Search results for " GOVERNANCE"

Unveiling the Antecedents of International Diversification: An Agency Theory Approach

2014

While various studies have developed hypotheses about the antecedents of international diversification drawing mainly on the resource-based view, the behavioral theory of the firm, and the transaction costs literature, we advance our understanding by investigating the explanatory power of agency costs of free cash flow arguments. Using a sample panel of 167 Italian firms longitudinally evaluated during the 1980-2010 period, this study tests whether the firm’s choice to spread operations in multiple foreign countries is conditioned by excess of free cash flow and debt, especially in firm-contexts where agency problems are exacerbated by managers or large shareholders’ opportunism. We find th…

La vite ad alberello e il giardino pantesco. Dinamiche globali di patrimonializzazione culturale ed economia locale

2021

In questo breve contributo proverò a introdurre il ruolo e la simbologia dell'albero nella società pantesca contemporanea in una prospettiva antropologica. Sintetizzando alcune fasi della mia ricerca sul campo sull'isola di Pantelleria, ho tentato di comprendere le dinamiche che hanno portato ai riconoscimenti Unesco della pratica della vite ad alberello e dei muretti a secco, così come al riconoscimento del giardino pantesco, e le conseguenze da questi determinate nella vita socio-economica dell’isola di Pantelleria e nell’immaginario collettivo della comunità locale e dei vari soggetti implicati. Applicando varie metodologie di indagine (interviste, osservazione partecipante, consultazion…

Public Administration and the Study of Political Order: Towards a Framework for Analysis

2020

The contribution of this study is two-fold: First, it outlines a conceptual framework on political order; and secondly, it offers empirical illustrations on the case of Nordic cooperation. Taken together, the article makes a plea for public administration scholarship in the study of political order. Political order consists of a relatively stable arrangement of institutions that are fairly formalized and institutionalized. A common political order, moreover, entails that relevant institutions: (i) are fairly independent of pre-existing institutions; (ii) are relatively integrated and internally cohesive; and (iii) are reasonably able to influence governance processes within other institutio…

Implementation of IFRS in Japan: An Analysis of Voluntary Adoption by Listed Firms

2019

Since 2010 Japanese listed firms can voluntarily use international financial reporting standards for their consolidated financial statements. Using financial and non-financial data, we carry out a comprehensive research into the adopters’ determinants. We employ a multi-period logit model that considers every annual decision made along the period 2010-2019. We find that the having outside networks through subsidiaries and a strong internal corporate governance system are key factors. We also confirm a contagion effect. Finally, our results suggest that goodwill is also relevant, since only Japanese accounting standards require annual amortization.

Foreign Direct Investment in oil-abundant countries: The role of institutions

2019

The present work reassesses the impact of good governance and democracy on Foreign Direct Investment (FDI) in oil-abundant countries. To this end, we estimate the effect of host countries’ institutions on greenfield FDI, using a gravity equation for a dataset that covers 182 countries during 2003-2012. Our findings confirm that compliance to rule of law, lack of corruption, political stability and democracy could boost new FDI links through the extensive margin. Our results could not rule out the “oil curse”, meaning that oil producers attract fewer new greenfield projects than similar countries without oil. Unlike other studies, we show that the impact of institutions is not necessarily un…

A Framework for a Smart City Design : Digital Transformation in the Helsinki Smart City

2019

Recently, there has been substantial interest in the concept of a smart city, as it has been a viable solution to the dilemmas created by the urbanization of cities. Digital technologies—such as Internet-of-Things, artificial intelligence, big data, and geospatial technologies—are closely associated with the concept of a smart city. By means of modern digital technologies, cities aim to optimize their performance and services. Further, cities actively endorse modern digital technologies to foster digitalization and the emergence of data-based innovations and a knowledge economy. In this paper, a framework for a smart city design is presented. The framework considers a smart city from the pe…

Sentiment, Reason, and Law: Policing in the Republic of China on Taiwan by Jeffrey T. Martin. Police/Worlds: Studies in Security, Crime, and Governan…

2020

An Urban Governance Framework for Including Environmental Migrants in Sustainable Cities

2022

This article proposes an urban governance framework for including environmental migrants in sustainable cities. It outlines the links among environmental migration, vulnerability, and sustainability, showing how vulnerability and sustainability are not about the environment or the human condition as snapshots in space and time, but rather are long-term, multi-scalar, ever-evolving processes. This theoretical baseline is followed by a description of some practical approaches already applied for including environmental migrants in sustainable cities. The wide variety and lack of cohesion justifies the need for a framework, leading to three principal characteristics of a governance framework s…

Religion and governance in microfinance institutions: evidence from the global microfinance industry

2014

Masteroppgave i økonomi og administrasjon – Universitetet i Agder 2014 This thesis sought to study the influence of religion on corporate governance in Microfinance Institutions. The study uses secondary data on a sample of rated Christian and secular MFIs compiled in rating reports by rating agencies to compare the governance differences and similarities between Christian and secular MFIs. The research uses the random effects General Least Squares and logistic regression models alongside other univariate statistical methods to test for the effect of religious affiliation on corporate governance. The overall findings indicate that Christian MFIs are significantly less-regulated by banking a…

The influence of board diversity on financial performance : an empirical study of Asia-Pacific companies

2014

Masteroppgave i økonomi og administrasjon – Universitetet i Agder 2014 This study investigates board diversity and its influence on financial performance. The main purpose of the study is to examine whether nationality and gender diversity influence financial performance as measured by Tobin’s Q. The study examines the biggest 50 Asia-Pacific companies according to Forbes Magazine. Data analysis is performed using Ordinary Least Square (OLS) and Two-Stage Least Square (2SLS) regressions analysis. The results show that gender diversity of board member has a positive influence on financial performance. However, nationality of board member contributes no significant influence on financial perf…