Search results for "Market economy"
showing 10 items of 138 documents
Economic analysis of different supporting policies for the production of electrical energy by solar photovoltaics in western European Union countries
2010
Abstract Within various renewable energy technologies, photovoltaics (PV) today attracts considerable attention due to its potential to contribute a major share of renewable energy in the future. However, PV market development is, undoubtedly, dependent on the political support of any given country. In this paper, after a brief analysis of national support policies in PV technology in western European Union (EU) countries, the authors perform an economic analysis of the main support mechanisms as implemented in the same countries, based on the calculation of the cash flow, the Net Present Value (NPV) and the Internal Rate of Return (IRR) indices. The analysis shows that in some situations s…
Financial Market Development in Emerging Asia: the Corporate Governance Perspective (Presentation Slides)
2018
Presentation on why Asia is different from Europe and the USA from a corporate governance perspective: weak formal institutions (e.g. law enforcement), diverse informal institutions (e.g. in terms of social elite) and with institutional dynamism (ongoing development of regulations, e.g. privatization) using economic liberalization as primary engine of growth.
Internationalisation process of Spanish banks: strategic orientation after the mergers
2003
The present globalisation of the economy is one of the main forces driving the internationalisation process of firms, a phenomenon that has been one of the most widely studied in the literature and which has given rise to numerous explanatory theories. The manufacturing sectors of machinery, food, textiles, furniture have already consolidated their presence in international markets, induced by the increased competition deriving from liberalisation of foreign trade and the desire to conquer new markets. If in manufacturing sectors globalisation has been high, the service sector has not been far behind. One of the sectors that has been most influenced by changes in the competitive framework i…
The Automotive Market – An Ongoing Turmoil
2013
Abstract The article focusses on the turmoil of the European Union and Romanian automotive market, deeply challenged by the crisis and on the perspectives in the after crisis, studying the evolution of this market as well as the determinate factors of a highly economic- sensitive market.
The recent change in the Italian policies for photovoltaics: Effects on the payback period and levelized cost of electricity of grid-connected photov…
2015
Abstract This paper provides an economic analysis of the investment in grid-connected PV (photovoltaic) systems installed on the rooftops of buildings located in densely urbanised contexts. The analysis was applied to some case studies that were selected as representative of the latitudes of the southern, central and northern Italy. The returns of the investment in PV systems were investigated with the aim of comparing the impact of the current PV policy, based on the tax credit scheme, with the FIT (feed-in tariff) scheme, in force until July 2013. The cash flows related to the disbursements and benefits during the lifetime of the investment were computed for each combination of orientatio…
The Institutionalization of Political Risk Assessment by Chinese Multinational Firms
2021
Some researchers have claimed that Chinese firms are impervious to political risk, calling into question the institutionalization of political risk by Chinese firms. Building on resource dependence theory and the literature on non-market strategies, this study finds significant impact by ownership structure, firm scale, and the degree of internationalization on the institutionalization of political risk assessments (IPRA) by Chinese firms. As such, state-owned firms and larger firms cultivate a higher level of IPRA. We find a positive impact of a firm’s scale and scope of internationalization, but insignificant impact of depth of internationalization.
Different meanings of ´knowledge as commodity` in the context of higher education
2013
Commodification has been and still is one of the key processes within capitalist market economies. Since the 1970s, different forms of knowledge have increasingly been subjected to this process. In this paper the commodification of knowledge in the field of higher education is defined in a broad sense as an example of the intensive enlargement of capitalism. I argue that knowledge shares some features of public goods and can be subjected to commodification both as an educational product and academic research itself. However, the simple dichotomy of public vs. private good is not nuanced enough to understand the status of knowledge within higher education. How to reconstruct this dichotomy,…
Cooperative Finance and Cooperative Identity
2012
The question addressed in this paper is whether the financial structure of cooperatives constitutes a badge of identity that differentiates cooperatives from other corporate legal forms such as capital-based companies.To this end, it examines features of their financial structure that are considered typical of cooperatives in a number of documents published by international organizations: the International Co-operative Alliance's Statement on the Co-operative Identity (ICA, Manchester, 1995); the International Labour Organization's R193 Promotion of Cooperatives Recommendation (ILO, 2002); Council Regulation (EC) No. 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Societ…
Varietes of capitalism, corporata governance mechanisms, and stakeholder engagement: An overview of coordinated and liberal market economies
2019
This is the pre-peer reviewed version of the following article: Varieties of capitalism, corporate governance mechanisms, and stakeholder engagement: An overview of coordinated and liberal market economies, which has been published in final form at https://doi.org/10.1002/csr.1840. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This paper examines those aspects of national institutions that affect corporate governance mechanisms at international level. The study uses the “varieties of capitalism” approach, which is concerned with the way companies interact strategically to solve the coordination problems …
Union structure and incentives for innovation
2002
Abstract In this paper, we consider the effect of union structure on the adoption of innovation in the context of Cournot duopoly. With a market size large enough, we show that the incentive to innovate is higher under a decentralized union structure (with each firm facing its own independent union) than under an industry-wide union. However, for a small market size (or, equivalently, for sufficiently drastic potential innovation), the new technology is more likely to be adopted in the presence of a centralized union. This result goes against the conventional view that unionization harms the incentive to innovate.