Search results for "profit"
showing 10 items of 406 documents
Financial winners and losers since the privatization of the English and Welsh water and sewerage industry: a profit decomposition approach
2020
Evaluating changes in profit, price and productivity over time can be of great importance for regulated water industries. We investigate the drivers of profit, price (capital, labour and other inputs) and productivity change (cost efficiency change, technical change and scale effect) and the recipients of productivity change (consumers, the business itself, employees and other resource suppliers) of the English and Welsh water and sewerage companies over the period of 1995–2016. The results indicate that the profit decreased over time due to the negative quantity effect, which offset the positive price effect. A further decomposition of the quantity effect illustrates the negative impact of…
Trade, financial openness and dual banking economies: Evidence from GCC Region
2021
Abstract The recent wave of liberalization in Gulf Cooperation Council (GCC) countries has opened up a debate on the role of Islamic finance in the financial development of an economy. Using a comprehensive dataset of 43 Islamic and 49 conventional banks for the period 2007–2015, in this paper, we investigate the impact of trade and financial openness on financial development in the GCC region. We find that trade and financial openness have a positive effect on the profitability of both banking systems, while the interaction term of openness is negative for the profitability of Islamic banks. Moreover, trade and financial openness affect Islamic banks differently than conventional banks. No…
2019
Research Summary We explore the qualitative differences in entries and exits over time. Using qualitative and quantitative data on 96 firms over 200 years, we study industry evolution from the perspective of individual decision‐making situations. Our historical and statistical analyses reveal the vital role of technology investments in determining firm outcomes, and the technological, institutional and governance dynamics that lead firms to invest or to abstain. Our main theoretical and methodological contribution concerns the importance of the multiplicity of firm‐level rationalities and decisions as fundamentals in theorizing on industry evolution. Managerial Summary What determines firm …
L'efficacité des privatisations françaises : une vision dynamique à travers la théorie de la gouvernance
2004
International audience; A reading of the process of privatization through the corporate governance theory leads to propose a model taking into account, on the one hand, the time dimension of the process of privatization, on the other hand, the contextual, organizational, governance and strategic variables which influence this process. After replicating some traditional tests, we test this model on a sample of French privatized firms and on a seven years horizon. The positive effect traditionally attributed to privatizations is not confirmed. The importance of the effect is subordinated to some of the suggested variables.; Une lecture du processus de privatisation à travers la théorie de la …
The industry effect and the decision to integrate vertically in a crisis context
2019
The objective of this work is twofold: firstly, to study if the characteristics of the industry affect certain financial and strategic decisions of manufacturing firms and, secondly, to determine i...
Operational and financial performance of Italian airport companies: A dynamic graphical model
2016
Abstract This paper provides evidence on the relationship within a set of financial and operational indicators for Italian airports over 2008–2014. The limited sample size of national and regional airports suggests to apply the penalised RCON ( V , E ) model, which falls within the class of Gaussian graphical models. It provides both estimate and easy way to visualise conditional independence structures of the variables. Moreover, it is particularly suitable for handling longitudinal data where small number of units and huge number of variables have been collected. Findings highlight that a qualified concept of size matters in determining good financial performance. Specifically, increasing…
Semantically-enhanced advertisement recommender systems in social networks
2016
El suministro de recomendaciones en los sistemas sociales lleva ya algún tiempo en el punto de mira tanto de los académicos como de la industria. Los gigantes de las redes sociales como Facebook, LinkedIn, Myspace, etc., están ansiosos por encontrar la bala de plata de la recomendación. Estas aplicaciones permiten a los clientes dar forma a unas determinadas redes sociales a través de sus comunicaciones sociales cooperativas cotidianas. Mientras tanto, la experiencia online actual depende progresivamente de la asociación social. Una de las principales preocupaciones en la red social es establecer un plan de negocio exitoso para obtener más beneficios de la red social. Hacer un negocio en ca…
Jyväskylän yliopiston tietotekniikan opiskelijoiden osaamisen ja toimialan tarpeiden kohtaaminen Keski-Suomessa
2012
Tutkimuksen tavoitteena oli selvittää kuinka hyvin Jyväskylän yliopiston tietotekniikan laitoksen opiskelijoiden taidot vastaavat toimialan tarpeita. Tietoa opiskelijoiden osaamisesta saatiin heille tehdystä kyselystä sekä tietotekniikan kandidaatin tutkinnon osaamistavoitteista. Tietoa yritysten tarpeista kerättiin alan työpaikkailmoituksista sekä Keski-Suomen alueen yrityksille tarjottujen PROFIT-koulutusten aiheista. Saatuja tietoja vertaamalla saatiin selville, että opiskelijoiden taidot vastaavat hyvin toimialan tarpeita sekä kansallisesti, että Keski-Suomessa.
L'abuso del diritto negli enti no profit
2015
Identifying Portfolio-Based Systematic Risk Factors in Equity Markets
2015
Four new prominent asset pricing factors have recently been proposed. We test whether these factors fulfill necessary conditions for qualifying those as risk factors. We show that the investment and betting-against-beta factors fulfill these conditions. However, the profitability and quality factors do not fulfill these conditions pointing towards non-risk-based explanations.