Carsey Perspectives: Local Owners Driving Lasting Solutions, An Innovative Model for International Development and Poverty Alleviation

In this perspectives brief, authors Ilona Drew, Fiona Wilson, Bill Maddocks discuss a case study that was examined as part of the Social Sector Franchise Initiative (SSFI), a project of the Center for Social Innovation and Enterprise at the University of New Hampshire. This case study describes Jibu, a social sector franchise seeking to simultaneously provide lasting access to affordable clean drinking water and to contribute to economic development through a network of locally-owned franchise businesses in East Africa and beyond. First-time social entrepreneurs are equipped with Jibu’s water purification and other equipment, branding, training, and the capital required to launch franchise locations selling drinking water at prices lower than the charcoal it would cost to boil it

Carsey Perspectives: Meeting Farmers Where They Are, Increasing Agricultural Sustainability in Malawi Through Business Format Franchising

In this perspectives brief, authors Ilona Drew, Abraham DeMaio, Bill Maddocks, and Fiona Wilson discuss a case study that was examined as part of the Social Sector Franchise Initiative (SSFI), a project of the Center for Social Innovation and Enterprise at the University of New Hampshire. This case study profiles Ziweto Enterprises, a social venture in Malawi using franchising methodology to scale its growth. Ziweto’s Agrovet Shops are “one-stop” franchised shops run by recent graduates of veterinary medicine and agricultural colleges that offer diverse veterinary and agricultural products and services. Ziweto’s products and services provide key support to the nation’s smallholder farmers, supporting animal husbandry as well as crop output

Market Timing and Selectivity: Evidence from Australian Equity Superannuation Funds

In this performance evaluation study, two questions are addressed. First, do active fund managers possess macro and micro forecasting skills that deliver superior risk-adjusted returns? Second, what is the nature of market timing/stock selectivity trade off in the generation of alpha? The answers from this study are as follows: as an industry, managers delivered inferior returns for superannuation investors for the period 1991 through 1999. The study provides little evidence that the Australian funds management industry holds sufficient macro and/or micro forecasting abilities to generate positive alpha. While previous research has found that inferior market timing decisions are compensated for by superior stock selection skills, this study finds no substantive inverse relationship between timing and selectivity.Performance evaluation; Timing; Selectivity.