Effect of R&D subsidies and tax credits on the innovative processes of Chilean firms

2020 ◽  
Vol 33 (3/4) ◽  
pp. 517-534
Author(s):  
Cristian Mardones ◽  
Florencia Ávila
Keyword(s):  
Instrumental Variables ◽  
Design Methodology ◽  
Tax Credits ◽  
Lower Percentage ◽  
Crowding Out ◽  
Content Type ◽  
Pseudo Panel ◽  
Using Data ◽  
The Impact ◽  
Positive Effect

PurposeThe purpose of this study is to evaluate the impact of research and development (R&D) subsidies and tax credits on the innovative processes of Chilean firms.Design/methodology/approachProbit and tobit models for pseudo-panel with instrumental variables are estimated using data from different versions of the Innovation Survey covering the period 2007–2016.FindingsThe results show that R&D subsidies and tax credits have a statistically significant and positive effect on the probability of performing internal and external R&D, but do not affect the intensity of R&D spending, reflecting a crowding-out effect on private funds of both instruments. On the other hand, firms that simultaneously receive R&D subsidies and tax credits have a lower percentage of innovative sales. Furthermore, there are not effects statistically significant of the R&D subsidies and/or tax credits on the number of intellectual property rights applications.Originality/valueIt is concluded that both instruments have not been effective to encourage innovative outputs in Chilean firms.

scholarly journals The impact of abandoning social responsibility certifications: evidence from the decertification of SA8000 standard

2021 ◽  
Vol 41 (13) ◽  
pp. 100-126
Author(s):  
Matteo Podrecca ◽  
Guido Orzes ◽  
Marco Sartor ◽  
Guido Nassimbeni
Keyword(s):  
Social Responsibility ◽  
Design Methodology ◽  
Home Country ◽  
Research Area ◽  
Positive Outcomes ◽  
Content Type ◽  
Corporate Social ◽  
The Impact ◽  
Positive Effect ◽  
Shed Light

PurposeIn recent years, many companies have decided to decertify from their previously adopted corporate social responsibility (CSR) standards. The aim of this paper is to explore the phenomenon by focusing on the most important auditable CSR standard: Social Accountability 8000 (SA8000).Design/methodology/approachFirst, an event study is performed on a dataset composed of 136 SA8000 decertified public listed companies to analyse the possible relationship between certification, decertification and firms’ operating performance. Second, the authors shed light on the differences between 94 SA8000 (still) certified and the abovementioned 136 decertified firms. Finally, 10 interviews are conducted with decertified firms in the dataset to deepen the outcomes of the previous analyses.FindingsThe results show that, despite an initial positive effect in terms of sales and profitability, decertified companies experienced a reduction in productivity and profitability in the years following the certification, while positive outcomes emerged after the decertification. The study also highlights that certified and decertified firms differ in terms of home country, industry and labour intensity.Originality/valueThe paper contributes to the literature by opening the debate on an important but unexplored research area: the decertification from the most popular CSR standard, i.e. SA8000, and its relationship with firms' performance. In doing this, it also highlights the main differences between decertified and certified companies.

The neighborhood effect of online reviews

2019 ◽  
Vol 2 (3) ◽  
pp. 262-283
Author(s):  
Dong Liang ◽  
Xia Wang
Keyword(s):  
Design Methodology ◽  
Negative Impact ◽  
Online Reviews ◽  
Neighborhood Effect ◽  
Moderating Effects ◽  
Content Type ◽  
Negative Effect ◽  
Using Data ◽  
The Impact ◽  
The Relationship

Purpose Online reviews have been indicated to play an important role in consumers’ decision-making process, as supported by numerous studies. However, none of them has considered the neighborhood effect of online reviews. The purpose of this paper is to analyze the impact of neighbor store’s reviews on central store’s, along with the moderating effects of store density and product similarity. Design/methodology/approach Using data from dianping.com, this study conducts economic analysis accounting for endogeneity. Findings The results show that the neighbor store’s reviews exert a negative impact on that of central stores. Nevertheless, the relationship is moderated by store density and product similarity, such that the negative effect is stronger if there are a lot of stores around the central store, or if the neighbor store and central store provide similar products. Originality/value This study is the first to investigate the neighborhood effect of online reviews.

Broadening the horizons of intellectual capital disclosure to the sports industry: evidence from top UEFA clubs

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Filippo Vitolla ◽  
Nicola Raimo ◽  
Michele Rubino ◽  
Antonello Garzoni
Keyword(s):  
Intellectual Capital ◽  
Design Methodology ◽  
Sports Performance ◽  
Content Type ◽  
Sports Industry ◽  
Explanatory Factors ◽  
Football Clubs ◽  
Football Industry ◽  
The Impact ◽  
Positive Effect

Purpose The football industry presents a unique setting for intellectual capital analysis. This study aims to investigate the online intellectual capital disclosure level of top football clubs and to analyse the impact of some explanatory factors on the level of information provided. Design/methodology/approach The authors use manual content analysis of the websites to measure intellectual capital disclosure levels along with a regression analysis on a sample of the 80 football clubs that qualified for the group stages of the 2019–20 UEFA Champions and Europa League. Findings Empirical results reveal that football clubs disclose a limited amount of information regarding intangibles on their websites. In addition, they show that sports performance, technical market value and social media visibility have a positive effect on the disclosure level. Originality/value This study extends the horizon of intellectual capital disclosure to a sector (football) that is currently under-explored and broadens the list of antecedents of the intellectual capital disclosure level.

Ex-post evaluation of the R&D tax incentive law in Chile

2020 ◽  
Vol 33 (3/4) ◽  
pp. 337-359 ◽  
Author(s):  
Cristian Mardones ◽  
Natalia Madrid Becerra
Keyword(s):  
Tax Credits ◽  
Control Group ◽  
Wide Margin ◽  
Content Type ◽  
Tax Incentive ◽  
Post Evaluation ◽  
Ex Post ◽  
The Impact ◽  
New Evidence ◽  
Positive Effect

PurposeThis study carries out an ex - post evaluation of the Research and Development (R&D) Tax Incentive Law in Chile.Design/methodology/approachA subset of data from the 9th Innovation Survey is chosen, specifically those that were available for the years 2013 and 2014. Then, differences in differences (DID) and matching with differences in differences (MDID) techniques are used to identify the impact of this policy.FindingsThe results obtained allow us to affirm that the use of the R&D Tax Incentive Law had some positive but very low effects on some components of expenditure for innovation. Also, the positive effect of the tax credits on the total expenditure for innovation identified with MDID disappears when only firms that know the R&D Tax Incentive Law are used as a control group.Originality/valueThis work provides new evidence to evaluate innovation policies in Latin America, focusing on tax credits that have been much less studied than subsidy programs. Specifically, it is concluded that there is still a wide margin to improve and reformulate the R&D Tax Incentive Law in Chile.

Organizational practices for the expatriates’ adjustment: a systematic review

2017 ◽  
Vol 5 (3) ◽  
pp. 251-274 ◽  
Author(s):  
Cátia Sousa ◽  
Gabriela Gonçalves ◽  
Joana Santos ◽  
José Leitão
Keyword(s):  
Systematic Review ◽  
Design Methodology ◽  
Cross Cultural ◽  
Organizational Practices ◽  
Review Of Literature ◽  
Cultural Training ◽  
Content Type ◽  
Cross Cultural Training ◽  
The Impact ◽  
Positive Effect

Purpose The globalization of work has contributed to a great increment in cross-cultural interactions, contributing to a new impetus in the expatriates’ topic. The costs associated with the failed international missions are high, and the identification of effective adjustment strategies is of extreme importance, both for organizations and for individuals. The purpose of this paper is to identify the kind of practices that are developed by organizations and their impact on the adjustment of expatriates. Design/methodology/approach To achieve the proposed objective, a systematic review of literature (from the late 1980s to the present day) will be carried out. Findings Based on five articles on the topic, the results show that there are few studies that assess the impact of the types of adjustment to organizational practices, with the cross-cultural training and language training being the most common. These practices have shown a positive effect on performance and adjustment of expatriates. Originality/value The authors feel the lack of studies that have adequate indicators to measure the integration and effectiveness of the adjustment of expatriates.

Sharia motivation in Muslim tourism definition, is it matter?

2019 ◽  
Vol 10 (3) ◽  
pp. 709-723 ◽  
Author(s):  
Hardius Usman ◽  
Nurdin Sobari ◽  
Lia Estika Sari
Keyword(s):  
Multivariate Analysis ◽  
Special Needs ◽  
Design Methodology ◽  
Target Population ◽  
Content Type ◽  
Paired Sample ◽  
Tourist Satisfaction ◽  
Definition Of ◽  
The Impact ◽  
Positive Effect

Purpose This study aims to identify the terminology that is in accordance with the reality of Muslim tourism market, especially from the perspective of Sharia motivation, between Halal tourism and Islamic tourism; provide information on the special needs of Muslim travelers based on the dominant motivational differences; and find the impact of Sharia motivation and the special needs of Muslim tourists to their satisfaction. Design/methodology/approach The target population in this study is Muslim traveler at least 18 years old who has been traveling throughout Indonesia. Paired sample t-Test, multivariate analysis of variance and the multiple linier regression are applied for data analysis. Findings This study finds that Sharia motivation is less dominant in encouraging Muslims to travel; Sharia motivation has no impact on the importance of Sharia transportation, generic transportation and generic activities; and the dominance of Sharia motivation does not affect Muslim tourist satisfaction. However, the dominance of Sharia motivation has an influence on the importance of Sharia accommodation and Sharia activities, where both variables have positive effect on satisfaction. In the end, this study concludes that it is better to use the concept of Halal tourism than Islamic tourism. Originality/value This paper investigates the term of Halal tourism and Islamic tourism that are still ambiguous; even some researchers consider that the definition of both is similar.

scholarly journals Testing the EntreComp framework and its relation to start-up behaviour in seven European countries

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sanna Joensuu-Salo ◽  
Anmari Viljamaa ◽  
Elina Varamäki
Keyword(s):  
Role Models ◽  
Design Methodology ◽  
European Countries ◽  
Content Type ◽  
Level Of Education ◽  
Start Up ◽  
Unidimensional Construct ◽  
Using Data ◽  
The Impact ◽  
Data Analysis Methods

PurposeThe European Commission has published a general framework of entrepreneurship competence (EC), EntreComp, to create a shared definition and support its development. This study proposes and tests a scale to measure EC based on the EntreComp framework and examines its relation to start-up behaviour using data from seven European countries.Design/methodology/approachThe data were gathered from seven European countries and consist of 1,128 answers from both secondary and higher education level students. The authors use explorative factor analysis (EFA), analysis of variance and logistic regression analysis as data analysis methods.FindingsThe results show that EC is related to start-up behaviour and sensitive to role models and prior experience of entrepreneurship but is not sensitive to gender or level of education. The results also show that although the framework proposes three distinct areas, EC is unidimensional.Originality/valueThe study tests the EntreComp framework and introduces a scale for measuring EC based on the framework. The results show that EC can be addressed as unidimensional construct and that it explains start-up behaviour and develops through enterprising activities. The study also shows the impact of role models on EC. No difference in EC between genders is observed, suggesting the gender differences in entrepreneurship arise from factors other than competence.

Effect of popularity and peer pressure on attitudes toward luxury among teens

2017 ◽  
Vol 18 (1) ◽  
pp. 84-93 ◽  
Author(s):  
Luciana A. Gil ◽  
Abhishek Dwivedi ◽  
Lester W. Johnson
Keyword(s):  
Structural Equation Modeling ◽  
Structural Equation ◽  
Design Methodology ◽  
Peer Pressure ◽  
Total Sample ◽  
Self Concept ◽  
Equation Modeling ◽  
Content Type ◽  
Using Data ◽  
The Impact

Purpose Peer pressure and popularity are important issues for teenagers, potentially affecting teenagers’ attitudes toward luxury products. In turn, peer pressure and popularity can potentially be affected by self-concept clarity (how clearly teens view themselves). The authors empirically aim to investigate these relationships using data from a sample of Brazilian teens and find that self-concept clarity has a significant effect on peer pressure, popularity and social consumption motivation, which, by itself, directly affects attitudes toward luxury items. Design/methodology/approach The total sample consisted of 558 teenagers between the ages of 12 and 19 (grades 7 through 12). Hypotheses were tested using structural equation modeling. Findings The results of the study suggest that teenagers’ social consumption motivations positively affect attitudes toward luxury. Originality/value The paper first explicitly examines the impact of peer pressure and popularity on attitude toward luxury among teenagers.

The impact of corporate finance decisions on market value in emerging markets

2018 ◽  
Vol 67 (9) ◽  
pp. 1959-1976 ◽  
Author(s):  
Guler Aras ◽  
Filiz Mutlu Yildirim
Keyword(s):  
Corporate Finance ◽  
Panel Data Analysis ◽  
Market Value ◽  
Analytical Methodology ◽  
Data Set ◽  
Content Type ◽  
Theoretical Approaches ◽  
Using Data ◽  
The Impact ◽  
Positive Effect

PurposeThe purpose of this paper is to analyze the conformity of the impact of corporate finance decisions on market value with the basic theoretical approaches in the two emerging economies, which show great similarities in terms of the economic structures, and to examine the results obtained by determining how these decisions affect market value comparatively.Design/methodology/approachIn this study, the effect of corporate finance decisions on market value is tested empirically with panel data analysis method by using data of 274 real sector firms traded in BIST and 249 firms in BOVESPA industry index, between 2010 and 2014.FindingsThe analysis results show that the increase in the borrowing level of firms operating in both countries reduces the market value; the increase in the level of profitability in the firms has a positive effect on the market value. In addition, it is possible to say that the effect is different in terms of investment decisions for Turkish and Brazilian firms.Research limitations/implicationsThe limitations of the study are that the non-financial sectors between 2010 and 2014 in Turkey and Brazil including the company data, and the companies with missing years are removed from the data set. The findings show that more effective and balanced management of the variables by the financial manager affects these rates and have an impact on increasing the market value.Originality/valueIn this study, a fundamental subject in finance is addressed by analytical methodology and comparative tests for countries are conducted.

The impact of Chinese direct investments on employment in Africa

2016 ◽  
Vol 9 (2) ◽  
pp. 86-101 ◽  
Author(s):  
Aliaa Nabil Khodeir
Keyword(s):  
Design Methodology ◽  
Supported Employment ◽  
Economic Effects ◽  
Economic Knowledge ◽  
African Countries ◽  
Content Type ◽  
Investment Projects ◽  
Employment Impact ◽  
The Impact ◽  
Positive Effect

Purpose Chinese direct investments play a very prominent role in economic interactions with many African countries and result in many economic effects. This study aims to identify the employment effect of Chinese direct investments in Africa. Design/methodology/approach This paper empirically investigates the employment effects of Chinese direct investments using a panel data approach over the period 2007-2012. Findings The results suggested that for Africa as a whole, represented in 38 countries, Chinese direct investments had a significant positive effect on employment. They also indicated that the education level supported employment. In southern Africa, represented in 32 countries, the results were the same. So, there is a need to encourage and diversify Chinese investments. However, in northern Africa, represented in six countries, the results indicated that Chinese direct investments had an insignificant effect on employment, while education still had its positive effect. Therefore, it is important for northern African Governments to ensure issues like job creation and technology transfer in any future investment projects with China. Originality/value This study is characterized by the following contributions: it deals with a gap in the economic knowledge concerning the impact of Chinese investments on employment. Most of the previous studies have focused on the determinants of these investments or on their economic growth effects. It is the first study that measures the employment impact of Chinese investments in Africa at both macro and regional levels. The study deals with the period of financial crisis and its ensuing repercussions on the movement of investments, and this makes it more reflective of current developments through the most recent data available.

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