Use Of Incentive Mechanisms Research Articles

A decision-making framework for the funding of shipping decarbonization initiatives in non-EU countries: insights from Türkiye

The decarbonization of the shipping industry is a critical imperative in the global fight against climate change. Non-EU countries, being significant contributors to shipping emissions, play a crucial role in shaping the industry's sustainable future. However, securing funding for shipping decarbonization initiatives in these countries presents challenges, such as limited access to capital, lack of financial initiatives, political and regulatory uncertainties, technological risks, lack of local expertise, and the effects of global economic volatility. Addressing these challenges demands innovative strategies. The paper explores ways of effectively allocating funds for decarbonization projects in the shipping industry of non-EU countries, Türkiye in particular, using a structured decision-making framework tailored to their specific needs and challenges. We adopt the Moment Integrated Solution Method (THEMIS) to identify the “best” option from the range of alternative strategies identified in the framework. Our findings show that the use of incentive mechanisms is the most prioritized funding alternative, followed by the implementation of a sound Cap-and-Trade system and the promotion of strict local regulations to combat emissions. These imply that the prioritization of funding mechanisms, market-driven approaches, and more stringent regulation are key drivers in maritime decarbonization efforts. The Türkiye case study on strategies to achieve a greener maritime industry in developing countries also shows that securing funding for decarbonization requires a concerted effort by governments, private entities, and international organizations.

An Exploration of the Use of Incentive Mechanisms in Human Resource Management in Colleges and Universities

An Exploration of the Use of Incentive Mechanisms in Human Resource Management in Colleges and Universities

Exploring the use of incentive mechanisms in designer contracts within the construction industry

Complex infrastructure projects need sustainable contract models where all in the chain are paid for the value they deliver.The Norwegian construction industry faces challenges since the most common contracts used provide unfavorable incentives.The purpose of this study is to examine which contracts are used in the industry today, what mechanisms can be implemented to better facilitate the distribution of financial gain and at the same time encourage all stakeholders to work for the greater good of the project. Literature and document studies were performed, and seven interviews were conducted. Findings show that current standard contracts for designers are outdated and not well-suited for modern design practices. The findings show also that incentives related to target price with collaboration elements /partnering, performance, progress, and energy consumption, are most effective in promoting fair financial distribution and encouraging actors to work for the project‘s benefit.

CORPORATE GOVERNANCE PRACTICES LEADS TO VALUE ENHANCEMENT OF STAKEHOLDERS OF LISTED COMPANIES IN TAMIL NADU

The study has made an attempt on the Corporate Governance practices of listed companies in the respective study area. It mainly focuses on the CG and rests upon four pillars, viz., Transparency, Full disclosure, Independent monitoring and being fair to all, especially to minority shareholders. Corporate Governance refers to myriad mechanisms that shape the structure of incentives, disincentives, and prohibitions, under which an issuer's management makes decisions. In a modern corporation operating in a globalised world, concepts of disclosure and corporate governance are intertwined. Disclosure mechanism can be associated with the broader view of corporate governance that is not just restricted to shareholders, but also the aggregate of institutional and organizational factors that influence large decisions of public companies because public companies generates capital from various constituents. Corporate governance is an area that secures how efficiently manages corporations by the use of incentive mechanism, such as contracts, organizations and legislations. Transparency, corporate fairness and accountability are the important pillars of corporate governance. It is known for formally establishing guidelines regarding how a company is going to function. Enhanced and revised corporate governance policies are required in order to reduce the effect of financial crisis. International investors also invest in companies who follow good governance principles. From the international point of view they are the basic building blocks of the market. The researcher has used both Primary data and Secondary data methods of data collection. Simple random sampling method has been adopted for the study. The statistical tools like percentage analysis, chi-Square test, ANOVA and t-Test has been used for the study. The study highlights that 60 per cent of the companies are organizing programmes/talks/training for Independent Directors in matters relating to Corporate Governance. It is found that 100 per cent of the listed companies i.e. all the listed companies have disclosed to the shareholders in the annual report in relation to financial calendar. The basis of non-mandatory provisions and suggested items are to be included in the corporate governance. It can be concluded that listed companies are following only forced regulation and are not showing much interest in the voluntary compliance of rules and regulations.

An Intelligent Supply Chain Design for Improving Delivery Reliability

In order to flexibly respond to market demands and changing business environments, today’s European machinery and equipment manufacturers are organized in agile, non-hierarchical business networks. As a consequence, relationships with suppliers are often highly volatile, instable and inapprehensible, which in turn causes turbulences with respect to reliability of deliveries. Following the design research paradigm, both practical and knowledge problems are considered by this paper. First, from a practical point of view, a new intelligent supply chain design for non-hierarchical manufacturing networks is developed, that pledges to improve the delivery reliability. Second, from a knowledge point of view, the underlying hypotheses that go along with this new design are validated using structural equation modeling. The results confirm several previously proposed assumptions, including the importance of an electronic procurement process as well as the use of incentive mechanisms for influencing a supplier’s delivery reliability.

An Intelligent Supply Chain Design for Improving Delivery Reliability

In order to flexibly respond to market demands and changing business environments, today’s European machinery and equipment manufacturers are organized in agile, non-hierarchical business networks. As a consequence, relationships with suppliers are often highly volatile, instable and inapprehensible, which in turn causes turbulences with respect to reliability of deliveries. Following the design research paradigm, both practical and knowledge problems are considered by this paper. First, from a practical point of view, a new intelligent supply chain design for non-hierarchical manufacturing networks is developed, that pledges to improve the delivery reliability. Second, from a knowledge point of view, the underlying hypotheses that go along with this new design are validated using structural equation modeling. The results confirm several previously proposed assumptions, including the importance of an electronic procurement process as well as the use of incentive mechanisms for influencing a supplier’s delivery reliability.Request access from your librarian to read this article's full text.

On the Use of Incentive Pay in Chinese State‐owned Enterprises: The Role of Hierarchy

Abstract. This paper looks at the wage system in Chinese state‐owned enterprises (SOEs) during the 1980s. While wages remained compressed, there is evidence for the use of incentive mechanisms. Wages were quite sensitive to firm performance, especially at higher levels of the hierarchy. One of the reform measures — the Internal Salary System, a system of intra‐firm contracts — has contributed significantly to this sensitivity. There is also some direct evidence that it enhanced the effectiveness of the bonus system, and that it helped to increase productivity. This goes towards explaining how the Chinese bonus system was able to overcome the free‐rider problems typical of team compensation.

Strategic use of incentive mechanisms as a regulatory policy tool

In applying incentive regulation practice and theory to the electric industry, regulators should seek to maximize benefits in focus areas, while producing no unwanted results in other areas. Though difficult, the results are apt to be superior to conventional rate-of-return regulation.