Search results for "Econometric"
showing 10 items of 3780 documents
Culture and Entrepreneurship – Remarks on Transculturality as Practice
2003
The most recent media debate about a new ‘Turkish entrepreneurship’ in Germany triggered off the fundamental reflections on the necessarily critical conceptualisation of the relation between ‘culture’ and entrepreneurial action. The dominating concepts in the field of ‘ethnic business’, in which questions of cultural orientation in entrepreneurial action have been a central issue for some time, can serve as a starting point for this analysis. For understanding the term culture and the conceptualisation of culture in conjunction with entrepreneurial action, a few critical remarks and a shift in perspective are necessary. Contributions of economic geography inspired by the ‘cultural turn’, wh…
The interaction between culture and sex in the formation of entrepreneurial intentions
2013
This study aims to reveal the effect of an interaction between culture and sex on the formation of entrepreneurial intentions, while building on notions of a cultural construction of gender. The study adopts the theory of planned behaviour as the setting for such exploration, as it has been proven to be robust across national contexts. The analysis is based on survey data collected from business students in Norway and Turkey. Both countries were selected as two distinct and opposite cultural constellations in accordance with the dissatisfaction approach to entrepreneurship. Turkey representing a relatively masculine, high power distance, uncertainty avoiding and collectivistic society; whil…
The Impact of Entrepreneur-CEOs in Microfinance Institutions: A Global Survey
2013
- Peer reviewed Microfinance is a global high-growth industry, in which entrepreneurship is prevalent and substantial. Based on the theoretical argument that microfinance entrepreneur-CEOs are “motivated agents” with a unique ability to hire and socialize mission-oriented staff, we hypothesize that these CEOs produce more sustainable microfinance institutions with better social performance and lower costs. This study utilizes data from 295 microfinance institutions in 73 developing countries, assessed between 1998 and 2010. Our empirical evidence suggests that entrepreneur-managed microfinance institutions feature higher social performance, greater financial sustainability, and lower costs.
Small business and entrepreneurship: their role in economic and social development
2017
Since the 1980s, small business owners and entrepreneurs have been receiving greater recognition as drivers of economic growth. Recently, several studies (Forsman 2011; McKeever, Anderson, and Jack...
The role of private equity: from focus on the product to focus on value creation
2009
Orginal article published by InderScience publishers. Avaialble from: http://dx.doi.org/10.1504/IJEIM.2009.025141 As a consequence of the paradigm shift from an industrial society to an information society, the role of the entrepreneur ought to change from being an inventor of product/services to become a value creator. Hence, the focus of entrepreneurial ventures should be shifting towards creating viable business models rather than superior product/services. One major implication of the shift of entrepreneurial endeavour from product/services towards creating new business models is that hands on investors behind companies’ have to be involved closer to the inception of new ventures in ord…
Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises
2023
This article aims to determine the influence of entrepreneurs’ financial literacy for the growth of SMEs’ value. The paper verifies the hypothesis that there is a significant relationship between financial literacy and value creation, as indicated by economic value added (EVA®). The study analyses 162 Italian SMEs operating in the textile and clothing sector. The analysis period is between 2011 and 2013. Regression analysis and correlation analysis have been applied to test the hypotheses. The results suggest a positive and significant relationship between financial literacy and the variables that drive the value creation. Greater financial literacy allows SMEs to optimise their capital str…
The Go2School project for promoting cycling to school: A case study in Palermo
2021
Abstract The identification of transport policy measures able to reduce the use of private cars for home-to-school travel is very relevant to reduce congestion during peak hours and to ensure that the areas around schools have livable environments. An action that policymakers could apply is promoting cycling to school through the introduction of bikesharing programs and creating safe routes to school through the construction of new cycle infrastructure. The aim of the paper has been, therefore, to assess if these policies could lead the high-school students to cycle to school, considering the city of Palermo as a case study. The goal is reached through the calibration of a modal choice mode…
On the mechanics of progress in primary education
2003
03045; International audience; As countries grow rich, education improves in many ways. The sector enjoys more resources for education per primary school-aged child, not because of bigger budget allocations, nor an easing of the demographic burden on the system, but because the cost of inputs, especially teacher salaries, decline substantially relative to the per capita GNP. The extra resources enable countries to expand coverage and reduce the pupil–teacher ratio, with the latter receiving increasing emphasis during the past 20 years. The implicit trade-off against coverage raises questions about the efficiency and equity of education policies in developing countries, particularly in setti…
Money and equity returns in the Euro area
2010
Abstract This study examines the impacts of liquidity on equity returns in the euro area during the period 1987–2001. The main contribution of the study is that the money demand is carefully considered while estimating the liquidity. We provide evidence that in part the impact of money on equity returns depended on the measure used for liquidity (real money supply, real money gap and monetary overhang). However, a unanimous inference was made that over time an increase in liquidity has a negative impact on equity returns. This is interpreted as being due to the positive impact of money on inflation. Accordingly, an increase in liquidity generated expectations of inflation, which led to a de…
Financial Integration and Fiscal Policy
2011
The aim of this paper is to assess the impact of financial integration on fiscal policy. Using an unbalanced panel of 31 OECD countries from 1970 to 2009, the paper shows that financial integration has significant disciplinary effects by reducing fiscal deficits and (discretionary) spending volatility. In addition, we find that financial integration affects the composition of government debt and enhances risk-sharing by increasing the share of foreign debt to the total. The results are robust to both de jure and de facto measures of financial integration, different measures of budget balance, and different estimation strategies.