Search results for "Financial capital"
showing 9 items of 29 documents
Estimation of the stock of capital in Spain
2000
The paper presents the methodology and results of the estimation of the endowments of capital in the Spanish economy. It distinguishes between endowments of public capital and private capital. The series corresponding to the public sector cover the period 1955–97 and consider seven categories (or functions). The estimates are disaggregated by 17 regions and 50 provinces. The level of disaggregation is regional and provincial (NUTS2 and NUTS3 in European terminology). The private capital series cover the period 1964–97 and consider 17 sectors of production, with disaggregation at regional level. The information refers to two variables: gross formation of fixed capital (in current and constan…
What People Make of Social Capital Online: An Empirical Study on the Conversion of Social Capital via Networking Sites
2010
Social capital is considered an important aspect of online social networks and the idea that it can be converted into other forms of capital, is central to the capital concept. Examples of such a conversion are finding a job or obtaining information faster than others. However, the conversion and, therefore, the relevance of online social capital have not been sufficiently researched. Results from an online survey conducted on three German SNS indicate large interpersonal differences in the effectiveness of social capital conversion. They are best explained by the amount of available social capital and active investments in social capital, i.e., networking. Surprisingly, demographic attribu…
What Can International Finance Add to International Strategy?
2011
This chapter focuses on the role of corporate financial strategies to improve firms’ market valuations, and thus lower their cost of capital. The identification of successful strategies is accomplished within an overall strategic framework and related to how the firm perceives the degree of international financial integration. Five strategies for how to break out of a segmented, thin domestic capital market are highlighted together with historical success cases. The chapter illustrates the linkages between business strategy, firm motivation, and various financial strategies. JEL: F21, F23, F36, G32, G34.
Unemployment and Vacancy Dynamics with Imperfect Financial Markets
2018
This paper proposes a simple general equilibrium model with labour market frictions and an imperfect financial market. The aim of the paper is to analyse the transitional dynamics of unemployment and vacancies when financial constraints are in place. We model the financial sector as a monopolistically competitive banking sector that intermediates financial capital between firms. This structure implies a per period financial resource constraint which has a closed form solution and describes the transition path of unemployment and vacancies to their steady state values. We show that the transition path crucially depends on the degree of wage flexibility. When wages do not depend on the unempl…
An entrepreneur's social capital and performance: the role of access to information in the Argentinean case
2012
Purpose - The aim of this paper is to analyze the impact of an entrepreneur's social capital on their access to information, and how such access improves the performance of their entrepreneurial project. Design/methodology/approach - A structural equations model (SEM) is estimated and validated from a database including information from 282 Argentinean entrepreneurs who answered a questionnaire specifically designed for this research. The analysis of this model allowed the impact of dependent latent variables on the performance of the start-up to be determined. Findings - The performance of an entrepreneurial project depends on an entrepreneur's access to finance, markets and information. S…
CORPORATE SOCIAL RESPONSABILITY IN THE CURRENT GLOBAL ECONOMIC CONTEXT
2012
In the current economic context, the social issue has become a major preoccupation for the current activity of the organizations that aim to create performance. This is because the modern organization is evaluated also from the point of view of its contribution to the social life of the community it belongs to. As Sophocles said “all benefactors think a little bit also about themselves”. Nowadays, managers not only do they have to lead the activities of the economic organizations in a profitable way, but also have to be responsible for the impact of these activities. Therefore, when confronted to the numerous opportunities and dangers, current companies and managers must find economically, …
The application of intellectual capital reports in local authorities: analysis and empirical evidence
2011
This paper aims to investigate intellectual capital management in a public organisation as the Chambers of Commerce; in particular, whether and to what extent intellectual capital contributes to overall accountability and what role intellectual capital plays as a management tool. In order to answer these questions, the paper examines a case study, the Chamber of Commerce of Verbania Cusio Ossola that, at present, is one of the few in Italy, which prepares an intellectual capital report, by dedicating to it a special section in its social budget, where IC is reported. The paper also describes the intellectual capital report used in the Chamber of Commerce, the information supplied and the ro…
Social capital formation across space: proximity and trust in European regions
2013
An extensive economics and regional science literature has discussed the importance of social capital for economic growth and development. Yet, what social capital is and how it is formed are elusive issues, which require further investigation. Here, we refer to social capital in terms of “civic” capital and “good culture,” as rephrased by Guiso, Sapienza, and Zingales and Tabellini. The accumulation of this kind of capital allows the emerging of regional informal institutions, which may help explaining differences in regional development. In this article, we take a regional perspective and use exploratory space and space–time methods to assess whether geography, via proximity, contributes…
Intellectual Capital as a Key Factor of Socio-economic Development of Regions and Countries
2013
Abstract The main goal of the paper is to present the concept of intellectual capital (IC) from regional perspective and define intangible assets as knowledge that can be converted into value or profit. Most of the measurement methods designed by now apply for measuring the intellectual capital at corporate level. Some efforts are being made to present the IC concept in the regional perspective. Development of research on a new regional approach to the intellectual capital theory has been noticed. A sample model of IC for countries and its main sub-components have been presented as well. Some selected knowledge indicators for measuring intellectual capital at national level have been illust…