Ownership Type Research Articles

Comparison of Housing Affordability in Czech and Polish Regions

Abstract Great differences are observed in the way of living, the quality of living, and the type of property ownership in individual countries of the world. However, housing affordability is currently a significant issue in every developed country. At the same time, it is also an important factor of economic development on both the national and regional level. The paper is focused on the comparison of housing affordability in the Czech and Polish regions. The presented research combines four different commonly used indicators of housing affordability (financial and physical) into a newly defined index and applies it to the Czech Republic and Poland regions for the period 2020-2022. The aim is the comparison of Czech and Polish regions according to the selected housing indicators and calculated standard housing affordability index SAI, which is a newly created index compiled by the authors. The result of the research is a calculation of housing availability in a total of 30 Czech and Polish regions and a comparison of the development of housing availability in 2020 and 2022 in these regions. The result of the research is the finding that the availability of housing in the Czech regions is on average lower than in the Polish regions and, in addition, that the availability has decreased compared to 2020 in both the Czech and Polish regions by 2022.

Seedling survival and plantation success in the drylands of Northern Ethiopia

We studied tree seedling survival rates and plantation success of the Growth and Transformation Plan I—GTP I (2011–2015) in the drylands of Northern Ethiopia. The study was carried out in six randomly selected districts of Tigrai region that represent three agro-ecological zones: the highland, midland and lowland. A biophysical survey was conducted to assess the survival rates of tree seedlings and the success rate of the plantation interventions. The study employed both primary and secondary data sources. Results revealed that there were variations (P < 0.05) in the survival of planted tree seedlings among plantation sites of the same village, between the villages of the same district and among the districts. The regional mean survival rate of planted tree seedlings was 53%. The planting interventions were not encouraging due to lack of pre- and post-planting management, moisture stress, poor soil and site conditions, planting an unmanageable number of seedlings, weak law enforcement and lack of proper monitoring and evaluation mechanisms. In the study areas, four types of ownership were identified: private, communal, state and youth groups. Among the ownership types, private ownership had the highest rate of success, whereas community ownership had the lowest rate. For sustaining successful plantation development, watering, pre- and post-planting management of planted tree seedlings and permanent employment of guards are important.

Farm strategies and characteristics influencing profitability in Nigerian catfish aquaculture: Lessons on resilience during economic crisis and COVID‐type shock

AbstractSince the early 2000s, aquaculture in Nigeria has grown exponentially. African catfish aquaculture was a major contributor to this expansion. However, a fall in output started in 2015, mostly due to challenging economic conditions which affected farmer's profitability. This challenge has been exacerbated by the COVID‐19 pandemic. Notwithstanding, some catfish farms remained profitable. This study investigates the profitability strategies that aid farmers' resilience in times of both economic distress and COVID‐type shock. Data from 609 randomly sampled farms across the country were verified and included in the study covering 1118 operations for the pre‐COVID and COVID periods. Budgetary analysis was done, and stepwise regression was used to identify factors that most contribute to profitability. These factors were ranked by average profit per kilogram and grouped. The profitability during the periods was influenced by factors within the subcategories of scale of operation, experience, targeted markets, ownership, and pond type. Engagement in other agricultural ventures favored profitability during the COVID period. Profitable and non‐profitable groups were further characterized based on their technical and financial indicators. Explored strategies for profitability, including the operation scale, marketing tactics, cost‐cutting, and innovative production techniques all proved successful during economic distress and the pandemic.

Determinants of Management Practices among Manufacturing Firms in Pakistan

A strong case for looking at management quality as a source of productivity has been assembled in recent years by studies showing that variations in management quality account for a big part of the productivity gap across firms and countries. In this paper, we investigate the determinants of management quality among Pakistani manufacturing firms, using a new World Bank Enterprise Survey that provides firm-level information on the use of modern management practices. Our findings suggest that the adoption of good management practices is influenced by such characteristics as firm size, product market competition, ownership type, and the information available to staff and managers. We also find that such considerations are more relevant for medium and large firms than for small firms. Finally, we find that the link between management practices and productivity is not uniform and varies from practice to practice.

Using mental model approach for ascertaining socio-cultural perceptions of forest-based ecosystem services among female forest landowners in Georgia, United States

ABSTRACT In the southern United States (US), female forest landowners (FeFLs) constitute 27% of family forest landowners, owning approximately 12.1 million ha of forestland. With changing demographic trends, FeFLs will likely own more forestlands in the foreseeable future. Understanding FeFLs’ perceptions of ecosystem services (ESs) is vital as their management decisions will impact the flow of forest-based ESs. Our study used a mental model approach to comprehensively understand FeFLs’ socio-cultural perceptions of ESs. Interviews with 39 FeFLs in Georgia, US, highlighted diverse perceptions of forest-based ESs encompassing cultural, provisioning, regulating, and supporting services. The FeFLs’ mental model revealed five thematic areas on ESs perceptions: economics, personal enjoyment, family and heritage, forestland as a place for social activity, and environmental benefits. The economics theme emerged distinctly regardless of their ownership type or forestland proximity, whereas personal enjoyment, family and heritage, and forestland as a place for social activity demonstrated place attachment. Co-owners linked forest management more closely to economics than sole-owners. Residential FeFLs valued social benefits, while non-residential landowners emphasized biodiversity significance. Our findings provide crucial insights for shaping inclusive strategies and policies, enhancing forest management among FeFLs, fostering a sense of community, and ensuring the sustainability of forestlands in the region.

Optimizing Water Sustainability: Revealing Cost Recovery Strategies in the Canary Islands (Spain). Stochastic Frontier Model

Article 9 of the Water Framework Directive (WFD) introduces cost recovery as an instrument aligned with the 'polluter pays' principle, aiming to contribute to the overall well-being of water bodies. In this regard, this research focuses on application of the cost recovery method in the context of the Canary Islands (Spain). The study provides a comprehensive description and analysis of the methodology established for the second cycle of planning (2015–2021) in the Canary Islands, offering a comparative assessment of results for each island. We employ a Stochastic Frontier Model, which allows us to assess the efficiency of different water production techniques. The results should be of great interest to public decision makers in the field of water management to minimize cost, allocate resources efficiently or review water tariffs. The findings underscore substantial variations in cost recovery across islands, emphasizing the need for enhanced water infrastructure methods and data acquisition. Future research needs to extend the years on cost recovery to incorporate economies of scale and type of ownership.

Income diversification patterns and their impact on bank risk

AbstractThis study focuses on the crucial topic of income diversification and its implications for bank risk, using the context of India's public and private Sector banks. The research spans the years 2005–2021, investigating the influence of varying degrees of non‐interest income on the risk profiles of Indian banks. Employing a program impact evaluation methodology, the study employs the generalised propensity score‐fractional dose–response function technique to ascertain the impact of different levels of non‐interest income on bank risk. The outcomes underscore the diverse effects of diversification contingent upon factors like bank size and ownership type, including large and small banks as well as public and private sector institutions. Notably, the aftermath of the Global Financial Crisis introduced distinctive dynamics to income diversification's impact. By segmenting the study timeline into two periods—2005–2013 and 2014–2021—it emerges that income diversification lowered bank risk in the earlier period, while conversely amplifying risk in the latter phase. These insights bear significance as an early warning mechanism for bank executives, policymakers, and regulatory authorities, enabling them to navigate strategic transitions associated with non‐interest income. Employing a novel approach, this research contributes to the literature by evaluating the interplay between income diversification and bank risk across diverse levels of non‐interest income mix. In contrast to conventional econometric methods, the use of the generalised propensity score method stands out as a robust technique to mitigate confounding biases inherent in non‐experimental inquiries.

Bank digital transformation and liquidity mismatch: Evidence from China

To investigate the bidirectional relation between bank digital transformation and liquidity mismatch, this paper employ the empirical methodology of panel Granger causality tests to examine the relationship between digital transformation indicators and liquidity mismatch index, employing panel vector autoregression models, as well as a panel structural vector autoregression model, employing the data of 181 Chinese commercial banks in the period before COVID-19. We find a bidirectional causality between digital transformation and the liquidity mismatch index. An increase in the degree of digital transformation in commercial banks significantly reduces the bank liquidity mismatch index; furthermore, a decrease in the degree of the bank liquidity mismatch index results in an increase in bank digital transformation. The digital transformation enhances a bank's susceptibility to liquidity stress, although a bank suffering from higher liquidity mismatch prefers to promote digital transformation. Furthermore, we find that cognitive digital transformation is the primary driving factor of the bidirectional causality relationship and the relationship between digital transformation and the liquidity mismatch index is heterogeneous for banks with various ownership types.

The impacts of extreme heat on wage losses: Evidence from the Chinese agri‐food industry

AbstractThis paper investigates the effects of extremely high temperatures on wage losses for workers in the Chinese agri‐food industry. Our estimated results suggest extreme heat is associated with a decrease in worker wages, and that these welfare losses could be attributed to the adverse impacts of extremely hot days on worker productivity. We also observe that, compared to male workers, female workers are more likely to bear wage losses when exposed to extremely hot weather. Furthermore, workers in private firms may experience more wage losses due to extremely hot days than those in other ownership types. Regarding the industry‐level heterogeneity analysis, we find that wage losses in the agri‐food manufacturing industry are more severe than those in the agri‐food processing industry, while no significant wage losses are observed in the beverages and alcohol industry. In the long term, wage losses induced by climate change are projected to rise by 10.93% under RCP8.5, if no extra adaptation actions are implemented. [EconLit Citations: O13, P46, Q54]

The Use of Telemedicine by US Nephrologists for In-Center Hemodialysis Care During the Pandemic: An Analysis of National Medicare Claims

Because of coronavirus disease 2019 (COVID-19), the US government issued emergency waivers in March 2020 that removed regulatory barriers around the use of telemedicine. For the first time, nephrologists were reimbursed for telemedicine care delivered during in-center hemodialysis. We examined the use of telemedicine for in-center hemodialysis during the first 16 months of the pandemic. We ascertained telemedicine modifiers on nephrologist claims. We used multivariable regression to examine time trends and patient, dialysis facility, and geographic correlates of telemedicine use. We also examined whether the estimated effects of predictors of telemedicine use changed over time. US Medicare beneficiaries receiving in-center hemodialysis between March 1, 2020, and June 30, 2021. Patient, geographic, and dialysis facility characteristics. The use of telehealth for in-center hemodialysis care. Retrospective cohort analysis. Among 267,434 Medicare beneficiaries identified, the reported use of telemedicine peaked at 9% of patient-months in April 2020 and declined to 2% of patient-months by June 2021. Telemedicine use varied geographically and was more common in areas that were remote and socioeconomically disadvantaged. Patients were more likely to receive care by telemedicine in areas with higher incidence of COVID-19, although the predictive value of COVID-19 diminished later in the pandemic. Patients were more likely to receive care using telemedicine if they were at facilities with more staff, and the use of telemedicine varied by facility ownership type. Limited reporting of telemedicine on claims could lead to underestimation of its use. Reported telemedicine use was higher in an analysis designed to address this limitation by focusing on patients whose physicians used telemedicine at least once during the pandemic. Some US nephrologists continued to use telemedicine for in-center hemodialysis throughout the pandemic, even as the association between COVID-19 incidence and telemedicine use diminished over time. These findings highlight unique challenges and opportunities to the future use of telemedicine in dialysis care.

Ownership structure and climate-related corporate reporting

ABSTRACT We investigate the impacts of various types of corporate ownership structures (i.e. institutional, government, and managerial ownership) on climate-related corporate reporting as reflected in the levels of voluntary carbon disclosure. Using a sample of S&P 500 companies from 2015 to 2020 across both environmentally sensitive and non-environmentally sensitive industries, we find that diverse ownership structures have distinct impacts and preferences in corporate carbon disclosure. Specifically, government ownership is likely to promote transparency of carbon information. In contrast, the ownership held by institutional investors (total, short-term, and long-term), managers (i.e. CEOs, directors), and block-holders are negatively associated with the proactive greenhouse gas disclosure. We also find evidence that climate governance quality plays a positive moderating role in the relationship between two ownership types (i.e. long-term institutional investors and block-holder) and a firm’s climate-related corporate reporting. Our findings offer some practical insights for managers, regulators, and policymakers to focus on the configuration of corporate ownership in the context of improving green practices.

Not a single path to success: alternative HRM configurations for well-performing small and medium-sized hotels

PurposePrevious literature has identified human resources as a key source of competitive advantage in organizations of all sizes. However, Small and Medium-sized Enterprises (SMEs) face difficulty in comprehensively implementing all recommended Human Resource Management (HRM) functions. In this study, we shed light on the field of HRM in SMEs by focusing on the context of Greek Small and Medium-sized Hotels (SMHs), which represent a dominant private sector employer across the country.Design/methodology/approachUsing a fuzzy-set qualitative comparative analysis (fsQCA) and 34 in-depth interviews with SMHs' owners/managers, we explore the HRM conditions leading to high levels of performance, while taking into consideration the influence of internal key determinants.FindingsWe uncover three alternative successful HRM strategies that maximize business performance, namely the Compensation-based performers, the HRM developers and the HRM investors. Each strategy fits discreet organizational characteristics related to company size, ownership type and organizational structure.Originality/valueTo the best of the authors' knowledge this is among the first empirical studies that examine different and equifinal performance-enhancing configurations of HRM practices in SMHs.

Green finance and corporate environmental investment: "Scale Up" or "Efficiency Up"?

The establishment of green finance reform and innovation (GFRI) pilot zone is an important measure of the Chinese government to urge enterprises to develop green transformation. This paper explores the impact of pilot policies in the GFRI pilot zone on corporate environmental investment. Based on 819 A-share listed enterprises from 2010 to 2020, our staggered difference-in-differences (staggered DID) estimation documents revealed that enterprises in the GFRI pilot zone significantly increased the corporate environmental investment efficiency but reduced the scale of corporate environmental investment.This conclusion remained robust after Propensity Scores Matching difference-in-differences (PSM-DID), replacing dependent variables, and shortening the time window. We contend that the increased research and development (R&D) expenditure and technological innovation are the potential mechanisms at work. Heterogeneity analysis showed that the establishment of GFRI improved the environmental investment efficiency of polluting enterprises but had no effect on green enterprises.Meanwhile, the effect of GFRI exhibited heterogeneity in the type of enterprise ownership. This paper evaluates the implementation effect of GFRI from the perspective of corporate environmental investment, and provides theoretical support and an empirical basis for green finance policy to serve China's green economy.

Surveillance of noise exposure level in industrial enterprises-Jiangsu Province, China, 2022.

Occupational noise exposure is the most prominent problem in industrial enterprises in Jiangsu Province. Since 2019, China has established the National Surveillance System for Occupational Hazards in the workplace to grasp the current occupational hazards in critical industries, including occupational noise. According to the Work Plan for Surveillance of Occupational Hazards in the Workplace (2022) issued by the National Health Commission of the People's Republic of China, the noise exposure level of 3,142 enterprises in our province was monitored, the median and interquartile range (IQR) were calculated, and the distribution of noise exposure level was described by industry classification, enterprise-scale and ownership type of the enterprise. The railway, shipping, aerospace, and other transportation equipment manufacturing industries exhibited the highest proportion (42.9%) of individual noise exposure levels exceeding 85 dB(A), followed by the motor vehicles manufacturing industry (36.4%). The proportion of individual noise exposure levels exceeding 85 dB(A) was higher in medium and small enterprises, with rates of 28.1 and 28.6%, respectively. The highest proportion of personal noise exposure levels exceeding 85 dB(A) was observed in Hong Kong, Macao and Taiwan investment enterprises (37.5%), followed by incorporated companies (34.6%) and limited liability companies (28.1%), the lowest was state-owned enterprises(15.5%). The areas with excessive noise are primarily concentrated in grinding, welding, machining, cutting, and other related operations, accounting for 61.2% of the total. Among these operations, grinding accounts for 29.8%. The highest environmental noise and individual noise intensity were found in sandblasting and grinding positions, with individual noise intensities of 115.5 dB(A) and 108.4 dB(A), respectively. The noise exposure risk is so high that cannot be ignored in the manufacturing industry, especially in Hong Kong, Macao, and Taiwan investment enterprises, incorporated companies and medium and small enterprises.

Access to Sudden Sensorineural Hearing Loss Care at Private Equity-Owned Otolaryngology Clinics.

Characterizing access to sudden sensorineural hearing loss (SSNHL) care at private practice otolaryngology clinics of varying ownership models. Cross-sectional prospective review. Private practice otolaryngology clinics. We employed a Secret Shopper study design with private equity (PE) owned and non-PE-owned clinics within 15 miles of one another. Using a standardized script, researchers randomly called 50% of each clinic type between October 2021 and January 2022 requesting an appointment on behalf of a family member enrolled in either Medicaid or private insurance (PI) experiencing SSNHL. Access to timely care was assessed between clinic ownership and insurance type. Seventy-eight total PE-owned otolaryngology clinics were identified across the United States. Only 40 non-PE clinics could be matched to the PE clinics; 39 PE and 28 non-PE clinics were called as Medicaid patients; 39PE and 25 non-PE clinics were called as PI patients; 48.7% of PE and 28.6% of non-PE clinics accepted Medicaid. The mean wait time to new appointment ranged between 9.55 and 13.21 days for all insurance and ownership types but did not vary significantly (P > .480). Telehealth was significantly more likely to be offered for new Medicaid patients at non-PE clinics compared to PE clinics (31.8% vs 0.0%, P = .001). The mean cost for an appointment was significantly greater at PE clinics than at non-PE clinics ($291.18 vs $203.75, P = .004). Patients seeking SSNHL care at PE-owned otolaryngology clinics are likely to face long wait times prior to obtaining an initial appointment and reduced telehealth options.

Evaluating Journalistic Routines in Kuwait: The Use of Information Sources

ABSTRACT This study investigates the use of information sources in Kuwait and the influence of ownership, newsroom size, and media type on the gatekeeping routines. Using a sample of 1,868 news articles from nine different news outlets, including television, radio, print, and online media, we examine the sources and actors present in the news coverage. The results of the study demonstrate the strong dominance of political sources in the construction of news, highlighting the crucial role of the government in shaping media content. The findings also support previous research that indicates top-down or elite actors have more privileged news access compared to non-elite actors such as citizens. Surprisingly, state-owned media outlets used fewer and narrower ranges of information sources compared to private media outlets. Additionally, a significant proportion of the news articles analyzed had no sources cited or presented unilateral coverage of the news. Likewise, our study challenges conventional assumptions about online media´s role in promoting a greater diversity of sources and perspectives in news reporting. Our findings indicate that online media platforms do not necessarily enhance diversity in news reporting.

Infection Control Measure Performance in Long-Term Care Hospitals and Their Relationship to Joint Commission Accreditation

BackgroundThis study evaluated the relationship between Joint Commission accreditation and health care–associated infections (HAIs) in long-term care hospitals (LTCHs). MethodsThis observational study used Centers for Medicare & Medicaid Services (CMS) LTCH data for the period 2017 to June 2021. The standardized infection ratio (SIR) of three measures used by the Centers for Disease Control and Prevention's National Healthcare Safety Network were used as dependent variables in a random coefficient Poisson regression model (adjusting for CMS region, owner type, and bed size quartile): catheter-associated urinary tract infections (CAUTIs), Clostridioides difficile infections (CDIs), and central line–associated bloodstream infections (CLABSIs) for the periods 2017 to 2019 and July 1, 2020, to June 30, 2021. Data from January 1 to June 30, 2020, were excluded due to the COVID-19 pandemic. ResultsThe data set included 244 (73.3%) Joint Commission–accredited and 89 (26.7%) non–Joint Commission–accredited LTCHs. Compared to non–Joint Commission–accredited LTCHs, accredited LTCHs had significantly better (lower) SIRs for CLABSI and CAUTI measures, although no differences were observed for CDI SIRs. There were no significant differences in year trends for any of the HAI measures. For each year of the study period, a greater proportion of Joint Commission–accredited LTCHs performed significantly better than the national benchmark for all three measures (p = 0.04 for CAUTI, p = 0.02 for CDI, p = 0.01 for CLABSI). ConclusionAlthough this study was not designed to establish causality, positive associations were observed between Joint Commission accreditation and CLABSI and CAUTI measures, and Joint Commission–accredited LTCHs attained more consistent high performance over the four-year study period for all three measures. Influencing factors may include the focus of Joint Commission standards on infection control and prevention (ICP), including the hierarchical approach to selecting ICP–related standards as inputs into LTCH policy.

A Cross-Sectional Study of Nurse Turnover in Residential Care Communities.

We examine what facility characteristics are associated with nurse turnover in residential care communities (RCCs). This is a cross-sectional study using the 2018 National Study of Long-term Care Provider Public Use File. There were 3331 RCCs (unweighted n = 272) represented when examining registered nurse (RN) turnover and when examining aide turnover there was a weighted sample of 13,676 RCCs (unweighted n = 68). RN turnover was 72% (95% confidence interval (CI) 59%, 84%), 52% reported 100% turnover. Aide turnover was 48% (95% CI 43%, 53%); 11% reported 100% turnover. We examined ownership and facility type, job design, economic, and working environment factors related to turnover. Using multivariate linear regression, non-profit RCCs had 25 percentage points lower RN turnover (95% CI: -44.46, -4.31) and 9.7 percentage points lower aide turnover (95% CI: 18.8, -0.6) compared to for-profits. We find larger RCCs had lower aide turnover.

Ownership Matters: Not-for-Profit Chain Nursing Homes Have Higher Utilization of Agency Nursing Staff.

Nursing homes (NHs) have long struggled with nurse shortages, leading to a greater reliance on agency nurses. The purpose of this study was to examine the impact of NH ownership on agency nurse utilization. Data were derived from multiple sources, including the Payroll-Based Journal and NH Five-Star Facility Quality Reporting System (n: 38,550 years: 2020-2022). A 2-part logistic regression model with 2-way fixed effects (state and year) was used to assess the association of ownership and agency nurse utilization. Model 1 compared facilities with and without agency nurse use, while Model 2 focused on NHs using agency nurses, examining high utilization (top 10%). The dependent variables were agency nurse utilization ratios for registered nurses (RNs), licensed practical nurses (LPNs), and certified nursing assistants (CNAs). The primary independent variable was ownership/chain affiliation: for-profit chain (FPC), for-profit independent (FPI), not-for-profit chain (NFPC), and not-for-profit independent (NFPI). Model 1 showed that NFPC facilities had higher odds of using agency RNs (OR = 1.65), LPNs (OR = 1.53), and CNAs (OR = 1.38) compared to NFPI facilities (all P < .001), while FPC facilities also had increased odds for RNs (OR = 1.43), LPNs (OR = 1.30), and CNAs (OR = 1.15) (all P < .001). Model 2 indicated that NFPC, FPC, and FPI facilities were more likely to be high utilizers (top 10%) of agency nurses, with NFPC facilities having the highest odds across all categories. Pairwise comparisons showed that NFPC had the highest utilization of agency RNs and LPNs compared to other ownership groups. These results highlight the significant impact of NH ownership on staffing practices, suggesting that ownership type influences agency nurse utilization.

Relevansi Nilai Kepentingan Non Pengendali dalam Laporan Keuangan Konsolidasi: Bagaimana Pasar Bereaksi dan Kemampuannya dalam Memprediksi Laba dan Dividen?

Objectives: This study investigates alterations in the presentation of consolidated financial statements concerning profit and equity information associated with non-controlling interests. The primary aim is to establish the significance of attributing value to non-controlling interests and assess the necessity of providing such attribution? Design/method/approach: The research adopts a methodology that verifies the relevance of attributive value by examining the impact of profits and equity attributable to non-controlling interests on stock returns, t+1 comprehensive income, and t+1 dividends. The analysis is conducted using data from 504 companies listed on the Indonesia Stock Exchange (IDX) over the period 2015 to 2021, totaling 3,528 observation data points.Results/findings: The results indicate that net profit, comprehensive profit, and equity attributable to non-controlling interests exhibit value relevance. These findings are substantiated by their significant influence on stock returns, t+1 dividends, and t+1 comprehensive income. Theoretical contribution: This study contributes to the literature by affirming that profit and equity attribution policies possess value relevance. Despite the extended nature of consolidated financial statements, they do not pose difficulties for users in interpretation; instead, they enhance clarity regarding the distribution of profits and equity among different types of owners. Presenting non-controlling interests in a manner that reflects care, transparency, and fairness of information caters to the needs of minority owners. Practical contribution: The study suggests that potential investors with minor shareholdings can predict investment returns more accurately by considering attributable profits and equity rather than aggregate figures.Limitations: This study does not directly examine the impact of profits attributable to non-controlling interests on dividends received by shareholders with non-controlling interests