The development of the Dutch national accounts as a tool for analysis and policy

Since the start of modern national accounting in the 1930s, the Netherlands has played a dominant role in the development of the national accounts. This paper discusses the origins and development of the Dutch national accounts. This includes the surprisingly slow start of political arithmetic in the Netherlands, the views of van Cleeff and Tinbergen on planning and national accounting, the role of Derksen and Oomens as fathers of the Dutch national accounts, the Dutch School of National Accounting, the interaction with national statistics and the role of the international guidelines and the European Union. The paper also takes a look into the future. The major challenges are to bridge the gap with data users and to increase relevance by, e.g. extended accounts, long-term time series on government finance and modules on education, health care and social security.     

Effective entrepreneurial narrative design in reward crowdfunding campaigns for social ventures

One of the most important challenges for social venture entrepreneurs is acquiring resources. Reward crowdfunding is considered a suitable tool for meeting the financing needs of social ventures, whose backers are particularly interested in firm ideas and core values rather than in collaterals or business plans. A strategic factor that is able to influence the outcome of crowdfunding campaigns is the entrepreneurial narrative. Very few scholars have examined the key factors that support a crowdfunding campaign, particularly those on reward-based crowdfunding platforms, and the effects of entrepreneurial narratives on investors’ decisions. Aiming to fill this research gap, this paper investigates how entrepreneurs in the technology industry describe their social ventures and projects on Eppela, an Italian reward-based crowdfunding platform. Thematic analysis was applied to detect the five following key factors of effective entrepreneurial narratives in reward-based crowdfunding campaigns for social ventures: 1) problem/need; 2) project; 3) product; 4) team; and 5) venture. Each key factor includes specific subfactors. Lexical data analysis was then performed to identify the following expected effects of the examined entrepreneurial narratives on potential investors, leading these investors to understand, trust, and approve the project proposal, and thus, finance the social venture’s project: 1) reassurance, 2) reliability, and 3) credibility. Based on these results, this study proposes an explanatory model about how to design effective entrepreneurial narratives to be presented to contribute as much as possible to the success of projects in crowdfunding platforms.

     

The Delphi technique as a forecasting tool: issues and analysis

This paper systematically reviews empirical studies looking at the effectiveness of the Delphi technique, and provides a critique of this research. Findings suggest that Delphi groups outperform statistical groups (by 12 studies to two with two ‘ties’) and standard interacting groups (by five studies to one with two ‘ties’), although there is no consistent evidence that the technique outperforms other structured group procedures. However, important differences exist between the typical laboratory version of the technique and the original concept of Delphi, which make generalisations about ‘Delphi’ per se difficult. These differences derive from a lack of control of important group, task, and technique characteristics (such as the relative level of panellist expertise and the nature of feedback used). Indeed, there are theoretical and empirical reasons to believe that a Delphi conducted according to ‘ideal’ specifications might perform better than the standard laboratory interpretations. It is concluded that a different focus of research is required to answer questions on Delphi effectiveness, focusing on an analysis of the process of judgment change within nominal groups.     

Accounting as a management tool for non-industrial private forestry

Non-industrial private forest owners (NIPF owners) supply most of the roundwood in Scandinavia. For these owners, it is the supply of timber that provides income and return on invested capital. Owners have to decide whether to invest more in their property, or to disinvest. They have to find ways to increase revenue and cut costs. By applying business accounting practices to traditional forest accounting we propose principles for profit and loss accounts and balance sheets for NIPF owners. We argue that it is important for the forest owner to complement the strictly regulated accounting with contingent adjustments. An economic analysis of a medium-sized forest holding illustrates the importance of this type of adjustment. Research on this question can help to increase economic awareness among private owners and to support the harmonization of forestry accounting in the EU.     

The wisdom of crowds: The potential of online communities as a tool for data analysis

Online communities have become an important source for knowledge and new ideas. This paper considers the potential of crowdsourcing as a tool for data analysis to address the increasing problems faced by companies in trying to deal with “Big Data”. By exposing the problem to a large number of participants proficient in different analytical techniques, crowd competitions can very quickly advance the technical frontier of what is possible using a given dataset. The empirical setting of the research is Kaggle, the world?s leading online platform for data analytics, which operates as a knowledge broker between companies aiming to outsource predictive modelling competitions and a network of over 100,000 data scientists that compete to produce the best solutions. The paper follows an exploratory case study design and focuses on the efforts by Dunnhumby, the consumer insight company behind the success of the Tesco Clubcard, to find and lever the enormous potential of the collective brain to predict shopper behaviour. By adopting a crowdsourcing approach to data analysis, Dunnhumby were able to extract information from their own data that was previously unavailable to them. Significantly, crowdsourcing effectively enabled Dunnhumby to experiment with over 2000 modelling approaches to their data rather than relying on the traditional internal biases within their R&D units.     

Electronic mail as a fundraising tool

The World Wide Web has attracted considerable attention and investment in the for-profit and nonprofit worlds, but electronic mail (e-mail) alone can be one of the most effective online fundraising and marketing tools. Its use in fundraising appeals is considered and its relationship to traditional direct mail fundraising discussed. Other more innovative methods of incorporating e-mail into a fundraising mix are explored, including the basic applications of an e-mail signature to the more advanced uses of automated e-mail response systems. This paper is based on research carried out by the author at City University during 1994 and 1995 as part of an MSc course in Information Science and published as ‘Electronic sources of fundraising information for UK nonprofit fundraisers’.     

HR accounting as a measurement tool

In tracing the history of human resource accounting, most reviewers would agree that the topic is now experiencing something of a revival. This research set out to explore why HR accounting is regarded as important, to whom it is important and its links with organisational and HR strategies. We used a survey‐questionnaire approach to gather data. A scale was developed measuring the extent to which respondents thought each item reflected their organisation's view on the importance of measuring of human resources. Component analysis revealed two reasons why measuring human resources is perceived as being important. The first illustrates the view that ‘measurement reflects the strategic and competitive importance of human resources’, while the second suggests that,‘to earn credibility, HRM must be expressed in financial terms’. Further analysis highlighted the importance of senior management and financial managers' support for measuring human resources and drew attention to what may appear to be a ‘hard view' of HRM held by HR managers in relation to why they consider this important.     

CAPM as a strategic planning tool

In this paper, the use of the capital asset pricing model (CAPM) as a strategic planning tool is reviewed. The links between the CAPM and other approaches to strategic planning are noted and discussed. We conclude that the CAPM complements other types of analysis very effectively and offers management an extremely powerful analytical tool for strategic planning.     

Central bank disclosure as a macroprudential tool for financial stability

The Basel Capital Accord (pillar 3) states that disclosure of information (transparency) is essential to financial stability. This study analyzes, through inflation reports, the disclosure of information from the Central Bank of Brazil concerning the credit market. We consider credit risk and capital buffers as measures of financial stability in this analysis. Furthermore, in order to measure the perception of the monetary authority on the credit market, we built two indices based on the central bank’s communication on credit development. We performed a panel data analysis based on a sample of 125 banks for the period from June 1999 to September 2014 (7000 observations). The findings suggest that central bank communication regarding expectations concerning the credit market contributes to financial stability. Therefore, this kind of communication of central banks (about credit development) may constitute an important macroprudential tool to improve financial stability.     

The affinity credit card as a fundraising tool for charities

Over the past decade or so, many examples of the charity affinity credit card have been launched in the UK. This paper reports the results of a survey of charities that collected quantitative data on the characteristics and progress of more than 20 such cards. The survey also found that several other charities were contemplating following their example, and the paper goes on to identify and discuss some of the issues that should be addressed by any charity thinking of launching its own affinity card. Copyright © 2000 Henry Stewart Publications     

Regoo plots as a regression diagnostic tool

Given the widespread use of regression methods in the social sciences, the recent concern with regression diagnostics is timely and important. Every diagnosis must be followed by an appropriate data analytic procedure: diagnosis and treatment are complementary and interdependent tasks. We propose a graphical diagnostic procedure for use in ordinary least squares contexts, several data analytic treatments, and illustrate them in an extant data set.     

Exploring goal‐setting as a tool for leadership development

Goal‐setting theory is based on the premise that conscious goals affect action and is supported by four decades of research and more than 1,000 scholarly publications. Although the theory has been widely applied in management settings, it is an underused framework in the broader field of leadership development. This study considers the effects of goal‐setting as applied in a leadership program conducted for local board members in a nonprofit membership organization, the Florida Farm Bureau Federation. A final reduced regression model explains about 25% of the variance in individual performance by considering goal specificity, goal difficulty, education level, and gender. This study has implications for professional development programming and its application of goal‐setting theory. Additional research is needed to explore further the application of goal‐setting theory in programming for volunteer leaders.     

Physical accessibility as a social indicator

A discussion is presented of the ways in which accessibility to employment and urban services constitute an important measure of the quality of urban living, and how accessibility might, therefore, be included as an important component of a “social report” for a city or region. A conceptual framework is introduced for measuring accessibility in terms of the ease with which citizens may reach a variety of opportunities for employment and services. This framework is interpreted as an approach to evaluating transportation and regional plans which differs from approaches based upon travel volumes and travel times which are currently employed in urban transportation planning and evaluation. The use of the proposed measures of accessibility is illustrated with data on accessibility to employment and health care facilities in Los Angeles, and these data are interpreted to illustrate differences in accessibility as a function of spatial location of residence, and socio-economic status.     

The school as a social system: Indicators for change

In systems analysis, the school may be viewed as a functionally differentiated subsystem of the broader social system in which it is embedded. To maintain a viable relationship with that social system, the school is subject to continual changes to meet the shifting social, economic, political, and technological forces in its environment. However, the more successful the school organization is in assessing accurately changing environmental forces, and in making appropriate adjustments to those forces, the more successful will it be in resisting temporary pressures and transitory movements and in controlling its own directions.

A major research problem is to identify those organizational properties that enable the school to assess accurately new demands and to adjust appropriately to those demands. Theoretically, those properties might be expected to include: (1) operationalized statements of instrumental goals; (2) a work structure that involves interdependence in task performance; (3) participation in decision making; (4) an incentive system that utilizes performance criteria rather than expressive relationships; (5) personnel practices that encourage a cosmopolitan orientation; and (6) institutionalized provisions for change advocacy.

The specification of the relationships among these properties, or variables, and the determination of means for assessing them quantitatively, are tasks that remain to be accomplished.     

Microfinance and social capital formation- a social network analysis approach

The microcredit program has emerged as an important poverty alleviation strategy over the last three decades, and several studies have examined its economic impacts on the community well-being. However, far too little attention has been paid to the effects of micro credits on community social connection and solidarity. This paper aims to examine the application of Social Network Analysis (SNA) to explore the impact of the rural microcredit fund on community social capitals. In doing so, the data on interactions of four rural development groups' members before and after the microcredit project implementation were collected using participatory workshops in Neyzar village of Qom province in Iran. The data were analyzed by Ucinet software, and the socio-graphs were produced by the NetDraw application. The results show that, more people have been involved in the social interactions after the project implementation and there was statistically significant increase in density and decrease in centralization of cooperation network. Furthermore, there were no important distinctions in centrality of people with various educational levels before and after the project implementation. Overall, it can be concluded that, the microfinance initiative considerably promotes the community social capital and participation in the rural development activities. Moreover, the SNA techniques are applicable as an impact assessment tool to investigate changes in community social capital.     

Heterophily in social groups formation: a social network analysis

Quality & Quantity - Research on heterophily as a relational phenomenon is mostly limited to specific professional contexts which do not include knowledge about status or value heterophily as a...     

Using the Intranet as a business productivity tool

By now most, if not all, of us are familiar with the Internet. We can use it to send messages to our friends and business associates. We can send attached data files to those who need the information. We can download updates to our software or get new programs. We also can search the Web for information on an endless array of topics. The objective of this presentation is to familiarize you with the broad spectrum of business functions that can be significantly enhanced by the use of Internet technology. This is certainly one way to build your knowledge chain for success. This article is meant to stimulate your thinking about what this tool might be used for in your environment but will leave the technical issues of how to do that to other experts.     

Effectiveness of Q-learning as a tool for calibrating agent-based supply network models

This paper examines effectiveness of Q-learning as a tool for specifying agent attributes and behaviours in agent-based supply network models. Agent-based modelling (ABM) has been increasingly employed to study supply chain and supply network problems. A challenging task in building agent-based supply network models is to properly specify agent attributes and behaviours. Machine learning techniques, such as Q-learning, can be a useful tool for this purpose. Q-learning is a reinforcement learning technique that has been shown to be an effective adaptation and searching mechanism in distributed settings. In this study, Q-learning is employed by supply network agents to search for ‘optimal’ values for a parameter in their operating policies simultaneously and independently. Methods are designed to identify the ‘optimal’ parameter values against which effectiveness of the learning is evaluated. Robustness of the learning's effectiveness is also examined through consideration of different model settings and scenarios. Results show that Q-learning is very effective in finding the ‘optimal’ parameter values in all model settings and scenarios considered.     

On campaigning as an effective tool to encourage wider support for a cause

The paper points out the perception in the public mind that charities equate to fundraising. This should not be the sole function of charities and the advantages that campaigning bring to a cause are enumerated. Characteristics of donors are discussed, with suggestions for the optimum use of their skills and time, not only demands for their money. Political issues are addressed and campaign materials are suggested, with a view to maximum understanding by supporters.