Bank-led restructuring in Poland: the conciliation process in action1

Poland's 1993 Enterprise and Bank Restructuring Programme (EBRP) tried to force state-owned commercial banks to build institutional capacity and resolve their problem loans. The outcome of its innovative bank-led workout (‘conciliation’) process, documented in this study of 62 firms, is decidedly mixed. The EBRP forced banks to confront their problems, helped them to build instituional capacity in their workout units, and furthered the difficult task of weeding out and closing clearly unviable firms. Yet it had limited power to promote needed restructuring or privatization in firms. The conciliation agreements were relatively unsophisticated and include few tangible requirements for operational or management change. The first two years of implementation saw a slowdown (over earlier years) in the rate of layoffs, a decline in average operating profitablility, and very little real privatization. The main impact of conciliation appears to have been to reduce debt service and thereby give firms ‘breathing room’.     

Are Household Production Decisions Cooperative? Evidence on Pastoral Migration and Milk Sales from Northern Kenya

Market-based development efforts frequently create opportunities to generate income from goods previously produced and consumed within the household. Production within the household is often characterized by a gender and age division of labor. Market development efforts to improve well-being may lead to unanticipated outcomes if household production decisions are noncooperative. We develop and test models of household decision making to investigate intrahousehold decision making in a nomadic pastoral setting from Kenya. Our results suggest that household decisions are contested, with husbands using migration decisions to resist wives' ability to market milk.     

Gender inequalities in ownership and control of land in Africa: myth and reality

Lack of clarity behind measurement and interpretation of statistics on gender and land leads to an inability to clearly articulate a policy response to the potential inequalities faced by women and men. This article sets out to explore, conceptually and empirically, the levels and relative inequalities in land rights between women and men in African countries. The first section of the article engages in a conceptual discussion of how to measure gendered‐land outcomes, what ownership and control mean in different contexts, and why attention to these factors is important for the development of gender and land statistics. The second section of the article systematically reviews existing evidence from microlevel large sample studies to summarize recent trends in land access, ownership, and control by sex. The third section presents new statistics from a variety of nationally representative and large‐scale unpublished data on gender and land in Africa. Results provide not only a nuanced understanding of the importance of measuring land indicators for gendered development in Africa and globally but also new statistics on a variety of land outcomes to aid stakeholders in the discussion of gender‐land inequalities.     

标准化的国际观

ISO和IEC的关系(1)国际标准化组织(ISO)有188个技术委员会-出版了14251项标准;(2)国际电工委员会(IEC)有89个技术委员会-出版了5204项标准;(3)本部在瑞士的日内瓦;(4)自愿性组织;(5)非政府性组织;(6)自愿工作;(7)ISO和IEC与ITU(国际电信联盟)共同努力工作以实现WTO的目标;(8)WTO的目标是“自由、公平的全球贸易体系”。ISO和IEC组织(1)其成员是各国的标准化组织;(2)一个标准化团体代表一个国家:-SAC(中国标准化管理委员会)代表中国;-ISO有148个国家成员;(3)IEC有62个国家成员。ISO和IEC标准(1)所有的国家关系平等;(2)大…     

How Good Are the UK VAT Registration Data at Measuring Firm Births?

This paper utilises some data from a survey of recent VAT registrations in the North of England to examine two issues: first, the extent to which registrants are involved in setting up entirely new businesses; and secondly, the relationship between the date of registration and the start of trading. The paper suggests that some caution should be exercised in the use of VAT registration statistics in the analysis of firm births.     

World Bank's assault on the small farmer

The real meaning of the new emphasis of the World Bank on lending to the ‘small farmer’ is an attack on the self-provisioning peasantry aimed at forcing them into closer participation in the market economy. This aim is sometimes achieved forcibly, as in settlement projects, and sometimes through manipulation of price relationships or through a change in tenure systems to create a private market in land. In all cases, credit is the chief instrument used -institutional credit as well as private usury can lead to debt peonage.     

Uncovering asset stripping during China's privatization

This paper empirically studies the occurrence and extent of asset stripping via undervaluing public assets during the mass privatization of state-owned and collectively owned enterprises in China. Using three waves of a national survey of private firms, we provide evidence that state-owned and collectively owned assets were substantially underpriced, indicating the presence of corruption during privatization. Further analysis shows that the extent of underpricing is more severe in regions with less market competition or weaker property rights protection, and more pronounced for intangible assets such as intellectual property rights and land use rights. When comparing firm efficiency between privatized firms and de novo private firms, we find that the former group continues to enjoy considerable preferential treatments, yet significantly underperforms the latter, possibly due to continued government control and intervention. Finally, we provide evidence that insider privatization is an important source of corruption during the privatization process.     

How does face influence the purchase of imitative new products? Moderating roles of product design characteristics

Face plays a profound role in consumption, but the question of how it impacts the purchase of imitative new products remains unanswered in the current literature. Imitative new products, which are legitimate innovations bearing similarities to existing products, are prevalent in many markets. This study investigates how two dimensions of face consciousness—the desire to gain face and the fear of losing face—influence consumers' purchase intentions regarding imitative new products by considering three product design characteristics (new product imitation locus, new product imitation scope, and product hedonism) as boundary conditions. We find through experiments carried out with adult Chinese consumers that the desire to gain face strengthens, but the fear of losing face weakens purchase intention. Moreover, the positive effects of the desire to gain face are weakened by imitation locus (form vs. function imitation) but enhanced by imitation scope (either form or function imitation vs. both form and function imitation); whereas the negative effects of the fear of losing face are strengthened by imitation locus but weakened by imitation scope. Product hedonism enhances the positive effects of the desire to gain face and augments the negative effects of the fear of losing face. This study thus contributes to the face literature by differentiating the roles of two dimensions of face consciousness in affecting consumption of imitative new products. In addition, this study contributes two important constructs—new product imitation locus and new product imitation scope—to the literature on imitative new products.     

A cybernetic model of work-life balance through time

Answering a call for a more fully developed concept of work-life balance (WLB), we use person-environment fit and control theories to develop a model of WLB incorporating the work, family, and personal domains. We propose a cybernetic model which recognizes that individuals have a desired balance among the three domains that serves as a standard against which they compare their perceptions of WLB at any given point in time. Our cybernetic model suggests that individuals will seek to restore balance when a negative imbalance is perceived. Further we propose that role senders and resources in the domains, as well as anticipated future WLB and retrospective perceptions of WLB also affect desired balance and actions. We discuss the implications of the proposed model for future research and practice.     

How does gender affect the adoption of agricultural innovations?

Why do men and women adopt agricultural technologies at different rates? Evidence from Ghana suggests that gender‐linked differences in the adoption of modern maize varieties and chemical fertilizer result from gender‐linked differences in access to complementary inputs. This finding has important policy implications, because it suggests that ensuring more widespread and equitable adoption of improved technologies may not require changes in the research system, but rather introduction of measures that ensure better access for women to complementary inputs, especially land, labor, and extension services.