Search results for "lcsh:HD72-88"
showing 10 items of 32 documents
The role of passion in the quality-value-satisfaction-intentions chain: linear models and the QCA approach for athletes
2019
The aim of this research is to determine the role of passion on future intentions, perceived value, and athletes’ satisfaction in relation to participatory sport events by combining two methodological approaches: linear models and qualitative comparative analysis (QCA). A sample of participatory sporting event athletes (n = 302) was analysed. The results suggest that there is a direct effect of harmonic passion (HP) on future intentions (FI), value (PV) and satisfaction (AS) and a direct effect of obsessive passion (OP) on satisfaction. Considering the indirect effects, both interactions were significant for the effect of perceived quality (PQ) and perceived value on satisfaction. In additi…
Audit fees and cost of debt: differences in the credibility of voluntary and mandatory audits
2019
Despite the extensive research on audit fees, few studies have examined the effect of audit fees on the cost of debt. Based on the credence goods theory, we examine whether the effect of audits on the cost of debt is affected by the type of audit (voluntary or mandatory) and the audit fees, as well as whether there is a combined effect of voluntary audits and audit fees, so that the effect of voluntary audits on the cost of debt is affected by audit fees. Using a sample of Spanish SMEs, we find an asymmetric effect of audit fees on the cost of debt: higher audit fees are associated with a lower cost of debt for voluntarily audited companies, while the association is not significant for mand…
Changes in determinants of the interest margin in today’s economy
2019
This study examined the interest margin following the significant drop in its contribution to credit institutions’ total income. Balance sheet variables, income statement and annual report variables, and external variables were studied separately. Variables that had not previously been studied in the literature were considered, and determinants that had already been studied were revisited after the reduction in the interest margin. The diversification of investment in associated companies and investment in fixed and variable income are causes of this decrease in the interest margin. Higher fees and commissions offset this decrease. Greater size and market power have reduced the interest mar…
Measuring the shadow economy and its drivers: the case of peripheral EMU countries
2019
We adopt a long-run perspective to investigate the size of the shadow economy and explore the trends in this area. The analysis is based on a panel of peripheral EMU countries over the period 1965-2015. Our empirical approach relies on a multiple indicators and multiple causes (MIMIC) framework. This approach is a variant of structural equation modelling (SEM). We used two sets of variables, (i.e. potential determinants and indicator variables) to estimate an underlying (unobserved) index that measures the evolution of the shadow economy. Ascertaining the relative importance of the shadow economy enabled analysis of its relationship with other institutional and social issues (e.g. corruptio…
Revisiting bank failure in the United States: a fuzzy-set analysis
2020
Past financial crises have illustrated the importance of recognising the combinations of factors that can cause financial distress in the banking industry. Accordingly, this study uses fuzzy-set qualitative comparative analysis (fsQCA) to identify the combinations of factors that lead to bank failure. The data consist of 30 annual financial ratio series for 156 U.S. banks over a 15-year period (2001–2015). Identifying combinations of conditions that can produce bank failure is crucial to help regulators and bank managers. The fsQCA presented in this paper sheds light on the relationships between combinations of conditions and bank failure, providing a solution comprising two sufficient and …
How to boost clusters and regional change through cooperative social innovation
2020
The aim of this paper is to illustrate how social innovation is promoted and spread by cooperative clusters in order to develop regional change. This paper focuses on the main drivers of the spreading and exaptation processes of social innovation. The cooperative cluster model, the exaptation concept, the top-down approach, the meso-institutions concept and the meso-level perspective are used to capture the strategic approach of spreading social innovation. The study analyses two successful clusters: Mondragon, made up of industrial SMEs, and Anecoop, an agricultural cooperative group, both leading clusters in their respective region. Qualitative methodology is used to compare both case stu…
A Multifunctional Public Lighting Infrastructure, Design and Experimental Test
2017
Nowadays, the installation of efficient lighting sources and Information and Communications Technologies can provide economic benefits, energy efficiency, and visual comfort requirements. More advantages can be derived if the public lighting infrastructure integrates a smart grid. This study presents an experimental multifunctional infrastructure for public lighting, installed in Palermo. The system is able to provide smart lighting functions (hotspot Wi-Fi, video-surveillances, car and pedestrian access control, car parking monitoring and support for environmental monitoring). A remote control and monitoring platform called “Centro Servizi” processes the information coming from…
On Thermoeconomic Diagnosis of a Fouled Direct Expansion Coil: Effects of Induced Malfunctions on Quantitative Performance of the Diagnostic Technique
2017
Thermoeconomic diagnosis represents a promising technique for the detection of common faults in refrigeration systems, which are responsible of degradation in their energetic performance. Recently, the authors have carried out a sensitivity analysis of the performance of this method to the thermodynamic conditions of inlet air and to the geometry of the direct expansion coil, in case of degradation induced by evaporator fouling. The analysis showed that the method is able to detect this fault, but sometimes its quantitative assessments are not satisfactory. In order to understand more in-depth the origin of such results and identify margins for refinement of the technique, this paper is aim…
Optimization of photovoltaic energy production through an efficient switching matrix
2013
This work presents a preliminary study on the implementation of a new system for power output maximization of photovoltaic generators under non-homogeneous conditions. The study evaluates the performance of an efficient switching matrix and the relevant automatic reconfiguration control algorithms. The switching matrix is installed between the PV generator and the inverter, allowing a large number of possible module configurations. PV generator, switching matrix and the intelligent controller have been simulated in Simulink. The proposed reconfiguration system improved the energy extracted by the PV generator under non-uniform solar irradiation conditions. Short calculation times of the pro…
Who cares? Evidence on informal and formal home care use in Estonia
2019
Despite increasing attention to long-term care (LTC) and related challenges in the Estonian social policy agenda, the distributional fairness of LTC services in the country has received very limited attention. Using SHARE data, we address informal and formal home care services and identify the socio-economic factors that drive or hinder their use among the Estonian elderly. The relationship between informal and formal home care utilization is estimated applying the new approach to instrumental variable method proposed by Lewbel [2012. Using heteroscedasticity to identify and estimate mismeasured and endogenous regressor models. Journal of Business and Economic Statistics, 30(1), 67–80]. We …