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Topic Review
Profit Maximization for Carsharing Services
This research considers building a dynamic model of profit maximization for a carsharing system and its verification based on the case of implementing such a system in Astana, Republic of Kazakhstan. The region, bounded by the administrative boundaries of Astana, was divided into subregions that covered the region with regular hexagons placed side by side.
  • 218
  • 31 Jul 2023
Topic Review
Productivity Improving Technologies
The productivity improving technologies are the technological innovations that have historically increased productivity. Productivity is often measured as the ratio of (aggregate) output to (aggregate) input in the production of goods and services. Productivity is increased by lowering the amount of labor, capital, energy or materials that go into producing any given amount of economic goods and services. Increases in productivity are largely responsible for the increase in per capita living standards.
  • 1.4K
  • 23 Nov 2022
Topic Review
Product Claim and Negative Word of Mouth
Electronic word-of-mouth (eWOM) messages about product sustainability have gotten the attention of scholars, who have shown that information related to sustainability significantly influences consumers’ intention to purchase products. eWOM is a positive or negative statement about a product available to society and institutions or the company that makes the product by someone who has used it. It has a great influence on consumers’ purchasing decisions.
  • 343
  • 24 Feb 2022
Topic Review
Probability of Visiting a Protected Natural Space
Following the definition of the International Union for Conservation of Nature (IUCN), a protected area is a “clearly defined geographically space which is clearly defined, recognized and managed by legal means or other efficient means so as to achieve long-term nature conservation, the ecosystem services, and the associated cultural values”.  Protected areas are essentially governance systems with spatially defined areas with natural as well as cultural attributes and services managed by a group of players with different roles and institutional frameworks. These areas are organized in accordance with a variety of natural and spatial attributes that determine the conservation objectives, the protection categories, and the human activities permitted.
  • 253
  • 22 Jul 2022
Topic Review
Proactive Contracting
Proactive Contracting is akin to Proactive Law and focuses on the same properties, namely to prevent problems and promote relationships. The legal area of research developed in Scandinavia in the 1990s and has gradually gained attention. Proactive Contracting deals with Contract Management, Relational Management, Risk Management and Business Process Management. The word proactive is the opposition to reactive and refers to acting in anticipation of future problems, needs, or changes. A survey conducted by IACCM shows that businesses urge a paradigm shift in contracting, favoring a more relational approach. Thus, the focus of future contracting becomes more relational. Businesses may therefore face increased complexity as trading is done not only across physical boundaries, but also across religious, cultural, and ethical boundaries. The IACCM survey has underpinned the need for re-thinking contracts and the approach to business relationships, as international, and long relationships, make it hard to draft and agree upon every single event that might occur in the future. Proactive Contracting is moving away from the path of responding to these complex relationships with complex contracts. However, as it is hard to imagine realistic alternatives to contracts, Proactive Contracting suggest businesses to change perception of contracts to meet the needs of the future. Add to this the increased complexity of products due to technological evolution and it becomes clear that businesses need to actively deal with the danger of increasing complexity and uncertainty. In fact, a survey conducted by IBM Corporation revealed that 79% of Chief Executive Officers (CEOs) see increased global complexity as a major challenge over the coming years. As the legal framework increases in complexity, it becomes apparent that there is a need for creating certainty in order to support future trading. Businesses need to manage this complexity in order to avoid unnecessary losses, but also in order to exploit all the possibilities deriving from global interaction. Empirical studies on contracting capabilities and research on dynamic capabilities have shown that promoting proactive behavior in businesses is a key in the quest of future success. As globalization increases, sustainability and certainty become more urgent, resulting in decentralization of the traditional legal environment. The reason for this decentralization is that the traditional legal environment does not fulfill the task of creating the certainty and sustainability that businesses need in order to prosper. After the launch of the United Nations Decade of Education for Sustainable Development, mechanisms have evolved through which future development is achieved. According to these mechanisms, a sound development must be focusing on ethically acceptable, morally fair and economically sound processes. Management tools for global value chains have already been developed, and focus is especially on self- and private regulation instruments and standards - this is where proactive contracting and proactive law is coming to the fore.
  • 729
  • 08 Nov 2022
Topic Review
Pro-Environmental Determinants of Waste Separation
Sustainable practices should include proper incentives and involve a large part of the population to achieve a significant environmental impact. Human capital is considered one of the factors that affect pro-environmental behaviours: more educated people tend to be more aware of waste management processes. Another factor is social capital, as far as the feeling of belonging to a society might involve people in adopting sustainable practices.
  • 112
  • 27 Dec 2023
Topic Review
Privatization in Australia
Privatization in Australia is the process of transiting a public service or good to the private sector through a variety of mechanisms that was commenced by the Federal Government in the 1990s, receiving bipartisan support. More generally, privatization is a set of economic policies that is part of a broader system of deregulation of government services, underpinned by the ideology of neoliberalism, in order to achieve economic outcomes of growth, efficiency and productivity. Some examples of sectors that have been privatized include finance, telecommunications and infrastructure. Australia's public service has also transformed with the introduction of New Public Management (NPM) in the late twentieth century which altered public administration models to appear more "business-like" through performance evaluations that emphasize efficiency, productivity and service delivery. Another definition of privatization is reliance on "more on private institutions and less on government, to satisfy people’s needs”. The concept of privatization can be construed in a narrow or broad sense. The narrow scope of privatization is portrayed as the sale of public goods, while the broader understanding of privatization involves the transfer of "ownership, management, finance and control" of public goods to private actors. Historically, the Australian government played an influential role in society as the idea of a strong state was prevalent to the Australian story since Federation. This changed in the twentieth-century, as Australia’s adoption of privatization as a set of government policies, reflected the rise of privatization across the Western world, specifically in the United States and United Kingdom. The Australian experience of privatization involves substituting government ownership, provision and funding to the private sector, in an attempt to liberalize the economy. The effectiveness of such policies is contested, as the motivations of privatization are widely debated.
  • 1.5K
  • 17 Oct 2022
Topic Review
Private Forest Purchase Method
       South Korea's policy to expand national forests is implemented through the purchase of private forests. However, several problems are found in this process.
  • 591
  • 03 Nov 2020
Topic Review
Private Equity Secondary Market
In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive. Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds. By its nature, the private equity asset class is illiquid, intended to be a long-term investment for buy-and-hold investors, including "pension funds, endowments and wealthy families selling off their private equity funds before the pools have sold off all their assets". For the vast majority of private equity investments, there is no listed public market; however, there is a robust and maturing secondary market available for sellers of private equity assets. Buyers seek to acquire private equity interests in the secondary market for multiple reasons. For example, the duration of the investment may be much shorter than an investment in the private equity fund initially. Likewise, the buyer may be able to acquire these interests at an attractive price. Finally, the buyer can evaluate the fund's holdings before deciding to purchase an interest in the fund. Conversely, sellers may seek to sell interest for various reasons, including the need to raise capital, the desire to avoid future capital calls, the need to reduce an over-allocation to the asset class or for regulatory reasons. Driven by strong demand for private equity exposure over the past decade, a vast amount of capital has been committed to secondary market funds from investors looking to increase and diversify their private equity exposure.
  • 1.1K
  • 28 Sep 2022
Topic Review
Private Equity Growth Capital Council
The American Investment Council (AIC), formerly the Private Equity Growth Capital Council (PEGCC), is a lobbying, advocacy, and research organization based in Washington, D.C., that was launched by a consortium of private equity firms in February 2007. It focuses on defending and promoting the private equity and growth capital investment industry to lawmakers and the public at large. Its members include some of the world's largest private equity firms.
  • 700
  • 05 Nov 2022
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