Do board composition and investor type influence innovativeness in SMEs?

Companies need to adapt and evolve if they wish to survive. Future success lies in the ability to develop innovative solutions for customer??s problems and needs. This study aims to explore the influence of corporate governance and ownership structure on (product) innovativeness in a sample of 49 small and medium sized firms (SMEs) in the Belgian manufacturing industries. The main findings of the study are twofold. Firstly, a significant positive relationship between innovativeness and the size of a firm??s board has been found. Secondly, business-to-consumer markets tend to be more innovative than business-to-business markets. No significant relationship was found between the investor type and a firm??s innovativeness.     

Motivating Employees to Work Beyond Retirement: A Multi‐Level Study of the Role of I‐Deals and Unit Climate

The present study investigates what role I‐deals (i.e. the idiosyncratic deals made between employees and their organization) play in the motivation of employees to continue working after retirement. We hypothesized two types of I‐deals (i.e. development and flexibility I‐deals) to be positively related to motivation to continue working. More specifically, we drew from continuity and personality theory to argue that the motivation to continue working is enhanced by I‐deals, because they fulfil people's needs for personalized work arrangements. Moreover, drawing from activity and disengagement theory it was hypothesized that two types of unit climate (i.e. accommodative and development climates) would moderate these relationships. Specifically, it was predicted that I‐deals would be positively related to motivation to continue working under conditions of low accommodative or high development climate. Results of a multi‐level study among 1083 employees in 24 units largely supported the above expectations; flexibility I‐deals related positively to motivation to continue working, and unit climate moderated the relation between development I‐deals and motivation to continue working.     

Political leadership and relationship systems intelligence

In the corporate world, leadership development programs are standard fare. Such programs often include well‐defined competencies and performance metrics, as well as regularly scheduled feedback and mentoring sessions, especially for those employees designated “high potential” performers. Not so in the public sphere. There are no defined career paths or standardized training curricula for heads of state. There are, however, requisite competencies for effective public sector leadership. As Gardner (1990) observed, “Leadership is not a mysterious activity. It is possible to describe the tasks that leaders perform....[But] we have barely scratched the surface in our efforts toward leadership development” (p. xix). The learning curve is steep for a newly elected leader, and fraught with potential landmines. Speaking with the candor of someone no longer seeking public office, former UK Prime Minister Tony Blair said recently, “When I came to office, prime minister was the only job I'd ever held; I'd never been a government minister before....The business of running a government is like anything else: You get better the longer you do it. And there are lessons out there that, had they come to me in an identifiable form, would have been useful to know” (talk given on December 16, 2010b). Both Gardner and Blair are emphatic that leadership is not something one is born with but something learned over time. And as Blair (2010a) put it, “Government is a race between expectations and capability.” In the essays that follow, several leadership coaches discuss the unique challenges and effective approaches they are using to help government leaders build the competencies that will enable them to govern effectively—and win that race between their constituents's expectations and their own capabilities.     

推进长株潭地区加工贸易发展对策研究

目前长株潭地区加工贸易在进出口总额中所占比重不高,对GDP的贡献不大。在发展过程中存在区域、商品结构和企业结构失衡、配套不完善、制度不健全等问题,需要依据现存问题调整结构,完善配套产业,降低物流成本,健全监管和服务机制,促进加工贸易的跨越式发展。     

基于生态学原理的城市用地规划研究——以龙泉山生态旅游综合功能区生态环境建设规划为例

在快速城镇化背景下,城市生态环境面临着城乡建设的巨大威胁。在资源与环境的双重约束下,传统规划思路面临着转变的需要。本文以龙泉山生态旅游综合功能区生态环境建设规划为例,运用生态学方法,关注自然环境特征,提出了以生态功能区划为基础的城市用地规划,并提出相应的规划策略及保障措施。从而可以达到保护生态环境,约束城乡建设行为与环境承载力相适应的目的。     

Changes in the second-moment properties of disaggregated capital flows

Using formal statistical tests, we detect (i) significant volatility increases for various types of capital flows for a period of changes in business cycle comovement among the G7 countries, and (ii) mixed evidence of changes in covariances and correlations with a set of macroeconomic variables.     

Trade in Parts and Components and the Industrial Geography of Central and Eastern European Countries

Growing inflows of FDI and the increasing integration of domestic firms into International Production Networks (IPNs) set up by EU-15 partners have yielded a rise in trade in parts and components for Central and Eastern European Countries (CEECs). As a consequence, new patterns of localization of industrial activities have been observed in the region since the mid-1990s. In this paper, I propose a comprehensive model of trade and production which tries to explain cross-country variations of sectoral output by comparative advantages (Ricardo, Heckscher–Ohlin) and agglomeration forces (home market effect, market potential), with a focus on the role played by trade in middle products. The empirical implementation reveals that the higher is the involvement in IPNs the larger is the domestic share of regional output. Comparative advantages are a crucial determinant of localization as opposed to agglomeration forces. I argue that these results can be interpreted as an assessment of the predictive power of two alternative trade theories. JEL no.  F10, F12, F14, F15     

Welfare Effects of Different Public Expenditures and Taxes in the Netherlands

This paper explores the welfare effects of public consumption, income transfers and public investment financed through different types of taxes. One surprising result is that, contrary to public consumption goods, public capital goods do not necessarily become less attractive if distortionary taxes, rather than lump-sum taxes, are necessary to finance them. The numerical simulations reveal that the net welfare effects of public investments in the Netherlands are typically positive if financed through lump-sum taxes or distortionary taxes on labor. However, if a source-based capital tax is adopted to finance public investments, the overall welfare effect may be negative.     

Taylor Rules for the ECB using Expectations Data*

We estimate Taylor rules for the euro area using Consensus Economics data for expected inflation and output growth, and compare these estimates with more conventional specifications in which actual outcomes are used. We find that the ECB takes expected inflation and expected output growth into account in setting interest rates, while in the more conventional model specification, the coefficient of realized inflation is not significantly different from zero.     

Polish and Belgian consumers' perception of environmentally friendly behaviour

The aim of this study was to design a method for evaluating the importance that consumers place on the characteristics of environmentally friendly (EF) products and on consumer EF behaviour. Attitudes and opinions of consumers regarding the EF value of the different aspects of consumer behaviour – purchasing, using and disposing of goods – were measured. The perception of EF behaviour was analysed for Belgian and Polish consumers, a Western and an Eastern European country. The cultural, economic and political differences between Belgium and Poland may imply that their consideration of EF behaviour is different. The perception of consumers about buying, using and disposing of EF products does not necessarily indicate their own EF behaviour, but it gives an indication of what consumers think is EF behaviour. On the basis of the results, policy‐makers and industry can diagnose the consumers' perceived cost–benefit relationship of EF consumer behaviour. An evaluation of what consumers think is EF can be made for the two countries. Marketers, government and EF organizations can draw on our research results when developing EF products and/or advertising campaigns.