Employment policies in private loss firms: Return to profitability and the role of family CEOs

2021 ◽  
Vol 135 ◽  
pp. 373-390
Author(s):  
Jukka Kettunen ◽  
Minna Martikainen ◽  
Georgios Voulgaris
Author(s):  
Katharina Zimmermann

In the context of an ‘activation turn’ in many European welfare states, the local level gained increasing relevance in the last decades and brought local social policies and national employment policies more closely together. At the same time, at the European level the European Social Fund (ESF) made a career from an unconditional simple financing instrument towards a complex governance tool; meant to back up European social and employment policies in close combination with tools such as reporting or benchmarking. Greater coordination of domestic policies in social and employment policies, where the EU had no regulative competences, was sought to be achieved via ‘bypass strategies’ which directly focused on the subnational implementation systems of the member states. Against the backdrop of these scenarios, the book is interested in the actual role of the ESF in local activation policies. It wants to know how local social and employment policy fields react to the ESF, what shapes their reactions, and what the effects of these reactions are in terms of change in local policy fields. By drawing on both sociologists’ and political scientists’ literature, the book develops a unique perspective on the role of supranational money at the local level. By comparing comprehensive qualitative data from 18 local case studies in six European countries (Sweden, France, Poland, UK, Italy, and Germany) and deploying an innovative mixed-method approach, the book provides rich insights into a field where so far comparative qualitative research is missing.


2021 ◽  
Vol 7 ◽  
pp. 123
Author(s):  
Joan Miquel Verd Pericás ◽  
Joan Rodríguez-Soler ◽  
Alejandro González Heras

2021 ◽  
Author(s):  
Shane M Heitzman ◽  
Rebecca Lester

We examine the relation between corporate cash holdings and tax net operating loss carryforwards (NOLs). The literature demonstrates that firms should distribute cash to shareholders rather than retain it and generate passive investment income taxed at both corporate and investor levels. However, if the firm's tax rate on passive income is lower than shareholders'-as when the firm has NOLs-theory also shows that the firm should retain cash and invest on the shareholders' behalf. Consistent with this, we find that NOLs are associated with higher levels of savings; firms save an additional $0.12 to $0.17 per dollar of tax-effected NOL benefit. Furthermore, investors place a higher value on corporate cash in tax loss firms, consistent with NOLs increasing the after-tax returns on passive investments. The paper adds to the literature studying corporate financial policy responses to taxation and quantifies the role of NOLs in corporate savings decisions.


2020 ◽  
Vol 15 (1) ◽  
pp. 61
Author(s):  
Nikos Ntasios

The purpose of this study is to explore the possibilities of decentralization and departure from social policies, with an emphasis on employment policies, in the framework of an integrated strategy to tackle rising unemployment. In this context, this paper attempts to promote an integrated strategy for the "localization" of employment policies linked to productive reconstruction at micro-region level (i.e. Municipality of Volos) through the design and implementation of a Local Action Plan for Employment The study exemplifies the basic design requirement of an LAPE by exploring through a “sectoral research” the potential for job supply.


Author(s):  
Katharina Zimmermann

Chapter 2 discusses the characteristics of and the relationship between European and local social and employment policies. It starts with an overview on EU cohesion policy and characterises the ESF as a specific governance tool which nowadays combines financial, programmatic and procedural aspects in a unique manner. In a second step, the chapter discusses the crucial role of the local level in current activation policies. Chapter 2 argues that the local level deserves specific attention and should not be subsumed under national welfare systems. Furthermore, the streamlined EU cohesion policy and particularly the ESF establish a stronger direct link between the European and the local level and confront local actors with new opportunities and challenges.


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