Search results for "profit"

Introducing in a Non-Profit Organisation a CSR Strategy through a Learning Oriented Perspective: the Emssanar case-study

2008

Economic comparison between offshore and inshore aquaculture production systems of European sea bass in Italy

2014

Abstract Offshore production system is predicted to increase in the near future driven by the lack of coastal space and lower environmental impacts. The aim of this paper has been to evaluate the economic performance of offshore production system respect to inshore one, by comparing net present value (NPV), discounted payback time (DPBT) and internal rate of return (IRR) of two Italian mariculture farms that produce European sea bass. Results showed a better economic profitability of offshore farm, even if sensitivity analysis revealed that financial indicators of both aquaculture production systems have been very sensitive to market condition changes. So, offshore production system could r…

Interest Rates and Net Interest Margins: The Impact of Monetary Policy

2017

In this chapter, we examine the determinants of bank net interest margin, focusing on the effect of interest rates, and thus monetary policy decisions. The analysis is carried with a panel of banks from 32 OECD countries over the period 2003–2014. The results show a quadratic relationship between net interest margins and interest rates, implying that the variation of the latter has a greater effect when interest rates are low. An important policy implication of the results is that there is a trade-off between economic growth and financial stability associated with the impact of expansionary monetary policy when the level of interest rates is very low. As a result, if the current scenario of…

Do microfinance rating assessments make sense? An analysis of the drivers of the MFI ratings

2011

Rating assessments of microfinance institutions are claimed to measure a combination of creditworthiness, trustworthiness and excellence in microfinance. Using a global dataset covering reports from 324 microfinance institutions, this study suggests that these ratings are mainly driven by size, profitability, and risk. The ratings do not seem to capture the double bottom-line objective of microfinance institutions, as our analyses are unable to prove any statistical relationship between microfinance ratings and the social objectives of these institutions. Moreover, the association between operational efficiency and microfinance ratings appears weak. Although there are some minor differences…

Cryptocurrency as an Investment Instrument in a Modern Financial Market

2019

This paper considers the development of attractive strategies featuring cryptocurrency assets, considering their costs and potential risks. The object of analysis in this paper is cryptocurren- cy as an investment instrument. The main hypothesis of the research is that modern portfolio theory can be applied to cryptocurrency investments to design an investment portfolio with appropriate risk and profitability characteristics. The authors of the paper: (i) place crypto- currencies in the context of modern financial market and financial technology development; (ii) develop assessment criteria for determining attractiveness of individual cryptocurrencies; and (iii) develop recommendations for …

East Asia in the Global Economy: Theoretical and Empirical Questions for Marxism

2019

As Marxism and socialism pass through watershed years it is important to reflect on the abiding questions of Marxist theory and empirical analysis. This article takes up this task in the context of East Asia under the impetus of globalisation and neo-liberalism, introducing a collection of five articles collected in the special issue. The article shows that questions Marx posed about the global economy more than a century ago remain prescient and continue to animate cutting-edge research, as shown in the articles in this special issue.

Economic reasoning and creative industries progress

2017

ABSTRACTThis article offers a theoretical discussion on how major neoclassical economic theory assumptions blur the understanding of creative industries. By distinguishing between creative-rational and creative-intuitive industries, with different compositions of commercial and cultural attributes, we particularly show how the latter sector has characteristics and dynamics that are incompatible with a theory based on preference rationality, profit maximisation and equal access to information among actors. When customer utility is composed of economic, as well as aesthetic, spiritual, social, historical, symbolic and authenticity values, then all these will affect customers' willingness to p…

Getting a Grip on the Private Sport Sector in Europe

2017

Contemporary sport is organized and developed around public, voluntary and private sectors. Especially public and voluntary sport sectors have been approached in recent publications in Europe, where sport has traditionally been formed around state involvement and non-profit sport clubs. Private sport sector has received less attention in research because the field is multidimensional, fragment and difficult to define. Private sport sector comprises all profit making, commercial companies and other organisations and events that produce and sell sport goods and services with the aim of making monetary profit. The demand for sport-related products and services has been growing for many years. …

Entrepreneurship Training and Self-Employment among University Graduates

2012

In economies characterized by low labor demand and high rates of youth unemployment, entrepreneurship training has the potential to enable youth to gain skills and create their own jobs. This paper presents experimental evidence on a new entrepreneurship track that provides business training and personalized coaching to university students in Tunisia. Undergraduates in the final year of licence appliquee were given the opportunity to graduate with a business plan instead of following the standard curriculum. This paper relies on randomized assignment of the entrepreneurship track to identify impacts on labor market outcomes one year after graduation. The analysis finds that the entrepreneur…

A decision support system based on multisensor data fusion for sustainable greenhouse management

2018

The sustainable exploitation of natural resources is nowadays an important challenge for governments and institutions, considering the expected increase of the world population. In order to respond to this emergent criticality, the principles of green economy have been introduced in the European policy discussion to achieve a good compromise between the sustainability and the profitability of productions by increasing the efficiency of farming operations. Such approach poses some technical and financial challenges for small-sized enterprises because they generally do not possess adequate internal knowledge, nor they can acquire external expertise due to their budget restrictions. Decision S…