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Book part
Publication date: 3 August 2015

Stefanie Haeffele-Balch and Virgil Henry Storr

Austrian insights on the limits of central planning, the pervasiveness of knowledge problems, and the importance of the entrepreneur in coordinating social change have…

Abstract

Austrian insights on the limits of central planning, the pervasiveness of knowledge problems, and the importance of the entrepreneur in coordinating social change have yielded substantive contributions to the literature on how individuals and communities respond to both natural and unnatural, or manmade, disasters. Austrian economists have examined the political economy of natural disasters, disaster relief and recovery efforts, the economic effects of extended wars, post-conflict societal reconstitution, and the effectiveness of humanitarian aid. This literature advances two main findings: (1) that centralized governments are likely to be ineffective at providing the goods and services that are necessary for community recovery and (2) that decentralized efforts are better suited to address the needs of society, to discover the best course of action for producing and distributing these goods and services, and to adapt to changing needs, circumstances, and technology. This paper examines the Austrian theories utilized to examine disasters, provides a summary of the recent research on both natural and unnatural disasters, and proposes areas for future research.

Details

New Thinking in Austrian Political Economy
Type: Book
ISBN: 978-1-78560-137-8

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Book part
Publication date: 2 August 2021

Elena G. Popkova and Bruno S. Sergi

The purpose of this chapter is to determine the optimal path of development of social entrepreneurship in Russia and Central Asian countries by performing a scenario…

Abstract

The purpose of this chapter is to determine the optimal path of development of social entrepreneurship in Russia and Central Asian countries by performing a scenario analysis of the development of social entrepreneurship and analyzing the opinions of interested parties regarding the outcome of social entrepreneurship in Russia and Central Asian states. The authors’ recommendations for the practical implementation of the optimal path of social entrepreneurship development are described.

The scenario analysis of statistical data showed that the existing practice of standardization of social companies’ activities hinders their executing their functions on raising the quality of life. With the expansion of freedom of social entrepreneurship, the population’s quality of life grows; on the contrary, the increase of state regulation leads to its reduction. The findings show that social entrepreneurship in Russia and Central Asian countries is interested in private investments and social companies’ employees. That is why the representatives of these categories of concerned parties support de-regulation. Consumers of social goods and services are interested in obtaining them freely and thus prefer standardization.

This chapter presents a new direction of social entrepreneurship analysis – by determining the correlation between economic freedom and quality of life. This opens an opportunity for thorough social entrepreneurship research based on authentic and objective quantitative (statistical) data. The obtained conclusions and offered recommendations allow using the mechanism of public–private entrepreneurship for turning social entrepreneurship into something more valuable and useful – a tool for increasing the quality of the population’s life.

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Book part
Publication date: 30 December 2013

Mohammad Abu-Zaineh and Ramses H. Abul Naga

Recent decades have witnessed a rising interest in the measurement of inequality from a multidimensional perspective. This literature has however remained largely…

Abstract

Recent decades have witnessed a rising interest in the measurement of inequality from a multidimensional perspective. This literature has however remained largely theoretical. This chapter presents an empirical application of a recent methodology and in doing so offers practical insights on how multidimensional inequality can be measured over two attributes (wealth and health) in the developing country context. Following Abul Naga and Geoffard (2006), a methodological framework allowing the decomposition of multidimensional inequality into two univariate Atkinson–Kolm–Sen equality indices and a third term measuring the association between the attributes is implemented. The methodology is then illustrated using data from the World Health Surveys 2002–2003. Specifically, this study presents the first comparative analysis on multidimensional inequality for a set of Middle East and North African (MENA) countries. Results reveal that the multidimensional (in-)equality indices tend to mimic the (in-)equality ordering of the wealth distributions as the latter are always less equally distributed than health. An empirical conclusion that emerges is that reducing the correlation between the attributes may help to reduce overall welfare inequality, specifically when socioeconomic inequality in health is pro-poor. The finding that the correlation between attributes has a significant contribution in the quantification of inequality has important policy implications since it reveals that it is not only wealth and health inequalities per se that matter in the measurement of welfare inequality but also the associations between them.

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Book part
Publication date: 1 August 2019

Valentina N. Parakhina, Olga A. Boris, Galina S. Shelkoplyasova and Gelani I. Khanaliev

The purpose of the chapter is to develop and substantiate the necessity for delegating authorities in the process of decision making in modern business systems, as well as…

Abstract

The purpose of the chapter is to develop and substantiate the necessity for delegating authorities in the process of decision making in modern business systems, as well as conditions, principles, and criteria of successful delegation in view of the applied approach. The methodology of the chapter is based on the method of analysis of causal connections, which is used for determining the necessity and essence of delegation, evaluating and comparison of the possible concepts and means of its implementation in the process of decision making, and studying the managers' opinions for determining the problems of delegation. This allows determining the conditions and criteria of successful delegation and developing an optimal set of principles that allow for effective implementation of the process of delegating authorities. As a result, the authors determine conditions and limitations that determine the possibility of delegating authorities in the process of decision making and offer criteria of successfulness of the process: preliminary task setting, interest and readiness of employees, briefing, written form of delegating authorities for complex and responsible tasks, accessibility of any necessary information, support from manager, and controllability of the process and result. The concepts of delegation are studied, and priority of its new model is established. Based on this, 11 principles of successful delegation were formulated: determination of goal, certainty, parity of rights and responsibility, adequate support, motivation of effective solutions, participation, “finite character,” structural limitations, complex nature of tasks, succession, and vision of perspective.

Complexities of the process of delegation in the process of decision making in business systems are described – their knowledge helps developing own styles of delegation and improving it.

Details

Specifics of Decision Making in Modern Business Systems
Type: Book
ISBN: 978-1-78756-692-7

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Article
Publication date: 15 February 2021

Feng Deng

International research has found that Homeowners Association (HOA) is capitalized in housing price in the West. Is that result applicable in Chinese cities? In China there…

Abstract

Purpose

International research has found that Homeowners Association (HOA) is capitalized in housing price in the West. Is that result applicable in Chinese cities? In China there is also widespread applause for HOA. Will that leave trail in the housing market? This paper aims to answers these questions by presenting empirical evidence from 113 private gated communities in Chongqing, China.

Design/methodology/approach

The data set comes from three different sources including a telephone survey. The research methodology includes hedonic models with an endogenous dummy variable of the presence of HOA in a community.

Findings

HOA is not capitalized in housing price.

Research limitations/implications

The empirical finding helps to explain why about 80% of private communities in big Chinese cities have not formed an HOA.

Originality/value

This is the first empirical study on HOA capitalization in housing price in China.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

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Article
Publication date: 27 February 2020

Elena G. Popkova and Bruno S. Sergi

The purpose of this article is to determine the future proportion and variants of usage of human intellect and artificial intelligence (AI) in entrepreneurship of industry…

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Abstract

Purpose

The purpose of this article is to determine the future proportion and variants of usage of human intellect and artificial intelligence (AI) in entrepreneurship of industry 4.0 that fits social entrepreneurship the most. It could be convergence (simultaneous utilization during the same entrepreneurial processes with the emphasis on unique features by the terms of the competition) or divergence (usage during different business processes by the terms of labor division).

Design/methodology/approach

The authors determine the influence of usage of human capital and AI on the efficiency of social entrepreneurship. The authors identify the perspective directions of usage of AI in social entrepreneurship and evaluate the readiness and interest in the implementation of these directions of concerned parties. The authors also model the optimal proportions and the variant of usage of human intellect and AI in social entrepreneurship in the conditions of Industry 4.0 in the future (until 2030).

Findings

It is found that social entrepreneurship will use the opportunities of Industry 4.0 for optimization of its activities until 2030, but will refuse from full automatization, using human intellect and AI at the same time.

Originality/value

The most perspective directions of application of AI at social companies are a collection of social goods and services, marketing studies and promotion of social goods and services. Neither convergence nor divergence of human and artificial intellectual capital does not fully conform to the interests of concerned parties. The most preferable (optimal) variant of usage of human intellect and AI in social entrepreneurship in the Industry 4.0 is human intelligent decision support.

Details

Journal of Intellectual Capital, vol. 21 no. 4
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 6 February 2020

Elena G. Popkova and Bruno S. Sergi

This paper aims to determine the trends and prospects of the development of social entrepreneurship in Russia and Asian countries.

Abstract

Purpose

This paper aims to determine the trends and prospects of the development of social entrepreneurship in Russia and Asian countries.

Design/methodology/approach

The methodology includes trend, regression, and correlation analysis and scenario (imitation) modeling and elaborates on perspectives and recommendations for further development of social entrepreneurship in Russia and Asia.

Findings

Despite the active development of social entrepreneurship in Russia and Asian countries (its share in the structure of GDP of these countries constituted 2.6% on average in 2018), it accounts for a small contribution to domestic development of socio-economic systems. These countries of Asia in 2018 were peculiar for low level of social freedoms (70th position in the world), low level of healthcare (51st position), moderate level of ecological effectiveness (61.33 points out of 100), moderate level of education (0.767 points out of 1) and low level of development of infrastructure (39 points out of 100). In the provision of social freedoms and healthcare, social entrepreneurship is least developed and is peculiar for a tendency for a decrease. The difference between demand and offer of social entrepreneurship causes an imbalance of the market of social (non-profit, volunteer and charity) services in these countries. This imbalance is to be overcome with the recent tendency of digitization of social entrepreneurship in Russia and Asian countries.

Originality/value

Digitization occupies the last position among the factors of the development of social entrepreneurship. Tax stimulation of social entrepreneurship is preferable, so it is recommended to pay primary attention to it until 2022, for the provision of the balance of the market of social services.

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Article
Publication date: 14 May 2020

Galina N. Semenova, Elena I. Larionova, Oleg G. Karpovich, Sergei V. Shkodinsky and Fatima M. Ouroumova

The purpose of the work consists in studying social integration as a factor of economic growth. The authors focus on experience and perspectives of developing countries…

Abstract

Purpose

The purpose of the work consists in studying social integration as a factor of economic growth. The authors focus on experience and perspectives of developing countries, as they show the highest rate of economic growth and have high potential of its acceleration.

Design/methodology/approach

The authors determine the interconnection between the processes of social integration in the four distinguished manifestations with the help of regression analysis and determine the level of homogeneity of data selections for each studied indicator with the help of variation analysis. Scenario analysis of future perspectives of the change of economic growth depending on the influence of the factor of social integration in the unity of its distinguished types is performed. Monte Carlo method is used for forecasting of change of the values of indicators of social integration.

Findings

It is substantiated that social integration is an important factor of economic growth. At the same time, the influence of this factor on economic growth of developing countries is ambiguous. Due to the offered proprietary classification of social integration according to the criterion of involved subjects, it is possible to establish that such types of social integration as integration of social groups, integration of business and society and integration of state and society have a positive influence. However, individual's integration into society has a negative influence.

Originality/value

The research contributes to development of economics by substantiating the significance of the social integration factor for economic growth and specifies the logic of management of this factor, which should be flexible. The perspectives of developing countries in acceleration of the rate of economic growth based on managing the factor of social integration are rather wide and envisage the increase of society's inclusion and the level of consumer consciousness and more active involvement of population into state management in the digital economy.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

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Article
Publication date: 13 April 2020

Aleksei V. Bogoviz

The purpose of the research is to determine the perspective directions of state regulation of competition between human and artificial intellectual capital in Industry 4.0…

Abstract

Purpose

The purpose of the research is to determine the perspective directions of state regulation of competition between human and artificial intellectual capital in Industry 4.0 and to develop scientific and methodological recommendations for their implementation. For this, the directions of state regulation of competition between human and artificial intellectual capital are described, monitoring of competition between human and artificial intellectual capital by the example of modern Russia (2019) is performed and scientific and practical recommendations for state regulation of competition between human and artificial intellectual capital are developed, with their approbation by the example of modern Russia (2019).

Design/methodology/approach

A method of expert evaluation is used for collection of the information and empirical data. The method of comparative analysis is used for comparing the successfulness of implementing the distinguished directions of state regulation of competition between human and artificial intellectual capital (4.1) according to the official statistics to their current evaluation according to the interested parties. Also, future evaluation (forecasts) according to the interested parties (until 2045) is determined.

Findings

It is substantiated that during evaluation of state regulation of competition between human and artificial intellectual capital in Industry 4.0, one cannot use only the official statistics, as these data are fragmentary and indirect. Fuller and more precise data are provided by assessment according to the interested parties. They allow determining the current and the future state of affairs and, based on it, compiling a forecast and developing a long-term strategy of state regulation of competition between human and artificial intellectual capital in Industry 4.0.

Originality/value

The perspective directions of state regulation of competition between human and artificial intellectual capital in Industry 4.0 are as follows: stimulation of competition in the market of intellectual capital, social risk management of the market of intellectual capital, managing international competition in the market of intellectual capital and ecological risk management of the intellectual capital market. As the experience of modern Russia shows, even at the initial stage of transition to Industry 4.0, the measures of state regulation of competition between human and artificial intellectual capital are not enough, but their deficit is moderate. In the course of development of Industry 4.0, the necessity for the measures of regulation will grow, and their deficit will increase. That's why there's a need for strategic approach to their implementation, which envisages their systemic reconsideration and supplementing. An author's algorithm is offered for this.

Details

Journal of Intellectual Capital, vol. 21 no. 4
Type: Research Article
ISSN: 1469-1930

Keywords

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Article
Publication date: 18 May 2020

Taisiia I. Krishtaleva, Elena A. Gureeva, Liliya A. Kripakova, Inna N. Rykova and Yuriy A. Krupnov

The purpose of the paper is to develop a risk-oriented approach to managing the social market economy.

Abstract

Purpose

The purpose of the paper is to develop a risk-oriented approach to managing the social market economy.

Design/methodology/approach

The first task is to determine the differences in susceptibility to the risk of the social market economy as compared to “pure” market economy. The authors use comparative analysis, variation analysis and correlation analysis for determining the dependence between quality of life in 2020 and variation of quality of life in 2012–2020, as well as variation of gross domestic product per capita in 2012–2020. The second task is to determine the perspectives of risk management of the social market economy in view of the specifics of the risk component of its functioning and development. Regression analysis is used for determining the dependence of quality of life in top ten countries with the social market economy in 2020 in the key risk factors that are peculiar for market economy and that lead to its destabilization: globalization, innovations and digitization.

Findings

It is substantiated that the unique economic and social environment predetermines the specific influence of the factors that are peculiar for the modern market economy. It is proved – by the example of top ten social market economies in 2020 – that social factors are more important for provision of stability of the social market economy than economic factors.

Originality/value

A risk-oriented approach to managing the social market economy is developed; it takes into account the specifics of the risk component of its functioning and development. The offered approach showed that the social market economy requires indirect regulation of risks through correction of institutions.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

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