scholarly journals A Grant to Every Citizen: Survey Evidence of the Impact of a Direct Government Payment in Israel

2020 ◽  
Author(s):  
Naomi E. Feldman ◽  
Ori Heffetz
Keyword(s):  
Direct Government ◽  
Government Payment ◽  
The Impact

scholarly journals State ownership and efficiency characteristics

2017 ◽  
pp. 5-37 ◽  
Author(s):  
A. Abramov ◽  
A. Radygin ◽  
M. Chernova ◽  
R. Entov
Keyword(s):  
State Ownership ◽  
Government Ownership ◽  
Gross Margin ◽  
Private Companies ◽  
Return On Equity ◽  
Debt Burden ◽  
Lower Productivity ◽  
Negative Effect ◽  
Direct Government ◽  
The Impact

The paper examines the influence of state participation in the ownership structure of companies on their financial efficiency using a sample of 114 largest companies in Russia. As an indirect indicator of efficiency we used a variety of financial indicators: revenue per employee (gross margin), return on equity, profit margin and debt burden. The authors have tried to discriminate the influence of direct and indirect state ownership. Using econometric analysis we conclude that the size of the block of shares owned by the state has negative effect on the performance characteristics, and its increase is associated with an increase in the debt burden of companies. According to our criteria, state-owned enterprises (SOEs) on average perform worse than private companies. The study shows that a change in the profitability of private companies is characterized by a significant dependence on the movement of indirect productivity characteristics. At the same time, for SOEs the similar correlation between return on equity and efficiency characteristics was not revealed. The study shows that the increase of the size of direct government ownership leads to lower productivity and profitability; the impact of indirect state ownership is, seemingly, more complicated.

Catholic Colleges, the Courts, and the Constitution: A Tale of Two Cases

1989 ◽  
Vol 58 (2) ◽  
pp. 197-210 ◽  
Author(s):  
Joseph Richard Preville
Keyword(s):  
Higher Education ◽  
Public Works ◽  
Court Cases ◽  
Catholic Higher Education ◽  
Catholic Colleges ◽  
Government Aid ◽  
The Subject ◽  
Direct Government ◽  
American Catholic ◽  
The Impact

Of the forces that have shaped contemporary American Catholic higher education, few have been more generative or influential than the proceedings of two court cases which tested the constitutionality of direct government aid to sectarian and church-related colleges and universities. These two court cases were Horace Mann League v. Board of Public Works (1966) and Tilton v. Richardson (1971). The impact of these judicial rulings over the radical transformation and substantive reform of American Catholic higher education during the past quarter of a century is the subject of this article.

scholarly journals The impact of government financial assistance on the performance and financing of Australian SMEs

2017 ◽  
Vol 30 (4) ◽  
pp. 447-464 ◽  
Author(s):  
Dong Xiang ◽  
Andrew C. Worthington
Keyword(s):  
Financial Assistance ◽  
Federal State ◽  
Firm Level ◽  
Data Set ◽  
Content Type ◽  
Goods And Services ◽  
Control Factors ◽  
The Future ◽  
Direct Government ◽  
The Impact

Purpose This paper aims to examine the impact of government financial assistance provided to Australian small and medium-sized enterprises (SMEs). Design/methodology/approach This study uses firm-level panel data on more than 2,000 SMEs over a five-year period from the Business Longitudinal Database compiled by the Australian Bureau of Statistics. The authors measure the impact of government financial assistance in terms of subsequent SME performance (income from sales of goods and services and profitability) and changes in the availability of alternative nongovernment finance. Findings The authors find government financial assistance helps SMEs improve performance over and above the effects of conventional financing. They also find than the implicit guarantee effect signalled by a firm receiving government financial assistance suggests firms are more likely to obtain nongovernment finance in the future. Control factors that significantly affect SME performance and finance availability include business size, the level of innovation, business objectives and industry. Research limitations/implications Nearly all of the responses in the original survey data are qualitative, so we are unable to assess how the strength of these relationships varies by the levels of assistance, income and profitability. The measure of government financial assistance of the authors is also general in that it includes grants, subsidies and rebates from any Australian Government organisation, so we are unable to comment on the impact of individual federal, state or local government programmes. Practical implications Government financial assistance helps SMEs improve both immediate and future performance as measured by income and profitability. This could be because government financial assistance quickly overcomes the financial constraints endemic in SMEs. Government financial assistance also helps SMEs obtain nongovernment finance in the future. The authors conjecture that this is because it overcomes some of the information opaqueness of SMEs. Originality/value Few studies focus on the impact of direct government financial assistance compared with indirect assistance as typical in credit guarantee schemes. The authors use a very large and detailed data set on Australian SMEs to undertake the analysis.

scholarly journals Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance

2012 ◽  
Vol 6 (1) ◽  
pp. 08-36 ◽  
Author(s):  
Bijan Vasigh ◽  
Clara Vydyanath Howard
Keyword(s):  
Stochastic Frontier ◽  
Developed Countries ◽  
The United States ◽  
Government Control ◽  
Aviation Management ◽  
Management Literature ◽  
Direct Government ◽  
High Degree ◽  
The Impact ◽  
Developing And Developed Countries

Assessing the effects of ownership structure on efficiency has received considerable attention in the aviation management literature. Commercialization has been widely employed both in developing and developed countries as a means of increasing operational efficiency. Since airports and seaports are operationally similar, this paper examines the literature and methods used to assess the effects of privatization in both types of infrastructure. We observe that the impact of privatization on performance depends not only on the degree of privatization but on the competition in the market. Following a 4-level specification commonly employed in the seaport literature that captures degrees of privatization, we estimate a stochastic frontier model for airport efficiency as a function of ownership. We conclude that airport authorities in the United States are equally as efficient as fully privatized airports elsewhere, due to a high degree of competition and fiscal independence from the other governmental entities. Additionally, while privatization may be an effective mechanism of introducing corporatization into infrastructures that are characterized by poor competition and direct government control, the airport authority appears to achieve the benefits of privatization in operation without actual transfer of ownership.

scholarly journals The Impact of Tax Incentives on Research and Development

2017 ◽  
Vol 65 (2) ◽  
pp. 737-743 ◽  
Author(s):  
Petr Svoboda
Keyword(s):  
Research And Development ◽  
Tax Incentives ◽  
Interesting Case ◽  
Government Support ◽  
Effective Form ◽  
Development Support ◽  
Support Of Research ◽  
Direct Government ◽  
The Impact ◽  
Funding Research

The goal of this article is to analyze the impact of tax incentives on research and development and compare its effectiveness to direct government support of research and development. The analysis is based on regression analysis, which compares effect of tax incentives for research and development and direct government support (as percentage of GDP) in 28 countries of OECD in 2013 on innovative effectiveness of these countries measured by number of registered triadic patent families per billion GDP in the same year. Results suggest that tax incentives are more effective form of research and development support than direct government funding. Research also revealed interesting case of Switzerland’s research and development performance backed by almost none government support, which should be subject to future study.

The Politics of Paying Physicians: The Determinants of Government Payment Methods in England, Sweden, and the United States

1971 ◽  
Vol 1 (1) ◽  
pp. 71-78 ◽  
Author(s):  
T. Marmor ◽  
D. Thomas
Keyword(s):  
United States ◽  
The United States ◽  
Policy Implications ◽  
Payment Method ◽  
Industrial Countries ◽  
Political Resources ◽  
Secondary Information ◽  
Willingness To Use ◽  
Government Payment ◽  
The Impact

This paper most generally seeks to account for why governments pay doctors as they do. It evaluates the hypothesis that, among western industrial countries, widely known physician preferences on method of pay determine subsequent policy, whatever the bargaining arrangements and distinctive national political setting. Two bodies of data are used: primary studies of payment method decisions in Sweden, England, and the United States, and secondary information on methods of payment employed throughout the world complied by Glaser. The data proved consistent with the factual hypothesis. The explanation offered stresses the structural imbalance between the political resources (and willingness to use them) of physicians and governments on questions of payment method. This account has policy implications quite different from those stressing the impact of bargaining forms and settings in payment method decisions.

Formation of Lunar Craters and Bright Rays as a Result of Meteorite Impacts

1962 ◽  
Vol 14 ◽  
pp. 415-418
Author(s):  
K. P. Stanyukovich ◽  
V. A. Bronshten
Keyword(s):  
Explosive Charge ◽  
The Moon ◽  
Meteorite Impacts ◽  
The Earth ◽  
Lunar Craters ◽  
The Impact

The phenomena accompanying the impact of large meteorites on the surface of the Moon or of the Earth can be examined on the basis of the theory of explosive phenomena if we assume that, instead of an exploding meteorite moving inside the rock, we have an explosive charge (equivalent in energy), situated at a certain distance under the surface.

The Geosciences Applied to Lunar Exploration

1962 ◽  
Vol 14 ◽  
pp. 169-257 ◽  
Author(s):  
J. Green
Keyword(s):  
Lunar Surface ◽  
Probable Mechanism ◽  
Point Of View ◽  
Lunar Exploration ◽  
Geological Model ◽  
Apply Geophysics ◽  
Surface Features ◽  
The Impact

The term geo-sciences has been used here to include the disciplines geology, geophysics and geochemistry. However, in order to apply geophysics and geochemistry effectively one must begin with a geological model. Therefore, the science of geology should be used as the basis for lunar exploration. From an astronomical point of view, a lunar terrain heavily impacted with meteors appears the more reasonable; although from a geological standpoint, volcanism seems the more probable mechanism. A surface liberally marked with volcanic features has been advocated by such geologists as Bülow, Dana, Suess, von Wolff, Shaler, Spurr, and Kuno. In this paper, both the impact and volcanic hypotheses are considered in the application of the geo-sciences to manned lunar exploration. However, more emphasis is placed on the volcanic, or more correctly the defluidization, hypothesis to account for lunar surface features.

Asteroid and Comet Impact Speeds upon Mars: Significance for Panspermia and the Supply of Organics

1997 ◽  
Vol 161 ◽  
pp. 197-201 ◽  
Author(s):  
Duncan Steel
Keyword(s):  
Probability Distributions ◽  
Regions Of Interest ◽  
Significant Fraction ◽  
Organic Chemicals ◽  
Impact Speed ◽  
The Mean ◽  
The Impact

AbstractWhilst lithopanspermia depends upon massive impacts occurring at a speed above some limit, the intact delivery of organic chemicals or other volatiles to a planet requires the impact speed to be below some other limit such that a significant fraction of that material escapes destruction. Thus the two opposite ends of the impact speed distributions are the regions of interest in the bioastronomical context, whereas much modelling work on impacts delivers, or makes use of, only the mean speed. Here the probability distributions of impact speeds upon Mars are calculated for (i) the orbital distribution of known asteroids; and (ii) the expected distribution of near-parabolic cometary orbits. It is found that cometary impacts are far more likely to eject rocks from Mars (over 99 percent of the cometary impacts are at speeds above 20 km/sec, but at most 5 percent of the asteroidal impacts); paradoxically, the objects impacting at speeds low enough to make organic/volatile survival possible (the asteroids) are those which are depleted in such species.

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