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One in every five of the almost 17 million inhabitants in the Netherlands is a first- or second-generation migrant. The largest immigrant groups with a non-Western background are…
Abstract
One in every five of the almost 17 million inhabitants in the Netherlands is a first- or second-generation migrant. The largest immigrant groups with a non-Western background are Turks Moroccans, Surinamese and Antilleans. Their labour market position is precarious, as is indicated by higher levels of unemployment, larger dependency on temporary (rather than fixed) contracts and lower job levels. Substantial part of the migrants perceives that their weaker position is due to discrimination. Statistical analyses and field experiments show discrimination in hiring and indicate that part of the differential position of migrant workers in the Dutch labour market may be attributed to discrimination as well. At the work floor, migrants experience more discrimination than native Dutch, mostly in the form of hurtful jokes. Research that focuses on more discrimination grounds shows that ethnic background is not the only, nor the most important ground of perceived discrimination. Age and disability are also major grounds of perceived discrimination. Discrimination is a heavily debated topic that polarizes political debate and public opinion. It has shown to have mobilizing powers in politics. The high levels of public attention for the topic not only spurs citizens’ initiatives and governmental policies for combating it but may also facilitate recognition of discriminatory practices resulting in relatively high levels of perceived discrimination within a European context.
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Asks how innovative Dutch immigrant entrepreneurs are. Since the mid‐1980s the number of immigrant firms has more than tripled. This coincides with a huge increase in the number…
Abstract
Asks how innovative Dutch immigrant entrepreneurs are. Since the mid‐1980s the number of immigrant firms has more than tripled. This coincides with a huge increase in the number of start‐ups in the Dutch economy as a whole. However, international comparisons show that this increase has not resulted in an equal rise in the number of fast growing firms that add value and create employment – the so‐called gazelles – and are hence the preferred ideal of policy makers. This raises the question of how innovative the Dutch economy might be. To address this issue, constructs a framework of assessment, derived from the divergent capitalisms approach of Richard Whitley and associates, as this approach offers a useful conceptual instrument to do so. Concludes that, despite appearances, the Dutch institutional setting is not very conducive for value creating innovations, but instead seduces firms, especially small and medium enterprises, to follow reactive strategies. Offers some general remarks on how the conditions for innovation can be improved.
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Reports on a comparative study of the types and degrees ofhorizontal and vertical integration within the seed potato industries ofThe Netherlands and Northern Ireland. Using an…
Abstract
Reports on a comparative study of the types and degrees of horizontal and vertical integration within the seed potato industries of The Netherlands and Northern Ireland. Using an integration analysis grid, presents descriptive models of the integrative functions in both industries. Given the superior marketing performance of the Dutch industry, and the way in which this is facilitated by its highly integrated organizational structure, makes a case for the utilization of both horizontal and vertical integration in improving marketing performance in seed potato industries.
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The purpose of this paper is to provide commentary on the state of affairs regarding implementation of Dutch health insurance reform, focusing on whether such reform is conducive…
Abstract
Purpose
The purpose of this paper is to provide commentary on the state of affairs regarding implementation of Dutch health insurance reform, focusing on whether such reform is conducive to pharmaceutical innovation.
Design/methodology/approach
The general characteristics of the Dutch healthcare system is outlined, together with a brief synopsis of the 2006 health insurance reform initiative. This is followed by a description of the four market intervention mechanisms and their implications for pharmaceutical innovation. Finally, these implications and the potential for policy transfer to other European countries are discussed.
Findings
The new Dutch health insurance system represents a novel approach that closely follows Enthoven's managed competition model. Certain features of the new system are conducive to pharmaceutical innovation. These positive features include more flexibility on the part of private insurers to deviate from the national formulary, speedier reimbursement appraisals, and more earmarked funding for certain highly innovative pharmaceutical products. Other features, however, appear detrimental to drug innovation. These include direct price controls, reference pricing, and the still highly centralized nature of decision making with respect to drug reimbursement. On the whole, one could say that, despite many challenges, Dutch health insurance reform is a step in the right direction that may prove to be a boon to biopharmaceutical innovation if further steps are taken to remove obstacles.
Research limitations/implications
It is premature to draw firm conclusions on whether Dutch health insurance reform is conducive to pharmaceutical innovation. The new system is at an early stage in its evolution. Further, one should be cautious about the extent to which lessons can be drawn from the new Dutch system for other European countries, given the limited size of the Dutch biopharmaceutical industry relative to some of its European neighbors.
Originality/value
While much is known about how changes in the drug regulatory framework impact pharmaceutical innovation, very little is known about how changes in health care insurance impact pharmaceutical innovation. This paper aims to fill that void by examining the impact of the new Dutch health insurance system on drug innovation.
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Athanasios Koulakiotis, Dimitrios Angelidis, Konstantinos Tolikas and Phil Molyneux
This paper develops the approach suggested by Howe et al. to examine the impact of cross‐listings on stock price volatility in Europe.
Abstract
Purpose
This paper develops the approach suggested by Howe et al. to examine the impact of cross‐listings on stock price volatility in Europe.
Design/methodology/approach
A modified generalized autoregressive conditional hetero‐skedasticity (GARCH) modeling approach as suggested by Li and Engle is used taking into account different regulatory structures across the range of markets using LaPorta et al.'s stock market regulatory classification.
Findings
It is found that information spillover effects are important for the Dutch market for cross‐listed equities and that a different regulatory environment may have a noteworthy impact on symmetric information spillovers.
Research limitations/implications
The focus is 11 cross‐listing equities and on an event window of 12 years. This implies that the results may be biased on the data sample and the length of the period that used.
Practical implications
The findings are important for the shareholders of cross‐listed companies as the various impacts of regulatory differences between markets (as a result of low and high shareholder protection rules) from foreign markets to the Dutch home market are identified.
Originality/value
A primary focus of this paper is to provide a different methodology than the one adopted by Howe et al. using a modified GARCH modeling approach as suggested by Li and Engle, to examine the impact of the cross‐listings of Dutch firms on symmetric volatility spillovers. The analysis also takes into account the influence of different regulatory structures across the range of markets where Dutch firms are cross‐listed. In particular, we use LaPorta et al.'s stock market regulatory classification is used to analyze the magnitude and persistence of symmetric volatility spillovers from the foreign listing to the home equity of cross‐listed companies in the Dutch stock exchange.
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Martijn F.L. Rademakers and Phillip J. McKnight
The Dutch potato sector went through a process of considerable concentration during the past two decades. The number of firms decreased substantially while production levels…
Abstract
The Dutch potato sector went through a process of considerable concentration during the past two decades. The number of firms decreased substantially while production levels increased. The process of restructuring was triggered by a combination of shifting consumer demands, internationalisation of markets, and concentration among food retailers. Many potato firms were unable to adjust to these developments and found themselves either for sale or bankrupt. Others engaged in mergers or strategic alliances to meet the changing demands. The resulting concentration process led to higher levels of both vertical and horizontal interdependence between the remaining firms. The rules of competition have changed: opposed to competing individually, successful potato firms achieve substantial competitive advantages through co‐operative inter‐firm arrangements that gain access to high‐quality raw materials, production capacity, and large customers. Consequently, managing inter‐firm co‐operation has become a strategic issue for firms in the potato supply chain.
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Wim G. Biemans and Maja Makovec Brenčič
This paper explores the marketing‐sales interface in Dutch and Slovenian B2B firms.
Abstract
Purpose
This paper explores the marketing‐sales interface in Dutch and Slovenian B2B firms.
Design/methodology/approach
The study included 11 Dutch firms and ten Slovenian firms, with both samples as closely matched as possible. The firms were all manufacturers of physical products that operate internationally, but varied in terms of size and industry. Personal interviews with respondents from both marketing and sales were conducted, followed by interviews of a semi‐structured format.
Findings
In some firms it was difficult to identify the marketing‐sales interface. For instance, in small firms marketing and sales would frequently be combined in one individual.
Research limitations/implications
Since the paper is based on an exploratory investigation of 11 Dutch firms and ten Slovenian firms, the findings are only indicative. Follow‐up research might investigate a larger sample, different industries or different economic contexts. In addition, future research might study the relationship between marketing as an organisational capability and marketing as an organisational function or the development of scales to measure various aspects of the marketing‐sales interface.
Practical implications
The findings emphasize the role of developing an effective marketing‐sales interface in becoming a truly market‐oriented organisation. Thus, they can help managers to evaluate their own marketing‐sales interface and look for improvements as part of becoming more market oriented.
Originality/value
The findings describe how the marketing‐sales interface is organised and managed in B2B firms operating in different contexts. It positions the marketing‐sales interface as just part of a market‐oriented organisation. The findings help academics to understand the functioning of a marketing‐sales interface and assist managers in evaluating their own marketing‐sales interface and develop ways to improve it.
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Rens van Overbeek, Farley Ishaak, Ellen Geurts and Hilde Remøy
This study examines the relationship between environmental building certification Building Research Establishment Environmental Assessment Method (BREEAM-NL) and office rents in…
Abstract
Purpose
This study examines the relationship between environmental building certification Building Research Establishment Environmental Assessment Method (BREEAM-NL) and office rents in the Dutch office market.
Design/methodology/approach
A hedonic price model was used to assess the impact of BREEAM certification on office rents. The study is based on 4,355 rent transactions in the period 2015 to mid-2022, in which 331 transactions took place in certified office buildings and 4,024 transactions in non-certified office buildings.
Findings
The results provide empirical evidence on quantitative economic benefits of BREEAM-certified offices in the Netherlands. After controlling for all important office rent determinants, the results show a rental premium for certified office buildings of 10.3% on average. The green premiums highly differ across submarkets and vary between 5.1 and 12.6% in the five largest Dutch cities. Additionally, the results show significant positive correlation between BREEAM-NL label score and rents, whereby better performing buildings generally command higher rents.
Originality/value
The study contributes to the current literature on green building economics by providing, as one of the first, empirical evidence on the existence of financial benefits for BREEAM-certified office buildings in the Dutch office market.
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Genaro Cuomo and Claudio Vignali
Underlines that the development of a new European market for a UK company has to be strategically planned. Examines the introduction to the Dutch market of a particular northern…
Abstract
Underlines that the development of a new European market for a UK company has to be strategically planned. Examines the introduction to the Dutch market of a particular northern UK beer product, suggesting that the use of strategic tools and a traditional marketing plan is essential while the development of heuristic devices could point out the tactical path to follow.
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Abe de Jong, Marieke van der Poel and Michiel Wolfswinkel
This paper aims to present case study evidence on the changes in the relations between chief executive officers (CEOs) of large firms and shareholders in the past three decades of…
Abstract
Purpose
This paper aims to present case study evidence on the changes in the relations between chief executive officers (CEOs) of large firms and shareholders in the past three decades of the twentieth century. In line with insights from agency theory, the CEOs have experienced increased scrutiny from their principals, the shareholders. This development has affected financial communication and investor relations as well as stock market prices.
Design/methodology/approach
The Dutch electronics firm Royal Philips NV in the transition period of 1971-2001 has been studied using publicly available disclosures and stock market prices. A descriptive case study approach is combined with event study methodology.
Findings
It was observed that the increased emphasis on shareholder interests has affected the interactions between Philips’ respective CEOs and the shareholders’ reactions to strategic decisions as measured by stock price changes. Around the beginning of the twenty-first century, clarity and openness in CEO communication was the norm and deviations were punished with volatile stock prices.
Research limitations/implications
The study relies on publicly available data.
Originality/value
The case study of Philips can be extrapolated to other exchange-listed firms in the late twentieth century, which faced changed expectations about the role of the CEO, investor relations and the CEO’s accountability toward shareholders. This transition is relevant not only as a historical observation, but also as a background to studies in finance and management about top management and financial markets.
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