Search results for "incentive"
showing 10 items of 297 documents
Earnings management to exceed thresholds in continental and Anglo-Saxon accounting models: The British and French cases
2017
International audience; The purpose of this paper is to compare the extent to which French and British firms manage their earnings in order to avoid losses, decreases in earnings and earnings below the forecasts of analysts. Further, this study aims to investigate the factors that potentially influence earnings management to exceed thresholds with reference to the Anglo-Saxon and continental accounting models. Britain and France, correspondingly, belong to those different socio-economic environments. Based on a panel data of 1771 French and 2057 British firm-year observations during the period 2002–2012, we show that all firms considered manage earnings to beat zero and last year’s earnings…
Conflict and the Evolution of Societies
2012
The Malthusian theory of evolution disregards a pervasive fact about human societies: they expand through conflict. When this is taken account of the long-run favors not a large population at the level of subsistence, nor yet institutions that maximize welfare or per capita output, but rather institutions that maximize free resources. These free resources are the output available to society after deducting the payments necessary for subsistence and for the incentives needed to induce production, and the other claims to production such as transfer payments and resources absorbed by elites. We develop the evolutionary underpinnings of this model, and examine the implications of free resource …
Conflict and the Evolution of Societies
2012
The Malthusian theory of evolution disregards a pervasive fact about human societies: they expand through conflict. When this is taken account of the long-run favors not a large population at the level of subsistence, nor yet institutions that maximize welfare or per capita output, but rather institutions that maximize free resources. These free resources are the output available to society after deducting the payments necessary for subsistence and for the incentives needed to induce pro- duction, and the other claims to production such as transfer payments and resources absorbed by elites. We develop the evolutionary underpinnings of this model, and examine the implications of free resourc…
Energy Communities in urban areas: Comparison of energy strategy and economic feasibility in Italy and Spain
2023
Energy communities using renewable energy sources directly contributes to reduction of climate-change gas emissions and energy consumption in the European Union. In addition, energy communities enable citizens to transform from (passive) consumers to prosumers (active consumers and producers) and to play a proactive role in the deployment of energy transition in urban areas. As the transposition of European rules about energy communities into the national laws of EU Member States is very articulated and differentiated, this study proposes a framework to analyze and compare regulatory and financial instruments. This framework is applied to the analysis of the case of Italy and Spain, as repr…
Which firms benefit from investments in green energy technologies? : The effect of energy costs
2019
Abstract Firms will invest in green energy technologies only if these investments have an economic pay-off. Based on unique firm-level data from Austria, Germany, and Switzerland, we find that the marginal effect of investments in green energy technologies on productivity is positive only for the 19% of firms with the highest energy costs. These results have major implications for companies and policy makers regarding the design of green energy policies and incentives.
Doctrinal and Model Conditions of Family Support. International Recognition
2020
The article raises the issues of social activity aimed at supporting families. In particular, reference is made to the classic concepts of political models of the state organized according to the principles of liberalism, socialism and socliberalism as the middle ground between the first two. On the foundation of political assumptions, proposals are built of model family support arranged in three different circumstances of state governance. Three respective models of family support are outlined, which refer to the liberal, socialist and socliberal assumptions. Each of the models is discussed, i.e. the incentive, the caring, and the partnership model. The concept of family support models can…
Selection bias and incentives to firms in development programs: an ex-post evaluation of an aid scheme for Sicily
2014
This paper focuses on the evaluation of an aid scheme included in a larger local development program framework implemented in Italy during the 2000-2006 cycle of EU Structural Funds. It follows a previous analysis (Cusimano & Mazzola, 2014) on the ex-post evaluation of the effectiveness of the resources allocated to aid schemes included in the Italian territorial integrated projects (TIPs) and aims at identifying the possible presence of selection bias in measuring the effectiveness of the policy. Previous results showed a partial effectiveness of the program, at least with reference to employment and sales. The objective of this work is to investigate the role of the selection process in i…
Incentives, Service Quality, and Regulation: An Application to the Airline Industry
2012
El sector aéreo presenta interesantes retos para el investigador. Se trata de un sector complicado debido, entre otras características, a las siguientes: escasos márgenes de beneficios, elevadas barreras de entrada y salida, alta sensibilidad a ciclos económicos, y la regulación y competencia. Desde los años 90, Europa ha vivido un proceso de desregulación en el tráfico aéreo. Ello ha supuesto una reorganización de las redes desde rutas completamente conectadas (fully-connected) hacia redes con aeropuertos base (hub-and-spoke). No debemos olvidar que sobreviven mercados que están regulados de acuerdo con la calificación de “obligación de servicio público” – en España tenemos el caso de las …
Intellectual property strategies and firm growth : evidence from Finnish small business data
2012
The goal of this study is to shed light on the relationship between intellectual property (IP) strategies and firm growth. In brief, IP strategies are means of capturing returns on innovation investments. Employment effects and sales growth effects of innovations have been studied extensively in both theoretical and empirical economic literature but prior research has seldom included IP strategies into the analysis. There is little knowledge, whether there exists growth rate differences among firms that use different IP strategies and do patenting firms effectively demonstrate stronger growth than their non-patenting counterparts. Present study considers IP strategies as potential firm grow…
Expectations as Reference Points: Field Evidence from Professional Soccer
2015
We show that professional soccer players and their coaches exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that players breach the rules of the game, measured by the referee’s assignment of cards, significantly more often if their teams are behind the expected match outcome, measured by preplay betting odds of large professional bookmakers. We further show that coaches implement significantly more offensive substitutions if their teams are behind expectations. Both types of behaviors impair the expected ultimate match outcome of the team, which shows that our findings do not si…