Richard E. Boyatzis and Franco Ratti
The purpose of this study is to report data showing competencies that distinguish effective managers and leaders in a large Italian company and in Italian cooperatives.
Abstract
Purpose
The purpose of this study is to report data showing competencies that distinguish effective managers and leaders in a large Italian company and in Italian cooperatives.
Design/methodology/approach
The approach takes the form of analysis competencies coded from 51 interviews and 53,360 assessments of managers and leaders comparing more and less effective managers and leaders.
Findings
Emotional, social and cognitive intelligence competencies predict effectiveness in management and leadership roles in a variety of Italian organizations.
Research limitations/implications
Although each sample is small, together they create a basis for future confirmatory research.
Practical implications
Competencies needed to be effective can be identified.
Originality/value
The paper and the studies reported are the first to be published showing competencies that distinguish effectiveness in Italian managers and leaders.
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Saeed Abubakr and Franco Esposito
The purpose of this paper is to investigate the impact of bank concentration on firm financial constraints to perform investment across two types of financial constraints firms.
Abstract
Purpose
The purpose of this paper is to investigate the impact of bank concentration on firm financial constraints to perform investment across two types of financial constraints firms.
Design/methodology/approach
The authors analyse this relationship by estimating the investment‐cash flow sensitivity across groups of firms classified according to debt maturity structure model. The firms were classified as short‐term and long‐term debt dependent firms. Empirically the authors analyze a sample that consists of the most recent dataset (over 2001‐2009) of UK firms that engage in foreign direct investment by using fixed‐effects and GMM‐IV estimation techniques.
Findings
Bank concentration was found to relax financial constraints on firm level investment. Results indicate that higher level financial constraints are associated with short‐term debt dependent firms that exhibit high level of investment‐cash flow sensitivity. Further, it was found that bank concentration is associated with reduction in financial constraints on firm investment and this effect is stronger for short‐term debt dependent firms.
Originality/value
Unlike previous studies, the paper investigates the bank concentration effects on UK foreign direct investing firms that are uniquely classified; based on distinctive dimension of financial frictions in capital market. Estimated results ascertain that information‐based hypothesis is pertinent to the UK capital market.
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Stefan Tscharaktschiew and Felix Reimann
Recent studies on commuter parking in an age of fully autonomous vehicles (FAVs) suggest, that the number of parking spaces close to the workplace demanded by commuters will…
Abstract
Purpose
Recent studies on commuter parking in an age of fully autonomous vehicles (FAVs) suggest, that the number of parking spaces close to the workplace demanded by commuters will decline because of the capability of FAVs to return home, to seek out (free) parking elsewhere or just cruise. This would be good news because, as of today, parking is one of the largest consumers of urban land and is associated with substantial costs to society. None of the studies, however, is concerned with the special case of employer-provided parking, although workplace parking is a widespread phenomenon and, in many instances, the dominant form of commuter parking. The purpose of this paper is to analyze whether commuter parking will decline with the advent of self-driving cars when parking is provided by the employer.
Design/methodology/approach
This study looks at commuter parking from the perspective of both the employer and the employee because in the case of employer-provided parking, the firm’s decision to offer a parking space and the incentive of employees to accept that offer are closely interrelated because of the fringe benefit character of workplace parking. This study develops an economic equilibrium model that explicitly maps the employer–employee relationship, considering the treatment of parking provision and parking policy in the income tax code and accounting for adverse effects from commuting, parking and public transit. This study determines the market level of employer-provided parking in the absence and presence of FAVs and identifies the factors that drive the difference. This study then approximates the magnitude of each factor, relying on recent (first) empirical evidence on the impacts of FAVs.
Findings
This paper’s analysis suggests that as long as distortive (tax) policy favors employer-provided parking, FAVs are no guarantee to end up with less commuter parking.
Originality/value
This study’s findings imply that in a world of self-driving cars, policy intervention related to work commuting (e.g. fringe benefit taxation or transport pricing) might be even more warranted than today.
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Cristiano Codagnone, Athina Karatzogianni and Jacob Matthews
In recent years in Italy, as in the rest of Europe, new andprofound changes have occurred in both the economic and political worldas a whole. Such transformations in social and…
Abstract
In recent years in Italy, as in the rest of Europe, new and profound changes have occurred in both the economic and political world as a whole. Such transformations in social and economic systems, typical of societies in the phase of transition to industrially advanced economies, have determined the need for the strategic and organization reorientation of Italian companies. Explains the strategic role of human resources in this new scenario, analysing some different models of HRM, the context of industrial relations, the differences between small and large companies in terms of HRM and the level of know‐how (technique and management systems) achieved by personnel managers.
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Karan Raj and Devashish Sharma
The purpose of this study is to construct a new index to assess the impact of an energy price shock on macroeconomic indicators of India. This paper also shows a comparative…
Abstract
Purpose
The purpose of this study is to construct a new index to assess the impact of an energy price shock on macroeconomic indicators of India. This paper also shows a comparative analysis of the constructed index along with pre-existing World Bank and International Monetary Fund indices on energy.
Design/methodology/approach
This paper uses three vector autoregressions and compute the long-term impact of the indices on the considered macroeconomic variables through impulse response functions.
Findings
This paper finds that an energy price shock has a detrimental impact on the macroeconomic indicators of India in the long run. This study also finds that the constructed index acts as a relatively more sensitive index in comparison to the International Monetary Fund and World Bank indices, which is bespoke to a developing economy case. This sensitivity is ascribed to dynamic weighting for a different basket of energy components, which are more pertinent to an Indian context.
Originality/value
The novelty of this research lies in the construction of a new index and its comparison to the existing ones. This study justifies why a developing economy would require a different measure of energy as opposed to the existing indices.
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This paper aims to provide an insight into how fashion designer businesses work and survive in London, with an understanding of business techniques and the survival strategies of…
Abstract
Purpose
This paper aims to provide an insight into how fashion designer businesses work and survive in London, with an understanding of business techniques and the survival strategies of British fashion designers.
Design/methodology/ approach
The initial research demonstrated a need to define “innovation” as well as recognise the approach of “creative people” in business by exploring existing literature. This was followed by a series of structured interviews with nine British Fashion Designers in London, and three with intermediaries aimed at putting the designers' activities within a business context: a fashion PR; a lawyer specialising in fashion business and a creative director of a fashion distributor.
Findings
The research suggests ten survival strategies employed by fashion designers. The five fashion designers in a sustainable business all operated all of these principles. Those no longer in business operated between one and five of these principles. As designers gain experience and realise their “value“, there is evidence that they can get leverage for contractual agreements with licensors, which has led to financial growth of the designers' businesses. Strategies for diversification and consultancy, if managed without diluting design values, have also led to business growth and stability.
Research limitations/implications
Further research is required to consider innovation and entrepreneurship in the different creative and cultural industries, particularly concerning issues and challenges for the creative person.
Practical implications
The implications are that designers need to be quick to understand the business and wider environment in which they are operating. More published material needs to be widely available to them concerning role models and business models relevant to this unique and problematic industry.
Originality/value
The value of this original research is to share experience and inform designers and practitioners of current practices.
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In my original efforts, I designated and depicted no less than nine “men” of economics. Essentially, I contended, as man has always tended to create God in his own image and…
Abstract
In my original efforts, I designated and depicted no less than nine “men” of economics. Essentially, I contended, as man has always tended to create God in his own image and likeness, so economists have fashioned man largely in their discipline's perceived nature and scope. These generic homines economici, that is, have thus been and perhaps cannot really be other than economists' “men”, and the study thereof provides accordingly a meaningful alternative approach to the history, nature and scope of economics itself.