Search results for "ECONOMICS"

The pedagogical development of an international teacher in the cultural context of Finnish CLIL home economics

2016

This thesis draws on content and language integrated learning (CLIL) as a methodological innovation in language education. In order to become competent CLIL teachers in 21st century, however, teachers should not merely have expertise knowledge in their own teaching fields but take pedagogical tact into consideration. The aim of this qualitative action research is to understand: (1) How an international teacher from Taiwan utilized the theoretical framework of CLIL 4Cs and (2) How 4Cs were used as a support to develop pedagogical tact in CLIL home economics classes in a Finnish lower secondary school. The action research approach and process were conducted in two cycles that included plannin…

Free riding as méchanism

1998

Free-riding is methodologically puzzling. It is at the same time important and often not observed as an actual phenomenon. The paper explores the possibility of treating free riding as an underlying or causal mechanism. As such, free riding is to be treated as part of the real world rather than of the world of models or theories. However, the free riding mechanism is particularly prone to operate not in isolation but together with other mechanisms. This feature has consequences on issues such as empirical content, testability or relevance. These questions are discussed in the light of some recent work in philosophy of science and with special attention given to the development of experiment…

La réinsertion professionnelle des femmes

1973

Competitive intelligence embeddedness: Drivers and performance consequences

2019

Abstract The proliferation of Web-based information sources and social media draw firms' attention to these channels as sources of competitive intelligence (CI). To date, research has focused mainly on information collection techniques rather than on CI uses and its influence on firm performance. We define CI embeddedness as the extent to which management and employees incorporate CI in daily routines, so that actionable knowledge is transferred throughout the organization. A survey of 124 decision makers reveals positive impact of Web CI sources as well as alliances with information providers on CI embeddedness. Furthermore, while CI embeddedness shows no direct influence on firms’ perform…

Spa tourism as a part of ageing well

2019

Due to increased life expectancy and the prevailing ideological elements of wellness and active ageing, wellness-related consumption has become a distinctive part of many retirees’ lifestyles in af...

Perspectives on Dynamic Retirement and Active Ageing

2014

One central goal in ageing individuals’ late-career stages is to participate in working life, subsequently transition successfully into retirement, and to lead a satisfying and healthy life in retirement. In many ways, these goals are aligned with the policy orientation of countries facing challenges with global ageing. This chapter describes some of the current themes of retirement and late-career research, with a specific interest on the role of individual resource allocation strategies and human resource management in promoting the work ability of older employees. It will present the concept of bridge employment in the Finnish context, and the effects of normal retirement, i.e. after rea…

Converting Retirement Benefit into a Life Care Annuity with Graded Benefits: How Costly Would it Actually Be?

2016

This paper deals with life care annuities, i.e. bundled products comprising a life annuity and long-term care insurance. It aims to assess the cost of converting retirement benefit into a life care annuity with graded benefits using a pre-existing public pay-as-you-go pension scheme. With this objective in mind, we present an actuarial method based on array calculus for valuing this type of life care annuity. The health dynamics of the annuitant rely on a reversible illness-death multistate framework. The paper contains a numerical example in which mortality and disability assumptions are based on data from the USA and Australia, although this should be viewed simply as an illustration. In …

Die Herausbildung von Zufriedenheits-urteilen bei Alternativenbetrachtung

1999

Traditional elements of competitive differentiation are declining. As industries and firms worldwide face increasing competition, slower growth rates, and price pressures, greater attention is being placed on customer satisfaction. However the research in satisfaction never consider alternatives, when customer satisfaction is formed. It has been the approach of this paper to present an extension for this circumstance. Therefor the regret theory, a diversion of the expectation utility theory, is used to explain the phenomena. According to this theory, each outcome has associated with it the evaluation of the difference between the outcome and the outcome that would have been received had a d…

OPTION VALUE CALCULATION AFFECTED COMPONENTS

2021

As the subprime credit crisis has attracted attention to financial derivative instruments, more frequently arises questions about fairvalue calculations. Over the time, different models had been introduced. All of those models take into account factors affectingprices. Mostly, factors used in calculations on the same type of financial instruments are approximately the same. Therefore questionarises, which factor affects price more and which less, with no matter which model would be used for fair value calculations. One offinancial derivative instrument types is options. Options are agreements, which give to option buyer rights to buy or sell underlyingasset. While the seller or writer of op…

The Separating Role of Collateral Requirements in Credit Markets with Asymmetric Information

2001

In this paper we test Bester's (1985, 1987) prediction about the separating role of contracts that involve both interest rates and collateral requirements in credit markets. To test this prediction we use data from natural credit markets and controlled experiments. Using a sample of credits to small and medium size firms in Valencia, Spain, we relate two different types of contracts with the ex post risk type of the borrower and other relevant variables. We then design two incentive compatible contracts and analyze decisions under two different experimental treatments, one with moral hazard. Our empirical results confirm that borrowers of ex post lower risk choose contracts with higher coll…