Situation of the R&D Sector in Poland in the Face of the Current Crisis

How has the current crisis caused by the COVID-19 pandemic affected R&D and innovation in Poland? Numerous international studies conducted after the Great Depression in 2008–2010 show a strong procyclicality of investments in R&D and innovation in companies: investments rise during the economic upturn and fall sharply during the crisis. This procyclicality is driven within firms both by internal financial resources and by differences in market incentives to innovate. It seems likely that the COVID-19 crisis caused financial weakness for many actors, having the most significant impact on the willingness or ability of smaller firms to support R&D and innovation. However, where firms are able to sustain these investments, evidence from the crisis a decade ago suggests that they will be more likely to survive, grow more strongly, and have higher profitability. Based on the analysis of the literature and macroeconomic data, this paper presents several recommendations that, if implemented by R&D actors, could help increase the efficiency of operations, even in times of crisis.

Software patents as such: Software patentability in New Zealand under the Patents Bill

<p>This paper examines the patentability of software under the Patents Bill. It attempts to determine how a New Zealand court will interpret the provisions of the Patents Bill that relate to the exclusion of software, and to what extent the “as such” exclusion will apply. It does this by looking at principles of statutory interpretation and the relevant English and European case law on the matter. It concludes that a New Zealand court will interpret the provision in accordance with UK precedent to give it a narrower interpretation than that given in Europe. The paper then examines the consistency of the provisions with the relevant international law before discussing some problems that may arise regarding market incentives and distributed systems. It proposes that the provision strikes an appropriate balance between protection and innovation in line with Parliament’s intent.</p>

Software patents as such: Software patentability in New Zealand under the Patents Bill

<p>This paper examines the patentability of software under the Patents Bill. It attempts to determine how a New Zealand court will interpret the provisions of the Patents Bill that relate to the exclusion of software, and to what extent the “as such” exclusion will apply. It does this by looking at principles of statutory interpretation and the relevant English and European case law on the matter. It concludes that a New Zealand court will interpret the provision in accordance with UK precedent to give it a narrower interpretation than that given in Europe. The paper then examines the consistency of the provisions with the relevant international law before discussing some problems that may arise regarding market incentives and distributed systems. It proposes that the provision strikes an appropriate balance between protection and innovation in line with Parliament’s intent.</p>

Sustainability Labels on Olive Oil: A Review on Consumer Attitudes and Behavior

Product labeling is a way to inform consumers and increase their awareness about sustainability attributes of products. It guarantees the use of specific production conditions, promotes market incentives and highlights environmental, social and/or ethical product attributes. This study provides a literature review of sustainability labels on olive oil including consumer attitudes and behavior towards this product. Results show that consumers have positive attitudes towards olive oil carrying sustainability labels and are willing to pay more for olive oil carrying those labels. However, the major drivers of this behavior are far from being related to sustainability. This insight jeopardizes the main objective of those labels and suggests more clarifications about the information delivered by them. More in-depth investigations are needed about the drivers of consumer behavior towards olive oil carrying sustainability labels.

Understanding the Effect of Internal and External Factors on Households’ Willingness to Sort Waste in Dammam City, Saudi Arabia

The acceleration of growth in the population in Saudi Arabia and the increase in municipal solid waste generation have caused a problem in Dammam city: an increase in solid waste production. Therefore, solid waste sorting is an important practice of municipal solid waste management. The main objectives in this research are understanding the effect of internal and external factors on household willingness in sorting waste in Dammam city and studying the attempts to construct a theoretical research model by adding market incentives, government facilitators, and awareness into the popular planned behaviour theory to explain residents’ waste sorting intentions. The data collection and analysis are based on the questionnaire study, which is based on the questionnaire survey data from 450 households in Dammam. This study revealed that social influence significantly predicts households’ willingness to sort and recycle, that is, to promote recycling. Additionally, the variable social influence has a significant but low influence on households’ willingness to sort and recycle. The result of the structural equation model shows that perceived behavioural control significantly predicts households’ willingness to sort and recycle waste. This finding is consistent with the theoretical expectation. Therefore, this research shows that attitude, social influence, perceived behavioural control, market incentives, government facilitators and awareness positively and significantly affect residents’ waste sorting intentions. Additionally, this research corroborates the discrepancy between internal and external variables.

Using AquaCrop as a Decision-Support Tool for Small-Scale Irrigation Systems Was Dictated by the Institutional and Market Incentives in Ethiopia

The threat of water scarcity in sub-Saharan Africa is exacerbated by the expanding agricultural water needs, increasing climate variability and inappropriate land use. It calls for technological and institutional innovations to improve water productivity, while sustaining the resources base. This study was undertaken to examine the effect of deficit and supplementary irrigation for staggered production of potato driven by market opportunities at different periods in northeastern Ethiopia. We used potato (Solanum tuberosum) to demonstrate AQUACrop as a tool for improving water productivity during Belg (short) and Meher (long) rainfall seasons. A field experiment was undertaken using supplementary irrigation at different levels of potato crop water satisfaction (50% ETc, 75% ETc, 100% ETc and rainfed conditions) during the Belg (February–May 2020) and Meher (July–October 2020) seasons. Upon proper calibration of AquaCrop for the local potato variety (Belete), long-term simulations revealed that the mean net irrigation requirements were 249 mm during Belg season while the probability of applying supplementary irrigation during Meher was &lt;10% when the effective precipitation was greater than the crop water requirement (ETc) in more than 75% of the years. Although there was significantly higher potato tuber yield from the 100% ETc than that from the 75% ETc, the latter had higher water supply efficiency than the former. Long-term simulations further revealed that the number of rainfall days was more important than the amount of rainfall during the growing period. We engaged water users' associations to employ the recommendation and enforce supplementary irrigation as predicted by the model and we present farmers' response and reasons for resistance toward water saving approaches. Hence, we concluded that 50% ETc and 75% ETc irrigation levels can still be recommended upon proper scheduling to address long dry spells, especially during the middle growth stages in the face of irrigation conflict. However, the institutional settings and market incentives associated with it are the major drivers of adopting improved irrigation water management practices.

Management’s choice of tone in letters to shareholders: sincerity, bias and incentives

El objetivo de este artículo es identificar los factores que impulsan las decisiones de los directivos en materia de información en un entorno caracterizado por la concentración de la propiedad y la escasa aplicación de la ley. Investigaciones anteriores indican que el tono de la carta a los accionistas está correlacionado con los resultados. Sin embargo, el tono puede estar sesgado hacia lo positivo cuando una empresa es muy sensible a los incentivos del mercado de valores o está controlada por inversores mayoritarios. El sesgo puede reducirse gracias a las actividades de supervisión de los inversores institucionales en las empresas de capital cerrado. El estudio tiene dos implicaciones importantes. En primer lugar, cuando los directivos sesgan el texto, pierden la capacidad de comunicar noticias positivas sobre su empresa. En el marco de las expectativas racionales, los inversores pueden detectar el sesgo basándose en los incentivos situacionales conocidos y desestimar la información sesgada. En segundo lugar, los resultados sugieren que los directivos manipulan el tono estratégicamente, y no de forma inconsciente, para satisfacer las necesidades de los principales grupos de accionistas. This paper aims to identify the drivers of management reporting choices in a setting characterized by ownership concentration and weak enforcement. Previous research indicates, that tone of the letter to shareholders is correlated with performance. However, tone can be biased towards the positive when a company is highly responsive to stock market incentives or controlled by majority investors. Bias can be reduced by the monitoring activities of institutional investors in closely held companies. There are two major implications of the study. First, when managers bias the text, they lose the ability to communicate positive news about their company. Under rational expectations investors can detect bias based on known situational incentives and disregard the biased information. Second, the results suggest that managers manipulate tone strategically, rather than unconsciously, to satisfy the needs of key shareholder groups.