Topic Review
Accountability in the Social Economy
The great demands of stakeholders and the high importance of private social solidarity institutions (IPSS) (acronym in Portuguese, standing for Instituições Particulares de Solidariedade Social) in the Portuguese socio-economic panorama make the transparency and increased accountability (social, financial and economic) of these institutions imperative. In the same sense, Tomé, Bandeira, Azevedo and Costa reinforced that it is necessary to promote the evaluation of results and their disclosure to help to increase their accountability. Decree-Law no.172-A/2014 established a financial supervision model, applicable to IPSS, based on demanding imperative rules, with the view to increasing the accountability of the management of these entities, placing strong pressure for greater accountability (social and corporate responsibility of IPSS’ managers) for their members, funders, users and citizens in general.
  • 877
  • 24 Jan 2022
Topic Review
Historical Development of the Fair Value Model
The use of fair value (F.V.) can help businesses obtain more up-to-date financial information on how they are doing and make financial reporting more transparent than traditional accounting methods. It also poses many problems for auditors because they have to make detailed estimates and adjustments when they look at the assets and liabilities of a company. Because “Fair Value Measurements (F.V.M.s)” are based on the current prices, certain assets and liabilities were not evaluable because there were not enough efficient markets for them. There is an “agency problem” between managers and owners, which means more incentives for managers to manipulate and misrepresent financial information.
  • 876
  • 09 Sep 2022
Topic Review
Innovation Capacity in Developing Countries
Innovation is an intrinsic capacity of humankind, enabling the adaptation to changes and managing probable solutions to problems regarding its welfare or its surroundings. It constitutes a key driver of sustainable growth. Moreover, innovation capacity is among the dynamic capacities leading to achieving a competitive and sustainable advantage. Hence, by adopting innovative and R&D practices, a country might enhance its growth and competitiveness, particularly for a developing country. In addition, it encompasses diverse perspectives, e.g., organizational capacity, public capacity, regional capacity, national capacity, among others. Therefore, many public and private organizations have focused their efforts on identifying and quantifying the variables that determine the innovation capacity of a country. Various mechanisms have been proposed to assess this capacity, such as the national innovation capacity, Global Innovation Index (GII), Global Competitive Index (GCI) , or European Innovation Scoreboard (EIS). These mechanisms aim at providing an objective measurement of the performance of a country regarding innovation capacity or innovation as a means to competitiveness. Each one of these presents a particular set of determinants, methods, and interpretations to assess innovation.
  • 876
  • 05 Jul 2022
Topic Review
William Jennings Bryan Presidential Campaign, 1896
In 1896, William Jennings Bryan ran unsuccessfully for President of the United States. Bryan, a former Democratic congressman from Nebraska, gained his party's presidential nomination in July of that year after electrifying the Democratic National Convention with his Cross of Gold speech. He was defeated in the general election by the Republican candidate, former Ohio governor William McKinley. Born in 1860, Bryan grew up in rural Illinois and in 1887 moved to Nebraska, where he practiced law and entered politics. He won election to the House of Representatives in 1890, and was re-elected in 1892, before mounting an unsuccessful US Senate run. He set his sights on higher office, believing he could be elected president in 1896 even though he remained a relatively minor figure in the Democratic Party. In anticipation of a presidential campaign, he spent much of 1895 and early 1896 making speeches across the United States; his compelling oratory increased his popularity in his party. Bryan often spoke on the issue of the currency. The economic Panic of 1893 had left the nation in a deep recession, which still persisted in early 1896. Bryan and many other Democrats believed the economic malaise could be remedied through a return to bimetallism, or free silver—a policy they believed would inflate the currency and make it easier for debtors to repay loans. Bryan went to the Democratic convention in Chicago as an undeclared candidate, whom the press had given only a small chance of becoming the Democratic nominee. His 'Cross of Gold' speech, given to conclude the debate on the party platform, immediately transformed him into a favorite for the nomination, and he won it the next day. The Democrats nominated Arthur Sewall, a wealthy Maine banker and shipbuilder, for vice president. The left-wing Populist Party (which had hoped to nominate the only silver-supporting candidate) endorsed Bryan for president, but found Sewall unacceptable, substituting Thomas E. Watson of Georgia. Abandoned by many gold-supporting party leaders and newspapers after the Chicago convention, Bryan undertook an extensive tour by rail to bring his campaign to the people. He spoke some 600 times, to an estimated 5,000,000 listeners. His campaign focused on silver, an issue that failed to appeal to the urban voter, and he was defeated. The 1896 race is generally seen as a realigning election. The coalition of wealthy, middle-class and urban voters that defeated Bryan kept the Republicans in power for most of the time until 1932. Although defeated in the election, Bryan's campaign made him a national figure, which he remained until his death in 1925.
  • 873
  • 26 Dec 2022
Topic Review
External Costs of Inland Transport
Sustainable transport, such as using inland waterway transport (IWT), represents a major pillar of the European Green Deal to reduce global warming. To evaluate the different inland transport modes (road, rail, IWT), it is crucial to know the external costs of these modes.
  • 873
  • 27 Oct 2020
Topic Review
GuideStar
GuideStar USA, Inc. is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations. GuideStar was one of the first central sources of information on U.S. nonprofits and is the world's largest source of information about nonprofit organizations. GuideStar was founded in Williamsburg, Virginia in September 1994 and received tax-exempt status in 1996, the same year the company began posting nonprofit organizations' financial reports to the World Wide Web. GuideStar also serves to verify that a recipient organization is established and that donated funds go where the donor intended for individuals looking to give in the wake of disasters. In 2013, GuideStar announced major changes to its GuideStar Exchange program, which allows nonprofits to supplement the public information that is available from the IRS. GuideStar Nonprofit Profiles implemented three seals based on the information a nonprofit provides in its profile: Bronze, Silver, and Gold. In 2016, a new seal that allowed nonprofits to share progress and results for their mission, GuideStar Platinum, was introduced.
  • 868
  • 28 Nov 2022
Topic Review
Business Process Outsourcing
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca-Cola that outsourced large segments of its supply chain. BPO is typically categorized into back office outsourcing, which includes internal business functions such as human resources or finance and accounting, and front office outsourcing, which includes customer-related services such as contact centre services. BPO that is contracted outside a company's country is called offshore outsourcing. BPO that is contracted to a company's neighbouring (or nearby) country is called nearshore outsourcing. Often the business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service. Knowledge process outsourcing (KPO) and legal process outsourcing (LPO) are some of the sub-segments of business process outsourcing industry.
  • 866
  • 18 Oct 2022
Topic Review
Digitalization of CSR during the COVID-19 Pandemic
The COVID-19 pandemic has become a global problem since first appearing in 2020. Not only does it heavily affect the health sector, but it also spreads to other sectors such as social, economic, and education. Studies have shown that many global companies, including those based in Indonesia, contribute to the global pandemic mitigation by implementing Corporate Social Responsibility (CSR) programs. So far, the implementation of CSR is mainly focused on providing food, medicines, and vitamins, as well as medical facilities and equipment. On the other hand, other reviewed studies showed that the pandemic has transformed the CSR implementation from offline to online, also known as CSR digitalization. The limitation in mobility and strict social distancing rules by the government have resulted in this emergence of CSR digitalization initiatives.
  • 864
  • 07 Mar 2022
Topic Review
Depression of 1920–21
The Depression of 1920–21 was a sharp deflationary recession in the United States and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. The extent of the deflation was not only large, but large relative to the accompanying decline in real product. There was a two-year post–World War I recession immediately following the end of the war, complicating the absorption of millions of veterans into the economy. The economy started to grow, but it had not yet completed all the adjustments in shifting from a wartime to a peacetime economy. Factors identified as contributing to the downturn include returning troops, which created a surge in the civilian labor force and problems in absorbing the veterans; a decline in labor union strife; changes in fiscal and monetary policy; and changes in price expectations. Following the end of the depression, the Roaring Twenties brought a period of economic prosperity.
  • 863
  • 18 Oct 2022
Topic Review
Bell Ihua
Dr. Bell Ihua (born Ugwushi Bellema Ihua, December 20, 1979) is the Executive Director at Africa Polling Institute (API), an independent, non-profit and non-partisan public opinion think-tank, which conducts opinion polls, surveys, social research and evaluation studies at the intersection of democracy, governance, economic conditions and public life. He is a seasoned social researcher, public opinion pollster, survey expert, management consultant, and adjunct professor. Dr. Ihua is involved in the general management of the Institute's day-to-day operations. Prior to joining API, he was CEO of Nigeria's premier opinion polling company, NOI Polls Limited. He also served as Principal Consultant at DBI Analytics Consulting; and currently serves on the Boards of SMYLE Africa Group and Dumena Code Academy.
  • 863
  • 02 Oct 2022
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