Search results for "institutions."
showing 10 items of 331 documents
Quantifying Structural Subsidy Values for Systemically Important Financial Institutions
2013
Abstract Claimants to Systemically Important Financial Institutions (SIFIs) would receive transfers when governments are forced into bailouts. Ex ante, this bailout expectation lowers SIFIs’ daily funding costs. The funding cost advantage reflects both the structural level of the government support and the time-varying market valuation for such a support. Based on a large worldwide sample of banks, we estimate the value of the structural subsidy, by exploiting expectations of state support embedded in credit ratings and by applying the long-run average value of the rating bonus. The value of the structural subsidy was already sizable, 60 basis points (bp), as of the end-2007, before the cri…
Reflections on civil culpability and accountability in the destabilization of financial institutions
2010
PurposeThe purpose of this paper is to try and trace a new itinerary in the matter of the destabilization of financial institutions, i.e. the identification of a catalogue of measures that private law can offer in order to make sure that all unlawful initiatives resulting in the loss of credibility of financial markets and prejudice to the public at large do not escape the imposition of all possible liabilities.Design/methodology/approachThe matter here applied consists of the recourse to a number of experiences deriving from European legal systems that have tackled the phenomenon of unlawful attacks on the integrity of the financial markets through individual or organized acts. This compar…
The distributional effects of capital account liberalization
2018
Abstract Episodes of account liberalization increase the Gini measure of inequality, based on panel data estimates for 149 countries from 1970 to 2010. These episodes are also associated with a persistent increase in the share of income going to the top. We investigate three channels through which these impacts could occur. First, the impact of liberalization on inequality is stronger where credit markets lack depth and financial inclusion is low; positive impacts of liberalization on poverty rates also vanish when financial inclusion is low. Second, the impact on inequality is also stronger when liberalization is followed by a financial crisis. Third, liberalization seems to alter the rela…
The Role of Firms and Institutional Actors in Developing the Catania Nanotech Network
2009
Obiettivo del lavoro e` quello di esaminare nell`ambito dell sviluppo regionale l`importanza della rete di imprese quale attore istituzionale inserito all`interno delle strutture socioeconomiche locali. In tale ambito si osserva come l`interazione pubblico-privato e` essenziale per supportare le istituzioni locali in aree economiche in ritardo come la Sicilia
Funzione riflessiva e sostenibilità organizzativa: Verso un modello di comprensione e trasformazione del disegno istituzionale nelle organizzazioni s…
2018
Il lavoro presenta la “funzione riflessiva” come modello concettuale attraverso il quale concepire il benessere/malessere lavorativo in termini di epifenomeno di specifiche modalità di funzionamento e comportamento del sistema organizzativo. La “funzione riflessiva” delle organizzazioni non attiene alla competenza razionale di pensiero, non è solo un fatto individuale ma, soprattutto, non può ritenersi un assunto normale e consueto di funzionamento organizzativo; è, piuttosto, una rilevante eccezione che va pazientemente costruita e monitorata ogni giorno, a tutti i livelli dell’organizzazione, da quello direzionale a quello manageriale, fino ai ruoli operativi. The work introduces the "ref…
Financial institutions’ risk profile and contribution to the sustainable development goals
2021
This study analyses the impact of Spanish financial institutions’ risk profile on their contribution to the 2030 Agenda. Financial institutions play a significant role in ensuring financial inclusion and sustainable economic growth and usually incorporate environmental and social considerations into their risk management systems. The results show that financial institutions with less capital risk, with lower management efficiency and with higher market risk usually make higher contributions to the Sustainable Development Goals (SDGs), according to their sustainability reports. The novel aspect of the present study is that it identifies the risk profile of financial institutions that incorpo…
Integration Through Participation Introductory Notes to the Study of Administrative Integration
2002
When aiming at studying the interconnectedness of administrative systems - and in particular the integration of domestic governance systems and the institutions of the European Union - at least two variables are important to address: (i) the intensity and frequency of cross-level interaction and participation amongst the members of these systems, and (ii) the principles of organization being uppermost at both levels of governance. This article argues that in order to measure administrative integration, particular emphasis should be attached to the way these variables impact upon the organization members individually. Put more precisely, I argue that studies of administrative integration sho…
Loneliness of seniors in long-term care institutions and COVID-19 restrictions
2022
The ageing of society is a significant social and economic challenge in the 21st century Europe. The article analyses loneliness and social isolation among seniors in long-term care (LTC) institutions, as well as how COVID-19 restrictions influence their social isolation. Loneliness and social isolation are different phenomena, but they are interconnected. The feeling of loneliness is a person’s psychological state, but it is especially exacerbated among seniors. Loneliness is closely linked to the deficit of social relations. The study employs a mixed methods approach: a survey using the UCLA Loneliness Scale and semi-structured interviews with social workers in LTC institutions during the…
From Face-to-Face to Online UDeL Camps: Supporting Staff at Higher Education Institutions in Developing Universal Design for eLearning (UDeL)
2021
The TINEL Project is running a series of camps for staff at higher education institution to support them in developing inclusive eLearning. The first camp was conducted face-to-face, but the coronavirus pandemic meant that the second camp was conducted online. This created a case study in inclusive eLearning in itself and allowed us to experience and reflect on the challenges and opportunities of inclusive online teaching and learning. This paper presents the structure and content of the two camps, our reflections on moving from a face-to-face to an online situation and our elaboration how the UDL principles apply to eLearning to create Universal Design for eLearning (UDeL). We found that b…
Responsible Universities in Context
2019
AbstractIn this introductory chapter, the concept of the responsible university is introduced and put into context, first concerning other organisations and society at large, secondly in a historical perspective and thirdly related to policy initiatives across the globe. We also discuss how to implement this concept within the complex organisations that universities constitute. Lastly, we present some key features of the Nordic countries and introduce the empirical chapters of the book.