Institutions for Decreasing of Employee Opportunism

Popov, Evgeny; Ersh, Evgenia V.

doi:10.14254/1800-5845.2016/12-1/2

Cited by 4 publications

(3 citation statements)

References 13 publications

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“…The survey was adapted to the model survey, which we performed on the basis ISSN 2071-789X INTERDISCIPLINARY APPROACH TO ECONOMICS AND SOCIOLOGY of multiple regression analysis, in which the level (quality) of corporate governance (Dv) figures as as the dependent variable, whereas five most important parameters (indicators) of corporate governance figure as the independent variable, selectively selected as follows: ─ Iv1unprotectedness and non-transparency of property rights (see eg. Weingast, 1993;Draskovic et al, 2017), ─ Iv2instability of the institutional environment (North, 1990;Williamson, 1993) and the deficit of corporate legislation (Demski, 2003;Polterovich, 2012), ─ Iv3 -Rent-seeking by ruling nomenclature (Acemoglu et al, 2004;Draskovic, 2017;Draskovic et al, 2016), ─ Iv4opportunistic behavior and privileged conditions for uncontrolled privatization, instead of legality and competitiveness, which would provide effective owners (Vickers andYarrow, 1988, 1991;Nellis, 2001;Delibasic, 2016;Popov and Ersh, 2016) i ─ Iv5unprotected shareholders (Zingales, 1995(Zingales, , 1997.…”

Section: Literature Reviewmentioning

confidence: 99%

Level (Quality) of Corporate Governance in Adriatic Seaports

Stjepcevic

2018

Economics &Amp; Sociology

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Institutions and institutional structures always determine the development (social and economic), and therefore the level (quality) of microeconomic institutions, including that of corporate governance. The subject of this research is the level (quality) of corporate governance (as a dependent variable in the given model) in relatively undeveloped Adriatic seaports. The aim of this paper is to demonstrate the importance of institutional framework in regulating corporate governance and to verify the hypothesis on a significant dependency of the dependent variable from the selectively chosen independent variables of a dominant institutional character. Field survey methods and multiple linear regression analysis are used in this paper. It is concluded that the offered research has verified the initial hypothesis.

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Section: Literature Reviewmentioning

confidence: 99%

Level (Quality) of Corporate Governance in Adriatic Seaports

Stjepcevic

2018

Economics &Amp; Sociology

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“…are. Correlation of transactional and transformational costs of certain system and market depends on the state of the named institutions [13]. Hence, current institutional state defines the prospects of development of economic structure.…”

Section: Douglas North Theory: Separate Featuresmentioning

confidence: 99%

Institutional Factors of Economic Changes:development Trajectories of Douglas North’s Theory

Попов

Sukharev

2017

Вестник ПГУ. Сер. Эконом.

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The present article considers the contribution of Douglas North to general institutional economic theory with a special emphasis on the research of institutional factors of economic changes. It has been revealed how agents' interaction models are formed and how institutions influence the agents' behavior and change their models. It is especially important, that D. North's conclusions and their development in modern economic theory result in the emergence of the so-called institutional macroeconomics and being a scientific discipline it explains economic changes on long intervals of evolution. The main emphasis in the article is put on two D. North's works: "Institutions, Institutional Changes and Economic Performance" (1990) and "Understanding the Process of Economic Change" (2005). The advantages and possible disadvantages of the new institutional approach by D. North that is devoted to a long interval of social evolution have been demonstrated. In particular the formal informal institutions relations have been discussed as well as compulsion mechanisms that according to D. North belong to special institutions that play a significant role in the description of institutional changes at long time intervals have been considered. The role of a government and government regulation mechanisms have been studied based on the compulsion mechanisms to observe the rules and norms in economy. We study the connection between transaction and transformation costs that are conventionally considered independently in the frameworks of a new modern institutionalism. The authors' attitude to technologies as special and rather stable institutions at particular time periods has been proven. This attitude is opposite to the view that institutions and technologies are interconnection factors of institutional changes according to D. North. From the authors' point of view the model approach by D. North provides restricted representation of institutional changes of complex social and economic model. Moreover, there is a redistribution of weights of change factors and D. North's theory is not able to determine the regularities in the weights change. In its turn the introduction of the trust factor by G. Akerlof and R. Shiller is not a sufficient decision as different social institutions have macroeconomic importance. These institutions predetermine economy development and trust forms that are formed between some agents. For example, technologies are such institutions and processability of economy as a system predetermines its economic dynamics and demand for the change of some institutions into the others-institutional changes regime. Thus the task under consideration is difficult and has not been solved in economics yet. The opportunity to solve the above mentioned challenges using the postulates of "institutional macroeconomics" as the scientific analysis branch has been founded.

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“…The problem of the development of human capital in corporations is in the focus of attention of modern researchers. The main areas of in-depth analysis of this problem are investments in human capital [1], the development of small and medium enterprises through the use of human capital [2][3][4][5][6], resource saving and effective HR-management [7][8][9], macroeconomic and financial aspects of human development capital [10][11][12][13][14].…”

Section: Introductionmentioning

confidence: 99%

Human Capital in Russian Power Generating Corporations

2020

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The Russian energy industry is on the verge of major changes. The potential of existing technologies has been exhausted, and to ensure economic growth, the development and implementation of new approaches in the field of electricity generation is necessary. The human capital of enterprises is the most important driver of changes in the energy sector. The purpose of the article is to analyze the influence of factors characterizing human capital on the effectiveness of Russian power generating corporations. The study found that the efficiency of power generating corporations is most strongly influenced by the share of managers in the structure of employment and labor productivity. Such indicators as the share of specialists with higher education and staff turnover did not significantly affect the efficiency of power generating corporations.

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Institutions for Decreasing of Employee Opportunism

Cited by 4 publications

References 13 publications

Level (Quality) of Corporate Governance in Adriatic Seaports

Level (Quality) of Corporate Governance in Adriatic Seaports

Institutional Factors of Economic Changes:development Trajectories of Douglas North’s Theory

Human Capital in Russian Power Generating Corporations

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