Financial constraints and risk taking are two well-established determinants of firm performance, however, no research analyzes how these variables are connected in the context of a high risk environment. Using data from microfinance clients in Tanzania, we derive a novel financial constraints measure and incorporate a psychometric risk taking scale. Results confirm the importance of access to finance and risk attitudes for business development. Also, we provide preliminary evidence for an interaction between financial constraints and risk taking. Financial constraints “throw sand in the wheels” and protect risk taking entrepreneurs from the negative impact of risk taking on microenterprise performance.
DOCUMENT
This paper assesses wind resource characteristics and energy yield for micro wind turbines integrated on noise barriers. An experimental set-up with sonic anemometers placed on top of the barrier in reference positions is realized. The effect on wind speed magnitude, inflow angle and turbulence intensity is analysed. The annual energy yield of a micro wind turbine is estimated and compared using data from a micro-wind turbine wind tunnel experiment and field data. Electrical energy costs are discussed as well as structural integration cost reduction and the potential energy yield could decrease costs. It was found that instantaneous wind direction towards the barrier and the height of observation play an influential role for the results. Wind speed increases in perpendicular flows while decreases in parallel flow, by +35% down to −20% from the reference. The azimuth of the noise barrier expressed in wind field rotation angles was found to be influential resulted in 50%–130% changes with respect to annual energy yield. A micro wind turbine (0.375 kW) would produce between 100 and 600 kWh annually. Finally, cost analysis with cost reductions due to integration and the energy yield changes due to the barrier, show a LCOE reduction at 60%–90% of the reference value. https://doi.org/10.1016/j.jweia.2020.104206
DOCUMENT
Outsourcing of business processes and information technology (IT) operations is an important trend in large and middle-sized organizations. However, outsourcing could affect the organization’s ability to align its IT with business strategy and operations. This article reports a qualitative study into the relationship between IT outsourcing (ITO) and business and IT alignment. It aims to provide recommendations for outsourcers and service providers on how outsourcing relationships should develop in order to support business and IT alignment. The research question of the study is “What is the effect of IT outsourcing on the business and IT alignment of companies that have outsourced their IT?”After a review of relevant literature and concepts, four cases are reported. The study revealed that a higher level of motivation for outsourcing paired with a higher level of the relationship between outsourcer and service provider and with a higher level of alignment maturity of the outsourcer. The study also showed that the ITO relationship is influenced by organizational turbulence on one or either side of the relationship and that the service providers tend to assess the relationship on a higher level than the outsourcers. These conclusions provide relevant directions for both outsourcers and service providers for improvement of the their relationship
DOCUMENT
The environment of the(Dutch) building industry is increasingly turbulent. There are many cges for the building industry. Innovative tendering, better marketing, openness and transparency are examples of this. A strong reduction in failure costs (estimated at between 10 and 25% of the total costs) and an increase in quality are also necessary. Lastly, the declining inflow of young people has to be mentioned. The image of the building industry is not particularly good and students prefer to choose other industries. The building industry therefore has to change and, so far, everyone agrees. Evidently both the building industry and its environment are very keen to change; the sincere will is there, and money and energy are available, but it seems that efforts are not proceeding in a very planned or coordinated manner at present. And this is causing fragmentation and, therefore, sub optimisation. How does sectoral change proceed and how is this process to be managed? That is the central question in this paper.
DOCUMENT
tract Micro wind turbines can be structurally integrated on top of the solid base of noise barriers near highways. A number of performance factors were assessed with holistic experiments in wind tunnel and in the field. The wind turbines underperformed when exposed in yawed flow conditions. The theoretical cosθ theories for yaw misalignment did not always predict power correctly. Inverter losses turned out to be crucial especially in standby mode. Combination of standby losses with yawed flow losses and low wind speed regime may even result in a net power consuming turbine. The micro wind turbine control system for maintaining optimal power production underperformed in the field when comparing tip speed ratios and performance coefficients with the values recorded in the wind tunnel. The turbine was idling between 20%–30% of time as it was assessed for sites with annual average wind speeds of three to five meters per second without any power production. Finally, the field test analysis showed that inadequate yaw response could potentially lead to 18% of the losses, the inverter related losses to 8%, and control related losses to 33%. The totalized loss led to a 48% efficiency drop when compared with the ideal power production measured before the inverter. Micro wind turbine’s performance has room for optimization for application in turbulent wind conditions on top of noise barriers. https://doi.org/10.3390/en14051288
DOCUMENT
This study explores how non-executive directors are challenged by management while they seek to improve the effectiveness of supervisory boards in the Netherlands. A combination of semi-structured interviews and a questionnaire among non-executive directors indicates that supervisory board members mainly experience boardroom challenges in three core areas: the ability of non-executive directors to ask management critical questions, information asymmetries between the management and supervisory boards and the management of the relationship between individual executive and non-executive directors. The qualitative in-depth analysis reveals the complexity of the main contributing factors to problems in the boardroom as well as the range of process and social interventions non-executive directors use to address boardroom issues. The findings highlight the need to better understand boardroom processes and the need of non-executive directors to carefully manage relationships in and around the boardroom.
LINK
Competitive advantage is probably the most popular business concept today (Mooney, 2007). This article aims to investigate critically the discourse on competitive advantage, as expressed by business literature, by locating its meanings in the public higher education sector. This research reveals that people working within the HEIs have given broader and more diversified meanings to this concept, which are partly due to the message received from external environment, and partly because of the influence of professional settings in which they function. By studying these diversified meanings, 13 elements are identified in constructing the competitive advantages of higher education institutions. Furthermore, the importance of each element is rated and ranked which enables us to assess the quantitative significance. The clarification of this container concept “competitive advantage” leads to the conclusion that the business way of defining of competitive advantage should be critically reviewed and verified in the context of public higher education sector, because the competition in the public education market is different from the normal market competition defined by the business literature.
LINK
The transition from institutional to community care for vulnerable people has been shaping the welfare system in Europe over the last decades. For the period of 2014-20, deinstitutionalisation became one oft he highlighted priorities oft he European Commission in order to promote reforms in disability and mental care in convergence regions, too. Between 2007 and 2013, Estonia as many other Eastern European countries implemented the first wave of deinstitutionalisation, and during the new EU budget period a second wave will be carried out in order to continue and hopefully complete the transition. In this study, we try to give an overview of the experiences of different European countries, highlighting good practices and possible pitfalls
DOCUMENT
Presentation at the European Conference for Social Work Research, Leuven: Belgium
DOCUMENT
By use of a literature review and an environmental scan four plausible future scenarios will be created, based on the research question: How could the future of backpack tourism look like in 2030, and how could tourism businesses anticipate on the changing demand. The scenarios, which allow one to ‘think out of the box’, will eventually be translated into recommendations towards the tourism sector and therefore can create a future proof company strategy.
DOCUMENT
