Search results for "institutional"
showing 10 items of 516 documents
Manifesto for the future of work and organizational psychology
2019
© 2019, © 2019 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This manifesto presents 10 recommendations for a sustainable future for the field of Work and Organizational Psychology. The manifesto is the result of an emerging movement around the Future of WOP (see www.futureofwop.com), which aims to bring together WOP-scholars committed to actively contribute to building a better future for our field. Our recommendations are intended to support both individuals and collectives to become actively engaged in co-creating the future of WOP together with us. Therefore, this manifesto is open and never “finished.” It should continuously evolve, based on an ongo…
The institutionalization of universities’ third mission: introduction to the special issue
2015
Globally, debates on the notion of a third set of activities aimed at linking higher education institutions more closely with surrounding society are not new. In the last decade or so, calls for a re-engagement of the university in helping to tackle the great challenges facing societies and local communities have propelled the third mission to the forefront of policy discussions – this time under the mantra of ‘relevance’ and ‘social impact’. Yet, as some of the articles in this special issue attest, there is a fundamental tension in the notion of a third mission. The chief aim of this special issue is to provide a critical assessment of the extent to which the third mission has become an i…
Special Issue on Higher education and its clients : institutional responses to changes in demand and in environment
2002
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John M. Clark and frank H. Knight on the adding-up theorem, overhead costs, and more
2018
This note offers new archival insight into a 1925 polemical exchange between Frank Knight and John Maurice Clark that was hosted in the pages of Journal of Political Economy. Although the exchange centered on the effects of overhead costs on marginal productivity theory and the so-called adding-up theorem, it also provided significant elements to assess the methodological differences between two of the most representative American economists of the interwar years.
The Protocol on Trade and the Creation of the Southern African Development Community Free Trade Area
2017
The author offers a much-needed analysis of regional economic integration in the SADC and explains the successful establishment of the SADC Free Trade Area. He outlines the demand for regional market integration in the SADC’s member states from a structural perspective in consideration of intra-regional economic interdependence and trade relations. Against this background, this chapter provides an explanation of the specific provisions of the SADC Protocol on Trade that determined the institutional design of the free trade area. In this respect, Muntschick highlights the key role of South Africa as the regional economic hegemon. Finally, this chapter evaluates the performance of the SADC Fr…
Institutions, institutional quality, and international competitiveness: Review and examination of future research directions
2021
Abstract The importance of institutions has become more relevant analytically in recent years, emphasizing the significance of an appropriate institutional framework for international competition. This paper aims to identify the link between institutions, institutional quality, and international competitiveness. Following the TCCM (Theory, Context, Characteristics, and Methodology) framework analysis, proposed by Paul & Rosado-Serrano (2019) , we conducted a systematic literature review of top tier journals during the period 2000–2020. This review unfolds the theoretical and empirical studies regarding institutions, institutional quality, and international competitiveness. Main findings rev…
Foreign institutional investors and dividend policy: Evidence from China
2017
Abstract This study examines whether foreign institutional investment influences firms’ dividend policies. Using data from all domestically listed nonfinancial firms in China during the period of 2003–2013, we find that foreign shareholding influences dividend decisions and vice versa. Furthermore, changes in dividend payments over time positively affect subsequent changes in foreign shareholding, but the opposite is not true. Our study indicates that foreign institutional investors do not change firms’ future dividend payments once they have made their investment choices in China. Moreover, they self-select into Chinese firms that pay high dividends. Our evidence suggests that in an instit…
The Institutional Determinants of Private Equity Involvement in Business Groups: The Case of Africa
2018
This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We adopt an actor centered institutional-theoretic perspective in rationalizing institutional voids and the advantages of maintained governance by both business angels (BA) and venture capital (VC) private equity. Our findings reveal private equity retain higher post-IPO ownership in business group constituents compared to unaffiliated firms and that this is inversely moderated in the context of improving institutional quality – w…
The effect of entrepreneurial orientation on firm performance: a multigroup analysis comparing China, Mexico, and Spain
2020
Abstract This article analyzes firm entrepreneurial orientation across different contexts. In the light of the existing literature on entrepreneurship and institutional theory, it departs from the hypothesis that the context in which firms operate determines the importance of each dimension comprised in the multidimensional concept of entrepreneurship orientation, thus moderating its effect of on firm performance. The sample for this study is composed of both small and medium-sized firms from three countries: China, Mexico, and Spain. In the means of testing our hypothesis and thus quantifying the moderating effect of context, a structural equation model PLS-SEM technique and, specifically,…
The influence of institutions development in venture creation decision: A cognitive view
2016
Abstract This study seeks to provide new evidence on the way men and women process information in venture creation decision (VCD) and on the differences that may arise when taking this decision depending on the level of development of countries and their institutions. To reach this objective, this study carries out an experiment and identifies 120,536 people from 25 countries. Results indicate that institutions are necessary but not sufficient to achieve quality entrepreneurship, and that information processing is different between men and women, because women, regardless of the level of institutional development, process information similarly, whereas men do not.