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Article
Publication date: 18 November 2013

Kun Su, Rui Wan and Bin Li

The purpose of this paper is to illustrate and examine the effects of ultimate ownership, institutionality and their interactions on capital structure in a unified…

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Abstract

Purpose

The purpose of this paper is to illustrate and examine the effects of ultimate ownership, institutionality and their interactions on capital structure in a unified framework, based on evidence from China.

Design/methodology/approach

Using six years of panel data of Chinese non-financial listed firms between 2004 and 2009, this paper estimates with correlation analysis and multiple regression analysis.

Findings

This paper finds that debt financing facilitates the ultimate owner's expropriation behavior. The separation of control rights and cash flow rights is positively related to capital structure, while cash flow rights negatively affect it. Compared with private ultimate owners, state ultimate owners have less incentive to reap the benefits of expropriation, implying that the separation of control rights and cash flow rights has a smaller effect on the capital structure of state-owned firms. The improvement of institutionality can restrain ultimate owners' expropriation behavior, and regional institutional development is negatively related to capital structure. The separation of control rights and cash flow rights has a smaller positive effect on capital structure in regions with better-developed institutionality.

Originality/value

This paper incorporates ultimate ownership and institutionality into a unified analytical framework of capital structure. It not only enriches related studies on capital structure, but also helps us understand the institutional roots of irrational capital structure behaviors in China. This paper also provides further evidence on ultimate owners' expropriation of minority shareholders through debt financing.

Details

Chinese Management Studies, vol. 7 no. 4
Type: Research Article
ISSN: 1750-614X

Keywords

Book part
Publication date: 7 October 2019

Marle Aparecida Fidéles de Oliveira Vieira and Valdete Côco

In this article, we discuss the issue of the right to education of young children, focusing on the Institution of Early Childhood Education (EIC in Portuguese), of views…

Abstract

In this article, we discuss the issue of the right to education of young children, focusing on the Institution of Early Childhood Education (EIC in Portuguese), of views with legal markers and educational indicators of a Brazilian State. From a research that approached Early Childhood Education (EI in Portuguese) in settlements of the Landless Rural Workers Movement (MST in Portuguese) and making use of the Bakhtinian framework we highlight the processes of inequality that devastate childhood in the rural settings. The data reiterate the need to not only combat the logics of precariousness that affect the service given but also to guide the specificity of Children’s education field, within a framework of the effectiveness of primary school attendance. Hence, we call one’s attention to the debate of the ways of setting up institutions, with a view to serving children, urging the regulations related to the right to education, particularly, the right to Early Childhood Education in the peasant’s context, particularly in settlements.

Details

Human Rights for Children and Youth
Type: Book
ISBN: 978-1-78973-047-0

Keywords

Content available
Article
Publication date: 30 June 2022

Fredy Vargas-Lama

This paper aims to identify the aspects that social actors consider in constructing shared futures in communities. In their application in emerging countries, especially…

Abstract

Purpose

This paper aims to identify the aspects that social actors consider in constructing shared futures in communities. In their application in emerging countries, especially in the Global South, the socio-cultural particularities of communities and actors are often overlooked, generating friction or social conflicts. This paper presents two critical elements contributing to the debate: the importance of understanding Social Actors within a model of generating community futures in emerging countries; and the relevant factors that influence the actors in an exercise of building futures in communities.

Design/methodology/approach

From qualitative research, a case study of community foresight of the future was used: the future of Puerto Gaitán 2037 (Meta, Colombia). A method of information collection was applied from observation of the participants and analysis of documentation. The analysis method was the deductive qualitative analysis (DQA).

Findings

The participation of the social actors presents a model of five relevant elements that influence the actors for the successful construction of futures in communities. The first four factors, revealed from theory, are presented in real life. Likewise, a fifth factor is proven, Long-term thinking, which is evidenced by a model of application of futures studies for the specific context, applicable to the case of communities in countries of the Global South.

Originality/value

Although there are isolated examples of recommendations regarding studies to generate the future of communities, to the best of the author’s knowledge, this is the first study that presents concrete factors that contribute to guiding the construction of community futures from social actors, especially in countries of the Global South such as Colombia. It is also one of the first studies to use the DQA as a method of analysis in a topic of futures studies.

Details

foresight, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-6689

Keywords

Open Access
Article
Publication date: 29 June 2021

Gemma Ubasart-González and Analía Mara Minteguiaga

The purpose of this paper is to examine the relation between estate transformations produced during the governments of the Citizen Revolution (CR) in Ecuador (2007-2017…

Abstract

Purpose

The purpose of this paper is to examine the relation between estate transformations produced during the governments of the Citizen Revolution (CR) in Ecuador (2007-2017) and welfare regime transformations.

Design/methodology/approach

The CR’s project registers an array of specificities that make it a relevant case study to understand it. Among them, it articulated the transformation of the development model with a comprehensive state reform: emphasized both the modernization of the state and the productive structure, and the creation of the basic pillars of a welfare state. The ambitious project materialized in an ambivalent manner, revealing accomplishments and limitations.

Findings

The recovery of resources for the state, the efficient organization of resources, decentralization and deconcentration processes, public administration transformations and policy de-corporatization processes accompanied and even propelled important achievements in the social sphere in terms of decommodification, stratification, commodification and defamiliarization. Ecuador’s starting point, as a small and impoverished country with pubic and communal goods and services dismantled through neoliberal reforms, was quite precarious. But, progress was made. Beyond the identified limitations, its accomplishments must be highlighted because they are novel in comparison to other progressive government experiences, especially in the context of Central Andean countries.

Originality/value

This article vindicates the need to link state transformation processes to welfare regime transformations, as well as the academic literature that informs both fields. The description of what took place in Ecuador in the field of social welfare during the ten years of the CR continues to confirm the theoretical potential of the concept of welfare regime with the necessary translations and appropriations that allow for the analysis of countries in the region. It enables an approach to a more theoretically and methodologically elusive object that is at the same time tremendously potent in analytical terms and in its contributions to social transformations. An object that alludes to areas gravely affected during neoliberal hegemony, linked to public institutionality, state capacity and state autonomy. This is why everything that affects the state and the management of public goods and services must be incorporated into the analysis.

Details

International Journal of Sociology and Social Policy, vol. 42 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 26 July 2021

Ana Margarida Esteves

This research article addresses the role of processes of normative regulation, driven by distinct approaches to collective action and underlying narratives of social…

Abstract

Purpose

This research article addresses the role of processes of normative regulation, driven by distinct approaches to collective action and underlying narratives of social change, in the construction of “solidarity economy” initiatives as parallel spatialities to that of the mainstream economy.

Design/methodology/approach

This article is based on a comparative case study analysis, informed by aspects of the Grounded Theory and Extended Case Study methods, of an ecovillage, an alternative commercialization network and an “integral cooperative”. The analysis is illustrated with fieldwork data on food production, commercialization and consumption, given its centrality in the construction of human livelihoods and lifeworld.

Findings

The resulting conceptual framework identifies three methodologies of normative regulation: Prefigurative social technologies and capitalizing upon power and reputation to exert influence over other economic actors; being part of a wider class-based emancipatory political project; mobilizing online peer-to-peer platforms and community currencies to construct an alternative institutionality.

Research limitations/implications

This article constitutes an exploratory analysis. Further research, based on the application of mixed methodologies to larger samples, will further expand the setup and applicability of these concepts.

Practical implications

This analysis will allow scholars and practitioners alike to gain a deeper understanding of how different approaches to collective action, based on distinct structural standpoints and narratives of change, constitute alternative economic spatialities to those of the mainstream economy.

Social implications

The comparative approach used in this article, as well as the resulting concepts, have the potential of contributing to the convergence of “solidarity economy” strategies between initiatives and movements with different approaches to collective action, therefore contributing to improve their capacity to exercise influence upon incumbent institutional regimes, as well as promote socio-economic change.

Originality/value

This article aims to bridge a significant gap in the understanding of how “solidarity economy”-based parallel spatialities emerge and coexist with the mainstream economy: It analyses how processes of normative regulation result from narratives of change with distinct approaches to collective action, based on the standpoint of actors located differently within structural power relations.

Details

International Journal of Sociology and Social Policy, vol. 42 no. 7/8
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 18 November 2013

Yuanhui Li

The papers in this issue make a significant original contribution which will result in the better understanding of Chinese corporate finance management challenges from…

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Abstract

Purpose

The papers in this issue make a significant original contribution which will result in the better understanding of Chinese corporate finance management challenges from both theoretical and practical perspective. The paper aims to discuss these issues.

Design/methodology/approach

The papers of this issue have a wide range of coverage related to corporate finance, such as CSR disclosure, organizational structure, earnings management, ownership structure, media impact, corporate accidents, and institution background. Those papers selected are all based on empirical researches with the original designs of their modeling, by the real and fundamental data from the latest Chinese market and enterprises.

Findings

The author believes that such in-depth analysis and discussion will enhance the understanding for both researches and practitioners on the behavior of managing corporate finance in China. Those findings will contribute to the establishment of Chinese management theories and to the building of a wide range of Chinese management practices.

Originality/value

Although the angle of each paper varies, they are all trying to have a deep analysis which may unveil the behavior of corporate finance decision. Some of such behaviors will be beneficial to the long-term sustainable growth of the company, while others, though, may have the negative impact on the corporate value creation.

Details

Chinese Management Studies, vol. 7 no. 4
Type: Research Article
ISSN: 1750-614X

Keywords

Book part
Publication date: 22 November 2019

Debora Thome and Byron Villacís

Population censuses collect socio-demographic and economic information regularly and in an institutionalized manner. The decision of what topics to include in their…

Abstract

Population censuses collect socio-demographic and economic information regularly and in an institutionalized manner. The decision of what topics to include in their questionnaires reflects political priorities, but also it is a materialization of symbolic power (Bourdieu, 1991; Loveman, 2005). Gender practices – including budgeting, policy-making, implementation and monitoring of programs – depend significantly on census results. Understanding the institutional dynamics of public statistics sheds light on structural obstacles to exercise gender rights. To study this phenomenon, the authors look at the last century of the Brazilian and Ecuadorian censuses. The research provides a better understanding about the process of including or rejecting questions related to gender, specifically the arguments used in the process of selecting questions. Brazil and Ecuador were chosen because of the different profiles of each of their statistical institutions. The Brazilian institute, IBGE, is a larger, stable and semi-autonomous statistical office; Brazil has conducted population censuses since the nineteenth century. The Ecuadorian institute, INEC, is a smaller and more politically dependent statistical office; it has conducted population censuses since 1950.

Using archival analysis within the questionnaires and interviewing key demographers, activists and statisticians in both countries, the authors argue that the presence or absence of gender questions in the Brazilian and Ecuadorian censuses is historically and politically contingent. In contrast to the dominant narrative that suggests that changes in the vision of public statistics is correlated with the modernization of the state, it appears that the statistical visibility of gender issues in each society does not follow a linear path.

Details

Gender and Practice: Knowledge, Policy, Organizations
Type: Book
ISBN: 978-1-83867-388-8

Keywords

Content available
Book part
Publication date: 7 October 2019

Abstract

Details

Human Rights for Children and Youth
Type: Book
ISBN: 978-1-78973-047-0

Book part
Publication date: 1 May 2013

Guillermina Tiramonti and Mariana Nobile

The present chapter accounts for the current demands for reaching universal attendance to secondary school in Latin American countries. National frameworks of education in…

Abstract

The present chapter accounts for the current demands for reaching universal attendance to secondary school in Latin American countries. National frameworks of education in three countries of the American South Cone – Brazil, Argentina, and Chile – are analyzed, in order to advance in the understanding of the challenges that must be faced to universalize the secondary school. Its elitist origin and the profound cultural changes that are taking place in these societies represent major problems that have to be addressed to achieve the desired aim. A brief presentation of the alternatives of change that are being implemented is made. We reflect specially on the implications for the principals of educational institutions in the performance of their daily tasks, both in the countries selected and in other sociocultural contexts.

Details

Understanding the Principalship: An International Guide to Principal Preparation
Type: Book
ISBN: 978-1-78190-679-8

Article
Publication date: 7 April 2015

Juan-Pablo Sarmiento and Dimmy Herard

The purpose of this paper is to provide an analysis of sistematización’s use as a research tool in the operationalization of a “neighborhood approach” to the…

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Abstract

Purpose

The purpose of this paper is to provide an analysis of sistematización’s use as a research tool in the operationalization of a “neighborhood approach” to the implementation of disaster risk reduction (DRR) in informal urban settlements.

Design/methodology/approach

The first section highlights sistematización’s historical origins in Latin America in the fields of popular adult education, social work, and rural development. The second explains why sistematización was made a required component of project implementation. The third section addresses the approach to sistematización used. The final discusses how this experience both contributes to sistematización’s theoretical development and practical application as a methodology.

Findings

The introduction of “sistematización” as a research tool facilitated real-time assessment of project implementation, providing timely information that positively influenced decision-making processes. This on-going feedback, collective learning, and open-exchange of know-how between NGOs and partner institutions allowed for the evaluation of existing practices and development of new ways of collaborating to address disaster risk in complex and dynamic urban environments.

Practical implications

Sistematización transcends the narrow focus of traditional monitoring and evaluation on final results, emphasizing a comprehensive understanding of processes and contexts.

Originality/value

Its use in the implementation of DRR initiatives in informal urban environments is particularly novel, highlighting the capacity of the methodology to be tailored to a variety of needs, in this case, bridging the gap between NGOs, local governments, and vulnerable communities, as well as between urban, development, and disaster risk management planning.

Details

Disaster Prevention and Management, vol. 24 no. 2
Type: Research Article
ISSN: 0965-3562

Keywords

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