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Economic Gains (economic + gain)
Selected AbstractsTHE LONG-TERM ECONOMIC GAIN FROM NEW MODELS OF HEALTHCARE PROVISION: THE OPPORTUNITIES FOR PHARMACEUTICAL COMPANIESECONOMIC AFFAIRS, Issue 3 2006Nick Bosanquet The case for competition in healthcare has become much stronqer. Health economists have failed to notice the erosion of the old arguments for state monopoly. [source] Six Ages towards a Learning Region , A RetrospectiveEUROPEAN JOURNAL OF EDUCATION, Issue 3 2010NORMAN LONGWORTH Learning Cities and Learning Regions are terms now in common use as a result of the growing importance of lifelong learning concepts to the economic, social and environmental future of people and places. Why ,learning' regions? Why not intelligent, creative, clever, smart or knowledge regions? In truth, all of these can, and some do, also exist, but we argue that this is not a semantic debate. The basis of intelligence, smartness, cleverness, creativity and knowledge is effective learning and its intelligent application in creating a better future. We can, we believe, only learn our way into the future and the same is true, in developmental terms, of cities, towns, regions and communities. What therefore is a learning region? Definitions tend to differ according to perception, situation, occupation and objective. Where the focus is on technology a learning region will emphasise the advantages of hi-tech for the development of a physical infrastructure that will assist regeneration and be useful for more efficient behaviour and learning by people and organisations. Hence the growth of ,smart cities,' mainly in North America. Where it is on employment, employability, organisational management and training for industry, the development of human and social capital for economic gain and competitive edge tends to predominate. Most regions concentrate on this aspect. Where the motivation is based on the use of valuable resources, it will concentrate on volunteering, active citizenship and the building of social capital. Such an approach is not well developed in many regions and the optimum balance between economic, community and personal growth is poorly understood. Where the goal is the competent use of organisational potential a learning region will mobilise all its stakeholder institutions as partners in the service of the region as a whole. Here, very little is understood or implemented. This article argues that all of these approaches and others in the fields of environment, personal and cultural growth, innovation, diversity and communication are a holistic part and parcel of learning region development. Its meaning and its characteristics will become clear as it charts the development of ideas about learning regions, particularly those that have occurred during the past 20 years. It suggests the existence of a paradigm shift at work , the age of education and training, which has served us well in the late 20th century in satisfying the needs of a growing, upwardly mobile proportion of the population, has now given way to the era of lifelong learning, in which the means, the tools and techniques are employed to target and motivate everyone in a city, town or region. Those regions that achieve this nirvana will be the winners in the apparent paradox that intelligent local action leads to success in a globalised world, a version of the concept of ,glocalisation' coined by Robertson (1995). [source] Is trait-Emotional Intelligence simply or more than just a trait?EUROPEAN JOURNAL OF PERSONALITY, Issue 4 2004Karen van der Zee The present study examined the usefulness of trait-Emotional Intelligence (EI) among a sample of 1186 top managers who filled out questionnaires for Emotional Intelligence and the Big Five and were evaluated by a consultant on their competencies. Three higher-order factors were found to underlie the Bar-On Emotional Quotient Inventory (Bar-On, 1997): sense of accomplishment, empathy, and planfulness. Trait-EI was found to be substantially related to Extraversion, Agreeableness, Emotional Stability, and Autonomy. Nevertheless, the EI-factors predicted additional variance over and above the Big Five in competency to support. On the whole, top managers scored higher on the EI dimensions compared with a general population sample. High EI scores were particularly found among managers from enterprising occupational environments, that is environments dominated by activities that entail persuading and leading others to attain organizational goals or economic gain. Copyright © 2004 John Wiley & Sons, Ltd. [source] Effects of taxation for option writers: an Australian perspectiveACCOUNTING & FINANCE, Issue 1 2007Karen Alpert G180; C200; K340 Abstract Writing an option is a taxable event for Australian investors. This method of taxation penalizes investors who hold open short option positions over the tax year end by accelerating their tax liability relative to the timing of the economic gain from writing options. This paper examines the levels of open interest in the Australian Stock Exchange over the change in financial year to determine whether investors time their transactions to avoid this tax acceleration. The results show that level of open interest is lower in the last month of the financial year after controlling for non-tax determinants of option demand. [source] Comparing the perceived causes of the second Iraq war: a network analysis approachAGGRESSIVE BEHAVIOR, Issue 4 2006Umbereen Rafiq Abstract The objective of this research was to examine the representation by British students of 11 perceived causes of the invasion of Iraq. We used network analysis to develop a network of the pattern of causes that are involved. Overall most participants identified a nexus of causes that reciprocally linked religious prejudice, racism and the history of conflict in the Middle East. They identified a reciprocal link between religious prejudice and September 11th, indicating that it was a cause and effect of religious prejudice. They also supported a link between the personalities of Bush and Saddam and economic gain, and acknowledged the effect of the first Gulf war on Saddam. We also found that Muslim participants were significantly less in favour of the invasion than Christian participants, and produced different networks of the links between causes. The study demonstrates that network analysis can be used to compare and contrast representations of a political event, and thus extends its use in the study of social representations. Aggr. Behav. 32:321,329, 2006. © 2006 Wiley-Liss, Inc. [source] Managing innovative R&D teamsR & D MANAGEMENT, Issue 3 2003Hans J. Thamhain Successful R&D groups not only generate innovative ideas, but also transfers these newly created concepts through the organizational system for economic gain. While innovation is not a random process, managers often argue that R&D performance is hard to measure and even more difficult to manage. An exploratory field study into technology-oriented R&D environments determines the principle factors that influence innovation-based performance of R&D teams. The results identify specific barriers and drivers to innovative team performance and provide insight into the type of an organizational environment and managerial leadership that is conducive to innovative R&D team performance. The data further suggest that many of the performance variables have their locus outside the R&D organization. Yet, managerial leadership style, both at the R&D team level and at senior management, has significant impact on creativity that ultimately affects R&D performance. [source] Corporate engagement in processes for planetary sustainability: understanding corporate capacity in the non-renewable resource extractive sector, AustraliaBUSINESS STRATEGY AND THE ENVIRONMENT, Issue 8 2007Neil Harris Abstract In recent years corporations have come under increasing pressure from governments, consumers, investors, competitors, business partners and communities to balance their pursuit of economic gain with environmental and social concerns. Non-renewable resource extractive corporations in particular, due to their profile, visibility and activities, have come under mounting pressure to embed the concept of ecological sustainability into strategic decision-making processes and operations. In this regard, there is a growing base of evidence that describes efforts, successes and failures in the sector to meet mounting societal expectations. However, to date there has been limited explanatory research into corporate capacity to engage in processes for ecological sustainability. This paper presents an emergent explanation of the internal factors mediating corporate engagement in ecological sustainability in non-renewable resource extractive corporations in Australia. It identifies the five factors of leadership, resources, structures, culture and understanding and conceptualizes these internal factors as capacity for engagement. While all of the factors are seen as interdependent and essential, leadership is identified as the most critical. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [source] Mutual Fund Performance: Measurement and Evidence1FINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, Issue 2 2010Keith Cuthbertson C15; G11; C14 The paper provides a critical review of empirical findings on the performance of mutual funds, mainly for the US and UK. Ex-post, there are around 0-5% of top performing UK and US equity mutual funds with truly positive-alpha performance (after fees) and around 20% of funds that have truly poor alpha performance, with about 75% of active funds which are effectively zero-alpha funds. Key drivers of relative performance are, load fees, expenses and turnover. There is little evidence of successful market timing. Evidence suggests past winner funds persist, when rebalancing is frequent (i.e., less than one year) and when using sophisticated sorting rules (e.g., Bayesian approaches) - but transactions costs (load and advisory fees) imply that economic gains to investors from winner funds may be marginal. The US evidence clearly supports the view that past loser funds remain losers. Broadly speaking results for bond mutual funds are similar to those for equity funds. Sensible advice for most investors would be to hold low cost index funds and avoid holding past ,active' loser funds. Only sophisticated investors should pursue an active ex-ante investment strategy of trying to pick winners - and then with much caution. [source] Thinking about ageing issuesINTERNATIONAL SOCIAL SECURITY REVIEW, Issue 1 2002Dalmer D. Hoskins Advances in longevity and falling birth rates have a profound impact on our societies, in both the industrialized and developing worlds. Demographic ageing is causing considerable concern, if not alarm, in many circles. Yet the public debate about the future of social security is often lacking in accurate and objective information. It is easier to focus on the "burden" of ageing on society than attempt to better understand the complex, interrelated nature of the issues involved, especially the rising numbers of persons of working age who are inactive and contributing neither taxes nor social security contributions. Whether the mode of pension financing is public or private, retirement income of the non-active older population must be paid out of the economic gains of the younger working population. Social security policy is all about making plans now for future generations. This means more carefully defining the terms of the public debate, articulating more clearly the desired objectives and policies. [source] Economic and Legal Issues in Reducing the Eurosystem's Excess of International ReservesJCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 3 2004Harald Badinger Economic studies suggest that the Eurosystem's international reserves ($370 billion) could be reduced by up to half of its existing level. The article discusses the likely size and distribution of excess reserves and proposals for their uses. Small economic gains can be expected from a reserve reduction, as well as an elimination of incompatibilities and conflicts of interest between the conduct of monetary and investment policy. A careful and co-ordinated reserve reduction would pose no threat to financial stability, making it also admissible from a legal perspective against the background of Art. 31 of the ESCB (European System of Central Banks) Statute. Finally, transferring reserves as an extraordinary gain to the government does not constitute monetary financing as prohibited by Art. 101 EC Treaty. [source] Forecast accuracy and economic gains from Bayesian model averaging using time-varying weightsJOURNAL OF FORECASTING, Issue 1-2 2010Lennart Hoogerheide Abstract Several Bayesian model combination schemes, including some novel approaches that simultaneously allow for parameter uncertainty, model uncertainty and robust time-varying model weights, are compared in terms of forecast accuracy and economic gains using financial and macroeconomic time series. The results indicate that the proposed time-varying model weight schemes outperform other combination schemes in terms of predictive and economic gains. In an empirical application using returns on the S&P 500 index, time-varying model weights provide improved forecasts with substantial economic gains in an investment strategy including transaction costs. Another empirical example refers to forecasting US economic growth over the business cycle. It suggests that time-varying combination schemes may be very useful in business cycle analysis and forecasting, as these may provide an early indicator for recessions. Copyright © 2009 John Wiley & Sons, Ltd. [source] Policy dependency and reform: economic gains versus political painsAGRICULTURAL ECONOMICS, Issue 2-3 2004David R. Harvey Abstract Economic analysis condemns market intervention in favour of farmers as inefficient and ineffective, and therefore worthy of radical reform. Practical experience, however, indicates that such lessons are hard to learn and implement. Economic analysis tends to ignore the path dependencies generated by the policy evolution process. Without reform strategies that take full account of these dependencies, policy reform will continue to be reluctant, slow and frequently counter-productive. This paper reconsiders the evolution of farm policies and the economic assessment of their costs and benefits. In so doing, it re-phrases conventional economic arguments in terms which seem to accord better with sensible intuition, which may prove more accessible and credible to policymakers and advisors. The difficulties of reconciling economic efficiency with political acceptability are identified. The paper concludes with a substantial challenge to the agricultural economics profession. [source] Gains and structural effects of exploiting scale-economies in Norwegian dairy productionAGRICULTURAL ECONOMICS, Issue 2 2001Knut Løyland Dairy production; Economies of scale; Cost functions; Technical change Abstract In this paper, we present calculations of the economic gains in terms of reduced costs by exploiting scale-economies in dairy production in Norway, and the effect this would have had on the number of farms. We also explore whether or not optimal scale and unexploited scale-economies change over time due to scale-augmenting technical change. The analysis is based on homothetic cost functions estimated by means of data for individual dairy farms for the period 1972,1996. For 1972, we find that, by full exploitation of scale-economies, the costs could have been reduced by almost 40%, while the number of farms would have been reduced by more than 85%. The number of small farms has been substantially reduced in the period considered. This fact, combined with small scale-augmenting technical change, implies that the gains and structural effects of exploiting scale-economies have decreased over time. In 1996, costs could have been reduced by close to 30% by full exploitation of scale-economies, while the number of farms would have been reduced by slightly more than 70%. Thus, both gains and structural effects are substantially less than in 1972. Nevertheless, the calculated gains for 1996 make almost 5 billion NOK. This corresponds almost exactly to the total public support to the dairy farms in 1996. The unexploited scale-economies are largely due to the agricultural policy. Thus, a substantial share of the same can be considered as part of the,price' the Norwegian society has to pay for this policy. In addition, there are likely to be large hidden costs of this policy due in particular to the quota system and other direct production regulations. They imply that technical innovations and other efficiency-improving investments requiring increased production to be profitable are not carried out. This is the more likely explanation for the extremely poor efficiency development in Norwegian dairy production in the period studied. [source] The Persistence of Wives' Income AdvantageJOURNAL OF MARRIAGE AND FAMILY, Issue 4 2006Sarah Winslow-Bowe Recent reports using cross-sectional data indicate an increase in the percentage of wives who outearn their husbands, yet we know little about the persistence of wives' income advantage. The present analyses utilize the 1990 , 1994 waves of the National Longitudinal Survey of Youth 1979 (N= 3,481) to examine wives' long-term earnings advantage. Although a significant minority of women outearn their husbands in 1 year, considerably fewer do so for 5 consecutive years. The presence and persistence of wives' income advantage vary by demographic characteristics, economic and human capital measures, and over the individual and marital life course. The findings suggest caution in interpreting women's relative economic gains as signaling absolute progress toward eliminating gender inequality within marriages. [source] Economic and financial aspects of mine closureNATURAL RESOURCES FORUM, Issue 4 2001James R. Kahn Abstract Today, mine reclamation is a key component to a successful mine plan. Most of the industrialized nations have recognized the need to make mining activities relatively environmentally friendly, if they want to continue to benefit from the economic gains from mineral resource development. Countries such as the United States, Canada, Australia and South Africa are leaders in the field and have implemented relatively sophisticated legislation to ensure environmentally correct mine closure. These countries rely on a combination of strict control strategies and economic penalties to ensure compliance. Yet, from the firm's perspective, reclamation activities are counterproductive as they cut into profits. In order to attract economic development and earn much needed economic capital, most of the rest of the world, particularly the developing countries, lack effective mine closure legislation. The traditional command and control type of legislation that is sometimes used is either vague and therefore avoided, or not enforced appropriately, resulting in an undesirable level of environmental degradation. With the use of case studies from Brazil, this article shows that direct controls are effective in some instances and not in others. It proposes that economic and financial tools may be more effective than the traditional direct controls in getting firms to comply with environmental standards, particularly in developing countries where environmental compliance is more difficult to achieve. It explains the use of performance bonding as one type of economic incentive that has proven to be an effective environmental policy in mine planning and closure. The authors additionally push beyond the typical style of performance bonds to introduce a flexible bonding and insurance system that allows governments to maintain strict environmental standards but limits firms financial exposure during the mining process. Such a system learns from the successes of the industrialized countries that use performance bonding and is sensitive to the needs of developing nations to attract investment yet maintain environmental integrity. [source] Advocates in the Age of Jazz: Women and the Campaign for the Dyer Anti-Lynching BillPEACE & CHANGE, Issue 3 2003Mary Jane Brown More than three thousand people, predominantly African American males, were lynched in the United States between 1892 and 1940. Occurring mostly in the South, lynching was a means that white southerners used to enforce white supremacy and prevent African Americans from achieving political, social, and economic gains after the Civil War ended slavery. White southerners declared that the threat of black men raping white women necessitated lynching. They further argued that inaction by the courts and the black community's shielding of criminals justified mob action, theories that gained wide acceptance in the South and that were commonly accepted in the North as well. In the 1890s, black women, led by anti-lynching advocate Ida B. Wells-Barnett, began a protest against lynching that swelled into a sizable movement. Under Wells-Barnett's leadership, anti-lynching activists dismantled the theory of white women's protection and formulated a strategy of investigation and exposure that became the template for future anti-lynching drives. When the National Association for the Advancement of Colored People was founded in 1909, it made anti-lynching a priority and drew black and white women to its anti-lynching battle. By the 1920s, women 's anti-lynching activity had become essential to the NAACP's drive for federal anti-lynching legislation and its campaign for passage of the Dyer bill. NAACP secretary Walter White's reliance on women increased throughout the 1920s, and women, courted both as voters and moral authorities, achieved a new level of importance in social movements and drives for legislation. This marked the beginning of the NAACP's twenty-year struggle for federal anti-lynching legislation, a campaign in which black and white women worked cooperatively and were essential to the campaign for the Dyer bill. [source] "Roll Back Malaria, Roll in Development"?POPULATION AND DEVELOPMENT REVIEW, Issue 1 2009Reassessing the Economic Burden of Malaria Recent efforts to mobilize support for malaria control have highlighted the economic burden of malaria and the value of malaria control for generating economic development. These claims have a long history. Beginning in the early twentieth century, they became the primary justification for malaria-control programs in the American South and in other parts of the globe, including British India. Economists conducted none of these studies. Following World War II and the development of new anti-malarial drugs and pesticides, including DDT, malaria control and eradication were increasingly presented as instruments for eliminating economic underdevelopment. By the 1960s, however, economists and demographers began to raise serious substantive and methodological questions about the basis of these claims. Of particular concern was the role of rapid population growth, resulting in part from the decline of malaria mortality, in undermining the short-term economic gains achieved through malaria control. Despite these concerns, malaria continues to be presented as an economic problem in the work of Jeffrey Sachs and others, justifying massive investments in malaria control. The methodological basis of these claims is examined. The paper concludes that while malaria takes a dreadful toll in human lives and causes significant economic losses for individuals, families, and some industries, the evidence linking malaria control to national economic growth remains unconvincing. In addition, the evidence suggests that there are potential costs to justifying malaria-eradication campaigns on macroeconomic grounds. [source] Geographical mobility over the life course: motivations and implicationsPOPULATION, SPACE AND PLACE (PREVIOUSLY:-INT JOURNAL OF POPULATION GEOGRAPHY), Issue 4 2008Claudia Geist Abstract Studies of geographical mobility are typically divided into studies of residential mobility, which are assumed to be motivated by family factors, and studies of migration, which are assumed to be motivated by the opportunities for realising economic gains as a result of the move. We use a life course approach and data from the 1999,2005 March Annual Social and Economic Supplement of the Current Population Survey to investigate the age trajectories of both residential mobility and migration among American adults. We find that mobility trajectories and motivations for moves vary by economic status and family status; that quality of life motivations and family factors account for a substantial proportion of long-distance as well as short-distance moves; and that both residential mobility and migration are associated with an increased risk of economic instability and family and employment changes in the year following the move. Copyright © 2008 John Wiley & Sons, Ltd. [source] Housing costs and the geography of family migration outcomesPOPULATION, SPACE AND PLACE (PREVIOUSLY:-INT JOURNAL OF POPULATION GEOGRAPHY), Issue 4 2006Suzanne Davies Withers Abstract This paper takes a geographical approach towards assessing the ,returns' to family migration by addressing explicitly the impacts of differences in the cost of housing between the place of origin and place of destination for family migrants. While numerous studies have examined differences in labour-force participation and wages subsequent to migration, particularly on the part of wives, few studies have considered the local housing and labour market contexts of these events. This study examines the adjusted earnings outcomes resulting from migration for husbands, wives and families in the United States in the context of local housing costs. Our findings challenge the assumption of simple economic gains and instead indicate that who gains and who loses from family migration is quite complex. The geographical context of family migration is critical in determining gains and losses, and is interrelated with moves in and out of the labour market on the part of wives. Our research indicates that wives who leave the labour market after a move are very likely to have moved to a more affordable housing market. Conversely, wives are found to enter the labour market when the move is to a more expensive housing market. For this group, wives' earnings considerably mitigate the impact on overall family earnings. This paper provides an important contribution to understanding family migration by positioning the analysis of migration outcomes within the context of labour markets and local housing market costs. Copyright © 2006 John Wiley & Sons, Ltd. [source] Effects of density and food ration on the growth rate, mortality and biomass return of abalone in slab tanksAQUACULTURE RESEARCH, Issue 13 2009Matthew Wassnig Abstract We determined how varying stocking density and food ration can influence the growth, mortality and biomass return of abalone raised in slab tanks. The abalone used were 2- year-old hybrids of Haliotis laevigata and Haliotis rubra. The experimental design involved replicate tanks and three levels of each factor (normal practice and ±20% density or food ration). Although increasing density from that typically used in farm practices reduced the growth rate by roughly 6%, biomass return increased by 15.5%, over the 9-month period. Increasing feed ration by 20% boosted biomass by significantly increasing abalone growth during the first 3 months by 4%, but was less effective as the animals grew. Growth, mortality and food conversion ratios were optimized in tanks with a low density and a low feed ration, but economic gains were dominated by the increased biomass return from tanks with a higher stocking density. It is thought that reduced dissolved oxygen and differing access to food contributed to the patterns observed. [source] Trade Reform and Manufacturing Pricing Behavior in Four Archetype Asia-Pacific Economies*ASIAN ECONOMIC JOURNAL, Issue 2 2005Rod Tyers F12; F14; N75 General equilibrium models are constructed of four Asia-Pacific economies that differ according to their levels of development, the comparative sizes of their manufacturing sectors and their patterns of comparative advantage and trade protection. The countries chosen are Australia, an industrialized importer of manufactures; Japan, an industrialized exporter; the Philippines, a developing importer; and the Republic of Korea, a developing exporter. Manufacturing industries are characterized as comprising identical oligopolistic firms producing homogeneous goods that are differentiated from competing imports. Oligopoly behavior notwithstanding, trade reforms are found to yield conventional results in that net economic gains are small while implicit transfers are substantial. More competitive (non-collusive) pricing by oligopolistic firms, which might be achieved through reform of competition law and trade practices surveillance, yields larger net gains and these gains tend to accrue to all domestic primary factors. Such reforms also yield substantial interaction between oligopoly behavior and economic and industrial structure. [source] TAXING TIMES: STATE-LED INCOME REDISTRIBUTION IN NEW ZEALAND'S ,GOLDEN AGE'AUSTRALIAN ECONOMIC HISTORY REVIEW, Issue 3 2006Article first published online: 20 OCT 200, James Reveley income redistribution; labour; net-tax; New Zealand Welfarism has been posited as central to how the state fostered the integration of the working class into the post-war economic order. However, analysis of national accounts data from 1949 to 1975 shows that New Zealand's welfare state redistributed income primarily from one fraction of the working class to another. That is, wage-earners financed their own collective consumption. This finding suggests that system integration effects of state welfare expenditure are predicated less on economic gains that accrue to labour, than they are on state-sponsored welfare discourse. Future research should therefore concentrate on both economic and discursive aspects of the welfare state. [source] Impact of research investment on Cassava production technologies in India,AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 3 2009Tavva Srinivas The present study was an ex-post assessment done to validate past funding on cassava research, based on economic surplus approach. Though cassava was introduced as a food crop in Kerala, India from Brazil, it has changed its status to commercial crop at present in Tamil Nadu and Andhra Pradesh states. This was made possible due to intensive research and development efforts of different R&D organizations. Cassava technologies developed enabled in sustaining the crop in the country with the world's highest productivity. All the cassava production technologies considered in the study resulted in an economic surplus of Rs.3585.87 million in the target domain covering Kerala, Tamil Nadu and Andhra Pradesh. Consumers and producers benefited to the tune of Rs.2090.64 million and Rs.1495.23 million respectively. Net present value of economic gains was estimated to be Rs.3548.76 million. Present value of research investment on cassava production technologies was Rs.37.11 million resulting in benefit cost ratio of 96.63:1 with a high internal rate of return of 104 per cent. Thus the study indicated that the research investments incurred on cassava production technologies development was highly economical and provided evidence to the policy makers that supporting the research investment on underground, under exploited tropical root crops like cassava is an economically viable proposition. [source] Sustainable tourism in Greek islands: the integration of activity-based environmental management with a destination environmental scorecard based on the adaptive resource management paradigmBUSINESS STRATEGY AND THE ENVIRONMENT, Issue 1 2010Benjamin Karatzoglou Abstract Tourism is a major industry that can lead to economic gains as well as to degraded environment and social infrastructure. Tourism has the potential to destroy the available common environmental resources through overuse and poor management practices, as limited information disclosure and poor monitoring of actions encourage the perpetuation and extension of environmental problems. Based on the adaptive resource management paradigm for addressing problems related to the use of the commons, this paper suggests a methodology for the development of a management tool that can provide island hotels with a continuous flow of timely, relevant, accurate and objective information on the environmental impact of critical corporate activities. The tool, named the destination environmental scorecard (DES), draws on activity-based management concepts and can help local hotel SMEs measure and compare their performance against certain standards and thus conduct operations in a responsible and measurable way to the benefit of both business financial performance and regional sustainability. The paper presents the DES operational characteristics and the potential benefits from its implementation. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment. [source] The Financial Performance of Low-Cost and Full-Service Airlines in Times of CrisisCANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES, Issue 1 2005Triant Flouris This paper examines the stock and accounting performance of three major airlines in the United States in the aftermath of the September 11, 2001, terrorist attacks. September 11 (9/11) resulted in dramatic changes in the airline industry and had significant implications for the economic gains and future prospects of most airlines. Our study focuses on the stock market's perception of the viability of low-cost versus full-service business models in the aftermath of 9/11. We choose Southwest Airlines as a typical low-cost airline and compare its accounting and stock performance to two full-service airlines, Continental and Northwest. We find that Southwest's performance was highly superior to that of Continental and Northwest and argue that Southwest's business model, in the eyes of investors, provides the firm with significantly more financial and operational flexibility than full-service airlines. Southwest's lower operating costs, consumer trust, product offering, corporate structure, workforce and work practices, as well as operational procedures are all factors that appear to contribute to Southwest's relative success. Résumé Cet article étudie la performance boursière et comptable de trois grands transporteurs aériens opérant aux États-Unis au lendemain des attentats du 11 septembre 2001. Ces événements ont entraîné des changements radicaux dans l'industrie du transport aérien et ont eu des répercussions considérables sur les gains économiques de la plupart des compagnies aériennes. Notre étude compare la viabilité des modèles d'entreprise à bas prix à celle des modèles traditionnels, au lendemain de l'attaque terroriste. Nous avons choisi Southwest Airlines comme l'exemple type de transporteur aérien pratiquant des bas prix et nous comparons sa comptabilité et le rendement de son action à ceux de deux transporteurs aériens à service complet, notamment Continental et Northwest. Nous constatons que le rendement de Southwest est de loin supérieur à celui de Continental et de Northwest. Nous montrons que, d'après les investisseurs, le modèle de gestion de Southwest lui donne beaucoup plus de flexibilité financière et opérationnelle que le modèle de gestion pratiqué par les transporteurs aériens traditionnels. La faiblesse de ses charges d'exploitation, la confiance des consommateurs, son offre de produits, sa structure d'organisation, son effectif, ses pratiques de travail, ainsi que ses méthodes opérationnelles sont autant d'éléments qui semblent contribuer au succès relatif de Southwest. [source] | |||||||||||||||||||||||||||||||