Improving methods for evaluating the results of digitizing public corporations

The list, nature, and directions in changing the business processes of public corporations due to digital transformation have been determined. The main digital technologies that are used by public corporations operating in the basic sectors of the national economy were grouped. It has been proven that one of the most important criteria for digital transformation is the level of information transparency. A morphological matrix of digital transformation of public corporations has been built and the positions of the latter in the process under study have been determined. Based on the results of the matrix assessment, it was concluded that the most attention is attracted by the digitalization processes in corporations-outsiders. This is because this position is characterized by a high level of digital maturity but a low level of transparency. To ensure a high level of transparency, it seems appropriate for these companies to introduce new digital technologies. This paper analyzes those endogenous and exogenous factors that promote or block the process of introducing digital technologies in public corporations. It was found that at the level of public corporations, there are significant resource constraints, which are manifested in the lack of funds for the introduction of digital technologies. Another significant obstacle is the psychological barriers associated with the unwillingness to use digital technologies in the work process. The generalization of the efficiency indicators of business processes and criteria for factor conditions of digital transformation has made it possible to identify the main components of the system model of digitalization of public corporations. Considering the above, an authentic system model of digitalization of the public corporate sector is proposed. It seems appropriate to use the model to determine the effect of the introduction of digital technologies in the public corporate sector.

Infrastructure development and economic complexity in South Africa Running title: Can infrastructure development influence economic complexity?

South African economy comprises of a narrow range of exports and an over-dependence on the primary production. These challenges hindered the growth and development of the country as well as the continent. One of the ways to enhance growth and development is through the improvement of economic complexity which measures productive capabilities of sophisticated products that countries export. The study seeks to find the role of investing in infrastructure development has on economic complexity using South African data. The autoregressive distributive lag approach was employed using yearly data spanning from 1960 to 2018. Results indicate that investing in government economic infrastructure has a negative and robust impact on economic complexity. Investment on government social infrastructure and public corporations’ infrastructure can positively influence economic complexity. It can be recommended that there should be policies to support industrial development that targeted incentivising economic infrastructure development. The development should prioritize specific geographical areas such as special economic zones to improve the lives of citizens, boost the economy, attract foreign direct investment and create jobs.

Relationship between Leadership Quality and Service Innovation in Public Organizations: A Conceptual Framework

Indonesia’s public services are constantly being criticized for not proficiently attending to societal needs, despite government rules and guidelines. The regulation on regional innovation specified direction on services in the form of local governance, public support, and/or other inventions by governmental aff airs within jurisdiction. Furthermore, local governments are mandated to deliver maximum satisfaction with allotted incentives by way of rating public service innovations. However, in reality, several complaints continue to emerge, therefore, intense and prompt interventions are required, with strict considerations capable of enhancing public service innovations. Based on these challenges, the authors attempt to elaborate and analyze the leadership quality and the accompanying impact on service innovation, both directly and indirectly through motivation and team performance in public organizations. The purpose of this paper is to provide information on factors with potentials to improve service innovation, particularly in public corporations.

The impact of the corporate governance quality on the dividend policy of companies in the BRICS countries

The article presents the results of a study aimed at determining the nature of the influence of the quality of corporate governance on the dividend policy pursued by companies in the BRICS countries. This relationship is determined based on empirical research on a sample of 122 large public corporations of the BRICS countries (based on 610 observations) for the period from 2015 to 2019. The study uses Tobit, random effects, fixed effects, and OLS. The results of this study show that the quality of corporate governance significantly negatively correlates with dividend payments of companies. This means that companies in the BRICS countries adhere to the dividend substitution model (proposed by La Porta), or, in other words, compensate for the poor quality of corporate governance with high dividend payments. Taking into account the results of the study, in the final part of the article, the main methods of improving the quality of corporate governance are proposed, which can contribute to increasing the value of companies in the BRICS countries.

The relationship between the level of a corporation’s public disclosure of its managerial values and its level of organizational authenticity

Purpose This study aims to explore if corporations that publicly disclose more information about their managerial values are also more organizationally authentic in enacting these values. Design/methodology/approach A maturity model of managerial values is used that ordinally ranks a corporation’s level of managerial values enactment using corporate annual reports. The samples of corporations’ corporate reports are qualitatively content analyzed, and the outcomes are statistically tested. Findings The findings indicate that as an organization voluntarily discloses more information about its corporate values, it tends to be more likely to enact their espoused values, and their corporation’s level of organizational authenticity increases. Originality/value This study suggests an approach to benchmark a corporation’s level of organizational authenticity using public information, and by doing so, contributes to both policy and practice by offering a framework to compare organizational authenticity between public corporations by their sector, size or the age of the corporation.

Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century

Thomas Piketty’s blockbuster Capital in the Twenty-First Century was followed by the publication of Capital and Ideology in early 2020. This paper looks at the differences between the two books, and provides an analysis and a critique of the main advances in the new book. First, Piketty drops r>g as an explanation for rising inequality. Instead, inequality is generated and constrained by economic power supported by an ideology. Second, there is a focus on the political consequences of inequality, including the rise of right-wing populism and the election of people like Donald Trump. Third, there is a new policy proposal-changes in corporate governance that gives labor and government seats on the Board of Directors of public corporations.