Search results for " profit"
showing 10 items of 108 documents
The microeconomic maximisation of a ratio of profit : a restatement
1993
On the traditional microeconomic theory, firms are supposed to maximise theaggregate pure profit. We study other objective functions which are ratios profit over capital. We explore various combinations, proposing a typology of the ratios o f profit, particularly the rate of profit (accounting profit over capital), the rate o f gross profit (gross profit over capital), the rate of accounting profit (accounting profit over capital). The cases of monopoly with variable coefficient of capital, monopoly with fix coefficient of capital, competition with fix coefficient of capital, are studied. The solutions given by the maximisation of the aggregate pure profit and the maximisation of the rate o…
What Explains Governance Structure in Non-Profit and For-Profit Microfinance Institutions?
2009
This paper aims to explain the choice of board and CEO characteristics in microfinance institutions (MFI). Explanations are sought in substitution or complementarity between the characteristics, external governance variables, and financial performance and outreach performance to the poor. The data are from 290 MFIs in 61 countries, and the logit regressions methodology is employed. The board and CEO characteristics are board size, CEO-chairman duality, international directors, and female CEO. We find relationships among these variables, and also that the external governance variables ownership type (shareholder owned) and international initialization induce smaller board, less duality, more…
The governance of non-profit micro finance institutions: lessons from history
2009
Published version of an article in the journal: Journal of Management & Governance. Also available from Springer: http://dx.doi.org/10.1007/s10997-009-9116-7 Microfinance is high on the public agenda, and better corporate governance has been identified as a key factor for enhancing the viability of the industry. However, recent literature on the subject struggles to identify the corporate governance mechanisms that influence the performance of the Micro Finance Institutions (MFIs). Guided by stakeholder and agency theories, this paper uses a historical parallel found in savings banks to present corporate governance lessons for MFIs, particularly non-profit MFIs, today. The findings indicate…
Profit change and its drivers in the English and Welsh water industry: is output quality important?
2014
Abstract The assessment of profit change over time and its drivers is essential to analyse firms' financial performance. This paper investigates profit change and its components for the 10 English and Welsh water and sewerage water companies over the period 1991–2008 and for three regulatory sub-periods. Profit changes and their drivers are computed following two approaches, namely: without controlling for water and sewerage quality issues, and after decomposing the output effect into high quality and low quality output effect. In both cases, profit change is decomposed into various factors such as quantity and price effect, technical change, efficiency change, resource mix, product mix, an…
Cultural institutions as agents of urban and community regeneration in the (post-)pandemic city. The case of the «Laboratorio Zen Insieme» in Palermo
2022
Although all cities in the world have been affected by the COVID-19 pandemic, its impacts on the territories, yet to be understood, are unevenly distributed, revealing extremely varied imbalances depending on the places. However, it is clear that the virus and its variants have aggravated pre-existing socio-spatial inequalities, creating new ones and bringing attention back to those implications between space, planning, public health and citizenship that are at the origins of contemporary urbanism. In a reference framework in which the crisis is globalized but unequal and in the absence of a welfare system capable of responding to the urgencies of the most marginalized social contexts and g…
Organic farming and economic sustainability: The case of Sicilian durum wheat
2014
In last years, the organic farming in the world is developing rapidly and Italy is the sixth country for organic area. Sicily is the main organic area of Italian territory and represents the first region for organic cereals. Among these durum wheat is the crop most widespread, especially in the hilly hinterland areas. The paper aims to analyze the economic sustainability of organic durum wheat. For this purpose, it has been determined the gross m argin of whea t within crop rotations of the Sici lian hilly hinterland, comparing 10 organic farms with 10 conventional farms. The results show a higher gross margin of organic wheat respect to conventional one, due to lower variable costs and hig…
Economic and Financial Comparison between Organic and Conventional Farming in Sicilian Lemon Orchards
2015
Sicily has a long tradition in citrus fruit cultivations that with vineyard and olive tree represent the main Mediterranean tree crops. In this paper we have evaluated the economic and financial sustainability of lemon production, both in organic farming and in conventional farming
Return on capital in Spanish tourism businesses: A comparative analysis of family vs non-family businesses
2016
The analysis of the keys to competitiveness in the tourism sector has an unquestionable justification for its importance in the Spanish economy and its global growth prospects. The need for a better understanding of the keys to the competitiveness of the tourism firm is also fuelled by the magnitude of the challenges that it faces and by the sector structure, characterised by a notable weight of family-owned businesses. The objective of this research lies precisely in developing a diagnosis of the return on capital of the tourism sector and the determinants of its evolution in the family business (FB) vs non-family business (NFB). Specifically, this study focuses on the analysis of both fir…
Innovative IC framework in the non profit sector
2012
The importance of intellectual capital in the non-profit sector generates the need to measure its role in the value creation process. The purpose of the paper is to study the application of intellectual capital within the non-profit sector, by turning attention to resources such as: knowledge, experience, and skills. Organizations, which are able to increase the knowledge of their staff and transform this knowledge into skills to improve services, can easily meet users’ needs and, thereby, become competitive. This contribution proposes to study how people’s knowledge can contribute to increasing social value, which is the non–profit organization’s aim. Furthermore, the goal is to de…