Search results for "institutional"
showing 10 items of 516 documents
Mergers in higher education
2015
ABSTRACTIn this special issue of the European Journal of Higher Education, a number of experienced scholars provide a broad picture of the most recent round of mergers involving higher education institutions in Europe and beyond. In doing so, they address issues pertaining to the different phases described above and from various theoretical perspectives and in the light of particular historical trajectories and institutional conditions. The primary aim is to provide both an empirical account of recent developments as well as an initial foundation for more sophisticated and robust conceptual models used to illuminate on the complex phenomenon surrounding mergers in higher education, and, in …
One and two equals three? The third mission of higher education institutions
2015
In modern, knowledge-based societies, universities play an increasingly important role in achieving economic growth and social progress. Their traditional roles and missions are being broadened as to accommodate activities that facilitate engagement with various stakeholder groups. Universities do not want to be regarded as isolated and separated islands from their surrounding communities and have therefore developed internal mechanisms to bridge their activities with the needs and expectations of external actors. In this paper, we take stock of recent scholarly work and ongoing debates surrounding universities’ third mission (TM). Broadly speaking, TM refers to the changing roles and funct…
Involving Universities in Regional Upgrading in the Periphery: Lessons from Northern Europe
2017
This chapter presents and discusses two cases of regional upgrading involving public-run universities in two Northern European countries, Norway and the Netherlands. More specifically, it illuminates how academic groups associated with the field of medicine took pro-active steps to establish and further develop regional coalitions which, over time, have resulted in situated learning. The focus on processes of university-regional engagement and mutual satisfaction in a context where universities are pressured to be globally excellent allow lessons to be drawn for regions in Southern Europe. Subtle transfer is nevertheless required to account for universities’ autonomies and organisational ca…
How do community development activities affect the construction of rural places? : A case study from Finland
2019
Community‐based development practices have been seen as the prevailing paradigm for rural development. Rural community development practices are employed especially through local non‐governmental organisations, such as village associations, to ensure that rural communities are vital and attractive places to live. In this article, we explore how community development practices affect and shape rural places. The data were collected in three Finnish villages that each have an active village association and that have adopted community development practices as their method of keeping their village viable. According to the results of our study, the impacts of community practices on rural places c…
The macroeconomic effects of electricity-sector privatization
2021
Abstract We examine the macroeconomic effects of privatizing the ownership structure of the electricity market, using a novel indicator of privatization which covers 90 advanced, emerging market, and developing economies, since 1974. Privatization reforms, on average, improve outcomes in the provision of electricity and have positive macroeconomic effects: output and employment increase in the years following electricity-sector privatization reforms. Reforms are also associated also with an increase in income inequality, but the effects are small, on average. These impacts vary according to the business cycle, quality of institutions, and a country's development status, with macroeconomic a…
Pre-holiday effect, large trades and small investor behaviour
2004
The purpose of this paper is to investigate the existence of a pre-holiday effect in the most important stocks of the Spanish Stock Exchange which are also traded in both the New York Stock Exchange and the Frankfurt Stock Exchange. Our results show high abnormal returns on the trading day prior to holidays. Several tests prove that the Spanish holiday effect is not due to market calendars in the USA or Germany. Also, we prove that the pre-holiday effect is not a manifestation of other calendar anomalies. The study of different liquidity measures suggests that the pre-holiday effect could be due to the reluctance of small investors to buy on pre-holidays, which produces an increase in the a…
Analyzing Social Entrepreneurship from an Institutional Perspective: Evidence from Spain
2010
In recent years, social entrepreneurship (SE) has been regarded as an important source of social, economic and environmental wealth, and many scholars are focusing their inquiries on this emerging area. Little is known, however, concerning the environmental factors that affect this entrepreneurial phenomenon. In this research, we analyze how these factors affect both the emergence and implementation of SE in the highly entrepreneurial Spanish region of Catalonia, using institutional economics as the main conceptual framework. We also apply an inductive theory, building an empirical approach to conducting a multiple-case study in order to develop theoretical propositions that enhance our und…
Empreendedorismo, inovação e internacionalização: o papel moderador das instituições
2021
Abstract The favorable effects of innovation and internationalization on the development of the economies of countries have been prominent factors in multiple management studies. The objective of this document is to make a theoretical review of the studies contained in the ScienceDirect (Elsevier) and ResearchGate databases, to offer an integrating framework of those institutional factors in the countries that favor the positive spillover of these two strategic actions carried out by companies: innovation and internationalization. As a result, we observed that an institutional framework characterized by a simplification of bureaucratic administrative procedures to access the financial resou…
To survive or succeed? : An analysis of biotechnology firms
2017
In this paper, we address the question whether there exists differences in the determinants that support survival versus success of small and medium-sized high-tech firms. We examine this question in the context of Finnish biotechnology industry by analyzing the survival of all dedicated biotechnology firms in the period of 1978–2008. We argue and show that the success and survival of firms are not necessarily driven by similar determinants. Specifically, we find that while the role of different types of alliances, focused market scope as well as legitimacy of the industry seem to be important both ensuring in survival and enhancing successful performance, determinants related to sources of…
Influence of board of directors on firm performance: Analysis of family and non-family firms
2015
This article analyses how board structure can affect both financial and social performance, comparing family and non-family firms. Our theoretical framework is based on the integration of the agency theory, traditionally used in the analysis of the impact of the board on the firm's financial performance, with the stakeholder theory, which is more appropriate in the analysis of the social aspects of the firm. Three main aspects are addressed: the analysis of the firm's social performance; the integration of agency theory with stakeholder theory; and the study of the specific characteristics of family firms' boards. The research confirms that neither the agency theory nor the stakeholder theo…