Informality and poverty in Ecuador

Small Business Economics - This paper uses national representative data from the Ecuadorian Family Expenditure survey to study the determinants of poverty and informality in the country, taking...     

Volunteer tourism: On-the-ground observations from Rwanda

Volunteer tourism is the combination of leisure travel and voluntary work. Although it is increasing in popularity, one area that remains underexplored in the literature is the centrality of project facilitators in the on-the-ground experiences of volunteer tourists. This study, therefore, interrogates the relationship between facilitation and implementation of volunteer tourism experiences and the volunteer tourists’ lived experiences. By placing in conversation on-the-ground volunteer tourism experiences in Nyakinama, Rwanda with current literature in volunteer tourism, this study finds that volunteer tourism is a gratifying experience, especially as it relates to self-development, bonding with local people and experiencing of local lifestyle. The study, however, suggests that certain managerial actions and transparency measures must be introduced so as to maximize the social role of volunteer tourism.     

Effects of traits,self-motivation and managerial skills on nursing intrapreneurship

Following the introduction of quasi-markets into publicly funded healthcare systems, nurse intrapreneurs who create innovations within these systems have become increasingly important to improving healthcare outputs. This study sought to examine how self-motivation and managerial skills mediate the influence of entrepreneurial traits on nurses’ intrapreneurial intentions in the Portuguese National Health Service. A structural equation model was assessed using primary data collected from a sample of 536 nurses working at seven public hospitals in Portugal. The results suggest that nurses who are more determined to become intrapreneurs are more likely to take risks, more self-confident about their managerial skills and slightly more self-motivated. In addition, while innovativeness has no significant effect, proactivity contributes to increasing nurses’ self-confidence in their own skills.

     

Possibilistic mean–variance portfolios versus probabilistic ones: the winner is...

Decisions in Economics and Finance - In this paper, we compare the mean–variance portfolio modeling based on the possibilistic representation of the future stock returns to the one based on...     

Wage Effects of On‐the‐Job Training: A Meta‐Analysis

A meta‐analysis is used to study the average wage effects of on‐the‐job training. This study shows that the average reported wage effect of on‐the‐job training, corrected for publication bias, is 2.6 per cent per course. The analyses reveal a substantial heterogeneity between training courses, while wage effects reported in studies based on instrumental variables and panel estimators are substantially lower than estimates based on techniques that do not correct for selectivity issues. Appropriate methodology and the quality of the data turn out to be crucial to determine the wage returns.     

Endogenous economic growth with disembodied knowledge

Mainstream endogenous growth models assume that new knowledge is embodied into either new intermediate or final goods, monopolistically supplied by the patent holder. Recent technological progress, however, often gives rise to pure intellectual contents, such as software codes or business models, directly usable in the production of final goods. Once a content of this type has been produced, it is in fixed supply, that is, the inventor can only rent it out (or sell it) or not; hence, the quantity restriction typical of monopoly cannot arise, while competition is viable. We show that, however, as long as the inventor owning a patent can control through license activation devices the access to the intellectual content of the workers using her invention in the final goods production, monopolistic exploitation becomes viable and will occur. It turns out that in this framework, the income share of labor is smaller than in the Lab‐Equipment economy, which represents the setting closest to our model. Moreover, with elastic labor supply labor employment is also negatively impacted. This implies that some standard public policies devised for correcting inefficiencies in development may perform poorly in this framework.     

Corporate Governance and Institutional Transparency in Emerging Markets

This paper posits that differences in corporate governance structure partly result from differences in institutional arrangements linked to business systems. We developed a new international triad of business systems: the Anglo-American, the Communitarian and the Emerging system, building on the frameworks of Choi et al. (British Academy of Management (Kynoch Birmingham) 1996, Management International Review 39, 257–279, 1999). A common factor determining the success of a corporate governance structure is the extent to which it is transparent to market forces. Such transparency is more than pure financial transparency; as it can also be based on factors such as governmental, banking and other types of institutional transparency mechanism. There may also be a choice for firms to adopt voluntary corporate disclosure in situations where mandatory disclosure is not established. The Asian financial crisis of 1997–1999 and the more recent corporate governance scandals such as Enron, Andersen and Worldcom in the United States and Ahold and Parmalat in Europe show that corporate governance and business ethics issues exist throughout the world. As an illustration we focus on Asia’s emerging¹ markets, as, both in view of the pressure of globalization and taking into account the institutional arrangements peculiar to the emerging business system, these issues are important there. Particularly for those who have to find an accommodation between the corporate governance structures and disclosure standards of the Emerging system and those of the Anglo-American and Communitarian systems.     

Understanding the dynamics behind bank branch service quality in Portugal: pursuing a holistic view using fuzzy cognitive mapping

Using fuzzy cognitive mapping, this study aims to create a holistic framework whereby the determinants of bank branch service quality and their cause-and-effect relationships can be identified and dynamically analyzed. The methodology is applied using a group of experts from the banking industry in Portugal. Our results not only indicate the applicability and usefulness of the proposed approach, but identify human resource characteristics (which include collaborators’ personal and professional training) and management team technical skills as particularly relevant driving forces of bank branch service quality. The proposal holds great potential for the operational planning and improvement of bank branch service quality, which is a prime concern for bank administrators, bank branch collaborators, and society at large. Advantages and shortcomings of the framework are also reported.     

Evolución de la capacidad tecnológica en México. Aplicación del análisis estadístico multivariante de cluster

This paper conducts an analysis on the existence of state clusters related with technological capabilities in Mexico. An empirical study was conducted using the technique of multivariate statistical cluster analysis, based on the set of indicators proposed by Cepal (2007), collecting data from various public sources country for 2006 and 2012 in order to study the time evolution of such clusters, trying to see what states have been moving to a cluster located in positions more which have advanced and retreated over the period. The results show the existence of 7 groups of states characterized by different technological capabilities, plus states are identified in decline and progress, both in terms of absorptive capacity and innovation, and in relation to the technological infrastructure capabilities.