Convergence of monetary transmission in EMU: new evidence
In: Working paper series Center for Economic Studies ; Ifo Institute ; 465
7 Ergebnisse
Sortierung:
In: Working paper series Center for Economic Studies ; Ifo Institute ; 465
In: Journal of institutional and theoretical economics: JITE, Band 164, Heft 3, S. 429
ISSN: 1614-0559
In: Journal of economics, Band 83, Heft 1, S. 71-83
ISSN: 1617-7134
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 56, Heft 3, S. 267-295
ISSN: 1467-9485
AbstractWe apply the theory of corporate social responsibility to analyse social welfare investment undertaken by Chinese State Owned Enterprises (SOEs). We present a simple theoretical model to illustrate how the presence of social objectives in the firm's objective function changes its investment behaviour. Our theoretical model accommodates special features of Chinese SOEs, whose social welfare investment is driven by both social objectives and profit concerns. The model is then tested using a panel of Chinese enterprises during the period 1995–1999. The empirical analysis indicates that despite of the corporatization reform social welfare investment undertaken by Chinese SOEs is still inefficient due to the lack of profit concerns, suggesting that social objectives still dominate profit concerns in motivating the SOEs' social welfare investment. However, we do obtain clear‐cut evidence showing that social objectives become less important as time progresses.
In: Haan , M , Riyanto , Y & Toolsema , L A 2001 ' The commitment effect of choosing the same bank ' University of Groningen, SOM research school , Groningen .
This paper is concerned with investigating the role of accounting practices in radical change processes. The institutional framework has been taken as a starting point in investigating these processes. The research has been carried out at the Dutch Railways. This company was forced by the Dutch government to change from a public company into a private company. This decision by the Dutch Government has had radical consequences for Dutch Railways' position in the (rail) transport market and for the way of managing the company. The research focuses on the processes in which the company has changed its template as a public company into a profit-oriented template. This paper examines the interaction of accounting practices with the environmental and organisational context. Emphasis is placed on how these mutual processes of interaction change internal and external positioning, create new visibilities, transform perspectives on organisational activities and performance and modify conditions for organisational change. Existing institutional concepts regarding change processes are evaluated in the light of the case findings and building blocks are developed for a comprehensive change framework.
BASE
In: Scottish Journal of Political Economy, Band 56, Heft 3, S. 267-295
SSRN
SSRN