scholarly journals TFP estimation at firm level: The fiscal aspect of productivity convergence in the UK

2018 ◽  
Vol 70 ◽  
pp. 579-590 ◽  
Author(s):  
Ioannis Bournakis ◽  
Sushanta Mallick
Keyword(s):  
Firm Level ◽  
Productivity Convergence ◽  
The Uk

scholarly journals Measuring Firm-Level Productivity Convergence in the UK: The Role of Taxation and R&D Investment

2013 ◽  
Author(s):  
Ioannis Bournakis ◽  
Sushanta Mallick ◽  
David Kernohan ◽  
Dimitrios A. Tsouknidis
Keyword(s):  
Firm Level ◽  
Productivity Convergence ◽  
The Uk ◽  
D Investment

scholarly journals Projecting at the project level: MMC supply chain integration roadmap for small housebuilders

2019 ◽  
Vol 19 (2) ◽  
pp. 193-211 ◽  
Author(s):  
Ruth Dowsett ◽  
Martin Green ◽  
Martin Sexton ◽  
Chris Harty
Keyword(s):  
Supply Chain ◽  
Supply Chain Integration ◽  
Future Research ◽  
Firm Level ◽  
Content Type ◽  
Timber Frame ◽  
Road Map ◽  
Innovation Activities ◽  
The Uk ◽  
Key Aspects

Purpose This paper aims to provide insights into how supply chain integration may occur for small housebuilders adopting modern methods of construction (MMCs). The process of creating an empirically informed road map is described, whereby the practical day-to-day challenges of adopting a timber-frame solution on a small housing development in Southeast England were fed into a road map of future supply chain integration scenarios. The intention is to better position small housebuilders to contribute in addressing the shortfall in housing that continues to face the UK. Design/methodology/approach Interviews with supply chain members along with on-site observations captured key aspects of integration. Findings were used within two collaborative forums to guide discussion in a dual approach; discussing the challenges of timber-frame on the project and what would be needed on future projects for the firms analysed. Findings Empirically informed malleable roadmaps, of the kind developed within this study, provide feasible options for small housebuilders and suppliers of MMCs to collectively collaborate when transitioning towards fully integrated supply chains. Practically, the roadmapping approach, and the roadmap itself, would help small housebuilders and suppliers of MMCs transition towards full integration. Opening up avenues of integration that are spread across yet connected through numerous phases, firms and technologies helps construction professionals use more sophisticated modular and volumetric off-site solutions. Research limitations/implications Data collection took place over the course of a year. Future research could expand this relatively short duration to analyse the potential for construction professionals within the supply chain to integrate further over a longer period of time. Originality/value The novelty and contribution of this paper lie in the development and application of an alternative approach to roadmapping that departs from the normative linear examples of roadmaps found within the technology-roadmapping literature. The authors present a structured yet flexible approach to roadmapping that is both representative of the strategic planning and innovation activities that occur within small housebuilding firms and open to adaption to account for firm-level characteristics and contingencies. Positioned alongside firm-level dynamics (e.g. business cases and approaches to design), the roadmapping approach also reinforces the potential of incremental rather than whole-scale transitions.

The Financial Crisis, Bank Lending and UK Productivity: Sectoral and Firm-Level Evidence

2014 ◽  
Vol 228 ◽  
pp. R17-R34 ◽  
Author(s):  
Rebecca Riley ◽  
Chiara Rosazza-Bondibene ◽  
Garry Young
Keyword(s):  
Productivity Growth ◽  
Banking Sector ◽  
Bank Lending ◽  
Supply Side ◽  
Firm Level ◽  
Industrial Sectors ◽  
Key Factor ◽  
The Uk ◽  
Holding Back ◽  
Reallocation Of Resources

This paper assesses the evidence and investigates some of the mechanisms by which the most recent banking sector crisis might have affected the supply side of the UK economy. We find clear evidence that the banking sector crisis affected credit supply to businesses and caused bank lending to decline. But we do not find much evidence of the heterogeneity in performance between different industrial sectors that would have been expected if banking sector impairment had been the key factor holding back productivity growth. Consistent with this we do not find strong evidence that a lack of reallocation of resources across businesses has been a substantial drag on productivity growth.

scholarly journals Impaired Capital Reallocation and Productivity

2014 ◽  
Vol 228 ◽  
pp. R35-R48 ◽  
Author(s):  
Alina Barnett ◽  
Ben Broadbent ◽  
Adrian Chiu ◽  
Jeremy Franklin ◽  
Helen Miller
Keyword(s):  
Labour Productivity ◽  
Productivity Loss ◽  
Capital Allocation ◽  
Rates Of Return ◽  
Firm Level ◽  
Capital Movements ◽  
Level Data ◽  
Capital Reallocation ◽  
The Uk ◽  
The Relationship

The level of private sector labour productivity has been particularly weak since the start of the crisis. In this paper we explore whether impairment to capital reallocation has been contributing to this weakness. The recent increase in the dispersion of output, prices and rates of return across firms and sectors is stark, and suggests that resources have had incentives to move. Efficient allocation requires that capital moves to firms and sectors where rates of return are relatively high. And the change in capital levels across sectors has been particularly low, suggesting there has been an unusually slow process of capital reallocation since 2008 compared to previous UK recessions and other banking crises. This result is also apparent within sectors. We use a simple and general model to show that increased price dispersion can be a consequence of frictions to efficient capital allocation. And the size of this dispersion can usefully inform us about the size of the associated output and productivity loss. We then find that – using firm level data – the relationship between rates of return and subsequent capital movements has changed since the financial crisis. Overall, our results suggest that impaired capital reallocation across the UK economy is likely to have been one factor contributing to the recent weakness in productivity growth.

scholarly journals A firm-level dataset for analyzing entry, exit, employment and R&D expenditures in the UK: 1997–2012

Data in Brief ◽  
2016 ◽  
Vol 8 ◽  
pp. 153-157 ◽  
Author(s):  
Mehmet Ugur ◽  
Eshref Trushin ◽  
Edna Solomon
Keyword(s):  
Firm Level ◽  
The Uk

Water sustainability in the brewing industry: a stakeholder based approach

2020 ◽  
Vol 74 (3) ◽  
pp. 245-263
Author(s):  
Jonathan Morris
Keyword(s):  
Local Level ◽  
National Level ◽  
Holistic Approach ◽  
Brewing Industry ◽  
Firm Level ◽  
The United Kingdom ◽  
Industrial Level ◽  
Stakeholder Pressures ◽  
The Uk ◽  
Response To Water

This research explores the experiences of companies operating in the brewing industry, a water intensive industry, and in particular the responses to stakeholder pressures which drive actions towards social and environmental responsibility. This paper examines the stakeholder pressures facing brewing companies at a multi-national level, which are compared and contrasted to those felt at a regional and local level across the United Kingdom. The findings reveal that typical pro-environmentally responsible behaviour relating to water is focused around water consumption and the cleaning and sterilisation of equipment but there are increasing regulatory pressures as well as emerging economic and environmental opportunities which are driving a more holistic approach to stakeholder engagement. The findings from a study of 10 brewing firms in the UK and 5 multi-national firms demonstrates the stakeholder pressures and organisational incentives which shape sustainability activity and the development of resource capacities at an industrial level, as well as the drivers for firm-level response to water threats.

Room for improvement: the impact of bad losses on board quality

2014 ◽  
Vol 15 (3) ◽  
pp. 255-272 ◽  
Author(s):  
Mark B. Mulcahy
Keyword(s):  
Corporate Governance ◽  
Quality Indicators ◽  
Stock Exchange ◽  
Control Sample ◽  
Firm Level ◽  
Content Type ◽  
Research Stream ◽  
The Uk ◽  
The Impact ◽  
The Relationship

Purpose – The purpose of this paper is to study the relationship between reporting a loss and changes in board quality. Low quality corporate governance is associated with adverse accounting outcomes and is characterised by the lack of non-executive and independent directors on the board. Changes in these board quality indicators in response to the reporting of a loss and conditioned by the severity of the loss are examined. Design/methodology/approach – This study uses four years of board information spanning the report of an initial loss for companies listed on the UK stock exchange. An industry and size matched control sample is used in a difference-in-difference analysis to isolate the impact of the loss from underlying changes in board quality. Findings – Overall the results indicate that more severe initial loss events precipitate improvements in board quality over and above the control sample as well as less severe loss events. Research limitations/implications – Although unambiguous, the reporting of a loss is only one measure of underperformance. Also the board quality indicators used in this study are two from several individual corporate governance variables and amalgamations used in the extent literature. Practical implications – The findings demonstrate that the relationship between corporate governance and performance is endogenous and that the majority of any improvement in board quality actually anticipates the reporting of the loss. Any celebration of improvements in governance need to be tempered by an understanding of the precariousness of the firms at which these improvements are made. Originality/value – This study contributes to a research stream that examines negative shocks, and losses in particular, as an event likely to precipitate firm-level changes in board quality, i.e. firms tend not to make improvements to board quality without the impetus to do so.

An assessment of corporate governance reforms in Italy based on a comparative analysis of earnings management

2014 ◽  
Vol 14 (3) ◽  
pp. 407-423 ◽  
Author(s):  
Domenico Campa ◽  
Ray Donnelly
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Good Governance ◽  
Firm Level ◽  
Content Type ◽  
Good Corporate Governance ◽  
The Uk ◽  
The Impact ◽  
Corporate Governance Reforms ◽  
Governance Reforms

Purpose – The purpose of this paper is to evaluate the impact of corporate governance reforms in Italy. Design/methodology/approach – The authors argue that the effectiveness of corporate governance can best be assessed with reference to the choices made by management or controlling shareholders. They use the curtailment of earnings management as a desirable and measureable outcome of good corporate governance to assess Italy’s progress since the 1990s. The UK is used as a reference point because it is a European Union (EU) economy of comparable size and there is evidence that its firms managed earnings to a much lesser extent than their counterparts in Italy in the 1990s. A matched sample of UK and Italian firms was used for the empirical analysis. Findings – It was found that in contrast to the situation in the 1990s, firms in Italy do not manage earnings to a greater extent than their UK counterparts after the corporate governance reforms. In addition, firm-level governance has a greater effect on earnings management in Italy than in the UK. The authors attribute this to firm-level governance compensating for deficiencies in national institutions. Research limitations/implications – The restriction of earnings management is just one positive consequence of good governance. Other positive outcomes require to be studied to form a complete picture of the impact of governance reforms in Italy. Originality/value – This paper is the first to use an outcome-driven approach to evaluate the impact of governance reforms.

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