scholarly journals Allocation Of Residual Income Rights Under Internal Governance Empirical Results from the Hungarian Trucking Industry

Competitio ◽  
2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Joseph Windsperger ◽  
Maria Jell
Keyword(s):  
Property Rights ◽  
Explanatory Variable ◽  
Truck Drivers ◽  
Residual Income ◽  
Trucking Industry ◽  
Monitoring Cost ◽  
Internal Governance ◽  
Empirical Results ◽  
Monitoring Costs ◽  
Using Data

The paper offers a property rights and monitoring cost explanation for the allocation of residual income rights between the carriers and truck drivers under internal governance. First, by applying property rights theory, we argue that the structure of residual income rights depends on the importance of noncontractible (intangible) assets of the truck driver to generate a residual surplus. The more important the truck driver’s intangible knowledgeassets, the more residual income rights should be transferred to him. In addition, we controlled for the monitoring costs as an additional explanatory variable of the allocation of residual income rights. According to agency theory, the higher the variable proportion of the driver’s income, the higher the monitoring costs.These hypotheses were tested by using data from the Hungarian trucking industry. The empirical results are supportive of the hypotheses. JEL- Index: G32, M2

scholarly journals Managerial Ability and Corporate Social Responsibility

2021 ◽  
pp. 138-145
Author(s):  
Gao Meng ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Property Rights ◽  
Social Responsibility ◽  
Significant Positive Correlation ◽  
Stage Model ◽  
Managerial Ability ◽  
Empirical Results ◽  
Corporate Social ◽  
Managerial Capabilities ◽  
Specific Impact

The article uses the listed companies in Shanghai and Shenzhen in 2011-2017 as a research sample, uses the Demerjian (2012) Dea-Tobit two-stage model to measure managerial capabilities, and uses OLS regression to test the specific impact of managerial capabilities on corporate social responsibility. It analyzes the role played by the nature of property rights and the concentration of equity in the process of managers’ ability to influence corporate social responsibility. The empirical results show that there is a significant positive correlation between managerial ability and corporate social responsibility, that is, the improvement of managerial ability can promote enterprises to actively perform social responsibility. Further research found that state-owned property rights and equity concentration are significantly positively correlated with corporate social responsibility, and the interactions between state-owned property rights and managerial capabilities, and between equity concentration and managerial capabilities will also strengthen enterprises.

scholarly journals Failure and Value Creation: A Discriminant Analysis Applied to Moroccan Industrial Companies Listed on the Casablanca Stock Exchange

2020 ◽  
Vol 3 (4) ◽  
pp. 7-28
Author(s):  
Abdelkader Derbali
Keyword(s):  
Discriminant Analysis ◽  
Linear Discriminant Analysis ◽  
Scientific Knowledge ◽  
Value Creation ◽  
Explanatory Variable ◽  
Stock Exchange ◽  
Linear Discriminant ◽  
Empirical Results ◽  
Industrial Companies ◽  
Financial Difficulties

This article purposes to assess the contribution of shareholder value creation as an explanatory variable for the failure of Moroccan industrial companies listed on the Casablanca stock exchange. It also offers a scoring that reflects the probabilities of the financial difficulties to occur. There were used data for 30 Moroccan industrial companies listed on the Casablanca stock exchange during the period of study from 2010 to 2018. Methodologically, a linear discriminant analysis was employed. The empirical results of the discriminant analysis applied during the period of 2010-2018 show that value creation, liquidity and the size of the company are the most determining variables in classifying companies according to the degree of financial difficulties. Thus, the results received make it possible to create a relationship among recurrent scientific knowledge about forecasting the companies’ failure and empirical findings in the context of Moroccan industrial companies listed on the Casablanca stock exchange.

scholarly journals Artificial Intelligence (AI) techniques to analyze the determinants attributes in housing prices

2016 ◽  
Vol 19 (58) ◽  
pp. 23 ◽  
Author(s):  
Julia M. Núñez Tabale ◽  
Francisco J. Rey Carmona ◽  
José Mª Caridad y Ocerin
Keyword(s):  
Artificial Intelligence ◽  
Neural Networks ◽  
Explanatory Variable ◽  
Housing Prices ◽  
Good Alternative ◽  
Marginal Prices ◽  
Using Data ◽  
Econometric Approach ◽  
Hedonic Approach

The econometric approach to obtain the value of a property began with hedonic modelling, which were based on a set of property attributes, internal or external, associated to each particular dwelling. The final sale value can be estimated, and also the marginal prices of each exogenous explanatory variable. A good alternative to the hedonic approach is based on several Artificial Intelligence (AI) techniques, such as artificial neural networks (ANN), these tend to be more precise. Both methodologies are compared, and a case study is developed using data from Seville, the larger town in the South of Spain.

scholarly journals Endogenous Taxation in Ongoing Internal Conflict: The Case of Colombia

2018 ◽  
Vol 112 (4) ◽  
pp. 996-1015 ◽  
Author(s):  
RAFAEL CH ◽  
JACOB SHAPIRO ◽  
ABBEY STEELE ◽  
JUAN F. VARGAS
Keyword(s):  
Property Rights ◽  
Property Tax ◽  
Internal Conflict ◽  
Tax Revenue ◽  
Right Wing ◽  
Left Wing ◽  
Internal Armed Conflict ◽  
Internal Conflicts ◽  
Using Data ◽  
Municipal Level

Recent empirical evidence suggests an ambiguous relationship between internal conflicts, state capacity, and tax performance. In theory, internal conflict should create strong incentives for governments to develop the fiscal capacity necessary to defeat rivals. We argue that one reason that this does not occur is because internal conflict enables groups with de facto power to capture local fiscal and property rights institutions. We test this mechanism in Colombia using data on tax performance and property rights institutions at the municipal level. Municipalities affected by internal conflict have tax institutions consistent with the preferences of the parties dominating local violence. Those suffering more right-wing violence feature more land formalization and higher property tax revenues. Municipalities with substantial left-wing guerrilla violence collect less tax revenue and witness less land formalization. Our findings provide systematic evidence that internal armed conflict helps interest groups capture municipal institutions for their own private benefit, impeding state-building.

Emergence of Familiness and Family Owned Business Performance

2019 ◽  
Vol 10 (3) ◽  
pp. 61-73 ◽  
Author(s):  
Nay Zar Aung ◽  
Youji Kohda
Keyword(s):  
Business Performance ◽  
Family Resources ◽  
Governance System ◽  
Internal Governance ◽  
Resource Based View ◽  
Empirical Results ◽  
Family Attitudes ◽  
Governance Systems ◽  
Two Factors ◽  
Family Unity

This article explores the concept of familiness in family-owned businesses (FOBs), identifying how families generate their own resources for business performance. Applying the resource-based view, the authors examined seven Myanmar businesses. Findings revealed that two factors influence familiness in Myanmar FOB: family unity and internal governance systems, which can be subdivided into traditional and collective systems. Moreover, evaluation revealed that FOB's business performance was affected by different family attitudes. A combination of family unity and a traditional internal governance system was conducive to controlling the internal business capabilities, whereas creating external opportunities were considered more effective for a combination of family unity and a collective internal governance system. Findings suggest that familiness emerges through embedded family resources that incorporates a sense of awareness with abilities for business advantages. These empirical results can provide insights and inputs that can help small and medium-sized FOBs safeguard their future.

scholarly journals Factors Influencing the Frequency of Consumers’ Purchases of Locally-Produced Rice in Indonesia: A Poisson Regression Analysis

Agriculture ◽  
2019 ◽  
Vol 9 (6) ◽  
pp. 117 ◽  
Author(s):  
Apri Wahyudi ◽  
John K. M. Kuwornu ◽  
Endro Gunawan ◽  
Avishek Datta ◽  
Loc T. Nguyen
Keyword(s):  
Regression Analysis ◽  
Regression Model ◽  
Marketing Strategy ◽  
Poisson Regression ◽  
Poisson Regression Model ◽  
Poisson Regression Analysis ◽  
Empirical Results ◽  
Factors Influencing ◽  
Using Data

This study assessed the factors influencing the frequency of purchases of locally-produced rice using data collected from a sample of 400 consumers in Jakarta Province in Indonesia. The empirical results of a Poisson regression model revealed that socio-economic characteristics of the consumers (i.e., gender, age, occupation, education, and income), characteristics of the product (i.e., label and color), and the product’s price and promotion significantly influenced consumers’ frequency of purchasing locally-produced rice. The implication is that increasing the quality of locally-produced rice, applying an appropriate marketing strategy such as offering a relatively lower-priced product compared to the price of imported rice, and product promotion are necessary for increasing the frequency of consumers’ purchases of locally-produced rice.

Property Rights and Governance of Land Resources in Pastoral Areas of the Oromia Region, Ethiopia

2021 ◽  
Vol 28 (1) ◽  
pp. 167-186
Author(s):  
Fekadu Beyene Kenee, ◽  
Gadissa Tesfaye ◽  
Jebessa Teshome
Keyword(s):  
Property Rights ◽  
National Parks ◽  
Large Scale ◽  
Limited Resource ◽  
State Intervention ◽  
Private Land ◽  
Pastoral Systems ◽  
Study Approach ◽  
Using Data ◽  
Customary Land

This article examines customary institutions governing rangeland resources in the Oromia Region, Ethiopia. Using data from different pastoral groups, we employed a case-study approach to explore how property rights are defined and enforced. The study indicates heterogeneity in systems of defining and enforcing rights. Due to the fugitive nature of resource use in pastoral systems, property rights vary seasonally. Though flexibility in the definition of such rights has become central to the survival of pastoral herders, formal administrative boundaries and policies have limited resource access, becoming sources of violent conflict and obstacle to customary systems. Government policies favouring private land use, expansion of large-scale investment on pastoral land, establishment of national parks, and certification of privately used land challenged the smooth functioning of customary land governance. This implies that state intervention should not undermine customary systems but permit them to exercise rangeland governance and ensure pastoral rights to secure livelihoods.

The Fiscal Contract: States, Taxes, and Public Services

2005 ◽  
Vol 57 (4) ◽  
pp. 530-567 ◽  
Author(s):  
Jeffrey F. Timmons
Keyword(s):  
Property Rights ◽  
Public Services ◽  
State Autonomy ◽  
The Poor ◽  
State Capture ◽  
The Rich ◽  
State Taxes ◽  
Using Data ◽  
Fiscal Contract

Using data from approximately ninety countries, the author shows that the more a state taxes the rich as a percentage of GDP, the more it protects property rights; and the more it taxes the poor, the more it provides basic public services. There is no evidence that states gouge the rich to benefit the poor or vice versa, contrary to state-capture theories. Nor is there any evidence that taxes and spending are unrelated, contrary to state-autonomy models. Instead, states operate much like fiscal contracts, with groups getting what they pay for.

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