121,904 research outputs found

    Contract Farming for Better Farmer-Enterprise Partnerships: ADB\u27s Experience in the People\u27s Republic of China

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    [Excerpt] Agriculture should provide safe and nutritious food to people. In the People’s Republic of China (PRC ) and many other developing members of the Asian Development Bank (ADB), agriculture is also the main source of income for rural residents. Yet as compared with the total labor force absorption, the contribution of agriculture to gross domestic product is very small, suggesting lower productivity, often resulting in poverty. Recognizing the invaluable contribution of agriculture to the PRC ’s development, the government has been prioritizing agricultural modernization in its policy agenda with an aim to further improve the agricultural sector’s productivity and efficiency. ADB’s support to the sustainable development of agriculture in the PRC covers broad areas ranging from irrigation infrastructure and farmland upgrading to agribusiness development and food safety. The Dryland Sustainable Agriculture project commenced in 2009 with ADB assistance supports the development of partnerships between private agro-enterprises and farmers using contract farming arrangements to strengthen farm productivity, food production, and processing capacity in 27 counties in Gansu, Henan, and Shandong provinces. After 6 years, the project has delivered considerable amount of outputs in terms of facilities established and farmers engaged, showing promise in achieving its outcome. Concurring with the request from the Ministry of Agriculture, the project executing agency, ADB provided a grant to study the experiences arising from the project with respect to developing sustainable farmer–enterprise partnerships particularly contract farming models. Equally important, the study examines the issues involved in current contract farming practices and recommends policies that may help resolve them

    Determinants of IFRS compliance in Africa: analysis of stakeholder attributes

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    Purpose: This paper examines the drivers of companies’ compliance with IFRS using the stakeholder salience theory. Research Methods: We have used panel data from 205 companies to examine the IFRS compliance level across 13 African countries. Our study has also established the relationship between stakeholders’ attributes and firms’ compliance with IFRS. Findings: On IFRS compliance, we found that the average compliance score among the companies over the period was 73.09% with a minimum score of 62.86% and maximum of 85.61%. We found a significant positive association between audit committee competence (ACC) and compliance and found the same for chartered accountants on board (AOB). There is less compliance with the latest standards, such as IFRS 3, 7, and 13. Also, IAS 17, 19, 36, and 37 are problematic across the sample. We also found that compliance has been increasing over the years. Practical implications. For companies, our studies provide empirical evidence on the importance of having chartered accountants’ corporate boards as well as competent audit committees involved in ensuring high compliance with IFRS. Our findings also provide valuable information for professional accounting organizations on the role of its members (chartered accountants) in the effectiveness of IFRS compliance. Value/Contribution: This study complements and updates prior studies on IFRS compliance with findings from Africa, a region that has been neglected in the literature. It provides empirical evidence on the importance of chartered accountants sitting on corporate boards in ensuring high compliance with IFRS

    Pandering Judges

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    Tenured public officials such as judges are often thought to be indifferent to theconcerns of the electorate and, as a result, potentially lacking in discipline butunlikely to pander to public opinion. We investigate this proposition empiricallyusing data on promotion decisions taken by senior English judges between 1985 and2005. Throughout this period the popular view was one of ill-disciplined elitism:senior judges were alleged to be favouring candidates from elite backgrounds overtheir equally capable non-elite counterparts. We find no evidence of such illdiscipline;most of the unconditional difference in promotion prospects between thetwo groups can simply be explained by differences in promotion-relevantcharacteristics. However, exploiting an unexpected proposal to remove control overpromotions from the judiciary, we do find evidence of pandering. When faced by theprospect of losing autonomy, senior judges began to favour non-elite candidates, aswell as candidates who were unconnected to members of the promotion committee.Our finding that tenured public officials can display both the upsides and downsidesof electoral accountability has implications for the literature on political agency, aswell as recent constitutional reforms.Electoral Accountability, Judges, Promotion Decisions

    The Value of “Unlimited Spending” in Presidential Elections: Super PAC Influence in the 2012 Republican Primaries

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    In their inaugural presidential cycle, Super PACs spent heavily in an attempt to sway voters. Though this spending was widely publicized and served as a major source of controversy, very little evidence has been presented to suggest that their efforts translate into influence. Naturally, this begs the question: how much power do these deep-pocketed Super PACs truly possess? Using data from the 2012 Republican nomination period, this study finds that the effects of Super PAC spending are minimal, specific to long-shot candidates, and situational

    Employee Participation in Budgeting and Effective Budgetary Control a Tool for Enhancing Organizational Performance.

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    Organizational performance is a major issue of concern to stakeholders in any business. Stakeholders are of keen interest on the positive performance of the business enterprise they have interest in. Boosting performance however does not start during regular activities of the organization, but before the regular activities commence through budgeting and during the regular business activities of the organization towards the attainment of the organizational objectives. This research dealt with the impact of employee participation in budgeting as well as the adoption of effective budgetary control in the improvement of organizational performance of medium and large scale enterprises in Nigeria. The data used for this research was collected through the administration of research questionnaire to employees of medium and large scale enterprises in Nigeria. The research hypotheses were tested using regression analysis and correlation. At the end of the research, it was found out that employee participation and in budgeting as well as effective budgetary control are essential tools for the enhancement of organizational performance. The research therefore recommends that medium and large scale companies should adopt the bottom up budgeting system by allowing employees participate in budget formation, as well as the use of periodic budgetary control method

    Whitehall and the control of prices and profits in a major war, 1919-1939

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    For much of the interwar period there was discussion in Whitehall of the policy to control prices and profits in any future major war. Opinion was divided between those who believed that the control of prices and profits would be necessary in return for controlling labour in the light of the experience of the First World War, and those who focused on the financial aspects of the issue, in which the control of prices and profits was seen to play little positive role. This second strand of thinking, rooted in the treasury, predominated, particularly once rearmament began: the co-operation of business and labour, it was argued, was best achieved by maintaining the status quo. As a result, once war did break out, legislation had to be enacted very rapidly to meet popular demands. More generally, this study throws light on the nature of interwar government in Britain and its attitude towards intervention

    Decentralisation of Active Labour Market Policy: The Case of Swedish Local Employment Service Committees

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    Decentralisation of decision-making in active labour market policy makes it possible to use local information to the fullest, but may also impinge on the fulfilment of national objectives, as suggested by principal-agent theory. The purpose of this study is to ex-amine the effects of a Swedish pilot programme in 1996, which strengthened the role of the local authorities in labour market policy in parts of the country. Survey evidence suggests a non-negligible divergence between the objectives of the municipality repre-sentatives and the central government's goals. Regarding programme effects, our econometric findings do not indicate any increase in geographical lock-in of the unem-ployed, but decentralisation seems to spur local initiatives in the form of labour market programmes organised by the municipalities. In addition, targeting on outsiders is to some extent more common in municipal projects than in others.Active labour market policy; Decentralisation; Intergovernmental relations

    Lightcurve Classification in Massive Variability Surveys II: Transients towards the Large Magellanic Cloud

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    Automatic classification of variability is now possible with tools like neural networks. Here, we present two neural networks for the identification of microlensing events -- the first discriminates against variable stars and the second against supernovae. The inputs to the networks include parameters describing the shape and the size of the lightcurve, together with colour of the event. The network computes the posterior probability of microlensing, together with an estimate of the likely error. An algorithm is devised for direct calculation of the microlensing rate from the output of the neural networks. We present a new analysis of the microlensing candidates towards the Large Magellanic Cloud (LMC). The neural networks confirm the microlensing nature of only 7 of the possible 17 events identified by the MACHO experiment. This suggests that earlier estimates of the microlensing optical depth towards the LMC may have been overestimated. A smaller number of events is consistent with the assumption that all the microlensing events are caused by the known stellar populations in the outer Galaxy/LMC.Comment: 11 pages, MNRAS, in pres
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