Assessing the impact of JIT using economic theory

This paper combines ideas that are well founded in the production and inventory management literature, with analytical approaches that have been long established in the economic theory literature, to reveal and explore production-function characteristic differences between JIT producers and non-JIT producers among electronic firms in Ontario, Canada. The methodology employed is the estimation of the CES-TL total cost system. Our primary conclusion is that JIT firms are more cost-efficient and appear to be distinct from the non-JIT group. This conclusion is supported by: (1) the fact that, in most cases, the elasticities calculated from the two groups of firms are significantly different; (2) the fact that the cost elasticity with respect to output is lower for the JIT firms than for the non-JIT firms, indicating that the former are better able to capture economies of scale and density; (3) the difference between the elasticities of factor productivity, with respect to output changes, shows the JIT firms as being more labor- and materials-saving than the non-JIT firms.     

Assessing multi-dimensional performance: environmental and economic outcomes

This study examines economic performance, environmental performance, and regulatory activity for plants in three industries: pulp and paper, oil, and steel. Stochastic frontier production function models show significant deviations from production efficiency. Older plants are less efficient in production, but perform no worse on emissions. Plants spending more on pollution abatement tend to do worse on both production efficiency and emissions. Stricter local regulatory pressure is associated with somewhat lower emissions, but has mixed effects on production efficiency. Positive correlations between SUR residuals for emissions and production efficiency suggest unmeasured plant-level characteristics that drive both economic and environmental performance.

Assessing the impact of organizational learning and innovation on performance in cultural organizations

• Product innovation, technological innovation and organizational innovations are the key to helping cultural organizations achieve their social mission and achieve efficiency. This innovation strategy and the outcomes depend on introducing learning orientation into the organization. The current work analyses the relationship between learning orientation, innovativeness and performance for the case of 386 British, French and Spanish museums. Findings indicate that learning orientation significantly influences both innovativeness and performance. Further, whereas technological and organizational innovations are related to economic performance, product innovations have a greater impact on social performance.

Copyright © 2009 John Wiley & Sons, Ltd.     

Assessing the performance impact of supply chain planning in net-enhanced organizations

This paper presents a conceptual framework that hypothesizes the nature of the relationships between a firm’s use of Internet-based information technology (IT), supply chain planning capability, and operational performance. Using data from 266 manufacturing sites and structural equation modeling, we show that the impact of IT on operational performance is contingent upon the intent of its use. Specifically, our results suggest that IT’s use in exploiting existing opportunities has both a direct effect and an indirect effect, mediated through supply chain planning capabilities, on operational performance. In contrast, when IT is used to explore new opportunities, it has neither a direct nor an indirect effect on operational performance. Implications of these research findings are reported.     

Terrorist economic impact evaluation (TEIE) model: the case of Pakistan

Quality & Quantity - The terrorist economic impact evaluation (TEIE) model is a new model to evaluate the intensity of terrorism to measure the economic cost in a state (province) of any...     

After the economic crisis of 2008: Economic conditions and crime in the last decade for the case of Spain

The economic approach to crime confirms that the deterioration of economic conditions influences the motivation of potential offenders to commit a crime or not. The relationship between crime and the economy status received considerable attention among the international literature. However, in Spain, there are just few studies that analyse this connection, and those that analyse the influence of the deterioration of the economy on crime after the crisis that began in 2008 are practically non-existent. In order to fill this gap, this research applies the difference-GMM estimator for a sample of 47 provinces during the 2010–2018 period and controls the influence of different economic, demographic and dissuasive factors on the crime rate. The results obtained are similar to those of different investigations, since in the face of worsening economic conditions, no evidence of a positive and uniform effect on the crime rate is detected, especially when it differs according to different types of crimes possible. However, that relationship does exist and is robust in property crimes. Another common result in the empirical literature is also confirmed: adolescent male cohorts present the highest crime rates.     

Assessing the economic knowledge and economic opinions of adults

This study investigates public knowledge of basic economics and public opinion on economic issues. The primary data sources are five national surveys, administered from 1992 to 1999, which contain a rich set of questions to conduct multiple tests and comparisons of the factors that affect economic knowledge and public opinion. As a whole, the results offer significantly stronger evidence of factors that influence knowledge and opinion than is possible from a study of a particular sample of adults using a single set of survey questions.The analysis proceeds in two ways following methods that were originally used with one of the five data sets, a 1992 survey of adults (Walstad, 1997). First, a regression model is specified and estimated with each data set to identify how personal characteristics, general education, course work in economics, income, and political party affect economic knowledge. Second, probit analysis is used to evaluate the effect of economic knowledge on public opinion on selected economic issues after controlling for the above variables. The results from the 1992 data serve as the baseline for comparing the findings across the other surveys.     

Assessing the impact of green supply chain practices on firm performance in the Korean manufacturing industry

As a growing number of customers tend to view corporate social responsibility (CSR) as a key purchase decision criterion, demands for CSR including environmental sustainability have accelerated in today's business world. To meet such demands, many firms consider embracing environment-friendly business practices. However, many firms are still hesitant to implement those practices due to sceptical views about their real managerial benefits. Although the previous literature confirms the positive link between a firm's commitment to environmental sustainability and its performance, the varying degree of impact of different kinds of environment-friendly supply chain practices on the firm's operational performance is still unknown. To fill the void left by prior research, this paper aims to classify various types of green supply chain management (GSCM) practices and then assess the impact of each of these distinct types on the firm's operational performances (especially manufacturing and marketing performance). Also, this paper examines how the firm's organisational profiles such as firm size affect the particular firm's choice of GSCM practices. Our experimental results reveal that the chosen type of GSCM practices influences the firm's performance differently.     

Quantifying entrepreneurship and its impact on local economic performance: A spatial assessment in rural Switzerland

Regional and rural development policies in Europe increasingly emphasize entrepreneurship to mobilize the endogenous economic potential of rural territories. This study develops a concept to quantify entrepreneurship as place-dependent local potential to examine its impact on the local economic performance of rural territories in Switzerland. The short-to-medium-term impact of entrepreneurship on the economic performance of 1706 rural municipalities in Switzerland is assessed by applying three spatial random effects models. Results suggest a generally positive relationship between entrepreneurship and local development: rural municipalities with higher entrepreneurial potential generally show higher business tax revenues per capita and a lower share of social welfare cases among the population, although the impact on local employment is less clear. The explanatory power of entrepreneurship in all three models, however, was only moderate. This finding suggests that political expectations of fostering entrepreneurship to boost endogenous rural development in the short-to-medium term should be damped.     

Organizing professionals and their impact on performance: the case of public health doctors in the Italian SSN

ABSTRACT

Hybrid professional managers have been associated with improvements in the performance of public sector organizations. However, less attention has been given to differences within this category. Drawing on board human capital theory, we focus on an emerging group of ‘organizing professionals’ with earlier and deeper exposure to management training and education: generalist clinical hybrids drawn from public health in the Italian healthcare system. Specifically, we investigate the impact that these hybrid hospital CEOs have on organizational performance in comparison with other backgrounds. The results indicate that this form of generalist hybrid professionalism has distinct, if not dramatic, consequences for performance.     

The market for street crime: An economic analysis of victim-offender interaction

This paper views the economic explanation of crime rates from a new perspective by explicitly deriving an economic model of the behavior of potential victims and considering the interaction of the behavior of potential victims with the behavior of offenders. Crime is produced through offenders supplying time in search of victims and victims demanding to expose themselves to the environment. A model is set up in which the crime rate, the probability of being a victim per unit of exposure time, and the probability of finding a victim per unit of offenders' search time are simultaneously determined. The model leads us to distinguish the “real” crime rate (the probability of being a victim per unit of exposure time) from the “nominal” crime rate (the number of crimes per capita). The nominal crime rate can be inversely related to the real crime rate.     

Assessing the impact of fiscal transparency on FDI inflows

This paper analyzes the role of fiscal transparency as a determinant of foreign direct investment (FDI) attractiveness. It proposes an empirical test based on a panel regression analysis on data from 72 countries in the 2006–2015 time span. The evidence supports the idea that countries characterized by higher levels of budget openness attract more FDI inflows. In more detail, a higher degree of transparency during the phase of budget execution is associated with increases of FDI inflows, even when the sample is restricted to non-OECD countries and low and lower-middle-income countries. The positive effect is robust to several different specifications and is found to be additional to the one of general government transparency. Moreover, we also show that the role played by fiscal transparency in attracting FDI is independent of other close institutional determinants like control of corruption and regulatory quality.     

Assessing the economic costs of high school noncompletion

Disparities in educational attainment exist across states. There are costs, both to the individual and society, associated with low levels of educational attainment. This research estimates the costs of high school noncompletion in terms of income loss for each state. The results suggest that: 1) there are substantial economic costs associated with high school noncompletion ($727 billion in lost income nationally); 2) costs vary widely across states; and 3) in general, states with relatively low levels of per capita expenditures on education incur the greatest losses in income from high school noncompletion.     

Estimating the economic costs of organized crime by synthetic control methods

The economic costs of organized crime have been estimated for the case of southern Italy by Pinotti (Economic Journal 2015; 125, F203–F232, 2015): using synthetic control methods, he finds that, due to the advent of the Italian Mafia in the regions Apulia and Basilicata, GDP per capita dropped by 16%. Replicating this study in a narrow sense by estimating the same model with the same data, but using different software implementations, we observe minor differences stemming from the different implementations. By identifying the correct implementation, we find that the loss in GDP per capita due to the presence of the Mafia has been slightly overestimated.     

From the British worker question to the impact of HRM: understanding the relationship between employment relations and economic performance

The long‐running UK debate over the relationship between employment relations and economic performance is examined. Its four phases are identified as: British worker question, British economic miracle, ‘what do unions do?’ and Human Resource Management (HRM) and performance. Change in the terms of debate is observed. Important common threads are identified. Recommendations for future research are made.     

Assessing the prudence of economic forecasts in the EU

We estimate the EU Commission loss preferences for major economic forecasts of 12 Member States. Based on a recently proposed method by Elliott, Komunjer and Timmermann (2005) the paper provides evidence of asymmetries in the underlying forecast loss preference of the Commission that tend to vary across Member States. In some cases, our results show that EU forecasts tend to display a rather optimistic picture for main economic variables, e.g. government balance, thus allowing a certain degree of leeway in the fiscal adjustment path towards the medium‐term objective of ‘close to balance’ or ‘in surplus’ of the recently revised Stability and Growth Pact. Over the period of our sample, 1970–2004, this apparent asymmetry in the underlying loss preferences tends to deter prudent advice over economic policy. Lastly, we provide an analysis on the trade‐off between loss and distribution asymmetries, for which simulation results show that the testing method is robust in the presence of skewness. Copyright © 2009 John Wiley & Sons, Ltd.     

The impact of ISO 14001 on firm environmental and economic performance: The moderating role of size and environmental awareness

This paper analyzes the impact of adopting the ISO 14001 standard on firm environmental and economic performance. In particular, it is argued that the degree of environmental awareness of the society (EAS) and firm size are two factors moderating the effect of ISO 14001 on firm performance. A number of hypotheses are formulated and empirically tested on an international sample of 583 listed companies in 46 countries over the period of 2009–2018. The findings show that (i) ISO 14001 adoption contributes to reducing firm carbon emission intensity and increasing firm profitability; (ii) the impact of ISO14001 on profitability is greater for companies from countries with high EAS and for larger firms; and (iii) the impact of ISO 14001 on carbon intensity is greater for headquartered in countries with low EAS. Managerial and policy implications resulting from the widespread adoption of certifiable environmental standards are also discussed.     

Assessing the long‐run economic impact of labour law systems: a theoretical reappraisal and analysis of new time series data

Standard economic theory sees labour law as an exogenous interference with market relations and predicts mostly negative impacts on employment and productivity. We argue for a more nuanced theoretical position: labour law is, at least in part, endogenous, with both the production and the application of labour law norms influenced by national and sectoral contexts, and by complementarities between the institutions of the labour market and those of corporate governance and financial markets. Legal origin may also operate as a force shaping the content of the law and its economic impact. Time‐series analysis using a new data set on legal change from the 1970s to the mid‐2000s shows evidence of positive correlations between regulation and growth in employment and productivity, at least for France and Germany. No relationship, either positive or negative, is found for the UK and, although the United States shows a weak negative relationship between regulation and employment growth, this is offset by productivity gains.