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We utilize a unique comprehensive dataset, drawn from the 1999 baseline survey of some 2000 micro and small-scale enterprises (MSEs) in Kenya. We analyze the financing behavior of these enterprises within the framework of a heterodox model of debt-equity and gearing decisions. We also study determinants of the success rate of loan applications. Our results emphasize three major findings. First, MSEs in Kenya obtain debt from a wide variety of sources. Second, debt-equity and gearing decisions by MSEs and their success rates in loan applications can all be understood by relatively simple models which include a mixture of conventional and heterodox variables. Third, and in particular, measures of the tangibility of the owner's assets, and the owner's education and training have a significant positive impact on the probability of borrowing and of the gearing level. These findings have important policy implications for policy makers and entrepreneurs of MSEs in Kenya.

The purpose of this chapter is to investigate the relationship between corporate governance and greenhouse gas (GHG) disclosures using evidence from the United States.

The study is based on a sample of 168 firms listed on the New York Stock Exchange (NYSE) in the United States. Panel data are used covering a period from 2017 to 2020 involving 672 observations.

The results indicate that board size has a positive and significant effect on GHG disclosures while the effect of ownership concentration and insider ownership is negative and significant. The proportion of non-executive directors is not significant. In terms of control variables, firm size and financial slack have a positive effect on GHG disclosures.

The study results add evidence to the already existing literature on the relationship between corporate governance and GHG disclosures using evidence from the United States.

This study sheds light on the uncharted phenomenon of regional management in coordinating services across borders. Based on a multiple case study of four German industrial manufacturing firms with servitization strategies we seek to better understand what kind of organizational challenges servitization poses for the MNC and whether these challenges can be met through regional management models. This chapter initiates a conversation on the available design options for running service operations regionally.

Songkhla Lake is the largest lake in Thailand along the Bay of Thailand, situated at latitude 7°08′ and 7°50′ north and longitude 100°07′ and 100°37′ east (Fig. 4.1). The lake covers an area of approximately 1,042km², and consists of four interconnected lake ecosystems (Ratanachai & Sutiwipakorn, 2005): Thale Noi (approximately 27km²), Thale Luang (approximately 473km²), Thale Sap (approximately 360km²), and Thale Sap Songkhla (approximately 182km²).

This study aims at presenting the results of the research on the formative and permanent education in adolescence for health professionals of the Municipality of São Paulo. The analysis focuses on the so-called permanent education geared toward health professionals, and seeks to learn about the relation between biomedicine’s construction “of” adolescence and the problems related to teenagers’ health, deemed fundamental for the training of health professionals, from the study of themes related to teenagers’ health as they feature in the Permanent Education Municipal Plans (Planos Municipais de Educação Permanente – PLAMEP, covering the whole of the municipality). Thus the aim is to problematize the social construction, by biomedicine, of adolescence and of the adolescent body, grounded on the understanding of the issues raised in the PLAMEPs and defined as proper “to” adolescence and important for the permanent formation of health professionals. With a methodological approach of both quantitative and qualitative characters, the study holds as empirical reference the Municipal Health Schools of the Municipality of São Paulo and the six Regional Coordination Offices. The study relies, as research techniques, on documental survey (the PLAMEPs); on semi-structured interviews with managers, health representatives, and professionals to whom the activities of permanent education are aimed at; and on notes from the field book. The results now presented refer to the phase of PLAMEPs’ collection and analysis.

Conceptual Paper

Purpose of paper – The study investigates the association between corporate governance mechanisms (proportion of finance experts on the audit committee, PFAC; frequency of board meetings, FBMG and proportion of non-executive directors, PNED), dual language reporting (DULR) (in English and Swahili) and timeliness of annual reports (TIME) of companies listed on the Nairobi Stock Exchange (NSE) in Kenya.

Design/methodology/approach – The data for the analysis is gathered from annual reports of 36 companies listed on the NSE for two financial years ending in 2005 and 2006. Ordinary least square (OLS) is used to determine the association between the corporate governance mechanisms, DULR and TIME. Company size (SIZE), gearing (GEAR), profitability (PROF) and industry (INDS) are used as control variables.

Findings – The findings suggest that there is a significant negative relationship between corporate governance mechanisms (PFAC and FBMG), DURL and TIME. Consistent with extant research, the study also found that SIZE and INDS are significantly associated with TIME. No significant association is found between PNED, GEAR, PROF and TIME.

Research limitations/implications – The findings of the research will help Kenyan policy makers and practitioners in formulating corporate governance policies. However our research is limited, among others, because it focuses on only companies listed on the NSE. The results may therefore not be representative of all companies operating in Kenya.

Originality/Value of paper – The value of the paper lies in that the results provide, for the first time, evidence of the relationship between corporate governance mechanisms (PFAC, FBMG and PNED), DURL and timeliness of the annual reports.

The focus of this study is to analyze the impact of financing sources on productivity and technical efficiency of the tuna fishing business in Sendang Biru Coastal, Indonesia, in order to improve the entrepreneurship goals. This research used the quantitative explanatory method. The results showed that fishermen's difficulty accessing traditional financing sources (banks and cooperatives) became a constrain in optimizing production activities. The financing source used by Sendang Biru fishermen for their business activities mostly comes from “Pengambek.” The logit regression analysis shows that the number of fishing gear and the size of the boat owned by fishermen have a positive and statistically significant effect on the opportunities for fishers to obtain traditional financing. The ability of fishers to obtain business financing sources positively impacts the productivity and technical efficiency of the tuna fishing business. Our research implies developing a financing system in coastal environment business, especially in the tuna fishing industry.

This chapter assesses the economic impact of geared turbofan (GTF) engines on the London Heathrow Airport (LHR)–Frankfurt Airport (FRA) route using cost–benefit analysis (CBA). An aircraft appraisal model is created to answer the two key questions of whether the A320neos aircraft with GTF engines could replace the conventional A320 aircraft through an operating lease (acquisition) or whether it would be better for society if the LHR–FRA sector is operated with a leased 737-800 aircraft. The scope of the CBA analysis is from 2015 until 2027.

The outcomes of the aircraft appraisal model indicate that switching to A320neos on lease (Option 2) might be beneficial. The fuel consumption of the A320neo aircraft is lower than that of the current A320-200 aircraft (2,234 kg vs 2,988 kg per sector). As a result, this option could offer a large benefit (NPV of USD 31 million) through lower fuel consumption and thus lower fuel costs. At the same time, a fuel reduction means a lower emissions impact (about USD 2 million benefit). It can be concluded that keeping the current A320-200 (NPV of USD 8.9 million) is less profitable than replacing it with a leased A320neo (NPV of USD 31 million) for Airline A, but better than a B737-800 (NPV USD 4.3 million). The option to lease the A320neos appears to be preferred in most cases, considering the impact of noise and NO_x cost, due to the large benefit of NPV USD 25 million compared to the A320 and an approximately 29 million difference compared with the B737-800.

It has been suggested that “space and artifacts constitute systems of communication which organizations build up within themselves” (Gagliardi, 1992a, b, p. vi) and reflect the cultural life within that organization. This is a study of how the “landscape” of a public library (“Library X”), as an information retrieval system, relates to the values of the people who created it. The efforts here are geared towards understanding the physical instantiation of institutional culture and, more specifically, institutional values as they are reflected through the artifact.