scholarly journals THE EFFECTS OF ACCOUNTABILITY, GOVERNANCE CAPITAL, AND LEGAL ORIGIN ON REPORTED FRAUDS

2019 ◽  
Vol 25 (6) ◽  
pp. 1213-1231 ◽  
Author(s):  
Domicián Máté ◽  
Rabeea Sadaf ◽  
Judit Oláh ◽  
József Popp ◽  
Edit Szűcs
Keyword(s):  
Economic Growth ◽  
Business Environment ◽  
Policy Implications ◽  
Reporting Standards ◽  
Legal Origin ◽  
Institutional Perspective ◽  
Diverse Economies ◽  
Financial Crimes ◽  
Director Liability

An institutional perspective is employed to illuminate the complexity of frauds in various diverse economies, in order to enhance the efficacy of previous accounting concepts. In this study, the effects of the legal, regulatory and human framework of the strength of auditing and reporting standards, and the governance capital related to global sustainable competitiveness and economic growth, etc. are analysed by linear regression (OLS) methods. Moreover, the role of other indicators i.e. financial freedom, the extent of director liability and legal origin, are interrelated with the number of fraud cases. From the results, it appears that an increased level of governance capital, financial freedom from government pressure, strengthened transparency and more protected minority investors through liable directors might increase the number of reported fraud cases in the countries and years examined. The existence of legal origin also seemed to be an appropriate proxy for an improved understanding of fraud characteristics. This evidence suggests it is worth investigating in depth the nature of financial crimes across countries for a better understanding of this phenomenon. In this way, these findings might have sufficient potential in the case of adequate policy implications within a less litigious business environment to resolve the undesirable consequences of impending financial downturns, and to achieve sustainable competitiveness and economic development.

Conclusion and Recommendations

2014 ◽  
pp. 226-238
Keyword(s):  
Economic Growth ◽  
Growth Process ◽  
Financial Sector ◽  
Policy Implications ◽  
Future Research ◽  
Financial Sector Development ◽  
Research Findings ◽  
Potential Channels

This book started with a brief review of different outlooks on the role of financial sector development in the process of economic growth. Then it highlighted the fact that recent studies, particularly those originating from modern growth theory, suggest that financial intermediation affects growth through various channels. To test this proposition, an empirical model was built, data were obtained, empirical tests were carried out, and results were discussed. The final chapter in this book, therefore, summarises key research findings and discusses the potential channels through which financial sector development affects the economic growth process. The chapter further highlights contributions of this research to growth studies, discusses policy implications arising from the findings of this research, and provides directions for future research and analysis.

Corruption, Business Climate, and Economic Growth

2015 ◽  
pp. 1156-1179
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Business Environment ◽  
Domestic Investment ◽  
Business Climate ◽  
Transparency International ◽  
Leadership Management ◽  
Economic Freedom Index ◽  
The Relationship

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

B2B E-Commerce Diffusion

2011 ◽  
pp. 56-76 ◽  
Author(s):  
Kim Virborg Andersen ◽  
Helle Zinner Henriksen
Keyword(s):  
Business Environment ◽  
Policy Implications ◽  
Institutional Discourse ◽  
Business Associations ◽  
Direct Involvement ◽  
Future Technologies ◽  
Policy Forum

The chapter explores the role of institutional discourse on B2B e-commerce diffusion. Using the case of EDI in the Danish business environment, the analysis demonstrates a lack of active industry involvement and severe implications of the absence of large users in the policy forum for the national EDI-strategy. Government branches and business associations formulated by and large the visions and strategies without direct involvement of the successful EDI-players or companies that were the intended adopters. As a possible consequence, the EDI diffusion has evolved by the same companies exchanging still more messages and type of documents whereas the number of new companies adopting EDI has been fairly limited. The policy implications of the Danish EDI-case could be to have a more focused involvement of intended adopters of similar and future technologies that has high policy saliency.

B2B E-Commerce Diffusion

2008 ◽  
pp. 2072-2114
Author(s):  
Kim Virborg Henriksen ◽  
Helle Zinner Andersen
Keyword(s):  
Business Environment ◽  
Policy Implications ◽  
Institutional Discourse ◽  
Business Associations ◽  
Direct Involvement ◽  
Future Technologies ◽  
Policy Forum

The chapter explores the role of institutional discourse on B2B e-commerce diffusion. Using the case of EDI in the Danish business environment, the analysis demonstrates a lack of active industry involvement and severe implications of the absence of large users in the policy forum for the national EDI-strategy. Government branches and business associations formulated by and large the visions and strategies without direct involvement of the successful EDI-players or companies that were the intended adopters. As a possible consequence, the EDI diffusion has evolved by the same companies exchanging still more messages and type of documents whereas the number of new companies adopting EDI has been fairly limited. The policy implications of the Danish EDI-case could be to have a more focused involvement of intended adopters of similar and future technologies that has high policy saliency.

scholarly journals Fostering Economic Growth in Frontier Markets: Perceptions in The Tunisian Post-Arab Spring

2020 ◽  
Vol 13 (2) ◽  
pp. 32-40
Author(s):  
Victoria L. Crittenden ◽  
Miranda Beggin ◽  
William F. Crittenden ◽  
Kaylea Dohm
Keyword(s):  
Economic Growth ◽  
Arab Spring ◽  
Business Environment ◽  
Policy Implications ◽  
Social Reforms ◽  
Managerial Practices ◽  
Business Press ◽  
Entrepreneurial Behaviour ◽  
Medium Enterprise ◽  
The One

   The need for economic reform is at the heart of the criticism for many frontier economies. Fostering entrepreneurship and identifying business opportunities generate paths for job creation and economic growth. Given the underlying tensions that led to the Arab Spring, our study focuses on the one country that is considered to be a post-Arab Spring success story and explores the Small-Medium Enterprise (SME) business environment in Tunisia. Perceived changes in the SME environment in Tunisia were examined qualitatively via in-depth personal interviews with 21 Tunisian economic experts. Analysis of the interview data followed the thematic analysis approach. Our findings indicate that social reforms and the development of financing alternatives should be paramount for the growth of SMEs and the economic success of frontier markets. Additionally, educational reform and communication to foster entrepreneurial behaviour and effective managerial practices are required to ensure that current and future generations are prepared to engage successfully in the formal economy. Although our research focused on a single frontier market economy, we believe these findings are generalizable to many emerging economies. The findings should hold considerable policy implications due to the nature of the reforms suggested. There are popular and business press articles about the post-Arab Spring and stories about Tunisia’s Jasmine Revolution; however, increased scholarly focus on entrepreneurial efforts post-Arab Spring in Tunisia will further solidify the intersection of economic gain and human development. 

scholarly journals Assessment of Impact of Recreational Resorts on Socio-Economic Growth of Calabar, Cross River State - Nigeria

2018 ◽  
Vol 1 ◽  
pp. 11-24 ◽  
Author(s):  
Titus E. Amalu ◽  
Peter A. Ojugbo ◽  
Otop O. Oqua
Keyword(s):  
Economic Growth ◽  
Primary Source ◽  
Business Environment ◽  
Tourism Industry ◽  
Cross River ◽  
Cross River State ◽  
Secondary Sources ◽  
Employment Generation ◽  
Private Investors

This study examined the influence of the tourism industry on socio-economic growth of Calabar, Cross River State with special interest on the role of the resorts operating within the study area. Primary and secondary sources of data were employed for the study. The primary source involved the use of questionnaires, interview with participatory research appraisal methods while the secondary sources involved the use of journals, textbooks and records from the management of the various resorts within the area. The study observed that the highest medium of awareness of the existence of the resorts was through family and friends leading to 36% of the entire visitors to the resorts. It was also observed that 89% of the employed workers in the resorts were residents of the study area. The study analysis revealed that the number of employed workers in the resorts varied significantly across the various resorts with F=5.243; P<0.05 and also a significant variation across the class of employment with F=8.383; P<0.05. The study also observed that the resorts provided opportunities for employment, generation of more income and infrastructural enhancement within the area. Based on these findings, it was therefore recommended that government of Cross River State should direct interest in investing in the tourism industry through collaboration with private investors and providing an enabling business environment by the reduction of tax, provision of loan facilities and provision of infrastructures in the study area.

Corruption, Business Climate, and Economic Growth

2019 ◽  
pp. 663-686
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Business Environment ◽  
Domestic Investment ◽  
Business Climate ◽  
Transparency International ◽  
Leadership Management ◽  
Economic Freedom Index ◽  
The Relationship

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

The Need for News Forms of Financial Intermediation

2017 ◽  
pp. 143-161
Author(s):  
Tristan Auvray ◽  
Thomas Dallery ◽  
Sandra Rigot
Keyword(s):  
Economic Growth ◽  
Institutional Investors ◽  
Financial Intermediation ◽  
Financial System ◽  
Financial Sector ◽  
Policy Implications ◽  
Financial Intermediaries

This chapter deals with intermediaries in the financial sector such as banks and institutional investors. These actors are expected to play a central role in economic growth via the funding of investment because they are supposed to match creditors' desires (households) with borrowers' needs (firms) at a macroeconomic level. It aims to reassess the theoretical role of financial intermediation related to the allocation of savings in a context of a structural decline in overall investment for thirty years. To achieve this goal, it studies the evolution of financial intermediaries' behaviour in their capacity to finance investment and identifies the weaknesses of our current financial system which does not allocate optimally savings to firms' productive projects. Then it suggests some policy implications defining new forms of financial intermediation in which public financial intermediaries would have to play a greater role.

The Need for News Forms of Financial Intermediation

2020 ◽  
pp. 1978-1996
Author(s):  
Tristan Auvray ◽  
Thomas Dallery ◽  
Sandra Rigot
Keyword(s):  
Economic Growth ◽  
Institutional Investors ◽  
Financial Intermediation ◽  
Financial System ◽  
Financial Sector ◽  
Policy Implications ◽  
Financial Intermediaries

This chapter deals with intermediaries in the financial sector such as banks and institutional investors. These actors are expected to play a central role in economic growth via the funding of investment because they are supposed to match creditors' desires (households) with borrowers' needs (firms) at a macroeconomic level. It aims to reassess the theoretical role of financial intermediation related to the allocation of savings in a context of a structural decline in overall investment for thirty years. To achieve this goal, it studies the evolution of financial intermediaries' behaviour in their capacity to finance investment and identifies the weaknesses of our current financial system which does not allocate optimally savings to firms' productive projects. Then it suggests some policy implications defining new forms of financial intermediation in which public financial intermediaries would have to play a greater role.

Decentralization and economic growth reconsidered: The role of regional authority

2016 ◽  
Vol 34 (8) ◽  
pp. 1793-1824 ◽  
Author(s):  
Andrea Filippetti ◽  
Agnese Sacchi
Keyword(s):  
Economic Growth ◽  
Fiscal Decentralization ◽  
Policy Implications ◽  
Property Taxes ◽  
Institutional Settings ◽  
Regional Authority ◽  
Institutional Void ◽  
National Governments ◽  
The Relationship

Most of the empirical analysis explores the relationship between fiscal decentralization and economic growth within an institutional void. This paper investigates the connection between fiscal decentralization and economic growth in different institutional settings in 21 OECD countries over the period 1970–2010. We find that the pro-growth effects of fiscal decentralization depend critically on the authority of sub-national governments: tax decentralization leads to higher (lower) rates of economic growth when coupled with high (low) administrative and political decentralization. Tax decentralization is more conducive for growth if sub-national taxes accrue mostly from autonomous revenues such as property taxes. Overall, this provides evidence of institutional complementarities at work among decentralization dimensions leading to relevant insights for policy implications.

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