The state of the state – Economic property rights and firm profitability versus corruption. New evidence from the Czech Republic

2021 ◽  
Vol 71 (1) ◽  
pp. 117-136
Author(s):  
A.P. Malinowska
Keyword(s):  
Property Rights ◽  
Positive Impact ◽  
Institutional Development ◽  
The State ◽  
The Czech Republic ◽  
Government Action ◽  
Firm Profitability ◽  
The Subject ◽  
New Evidence ◽  
The Relationship

AbstractDespite significant advances in economic literature on the relationship between graft and economic growth, the consensus in nowhere in sight. The current paper enriches the extant literature on the subject by: 1) extending econometric techniques in an attempt to quantify and model institutional development; and 2) providing novel results on the dynamics between non-standardised and standardised institutional metrics. Utilising a new dataset compiled for 423 publicly quoted Czech, non-financial companies with macroeconomic and institutional metrics, we fashion a dynamic model approximating the interactions between the country's institutional development and firm profits as well as examining the relationship between the Czech corruption and the national institutional framework in the years of 2007–2016. The economic property rights appear to contribute to firm accounting profits- and cash flow-based profitability metrics. As regards the anti-corruption policies, the study's outcomes indicate that improvement in economic property rights could have propelled the positive impact of lax anti-corruption government action and inefficient judiciary on firm profits.

Democracy and Civic Culture

2009 ◽  
Author(s):  
Filippo Sabetti
Keyword(s):  
Political Culture ◽  
Subject Matter ◽  
The State ◽  
Civic Culture ◽  
Future Research ◽  
The Subject ◽  
State Of Research ◽  
The Relationship ◽  
The Way

This article attempts to take stock of the state of research on democracy and culture by providing answers to several sets of questions. It seeks to improve the understanding of the relationship between culture and action, and between political culture and democratic outcomes. The article begins by exploring the way the literature has dealt with the possible meaning of culture and political culture and their relationship to action. It also suggests why there has been little contribution to democracy derived from political culture research, and identifies how the efforts to rethink how and why the subject matter is approached in certain ways led many analysts to break out of established epistemological demarcations. This eventually led to the reinvigorated tools of investigation and research on democracy and civic culture. The article concludes with a discussion on the implications of improved tools of investigation for future research.

scholarly journals Negotiating Positive Non-interventionism: Regulating Hong Kong's Finance Companies, 1976–1986

2017 ◽  
Vol 230 ◽  
pp. 348-370 ◽  
Author(s):  
Catherine R. Schenk
Keyword(s):  
The State ◽  
Financial Centre ◽  
Role Of The State ◽  
Banking Structure ◽  
The Government ◽  
The Stability ◽  
New Evidence ◽  
The Relationship ◽  
Distinctive Role

AbstractSince colonial times to the present day, Hong Kong's position as a global financial centre is one of the enduring economic strengths of the territory. This success is often attributed to the distinctive role of the state, coined in the 1970s by the-then financial secretary, Sir Philip Haddon-Cave, as “positive non-interventionism.” The relationship between the market and the state has also been characterized as a form of corporatism, particularly in the financial sector as bankers were able to influence policy. However, closer examination of the behind-the-scenes relations between bankers and the state reveals a much more complex relationship, with the banks seeking protection that the government was not willing to provide. Moreover, the reluctance to regulate financial markets resulted in piecemeal interventions and weak implementation that undermined the stability of this sector and of the economy as a whole. This paper demonstrates the confusion over the concept and practicalities of positive non-interventionism, even for Haddon-Cave, and how the concept evolved towards a policy of “when in doubt, do nothing” during a period of financial instability. Along the way, the paper presents new evidence about the origins of Hong Kong's current banking structure.

scholarly journals El arte de la educación en México

2019 ◽  
pp. 45-52
Author(s):  
José De La Cruz Diaz-Ledezma
Keyword(s):  
Teacher Education ◽  
Teacher Training ◽  
Critical Analysis ◽  
Basic Education ◽  
The State ◽  
Educational Process ◽  
Educational Levels ◽  
The Subject ◽  
The Relationship

This article presents a vision of the relationship that can be established between education and art in our country, starting from the analysis of the objectives of teacher education and the role it plays in the educational process, presents a critical analysis of the intentionality of Basic education and teacher training. It is an intentional study of the role of the teacher in a country where the role of the educating State takes on the functions of designing, orienting, organizing and directing, through the school the destinies of the new generations, forming them in an educational process according to the interests and needs of. Objective: to identify the influence that the State exerts through education, in active teachers, in the training of teachers and in students of the different educational levels of our country. Methodology: qualitative documentary research, where different moments of teacher training are analyzed in the light of theory, educational laws and others related to the subject. Contribution: originate discussion points around the educational process and the State's aims in educational matters, from the training of teachers and their performance in the classroom as an agent not of transformation, but as a reproductive agent of the wishes of the State.

scholarly journals Advertising, Market Share, And Profitability In The Greek Consumer Industry

2011 ◽  
Vol 3 (9) ◽  
Author(s):  
Zoe Ventoura–Neokosmidi
Keyword(s):  
Cross Section ◽  
Market Share ◽  
Empirical Investigation ◽  
Explanatory Variable ◽  
Positive Impact ◽  
The Other ◽  
Firm Profitability ◽  
Fast Moving Consumer Goods ◽  
The Relationship ◽  
Section Analysis

An empirical investigation of the relationship between advertising to sales ratio, market share and firm profitability was carried out. Cross section analysis was used over 36 companies that produce fast moving consumer goods, for the year 2002. This paper finds that market share has a positive impact on firm profitability. In contrast to our expectation, the influence of market share is greater than that of advertising to sales ratio. To further examine the contribution of each explanatory variable after the other has been included in the model, the partial F?test was used. The obtained results verify the cross section analysis results.

scholarly journals Analysis of the Correlations Between Public Capital Investments and Economic Development in Romania

2010 ◽  
Author(s):  
Anca Sava ◽  
Bogdan Zugravu
Keyword(s):  
Public Finance ◽  
Economic Development ◽  
Literature Review ◽  
Gross Domestic Product ◽  
Statistical Data ◽  
Positive Impact ◽  
Public Capital ◽  
Capital Investments ◽  
The Subject ◽  
The Relationship

This article aims to address the correlations between public capital investments and economic development in Romania. Firstly, it presents a brief literature review on the subject proposed for analysis, under which it can be assumed that public capital investments have a positive impact on production, employment, private sector and thus contribute to economic development. Also, we found some heterogeneity of results across country, regions and sectors. Secondly, it analysis the evolution of public capital investments and gross domestic product during 2006-2009 and also tests the relationship between this two variables, using a correlation coefficient, based on data from the general consolidated budget provided by The Ministry of Public Finance and also statistical data on GDP from National Institute of Statistics.

DRŽAVNO PRAVOBRANILAŠTVO – POLOŽAJ, ORGANIZACIJA I NADLEŽNOST

2021 ◽  
pp. 323-334
Author(s):  
Ružica Kijevčanin ◽  
Keyword(s):  
Executive Function ◽  
Property Rights ◽  
State Government ◽  
The State ◽  
Legal Representation ◽  
Key Issues ◽  
The Subject ◽  
The Law ◽  
The Republic ◽  
Future Work

The State Attorney's Office of the Republic of Serbia was established by the Law on the Attorney General's Office as a state body whose competence is reflected in the performance of the attorney's office function. It represents one segment of the executive function of the state government, which consists in the realization and protection of property rights and interests of the state, through legal representation and counseling of the Republic of Serbia, ie its bodies and organizations. The law leaves the possibility of determining the Attorney General's Office by a sub-legal general act at the level of autonomous provinces, as well as local self-government units. It regulates in detail other key issues such as organization, competencies, control that will be the subject of analysis in future work. The study of the origin and development of this institution pointed out the great importance that belonged to it through time and different state systems. Inspired by the role it played in the state of Serbia, the author devoted himself to interpreting some aspects of this topic.

Features of Popular Resistance in Diwan "Glory Bows Before You" Approaches to Subject and Poetic composition

2020 ◽  
Vol 8 (3) ◽  
pp. 120-136
Author(s):  
Khalel Qatanani
Keyword(s):  
Positive Impact ◽  
The State ◽  
The Other ◽  
Analytical Methodology ◽  
Popular Resistance ◽  
Poetic Image ◽  
The Subject ◽  
Practice Culture ◽  
Poetic Composition

The study deals with the "Glory bends before you" by the poet Abdel Nasser Saleh, as an appropriate model to study the subject of popular resistance and its role in confronting the occupier through the use of popular resistance methods and means, and the statement of its foundations, and objective and poetic features.He lived the experiences of struggle and arrest in the Uprising. He practiced peaceful resistance on the homeland by his pencil and actions.The study attempts to dismantle the vocabulary of the texts of the Diwan by employing the analytical methodology in order to demonstrate the extent to which the text copes with the reality of the event "popular resistance" against the other Israeli, through the study of technical techniques and poetic formation, and the effectiveness of reality and practice, culture and ideology. The researcher found the poet's artistic ability to root the state of popular resistance, whether at the level of term or poetic image, and the resulting positive impact on the conscience of the resistance people.

The Gnostic Sects and the Roman Empire

1954 ◽  
Vol 5 (1) ◽  
pp. 25-37 ◽  
Author(s):  
W. H. C. Frend
Keyword(s):  
Roman Empire ◽  
Point Of View ◽  
Early Church ◽  
Christian Communities ◽  
Political Relations ◽  
Two Generations ◽  
The Will ◽  
The Subject ◽  
New Evidence ◽  
The Relationship

Two generations of lawyers and historians of the early Church have worked over the scanty evidence bearing on the legal and political relations between the first Christian communities and the Roman Empire. It is not the intention of the present writer to add to the enormous volume of work on the subject. The results of their battles have been ably summarised by A. N. Sherwin-White, and with his conclusions the legal problem may be allowed to rest until new evidence is forthcoming. The object of this paper is to look at the question from another point of view, and to ask who were the sufferers, and in particular, who were martyred in the period before the first general persecution under Decius. Were Polycarp, Justin, Blandina and the rest chance victims of private denunciation and the fury of the mob, or did they represent a tradition of belief in which martyrdom became the climax of earthly life? And what of those who obeyed the precept to flee during persecution? Was their action due to cowardice, or was it the belief that martyrdom was not the will of God? Can we see in the controversy over martyrdom which engaged so much of Tertullian's energies, one more phase in the strife between the orthodox and gnostic concepts of Christianity, on the outcome of which so much in the future of the Church depended? What, in fact, was the relationship between the Gnostics and the Roman authorities?

Property Rights on Credit and State Control of Money: The Irrelevance of the Origin of Money

2018 ◽  
Vol 15 (1) ◽  
Author(s):  
Gerasimos T. Soldatos
Keyword(s):  
Property Rights ◽  
Public Goods ◽  
State Intervention ◽  
The State ◽  
State Control ◽  
Historical Times ◽  
The Relationship ◽  
Political Matter

Abstract Looking briefly at the anthropological and sociological findings regarding the emergence of money in primordial times, and at the relationship between money and the state in historical times after the emergence of money, this article makes the point that credit money is associated with externalities justifying state intervention even if money did not emerge as debt money. The extent of state intervention is eventually a political matter given that money is needed in addition to finance public goods.

Calvinism and Humanism: The First Generation

1975 ◽  
Vol 44 (2) ◽  
pp. 167-181 ◽  
Author(s):  
Robert D. Linder
Keyword(s):  
First Generation ◽  
Direct Relationship ◽  
John Calvin ◽  
Exact Nature ◽  
The Past ◽  
Reformed Church ◽  
The Reformation ◽  
The Subject ◽  
New Evidence ◽  
The Relationship

The nature of the relationship between the Renaissance and the Reformation has intrigued historians of both the past and the present. Recently a number of noted scholars have attempted to demonstrate the connection between the two movements with varying degrees of success. Historians seem to have marshalled an impressive and growing body of evidence to show the direct relationship between the advent of humanism and the coming of the Lutheran Reformation, even though the exact nature of this relationship has not yet been clarified in a definitive manner. But in the case of humanism and Calvinism no consensus has been reached concerning this problem; consequently, the situation is still in doubt. The purpose of this study is to enhance the historical understanding of the connection between humanism and Calvinism by a fresh analysis of the life and thought of three important first generation leaders of the Reformed church, namely, John Calvin, Theodore Beza and Pierre Viret. Moreover, new evidence on the subject from the career of Viret, the least known but nevertheless a very important member of this Calvinist trinity, will be presented to demonstrate more clearly the positive and direct link between humanism and Calvinism in the formative years of the Reformation.

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