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Article
Publication date: 14 March 2016

Russell Ashmore and Neil Carver

– The purpose of this paper is to review policy or guidance on the implementation of Section 5(4) written by NHS mental health trusts in England and health boards in Wales.

Abstract

Purpose

The purpose of this paper is to review policy or guidance on the implementation of Section 5(4) written by NHS mental health trusts in England and health boards in Wales.

Design/methodology/approach

A Freedom of Information request was submitted to all trusts in England (n=57) and health boards in Wales (n=7) asking them to provide a copy of any policy or guidance on the implementation of Section 5(4). Documents were analysed using content analysis. Specific attention was given to any deviations from the national Mental Health Act Codes of Practice.

Findings

In total, 41 (67.2 per cent) organisations had a policy on the implementation of Section 5(4). There was a high level of consistency between local guidance and the Mental Health Act Codes of Practice. There were however; different interpretations of the guidance and errors that could lead to misuse of the section. Some policies contained useful guidance that could be adopted by future versions of the national Codes of Practice.

Research limitations/implications

The research has demonstrated the value of examining the relationship between national and local guidance. Further research should be undertaken on the frequency and reasons for any reuse of the section.

Practical implications

Greater attention should be given to considering the necessity of local policy, given the existence of national Codes of Practice.

Originality/value

This is the only research examining the policy framework for the implementation of Section 5(4).

Details

Mental Health Review Journal, vol. 21 no. 1
Type: Research Article
ISSN: 1361-9322

Keywords

Book part
Publication date: 8 June 2021

Abhijit Bhattacharya

In the postglobalized world, information and communication technology (ICT) has been considered a key driver of human development. The world is reshaping from…

Abstract

In the postglobalized world, information and communication technology (ICT) has been considered a key driver of human development. The world is reshaping from resource-based economy to knowledge-based economy after rapid growth of ICT. ICT can be considered as an umbrella that incorporates any communication device such as radio, television, cell phones, computer and network hardware, satellite systems etc., and also various services and appliance with them such as video conferencing and distance learning (Akarowhe, 2017). ICT is a technological system that is able to meet the gap of formal communication system and ultimately affects the level of standard of living. Human development can be defined as a process of enlarging people's freedoms and opportunities and improving their well-being. Whereas, human development index (HDI) is a statistical tool used to measure a country's human development based on the health of people, their level of education attainment, and level of income. The present chapter tries to find out the impact of ICT on human development for selected high HDI and medium HDI countries during the period 2001–2018. Applying panel data technique result shows that ICT has a positive and significant impact on human development.

Book part
Publication date: 8 June 2021

Debjani Mitra

Economy consists of several economic activities like production, consumption, distribution etc. Nowadays, a new concept of knowledge economy has been introduced. A…

Abstract

Economy consists of several economic activities like production, consumption, distribution etc. Nowadays, a new concept of knowledge economy has been introduced. A knowledge economy is an economy in which the production of goods and services is based primarily upon knowledge-intensive activities. At this phase, development has two aspects – quantitative and qualitative aspects. In qualitative aspects, concept of human development index (HDI) is included. HDI has been constructed on the basis of education index (EI), health index, and standard of living index. This education implies research and development. New growth theories emphasize the potential for human capital and increase knowledge to provide new sources of economic growth and high levels of productivity. Knowledge is a familiarity, awareness, or understanding of someone or something, such as facts, information, descriptions, or skills, which is acquired through experience or education by perceiving, discovering, or learning.

In this paper, the HDI and EI of the South Asian Association for Regional Cooperation (SAARC) countries, in particular India, are taken into consideration. To study the knowledge economy as well as human capital, Intellectual Property Rights (IPRs) is used. On the other hand, for analyzing the development of any sector of the economy, the role of FDI is important. Whether the role of FDI is still there in transition to knowledge economy or not, relationship between FDI confidence index and EI is taken into consideration. Data are used from the United Nations Conference on Trade and Development (UNCTAD), the United Nations Development Programme (UNDP), World Investment Report, AT Kearney etc.

Book part
Publication date: 15 December 2015

Trevor Young-Hyman and Mariangélica Martínez Chávez

Most analyses of the relationship between the internal distribution of formal organizational power, generally manifested in ownership and governance rights, and innovation…

Abstract

Most analyses of the relationship between the internal distribution of formal organizational power, generally manifested in ownership and governance rights, and innovation efforts apply a principal-agent framework. The key implication of this framework is that firms with distributed formal power are more likely to engage in labor-intensive innovation because external capital providers are unwilling to entrust their investments to a worker controlled firm. In this paper, we critique the principal-agent framework and propose an alternative institutionalist approach, where the type of innovation pursued by firms with distributed formal power is contingent on the norms advanced by the innovation and the alignment of external stakeholders with those norms. After presenting this alternative framework, we illustrate its application with positive and negative cases of capital and labor-intensive innovation at the MONDRAGON cooperatives, a network of worker cooperatives in the Basque region of Spain. We conclude with a set of propositions to guide future research.

Details

Advances in the Economic Analysis of Participatory & Labor-Managed Firms
Type: Book
ISBN: 978-1-78560-379-2

Keywords

Book part
Publication date: 26 November 2019

Napoleon Kurantin and Bertha Z. Osei-Hwedie

In recent years, the global economy has undergone major transformations involving the liberalization of markets for traditional goods, services, and capital flows. This…

Abstract

In recent years, the global economy has undergone major transformations involving the liberalization of markets for traditional goods, services, and capital flows. This has led to the emergence of a world financial market underpinned by digital platforms, innovative and the rapid growth of integrated digital platforms, integration, investment, economic growth, development, and the potential for poverty reduction, especially, in the Global South and, in particular in sub-Saharan Africa. The goal of this chapter is to investigate the increasing accessibility and relationship between digital (e-economy) financial integration and poverty alleviation since the era of structural adjustment programs in sub-Sahara Africa with Ghana as a case study. The emphasis is on the New Digital Economy (NDE) relative to new sources of data from mobile and ubiquitous Internet connectivity. The processes of digitalization and financial sector integration and inclusion become increasingly contestable, decomposable, and reconfigurable, and the capacity to innovate will be a key success factor in policies geared toward poverty alleviation. The multiple linear regression model and its estimation using ordinary least squares (OLS) is doubtless the most widely used tool in econometrics. It helps to estimate the relation between a dependent variable and a set of explanatory variables. An OLS model for macro data set relative to a regression model is applied to provide the empirical estimations of the increasing accessibility and the relationship between digital financial integration, investment, economic growth, development, and poverty alleviation.

Book part
Publication date: 28 March 2022

Graţiela Georgiana Noja, Mirela Cristea, Nicoleta Sîrghi and Ioana Vădăsan

Introduction: Regional economies are significantly shaped by the new developments in technology, digital transformations, as well as by the demographic processes (the

Abstract

Introduction: Regional economies are significantly shaped by the new developments in technology, digital transformations, as well as by the demographic processes (the ageing population and international migration), all of these being amplified by the Covid-19 pandemics and requiring tailored strategies to bridge regional welfare gaps and enhance sustainable economic development.

Aim: This research provides a review of the interplay between the regional economic welfare and digitalisation, with a keen focus on digital transformations, education, digital skills and risk management strategies in filling development gaps and enhancing regional economic growth in a sustainable development framework, with a keen focus on Romania. In this approach, the study undertakes several essential research questions and designs an advanced theoretical and empirical research to inforce the knowledge in this scientific field.

Method: The methodological framework consists of robust regression models and spatial analysis with two types of spatial models, namely spatial lag-autoregressive and spatial error. National data compiled for Romania during the 2010–2019 lapse of time were exploited.

Findings: Main results encompass that digitalisation coordinates, education and digital skills are essential for enhancing the economic development and labour market performance of various regions in Romania, with beneficial spill-overs on sustainable economic welfare and poverty reduction. These advances bring to the fore important shifts in both demand and supply sides across regional economies that affect the equilibrium and overall performance, while public discourse, regulatory authorities, policy-makers and business representatives render global the keen need to strengthen the understandings in this scientific field.

Details

Managing Risk and Decision Making in Times of Economic Distress, Part B
Type: Book
ISBN: 978-1-80262-971-2

Keywords

Book part
Publication date: 30 March 2022

Olga V. Brizhak and Oleg N. Tolstobokov

The chapter aims to determine the need to form a new industrial core of the Russian industry, its content, problems, prospects and the objective prerequisites of its…

Abstract

Purpose

The chapter aims to determine the need to form a new industrial core of the Russian industry, its content, problems, prospects and the objective prerequisites of its formation in modern conditions.

Methodology

The development of prerequisites for the formation of a new industrial core of the Russian industry relies on the possibilities of the system paradigm, the theory of socio-economic transformation, the theory of technological modes, the theory of reproduction, the theory of modernization, the method of dialectics, empirical method and the method of analysis and synthesis.

Findings

The authors determine that the formation of a qualitatively new industrial core of the Russian industry corresponding to the new technological mode will ensure the integration of the Russian economy in the accelerating technological and socio-economic transformations.

Originality

The authors substantiate the demand for the formation of a new industrial core of the Russian industry. The problems associated with the destruction of the former industrial base during the economic transformation are established. Additionally, the authors determine the prospects for the formation of a new industrial core of the Russian industry on a qualitatively new technological basis.

Details

Current Problems of the World Economy and International Trade
Type: Book
ISBN: 978-1-80262-090-0

Keywords

Article
Publication date: 26 April 2022

Paul Owusu Takyi, Constance Sorkpor and Grace Nkansa Asante

The purpose of this paper is to explore the impact of mobile money on savings and saving practices among individuals in Ghana.

Abstract

Purpose

The purpose of this paper is to explore the impact of mobile money on savings and saving practices among individuals in Ghana.

Design/methodology/approach

Employing an instrumental variable (IV) estimation technique, comprehensive data from the Financial Inclusion Insight (FII) Survey is used, implemented by InterMedia company and conducted from December 2014 to January 2015 in Ghana.

Findings

It is found that mobile money use generally increases savings and saving behavior among individuals in Ghana. In particular, our results show that mobile money use increases the probability of individuals saving for business startup or business expansion, child's education and emergencies. Also, for the heterogeneous effects of mobile money use on saving practices, strong evidence that the use of mobile money is more pronounced in rural areas than in urban centers is found.

Originality/value

To the best of our knowledge, no empirical study has been done on Ghana to extensively examine how mobile money affects various saving practices in Ghana as it is done in this paper. The paper highlights the need for ongoing enhancement of financial inclusion in rural areas by the government of Ghana and other stakeholders to boost savings among rural folks, while not neglecting that in urban areas. Generally, the findings for this paper support the use of mobile money as a tool for enhancing the financial inclusion agenda by policymakers in Ghana and many other countries around the world.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1026-4116

Keywords

Article
Publication date: 14 March 2022

Nikolaos Daskalakis and Efstathios Karpouzis

The purpose of this paper is to add to the existing literature about whether and how a continuous belief-update mechanism affects investors' risk perceptions in…

Abstract

Purpose

The purpose of this paper is to add to the existing literature about whether and how a continuous belief-update mechanism affects investors' risk perceptions in crowdfunding. The authors build on existing literature on the impact of a continuous belief-update mechanism on return expectations and risk perceptions, as a result of the funders' personal return and risk experiences, and apply this approach to the crowdfunding area. The authors thus add two specific insights about these dynamic new markets. First, the authors measure the perceived risk along multiple dimensions. Second, the authors consider how perceived risk differs across experienced investors and inexperienced investors, using two levels of analysis.

Design/methodology/approach

The paper uses a unique data set of survey respondents on crowdfunding with financial returns. The data set covers Germany, Poland and Spain. Survey data were derived by market research conducted in two stages. The first stage consists of two questions asked within an omnibus survey conducted by computer-assisted telephone interviews. In the second stage, multiple questions (including QA.1 and QA.2 and demographics) were included in an online survey or computer-assisted web interview for the same three countries.

Findings

The authors find that experienced investors perceive risks at lower levels than users that are aware of crowdfunding, but have not yet had the experience of an actual investment. The authors also find that investors, who invest larger proportions of their savings in crowdfunding with financial returns, perceive risks even lower than “lighter” investors, for the majority of risks the authors investigate.

Research limitations/implications

The study is limited in three European countries and explores crowdfunding with financial returns only.

Practical implications

The study suggests that investors' participation and activity in crowdfunding with financial returns can be increased, either via providing incentives for “first investment” or via the creation of investment simulators.

Originality/value

This study contributes to the following three areas. First, the authors shed new evidence on the dynamics of crowdfunding with financial returns and explore how decisions are being made in a context of reverse information asymmetries. Second, the authors explore how the “crowd” reshapes risk perceptions via a belief-update mechanism; this is of high importance under the absence of traditional financial intermediaries, which increases the severity of information asymmetries. Third, the authors enrich literature associated with how laypeople take investment decisions, showing how prior experience affects investment decision making.

Details

Managerial Finance, vol. 48 no. 5
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 4 January 2022

Fatma Sonmez Cakir and Zafer Adiguzel

The aim of the research is to analyze sustainability in energy companies in terms of financial innovation, innovation strategy and organizational innovation.

Abstract

Purpose

The aim of the research is to analyze sustainability in energy companies in terms of financial innovation, innovation strategy and organizational innovation.

Design/methodology/approach

The analysis of this research was done by using the Mplus 7 package program, and the research model was tested using the existing latent variables and their expressions. Data from 298 administrative staff (white collar) working in companies operating in the energy sector were analyzed.

Findings

Both independent and mediation effects of financial innovation and innovation strategy positively affect sustainability performance. Therefore, it can be concluded that in order for sustainability performance to be positive, importance should be given to financial innovation, innovation strategy and organizational innovation activities.

Research limitations/implications

As the data were collected from energy companies in this research, it is not correct to generalize the evaluations. Therefore, in terms of the limitations of the research, the sector and sample size should be taken into account in future studies.

Originality/value

This research conducted in energy companies focuses on the importance of sustainability and has a unique value in the literature as the data is collected and analyzed from white-collar employees.

Details

International Journal of Innovation Science, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-2223

Keywords

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