Listed SMEs and innovation: the role of founding board members

International Entrepreneurship and Management Journal - Drawing from the resource-based view of the firm, Penrosean theory, and the resource dependence theory, it is argued in this study that the...     

MIGRANT URBANISM: Cape Verdean Djunta-mon and its Impact on the Built Environment of Cova da Moura (Lisbon)

International migrations are transforming the urban landscape in cities all around the world. In this article I address the effect of Cape Verdean migration on the built environment of Lisbon's periphery. Specifically, I analyse a traditional practice of mutual aid originating in rural Cape Verde, the djunta-mon system, as a device of migrant urbanism projected onto the urban landscape of the Cova da Moura neighbourhood. In this article, which is based on ethnographic fieldwork, I discuss the role of the djunta-mon in the urban evolution of the neighbourhood from its formation in the 1970s to the present day. The data collected shows that this practice has had an important effect on the appropriation, functional delimitation and significance of the urban space by residents. The results thus point to the importance of understanding how the cultures and identities of human groups crystallize through the processes of social production of space.     

Factors that determine the degree of fulfilment of expectations for entrepreneurs from the business incubator programmes

International Entrepreneurship and Management Journal - The uncertain economic situation that was experienced because of the global financial crisis in 2008 and the exponential growth in the use of...     

The entanglement of time and cost deviations in public projects

There is growing concern regarding cost and time overruns in public projects. However, despite the extensive literature on the subject, there is relatively little research on the impact of time overruns on cost overruns. This study assesses whether larger time deviations can lead to larger cost deviations. Our hypothesis is that a project with a time overrun is more likely to also have a cost overrun. The authors used a sample of 208 projects in Portugal, with data collected from the Portuguese Court of Auditors. Using the data, a number of econometric models were developed: Ordinary Least Squares, Generalized Linear Model, Tobit, and Probit. The instrumented variables and structural equation modelling techniques were applied to address potential endogeneity in the data. The analysis was controlled for factors such as political, governance, economic, and project variables. The results suggest that larger time deviations are associated with larger cost deviations. The inference is that projects that take longer to complete also tend to suffer from cost overruns.     

THE POWER OF THE FEDERAL RESERVE CHAIR

This article examines the influence exerted by the Federal Reserve chair on monetary policy decisions. We construct a voting model where the chair selects the proposal that is initially put to a vote but is subject to an acceptance constraint that incorporates the preferences of the median Federal Open Market Committee (FOMC) member and the probability of counterproposals. The model is estimated by maximum likelihood using real-time data from FOMC meetings. Results for all chairs in our sample show that the chair's proposal is the result of a compromise, reflecting a stable balance of power within the FOMC.