Economic capital
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The Human Capital Hoax: Work, Debt and Insecurity in the Era of Uberization Open
Human capital theory – developed by neoclassical economists like Gary Becker and Theodore Schultz – is widely considered a useful way to explain how employees might enhance their value in organizations, leading to improved skill, autonomy …
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Administrative Capital and Citizens’ Responses to Administrative Burden Open
Administrative burden research has highlighted the multiple costs imposed by public policies and their impact on citizens. However, the empirical understanding of citizens’ responses to such burdens remains limited. Using ethnographic data…
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Private Capital Flows, Financial Development, and Economic Growth in Developing Countries Open
An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth. Proponents of capital account liberalization cite the growth-pr…
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Translating green strategic intent into green process innovation performance: the role of green intellectual capital Open
Purpose Many firms struggle to implement strategies that can successfully enhance the environmental sustainability of their processes. Drawing on the theories of green intellectual capital and complementary assets, this study develops a mo…
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Intellectual capital efficiency and organisational performance Open
Purpose The purpose of this paper is to, the first of its kind, investigate the relationship between the intellectual capital efficiency and organisational performance of the pharmaceutical sector in Bangladesh, an emerging economy that en…
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Enterprise Risk Management and the Cost of Capital Open
Enterprise risk management (ERM) is a process that manages all risks in an integrated, holistic fashion by controlling and coordinating any offsetting risks across the enterprise. This research investigates whether the adoption of the ERM …
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Measures of Systemic Risk Open
Systemic risk refers to the risk that the financial system is susceptible to\nfailures due to the characteristics of the system itself. The tremendous cost\nof systemic risk requires the design and implementation of tools for the\nefficien…
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Linking Innovative Human Capital, Economic Growth, and CO2 Emissions: An Empirical Study Based on Chinese Provincial Panel Data Open
To study the economic and environmental effects of human capital, previous studies measure human capital based on education; however, this approach has many shortcomings because not all educated people are innovative human capital. Hence, …
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Social capital and its effect on business performance in the Nigeria informal sector Open
This study was aimed at investigating the effect of internal and external social capital on the financial and non-financial performance of businesses in the Nigerian informal sector. The study further investigated the controlling role of f…
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SECTORAL ANALYSIS OF THE EFFECTIVENESS OF BANK RISK CAPITAL IN THE VISEGRAD GROUP COUNTRIES Open
Bank risk capital (capital at risk) is identified with the value of banks’ own funds maintaining to absorb potential losses and protect against insolvency. It is calculated for the capital adequacy ratios, recommended by the Basel Committe…
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Social capital and economic growth in the regions of Europe Open
Social capital is an important factor explaining differences in economic growth among regions. However, the key distinction between bonding social capital, which can lead to lock-in and myopia, and bridging social capital, which promotes k…
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Social capital: exploring the theory and empirical divide Open
Social capital is an expanding research theme in economics, but it remains a controversial concept and its use as an analytical tool has been questioned. The criticisms are exacerbated by a mismatch between theoretical coverage of the conc…
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Cooperatives and Social Capital: A Narrative Literature Review and Directions for Future Research Open
How cooperatives generate and absorb social capital has attracted a great deal of attention due to the fact that they are collective organizations owned and democratically managed by their members, and, accordingly, are argued to be closel…
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Rethinking capital structure decision and corporate social responsibility in response to COVID‐19 Open
COVID‐19 has severely constricted global economic activities. This paper examines the joint effect of capital structure and corporate social responsibility (CSR) activities on firm risk during the COVID‐19 pandemic. We find that firms havi…
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Financial Analysts and Their Contribution to Well-Functioning Capital Markets Open
Well-functioning capital markets rely on a complex set of institutions and participants that ensure capital is allocated to its best possible use, and that information flows between firms receiving capital and the investors who provide it.…
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Capital Structure Theory: An Overview Open
Capital structure is still a puzzle among finance scholars. Purpose of this study is to review various capital structure theories that have been proposed in the finance literature to provide clarification for the firms’ capital structure d…
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Social Capital, Human Capital, and Sustainability: A Bibliometric and Visualization Analysis Open
Academic interest in social and human capital is growing significantly. Similarly, their relationship with sustainability is increasing, especially compared to sustainability’s relationship with natural capital and financial and economic c…
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Same same, but different: Varieties of capital markets, Chinese state capitalism and the global financial order Open
Since 2009, China’s capital markets have developed and internationalized to an unprecedented degree, which has contributed to a lot of debates on China’s rise and its implications for the global financial order. Contributing to these debat…
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How does cultural capital affect educational performance: Signals or skills? Open
In this paper, we test two mechanisms through which cultural capital might affect educational performance: (a) teachers misinterpreting cultural capital as signals of academic brilliance and (b) cultural capital fostering skills in childre…
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Energy Sector Risk and Cost of Capital Assessment—Companies and Investors Perspective Open
This paper aims to identify the costs of capital in a group of companies from the energy sector by including an investor and market risk approach. The study also concerns the company’s Weighted Average Cost of Capital (WACC) cost intra-ind…
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Social capital across the life course: Accumulation, diminution, or segregation? Open
This study examines changes in individual social capital during adult life within a 19-year period. Social capital theory and life course theory are combined, and it is argued that changes in social networks do not necessarily go together …
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Construction and operationalisation of an Employability Capital Growth Model (ECGM) via a systematic literature review (2016–2022) Open
This paper aims to conceptualise and operationalise an Employability Capital Growth Model (ECGM) via a systematic literature review of 42,558 manuscripts from Web of Science and Scopus databases published between 2016 and 2022 from the fie…
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Capital Regulation and Bank Risk-Taking Behavior: Evidence from Pakistan Open
In response to the global financial crisis of 2007–2009, risk-based capital requirements have been reinforced in the new Basel III Accord to counter excessive bank risk-taking behavior. However, prior theoretical as well as empirical liter…
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International and market-specific social capital effects on international opportunity exploitation in the internationalization process Open
We develop theory stating that international and market-specific social capital are two distinct forms of social capital which both increase international opportunity exploitation. We also argue that market-specific social capital mediates…
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The dark side of social capital: a contextual perspective Open
This paper aims to provide a brief review of the much neglected ‘dark side’ of social capital. To highlight the contextual nature of social capital by way of examples from different geographies, we draw attention to the potentially detrime…
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Does corporate social responsibility engagement benefit distressed firms? The role of moral and exchange capital Open
Extant literature supports the view that Corporate Social Responsibility (CSR) engagement could potentially act as a risk mitigation device. We extend this literature to address the issue of whether CSR engagement could benefit firms which…
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The Effect of Financial Risk Management on the Financial Performance of Commercial Banks in Kenya Open
An efficient risk management system is the need of time. Managing risk is one of the basic tasks to be done, once it has been identified and known. The risk and return are directly related to each other, which means that increasing one wil…
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The Trouble with Human Capital Theory Open
Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of ‘human capital’. The idea is that human capital makes people more productive, which …
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Human Capital in SMEs Life Cycle Perspective Open
In tandem with globalization and rapid changes in technology, the role of SMEs in enhancing economy development and employment becomes more crucial despite resource constraints. The emergence of a knowledge economy requires SMEs to be embe…
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Bank risk and performance in an emerging market setting: the case of Bangladesh Open
Purpose This study aims to investigate the impacts of bank capital requirements on the performance and risk of the emerging economy, i.e. Bangladeshi banking sector. Design/methodology/approach The study applies an unbalanced panel data wh…