Search results for "leverage"
showing 10 items of 100 documents
Knowledge behaviors when the commons are at stake: Insights from the Covid-19 crisis
2020
How do people’s beliefs on the likely system-level consequences of circulating a certain piece of knowledge influence those people’s knowledge behaviors? To address this question, we leverage the most recent developments of the theory of the commons as learning systems. According to this theory, people are strongly responsive to perceived threats to the commons they (may) benefit from, and strive to learn and respond accordingly. Through this theoretical lens, we analyze thick qualitative data (January-April 2020) from the Covid-19 crisis, which resulted in unprecedented visibility of commons-related knowledge behaviors. The contribution of this inductive study is fourfold. First, we identi…
On the use of unmanned aerial systems for environmental monitoring
2018
[EN] Environmental monitoring plays a central role in diagnosing climate and management impacts on natural and agricultural systems; enhancing the understanding of hydrological processes; optimizing the allocation and distribution of water resources; and assessing, forecasting, and even preventing natural disasters. Nowadays, most monitoring and data collection systems are based upon a combination of ground-based measurements, manned airborne sensors, and satellite observations. These data are utilized in describing both small-and large-scale processes, but have spatiotemporal constraints inherent to each respective collection system. Bridging the unique spatial and temporal divides that li…
Leverage and Family Firms
2020
This chapter analyses the relationship between ownership structure and leverage, providing an integrated theoretical approach that combines traditional financial theories, agency theory, and recently developed theories relating to non-financial preferences. The results show that, after controlling for endogeneity, being a family firm has a positive effect on the propensity to incur debt. These findings add to the existing body of literature and underline the need for a multi-theoretical approach when explaining the capital structure of family firms. The authors apply panel data methodology to control for individual heterogeneity of family firms. The chapter uses a sample of Spanish firms op…
“Face the cow”: reconnecting to nature and increasing capacities for pro-environmental agency
2020
Arts-based practices can support sustainability, combined with research that points out needs for intervention. We practiced environmental sensitivity and dialogic art with fifth-grade school pupils as part of an International Socially Engaged Art Symposium (ISEAS2019). Using arts-based action research methodology, our case study focused on the opportunities of arts-based environmental education in advancing the management of meadows and wood-pastures. We explored nature connectedness and pro-environmental mindsets and behaviors among the pupils and artists/researchers. The artistic results encompassed the dialogic interactions of the intervention, exhibited artworks, and audiovisual docume…
Le leverage buy-out
1998
Les acquisitions de sociétés à l'aide d'un holding endetté, ou leverage buy-outs (LBO), ont connu un essor remarquable aux Etats-Unis (depuis les années 1970) et en Europe (à partir des années 1980). Ces opérations permettent aux acquéreurs (capital-investisseurs, personnes physiques...), de conserver ou d'acquérir le contrôle de la société visée tout en minimisant leurs apports en fonds propres. La première partie de cet article est consacrée aux montages de ces opérations et à la mobilisation des effets de leviers juridiques et financiers. Après une présentation du marché français des LBO, la seconde partie étudie l'évolution de la performance de la cible et la longévité de ces opérations.
L'incidence des LBO sur la politique d'investissement et la gestion opérationnelle des firmes acquises:le cas français
2002
Cet article étudie dans quelle mesure la politique d'investissement ainsi que la gestion opérationnelle des firmes françaises reprises dans le cadre d'un leveraged buy-out (LBO) peuvent expliquer la dégradation de leur surperformance après l'opération. L'étude empirique porte sur 132 LBO réalisés en France de 1989 à 1994. Les résultats obtenus montrent qu'on ne peut expliquer la réduction anormale de la rentabilité économique de ces firmes par un effet mécanique imputable à des surinvestissements, ni par une dérive de la gestion de leurs actifs et passifs d'exploitation. En revanche, l'augmentation des frais de personnels ainsi que des consommations intermédiaires et/ou des réductions de pr…
Structural Dynamics of Interfirm Knowledge Networks
2016
In this chapter, we investigate the drivers of interfirm network structural dynamics and their influence on knowledge creation and diffusion processes that occur in such networks over time. Interfirm knowledge networks are complex webs of linkages connecting a variety of idiosyncratic firms within and across industries. Aimed to contribute to answer the recent calls for a more dynamic and multilevel view to understand network structures and processes, we leverage the complex network research to formulate a multilevel theoretical framework that clarifies the structural dynamics and knowledge creation and diffusion potential of interfirm networks.
CLUSTER APPROACH AS ONE OF DETERMINANTS FOR INCREASING COMPETITIVENESS OF RIGA FREEPORT
2011
The cluster-based approach offers a new way of dividing and understanding an economy and competitiveness. The main objective of the present study was to reveal the influence of industrial clusters on Freeport’s of Riga business competitiveness and integrated development. The cluster environment stimulates competitiveness and competition inside the cluster and the industry. One of the reasons for the current problems of Latvia’s competitiveness is the low level of business entities’ co-operation and business integration in the national economy of Latvia and the Freeport of Riga in particular. Companies are isolated in their approaches to increasing their competitiveness and entering the glob…
Goodwill and Criteria for its Recognition in Financial Statements
2004
The article summarises a research on goodwill which is one of the most controversial assets. The research includes a comparison between the descriptions of the economic nature of goodwill and an analysis of various valuation methods and accounting policies. The article discusses the internationally recognised problem that there coexist several accepted methods of accounting for goodwill arising from the acquisition of an enterprise, as a result of which the accountancy data of different enterprises and countries are incomparable.
Rethinking Learning Design in IT Education During a Pandemic
2021
Maintaining high-quality teaching and learning in the times of a pandemic poses a huge challenge to education systems. To scaffold adequate practices in our courses during the pandemic, more advanced, and fine-grained “learning design” is needed than providing the learning objectives and learning materials of the course and defining the deliverables and assignments. In this paper, we leverage on our experience with putting into practice different learning designs and technologies, in various information technology (IT) contexts and discuss how IT educators can further reflect on the learning design of their courses and scaffold fully remote or blended learning approaches to accommodate thei…