Financial Needs for a Competitive Business Model in the Knowledge Society

2010 ◽  
Vol 1 (4) ◽  
pp. 69-79 ◽  
Author(s):  
David Castillo-Merino ◽  
Dolors Plana-Erta
Keyword(s):  
Business Model ◽  
Financial Constraints ◽  
Knowledge Society ◽  
Financial Structure ◽  
Original Data ◽  
Investment Model ◽  
Data Set ◽  
Innovative Firms ◽  
The Relationship ◽  
Over Time

This paper investigates the constraints for companies to innovate in order to be competitive in the knowledge society. Using a large and original data set of Catalan firms, the authors have conducted a micro econometric analysis following Henry et al.’s (1999) investment model and von Kalckreuth (2004) methodology empirically contrasting the relationship between firms’ investment spread over time and their financial structure. Results show that it exits a positive and significant relationship between firms’ investment shift and financial structure, emerging financial constraints for more innovative firms. Furthermore, these constraints are higher for micro companies and firms within the knowledge-advanced services’ industry. Finally, the authors find that advanced ICT uses by more innovative firms allow them to reduce constraints of access to sources of finance.

The predictive value of strategic orientation for ESG performance over time

2020 ◽  
Vol 20 (1) ◽  
pp. 123-142 ◽  
Author(s):  
Nicolas Chevrollier ◽  
Jianhong Zhang ◽  
Thijs van Leeuwen ◽  
André Nijhof
Keyword(s):  
Business Strategy ◽  
Fixed Effect Model ◽  
Strategic Orientation ◽  
Set Covering ◽  
Data Set ◽  
Content Type ◽  
Publicly Traded Companies ◽  
Strategic Orientations ◽  
The Relationship ◽  
Over Time

Purpose Despite the scholarly attention for the integration of sustainability within business strategy and processes, little is known about how strategic orientations of companies influence this integration. Drawing on stewardship theory, this paper aims to analyse the influence of strategic orientation of companies on their environmental, social and corporate governance (ESG) performance and the moderating effect of three different political models of economy (Rhine, British and American). Design/methodology/approach This paper creates a measurement for strategic orientations by using a coding scheme with a five-category evaluation matrix. The main empirical analysis is done by a fixed-effect model with a panel data set covering 179 publicly traded companies over the 2009-2016 period. Findings The conclusions of this paper present that – consistent over time – a stronger orientation on stewardship positively associates with higher ESG performance. Additionally, the political model of economy significantly alters the relationship indicating the effect of strategic orientation on ESG performance. The relationship is significantly stronger in the Rhine model and significantly weaker in the British model, when both compared to the American model. Originality/value The implications of this paper are vital to understanding corporate strategic orientation and its relationship to actual corporate behaviour and long-term performance. Implementing the elements of focus, motivation, commitment, support and communication linked to a stewardship orientation is fundamental to achieve higher levels of sustainability performance.

Higher Education Graduate Outcomes and Destinations

Education ◽  
2020 ◽  
Author(s):  
Edith Braun ◽  
Julia-Carolin Osada ◽  
Kristina Walz
Keyword(s):  
Higher Education ◽  
Positive Impact ◽  
Knowledge Society ◽  
International Comparisons ◽  
Future Research ◽  
Access To Higher Education ◽  
Data Set ◽  
Direct Measurements ◽  
Research Initiatives ◽  
The Relationship

Research in higher education graduate outcomes is a somewhat up-and-coming area of scientific interest. Since the new millennium, research has focused on examining the relationship between higher education, society, and the world, and on higher education as a response to demographic change and the demands of the knowledge society. During the last years, some scientists have concentrated on making international comparisons. Because there are not many international surveys, however, most employ the same data set. Research conducted with direct measurements of outcomes that go beyond self-reports based on questionnaires is rare. This article begins with an overview of international research initiatives. It then categorizes research as outcomes of higher education. There is a lot of conceptual research on frameworks of assessing learning outcomes, and outcomes are understood as learnable skills. Furthermore, outcomes of higher education can also be individual and societal returns. Next, this article presents results of research on higher education graduates’ destinations in terms of transitions and demands. Publications on transitions include the process of transitions as well as travel or study abroad that takes place during higher education. Investigations on professional demands include research on graduates ability to meet the requirements of the labor market as well as on graduates’ employability. All publications have in common the understanding of outcomes as benefits acquired through higher education. There is an impressive amount of evidence from different countries and regions that suggests that higher education has a positive impact on individual, societal, and economic outcomes. Because of its obvious advantages, more people than ever want access to higher education. We identified research mainly from Europe and North America. However, research on higher education has clearly made major headway worldwide; and publications, especially from less visible countries, are expected to contribute to future research on outcomes and destinations of higher education.

scholarly journals The Genealogy of Law

2012 ◽  
Vol 20 (3) ◽  
pp. 329-350 ◽  
Author(s):  
Tom S. Clark ◽  
Benjamin E. Lauderdale
Keyword(s):  
Judicial Politics ◽  
Original Data ◽  
Court Decisions ◽  
Family Tree ◽  
Data Set ◽  
Doctrinal Development ◽  
Statistical Assumptions ◽  
The Relationship ◽  
Development And Evolution ◽  
Theoretical Conceptualization

Many theories of judicial politics have at their core the concepts of legal significance, doctrinal development and evolution, and the dynamics of precedent. Despite rigorous theoretical conceptualization, these concepts remain empirically elusive. We propose the use of a genealogical model (or “family tree”) to describe the Court's construction of precedent over time. We describe statistical assumptions that allow us to estimate this kind of structure using an original data set of citation counts between Supreme Court majority opinions. The genealogical model of doctrinal development provides a parsimonious description of the dependencies between opinions, while generating measures of legal significance and other related quantities. We employ these measures to evaluate the robustness of a recent finding concerning the relationship between ideological homogeneity within majority coalitions and the legal impact of Court decisions.

scholarly journals Election proximity and representation focus in party-constrained environments

2017 ◽  
Vol 24 (6) ◽  
pp. 674-685 ◽  
Author(s):  
Jorge M. Fernandes ◽  
Cristina Leston-Bandeira ◽  
Carsten Schwemmer
Keyword(s):  
Institutional Context ◽  
Original Data ◽  
Legislative Behavior ◽  
Data Set ◽  
Party Size ◽  
Parliamentary Democracies ◽  
Constrained Environments ◽  
Written Questions ◽  
Elected Representatives ◽  
Over Time

Do elected representatives have a time-constant representation focus or do they adapt their focus depending on election proximity? In this article, we examine these overlooked theoretical and empirical puzzles by looking at how reelection-seeking actors adapt their legislative behavior according to the electoral cycle. In parliamentary democracies, representatives need to serve two competing principals: their party and their district. Our analysis hinges on how representatives make a strategic use of parliamentary written questions in a highly party-constrained institutional context to heighten their reselection and reelection prospects. Using an original data set of over 32,000 parliamentary questions tabled by Portuguese representatives from 2005 to 2015, we examine how time interacts with two key explanatory elements: electoral vulnerability and party size. Results show that representation focus is not static over time and, in addition, that electoral vulnerability and party size shape strategic use of parliamentary questions.

How small-medium enterprises leverage intangibles during recessions. Evidence from the Italian clothing industry

2014 ◽  
Vol 52 (8) ◽  
pp. 1491-1515 ◽  
Author(s):  
Marco Cucculelli ◽  
Cristina Bettinelli ◽  
Angelo Renoldi
Keyword(s):  
Business Model ◽  
Market Share ◽  
Business Models ◽  
Additional Data ◽  
Data Set ◽  
Content Type ◽  
Contingent Factor ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Relationship

Purpose – The purpose of this paper is to focus on how investments in research and development (R&D) and advertising affect the performance of small- and medium-sized enterprises (SMEs) during recessions. Design/methodology/approach – Contingency theory is applied to a data set of 376 Italian clothing SMEs during the period 2000-2010 to test whether investment in R&D and advertising impacts financial performance differently when contingent factors (such as market share, financial leverage and business model change) are taken into account. Findings – Empirical results confirm that market share and leverage moderate the effects of investments in R&D and advertising (i.e. intangibles) on performance, and also that changes in business models are an important contingent factor that explains performance. Specifically, the paper ascertains that a novelty-centered business model, together with investments in intangibles, positively affects performance during recessions. Originality/value – This study offers an input to the debate on how SMEs develop and sustain their competitive advantage during the recession. It contributes to existent theory by showing whether and how contingencies, such as a firm's market share and leverage, moderate the relationship between performance and investments in R&D and advertising in SMEs. Second, it addresses the call for additional data “about the strategic effects of business models and how they influence the positioning of firms in their competitive environment” (Amit and Zott, 2008, p. 20) by introducing business model change/innovation as a new contingency factor and by empirically testing its effects on “objective measures of firm performance” (Bock et al., 2012, p. 301).

scholarly journals Inflation and Economic Growth: a Review of The International Literature

2017 ◽  
Vol 20 (3) ◽  
pp. 41-56 ◽  
Author(s):  
Foluso A. Akinsola ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Negative Relationship ◽  
Threshold Level ◽  
Data Set ◽  
Developed Economies ◽  
The Impact ◽  
The Relationship ◽  
Over Time ◽  
Country Specific

This paper surveys the existing literature on the relationship between inflation and economic growth in developed and developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on economic growth varies from country to country and over time. The study also finds that the results from these studies depend on country‑specific characteristics, the data set used, and the methodology employed. On balance, the study finds overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However, there is still much controversy about the specific threshold level of inflation that is appropriate for growth. Most previous studies on this subject just assume a unidirectional causal relationsship between inflation and economic growth. To our knowledge, this may be the first review of its kind to survey, in detail, the existing research on the relationship between inflation and economic growth in developed and developing countries.

scholarly journals The Impact of Financial Structure Towards Performance of Non-Financial Companies Listed on Amman Stock Exchange

2021 ◽  
Vol 20 (1) ◽  
pp. 61-83
Author(s):  
Laith Fouad Alshouha ◽  
◽  
Wan Nur Syahida Wan Ismail ◽  
Mohd Zulkifli Mokhtar ◽  
Nik Mohd Norfadzilah Nik Mohd Rashid ◽  
...  
Keyword(s):  
Firm Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Financial Structure ◽  
Managerial Ownership ◽  
Data Set ◽  
Amman Stock Exchange ◽  
The Impact ◽  
The Relationship

The purpose of the current study was to investigate the relationship between financial structure towards the financial performance of companies listed on Amman stock exchange (ASE) as one of the emerging economies. This paper adopted a panel data set of 88 non-financial companies listed on the ASE over a period of 10 years from 2009 to 2018. According to empirical results that there is significant evidence to support the fact that debt repaying ability (DRAB), managerial ownership (MANOW), and foreign ownership (FOROW) are positively related to firm performance. Otherwise, the findings revealed no evidence to support the impact of the financial structure ability (FSA) towards firm performance. Moreover, the findings support the fact that firm size (SIZ) has a positive impact on firm performance of companies listed on the ASE. On the other hand, (AGE) has a negative impact on firm performance, while (GROWTH) has no impact on firm performance. The current study encourages managers to maintain a good percentage of debt repaying ability and owners to grant shares as managers’ incentives, and also to attract foreign investors. Future studies, should try applying the current study on the financial sector.

Local Improvement Districts as Political Participation Signals

2020 ◽  
pp. 147892992096578
Author(s):  
Dan Ziebarth
Keyword(s):  
New York ◽  
Political Participation ◽  
Voter Turnout ◽  
Socioeconomic Development ◽  
Local Politics ◽  
Original Data ◽  
Data Set ◽  
Local Improvement ◽  
State And Local ◽  
The Relationship

A significant amount of literature has inspected the relationship between public–private partnerships and state and local government. This literature has focused primarily on how these agreements shape financing, economic development, and public policy measures. There is little research, however, on how improvement districts may affect political participation. There are many reasons to believe that these districts may raise levels of political participation, as they deeply affect state and local politics and shape the socioeconomic development of local communities. This article fills this gap in the literature by exploring the relationship between the establishment of local improvement districts and voter participation rates. An original data set is constructed from 18 state assembly districts and 22 local improvement districts in New York City across nine elections between 2002 and 2018, resulting in 198 unique observations across time. Empirical results reflect how the development of improvement districts can serve as signals for rising political participation in surrounding areas, marked by increasing rates of voter turnout across midterm and presidential-year election cycles. These findings are compelling, providing insight into how local organizations designed and sustained through issue ownership and community collaboration have the ability to raise political participation through electoral activity.

Shared amenities’ impacts on condominium resale values

2019 ◽  
Vol 13 (2) ◽  
pp. 281-297 ◽  
Author(s):  
Kayo Tajima
Keyword(s):  
Original Data ◽  
Hedonic Pricing ◽  
Unit Price ◽  
Data Set ◽  
Content Type ◽  
Meeting Room ◽  
Residential Unit ◽  
Hedonic Pricing Method ◽  
The Impact ◽  
Over Time

Purpose This study aims to analyze whether and how condominium shared utilities and facilities (e.g. community spaces), of which buyers assume a share of the ownership upon acquisition of a residential unit, affect the condominium unit price over time. Design/methodology/approach The transaction price of each unit reflects the quality of the residential unit and the properties of the shared facilities. Based on the hedonic pricing method, this study assesses the impact of shared amenities on unit resale prices, using an original data set on condominium unit resale transactions and the status of housing characteristics for both condominium units and condominium buildings. Findings Results show that holding other conditions constant, a meeting room and an external space that can host events increase the unit resale price by approximately 7 and 16 per cent, respectively. Some community amenities such as a meeting room may increase its impact later in the condominium’s lifetime. Research limitations/implications Because of the proprietary nature of data, the analysis focuses on high-end condominium properties in central Tokyo. Although it is difficult to single out the shared amenities’ effects on condominium resale prices from potentially confounding factors, this study partially overcomes this issue by including explanatory geographical variables (e.g. ground heights). Practical implications The results suggest that a shared facility that hosts social interactions among residents significantly affects the resale market value of housing units and that their magnitudes may change over time. Originality/value To the best of the author’s knowledge, this study provides the first empirical evidence of the impacts of shared structures on condominium unit sales using micro-level transaction data in Japan.

Contingent technocracy: bureaucratic independence in developing countries

2016 ◽  
Vol 37 (4) ◽  
pp. 401-429 ◽  
Author(s):  
Manuel P. Teodoro ◽  
M. Anne Pitcher
Keyword(s):  
Developing Countries ◽  
Policy Implementation ◽  
Original Data ◽  
Political Context ◽  
Authoritarian Regimes ◽  
Conventional Wisdom ◽  
The Political ◽  
Data Set ◽  
Established Democracies ◽  
The Relationship

AbstractThis study investigates the effects of formal bureaucratic independence under varying democratic conditions. Conventional accounts predict that greater formal independence of technocratic agencies facilitates policy implementation, but those claims rest on observations of industrialised, high-income countries that are also established democracies. On the basis of research in developing countries, we argue that the effects of agency independence depend on the political context in which the agency operates. Our empirical subjects are privatisation agencies and their efforts to privatise state-owned enterprises in Africa. We predict that greater independence leads to more thorough privatisation under authoritarian regimes, but that the effect of independence declines as a country becomes more democratic. Using an original data set, we examine the relationship between formal agency independence and privatisation in Africa from 1990 to 2007. Our results modify the conventional wisdom on bureaucratic independence and culminate in a more nuanced theory of “contingent technocracy”.

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