Tax or beg? Mandatory payments to charity and their effects on donor behaviour

Charitable organisations derive income from various sources - directly through voluntary donations provided by individual people, and indirectly through funds provided by the state. It is perhaps natural to wonder why the state is required to finance these organisations when it is individual people who vote for government in the first place and pay for its spending via their taxes.

The purpose of this study is to ask whether such mandatory payments to charity would lead to higher contributions than a system of purely voluntary donations.

Updated: 06/02/2013
Comments:
Views: 3,958

Asymptotics for panel models with common shocks

Author(s):

Lorenzo Trapani

 et al.
Topic:
Finance
Industry:
Any Industry

There is a growing body of literature dealing with limit theory for non-stationary panels where common shocks are present among the regressors, thereby introducing strong cross-sectional dependence

The main aim of this paper is to propose a novel asymptotic theory for panel models where common shocks are present among the regressors, thereby introducing strong cross-sectional dependence.

Updated: 14/01/2013
Comments:
Views: 3,714

Designing structural heterogeneity: fit, robustness and equifinality

Author(s):

Santi Furnari

 et al.

The most important organisation design models explain the variety of effective forms in terms of internal fit among organisational traits and of external fit between those traits and external conditions.

This paper offers a typology of sources of structural heterogeneity, a set of propositions on their relation with different types of performance, and an exploratory empirical test on a multi-industry sample of large firms.

Updated: 12/07/2014
Comments: 2
Views: 3,354

Are democratic governments more efficient?

Author(s):

Manthos Delis

 et al.
Topic:
Finance
Industry:
Public Policy

This paper explores the relationship between public sector efficiency (PSE) and the level of democracy, both theoretically and empirically. Specifically, it is assumed that elected officials in democracies are 'more' accountable to voters than the respective ones in autocracies.

Do you agree that democratic governments may be seen as more economically efficient?

Updated: 06/02/2013
Comments:
Views: 4,054

Re-thinking configurational fit

Author(s):

Santi Furnari

 et al.
Topic:
Strategy
Industry:
Any Industry

Few ideas have been more persistently central in both strategy and organisation research than the concept of fit.

In this paper, theory-based counterfactual analysis is used to tackle the lack of predictive power often characterising current approaches to configurational fit. Secondly, the researchers rely on recent applications of set-theoretic and relational, network-based, methods to enrich the empirical assessment of configurational fit.

Updated: 14/01/2013
Comments:
Views: 3,251

Risk management issues in European equity funds

Author(s):

Natasa Todorovic

 et al.
Topic:
Finance

The 2008 financial crisis highlighted the lack of effective risk management in the asset management industry. There was a lack of transparency and feasibility in the quantitative tools used to compute the value and risk management for the exotic credit derivatives products. Clearly, risk management was not well understood or used properly by financial companies that operated in this turbulent environment.

This paper provides a comprehensive analysis of current risk management practices of active European equity long-only funds and hedge funds.

Updated: 14/01/2013
Comments:
Views: 4,689

Beware fund managers bearing gifts: developments in human capital and investment

Author(s):

Chris Rowley

 et al.


After the post-2008 global financial crisis, people are much more interested in knowing more about human capital as a key indicator of future value in firms. Investors increasingly need to see early warning signs of failure or growth prospects in their investments. For bankers, lending proposals are either accepted or rejected on the basis of set financial ratios, such as debt to equity and loan to valuation.

Do these ratios tell the real story of the value which is being created, or destroyed, within a company? Is it dangerous for investors to rely on quantitative measures alone?

Updated: 14/01/2013
Comments: 1
Views: 4,123

Why managers with low forecast precision select high disclosure intensity

Author(s):

Miles Gietzmann

 et al.
Topic:
Finance
Industry:
Any Industry

Shin (2006) has argued that in order to understand the equilibrium patterns of corporate disclosure, it is necessary for researchers to work within an asset pricing framework in which corporate disclosures are endogenously determined.

The purpose of this paper is to introduce a general equilibrium model following the Black-Scholes paradigm with endogeneous disclosure in which firms select uniquely determined optimal probabilities of early equity-value discovery in a noisy environment.

Updated: 14/01/2013
Comments:
Views: 3,808

Structuring frames for change: A comparative case study of IT-enabled organisational change



Over the last few decades, businesses worldwide have embraced information technologies as a source of increased efficiency and productivity. Yet, the literature on IT adoption is full of stories of unfulfilled potential. This is often the case when managers explicitly plan to change a firm's organisational structure and processes via the introduction of information technologies, what is often called "IT-enabled organisational change".

This paper examines how two organisations used information technologies to introduce the same type of IT-enabled organisational change with radically different outcomes.

Updated: 14/01/2013
Comments:
Views: 4,199