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The Institute of Accounts (Routledge New Works In Accounting History Ser. #Vol. 1)
by Stephen E. Loeb Paul J. MirantiThis book focuses upon the Institute of Accounts (IA), an organization to which the modern United States accounting profession can trace its roots. The IA was organized in the early 1880s in New York City and, as discussed in this book, attracted a diverse membership that included some of the leading accounting thinkers of the period. The Institute
Institutional Activism in Corporate Governance: Qualified Foreign Institutional Investors in China
by Wenge WangUsing both qualitative and quantitative methods, this book examines whether qualified foreign institutional investors (QFIIs), through their shareholder activism, have a meaningful positive impact on the corporate governance of firms listed on the mainland Chinese stock market. Capital flows into and out of China are still subject to tight controls, and the QFII scheme is one important avenue through which QFIIs can become invested in the Chinese stock market. This book is an invaluable resource for anyone interested in learning about ways to invest in one of the world’s largest economies. Wang discusses in depth what specific opportunities, challenges and restrictions to expect in the process, and how investing in China differs from investing in countries with a more open capital account.
Institutional Adjustment for Economic Growth: Small Scale Industries and Economic Transition in Asia and Africa (Routledge Revivals)
by Per Ronnas Örjan Sjöberg Maud HemlinFirst published in 1998, this volume focuses on the special category of countries popularly referred to as ‘transition economies’ through an analysis of small and medium sized enterprises (SMEs) and their role in Asian economies, with a view to assessing whether they could or should provide a model for African countries. The present volume explores the institutional peculiarities displayed by ‘transition economies’. These are economies which are undergoing a comprehensive and fundamental societal transformation with a view to creating a utopian communist society within the frame of a centrally administered economy, then a pluralistic society based on a market economy and the rule of law. Much of the debate on the economic performance of African LCD's has focused on informal sector activities or on the imperative to achieve structural adjustment. By highlighting instead the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book moves beyond the above issues. It argues that institutional adjustment is critical to the prospects for success in developing transition economies. As such the book investigates the transaction costs environment within which small-scale industrial activities are set. By drawing extensively on the Asian experience, (predominantly China and Vietnam but also India and Taiwan), it identifies sources of transaction costs by examining not only the transactional disadvantages of small-scale production, but also the past and present sources of institutional inefficiency.
Institutional Advancement
by Eve Proper Timothy C. CaboniInstitutional Advancement reviews published empirical research on advancement in higher education, 1991-2013, and explores the field of higher education administration known as institutional advancement, a field that includes fundraising, alumni relations, public relations and marketing. Also called "development," this branch of the administrative apparatus is responsible for communicating with the public and raising support, both financial and attitudinal. Proper and Caboni ask why donors give, and scrutinize the effects of fundraising, ethics, the role of leadership in advancement, history, and public relations on the institution. A primer on the state of the field and a useful tool for advancement researchers, this extensive compilation of literature continues the groundbreaking work of The Campus Green and opens the door for a new generation of leaders and research scholars.
Institutional Analysis and Praxis
by Wolfram Elsner Scott Fullwiler Tara NatarajanThe Social Fabric Matrix Approach (SFM-A) is a rigorous and holistic methodology for undertaking policy-relevant, complex systems research. This book contains both extensive applications of the SFM-A to contemporary issues and chapters that embed applied research in relevant theoretical, philosophical, and methodological frameworks. It offers a balance of applications through case studies across regions and topics that span areas of finance, development, education, and environment, to name a few. This book creates new ways of using the SFM and forges previously unexplored connections between institutional economics and other areas of study such as financial markets, micro credit, political economy and sustainable development, thus contextually refining the SFM-A. This book complements F. Gregory Hayden's Policymaking for a Good Society: The Social Fabric Matrix Approach to Policy Analysis and Program Evaluation.
Institutional and Organizational Analysis: Concepts and Applications (New Approaches to Economic and Social History)
by Eric Alston Lee J. Alston Bernardo Mueller Tomas NonnenmacherWhat explains the great variability in economic growth and political development across countries? Institutional and organizational analysis has developed since the 1970s into a powerful toolkit, which argues that institutions and norms rather than geography, culture, or technology are the primary causes of sustainable development. Institutions are rules that recognized authorities create and enforce. Norms are rules created by long-standing patterns of behavior, shared by people in a society or organization. They combine to play a role in all organizations, including governments, firms, churches, universities, gangs, and even families. This introduction to the concepts and applications of institutional and organizational analysis uses economic history, economics, law, and political science to inform its theoretical framework. Institutional and organizational analysis becomes the basis to show why the economic and political performance of countries worldwide have not converged, and reveals the lessons to be learned from it for business, law, and public policy.
Institutional and Organizational Economics: A Behavioral Game Theory Introduction
by Tore EllingsenWhy do some countries succeed while others struggle? Why are some firms profitable while rivals fail? Why do some marriages thrive and others end in divorce? These questions seem unrelated, but societies, companies, and marriages have one important thing in common: they involve more than one individual. They thus face the same fundamental challenges. How can people be made to help rather than hurt each other? How can they use sacrifice, cooperation, and coercion to promote the common good? In this introductory text, Tore Ellingsen equips readers to answer essential questions around the success and failure of humans in groups, drawing on behavioral game theory, psychology, and sociology. He emphasizes how other-regarding preferences such as altruism and dutifulness matter for societies’ prosperity, and analyzes the role of culture in the form of shared values and understandings. One lesson is that cooperation is facilitated when people anticipate that they will hold common memories of past behavior, especially if agreements take precedence over leaders’ authority. A groundbreaking text, Institutional and Organizational Economics is essential reading for students and scholars of economics, political science, sociology, and public administration.
Institutional and Social Innovation for Sustainable Urban Development (Routledge Studies in Sustainable Development)
by Harald A. Mieg Klaus TöpferWhich new institutions do we need in order to trigger local- and global sustainable urban development? Are cities the right starting points for implementing sustainability policies? If so, what are the implications for city management? This book reflects the situation of cities in the context of global change and increasing demands for sustainable development. The book introduces core findings, new methods, and international experience related to sustainability innovations and the social transformation of cities, synthesizing insights from megacity research, sustainability science, and urban planning. Written by a team of more than fifty leading researchers and practitioners from all five continents, it traces general urban transformations and introduces new approaches such as: smart growth strategies; cross-sectoral, transdisciplinary urban transition management; rubanisation; and city syntegration. The book reveals the potential of new, networked agencies of sustainability transformation, and discusses the role of science institutions in the diffusion and implementation of institutional and social innovations. This comprehensive book is of immense value to students, researchers, and professionals working on issues of sustainable development, in environmental programs in human geography, planning and the built environment, sociology and policy studies, institutional economics, and environmental politics.
Institutional and Technological Change in Japan's Economy: Past and Present (Routledge Contemporary Japan Series #Vol. 6)
by Janet Hunter Cornelia StorzInstitutional and technological change is a highly topical subject. At the theoretical level, there is much debate in the field of institutional economics about the role of technological change in endogenous growth theory. At a practical policy level, arguments rage about how Japan and the Japanese economy should plan for the future. In this book, leading economists and economic historians of Japan examine a range of key issues concerning institutional and technological change in Japan, rigorously using discipline-based tools of analysis, and drawing important conclusions as to how the process of change in these areas actually works. In applying these ideas to Japan, the writers in this volume are focusing on an issue which is currently being much debated in the country itself, and are helping our understanding of the world’s second-largest economy.
The Institutional Approach to Labour and Development (Routledge Research EADI Studies in Development #No. 17)
by Gerry Rodgers Klárá Fóti Laurids LauridsenBringing together the work of economists and sociologists in research programmes in a number of European institutions concerned with development, this collection analyses how social institutions contribute to an understanding of development.It shows how labour markets, labour relations and employment patterns respond to institutional forces, and thereby shape development paths and determine how different groups benefit from economic growth.
An Institutional Approach to the Göta kanal: A Nineteenth-Century Infrastructure Mega-Project
by Björn HasselgrenThis book is based on an institutional evolutionary theoretical view to the Göta kanal. Canals were the major transport infrastructure system besides roads and maritime transport until railroads were introduced. The canal studied is the Swedish Göta kanal project during the preparation and construction phase from 1800–1832. Thus, the Göta kanal, and the canal-era, is seen from a technological, an economic and a political perspective. Comparisons are made with two contemporary major canal-projects; the Erie Canal in the USA (1817–1825) and the Caledonian Canal in Britain (1804–1822). It is argued that the Göta kanal project, as Sweden's Mega Project of its time, represented an important development step in Sweden as regards learning and innovation and became a starting point for Swedish transport infrastructure projects in the time to come, primarily the railways.
Institutional Arrangements for Conservation, Development and Tourism in Eastern and Southern Africa
by René van der Duim Machiel Lamers Jakomijn Van WijkThis book presents an overview of different institutional arrangements for tourism, biodiversity conservation and rural poverty reduction in eastern and southern Africa. These approaches range from conservancies in Namibia, community-based organizations in Botswana, conservation enterprises in Kenya, private game reserves in South Africa, to sport hunting in Uganda and transfrontier conservation areas. The book presents a comparative analysis of these arrangements and highlights that most arrangements emerged in the 1990s through either a decentralized or centralized change trajectory that was sponsored by donors. They aim to address some of the challenges of the 'fortress' types of conservation by combining principles of community-based natural resource management with a neoliberal approach to conservation, evident in the use of tourism as the main mechanism for accruing benefits from wildlife. The book illustrates the empirical relevance of these novel arrangements by presenting their growth in numbers and discuss how these arrangements differ in their form. With respect to the conservation and development impacts of these arrangements, we show that they have secured large amounts of land for conservation, but also generated governance challenges and disputes on tourism benefit sharing, affecting the stability of these arrangements to generate socioeconomic and conservation benefits.
Institutional Barriers to Economic Development: Poland's Incomplete Transition (Routledge Studies of Societies in Transition #Vol. 2)
by Jan WinieckiPoland's transition from socialism to capitalism has largely been praised as a success story. In reality, however, according to this study, Poland's case is an 'incomplete' transition. Looking at the processes involved in economic transition, covering key issues including financial markets, labour markets, competition and intervention, social security, property rights and attitudes towards the changing political economy, this book provides a wide-ranging and invaluable study of economic development. It will be of great use to economists, those involved in Russian and East European studies, and political scientists.
Institutional Capacity for Climate Change Response: A New Approach to Climate Politics (The Earthscan Science in Society Series)
by Theresa Birgitta Scavenius Steve RaynerIn a period of rapid climate change and climate governance failures, it is crucial to understand and address how effectively different political institutions can and should react to climate change. <P><P>The term 'institutional response capacity' can be defined as a measurement for how effective political institutions may respond to threats and challenges such as climate change. This book sets out to provide a venue for the discussion of how to conduct climate politics by offering new perspectives on how social and political institutions are capable of responding to climate change. In doing so, the book explores how democracy, institutional design and polycentric governance influence social and political entities’ capacity to mitigate, adapt, address and transform climate change. The book offers building blocks for a new agenda of climate studies by focusing on institutional response capacity and by offering a new approach to climate governance at a time when many political initiatives have failed. <P><P>This interdisciplinary volume is a valuable resource for academics, researchers and policy-makers in the areas of anthropology, political science, geography and environmental studies.
Institutional Change: Theory and Empirical Findings
by Sven-Erik SjostrandThis book brings together some 15 papers drawn from the 330 papers presented at the Third Annual Conference of the Society for the Advancement of Socio-Economics in Stockholm, Sweden in June 1991. Part 1 outlines a basic theory of institutional change; Parts 2 and 3 examine case studies in international experience with institutional change. The authors of the original papers include Douglas North, Amitai Etzioni, Oliver Williamson, as well as eminent scholars from Eastern and Western Europe, representing views and analyses from ten different countries.
Institutional Change after the Great Recession: European Growth Models at the Crossroads (Routledge Frontiers of Political Economy)
by Luis CárdenasThis book combines demand-led growth models and the institutionalist approach, in order to explain the macroeconomic performance of the main European countries in recent years followed by which a coherent explanation of the institutional change since the Great Recession, including the economic policy response to the economic and financial crisis (2008) and to the debt crisis (2010) is provided. A "Comparative Political Economy" (CPE) analytical framework and provide an institutional base to the different European growth models is built, in general terms over the period 1995-2018. The results allow us to link diverse growth dynamics to the changes of the institutional framework as a consequence of the economic and financial crises. In each chapter for country case studies (France, Germany, Italy, Spain, Greece, Sweden, UK and Poland) there;’s an ntroduction with a general characterization of the country and the most relevant changes that have occurred subsequently (main legislative milestones or changes in the behaviour of social agents) especially the process of dualization or deregulation of European economies. In addition, an analysis of the macroeconomic evolution and the situation of the labour market before and after the crisis from a demand-side perspective is included, concluding with the linkages between both issues and the characterization of the growth model. This book is of special interest to all the students and university professors who will use this book to be able to follow a multitude of subjects from Applied Economy to International Economic Structure but can also be useful for researchers, doctoral students and teaching staff who want to expand knowledge in the fields of comparative political economy, institutions and the European Union. In general, this book is aimed at anyone interested in expanding their knowledge of the evolution of Europe today.
Institutional Change and Globalization
by John L. CampbellThis book is about institutional change, how to recognize it, when it occurs, and the mechanisms that cause it to happen. It is the first book to identify problems with the "new institutional analysis," which has emerged as one of the dominant approaches to the study of organizations, economic and political sociology, comparative political economy, politics, and international relations. The book confronts several important problems in institutional analysis, and offers conceptual, methodological, and theoretical tools for resolving them. It argues that the paradigms of institutional analysis--rational choice, organizational, and historical institutionalism--share a set of common analytic problems. Chief among them: failure to define clearly what institutional change is; failure to specify the mechanisms responsible for institutional change; and failure to explain adequately how "ideas" other than self-interests affect institutional change. To demonstrate the utility of his tools for resolving the problems of institutional analysis, Campbell applies them to the phenomenon of globalization. In doing so, he not only corrects serious misunderstandings about globalization, but also develops a new theory of institutional change. This book advances the new institutional analysis by showing how the different paradigms can benefit from constructive dialogue and cross-fertilization.
Institutional Change and Performativity: The Impact of Globalization and Financialization on Accounting in Japan
by Noriaki OkamotoThis book analyzes the recent development of accounting in Japan from an interdisciplinary perspective, focusing specifically on how institutional reality is constructed. Integrating theoretical perspectives from institutional economics and performativity studies, the book creates a framework to systematically explain institutional changes and dynamics against a backdrop of increasing globalization and financialization. The first part of the book connects Searlean theories of institutional reality and social ontology with studies in performativity, particularly its linguistic aspects, to show how collectively accepted social norms can performatively shape institutions. The second section explores how these patterns can be uniquely traced in the recent history of Japan’s financial accounting standards and institutions, in particular how globalization, financialization, fair value accounting and a shareholder-value primacy form of corporate governance have prevailed. It also explores the establishment of the International Accounting Standards Board (IASB) and the increasing global convergence of accounting standards. The book argues that multiple collectively accepted performative norms can be identified simultaneously in Japanese accounting, as well as discussing how these social dynamisms are identified and dispersed linguistically (such as by researchers and journalists). This book will be of interest to those working in accounting and financial reporting, as well as those working in social studies of finance, economic sociology, and institutional economics.
Institutional Change in Japan (European Institute of Japanese Studies East Asian Economics and Business Series)
by Magnus Blomström Sumner La CroixThis is a new analysis of recent changes in important Japanese institutions. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, and the amakudari system. After four decades of rapid economic growth in Japan, the 1990s saw the country enter a prolonged period of economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has been impervious to aggressive fiscal stimulus measures and has been plagued by ongoing price deflation for years. Japan’s struggle has called into question the ability of the country’s economic institutions, originally designed to support factor accumulation and rapid development, to adapt to the new economic environment of the twenty-first century. This book discusses both historical and international comparisons including Meiji Japan, and recent economic and financial reforms in Korea, Scandinavia, Switzerland, and New Zealand, placing the current institutional changes in perspective. The contributors argue that, contrary to conventional wisdom that Japanese institutions have remained relatively rigid, there has been significant institutional change over the last decade.
Institutional Change in Southeast Asia (European Institute of Japanese Studies East Asian Economics and Business Series)
by Fredrik Sjöholm Jose TongzonThis book examines the institutional changes taking place in, and challenges facing, the region since 1997. It also describes various differences in the reform process between countries in the region. Sjöholm and Tongzon argue that the economies of southeast Asia need to reform their institutions if the previous rapid development is to continue. The institutional weaknesses have been addressed to different degrees and with different success in the affected countries. Against the backdrop of southeast Asia's importance in the world economy, it is hardly possible to overestimate the need to understand this process of change.
Institutional Change in the Payments System and Monetary Policy (Routledge International Studies in Money and Banking)
by Geoffrey Wood Stefan W. Schmitz"Central bankers worldwide welcome the recent increase of research on payment systems. This volume, providing an expert overview on this timely subject, should be required reading for us all". - Erkki Liikanen, Governor of the Bank of Finland Monetary policy has been at the centre of economic research from the early stages of economic thought, but payment system research has attracted increased academic attention only in the past decade. This book’s succeeds in merging these two so far largely separated fields. Innovative and groundbreaking, Schmitz and Woods initiate research on the interdependence of institutional change in the payments system and monetary policy, examining the different channels via which payment systems affect monetary policy. It explores important themes such as: conceptualization and methods of analysis of institutional change in the payments system determinants of institutional change in the payments system – political-economy versus technology empirics of institutional change in the retail and in the wholesale payments systems – policy initiatives and new technologies in the payments system implications of institutional change in the payments system for monetary policy and the instruments available to central banks to cope with it. The result is an accessible overview of conceptual and methodological approaches to institutional change in payment systems, and a comprehensive and yet thorough assessment of its implications for monetary policy. The insights this timely book provides will be invaluable for researchers and practitioners in the field of monetary economics.
Institutional Change in Transition Economies (Routledge Revivals)
by Michael CuddyThis title was first published in 2002.The importance of institutions for transition economies has so far been overlooked; Michael Cuddy and Ruvin Gekker bring together leading experts in the field to fill this crucial void in the literature. The contributors concentrate on an ongoing tension between informal constraints and mechanisms and the new formal rules and mechanisms that have gradually evolved through the transition period. Experiences are primarily drawn from Russia. The book consists of three parts, the first comprising an analysis, synthesis and generalizations of the institutional adaptations, as a market economy slowly emerges from a fog of shifting rules and varying interpretations. This is followed by the study of business and taxation authorities’ behavior as they try to minimize or maximize the taxation take. The volume also analyzes the challenges facing central and regional governments in delivering equitable levels of public services across regions of vastly different development levels, while at the same time trying to stimulate regional economic growth.
Institutional Change In Turkey
by Leila PiranHow do state institutions reform themselves in the face of outside pressures? This study undertakes an in-depth analysis of the institutional and human rights reform process within the Turkish National Police, which faces pressure from the EU as part of Turkey's EU membership process, and examines the challenges and consequences of the process.
Institutional Choice and Global Commerce
by Joseph Jupille Walter Mattli Duncan Snidal Joseph Jupille Walter MattliWhy do institutions emerge, operate, evolve and persist? Institutional Choice and Global Commerce elaborates a theory of boundedly rational institutional choice that explains when states USE available institutions, SELECT among alternative forums, CHANGE existing rules, or CREATE new arrangements (USCC). The authors reveal the striking staying power of the institutional status quo and test their innovative theory against evidence on institutional choice in global commerce from the nineteenth through the twenty-first centuries. Cases range from the establishment in 1876 of the first truly international system of commercial dispute resolution, the Mixed Courts of Egypt, to the founding and operation of the General Agreement on Tariffs and Trade, the World Trade Organization, and the International Accounting Standards Board. Analysts of institutional choice henceforth must take seriously not only the distinct demands of specific cooperation dilemmas, but also the wide array of available institutional choices.
The Institutional Compass: Method, Use and Scope (Methodos Series #18)
by Michèle Indira FriendThis open access book presents a new generation multi-criteria, multi-stake holder, decision aide, called an "institutional compass". Based on hard data, the compass tells us what quality-direction we are heading in as an institution, region, system or organisation. The quality is not chosen from the usual scalar qualities of: good, neutral and bad. Instead, it is a quality chosen between: harmony, discipline and excitement. None is good in and of itself. We need some of each. The compass marks a new generation in four respects. 1. The representation of the data is intuitive and simple to understand, and therefore can be used to communicate and justify policy decisions. 2. Any data can be included, i.e., none is excluded. This makes the compass tailored to particular situations, voices and contexts. 3. The data includes different time horizons and different types of value: monetary, use, social, sentimental, religious, intrinsic, existential... 4. The process of compass construction can be made inclusive at several junctions. An institutional compass can be extended to evaluate products, add normativity to a systems analysis, reflect world-views such as that of ecological economists or function as an accounting system to manage scarce resources. There are four parts to the book. The first part introduces the general ideas behind the compass. In the second part, the author presents the method for constructing the compass. This includes data collection, data analysis and a mathematical formula to aggregate the data into a single holistic reading. In the third part, the author extends the methodology: to incorporate it into systems science, adding a normative and quality-direction dimension, to use it as a non-linear accounting method and more thoroughly to reflect the philosophy of ecological economists to give a real measure of sustainability. In the fourth part, we see three case studies: one for the World Health Organisation, a second is the use of the compass to label products in a shop and the third is as a regional compass for Hauts-de-France. The book ends with philosophical conclusions. Throughout the book, we see tight arguments, refreshing ideas and a thorough treatment of objectivity in decision making.