Personal welfare and intellectual capital: the case of football coaches

2014 ◽  
Vol 15 (1) ◽  
pp. 189-202 ◽  
Author(s):  
Eduardo Tomé ◽  
Iuliia Naidenova ◽  
Marina Oskolkova
Keyword(s):  
Intellectual Capital ◽  
Least Squares Method ◽  
Core Competencies ◽  
Ordinary Least Squares ◽  
Positive Influence ◽  
Content Type ◽  
Football Coaches ◽  
Proxy Indicators ◽  
Personal Welfare ◽  
Ordinary Least Squares Method

Purpose – The purpose of this paper is to present a framework that helps to analyze the dependence between personal welfare and individual (personal) intellectual capital (IIC). The authors also introduce the system of proxy indicator for personal intellectual capital (IC) of football coaches. Design/methodology/approach – This paper employs the idea that personal welfare depends on personal IC, particularly, talent. That is why initially the literature analysis of welfare phenomenon was provided. Then the system of available proxy indicators of football coaches’ IC was designed. To achieve the purpose a linear function is estimated with the help of ordinary least squares method. Findings – The chosen set of IC proxy indicators explain the significant part of coaches’ salary. Such proxies as improvement in the championship table and coach's image in media have a significant and positive influence on coach's salary. Whereas, lowering the position of the club does not considerably affect the coach's wealth. A clubs’ financial capacities and budget also influences coaches’ salaries. Research limitations/implications – Traditional limitation of proxy indicators-based studies is connected with their eligibility and complexity. Practical implications – The possibility to codify IC of a person enables to analyze core competencies necessary in a particular activity or profession for success achievement. Moreover a policy of inequality reduction should take into account that intangible assets are at the base of those persons wealth. Originality/value – This is the first paper that employs IC concept to people wealth while previous literature is dedicated to companies’ or countries’ IC.

scholarly journals ICD corporate communication and its determinants: evidence from Italian listed companies’ websites

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Giuseppe Nicolò ◽  
Natalia Aversano ◽  
Giuseppe Sannino ◽  
Paolo Tartaglia Polcini
Keyword(s):  
Intellectual Capital ◽  
Information Needs ◽  
Listed Companies ◽  
Ordinary Least Squares ◽  
Positive Influence ◽  
Annual Reports ◽  
Narrative Form ◽  
Least Squares Regression ◽  
Content Type ◽  
Corporate Resources

Purpose This study aims to analyse the extent and type of online intellectual capital (IC) disclosure provided by a sample of 117 Italian listed companies. The study also seeks to identify possible determinants of the extent and type of intellectual capital disclosure (ICD) practiced by Italian listed companies via the Web. Design/methodology/approach A content analysis is conducted to investigate the extent and type of online ICD provided through websites by a sample of 117 Italian listed companies. Two multivariate ordinary least squares regression models are applied to estimate the associations proposed in the research hypotheses. Findings The results show that Italian listed companies are exploiting the potential of websites to satisfy the information needs of investors and other stakeholders in relation to strategic IC-based corporate resources, with a particular focus on external capital. For the most part, ICD is conveyed in narrative form. Moreover, while the size and board independence positively affect both the extent and type of ICD, profitability exerts a positive influence only on the extent of online ICD. Originality/value Unlike previous ICD studies, which focussed on annual reports, this study explores an emerging and innovative tool to convey ICD, namely, the website. In today’s world, websites are considered to be the most expedient and effective tools for sharing and transmitting information, including IC; they are a vehicle that can shift the IC focus from the organisation to the wider ecosystem.

Art as an investment alternative: the case of Argentina

2017 ◽  
Vol 30 (3) ◽  
pp. 362-382 ◽  
Author(s):  
Urbi Garay ◽  
Gwendoline Vielma ◽  
Edward Villalobos
Keyword(s):  
Latin American ◽  
Price Index ◽  
Least Squares Method ◽  
Ordinary Least Squares ◽  
Visual Artists ◽  
Content Type ◽  
Works Of Art ◽  
Time Period ◽  
High Volatility ◽  
Ordinary Least Squares Method

Purpose The purpose of this paper is to present the formulation of the first exhaustive price index for Argentinian (and other Latin American countries) visual artists using 5,069 works sold in auctions by 71 Argentinian artists during the years 1980-2014. Design/methodology/approach The authors estimated a regression of hedonic prices using the ordinary least squares method. When the regression was run and the results were analysed, the authors then estimated the annual price index of Argentinian artists’ work to then compare them with different financial and economic variables. Findings The average annual nominal arithmetic rate of return in dollars for Argentinian art during this period was 6.81 per cent, with a 29.11 per cent standard deviation. Argentinian art shows a low correlation with Argentinian and US companies’ shares and a slightly negative correlation with US bonds. This is the reason for artworks to be included in investors’ portfolios despite the relatively high volatility. Research limitations/implications Valuating works of art in Argentina can be explained by a series of their attributes. The benefits of art as an investment should be contrasted with factors including illiquidity and high transaction costs that are inherent when investing in works of art. Practical implications Argentinian artists’ works have higher prices when, ceteris paribus, they are dated; they are auctioned in either Christie’s, Sotheby’s, Galería Arroyo, Roldan & Cia, Meeting Art, or Naon & Cia; they are oil or acrylic paintings; they are larger in size – although the price increase is decreasing when the size of the painting increases; and when the artist dies before their work is auctioned. Originality/value This work presents the first rigorous price index of Argentinian artists’ works. Additionally, and as far as the authors have been able to observe, the time-period in this article is the longest that has been used in studies on art as an investment in emerging markets.

Organizational capital, intellectual capital and cost stickiness (evidence from Iran)

2017 ◽  
Vol 18 (3) ◽  
pp. 625-642 ◽  
Author(s):  
Ali Mohammadi ◽  
Parastoo Taherkhani
Keyword(s):  
Intellectual Capital ◽  
Least Squares Method ◽  
Ordinary Least Squares ◽  
Low Rank ◽  
Organizational Capital ◽  
Content Type ◽  
Structural Capital ◽  
Significant Difference ◽  
The Relationship ◽  
Cost Stickiness

Purpose The purpose of this paper is to identify the relationship between organizational capital and the subsets of organizational capital (intellectual capital (IC)) cost and cost stickiness. Design/methodology/approach This study is causal correlational research. The data related to the company’s financial statements were collected using the Rahavard Novin Software and www.rdis.ir. In this study, panel data were run with the use of Eviews 8, in order to test the hypotheses. The ordinary least-squares method is used in this study to estimate the parameters of the model. Findings The results obtained from the study show that there is a significant relationship between organizational capital and cost stickiness. However, there is no significant difference between high and low rank in terms of organizational capital and cost stickiness. In addition, there is a significant difference between IC and cost stickiness. Moreover, there is no significant difference between the components of IC and cost stickiness. Also, IC has an effect on the intensity of the relationship between organizational capital and cost stickiness. Originality/value This study explores the relationship between organizational capital and the subsets of IC and cost stickiness. Independent variables used in this study include organizational capital, IC and its components in the Pulic model, i.e. the efficiency of capital employed, the efficiency of human capital and the efficiency of structural capital.

Motives behind remittances

2019 ◽  
Vol 46 (6) ◽  
pp. 775-791
Author(s):  
Navita Pal ◽  
Rama Pal
Keyword(s):  
Least Squares Method ◽  
Sample Selection ◽  
Probit Model ◽  
Ordinary Least Squares ◽  
Content Type ◽  
Migrant Families ◽  
Main Motive ◽  
Nationally Representative ◽  
Ordinary Least Squares Method ◽  
Part Model

Purpose The purpose of this paper is to empirically investigate whether the motives behind sending remittances differ for the migrants from single- and multi-migrant families in India. Design/methodology/approach The paper uses the second round of India Human Development Survey conducted in the year 2012 to analyse migrant’s motives using the two-part model and the sample selection model (SSM). Here, the probit model is used to model whether the migrant sends the remittances and then the amount of remittances is modelled using the ordinary least squares method. The SSM assumes that these two decisions are interdependent. This migrant-level study is the first to segregate single- and multiple-migrant settings and compare them for the existence of altruism or inheritance motives. Findings The findings indicate altruism as the main motive behind remittances for the single migrants in India. On the other hand, presence of inheritance motive is evident along with altruism in the multi-migrant setting. Research limitations/implications The analysis is restricted due to limited availability of information on migrant as the data are collected from the migrant’s family at origin. Originality/value This is the first study to use a unique nationally representative survey which enables it to point out differences in the motives behind remittances for the single-migrant and multi-migrant settings in India.

Geographical aggregation and incubator graduation performance: the role of incubator assistance

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bojun Hou ◽  
Jin Hong ◽  
Yang Yang
Keyword(s):  
Positive Relationship ◽  
Technical Assistance ◽  
Least Squares Method ◽  
Ordinary Least Squares ◽  
Content Type ◽  
Multiple Observations ◽  
Start Ups ◽  
The Relationship ◽  
Ordinary Least Squares Method

PurposeThis paper attempts to use agglomeration theory and ecological theory to explore how geographic agglomeration affects the graduation performance of incubator community. The authors argue that increasing the incubator community density can improve the opportunities for mutualism and learning among incubators. However, as the competition intensifies, the above positive relationship will weaken when the incubator density exceeds a certain level.Design/methodology/approachThe authors use a unique panel dataset of 438 National Technology Business Incubators (NTBIs) in China spanning from 2008 to 2012. Since each NTBIs contains multiple observations for different years, these observations that belong to a cross-section are not completely independent of each other; therefore, the regression using ordinary least squares method underestimates the standard deviations of the variables. To solve this problem, the authors regress this cluster panel data using the Newey–West robust variance estimator.FindingsThe empirical results show that incubator community density is conducive to promoting incubation performance, while the positive relationship between the incubator community density and incubation performance gradually weakens as the population density of incubators surpasses a certain level. Further, the authors examine how incubator assistance (technical assistance and business assistance) moderates the relationship between incubator density and incubation performance. The results indicate that this positive relationship is stronger when more business assistance is provided by incubator managers, while the moderating role of technical assistance is not supported.Originality/valueThis paper enriches the research on the relationship between incubator community density and graduation performance from the perspective of incubator assistance which helps start-ups to understand, absorb and transform external knowledge and resources, thereby promoting their growth.

Does capacity utilisation influence financial performance? A study of Indian public bus transport companies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shivam Kushwaha ◽  
Shankar Prawesh ◽  
Anand Venkatesh
Keyword(s):  
Financial Performance ◽  
Public Transport ◽  
Ordinary Least Squares ◽  
Positive Influence ◽  
Data Envelopment ◽  
Truncated Regression ◽  
Capacity Utilisation ◽  
Content Type ◽  
Unit Increase ◽  
Unused Capacity

PurposeThe objective of the paper is to get a better understanding of capacity utilisation (CU) in Indian public bus companies. More specifically, this paper would be measuring CU and identifying the drivers of the same. Finally, the influence of CU on the financial performance of Indian bus companies is examined.Design/methodology/approachThe study adopted data envelopment analysis (DEA) to measure the CU in Indian public bus companies. Truncated regression was used to identify the drivers of CU. Subsequently, the ordinary least squares (OLS) regression was used to analyse the influence of CU on Indian bus companies' financial performance. The period of study was from 2013 to 17.FindingsThe significant drivers of CU were fleet age, passenger lead and fleet utilisation. Additionally, it was found that CU had a significant positive influence on the financial performance of Indian public bus companies and a unit increase in unused capacity has led to an increase of 7% in the operating ratio of the bus companies.Practical implicationsGetting insights into CU, apart from technical efficiency, is of immense use to both public transport researchers and practitioners. Managers of public bus companies should be mindful of CU as it has a significant bearing on their financial performance.Originality/valueThis is the first study in public transport, which establishes the linkage between CU and financial performance. Besides, a modified measure of cost-efficiency has also been conceptualised in this study.

scholarly journals Despesas públicas e o nível de desenvolvimento humano dos estados brasileiros: uma análise do IDHM 2000 e 2010

2018 ◽  
Vol 17 (1) ◽  
pp. 29-54
Author(s):  
Taíse Fatima Mattei ◽  
Fernanda Mendes Bezerra ◽  
Gilmar Ribeiro de Mello
Keyword(s):  
Human Development ◽  
Public Expenditure ◽  
Least Squares Method ◽  
Positive Impact ◽  
Ordinary Least Squares ◽  
Public Expenditures ◽  
Positive Contribution ◽  
Development Level ◽  
Per Capita ◽  
Ordinary Least Squares Method

Resumo: Uma das formas de um governo atuar na economia é na alocação dos gastos públicos. Os gastos públicos têm o objetivo de contribuir para o fornecimento de serviços públicos para a população, e também para a geração de investimentos na economia. Muitas vezes, questiona-se se esses gastos podem, de fato, contribuir para a melhoraria da vida das pessoas. Dessa forma, entender se as despesas públicas têm relação com o nível de desenvolvimento humano é importante para a tomada de decisão dos governantes e para melhorar a gestão dos gastos públicos, principalmente para direcionar em quais áreas devem ser gastos os recursos. Diante disso, o objetivo com este artigo foi verificar qual a contribuição das despesas públicas per capita por funções para o nível de desenvolvimento humano dos estados brasileiros. O método adotado é a regressão múltipla estimada pelo método de mínimos quadrados ordinários utilizando dados em painel. Os dados são provenientes do IBGE, PNUD e IPEA DATA. Os resultados sugerem que algumas despesas possuem contribuição positiva para o desenvolvimento dos estados. Analisando o modelo com todas as despesas na mesma regressão, saúde e educação apresentaram relação positiva para aumentar o IDHM. Analisando os modelos em regressões isoladas, as despesas com assistência e previdência, educação, saúde e segurança e transporte confirmaram impacto positivo sobre o nível de desenvolvimento dos estados. Destaca-se a importância das despesas com saúde e educação, as quais se apresentaram influenciáveis no desenvolvimento nas duas abordagens realizadas.Palavras-chave: Despesas Públicas. Índice de Desenvolvimento Humano. Estados brasileiros. Public expenditure and human development level of Brazilian states: an analysis of IDHM 2000 and 2010 Abstract: One of the ways for a government to act in the economy is in the allocation of public expenditures. Public expenditures aim to contribute to the provision of public services to the population, as well as to the generation of investments in the economy. It is often questioned whether such expenditures can actually contribute to the improvement of people's lives. Thus, understanding whether public expenditures arerelated to the level of human development is important for government decision-making, and to improve the management of public expenditures, mainly to target the areas in which resources should be spent. Therefore, the objective of this article is to verify the contribution of public expenditure per capita by functions to the level of human development of the Brazilian states. The method adopted is the multiple regression estimated by the ordinary least squares method using panel data. The data comes from IBGE, UNDP and IPEA DATA. The results suggest that some expenses have a positive contribution to the development of the states. Analyzing the model with all expenses in the same regression, health and education presented positive relation to increase the HDI. Analyzing the models in isolated regressions, assistance and pension, education, health, safety and transportation expenses confirmed a positive impact on the level of development of the states. It is important to highlight the importance of health and education expenditures, which were influential in the development of the two approaches.Keywords: Public Expenditure. Human Development Index. Brazilian states.

scholarly journals GM(1,1;λ) with Constrained Linear Least Squares

Axioms ◽  
2021 ◽  
Vol 10 (4) ◽  
pp. 278
Author(s):  
Ming-Feng Yeh ◽  
Ming-Hung Chang
Keyword(s):  
Least Squares ◽  
Least Squares Method ◽  
Model Fitting ◽  
Ordinary Least Squares ◽  
Linear Least Squares ◽  
Unknown Parameters ◽  
Constrained Problems ◽  
Linear Least Squares Problems ◽  
Ordinary Least Squares Method ◽  
Better Than

The only parameters of the original GM(1,1) that are generally estimated by the ordinary least squares method are the development coefficient a and the grey input b. However, the weight of the background value, denoted as λ, cannot be obtained simultaneously by such a method. This study, therefore, proposes two simple transformation formulations such that the unknown parameters, and can be simultaneously estimated by the least squares method. Therefore, such a grey model is termed the GM(1,1;λ). On the other hand, because the permission zone of the development coefficient is bounded, the parameter estimation of the GM(1,1) could be regarded as a bound-constrained least squares problem. Since constrained linear least squares problems generally can be solved by an iterative approach, this study applies the Matlab function lsqlin to solve such constrained problems. Numerical results show that the proposed GM(1,1;λ) performs better than the GM(1,1) in terms of its model fitting accuracy and its forecasting precision.

The Impact of Money Demand Motivation on Money Supply Indonesia

2021 ◽  
Vol 3 (1) ◽  
pp. 10-16
Author(s):  
Arin Jannah Dinonasih ◽  
Keyword(s):  
Money Supply ◽  
Money Demand ◽  
Least Squares Method ◽  
Negative Relationship ◽  
Ordinary Least Squares ◽  
Significant Negative Relationship ◽  
Precautionary Motive ◽  
The Impact ◽  
Ordinary Least Squares Method ◽  
Annual Period

This study aims to investigate the impact of money demand motive on a money supply based on keyness theory. The method used in this study is the ordinary least squares method with an annual period from 2011 to 2020. We find that In Indonesia, the money demand motive has a significant effect on money supply where the transaction motive has a significant negative relationship with the money supply. A precautionary motive has a significant positive correlation with the money supply. The motive of speculation has a significant positive relationship with the money supply.

Intellectual capital, organizational culture and ambidexterity in Colombian firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Esteban López-Zapata ◽  
Armando De Jesús Ramírez-Gómez
Keyword(s):  
Organizational Culture ◽  
Latin American ◽  
Intellectual Capital ◽  
Structural Equation Models ◽  
Least Squares Method ◽  
Mediating Effect ◽  
Organizational Ambidexterity ◽  
Content Type ◽  
Market Culture ◽  
The Impact

PurposeThis study analyzes the impact of intellectual capital on organizational ambidexterity by evaluating the mediating effect of the different types of organizational cultures (adhocracy, clan, market and hierarchy) on the said relationship.Design/methodology/approachFrom a sample of 124 directors of Colombian firms, the information is analyzed using Structural Equation Models through the Partial Least Squares method (SEM-PLS).FindingsThe results show that intellectual capital has a positive relationship with organizational ambidexterity and that market culture presents a positive mediating effect in the said relationship, while the mediating effects of adhocracy culture, clan culture and hierarchy culture are not significant.Practical implicationsDirectors can favor the development of organizational ambidexterity by investing in the intellectual capital of their firms and by promoting the development of market culture attributes.Originality/valueThis work contributes empirical evidence on the mediating role of organizational culture in the relationship between intellectual capital and ambidexterity, highlighting the importance of market culture over other types of culture for the simultaneous development of exploration and exploitation capabilities, in the context of an emerging Latin American economy such as Colombia.

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