Search results for "RIMI"
showing 10 items of 3981 documents
The board of directors and dividenc policy: the effect of gender diversity
2015
In this article, we aim to study the impact on dividends policy of gender diversity on the board of directors (hereinafter BD). We hypothesize that the proportion of women directors, the proportion of independent, institutional, and executive female directors, and the percentage of shares held by female directors on BD, have an impact on the dividends policy of Spanish companies. Our findings, analyzing the whole sample, show that the proportion of female directors and shares held by female directors are positively associated with dividend payout, while the percentage of institutional female directors has a negative impact. The percentage of independent and executive female directors has no…
Compensating acquitted pre-trial detainees
2015
Abstract Western legal systems are far from having provided the same solution to the problem of whether acquitted pre-trial detainees should be compensated for the harm suffered as a result of detention on remand. Various arguments have been formulated in order to justify or criticize this compensation, but the possible incentive effects of this compensation on criminal behavior has not yet been considered. This paper analyzes these effects, focusing on the case where detention was lawfully and diligently carried out by State agents, and not having been caused by negligence on the part of the detainee. The paper shows that such compensation can either deter crime or encourage it, depending …
Restructuring the defence industry and arms production in Russia
2000
AT THE BEGINNING OF 1997, after five years of failed reforms in the defence industry, there took place a substantial change in the administrative structure running this sector. The Ministry of Economic Affairs took over the restructuring of the defence industry and thereby defined a new way of tackling reforms in this industrial sector. Three elements stand out in the new approach: intersectorality, a predominance of civilian elements and a greater realism. This approach, therefore, represents a break with the idea in force up to that moment of the best way to tackle problems related to the defence industry, which was greatly conditioned by its Soviet heritage. Although two years later this…
Mobile telephony in emerging markets: The importance of dual-SIM phones
2020
Abstract A substantial share of customers in emerging markets use dual-SIM phones and subscribe to two mobile networks. A primary motive for so called multi-simming is to take advantage of cheap on-net services from both networks. In our modelling effort, we augment the seminal model of competing telephone networks á la Laffont, Rey and Tirole (1998b) by a segment of flexible price hunters that may choose to multi-sim. According to our findings, in equilibrium, the networks set a high off-net price in the linear tariffs to achieve segmentation. This induces the price hunters to multi-sim. We show that increased deployment of dual-SIM phones may induce a mixing equilibrium with high expected…
Technological change and wage premiums amongst high-skilled labour
2019
This study examines the impact of the steam engine, which produced wide and long-lasting economic growth from the 19th century to the early 20th century, on the wages of high-skilled seamen in the Swedish merchant maritime shipping industry. The analysis focuses on the years 1869–1914, which was a transition period during which traditional sailing ships were replaced by steam-powered vessels. The study shows that all high-skilled occupations received wage gains under steam technology. The evidence on wage polarization amongst the high-skill occupations remains subtle, although there is certain evidence that wage premiums vary by occupation. peerReviewed
Do we value mobility?
2015
Is there a trade-off between people's preference for income equality and income mobility? Testing for the existence of such a trade-off is difficult because mobility is a multifaceted concept. We analyse results from a questionnaire experiment based on simple precise concepts of income inequality and income mobility. We fnd no direct trade-off in preference between mobility and equality, but an indirect trade-off, applying when more income mobility can only be obtained at the expense of some income inequality. Mobility preference - but not equality preference - appears to be driven by personal experience of mobility.
The effect of sex antidiscriminatory legislation on the variability of female employment in Britain
1985
This paper examines the variability of female employment in the 1970s. It is based on data from the New Earnings Survey so that the behaviour of employment in the manual–nonmanual and manufacturing–nonmanufacturing sectors can be studied separately. At an aggregate level the results are compared to those derived using data from the Department of Employment, to ensure that the results are not simply the product of possible sampling variation of the New Earnings Survey. The findings of this paper, though far from conclusive, indicate that female employment vis-a-vismale employment became more stable after 1976. There may be many reasons for the decrease in relative variability of female emplo…
Same work, lower grade? Student ethnicity and teachers’ subjective assessments
2010
Previous research shows that ethnic minority students perform poorer in school when they are taught by ethnic majority teachers. Why this is the case was unclear. This paper focuses on one important potential explanation: I examine whether ethnic majority teachers grade minority and majority students differently for the same work. Using an experiment, I rule out the existence of such a direct grading bias. I do find indirect evidence for alternative explanations: teachers report lower expectations and unfavorable attitudes that both likely affect their behavior towards minority students, potentially inducing them to perform below their ability level. Effects of having majority teachers on m…
Discrimination by microcredit officers: Theory and evidence on disability in Uganda
2015
This paper studies the relationship between a microfinance institution (MFI) and its loan officers when officers discriminate against a particular group of micro-entrepreneurs. Using survey data from Uganda, we provide evidence that loan officers are more biased than other employees against disabled micro-entrepreneurs. In line with the evidence, we build an agency model of a non-profit MFI and a biased loan officer in charge of granting loans. Since incentive schemes are costly and the MFI's budget is limited, the MFI faces a trade-off between combating discrimination and granting loans. We show that the optimal incentive premium is a non-decreasing function of the MFI's budget. Moreover, …
Climate change, ethics and sustainability: An innovative approach
2018
Our goal in this article is the analysis of the state of affairs, regarding the phenomenon of climate change and its impact in different areas. We synthesize the various approaches available in the scientific debate on this subject, mainly the one that affirms the existence of global warming and the current approach, which denies it. Beyond the controversy, what seems to be evident is that there is a multifactorial causality in a phenomenon that affects anthropogenic factors a well. Since some environmentalisms exclude the human being in their consideration of the ecosystem, and if they do, they accommodate man in their approaches always as a variable that distorts and deteriorates the envi…