This paper analyses the degree of persistence of financial efficiency for the hospitality and tourism industry in India. The paper deploys the Data Envelopment Analysis technique to generate overall technical efficiency scores as well as pure technical efficiency scores. Furthermore, a dynamic panel technique proposed by Arellano and Bond (1991), is employed to test the degree of persistence of financial efficiency and its key determinants. The results confirm positive and significant persistence of efficiency for the sample firms from the hospitality industry in India. The overall results indicate that hospitality firms in India can create entry and exit barriers to generate positive persistence of financial efficiency. The study suggests regulators specifically focus on policies that can enhance the competitive dynamics of the industry. Such measures may make it imperative for the management of the firms in the sector to streamline their financial management policies to control costs and devise methods for the enhancement of revenues.
相似文献The traceability of the supply chain with strict compliance with the specification to demonstrate in "transparency" the production processes in compliance with legislation and from a corporate social responsibility perspective, represents a fundamental requirement at the basis of competitive advantage in the food industries (Patelli and Mandrioli, J Food Sci 85: 3670–3678, 2020). The purpose of this work is to illustrate the innovative method for the certification and protection of the production phases of the DOP food chain and specifically the Mozzarella DOP of Gioia del Colle produced by the company Capurso Azienda Casearia Srl. This innovative approach consists of several phases that will be described in detail in the following paper. Besides, the idea of the introduction of Blockchain technology in an industry like this is an important step. This technology, associated with more accurate and intelligent management of the data acquisition process (Big data approach), optimizes the productivity of small businesses such as the dairy company. Blockchain technology guarantees security in the management of large amounts of data as never before possible, an innovative and experimental approach that makes the entire path of the production chain more controlled and optimized (Giacalone et al. International workshop on fuzzy logic and applications. Springer, Cham, pp. 218–225, 2016).
相似文献All the main indicators related to entrepreneurship have increased since 2011 (Global Entrepreneurship Monitor 2018, 2019). The positive perception of this phenomenon was boosted by the socio-economic situation and by a specific agent of the entrepreneurial ecosystem: the economic specialized media. The aim of this study is to demonstrate that the economic media has given their readers an excessively positive discourse, linked to success and to the lack of analysis of the entrepreneurial phenomenon. The sample is defined in terms of a linguistic corpus comprising content related to entrepreneurship drawn from the digital editions of the three most important Spanish economic newspapers for the period 2010 to 2018. A systematic standardize assignment of categories to the contents and an analysis of the relationships between those categories has been carried out (Riffe et al. 2019). These categories are ‘number of contents’, ‘information treatment’, ‘percentage of success stories’, ‘percentage of content analysis’ and ‘sources’. The results reveal a clear intention of the media to offer an overly optimistic perception of the entrepreneurial phenomenon considering the survival rate of the projects mentioned. There is evidence for a selection of information linked to success, a lack of follow-up of the stories and a poor preparation by the media, which lacks specialized journalists and, above all, replicates agency contents. This study provides empirical evidence that helps to identify the optimistic perception imposed by the media for the entrepreneurial phenomenon. This perception, together with other relevant facts, contribute to the creation of an ‘information bubble’ (Cervantes-Zacarés 2019) during the period under study.
相似文献Very few studies on multiple jobholding have examined predictors. Most studies have focused on outcomes. The current study examined an interactive predictor of multiple jobholding. Data were extracted from a data set used in a path-analytic study (Mellor and Decker 2020). An interactive perspective was drawn from a motivation framework on extrinsic and intrinsic reasons to hold more than one job, in which a conditional relationship was hypothesized between number of family members supported financially and number of employers. The data confirmed that number of family members supported interacts with importance placed on performance quality by employees as a predictor of multiple jobholding. Implications for work motivation in reference to multiple jobholding research are discussed.
相似文献Mandatory pension systems partially replace old-age income, therefore the government matches additional life-cycle savings in a voluntary pension system. Though the individual saving decisions are apparently independent, the earmarked taxes (paid to finance the matching) connect them. Previous models either neglected the endogenous tax expenditures (e.g. Choi et al., in: Wise (ed) Perspectives in the economics of aging, University of Chicago Press, Chicago, pp 81–121, 2004) or assumed very sophisticated saving strategies (e.g. Fehr et al. in FinanzArchiv Pub Finance Anal 64:171–198, 2008). We create twin models: myopic workers learn (i) from farsighted workers using public information (analytic model) and (ii) also from each other (agent-based model). These models provide more realistic results on saving behavior and the impact of matching on the income redistribution than the earlier models.
相似文献In this paper we study the robustness of the results found recently by Guzzini and Palestrini (J Econ Interact Coord 11:35–55, 2016). Since the original analysis was carried out in a static setting, we perform a dynamic panel analysis by using the same dataset. The inclusion of the lagged value of the endogenous variable, missing in the original paper, could be justified for several reasons. Firstly, the statistical relationship may have itself a dynamical nature; secondly the inclusion of lagged-endogenous variable is a way to mitigate the possibility of an omitted variable problem. We find that the results are only qualitatively the same, and we discuss the quantitative differences.
相似文献This paper extends the endogenous growth agent-based model in Fagiolo and Dosi (Struct Change Econ Dyn 14(3):237–273, 2003) to study the finance–growth nexus. We explore industries where firms produce a homogeneous good using existing technologies, perform R&D activities to introduce new techniques, and imitate the most productive practices. Unlike the original model, we assume that both exploration and imitation require resources provided by banks, which pool agent savings and finance new projects via loans. We find that banking activity has a positive impact on growth. However, excessive financialization can hamper growth. Indeed, we find a significant and robust inverted U-shaped relation between financial depth and growth. Overall, our results stress the fundamental (and still poorly understood) role played by innovation in the finance–growth nexus.
相似文献In this paper, we extend the four-component stochastic frontier model to allow for global spatial dependence via the endogenous spatial autoregressive variable. Our proposed model is more general than the model considered by (Glass et al., 2016) in the sense that we include a random effect as well as a permanent efficiency component. With the spatial autoregressive specification, our model is able to capture the asymmetric efficiency spillovers and also decompose the persistent/transient inefficiencies into direct and indirect efficiencies. Moreover, we also investigate the marginal effects of the exogenous variables on the persistent/transient efficiency. We suggest a maximum simulated likelihood method to estimate the frontier parameters of the model, and we predict the efficiencies using the simulated estimator. Monte Carlo simulations reveal that the suggested estimator performs well in finite samples. An empirical application is considered to illustrate the usefulness of our proposed model and method.
相似文献As earthquakes can result in multi-dimensional negative consequences such as human loss and building damage, the ability to make accurate economic loss estimations immediately after the occurrence is crucial. Unfortunately, in many earthquake-stricken countries such as Iran, governments are often unable to quickly or accurately assess post-earthquake losses. The aim of this paper, therefore, is to extend the model developed by Chan et al. (Nat Hazards 17:269–283, 1998) to two independent variables to develop an earthquake economic loss estimation method based on the economic and socio-economic indices gross domestic product (GDP) and disposable personal income (DPI) and a seismic hazard probability function. A global cell map is also considered to assess the GDP and DPI based on the population in each cell affected by the earthquake. In the final stage, using the Modified Mercalli Intensity Scale, 18 earthquake damaged areas in Iran are taken as case study to estimate the economic losses using the new model presented in this paper.
相似文献We formulate a model in which agents embedded in an exogenous social network decide whether to adopt a new network product or not. In the theoretical part of the paper, we characterize the stochastically stable equilibria for complete networks and cycles. For an arbitrary network structure, we develop a novel graph decomposition method to characterize the set of recurrent communication states, which is a superset of stochastically stable equilibria of the adoption game presented in our model. In the simulation part, we study the contagion process of a network product in small-world networks that systematically represent social networks. We simulate a generalization of the Morris (Rev Econ Stud 67(1):57–78, 2000) Contagion model that can explain the chasm between early adopters and early majority. Our numerical analysis shows that the failure of a new network product is less likely in a highly cliquish network. In addition, the contagion process reaches to steady state faster in random networks than in highly cliquish networks. It turns out that marketers should work with mixed marketing strategies, which will result in a full contagion of a network product and faster contagion rates with a higher probability.
相似文献University business incubators (UBIs) are an important part of the ecosystem that supports entrepreneurial activities and economic development. Extant research has focused on examining UBI activities at a single point in time, but there is a paucity of theoretical and empirical work aimed at understanding the forces that explain why and how UBIs change over time. This is an important gap because establishing a university business incubator does not assure its development and growth. We address this issue by drawing upon the Fisher et al. Academy of Management Review, 41(3), 383-409 (2016) Identity-Legitimacy-Life Cycle model to explain how the pursuit of resources and organizational legitimacy shapes the development of UBIs along key strategic and operational dimensions, which has implications for performance evaluation over time. We illustrate with a case study about the creation and evolution of the DMZ, a leading UBI at Ryerson University in Canada. This case provides new insights about the dynamics of UBIs and their relationships with the entrepreneurial ecosystems in which they are embedded. Implications for future research, management practice, and public policy are discussed.
相似文献Today’s firms, particularly startups, require agile communication to sense and seize opportunities and to adapt to the market as quickly as possible (Picken 2017; Takeuchi and Nonaka 1986). However, scholars have predominantly focused on external communication, taking agile internal communication for granted. This paper analyzes the combinations of conditions (i.e., firm features and communication devices) that are present in startups with agile internal communication. The study considers the startup’s life cycle, the size of the startup, and the size of the founding team. The use of direct communication channels, structured communication channels, and agile methods is also considered. Analysis of 88 Spanish startups shows that the size of the founding team influences the combination of present and absent communication methods when agile internal communication is present. In startups where the founding team is small, direct communication methods are absent, whereas the use of structured communication methods, online project management, and other communication tools is present. On the contrary, when the founding team size is large, direct communication is a core condition, as is the absence of structured communication methods. Agile methods represent a peripheral condition for the presence of agile internal communication when the founding team is small and structured communication is present as a core condition. Similarly, when the founding team is small and the presence of direct communication is a core condition, the presence of agile methods is a peripheral condition for the presence of agile internal communication.
相似文献Companies have started using social media for screening applicants in the selection process. Thereby, they enter a low-cost source of information on applicants, which potentially allows them to hire the right person on the job and avoid irresponsible employee behaviour and negligent hiring lawsuits. However, a number of ethical issues are associated with this practice, which give rise to the question of the fairness of social media screening. This article aims to provide an assessment of the procedural justice of social media screening and to articulate recommendations for a fairer use of social media in the selection process. To achieve this, a systematic literature review of research articles pertaining to social media screening has been conducted. Thereby, the benefits and ethical issues relating to social media screening, as well as recommendations for its use have been extracted and discussed against Leventhal’s (1980) rules of procedural justice. It turns out that without clear guidelines for recruiters, social media screening cannot be considered procedurally fair, as it opens up way too many opportunities for infringements on privacy, unfair discrimination, and adverse selection based on inaccurate information. However, it is possible to enhance the fairness of this practice by establishing clear policies and procedures to standardize the process.
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