Search results for "8. Economic growth"

Supplemental Material, Appendix - Do Aging Employees Benefit from Self-Regulative Strategies? A Follow-Up Study

2020

Supplemental Material, Appendix for Do Aging Employees Benefit from Self-Regulative Strategies? A Follow-Up Study by Saija Mauno and Jaana Minkkinen in Research on Aging

Systemic financial crises and the housing market cycle

2017

Using quarterly data for a group of 20 industrialized countries and both continuous- and discrete-time duration models, we show that financial crisis recessions are associated with a two- to three-fold increase in the likelihood of the end of a housing boom. Additionally, recessions preceded by booms in mortgage credit are especially damaging, as their occurrence coincides with an increase in the duration of housing market slumps of almost 90%.

Family influence on firm performance: Finnish publicly held family firm perspective

2011

The study aims at examining the effect of family influence on firm performance. An empirical focus is put on comparison of return on investment of publicly held family and non family firms in Finland. The income statement and balance sheet data of the companies covers the years 2000–2005. The study shows that families are present in 25% of the companies listed on the OMX Helsinki, Finland Stock Exchange. The data indicates that publicly held family firms create close the same value added per employee than non-family firms. According to the results, family firms are less indebted and perform slightly better than non-family firms measured by return on investment. The observations of the study…

Trajectories of life satisfaction and the financial situation in the transition to adulthood

2013

The aims of this study were (1) to investigate  young adults’ life satisfaction changes during the transition to adulthood, (2) to identify possible life satisfaction developmental trajectories during the transition, and (3) to examine how individuals’ agency and personal financial situations are related to the identified life satisfaction trajectories in the contexts of life-span and life course theories of development. The present study is part of the longitudinal Finnish Educational Transitions (FinEdu) study, in which a total of 372 (278 female and 94 male) young adults filled in questionnaires at four measurement points, that is, twice before (at 18 and 19 years of age) and twice after…

Market Impact and Trading Profile of Hidden Orders in Stock Markets

2009

We empirically study the market impact of trading orders. We are specifically interested in large trading orders that are executed incrementally, which we call hidden orders. These are statistically reconstructed based on information about market member codes using data from the Spanish Stock Market and the London Stock Exchange. We find that market impact is strongly concave, approximately increasing as the square root of order size. Furthermore, as a given order is executed, the impact grows in time according to a power law; after the order is finished, it reverts to a level of about 0.5-0.7 of its value at its peak. We observe that hidden orders are executed at a rate that more or less m…

Financial Behaviour Under Economic Strain in Different Age Groups: Predictors and Change Across 20 Years

2021

AbstractThe present study examined the multiple micro- and macro-level factors that affect individuals’ financial behaviour under economic strain. The following sociodemographic and economic factors that predict financial behaviour were analysed: age group, year of data gathering, and attitudes towards consumption (economical, deprived, and hedonistic). Subjective financial situations and demographic characteristics were controlled for. Finnish time series data that consisted of five cross-sectional nationally representative surveys were used (n = 10 043). The analyses revealed four types of financial behaviour: cutting expenses, borrowing, increasing income, and gambling. Young adults aged…

2020

Freely available healthcare, universally accessible to the population of citizens, is a key ideal for European welfare systems. As labor migration of the twentieth century gave way to the globalized streams of the twenty-first century, new challenges to fulfilling these ideals have emerged. The principle of freedom of movement, together with large-scale forced migration have led to large scale movements of people, making new demands on European healthcare systems which had previously been largely focused on meeting sedentary local populations' needs. Drawing on interviews with service providers working for NGOs and public healthcare systems and with policy makers across 10 European countrie…

Do debt crises boost financial reforms?

2014

"Published online: 15 Aug. 2014"

Education and working life: VET adults' problem-solving skills in technology-rich environments

2015

The rapidly-advancing technological landscape in the European workplace is challenging adults' problem-solving skills. Workers with vocational education and training need flexible abilities to solve problems in technology-rich work settings. This study builds on Finnish PIAAC data to understand adults' (N?=?4503) skills for solving problems in technology-rich environments. The results indicate the critical issue that more than two thirds of adults with vocational education and training have weak skills or lack the skills in solving problems in technology-rich environments and that more than one fifth of these adults are at risk. Furthermore, this study indicates that the likelihood of havin…

Alliance formation as growth opportunity for non-publicly traded companies: a value-added service provided by private equity investors

2016

We analyze the role of Private Equity firms (PE-Firms) as a governance mechanism, focusing on their role as social intermediaries, helping their portfolio companies to form alliances and thereby spurring entrepreneurial growth. Alliances as long term inter-firm cooperations are considered to be a main source of firm-innovation. External growth via alliances is especially important for small to medium sized companies (SME) – largely dominant in Europe (up to 99%)–, because their internal resources are limited. Since a few years, these facts lead governments to undertake actions aimed to create environments that boost inter-firm linkages and entrepreneurial clusters. In European countries, su…