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Article
Publication date: 1 March 2014

Tilman Slembeck, Armin Jans and Thomas Leu

Financial sustainability requires governments to run sufficiently large primary surpluses going forward to cover the cost of servicing its debt budgets to balance in the long run…

215

Abstract

Financial sustainability requires governments to run sufficiently large primary surpluses going forward to cover the cost of servicing its debt budgets to balance in the long run. In democracies, politicians who strive for reelection often tend to systematically violate this tenet. This paper discusses two types of “anchors” that may be used to cope with this problem by limiting the room for new and excessive public debt. First, we analyze national constitutional safeguards on the basis of the “debt brake” in Switzerland and Germany. Second, we discuss international institutions to maintain financial discipline, referring to the Maastricht-criteria. These anchors are designed to allow policymakers to commit to policies that provide long term financial stability and sustainability of public finances. However, as the recent crises have shown, the problem of time inconsistency in policy making remains, especially when anchors are weak. Therefore, the paper discusses the circumstances under which institutional anchors may help to restrict politician behavior to promote sustainability of public finances. We conclude by indentifying three conditions required for the proper functioning of collective anchors in the context of public finances.

Details

Journal of Public Budgeting, Accounting & Financial Management, vol. 26 no. 1
Type: Research Article
ISSN: 1096-3367

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Article
Publication date: 2 August 2013

Jan Armin Schubert

According to normative‐rational investment decision models, investors who seek office buildings should select markets which show high employment numbers in office related sectors…

556

Abstract

Purpose

According to normative‐rational investment decision models, investors who seek office buildings should select markets which show high employment numbers in office related sectors such as Finance, Insurance, Real Estate (FIRE) and Knowledge Intensive Business Services (KIBS). This view is challenged by behavioural studies, which find that the investors' willingness for analysis and the structure of their decision‐making processes in practice notably limit such an influence. Looking at German office markets, the purpose of this paper is to explore to what extent the aforementioned connection between employment structure and market selection holds.

Design/methodology/approach

Qualitative interviews with German investment experts are analysed in a manner that differentiates between investor types. Behavioural economics form a theoretical basis to identify investor type specific attitudes towards investment markets and the resulting market selection processes. The findings are tested by logistic regressions which connect the spatial structure of office investments with employment data.

Findings

A sector‐specific employment structure does not have a direct but an indirect influence on the market selection. The existing theoretical contradiction is resolved by this indirect influence. Investor type specific risk profiles and business models determine varying spatial patterns of market selection.

Research limitations/implications

The study shows that attitudes towards markets, business logics and decision processes differ between insurance companies and open‐ended funds. Researchers should be aware that empirical results may not always be valid for all institutional investors. In some cases a differentiating research design according to investor type may be necessary.

Practical implications

The study identifies a set of minimum requirements with regard to building and market characteristics open‐ended funds use for filtering in German secondary/regional markets. Market selection by these funds and insurance companies correlates with relative employment in FIRE‐ and KIBS‐branches.

Originality/value

This paper overcomes decision‐theoretical contradictions and gives empirical evidence for the importance of the employment structure on market selection.

Details

Journal of Property Investment & Finance, vol. 31 no. 5
Type: Research Article
ISSN: 1463-578X

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Article
Publication date: 25 December 2020

Afsaneh Bagheri, Morteza Akbari and Armin Artang

This paper explored the ways through which entrepreneurial leadership practices of chief executive officers (CEOs) enhance their employees' innovation at workplace in…

2903

Abstract

Purpose

This paper explored the ways through which entrepreneurial leadership practices of chief executive officers (CEOs) enhance their employees' innovation at workplace in knowledge-based firms. Building on social cognitive theory and resource-based view of firms, this paper argues that entrepreneurial leadership fosters employees' innovation work behavior by enhancing their individual and team creativity self-efficacy.

Design/methodology/approach

The sample was selected from knowledge-based firms in Iran using the simple random sampling method. Two mediation models were tested using data from 41 CEOs and 207 employees in two separate phases.

Findings

The analysis supported that CEOs' entrepreneurial leadership improves their employees' innovation work behavior through enhancing their individual and team creativity self-efficacy.

Originality/value

The research contributes motivational and enabling mechanisms at both individual and team levels that entrepreneurial leaders use to improve employees' innovation work behavior in the context of knowledge-based firms. The findings may assist managers and business leaders in effectively leading innovation process.

Details

European Journal of Innovation Management, vol. 25 no. 1
Type: Research Article
ISSN: 1460-1060

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Article
Publication date: 18 December 2008

Kanghwa Choi and Soo W. Kim

This paper describes a comprehensive approach to examine how technological innovation contributes to the renewal of a firm’s competences through its dynamic and reciprocal…

611

Abstract

This paper describes a comprehensive approach to examine how technological innovation contributes to the renewal of a firm’s competences through its dynamic and reciprocal relationship with R&D and product commercialization. Three theories of technology and innovation (the R&D and technological knowledge concept, product‐process concept, technological interdependence concept) are used to relate technology and innovation to strategic management. Based on these theories, this paper attempts to identify the dynamic relationship between product innovation and process innovation using system dynamics by investigating that aspect of the dynamic changes in the closed feedback circulation structure in which R&D investments drive the accumulation of technological knowledge.

Available. Open Access. Open Access
Article
Publication date: 8 March 2022

Armin Mahmoodi, Milad Jasemi Zergani, Leila Hashemi and Richard Millar

The purpose of this paper is to maximize the total demand covered by the established additive manufacturing and distribution centers and maximize the total literal weight assigned…

1275

Abstract

Purpose

The purpose of this paper is to maximize the total demand covered by the established additive manufacturing and distribution centers and maximize the total literal weight assigned to the drones.

Design/methodology/approach

Disaster management or humanitarian supply chains (HSCs) differ from commercial supply chains in the fact that the aim of HSCs is to minimize the response time to a disaster as compared to the profit maximization goal of commercial supply chains. In this paper, the authors develop a relief chain structure that accommodates emerging technologies in humanitarian logistics into the two phases of disaster management – the preparedness stage and the response stage.

Findings

Solving the model by the genetic and the cuckoo optimization algorithm (COA) and comparing the results with the ones obtained by The General Algebraic Modeling System (GAMS) clear that genetic algorithm overcomes other options as it has led to objective functions that are 1.6% and 24.1% better comparing to GAMS and COA, respectively.

Originality/value

Finally, the presented model has been solved with three methods including one exact method and two metaheuristic methods. Results of implementation show that Non-dominated sorting genetic algorithm II (NSGA-II) has better performance in finding the optimal solutions.

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Book part
Publication date: 19 November 2009

Abstract

Details

Pedestrian Behavior
Type: Book
ISBN: 978-1-848-55750-5

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Article
Publication date: 29 May 2020

Kh. Hosseinzadeh, So Roghani, A. Asadi, Amirreza Mogharrebi and D.D. Ganji

The purpose of this paper is to investigate micropolar magnetohydrodynamics (MHD) fluid flow passing over a vertical plate. Three different base fluids have been used that include…

244

Abstract

Purpose

The purpose of this paper is to investigate micropolar magnetohydrodynamics (MHD) fluid flow passing over a vertical plate. Three different base fluids have been used that include water, ethylene glycol and ethylene glycol/water (50%–50%). Also, a nanoparticle was used in all of the base fluids. The effects of natural convection heat transfer and magnetic field have been taken into account.

Design/methodology/approach

The main purpose of solving the governing equations is to scrutinize the effects of the magnetic parameter, the nanoparticle volume fraction, micropolar parameter and nanoparticles shape factor on velocity, temperature and microrotation profiles, the skin friction coefficient and the Nusselt number. These surveys have been considered for three base fluids simultaneously.

Findings

The results indicate that for water-based fluids, the temperature profile of lamina-shaped nanoparticles is 38.09% higher than brick-shaped nanoparticles.

Originality/value

This paper provides micropolar MHD fluid flow analysis considering natural convection heat transfer and magnetic field in three different base fluids. The aim of assessments is the diagnosis of some parameter effects, such as magnetic parameter and nanoparticle volume fraction, on velocity, temperature and microrotation profiles and components. Also, the use of mixed base fluids presented as a novelty in this paper.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 31 no. 1
Type: Research Article
ISSN: 0961-5539

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Article
Publication date: 17 December 2024

Nishanthini Ravichandra Rao and Jayendra Kasture

This study aims to analyse the Corporate Insolvency Resolution Process (CIRP) in India, emphasizing the unique challenges faced by different sectors. It highlights that 45.23% of…

10

Abstract

Purpose

This study aims to analyse the Corporate Insolvency Resolution Process (CIRP) in India, emphasizing the unique challenges faced by different sectors. It highlights that 45.23% of admitted cases result in liquidation or resolution, underscoring the need for sector-specific provisions in the Insolvency and Bankruptcy Code (IBC). The current framework’s limitations lead to higher haircuts and lower recovery rates. Sector operates under general provisions of IBC, which do not include specific clauses designed to address their particular requirements. The implementation of sector-specific strategies is essential for improving outcomes for both distress companies and their creditors. This approach will significantly enhance the efficacy of the insolvency resolution process.

Design/methodology/approach

This study uses data from the Insolvency and Bankruptcy Board of India (IBBI) through March 2024. It analyses 7,567 cases admitted under the Insolvency and Bankruptcy Code (IBC), 2016, focusing on sectoral insolvency across various industries such as manufacturing, real estate, constructions, hotels and restaurants, wholesale and retail trade, electricity, transport, storage, communications and others. It analyses data-driven decision-making approach by using formulas to calculate the key metrics such as insolvency rate, recovery rate and haircut rate from a large data set.

Findings

The overall insolvency rate is recorded at 45.23% with nearly half of the cases resulting in either liquidation or resolution plans. Out of the total cases, 2,476 resulted in liquidation, while 947 were resolved through approved plans. The recovery rate is 32.08%, indicating that less than one-third of admitted cases have been recovered. The average haircut rate is 67.89%, indicating substantial reductions in claims to facilitate resolutions. This sectoral analysis reveals that certain industries such as real estate and manufacturing are disproportionately affected, emphasizing the necessity for targeted interventions.

Originality/value

This study’s lies in its sector analysis and use of comprehensive data, from March 2016 to March 2024 from the IBBI. This paper caters to a unique sector and brings a novel viewpoint and valuable insights to the existing literature on insolvency processes in India.

Details

International Journal of Law and Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1754-243X

Keywords

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Book part
Publication date: 13 May 2019

Jiří Šubrt

Abstract

Details

Individualism, Holism and the Central Dilemma of Sociological Theory
Type: Book
ISBN: 978-1-78769-038-7

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Article
Publication date: 4 February 2025

Rasha Najib Al-Jabali, Norasnita Ahmad and Saleh F.A. Khatib

The purpose of this study is to review the literature on the adoption determinants of mobile health (M-health) applications for health behavior change following a systematic…

19

Abstract

Purpose

The purpose of this study is to review the literature on the adoption determinants of mobile health (M-health) applications for health behavior change following a systematic methodology.

Design/methodology/approach

This review systematically identified 134 peer-reviewed studies out of 10,687 from Scopus, Web of Science, PubMed and the Association for Computing Machinery (ACM) published between 2010 and 2021. This review used a thematic analysis to produce the main themes conceptualizing a holistic framework of the investigated M-health application adoption factors.

Findings

Despite the exploration of multifaceted adoption determinants and behaviors, the current publications exhibit limitations. The studies not only show a lack of representation of multiple health behaviors and medical conditions but also fail to involve data from low- and middle-developing countries, where M-health application utilization is crucial. Findings revealed that there is a considerable absence of a solid theoretical foundation that unveils a gap in interpreting the adoption factors effectively. Understanding cultural and demographic variances and exploring financial factors and healthcare provider involvement is essential for tailoring M-health application interventions. Continuous assessment of technological factors and evaluation of the actual impact of M-health application usage on behavioral changes and health outcomes will further enhance the effectiveness and adoption of these technologies.

Originality/value

This review is one of the first comprehensive reviews of determinants of M-health application adoption targeting health behavior change for the general public and patients.

Details

International Journal of Pharmaceutical and Healthcare Marketing, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6123

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