Investigating Institutional,Economic and Social Determinants of European Regions for Firm Growth Through Employment Generation

This paper examines the influence of the institutional, economic and social characteristics of a region on firm growth through employment generation across 14 European countries for the time period 2010–2013. Theoretically, we utilize the resource‐based view alongside insights from institutional theory to develop a conceptual framework that captures the influence of regional characteristics on firm employment growth. Based on this framework, our empirical results indicate that not only does firm growth depend on the firm‐specific characteristics found in the literature, but regional attributes also significantly impact firm growth in a heterogeneous way for different firm types. In line with the heterogeneous nature of firm growth, our results point to significant differences in the influence of institutional, economic and social characteristics on firm growth in different‐sized groups and across different rates of growth distribution. The implications of our study suggest the importance of managers and policy‐makers realizing which firms are mostly expected to benefit from the external environment, and which in turn can be planned via tailored policy reform by regional governments and firm‐level strategy‐making by managers.     

Interlocking directorship across Italian listed companies: evidence from a natural experiment

The financial crisis of 2008 and the introduction of the Interlocking Ban in 2011 (for financial firms) deeply influenced the Italian corporate governance system. The aim of the present study is to investigate to what extent personal ties among the directors of Italian listed companies have changed after these two events. We describe the evolution and dimension of the phenomenon of interlocking directorship (ID) for all the Italian listed companies over the period 1998–2013 using different methodologies. Social network analysis discloses the existence of clusters of companies whose links remain dense after the crisis, while connections to the peripheral units of the system decrease, reducing the overall connectedness. Results reveal that, over the period, there is a reduction in the cumulation ratio which still remains high and mainly due to a high number of directorships for multiple directors. This reduction is more severe after 2008 when both the financial crisis and the Interlocking Ban occur. In disentangling the two effects we observe ID reduction during and after the crisis, also for non-financial firms, confirming the general tendency of a decline in national board interlocking networks.     

Evaluation of Recursive Detection Methods for Turning Points in Financial Time Series

Timely identification of turning points in economic time series is important for planning control actions and achieving profitability. This paper compares sequential methods for detecting peaks and troughs in stock values and deciding the time to trade. Three semi‐parametric methods are considered: double exponential smoothing, time‐varying parameters and prediction error statistics. These methods are widely used in monitoring, forecasting and control, and their common features are recursive computation and exponential weighting of observations. The novelty of this paper is the selection of smoothing and alarm coefficients for maximisation of the gain (the difference in level between subsequent peaks and troughs) of sample data. The methods are compared on applications to leading financial series and with simulation experiments.     

The Efficiency of the Italian Judicial System: A Two Stage Data Envelopment Analysis Approach

Social Indicators Research - During the last two decades there was great attention for improved performance in the public sector. We know how important a good judicial system is: it...     

A Neo-Durkheimian analysis of a new religious movement: The case of Soka Gakkai in Italy

Soka Gakkai is one of the world’s fastest-growing religious movements and Italy figures among the western nations where this religious group has been most successful. This article aims at explaining this success-story: why has Soka Gakkai, and particularly its Italian affiliation, grown so rapidly in recent years? This research question gives the opportunity to assess the applicability of the economic theory of religion to the growth of new religious movements. Hence, in order to explain the expansion of Soka Gakkai, this work begins with an examination of the adaptive strategies developed by a Japanese organization in the Italian religious market. It is claimed, however, that a rational choice explanation cannot stand on its own and that we must take into account the dynamics of pre-contractual solidarity that promote trust, especially when the expected benefits promised by this organization to its adherents do not materialize. Moreover, these solidarity dynamics generate intense emotional gratification that works as a highly motivating incentive to sustain members’ commitment and to prevent them from dropping out. This pre-contractual solidarity is actively produced and continuously reproduced by means of ritual interaction along the lines suggested by Collins’s theory.     

Hunger,nutrition, and precipitation: evidence from Ghana and Bangladesh

Population and Environment - Changing precipitation patterns caused by climate change are expected to have major impacts on food security and nutrition in agrarian areas in developing countries....     

Smoothing,Decomposing and Forecasting Mortality Rates

European Journal of Population - The Lee–Carter (LC) model represents a landmark paper in mortality forecasting. While having been widely accepted and adopted, the model has some limitations...     

Problematising international placements as a site of intercultural learning

This paper theorises some of the learning outcomes of a three-year project concerning student learning in international social work placements in Malaysia. The problematic issue of promoting cultural and intercultural competence through such placements is examined, where overlapping hegemonies are discussed in terms of isomorphism of social work models, that of the nation state, together with those relating to professional values and knowledge, and the tyrannies of received ideas. A critical discussion of cultural competence as the rationale for international placements is discussed in terms of the development of the graduating social worker as a self-reflexive practitioner. The development of sustainable international partnerships able to support student placement and the issue of non-symmetrical reciprocation, typical of wide socio-economic differentials across global regions, is additionally discussed.     

Impact Factors and Risk Analysis of Tropical Cyclones on a Highway Network

Coastal areas typically have high social and economic development and are likely to suffer huge losses due to tropical cyclones. These cyclones have a great impact on the transportation network, but there have been a limited number of studies about tropical‐cyclone‐induced transportation network functional damages, especially in Asia. This study develops an innovative measurement and analytical tool for highway network functional damage and risk in the context of a tropical cyclone, with which we explored the critical spatial characteristics of tropical cyclones with regard to functional damage to a highway network by developing linear regression models to quantify their relationship. Furthermore, we assessed the network's functional risk and calculated the return periods under different damage levels. In our analyses, we consider the real‐world highway network of Hainan province, China. Our results illustrate that the most important spatial characteristics were location (in particular, the midlands), travel distance, landfalling status, and origin coordinates. However, the trajectory direction did not obviously affect the results. Our analyses indicate that the highway network of Hainan province may suffer from a 90% functional damage scenario every 4.28 years. These results have critical policy implications for the transport sector in reference to emergency planning and disaster reduction.