Search results

The slack-innovation relationship has interested scholars for years. The authors aim to delve into the impact of financial slack on firm innovation by replicating a classic study arguing that this relationship has an inverse U-shape.

The sample consists of all US firms that were publicly traded between 1993 and 2011. The authors employ the standard econometrics methodology of panel regression with firm-fixed effect and time-fixed effect to estimate the regression equation of firm innovation on financial slack.

The authors find that the relationship between financial slack and R&D investments is similar to that suggested by earlier authors, thus enhancing the generalizability of this important finding in management research. The authors also find that this relationship holds even during economic downturns.

The authors replicate Nohria and Gulati's classic study by considering the impact of slack on innovation. The authors also move away from survey data, as used by Nohria and Gulati. The authors utilize actual firm-level data for a large sample of US publicly traded firms from 1993 to 2011, thus enhancing the generalizability of these findings.

The purpose of this paper is to give an insight into lessons learned so far on the in situ upgrading and eradication of informal settlements in South Africa. This is with a view to accessing progress made to date, the line of focus and to ascertain whether in situ upgrading or eradication of informal settlement is the best option in solving the problem of informal settlement integration into the large society.

The research is conducted with reference to existing theoretical literature, published and unpublished South Africa research. The study is mainly a literature survey/review and looks at challenges that have been overcome to bring about the success made to date, thus striving to achieve the goals and objectives of a city without slums. The research ties up the identified challenges with recommendations to the problems to enhance the reality of having a city without slums.

One of the primary findings that emanated from the study revealed that all development where people have to be displaced or inconvenienced has come with problems. Other findings attribute the little success achieved to date to the in situ upgrading of the existing settlement and the eradication of the settlement. Though policy activated has not been well implemented for the betterment of all, progress has been made nonetheless.

The upgrading and eradication of informal settlement have long been a subject of global discussion, which has taken firmer root since it was declared to be one of the Millennium Development Goals agenda. The paper contributes to this body of knowledge.

High rates of urbanization have concentrated housing needs in urban areas. This has resulted in a large‐scale housing and service backlog. The rapid growth in housing demand represents a mammoth task for both the present and future housing policy in South Africa. Local government in an effort to address this challenge has placed a high premium on informal settlement formalization and mixed‐income housing development. The rationale behind these two approaches is to address urban poverty, segregation and redevelopment. The purpose of this paper is to appraise mixed‐income housing development with the objective of integration along racial and social grounds and to denounce the negative perception that the poor and rich cannot live side by side, as well as to provide evidence‐based public‐private partnership (PPP) in development.

The investigation will be based on primary and secondary data with great emphasis on the analysis of the findings of Shift, an NGO, in reviewing the success and challenges of mixed‐income housing development. Both published and unpublished literatures were used equally in the study, as well as focus group discussion and interviews with the beneficiaries as well as the principal developers and City of Johannesburg representatives. These findings will be contextualized to Cosmo City in Johannesburg because this happens to be one of the municipalities with a high rate of migration and attendant housing shortage.

Integration of the poor into the urban system is achievable with effective and efficient PPP. This investigation also finds that the mixed‐income housing development can lead to an inclusive city and bring about change in the paradigm of criminalization of the poor as being not suitable to live side by side with the rich. Poverty and marginalization can be addressed through carefully planned housing typology.

For mixed‐income housing development to be successful and sustainable, this paper shows there is a need for interactive participation of the end user or beneficiaries. Integration along social and racial lines can be achieved through appropriate housing typology. There is a need for inter‐sectoral collaboration and partnership between the public and private sectors in addressing informal settlement challenge and urban poverty in developing countries.