Search results for "MANAGERIAL"
showing 10 items of 94 documents
Do Powerful CEOs Have an Impact on Microfinance Performance?
2009
In this study we show that Microfinance Institutions (MFIs) with more powerful CEOs have higher performance variability. A powerful CEO is defined as one that also chairs the board of directors. CEO power is reflected in higher performance variability if CEOs have more latitude of action, i.e. managerial discretion. Managerial discretion can be limited by having stakeholder electives on the board. We find that CEO power only has an effect on MFI performance variability when there are no stakeholder electives on the board. Furthermore, we argue that CEOs in non-profit MFIs have more discretion, because their dual mission implies their CEOs are harder to control. We find that CEO power increa…
Do Powerful CEOs Determine Microfinance Performance?
2012
Recently, microfinance has been coming under public and media attacks. The microcredit crisis following from microfinance-induced suicides in 2010 in the Indian state of Andhra Pradesh indicates that weak corporate governance and imprudent risk taking have far-reaching consequences. Yet, analyses of corporate governance mechanisms among microfinance institutions (MFIs) remain underdeveloped. As a response, this study examines the impact of CEO power on MFI risk taking by deriving explicit predictions of this effect from a characterization of the microfinance industry. Based on a sample of 280 microfinance institutions, our results suggest that powerful CEOs of microfinance non-governmental …
Municipal budgetary framework and forecasting errors: The case of Moroccan municipalities
2017
International audience
Las soft skills del docente
2021
L’esercizio di una adeguata professionalità docente coinvolge dimensioni motivazionali, comunicative, pratiche e vocazionali che vanno ben oltre le specificità dei contesti d’aula, partecipando allo sviluppo complessivo dell’organizzazione scolastica e ad iniziative e progetti condotti dalla scuola nel rapporto con la più ampia realtà di ordine familiare, comunitario e sociale in cui è immersa. Quali competenze connotano il docente professionista oggi? Quali azioni e dispositivi di autovalutazione possono supportarne lo sviluppo professionale? Il concetto di competenza rimanda ad una serie di conoscenze specialistiche necessarie, ma non più sufficienti per la formazione degli insegnanti: le…
L'apport de la finance d'entreprise comportementale à l'explication de la politique de dividendes
2020
Behavioural corporate finance is an area that has attracted a lot of interest from financial economists, psychologists and neuroscientists over the past decade. This research falls within the scope of behavioural corporate finance, which proves to be an new and promising field of research. The question of dividends, although recurrent, continues to occupy an axiological position in recent research in Finance. Since 2015, France has been considered as one of the most generous countries in terms of dividend distribution in the European Union (EU). At this level, it is a question of research aimed at delimiting the real contours of the determinants of the decision and the amount of the dividen…
External Research Funding and Authority Relations
2019
AbstractThis chapter analyses how the increasing external research project funding has affected the authority over research for managers and researchers in Nordic universities. Drawing on both the qualitative and quantitative data from the FINNUT project, the chapter uses institutional theory to investigate how authority relations between managers and researcher unfold by focusing on the themes content, time, and people. For researchers, the increasing external funding has resulted in some reduction of the authority over research. However, researchers do employ a range of defence mechanisms in order to protect their research freedom. For managers, the results are ambiguous since, on the one…
Understanding the Contesting Ideologies of Family Business: Challenge for Leadership and Professional Services
2003
This paper examines how a family business system serves as the ideological arena of three cultural forces—entrepreneurialism, managerialism, and paternalism—that are, to a great extent, contesting ideologies based on different rationalities, or schools of thought. Furthermore, it reinforces the view that a family business system is the combination of three interacting subsystems (management, ownership, and family life)—a form of business that is challenging both for leaders and professional service providers. The approach of the study is conceptual and cultural. It bases its theoretical background on the developments of Johannisson and Huse (2000) and Tagiuri and Davis (1996). A summary of…
Per una classe dirigente autonoma, performante e responsabile
2022
Il saggio intende mettere in luce il filo conduttore del percorso riformatore, ormai trentennale, del nuovo modello di rapporti tra politica e amministrazione. Oggetto specifico dell’indagine sono il principio della distinzione delle funzioni di indirizzo e controllo politico-amministrativo e i principi correlati dell’autonomia, della valutazione della performance e della responsabilità dirigenziale. Vengono in particolare analizzate le cause che hanno finora impedito lo sviluppo di una classe dirigente realmente autonoma nelle decisioni (e resistente agli eventuali condizionamenti impropri della classe politica) e soprattutto performante e responsabile dei risultati che produce nell’intere…
Amministrazione performante e sistema dei controlli interni
2023
Since the origins of post-unitary reform processes, analyses, and reconstructions aimed at deepening the needs and development paths for maximizing the functioning of the italian administration have directly or indirectly included the legal institutions of administrative control. Controls have progressively become an essential thematic axis in the characterization of the fundamental contents of the formation of the administrative state and the 'administrative question' of conformity in public organization and administrative activity to the principle of legality. They are seen as a specific legal institution, in which it is possible to interpret both the evolution of the state organization a…
Manager’s and citizen’s perspective of positive and negative risks for small probabilities
2011
So far „risk‟ has been mostly defined as the expected value of a loss, mathematically PL, being P the probability of an adverse event and L the loss incurred as a consequence of the event. The so called risk matrix is based on this definition. Also for favorable events one usually refers to the expected gain PG, being G the gain incurred as a consequence of the positive event. These “measures” are generally violated in practice. The case of insurances (on the side of losses, negative risk) and the case of lotteries (on the side of gains, positive risk) are the most obvious. In these cases a single person is available to pay a higher price than that stated by the mathematical expected valu…