scholarly journals Productivity effects of the ownership concentration in Polish employee-owned companies

Equilibrium ◽  
2018 ◽  
Vol 13 (4) ◽  
pp. 781-798
Author(s):  
Agnieszka Matuszewska-Pierzynka
Keyword(s):  
Empirical Research ◽  
Least Squares Method ◽  
Empirical Studies ◽  
National Court ◽  
Value Added ◽  
Optimal Level ◽  
Ordinary Least Squares ◽  
Ownership Concentration ◽  
Research Hypothesis ◽  
State Owned Enterprise

Research background: The conducted empirical research on the influence of the degree of ownership concentration in the employee–owned companies on their sales revenues thematically fits into the issue of efficiency of the direct privatisation method, in particular giving a state–owned enterprise for use against payment. Purpose of the article: The main goal of this article is to verify the research hypothesis stating that in employee–owned companies an increase in the degree of ownership concentration leads to an increase in sales revenues. Methods: The empirical studies were carried out on a sample of 15 employee-owned companies from Mazowieckie Province, which concluded the agreement of giving a state–owned enterprise for use against payment from 2000 to 2004 and using the data from financial statements handed in by these entities to the National Court Register for a ten–year period after the privatisation year. The verification of research hypothesis was based on the estimation of a Cobb–Douglas production function by Ordinary Least Squares method for two variants, differing in the way of measuring the degree of ownership concentration in investigated employee–owned companies. Findings & Value added: The research hypothesis formulated in this paper was verified negatively as the increase in the degree of ownership concentration in employee–owned companies caused the decrease in their sales revenues. The conducted empirical research also suggests that sales revenues in examined employee–owned companies peak at some intermediate/optimal level of ownership concentration.

scholarly journals Impact of Tourism Sector on Gross Domestic Product Growth in Jordan

2020 ◽  
Vol 11 (1) ◽  
pp. 106
Author(s):  
Khaled Abdalla Moh'd AL-Tamimi
Keyword(s):  
Growth Rate ◽  
Least Squares Method ◽  
Empirical Studies ◽  
Ordinary Least Squares ◽  
Gdp Growth ◽  
Gdp Growth Rate ◽  
Tourism Sector ◽  
Negative Impacts ◽  
The Impact ◽  
Ordinary Least Squares Method

This study investigates the impact of development of tourism sector on GDP growth rate in Jordan by depending on annual statistics for the period (2010 – 2017); as receipts of tourism sector percentage to exports, arrivals of tourists and expenditures of tourism sector percentage to imports are independent variables, while growth rate of GDP (an indicator of economic growth), is a dependent variable. This paper begins with theoretical studies that analyze the impact of development of tourism sector on GDP growth rate, and empirical studies to analyze this impact. After that, it analyzes the impact of development of tourism sector on GDP growth rate in Jordan by depending on annual statistics for the period (2010 – 2017) by depending on ordinary least squares method by SPSS version. The study finds insignificant impacts of receipts of tourism sector percentage to exports and arrivals of tourists on GDP growth rate in Jordan by depending on annual statistics for the period 2010 to 2017, but there is a negative and significant impact of expenditures of tourism sector percentage to imports on GDP growth rate in Jordan by depending on annual statistics for the period 2010 to 2017. The study recommends decreasing expenditures of tourism sector due to their negative impacts on GDP growth rate.

scholarly journals Relationship between corporate sustainability performance and corporate financial performance: evidence from U.S. companies

Equilibrium ◽  
2021 ◽  
Vol 16 (4) ◽  
pp. 885-906
Author(s):  
Agnieszka Matuszewska-Pierzynka
Keyword(s):  
Financial Performance ◽  
Empirical Research ◽  
Empirical Studies ◽  
Corporate Sustainability ◽  
Value Added ◽  
Corporate Financial Performance ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
The Relationship ◽  
A Company

Research background: Sustainable development at the enterprise level is understood as the integration of economic, environmental and social dimensions aimed at meeting the needs of all firm?s stakeholders in the present and in the future. Therefore, it is crucial to evaluate the relationship between economic, environmental and social sustainability performance of a company and its financial performance. Purpose of the article: Considering the business model for sustainability as well as the debatable results of empirical research on the relationship between corporate sustainability performance (CSP) and corporate financial performance (CFP), the essential aim of the paper is to answer the question whether the improvement of corporate sustainability performance in its all particular dimensions brings about higher total revenues (TR) of a company. Methods: The main method of empirical research is panel regression models based on Cobb-Douglas production function, which has been extended to include variables of corporate sustainability scores. The selection between pooled OLS model, random-effects model and fixed-effects model has been made with the use of the F test, the Breusch-Pagan test and the Hausman test. Additionally, descriptive statistics and the Pearson correlation coefficients have been analyzed. The empirical studies were conducted in the period 2014?2019 among the 59 largest U.S. companies listed in the Fortune 500 ranking between 2015?2020. Findings & value added: The research hypothesis assuming the existence of positive relationship between corporate sustainability performance (CSP) at both aggregate and disaggregate levels and corporate financial performance (CFP) expressed by TR cannot be positively verified. It means that the improvement of corporate sustainability performance in environmental, social and governance dimensions does not lead to an increase in TR of a company, as some empirical studies suggest.

scholarly journals Net profit distribution policy in companies using state-owned enterprises against payment

2015 ◽  
Vol 6 (2) ◽  
pp. 89
Author(s):  
Agnieszka Matuszewska-Pierzynka
Keyword(s):  
Empirical Investigation ◽  
Empirical Studies ◽  
National Court ◽  
Descriptive Statistics ◽  
Main Hypothesis ◽  
Main Research ◽  
Profit Distribution ◽  
Net Profit ◽  
State Owned Enterprise ◽  
Retained Earnings

The main objective of this paper is to present the results of empirical studies on net profit distribution in companies using state–owned enterprises against payment. The main research hypothesis states that the majority of companies using state–owned enterprises against payment waive their right to the dividend and transfer a major part of retained earnings to supplementary capital. The empirical investigation of the main hypothesis has been conducted among 21 companies based in Mazowieckie Province, which concluded privatisation agreements with the State Treasury in years 2000–2005. The analysis of net profit distribution in companies using state–owned enterprises against payment is based on data collected and processed by the author of the article from the National Court Register, for the period from the privatisation date of the surveyed enterprises to 2010, using measures of descriptive statistics. The paper consists of the following parts: the introduction, the essence of giving state–owned enterprise for use against payment, the characteristics of companies qualified to the research sample, net profit distribution policy in companies using state–owned enterprises against payment. Finally, it is concluded that over the first three years of operation every second company using a state–owned enterprise against payment did not pay a dividend transferring all of retained earnings to supplementary capital.

scholarly journals Osteopathic empirical research: a bibliometric analysis from 1966 to 2018

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Chantal Morin ◽  
Isabelle Gaboury
Keyword(s):  
Bibliometric Analysis ◽  
Empirical Research ◽  
Scientific Literature ◽  
Case Reports ◽  
Empirical Studies ◽  
Body Part ◽  
The United States ◽  
Mesh Terms ◽  
Research Designs ◽  
System Body

Abstract Background Despite the increasing use of osteopathy, a manipulative complementary and alternative medicine therapy, in the general population, its efficacy continues to be debated. In this era of evidence-based practice, no studies have previously reviewed the scientific literature in the field to identify published knowledge, trends and gaps in empirical research. The aims of this bibliometric analysis are to describe characteristics of articles published on the efficacy of osteopathic interventions and to provide an overall portrait of their impacts in the scientific literature. Methods A bibliometric analysis approach was used. Articles were identified with searches using a combination of relevant MeSH terms and indexing keywords about osteopathy and research designs in MEDLINE and CINAHL databases. The following indicators were extracted: country of primary author, year of publication, journals, impact factor of the journal, number of citations, research design, participants’ age group, system/body part addressed, primary outcome, indexing keywords and types of techniques. Results A total of 389 articles met the inclusion criteria. The number of empirical studies doubled every 5 years, with the United States, Italy, Spain, and United Kingdom being the most productive countries. Twenty-three articles were cited over 100 times. Articles were published in 103 different indexed journals, but more than half (53.7%) of articles were published in one of three osteopathy-focused readership journals. Randomized control trials (n = 145; 37.3%) and case reports (n = 142; 36.5%) were the most common research designs. A total of 187 (48.1%) studies examined the effects of osteopathic interventions using a combination of techniques that belonged to two or all of the classic fields of osteopathic interventions (musculoskeletal, cranial, and visceral). Conclusion The number of osteopathy empirical studies increased significantly from 1980 to 2014. The productivity appears to be very much in sync with practice development and innovations; however, the articles were mainly published in osteopathic journals targeting a limited, disciplinary-focused readership.

scholarly journals First-Generation College Students and Family Support: A Critical Review of Empirical Research Literature

2021 ◽  
Vol 11 (6) ◽  
pp. 294
Author(s):  
Samantha LeBouef ◽  
Jodi Dworkin
Keyword(s):  
College Students ◽  
Family Support ◽  
Empirical Research ◽  
First Generation ◽  
Empirical Studies ◽  
First Generation College Students ◽  
Research Literature ◽  
Empirical Literature ◽  
First Generation College ◽  
Research Narrative

The majority of empirical literature on first generation college students (FGCSs) in the U.S. asserts that because their parents did not attend college, FGCSs are lacking important resources to be successful in college. However, this results in a deficit-based approach to the study of FGCSs that tends to highlight the differences between first-generation and continuing-education students. However, FGCSs possess a wealth of resources from parents and families that make them successful, and that are often ignored in research. Asset-based approaches to the study of FGCSs are becoming more frequent in the form of books, book chapters, and white papers; however, published empirical research has yet to adopt this approach. As a result, a deeper understanding of FGCSs’ experiences is essential to advancing diversity and equity in higher education. To begin to address this gap, a systematic literature review of empirical studies following the PRISMA framework was conducted on first generation college students and family support; the literature was critically reviewed and future directions for the field were identified. Applying a critical, cultural, and familial lens to the study of first-generation college students will contribute to reframing the research narrative towards an asset-based narrative.

scholarly journals Influence of Fiscal Policies and Labor Market Characteristics on Sustainable Social Insurance Budgets—Empirical Evidence from Central and Eastern European Countries

2021 ◽  
Vol 13 (11) ◽  
pp. 6197
Author(s):  
Adriana Florina Popa ◽  
Stefania Amalia Jimon ◽  
Delia David ◽  
Daniela Nicoleta Sahlian
Keyword(s):  
Labor Market ◽  
Social Insurance ◽  
Social Protection ◽  
Least Squares Method ◽  
Panel Study ◽  
Ordinary Least Squares ◽  
Political Agenda ◽  
Fiscal Policies ◽  
Protection Systems ◽  
Social Protection Systems

Social protection systems are a key factor for ensuring the long-term sustainability and stability of economies in the European Union, their reform being nowadays present in the political agenda of member states. Aging and the dependence on mandatory levies applied to the employed population on the labor market represent a threat for the sustainability of public social protection systems. In terms of sustainability, our purpose was to highlight the factors influencing social insurance budgets, considering the fiscal policies implemented in six countries of Central and Eastern Europe and their particular labor market characteristics. Therefore, a panel study based on a regression model using the Ordinary Least Squares method (OLS) with cross section random effects was used to determine the correlations between funding sources and labor market specific indicators. The data analyzed led to relevant results that emphasize the dependence of social insurance budgets on positive factors such as the average level of salaries, the share of compulsory social contributions, the unemployment rate, and the human development index, suggesting the continuing need for professional and personal development of the workforce.

Exploring the nonlinear effect of size on profitability: evidence from an insurance brokerage industry in an emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Richard Angelous Kotey ◽  
Richard Akomatey ◽  
Baah Aye Kusi
Keyword(s):  
Nonlinear Effect ◽  
Emerging Market ◽  
Empirical Studies ◽  
Random Effect ◽  
Generalized Method Of Moments ◽  
Ordinary Least Squares ◽  
Growth Strategies ◽  
Content Type ◽  
And Performance ◽  
Brokerage Firms

PurposeThis study examines the possible nonlinear effect of size on stakeholder and shareholder profitability in the Ghanaian insurance brokerage industry.Design/methodology/approachThis study employs a panel dataset of 64 Ghanaian insurance brokerage firms spanning 2011–2015. Static [ordinary least squares (OLS), fixed effect and random effect and dynamic (two-step generalized method of moments (GMM))] estimation techniques are employed to analyze the data.FindingsThe study finds the existence of both economies and diseconomies of scale and scope theories in the Ghanaian insurance brokerage industry confirming the existence of nonlinear nexus between size and performance. This finding is consistent for both stakeholder and shareholder profit performance. Thus, the results show that size improves profitability of insurance brokerage firms, but beyond a certain threshold, the relationship turns negative as size negatively affects profitability.Practical implicationsThe research findings have implications for both policy and research; the study recommends that Ghanaian brokerage managers should understand that not all growth is good and exercise a duty of care when applying growth strategies by monitoring size effect on performance so as not to go beyond the inflection point. Further research can be done to examine this effect in other contexts, timeframes and jurisdictions.Originality/valueThis research is unique in that it employs a panel dataset consisting of 96% of insurance brokerage firms in Ghana whilst employing both static and nonstatic regression models to examine the effect of size. The research analysis adopted is robust, and the findings are significant. Also, the lack of empirical studies on the operations and dealings of auxiliary institutions such as the insurance brokerage firms adds value to this research.

Impact of Macroeconomic Variables on Exchange Rate Uncertain

2021 ◽  
Vol 17 (3) ◽  
pp. 47-55
Author(s):  
Jane Kaboro ◽  
Naftaly Mose
Keyword(s):  
Exchange Rate ◽  
Monetary Union ◽  
Empirical Studies ◽  
Ordinary Least Squares ◽  
Exchange Rate Uncertainty ◽  
Member States ◽  
East African Community ◽  
Macroeconomic Variables ◽  
Explanatory Variables ◽  
Negative Effect

Abstract Macroeconomic convergence is critical for member states to achieve the level of harmonization required for establishing a stable and resilient monetary union. The East African Community (EAC) member states, therefore, established set targets for macroeconomic convergence, intending to eliminate exchange rate uncertainty within the bloc and reduce the costs of the monetary union. However, recent empirical studies indicate that the rate of convergence of the member states to the set macroeconomic targets has been very slow, resulting in high exchange rate uncertainty within the region. It is against this backdrop that this research was conceptualized to examine the influence of convergence in macroeconomic variables on the exchange rate uncertainty of EAC states using secondary panel data. The study made use of standard deviation and the Levin Lin Chu (LLC) test to determine convergence and unit root respectively. The panel ordinary least squares (OLS) regression findings showed that all the explanatory variables had a negatively significant effect on exchange rate uncertainty. This implies that convergence in macroeconomic variables among the member countries slows exchange rate uncertainty. Thus, policy should be made towards controlling this negative effect resulting from macroeconomic variables as East Africa bids for monetary union.

How would you like your Turkish coffee? Tourist experiences of Turkish coffee houses in Istanbul

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Serkan Yiğit ◽  
Nilüfer Şahin Perçin
Keyword(s):  
Design Methodology ◽  
Qualitative Case Study ◽  
Learning Experience ◽  
Empirical Studies ◽  
Value Added ◽  
Case Study Method ◽  
Culture Learning ◽  
Content Type ◽  
Place Satisfaction

Purpose The purpose of this study is to examine and understand the experiences of tourists in the Turkish coffee houses in Istanbul, Turkey. Design/methodology/approach In this study, a qualitative case study method was used to analyze tourists’ comments with user-generated content technique by analyzing tourists’ comments. The data used in the study was collected through TripAdvisor, which is considered one of the most famous websites with tourist reviews and comments, between 20 May and 10 June 2020 from tourists’ reviews (n:219). Findings The findings show that Turkish coffee house experiences are heterogeneous based on the dimensions of coffee characteristics, place, satisfaction, recommendation and revisit intention, value/price and value-added experience. Moreover, value-added experience includes some sub-themes such as a memorable experience, authentic experience and culture learning experience. Originality/value There are some studies on Turkish coffee and Turkish coffee culture in the literature, but there have been no empirical studies investigating the Turkish coffee house experiences of tourists. For this reason, this study aims to examine and understand the experiences of tourists in Turkish coffee houses. Therefore, it is believed that this study will fill the current gap in the literature on tourists’ experiences of Turkish coffee houses.

The Big-Fish-Little-Pond Effect

2005 ◽  
Vol 19 (3) ◽  
pp. 137-140 ◽  
Author(s):  
Ulrich Trautwein ◽  
Oliver Lüdtke
Keyword(s):  
Empirical Research ◽  
Educational Outcomes ◽  
Reference Group ◽  
Empirical Studies ◽  
Large Body ◽  
Self Concept ◽  
Achievement Level ◽  
Educational Implications ◽  
Reference Group Effects ◽  
Group Effects

Summary: Reference group effects on self-concept have been examined in a multitude of empirical studies in various educational settings. Effects of this kind have been most rigorously demonstrated by Herbert W. Marsh, who introduced the term big-fish-little-pond effect (BFLPE) to describe the finding that students' self-concept is negatively affected by the achievement level of other students in the same class or school. The phenomenon of the BFLPE is supported by a large body of empirical research. In this contribution, we first discuss mechanisms underlying the BFLPE. Second, we address reference group effects on educational outcomes other than self-concept. Finally, we briefly discuss educational implications of the BFLPE.

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