scholarly journals Analysis of public - private partnerships in the maritime transport sector

2018 ◽  
Vol 27 (2018) ◽  
pp. 97-102
Author(s):  
Ana Olteanu
Keyword(s):  
Private Sector ◽  
Early Stage ◽  
Local Level ◽  
Business Environment ◽  
Transport Sector ◽  
Good Service ◽  
The Public ◽  
Financial Power ◽  
Term Maintenance

Unlike the traditional method in which the private investor realizes and sells the result of the work, a public-private partnership implies from the private sector quality assurance and long-term maintenance of the good / service. The projects resulting from these partnerships can provide Romania with a healthy and rapid economic development, taking into account the supplementation of the state's financial resources with the private sector, but great attention must be paid to the risks that may arise due to the long term realization and the complexity of such projects. From the public-private partner viewpoint, Romania is at an early stage because at a local level there are no clearly allocated responsibilities and the level of decision making is not known, there is no unitary institutional approach to such projects, in general, most of the risks need to be assumed by the private sector, which also faces a relatively low financial power given that the business environment is not very favorable to investment.

Financial Performance of ECIL, Hyderabad – An Analysis

2013 ◽  
Vol 3 (2) ◽  
Author(s):  
N. Jyothi ◽  
Dr. T. Satyanarayana Chary
Keyword(s):  
Public Sector ◽  
Performance Analysis ◽  
Private Sector ◽  
Financial Performance ◽  
Business Environment ◽  
Present Position ◽  
Short Term ◽  
Comprehensive Manner

Financial performance of individual organizations differ very significantly, however, the performance is distinguishable between public sector companies and private sector companies as their nature and size of investment and business environment is different . The ECIL is a very vast growing company which requires additional funds on a regular basis, whether internal or external. Particularly, the company needs both long term and short-term finances in view of its present position and enormous scope for improvement in the services provided. The present paper is a modest attempt to discuss the financial performance analysis of ECIL, Hyderabad in terms operating profits, capital employed ratios and turnover in a comprehensive manner over a period of 10 years.

Strategi Pemasaran Produk Asuransi Investasi di Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 183-194
Author(s):  
Aida Lasmi ◽  
Nuri Aslami
Keyword(s):  
Qualitative Analysis ◽  
Marketing Strategy ◽  
Good Service ◽  
The Public ◽  
Depth Analysis ◽  
The Right ◽  
Customer Trust ◽  
Strategy Marketing

Today's Indonesian people have a high desire to protect themselves with iberinsurance and even invest while being insured. Insurance has slowly become a necessity for the community as a form of protection and investment in the medium and long term. For investment insurers, a person does not need to manage the purchased policy, it is enough to pay the initial investment premium and then everything is managed by the police issuer, so that it is convenient for the public to use it according to their needs and provisions. The purpose of this research is to find out the implementation of the marketing strategy for investment insurance products at PT AXAi Mandiri Financiali Services (Axa Mandiri) in attracting customers through analyzing the strengths, weaknesses, opportunities and threats faced and simulating premiums on investment insurance products, explaining the qualitative analysis used by the company in depth analysis. The results obtained are that the company iAxa Mandirii increases customer trust by sharpening aspects of its marketing strategy, which begins with identifying the aspects that underlie the preparation of insurance which focuses on investment, determining the brand to be more recognizable by the wider community, a strong personal team, good service, the right choice of products and quality, the right premium, Attractive product packagingii and continuous promotion are the overall strengths applied by Axa Mandiri.  Keywords: strategy, marketing, insurance, investment

Does institutional theory explain integrated reporting adoption of Fortune 500 companies?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Merve Kılıç ◽  
Ali Uyar ◽  
Cemil Kuzey ◽  
Abdullah S. Karaman
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Institutional Theory ◽  
Institutional Environment ◽  
Fortune 500 ◽  
Business Environment ◽  
Integrated Reporting ◽  
Content Type ◽  
The Public ◽  
Fortune 500 Companies

PurposeThe objective of this study is to investigate whether the institutional environment is associated with the adoption of integrated reporting.Design/methodology/approachThe sample of the study is based on the firms included in the list of Fortune Global 500. The logistic regression analysis was run to test the proposed hypotheses.FindingsThe findings indicated that the code-law orientation and strength of the institutional quality are significantly associated (i.e. positively and negatively, respectively) with the integrated reporting of Fortune 500 companies. Firms are motivated for more transparency in stakeholder-oriented and weakly regulated contexts. Thus, stakeholder pressure is more influential than shareholder interest in motivating or forcing firms to issue integrated reports. Besides, there appears to be a trade-off between the public sector and the private sector in terms of ensuring an accountable and transparent business environment. If the public sector does not undertake its role in ensuring a transparent business environment, the private sector fills the gap. The results are robust to alternative sampling and methodologies.Research limitations/implicationsThis study implied that the stakeholder orientation of countries fosters the transparency and accountability of firms. Corporate behavior is impacted by the institutional strength or weakness of nations. The institutional theory provides an appropriate ground to understand drivers of corporate reporting practices of firms beyond firm-level characteristics.Practical implicationsThe adoption of integrated reporting framework by Fortune 500 companies can be leveraged to alleviate concerns about their social and environmental impacts. Policy-makers in the countries which have a weak institutional environment force or encourage their firms to increasingly meet the transparency and accountability demands of society.Social implicationsThe research findings might play an encouraging role in that various stakeholders (i.e. customers, public, civil organizations and press) should undertake active roles and responsibilities to encourage firms to behave in socially and environmentally responsible ways.Originality/valueThis study adds to the literature by examining the influence of the institutional environment on the adoption of integrated reporting, using recent international data, and focusing on the largest companies according to the Fortune's annual Global 500 list. This study is one of the first to examine the association between a set of governance characteristics (i.e. board size, board independence and board diversity) and integrated reporting adoption.

Perspectives for Planning Approaches in Promoting Underground Built Heritage - COST Action Underground4value

2020 ◽  
Author(s):  
Carlos Smaniotto Costa ◽  
Tatiana Ruchinskaya ◽  
Konstantinos Lalenis
Keyword(s):  
Local Level ◽  
Collaborative Relationships ◽  
Cost Action ◽  
The Public ◽  
Built Heritage ◽  
Educational Paradigm ◽  
The One ◽  
The Cost ◽  
Planning Approaches

<p>The COST Action 18110 Underground4value (http://underground4value.eu) aims to advance knowledge on how to guarantee continuity of use and significance of underground historic fabric. It is collecting information, experiences and knowhow to base the development of research and training. The Action focusses on underground regeneration, revitalisation of the public realm and skills development for people concerned with underground heritage.</p><p>This contribution centres the attention of the Working Group on Planning Approaches. It also looks at the role of local authorities, as enablers and facilitators, in coordination, use  and management of underground built heritage. In this framework underground built heritage is considered as a social resource with integrated programmes of physical, economic and social measures, backed by strategic stakeholder dialogue.</p><p>On the one hand, this contribution discusses the structure and goals of the WG, as it pays attention to the necessary complementarities between functional approaches – at the level of regions and city – and social and cultural approaches involving citizens’ engagement and empowerment – at the local level. This WG aims to provide a reflection on sustainable approaches to preserve the underground built heritage and, at the same time, to unfold the case by case approach for potential use of underground space. On the other hand, to achieve its objectives the WG on Planning Approaches is setting together potentials and constraints in the efforts to make better use of underground heritage. This contribution, therefore, sheds lights on the preliminary results of the WG. It is centred on the learned lessons, challenges and barriers - from a planning science perspective - that experts met in their efforts to tackle Underground Built Heritage. Achieving this goal makes the call for an educational paradigm shift - as the Action is not only interested in compiling the results, rather on experiences that can be analysed and learned. This requires a dynamic understanding of knowledge, abilities and skills, towards creating more effective coalitions of ‘actors’ within localities, by developing structures, which encourage long term collaborative relationships. Enabled by the gained knowledge, the WG will define the best tailored ways to forward this knowledge for planners and decision-makers.</p>

scholarly journals Initiative for Promoting Affordable and Quality Tuberculosis Tests (IPAQT): a market-shaping intervention in India

2019 ◽  
Vol 4 (6) ◽  
pp. e001539 ◽  
Author(s):  
Harkesh Dabas ◽  
Sarang Deo ◽  
Manisha Sabharwal ◽  
Arnab Pal ◽  
Sachin Salim ◽  
...  
Keyword(s):  
Private Sector ◽  
Cost Effective ◽  
Fold Increase ◽  
High Volume ◽  
High Price ◽  
Non Profit ◽  
The Public ◽  
Marketing Activities ◽  
Market Shaping

A majority of patients with tuberculosis (TB) in India are diagnosed and treated in the private sector. Yet, most private providers do not use most recent WHO-endorsed microbiological tests such as liquid cultures, line probe assays and Xpert MTB/RIF due to a combination of factors such as lack of awareness, misaligned incentives and high prices that are unaffordable for patients. We designed a market-based approach to transform a high-price, low-volume market equilibrium into a low-price, high-volume equilibrium to improve the uptake of these tests. Toward this end, a non-profit consortium of private laboratories, called Initiative for Promoting Affordable and Quality Tuberculosis Tests (IPAQT) was formed in India in March 2013. It negotiated lower pricing on equipment and reagents with manufacturers, closer to that offered to the public sector. In return, IPAQT assured that this discount was passed on to patients, who typically paid for these tests out of their pockets, through an informally agreed on retail ceiling price. IPAQT also invested in demand generation activities that complemented the supply-side effort. IPAQT membership grew from 56 laboratories in 2013 to 211 in 2018. During this period, the initiative resulted in a 10-fold increase in the uptake of Xpert and a 30%–50% reduction in price. This initiative is planned to be expanded to other South Asian countries with similar TB epidemic and private market structure and dynamics. However, long-term sustainability of the initiative would require developing more cost-effective marketing activities and integration with broader private sector engagement agenda of the national TB programme.

Preservation of Recorded Information in Public and Private Sector Organizations

2019 ◽  
pp. 1537-1555
Author(s):  
Nathan Mwakoshi Mnjama
Keyword(s):  
Private Sector ◽  
Good Governance ◽  
Electronic Records ◽  
Public And Private ◽  
The Public ◽  
Organizational Resource ◽  
Private Sector Organizations ◽  
Public And Private Sector ◽  
Long Term Preservation

The long-term preservation and accessibility of business records is often not accorded the attention that it deserves. Yet, records are a major organizational resource needed to support the current business of the organization as well as retaining the verifiable evidence of an organization's past programmes and activities. Records also serve as tools of accountability, transparency and good governance and provide reliable evidence in organizations' transactions and activities. The long-term preservation of records ensures that the organization is protected against costly litigation and that its interests and those of its employees are protected. This chapter lays emphasis on the need to preserve organizational records, the challenges facing preservation activities in the public and private sector organizations, the challenges of managing and preserving electronic records and proposes strategies for addressing these challenges.

Financing the Sustainable Development Agenda Goals

2020 ◽  
pp. 57-71
Author(s):  
Bernardo Ivo-Cruz ◽  
Sónia Ribeiro
Keyword(s):  
Sustainable Development ◽  
Private Sector ◽  
Risk Mitigation ◽  
Banking System ◽  
Business Environment ◽  
International Community ◽  
Future Research ◽  
The Sustainable Development ◽  
Development Agenda

The 2030 Agenda is comprehensive, universal, and ambitious. To reach its goals, the world needs to invest US$5 to 7 trillion/year. To finance it, the private sector must be involved. This chapter considers the motivations of business and corporations to incorporate the SDG in their investment agenda and the role DFIs can play in providing financing to their projects. It acknowledges that the private sector is a key element for long-term sustainable development and highlights the difficulties of DFI in assessing impact in risk analysis and therefore financing private investments for sustainable development. Finally, it finds that the international community and developing countries need to work together to improve the business environment on those countries, and concludes that the international community and the banking system do not know how to assess the role and impact of business and corporations projects in the agenda, and that the risk mitigation policy does not consider the nature of DFIs. Looking into the future, the authors present future research topics needed on this subject.

scholarly journals Public-Private Partnerships In Spain: Lessons And Opportunities

2011 ◽  
Vol 7 (2) ◽  
Author(s):  
Gayle Allard ◽  
Amanda Trabant
Keyword(s):  
United Kingdom ◽  
Private Sector ◽  
Public Private Partnerships ◽  
Transport Sector ◽  
Third Way ◽  
Public And Private ◽  
The Public ◽  
The United Kingdom ◽  
History Of ◽  
Public And Private Sector

Public-Private Partnerships (PPP), a marriage between public- and private-sector activity, have been employed for almost two decades as a third way to optimize the use of public funds and boost the quality of services traditionally provided by the public sector. Their use has spread from the United Kingdom to Europe and beyond, and has expanded from the transport sector to innovative projects in health, education and others. In Spain, successive governments have seized on PPPs as a solution to budget constraints at a time of dwindling EU aid and stricter fiscal targets. As a result, the use of PPPs at all levels of government has exploded since 2003 and most recently culminated in a major infrastructure plan which relies on the private sector for 40% of its total investment. Undoubtedly, this trend will bring benefits to the Spanish population in terms of more abundant, lower-cost and higher-quality services. However, there are risks implicit in the way PPP is unfolding in Spain that could limit and even undo these benefits unless steps are taken to coordinate, monitor and follow up public-private projects and to communicate their virtues to the public. Spain presents an interesting paradox in the history of PPP. While it is one of Europes oldest, most active and most enthusiastic users of PPP, it is at the same time one of the countries that has demonstrated least interest at an official level in informing, monitoring, regulating and following up projects to ensure that their deepest benefits are being achieved. Relying on PPP only for private financing entails a risk that the benefits of PPP will not be realized and public services will actually become more expensive and less satisfactory over the medium and long term. The Spanish government is advised to take steps similar to those taken in the United Kingdom, to ensure that PPP is managed correctly and hence becomes an asset and not a liability to Spanish citizens.

scholarly journals CFD 3D Analysis of Charge Motion and Combustion in a Spark-Ignition Internal Combustion Engine under Close-to-Idle Condition

2020 ◽  
Vol 197 ◽  
pp. 06011
Author(s):  
Roberto Bozza ◽  
Vincenzo De Bellis ◽  
Stefano Fantoni ◽  
Donato Colangelo
Keyword(s):  
Combustion Engine ◽  
Early Stage ◽  
Local Level ◽  
Combustion Process ◽  
Spark Ignition ◽  
Operating Conditions ◽  
Transport Sector ◽  
3D Analysis ◽  
Charge Motion ◽  
Throttle Valve

The increasingly stringent limitations on noxious missions of transport sector highly affect the development of new engines. The operating conditions of the engine at low-load and idle play a relevant role along the regulatory homologation cycles, contributing to overall emissions. In this work, the effectiveness of some solutions to improve the behaviour under close-to-idle operation of a Spark-Ignition motorcycle engine are compared by 3D CFD analyses. Specifically, the effects of two designs of the intake port and of the opening direction of the throttle valve, either clockwise or counterclockwise, are investigated. Multi-cycle simulations are carried out, under motored and fired conditions, for a single close-to-idle operating point. The various designs are compared in terms of capability to generate a stable tumble vortex during the intake phase and to produce an adequate turbulence level at the beginning of the combustion process. The analyses revealed that a clockwise throttle opening can produce enhanced turbulence levels at the end of the compression stroke, especially in a close-to-spark region (increase of about 5% and 27 % at the TDC at a global and local level, respectively, compared to the base configuration). Additional limited improvements are obtained with the high tumbling design, where, however, a penalty on the maximum power output could emerge. The flow and turbulence motion differences among the tested geometries reflect on combustion development in its early stage, and on its degree of completeness at the exhaust valve opening. A clockwise opening of the throttle valve leads to an increase of the mass fraction burned of 5 percent points, compared to the base configuration.

scholarly journals Presenting a Conceptual Model to Explain the Role of Strategic Management and Planning in Islamic Banking Competitiveness

2014 ◽  
Vol 37 ◽  
pp. 46-56
Author(s):  
Seyed Reza Seyed-Javadin ◽  
Reza Raei ◽  
Mohammad Javad Iravani ◽  
Mohammad Safari
Keyword(s):  
Strategic Management ◽  
Financial Services ◽  
Local Level ◽  
Banking System ◽  
Business Environment ◽  
Superior Performance ◽  
Islamic Banking ◽  
And Control

Financial system is the heart of any economy. To superior performance in the national and local level it is essential to have an efficient and convenient banking system. What this study aimed to discuss is that strategic management principles, content and benefits should be considered in order to achieve a higher successfulness in the Islamic banking planning, implementation and control. In today financial services market lack of strategic and long term visions and planning is one of the challenges and problems related to the Islamic banking. Thus this paper aimed at present the theoretical framework to illustrate the key role of strategic management and planning in the Islamic banking successful management and implementation. In order to present the framework this study using qualitative method, based on the detailed literature review and previous researches according to the identified models of both strategic management and competitive advantage final theoretical model has been provided. Strategic management with its unique features is primary designed to help the organization operate successfully in dynamic, complex environment especially in the financial and banking markets. Strategic management links the basic elements of an organization so integrated that breakthrough in turbulent business environment can be achieved.

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