scholarly journals The Guarantee Fund of Investment as an Element of Protection Infrastructure of the Securities Market

2018 ◽  
Keyword(s):  
Decision Making ◽  
Central Banks ◽  
Pension Funds ◽  
Securities Market ◽  
Financial Resources ◽  
Government Agencies ◽  
Investment Risk ◽  
Reimbursement Rate ◽  
Theoretical Justification ◽  
Foreign Experience

The article provides a theoretical justification of necessity to create an investment guarantee fund for the Ukrainian securities market. In the article the foreign experience of the functioning of similar funds, their principles and peculiarities of the organization were emphasized. In particular, the funds of Estonia and Lithuania were analyzed. The purpose of such Guarantee Funds is to provide protection for investors through an investment organization, in case of failure of the investment organization. In order to achieve these goals, the Funds accumulate invest funds of financial resources in government securities and securities of central banks, and in the course of an insurance event, they pay insurance premiums in due time. In the article, it is noted that the object of investors protection is not investment risk, it means, the probability of loss because the investment will not bring profit or loss of value. The models of Estonia and Lithuania show a universal institution that reflects the protection of the clients’ interests of credit institutions (or depositors), clients of investment organizations (or investors), owners of mandatory pension funds shares and insurers who have entered into pension contracts with insurers. Based on the study of model and features in other countries, the authors proposed prototype of structure of a similar institution in Ukraine – «Fund for the Guarantee of Individual Deposits and Investments». One of the main bases is anticipated that such an institution should have a higher reimbursement rate for participants, the functionality and consistency of work with funds of accumulated financial resources will be analogous to foreign models. The management of the Fund will be formed by delegating to it representatives of various government agencies and self-regulatory organizations that will ensure real transparency and objective decision-making of the Fund.

scholarly journals Initiative prioritization for innovation in the Brazilian pharmaceutical industry: a proposal using multicriteria

2007 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Eduardo Picanço Cruz ◽  
Adelaide Maria De Souza Antunes ◽  
Suzana Borschiver
Keyword(s):  
Decision Making ◽  
Developing Countries ◽  
Pharmaceutical Industry ◽  
Technological Innovation ◽  
Working Group ◽  
Financial Resources ◽  
Government Agencies ◽  
Support Mechanisms ◽  
The Government

The structure of the pharmaceutical industry requires special attention on the part of developing countries, whose populations remain dependent both on the distribution of drugs and on a policy of significant reduction in established prices.  It is essential that governments, businesses and universities work together in order to plan future strategies for this sector. This article reflects on the Forum’s technological innovation initiatives, financed with more than R$200 million in resources from Sectoral Funds. Given this industry’s dependence on innovation, the present work presents a decision-making methodology for determining investment priorities to be applied by the working group of the above-mentioned Forum. It also aims to offer support mechanisms for a better distribution of financial resources by creating a hierarchy of the already functioning programs of the government agencies.

Ecologically Sustaining Research Partnerships

2021 ◽  
Author(s):  
Melissa M. Jozwiak ◽  
Karen L. B. Burgard
Keyword(s):  
Decision Making ◽  
Early Childhood ◽  
Ecological Systems ◽  
Government Agencies ◽  
Decision Making Process ◽  
Research Partnership ◽  
Research Partnerships ◽  
Systems Model ◽  
Ecological Systems Model

It is essential that universities and local or government agencies begin to work together to do unconventional and impactful research that is mutually sustaining to both partners. When done well, the partnerships will strengthen the positions of each institution to continue to do their work and create new opportunities for equity and advancement. The challenges associated with building these types of partnerships are numerous, but even more challenges exist when the partnerships are committed to working in solidarity. To create partnerships that are examples of solidarity leading to mutual sustainability, partners must be intentional about using an ecological-systems model to shape the decision-making process. In doing so, the partners enact an Ecologically Sustaining Research Partnership (ESRP), which ensures that both partners are strengthened by and exist beyond the life of the partnership. Importantly, ESRPs are committed to equity and empowerment and use the ecological-systems model to shift the basis of power in favor of commonly oppressed groups. This emancipatory approach to research is essential for the field of early childhood, but it can also be expanded to guide partnerships between universities and communities across disciplines.

scholarly journals A comparison of retirement saving using discretionary investment and Regulation 28

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Gizelle D. Willows ◽  
Thomas Burgers ◽  
Darron West
Keyword(s):  
South Africa ◽  
South African ◽  
Asset Allocation ◽  
Pension Funds ◽  
Investment Risk ◽  
Retirement Savings ◽  
Primary Reason ◽  
Risk And Return ◽  
Retirement Saving ◽  
Retirement Fund

Background: There is growing uncertainty in global society with regard to how retirement savings should be approached. The primary reason for this is that most societies do not save enough and their citizens run out of money during retirement. Aim: This study investigates whether the limitations imposed by Regulation 28 of the Pension Funds Act of South Africa encourage optimal asset allocation and reduce investment risk for retirement savings when contrasted with discretionary investment. Setting: The study looks at hypothetical individuals who are subject to tax and retirement consequences as administered by South African legislation. Methods: A quantitative risk and return analysis was performed while considering two hypothetical investors who are identical in all aspects other than their choice of investments. Results: The findings indicate that Regulation 28 is effective in reducing the investment risk of retirement savings; however, it may also force the investor to sacrifice wealth. Conclusion: Depending on the tax bracket in which the investor sits, discretionary investment may be preferential to investing in a retirement fund under the mandate of Regulation 28.

scholarly journals RISK OF OVERINVESTMENT IN MUNICIPALITIES

2017 ◽  
Vol 16 (3) ◽  
pp. 63-71 ◽  
Author(s):  
Łukasz Satoła
Keyword(s):  
Decision Making ◽  
Public Services ◽  
Financial Resources ◽  
Decision Making Process ◽  
Business Activity ◽  
Benefit Analysis ◽  
Resources Management ◽  
Public Resources ◽  
Cost And Benefit Analysis ◽  
The Cost

This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the respondents about the causes of excessive or misguided investments and the ways of reducing their scale were presented. Surveys were conducted in 2015 and the temporal scope of the analysis is 2009–2014. The importance of investments for the provision of public services, shaping the living conditions of inhabitants, and conducting business activity were described. Based on that, overinvestment was identified as a negative trend in public resources management. The most frequent causes of excessive investment are megalomania of the municipality authorities and their desire to gain the support of the inhabitants (voters). Another important aspect is the lack of sufficient social control in the decision-making process regarding investment tasks execution. It was also demonstrated that overinvestment is due to the purpose of spending financial resources, not to the relative amount of investment expenses. Among the actions preventing excessive or misguided investments, the cost and benefit analysis was indicated the most often. Using strategic planning tools is also beneficial for the effectiveness of investing in self-government.

scholarly journals Pengaruh Sistem Informasi Akuntansi, Ukuran Kinerja Keuangan Dan Otoritas Pengambilan Keputusan Terhadap Akuntabilitas Kinerja

2019 ◽  
Vol 2 (1) ◽  
pp. 11
Author(s):  
Novaliastuti Masiaga
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Accounting Information ◽  
Government Agencies ◽  
Accounting Information Systems ◽  
Performance Accountability ◽  
District Government ◽  
Government Data ◽  
Positive Effect ◽  
Measures Of Performance

The purpose of this study is to examine the variables that affect the performance accountability of the Boalemo Regency government. Data collection was carried out by giving questionnaires to 30 OPDs in the local government of Boalemo Regency and also by interviewing several financial subdivisions. The statistical method used to test the hypothesis is and multiple linear regression.The results of the study show that. First, accounting information systems, measures of performance and decision-making authority have a positive effect on performance accountability. Second, information systems and decision-making authority partially have a positive and significant influence on performance accountability. Third, the measure of financial performance partially has a negative and insignificant effect on the performance accountability of Boalemo District Government agencies. It can also be seen from the Determination Test that 32% increase in the accountability performance of Buol district government agencies can be explained by accounting information systems decision making while the rest can be explained by other variables at 68%.

scholarly journals Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?

2010 ◽  
Vol 9 (1) ◽  
pp. 151-166
Author(s):  
Magdalena Zaleczna ◽  
Rafał Wolski
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Capital Allocation ◽  
Portfolio Diversification ◽  
Financial Resources ◽  
Constant Flow ◽  
Real Property ◽  
Return Levels ◽  
Entire Economy

Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?The pension fund investments should be characterised by a long term, low risk and profitability, which implicates the necessity of portfolio diversification. In general, pension funds having regular long-term contributions should develop the long-term policy and its effects would be responsible for the economic position of their future beneficiaries. The ways of capital allocation are also critical in terms of the entire economy, as a constant flow of financial resources provided by pension funds stimulates the activity of its recipients. The typical assets in a pension fund's portfolio in the developed economy are stocks, bonds and real property owing to low (negative) correlation between these assets and their diversified potential. The legal investment limits imposed on the Polish pension funds exclude direct investment in real property, which is responsible - in the authors' opinion - for the lower level of diversification and hinders the risk reduction. The authors analyze the Polish pension fund portfolios focusing on risk and return levels. The aim of the study is to find the answer to the important question about the results of hypothetically added real property to the portfolios of pension funds.

scholarly journals Adolescentes del África Occidental: motivaciones y reflexiones del proceso migratorio. Un análisis comparado

2021 ◽  
Vol 12 ◽  
pp. 0
Author(s):  
José-Javier Navarro-Pérez ◽  
Ángela Carbonell ◽  
Francisco Xavier Aguiar-Fernández
Keyword(s):  
Decision Making ◽  
West Africa ◽  
Low Income ◽  
Life Story ◽  
Protection System ◽  
Family Influence ◽  
Financial Resources ◽  
Migration Process ◽  
Adult Status

This article presents the perception of professional experts and adolescents from West Africa on their migration process and their passage through Spain as they head toward Europe. Its objectives are 1) identify the reasons to migrate, 2) analyze family’s influence on decision-making, and 3) point out the factors conditioning the migration process. Qualitative techniques such as a life story, a panel of professional experts, Delphi, and SWOT were used. The results further deepen into the scarcity of the families’ financial resources, the adult status that adolescents originally receive, low income, and low qualification as main motivationsfor migrating. In conclusion, thistype of migration isidentified and built on the same parameters as adults. Different perceptions were found between adolescents and professionals regarding remittances and family influence to migrate. As implications for the practice, it was identified the importance of specializing the protection system professionals who attend the needs of young migrants.

16. Tribunals

Public Law ◽  
2017 ◽  
Author(s):  
Mark Elliott ◽  
Robert Thomas
Keyword(s):  
Decision Making ◽  
Public Law ◽  
Government Agencies ◽  
Law System

This chapter considers the role and constitutional status of tribunals that determine appeals against initial decisions made by government agencies. It also examines the place of tribunals within the UK’s public law system and the reorganisation of the tribunals into a new, integrated, and unified tribunals system brought about by the Tribunals, Courts and Enforcement Act 2007. An overview of the tribunals system, tribunal procedures, and judicial oversight of tribunal decision-making is also provided.

Applying ICTs in Juridicial Decision Making by Government Agencies

2011 ◽  
pp. 87-96 ◽  
Author(s):  
M. Groothuis
Keyword(s):  
Decision Making ◽  
The Netherlands ◽  
Expert Systems ◽  
Local Governments ◽  
Electronic Communication ◽  
Legal Framework ◽  
Electronic Government ◽  
Government Agencies ◽  
Human Interference ◽  
Government Organizations

Electronic government is developing throughout Europe. Increasingly, central, regional, and local governments use ICT applications to perform their tasks. In the 1970s and 1980s, computers were mainly used to perform administrative tasks (including word processing). In the 1990s, juridical expert systems were introduced within government organizations: software programs which can solve juridical problems, either without any human interference or with limited human interference, by means of a reasoning mechanism and a “knowledge database” (Groothuis, 2004). Furthermore, government agencies started to use new ICT applications such as the Internet and e-mail to communicate electronically with citizens. This article examines the juridical aspects of automatic decision making and electronic communication by government agencies in The Netherlands and addresses the following questions: 1. What is the legal framework for automatic decision-making by government agencies in The Netherlands? 2. What is the juridical quality of decisions made by expert systems in practice? 3. What is the legal framework for electronic communication between government agencies and citizens in The Netherlands? 4. To what extent does electronic government exist in The Netherlands and what are its prospects for the period 2005-2007?

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