Factors affecting technology transfer offices' performance in the Italian food context

In recent years, growing attention has been devoted to the commercialisation of knowledge and technologies developed by universities and public research institutions. A central role in this particular process is played by the technology transfer offices (TTOs), which are on the one hand in charge of promoting the transfer of knowledge and technology to external companies, and on the other hand are also responsible for protecting and licensing the intellectual property of the research organisation. This paper is focused on a TTO operating in the food context, with the specific objectives of identifying the performance indicators and the main factors affecting its performance and, finally, analysing the relationships among these factors. Results highlighted the importance of both external and internal factors for the performance of a TTO operating in this context. In addition, we found both direct and indirect relations within these factors.     

Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution

This paper undertakes a numerical analysis of the effects of changes in the tax rates on domestic and foreign capital income in a stochastically growing open economy under recursive preferences, in which the rate of time preference, ?, and the coefficient of risk aversion, R, can be set independently. The responses of the equilibrium growth rate, its volatility, and welfare to changes in the tax changes considered are highly sensitive to the independent variations in both ? and R. Consequently, the errors committed by using the conventional constant elasticity utility function, even for small violations of the compatibility condition (R= 1/?) can be significant, suggesting that this functional form should be employed with caution.     

High-performance work system and intention to leave: a mediation model

To address recent calls in the literature for additional work on the role of high-performance work systems (HPWS) in determining individual outcomes, this study examines the relationship between employees' perceptions of HPWS and intention to leave, as well as the possible mediating role of job satisfaction, procedural justice and intrinsic motivation in this relationship. The model is tested with EQS 6.1, on a sample of 155 engineers from 19 different companies and industries. Results indicate that HPWS is associated positively with job satisfaction, procedural justice and intrinsic motivation. Results also show that only job satisfaction mediates the relationship between HPWS and engineers' intention to leave, whereas procedural justice and intrinsic motivation mediate the relationship between HPWS and job satisfaction.     

THE DEMAND FOR SCHOOL MEAL SERVICES BY SWISS HOUSEHOLDS*

In this paper we investigate the household demand for childcare during lunchtime at school using a stated preferences approach. Data are collected through phone‐structured interviews to 905 residents with children in the German‐speaking region of Switzerland during 2007. Poisson models with random and fixed effects are used to explore factors affecting the demand. Ordinal probit models are also considered as an alternative to count data models. The results show that price, household income, satisfaction with the current childcare service, family composition, and the area of residence significantly affect the number of weekly services demanded. We estimate that the willingness to pay for childcare during lunchtime is between 7.90 and 11.70 Swiss francs per day and does not depend on household income.     

Social conflict and agrarian change in Uganda's countryside

In this paper, I explore the significance of Giovanni Arrighi's scholarship about the dynamics of capitalist accumulation and transformation in Africa and other “hostile” environments for critical agrarian studies. Specifically, I examine the relevance of his work for the analysis of multiple trajectories of agrarian change and social conflict in Uganda's countryside. By adopting synchronic and diachronic perspectives, the analysis here unveils the geographically uneven nature of transformation in the agrarian social structure in two distinct regions in Uganda: Buganda and Acholi. This complementarity allows us to grasp continuities and discontinuities in the processes of agrarian change and in the social struggles over the production and appropriation of surplus value in the longue durée. I argue that the agrarian social structure and the associated dynamics and forms of social conflict in the two regions massively diverged during the colonial period, while partially converging in the current era of neoliberal restructuring.     

Investigating social motivations,opportunity and ability to participate in communities of virtual co‐creation

Communities of virtual co‐creation are emerging as a new form of consumer engagement, where through a collaborative and interactive process, ideas and knowledge from consumer are applied differently to create new value for the consumers themselves, the company and all stakeholders. The aim of this paper is to explore the drivers, namely motivation, opportunity and ability, of consumer willingness to participate in communities of virtual co‐creation. The role of social motivations, that is, altruism and social reputation, particularly relevant inside online communities, is investigated. Data were collected through an online survey on 180 consumers from diverse nationalities. The unit of analysis was a virtual co‐creation activity for food products. Findings show that consumer motivation and ability have a relevant influence on willingness to participate in co‐creation projects, while opportunity has not. In particular, ability showed to be the most relevant factor, suggesting that virtual co‐creation initiatives should be properly designed to facilitate the engagement of consumers. Further, results indicate that consumers' motivations are driven by both altruism and social reputation, where altruism plays a greater role. This confirms that social relations are key motivational drivers in virtual communities, where value is created through interaction with like‐minded people, exchange of information and experiences, provision of support.     

Testing for Opaqueness in the European Banking Industry: Evidence from Bond Credit Ratings

The question of whether banks are relatively more opaque than non-banking firms is empirically investigated by analyzing the disagreement between rating agencies (split ratings) on 2,473 bonds issued by European firms during the 1993–2003 period. Four main results emerge from the empirical analysis. First, fewer bank issues have split ratings overall, but the predicted probability of a split rating is higher for banks after controlling for risk and other issue characteristics. Second, subordinated bonds are subject to more disagreement between rating agencies. Third, bank opaqueness increases with financial assets and decreases with bank fixed assets. Fourth, bank opaqueness increases with bank size and capital ratio. The implications of these findings for regulatory policy are also discussed. All errors remain those of the author. This paper was prepared while the author was visiting the Department of Finance, Insurance and Real Estate at the Graduate School of Business Administration, University of Florida.     

CEO investment of deferred compensation plans and firm performance

We study how US chief executive officers (CEOs) invest their deferred compensation plans depending on the firm's profitability. By looking at the correlation between the CEO's return on these plans and the firm's stock return, we show that deferred compensation is to a large extent invested in the company equity in good times and divested from it in bad times. The divestment from company equity in bad times arguably reflects CEOs' incentive to abandon the firm and to invest in alternative instruments to preserve the value of their deferred compensation plans. This result suggests that the incentive alignment effects of deferred compensation crucially depend on the firm's health status.     

The fragmented politics of sugarcane contract farming in Uganda

In the last decade, contract farming has regained momentum among policymakers and global development agencies as a tool to promote inclusive rural development and responsible investments. Integrating smallholders within global, regional and national agricultural value chains, we are told, represents the sine qua non for alleviating rural poverty. In Uganda, under the label of out-grower schemes, contract farming is currently undergoing massive expansion, driven especially by the boom in sugarcane cultivation. Drawing from three case studies of sugarcane contract farming in Uganda, the paper re-politicizes the debate around contract farming by looking at the power relations within which these schemes are embedded. We argue, what is seen in Uganda's expansion is a political dynamic derived both from the major dislocations and dispossessions required to establish the plantation estate and its work force, as well as from the effort to bring many smallholders using unimproved methods on land with sometimes unclear tenure arrangements into contracted arrangements for supplying sugarcane. The result has been highly contentious politics around sugar's expansion, where struggles over land dispossession merge with those around exploitative wage labour, around the loss and transformation of livelihoods, and around debt, power inequalities and environmental harm, a matrix in which state violence and co-optation are ever-present.     

Managing 'green' product innovation in small firms

The growing social and regulatory concern for the environment is leading an increasing number of companies to considering 'green' issues as a major source of strategic change. In particular, this trend has major and complex implications on the technological strategy of a company and on its product innovations. Indeed, most authors acknowledge that eco‐efficiency will be one of the major challenges for R&D practice and theory in the next decade. Unfortunately, studies usually focus on large corporations. There is a debate as to whether this factor will affect R&D practices and product innovation in small and medium enterprises (SMEs). A superficial glimpse at the problem could lead one to think that SMEs will not be major green innovators, especially as far as product technologies are concerned, and that they will simply try to comply with environmental regulations (mainly on production processes).
This paper shows that 'green' product innovation may occur and may also have strategic implications in SMEs. Starting from the analysis of four selected case studies and using a Precursors Events methodology, this paper illustrates why 'green' product innovation cannot be considered a marginal issue for most SMEs, even for those that are not directly affected by environmental regulations. Hence, the paper suggests a contingent framework to support SMEs in the analysis of the drivers of 'green' product innovation and in the choice of a proper R&D strategy that explicitly accounts for the eco‐efficiency of product technologies.