scholarly journals Participation of firms in the skills development levy system

2004 ◽  
Vol 7 (2) ◽  
pp. 242-257
Author(s):  
GJ Lee
Keyword(s):  
Developing Economies ◽  
Prima Facie ◽  
Policy Implications ◽  
Economic Conditions ◽  
Skills Development ◽  
Incentive Systems ◽  
Bottom Line ◽  
Participation Level ◽  
Lévy System ◽  
The Impact

Skills development levies are increasingly being utilised to increase enterprise provided training in developing economies. South Africa is one such example. The impact of such incentive systems on the bottom-line of firms is a vital consideration in such programs. Particularly important are the economic conditions under which the incentive will stimulate participation by organisations. The transaction costs of participation must be taken into account: while a levy-grant system clearly creates a prima-facie incentive, it may be prohibitively expensive for some firms to enter the grant disbursement systems. Accordingly, through a simple model of the incentives for firms, the participation level of the firm under various types of levy systems is assessed. Non-monetary considerations are also considered. The implications for participation by firms, along with managerial and policy implications, are discussed. 

Sustainability and competitive advantage from a developing economy

2016 ◽  
Vol 7 (1) ◽  
pp. 110-125 ◽  
Author(s):  
Amoako Kwarteng ◽  
Samuel Ato Dadzie ◽  
Samuel Famiyeh
Keyword(s):  
Competitive Advantage ◽  
Corporate Performance ◽  
Positive Impact ◽  
Manufacturing Firms ◽  
Corporate Image ◽  
Partial Least Square ◽  
Policy Implications ◽  
Bottom Line ◽  
Content Type ◽  
The Impact

Purpose The purpose of this study is to empirically examine the impact of sustainability as measured by the triple bottom line constructs on the competitive advantage of manufacturing firms in Ghana. Design/methodology/approach To understand the impact of sustainability on competitive advantage, a survey was conducted where managers were asked about their engagement in the sustainability issues and how it affects their competitive advantage. The study uses the structural equation modelling (SEM) and, in particular, the partial least square (PLS) approaches to SEM. Findings The results of this study indicate that economic and social have a positive impact on the corporate image but not the environment. In addition, corporate image and social have positive impact on corporate performance, whilst economic and environment seem not to have any impact on corporate performance. Research limitations/implications The study is limited to only manufacturing firms operating in the Ghanaian environment. It is important, therefore, for firms in Ghana to invest in social sustainability initiatives, as it will ultimately affect their bottom line performance. This study provides policy implications to Ghana and other developing countries to implement the necessary policies and provide incentives to improve environmental awareness. Originality/value There have been just a few studies that tried to find out the impact of sustainability constructs and performance and how corporate image mediates this relationship.

scholarly journals Unveiling the Nexus between Access to Electricity, Firm Size and SME’s Performance in Bangladesh: New Evidence Using PSM

Energies ◽  
2021 ◽  
Vol 14 (20) ◽  
pp. 6493
Author(s):  
Mohammad Abir Shahid Chowdhury ◽  
Shuai Chuanmin ◽  
Marcela Sokolová ◽  
ABM Munibur Rahman ◽  
Ahsan Akbar ◽  
...  
Keyword(s):  
Firm Performance ◽  
Labor Productivity ◽  
Firm Size ◽  
Developing Economies ◽  
Positive Impact ◽  
Negative Relationship ◽  
Policy Implications ◽  
Renewable Energy Resources ◽  
Electricity Access ◽  
The Impact

Uninterrupted availability of energy and power resources is essential for the productivity and smooth functioning of an enterprise. However, constrained by financial resources, smaller firms in developing economies face a plethora of challenges concerning the access to electricity. However, less attention has been paid in the extant literature to explore this phenomenon. The present study investigates the impact of access to electricity on labor productivity in Bangladesh in the presence of electricity constraints, electricity obstacles, and SME firm size. It employs the OLS regression and propensity score matching (PSM) technique for treatment effect to deal with the selection bias and endogeneity issue using the World Bank Enterprise Survey’s cross-sectional firm-level data for 3196 sample firms over the period of 2007–2013. The results provide evidence in support of SMEs’ labor productivity in response to electricity access. Lack of electricity access was partially found to affect SMEs’ labor productivity significantly negatively. Further, the results show a positive impact of firm size on firm performance. However, results from this model appear that constrained SMEs’ access to electricity has a negative relationship with firm performance. The article then suggests several policy implications on changing government regulations regarding the efficient use of renewable energy resources to enhance electricity generation for optimized SME performance and sustainable economic development in Bangladesh.

scholarly journals Determinants of Foreign Direct Investment in Developed and Developing Countries: Impact of Political Stability

2021 ◽  
Vol 17 (4) ◽  
pp. 1390-1404
Author(s):  
R.I. Vasilyeva ◽  
◽  
O.S. Mariev ◽  
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Developing Economies ◽  
Political Stability ◽  
Policy Implications ◽  
Likelihood Method ◽  
Developed Economies ◽  
Development Level ◽  
The Impact

Stable political environment and prominent development of political institutions increase foreign direct investment flows by providing lower risks for investors. However, this impact can vary according to the development of the country. This study aims to investigate the impact of various indicators of political stability on foreign direct investment attraction for different economies distinguished by their development level. Our database includes 66 FDI-recipient countries and 98 FDI-investing countries for the period from 2001 to 2018. By applying the gravity approach and Poisson Pseudo Maximum Likelihood method with instrumental variables (IV PPML), we model bilateral FDI flows, incorporating variables reflecting various aspects of political stability formed by the principal components analysis. Interestingly, we found mixed results regarding the impact of political stability on FDI flows. In particular, political stability indicators were found to be insignificant, when analysing the bilateral FDI flows for the group of developed economies. We obtained similar result for the group of developing economies. However, political stability variables significantly influence FDI flows for countries with different development level, confirming the hypothesis that countries’ development affects bilateral FDI flows. Besides, we discover the significant difference between developed and developing countries referring to FDI-investors. Based on the obtained results, we highlight a few policy implications for developing and developed economies.

Supplier selection for a sustainable supply chain

2017 ◽  
Vol 24 (7) ◽  
pp. 1956-1976 ◽  
Author(s):  
Mohd. Nishat Faisal ◽  
Bader Al-Esmael ◽  
Khurram Jahangir Sharif
Keyword(s):  
Supplier Selection ◽  
Developing Economies ◽  
Feedback Effect ◽  
Three Dimensions ◽  
Optimal Decision ◽  
Sustainable Supply Chain ◽  
Bottom Line ◽  
Content Type ◽  
Selection Decision ◽  
The Impact

Purpose The purpose of this paper is to integrate the “triple bottom line (3BL)” approach in the supplier selection decision. It also aims to consider the feedback effect of the decision on strategic factors that determine the future viability of the firm in the market. Design/methodology/approach A multi-criteria decision model is developed that considers simultaneously the impact of three dimensions of 3BL approach and their sub-dimensions on the supplier selection decision. The proposed model is evaluated for a large white goods manufacturer using the analytic network process (ANP) approach. Findings The ANP considers the impact of variables, sub-variables, and their interdependencies simultaneously. The outcome of the model is the relative priorities for the firms considered as potential suppliers. Practical implications This research was conducted in one of the largest developing economies. The impact of integrating sustainability would be widespread due to the huge market in which the company operates. The results of this research can provide support to the decision makers in arriving at an optimal decision considering all sustainability dimensions. Originality/value The novelty of the approach lies in the application of multi-criteria model integrating sustainability dimensions with a feedback effect for supplier selection. The case company would benefit by showing its commitment toward environment and social responsibility leading to improved brand image and sustainable business.

scholarly journals THE IMPACT OF LENDING TO NON-FINANCIAL CORPORATIONS ON ECONOMIC GROWTH

2021 ◽  
Vol 2 ◽  
pp. 111-115
Author(s):  
Rogneda Vasilyeva ◽  
Oleg Turygin ◽  
Olga Ie ◽  
Maria Kozlova
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Emerging Markets ◽  
Interest Rates ◽  
Developing Economies ◽  
Policy Implications ◽  
High Interest Rate ◽  
High Interest ◽  
Economic Growth Rates ◽  
The Impact

Acceleration of economic growth, especially in modern conditions, requires the use of stimulating measures of fiscal and monetary policy. Measures to stimulate economic growth should also maintain macroeconomic stability. Many emerging markets and developing economies are pursuing high interest rate policies to curb inflation, but this leads to a reduction in lending to non-financial corporations and to economic growth rates decline. The goal of the study is to show that pursuing high interest rates policy is insufficient. We tested several hypotheses: first, we assume that an increase in lending to non-financial corporations stimulates economic growth. Our second hypothesis, in contrast, suggests that increasing interest rates on loans dampen economic growth. Third, we assume that inflation has no significant effect on economic growth. Forth, we consider that lending to non-financial corporations does not spur inflation. We empirically assess the data for 13 countries related to emerging markets during 2001–2020. The results of the research confirmed all the hypotheses. The monetary policy of maintaining high interest rates used by many developing countries leads to low lending to non-financial corporations and reduced economic growth. We propose several policy implications aimed at stimulating the lending to non-financial corporations and scarce inflation.

scholarly journals Corporate Social Responsibility and Firm Value in the Sport Recreation Sector: A Review

2015 ◽  
Vol 6 (2) ◽  
pp. 28 ◽  
Author(s):  
Panagiotis E. Dimitropoulos ◽  
Ourania Vrondou
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Policy Implications ◽  
Bottom Line ◽  
Product Service ◽  
Strategic Issue ◽  
Key Dimensions ◽  
Corporate Social ◽  
The Impact

<p>Corporate Social Responsibility (CSR) has evolved as a significant strategic issue for modern corporations and received increased attention by researchers internationally. The scope of this study is to present a comprehensive review of the studies examining the impact of certain dimensions of corporate social responsibility (CSR) on the value of firms operating within the idiosyncratic sport recreation sector. The paper identifies four key dimensions of CSR that sport recreation firms must target in order to improve their image, community connections and bottom line financial numbers. These dimensions are the connections with the local communities, the protection of natural environment, their product-service quality and their employee’s satisfaction and retention. The improvement or significant involvement on behalf of sport recreation firms within these sectors can provide significant competitive advantages and enhance corporate value. Useful policy implications are also provided within the paper. </p>

scholarly journals The Impact of Trade on Environmental Quality: A Business Ethics Perspective and Evidence from China

2019 ◽  
Vol 3 (4) ◽  
pp. 43-48 ◽  
Author(s):  
Shuquan He
Keyword(s):  
Business Ethics ◽  
Trade Liberalization ◽  
Environmental Quality ◽  
Developing Economies ◽  
Policy Implications ◽  
Panel Regression ◽  
Trade And Environment ◽  
Positive Effects ◽  
The Impact ◽  
Environment Performance

This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of the environmental impact of trade liberalization in the business ethics perspective. The main purpose of the research is to estimate different effects of trade on environment performance, namely the scale effect, technique effect, and trade-induced composition effects. Systematization literary sources and approaches for solving the problem of trade and environment indicate that they ignored country-specific factors and different economic development stages. The relevance of the decision of this scientific problem is that the research will provide profound insights on the impact of freer trade on the environment. Investigation of trade and environment performance in this paper is carried out in the following logical sequence: literature review, model specification, empirical estimation, and discussion. Methodological tools of the research are panel regression of data at the provincial level over the time period from 1997 to 2008. The object of research is China because China has experiences of fast development in trade. The paper presents the results of an empirical analysis by panel regression techniques for the estimation, which shows that trade itself has significantly positive effects on the environment. The research empirically confirms and theoretically proves that the impacts of trade liberalization on environment performance differ from pollutant to pollutant, and it rather depends upon the specific indicator in question. The results of the research can be useful for a number of policy implications for China as well as other developing economies in terms of business ethics. Keywords: trade liberalization, China, environmental quality, business ethics.

scholarly journals The determinants of Covid-19 mortality rates across Europe

REGION ◽  
2021 ◽  
Vol 8 (1) ◽  
pp. 199-219
Author(s):  
Yannis Psycharis ◽  
Cleon Tsimbos ◽  
Georgia Verropoulou ◽  
Leonidas Doukissas
Keyword(s):  
Health Care ◽  
Health Care Systems ◽  
Mortality Rates ◽  
Policy Implications ◽  
Economic Conditions ◽  
Demographic Structure ◽  
Death Rates ◽  
Level Of Economic Development ◽  
Care Systems ◽  
The Impact

The aim of this paper is to examine empirically the impact of the demographic structure and socio-economic environment on the Covid-19 mortality rate across 29 European countries. The analysis is based on empirical data recorded cumulatively from the start of the Covid-19 disease until 26th May 2020 covering ‘the first wave of the pandemic’. Results indicate that, although countries with a higher degree of ageing structure are anticipated to be more vulnerable to Covid-19, this study provides evidence that population ageing contributes only marginally to Covid-19 death rates across Europe. Urbanization, the level of economic development and health care systems, seem to better explain patterns of interstate mortality rates. The analysis provides important policy implications since it underlines the importance of urbanization and socio-economic conditions in the accelerating incidence of casualties and signifies the importance of health care systems for the protection of people and places from the pandemic.    

Infrastructure and economic development in developing economies

2019 ◽  
Vol 46 (4) ◽  
pp. 581-594 ◽  
Author(s):  
Hiep Ngoc Luu ◽  
Ngoc Minh Nguyen ◽  
Hai Hong Ho ◽  
Dao Ngoc Tien
Keyword(s):  
Economic Development ◽  
Developing Economies ◽  
Panel Data Analysis ◽  
Policy Implications ◽  
Infrastructure Development ◽  
Policy Makers ◽  
Content Type ◽  
Government Supervision ◽  
Efficiency And Effectiveness ◽  
The Impact

Purpose The purpose of this paper is to empirically investigate the impact of infrastructure on economic development in developing economies. Design/methodology/approach A panel data analysis approach is utilised to evaluate the influence of various types of infrastructure on economic development in Vietnam over the period 2003–2013. Specifically, this study uses spatial night-light data taken from NASA’s satellite as an alternative proxy for economic development. Findings The analyses indicate that infrastructure enhancement consistently exerts a positive effect on the economy. Upon further investigations of the channels through which infrastructure could affect economic development, the empirical results reveal, in addition, that the developmental impact of infrastructure tends to be stronger if more rigorous government supervision and oversight of the construction and delivery of infrastructure projects are in place to ensure the efficiency and effectiveness of the private sector’s investment in infrastructure facilities. Finally, the interaction of infrastructure with human capital appears to exert an especially important influence upon economic development. Originality/value This study contributes to the debate over whether infrastructure has a real developmental effect in developing countries. Some important policy implications are then drawn from the empirical analysis. As a result, this paper will be of value to other researchers, economists, business leaders and policy-makers attempting to understand the economic benefit of infrastructure development.

scholarly journals The Effects of Tourism on Economic Growth and CO2 Emissions: A Comparison between Developed and Developing Economies

2016 ◽  
Vol 56 (6) ◽  
pp. 712-724 ◽  
Author(s):  
Sudharshan Reddy Paramati ◽  
Md. Samsul Alam ◽  
Ching-Fu Chen
Keyword(s):  
Economic Growth ◽  
Environmental Kuznets Curve ◽  
Developing Economies ◽  
Policy Implications ◽  
Kuznets Curve ◽  
Developed Economies ◽  
Development Level ◽  
Dynamic Relationships ◽  
The Impact

This study empirically examines the dynamic relationships among tourism, economic growth, and CO2 emissions and compares the effects of tourism on economic growth and CO2 emissions between developed and developing economies. By employing robust panel econometric techniques, the results show that tourism has significant positive impacts on economic growth for both developed and developing economies, supporting the prevailing hypothesis of tourism-led economic growth. The results also reveal that the impact of tourism on CO2 emissions is reducing much faster in developed economies than in developing economies, providing evidence of the environmental Kuznets curve (EKC) hypothesis on the link between tourism growth and CO2 emissions. Our findings demonstrate the importance of the classification of countries by economic development level to obtain a deeper understanding of relationships among tourism, economic growth, and CO2 emissions. Policy implications are provided and discussed.

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