The incidence of long-term unemployment : evidence from Greece

In this article, I use the 2000-2004 data from the Greek Labour Force Survey in order to estimate a logit model for the incidence of long-term unemployment. The model computed is similar to the one estimated by Obben et al. (2002). It is found that attributes of the individual such as gender, age category, marital status and region of residence affect the odds of being long-term unemployed. On the other hand, the level of someone's qualification does not affect the odds of whether someone will be short or long-term unemployed

What determines self-employment? : a comparative study

This article consists of a comparative study of the incidence of self-employment (SE) between Greece, which has the highest rate of SE in the European Union and the United Kingdom, which has amongst the lowest. Data from the Greek and the UK Labour Force Surveys are used in order to assess how personal attributes of an individual have an impact on the incidence of SE. It is found that common patterns exist between these two countries. In particular, it is found that for both countries, males have greater odds of being self-employed than females, older people have greater odds than younger, individuals employed in the primary and tertiary sectors have greater odds than the ones employed in the secondary, and that individuals with primary or secondary education have greater odds of being self-employed than individuals holding higher degrees. The incidence of SE is also found to differ according to the occupation of the individual. On the other hand, the findings indicate that individuals, residing in London, have greater odds of being self-employed than individuals working outside UK's capital, whereas in Greece the pattern is reversed

Victimization, crime propensity and deviance: a multinational test of general strain theory

General Strain Theory (GST) identifies victimization as one of the strains most strongly related to crime which, like other sources of strain, is moderated by individual and social factors. Recently, Agnew (2013) extended the theorization of coping strategies by proposing that the effects of strain on deviance are conditioned by individual and social factors in combination, rather than singly, which he labelled crime propensity. Tests of the propensity hypothesis have so far yielded mixed results, highlighting the value of additional studies. Whereas previous tests have focused on single countries, either in North America or Asia, we test the propensity hypothesis using data on adolescents in 25 countries collected through the International Self-Report Delinquency Study (ISRD3; n= 57,760). A series of OLS regressions show that the relationship between victimization and delinquency/substance use is conditioned by the effects of individuals’ crime propensity, thereby supporting the recent extension to GST

Economic performance or electoral necessity? Evaluating the system of voluntary income to political parties

Whilst the public funding of political parties is the norm in western democracies, its comprehensive introduction has been resisted in Britain. Political and electoral arrangements in Britain require parties to function and campaign on a regular basis, whilst their income follows cycles largely related to general elections. This article shows that the best predictor of party income is the necessity of a well-funded general election campaign rather than party performance. As a result, income can only be controlled by parties to a limited degree, which jeopardises their ability to determine their own financial position and fulfil their functions as political parties

A wider Europe? The view from Russia, Belarus and Ukraine

On the evidence of national surveys conducted between 2000 and 2006, there is a declining sense of European self-identity in the three Slavic post-Soviet republics of Russia, Belarus and Ukraine. Attitudes towards the European Union and the possibility of membership are broadly supportive, but with a substantial proportion who find it difficult to express a view, and substantial proportions are poorly informed in comparison with the general public in EU member or prospective member countries. Those who are better informed are more likely to favour EU membership and vice versa. Generally, socioeconomic characteristics (except for age and region) are relatively poor predictors of support for EU membership as compared with attitudinal variables. But ‘Europeanness’ should not be seen as a given, and much will depend on whether EU member countries emphasize what is common to east and west or establish ‘new dividing lines’ in place of those of the cold war

Impact of R&D expenditures, rainfall and temperature variations in agricultural productivity: empirical evidence from Bangladesh

No embargo required

An examination of the relationship of governance structure and performance: Evidence from banking companies in Bangladesh

Corporate governance has become increasingly important in developed and developing countries just after a series of corporate scandals and failures in a number of countries. Corporate governance structure is often viewed as a means of corporate success despite prior studies reveal mixed, somewhere conflicting and ambiguous, and somewhere no relationship between governance structure and performance. This study empirically investigates the relationship between corporate governance mechanisms and financial performance of listed banking companies in Bangladesh by using two multiple regression models. The study reveals that a good number of companies do not comply with the regulatory requirements indicating remarkable shortfall in corporate governance practice. The companies are run by the professional managers having no duality and no ownership interest for which they are compensated by high remuneration to curb agency conflict. Apart from some inconsistent relationship between some corporate variables, the corporate governance mechanisms do not appear to have significant relationship with financial performances. The findings reveal an insignificant negative impact or somewhere no impact of independent directors and non-independent non-executive directors on the level of performance that strongly support the concept that the managers are essentially worthy of trust and earn returns for the owners as claimed by stewardship theory. The study provides support for the view that while much emphasis on corporate governance mechanisms is necessary to safeguard the interest of stakeholders; corporate governance on its own, as a set of codes or standards for corporate conformance, cannot make a company successful. Companies need to balance corporate governance mechanisms with performance by adopting strategic decision and risk management with the efficient utilization of the organization’s resources

An Empirical Investigation of U.K. Environmental Targets Disclosure: The Role of Environmental Governance and Performance

Although an increasing number of companies have publicly declared environmental targets (ETs), scant research has been conducted in this area. This study, therefore, investigates the extent of corporate environmental targets disclosure (ETD) and empirically examines whether environmental governance and performance influence the ETD of companies in the U.K. during the 2005–2013 period. We find that firms show a large degree of variability and inconsistency in their reporting of ETs. The results indicate that U.K. firms, particularly those with high environmental sensitivity, tend to disclose symbolic soft or semi-hard ETs to manage stakeholder perceptions and legitimize their existence. Moreover, Global Reporting Initiative (GRI) guidelines, sustainability committees, and sustainability assurance show positive relationships with ETD. We also find that U.K. firms that perform well environmentally are likely to set and disclose hard ETs. These results support stakeholder, legitimacy, and impression management theories. We suggest that there is a need for regulations that will not only enhance the usefulness of ETD but also encourage companies to take serious proactive action to reduce negative environmental impacts, possibly creating ‘win-win’ solutions. Our findings have important implications for policy-makers and various stakeholder groups

Disentangling the Effects of Corporate Disclosure on the Cost of Equity Capital: A Study of the Role of Intellectual Capital Disclosure

In this article, we investigate whether intellectual capital (IC) and financial disclosures jointly affect the firm’s cost of equity capital. In contrast to prior research, we disaggregate disclosures into IC and financial disclosures and examine whether the two disclosure types are jointly related to the cost of equity capital. We also investigate whether IC and financial disclosures have an interaction effect on the cost of equity capital. Using data for a sample of 125 U.K. firms, we find a negative relationship between the cost of equity capital and IC disclosure. We find that the relationship between financial disclosure and the cost of equity capital is magnified when combined with IC disclosure. In addition, we find that IC and financial disclosures interact in shaping their effects on the cost of equity capital. Further analyses suggest that the effect of financial disclosure on the cost of equity capital is augmented for firms characterized by a medium level of IC disclosure. These results provideimportant insights into the relationship between disclosures and cost of equity capital and have policy and practical implications