, and the agency did not address widespread market failure. Evidence of spillover returns existed, but cannot be quantified accurately across the portfolio. The article argues that the agency’s two venture capital objectives, to assemble a profitable portfolio and to grow employment levels through boosting commercial activity, were incompatible within a poorly performing regional economy. Although spillovers can justify public venture capital in such economies, expectations as to financial performance should be realistic in the absence of an ecosystem that facilitates demand for capital.

scholarly journals Coalitions and Language Politics: Policy Shifts in Southeast Asia

2012 ◽  
Vol 64 (3) ◽  
pp. 476-506 ◽  
Author(s):  
Amy H. Liu ◽  
Jacob I. Ricks
Keyword(s):  
State Building ◽  
Language Politics ◽  
Language Policies ◽  
Asian Countries ◽  
Linguistic Group ◽  
Critical Junctures ◽  
Building Process ◽  
The Government ◽  
Policy Shifts ◽  
Southeast Asian Countries

Why is it that some governments recognize only one language while others espouse multilingualism? Related, why are some governments able to shift language policies, and if there is a shift, what explains the direction? In this article, the authors argue that these choices are theproduct of coalitional constraints facing the government during critical junctures in history. During times of political change in the state-building process, the effective threat of an alternate linguistic group determines the emergent language policy. If the threat is low, the government moves toward monolingual policies. As the threat increases, however, the government is forced to co-opt the alternate linguistic group by shifting the policy toward a greater degree of multilingualism. The authors test this argument by examining the language policies for government services and the education system in three Southeast Asian countries (Singapore, Malaysia, and Thailand).

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