Myriad different types of institutions are involved in social finance. This paper attempts to mak... more Myriad different types of institutions are involved in social finance. This paper attempts to make sense of the diverse ways of operationalizing the delivery of funds by social financial institutions (SFIs). It explores the continuum of feasible SFIs, which range from foundations offering pure grants to social banks supplying soft loans. The in-between category includes “quasi-foundations” granting loans that require partial repayment only. In our model, the SFIs face information asymmetries and trade off costly social screening against social contributions, under the budget constraint that depends on the generosity of their funders. We characterize the SFIs’ optimal strategy and suggest that quasi-foundations can be efficient vehicles for social finance, especially when social screening costs are relatively low.
This paper presents a microeconomic model of self-selection into nonprofit management. First, we ... more This paper presents a microeconomic model of self-selection into nonprofit management. First, we extend previous models by assuming that individuals are heterogeneous in multiple dimensions besides intrinsic motivation, including managerial ability, self-image concerns, and laziness at work. Second, we consider the public sector as an alternative to nonprofit sector employment, and assume that nonprofit, for-profit, and public sectors differ in the perceived level of red tape, and the potential levels of fixed pay and variable pay. We show that self-selection into nonprofit management is a complex process that depends on multiple factors, and formulate conditions that need to be fulfilled in order to have self-selection of heterogeneous individuals into nonprofit management. From this finding we derive a number of important avenues for future research.
ABSTRACT Social preferences theories suggest that at least some people show altruistic behaviour.... more ABSTRACT Social preferences theories suggest that at least some people show altruistic behaviour. However, this philanthropic behaviour ranges from pure altruistic preferences to reluctant altruists. The fact that a subset of contributors has impure preferences raises questions regarding the stability of prosocial contributions. Assuming differences in other regarding preferences, we examine whether at an aggregated level monetary contributions are stable or fragile over time. We study the aggregated donations in the US from 1973 to 2013 using ARIMA and ARMAX models. The significant autoregressive and moving average coefficients in our estimations suggest that aggregated donations are highly autocorrelated. Our estimated impulse response functions indicate that aggregated donations converge to their historic mean quickly after an exogenous shock, which shows the stickiness of the inclination to donate.
We present a model of the physician-patient relationship extending on the model by Farley [Farley... more We present a model of the physician-patient relationship extending on the model by Farley [Farley, PJ, 1986. Theories of the price and quantity of physician services. Journal of Health Economics 5, 315-333] of supplier-induced demand (SID). First, we make a case for the way this ...
Despite an international consensus on the importance to limit State aid spending, large amounts o... more Despite an international consensus on the importance to limit State aid spending, large amounts of resources are still devoted to a wide variety of subsidies to firms. A sizable literature studies the relationship between general government spending and the proximity of elections, mostly documenting a positive link. In addition, other studies verify whether this strategy of increasing government expenditure pays off in terms of number of votes. We focus on one type of government spending that can be quite vulnerable to becoming ‘targeted spending’, i.e. subsidies to firms. We empirically test the relationship between the amount of subsidies granted to firms at the local level and local support for incumbent parties in the regional government. To that end, we make use of subsidy data derived from financial statements on 2008 and Flemish election results of 2004 and 2009. We find that the total amount of subsidies as well as subsidies per capita granted in 2008 positively correlate to...
Canadian journal of nonprofit and social economy research
This article describes a theoretical taxonomy of the structural features of social movements. We ... more This article describes a theoretical taxonomy of the structural features of social movements. We begin by using two classification criteria to analyze the types of relations that characterize the structure of social movements. From there, we look at how differences in structure relate to different goals and forms of action. We then derive a four-fold classification system based on formalization and hierarchy of relationships. For each classification we provide case descriptions of social movements (or parts thereof) using literature on how different movement structures support different types of goals and forms of action. Furthermore, we discuss the dynamics of social movements (or parts thereof) and how their classification may evolve. By doing so, we illustrate how changes in structure, goals, and forms of action mutually influence each other. RÉSUMÉ Cet article dresse une taxonomie théorique des caractéristiques structurelles des mouvements sociaux. Nous utilisons d’abord deux cr...
South African Journal of Economic and Management Sciences
The present paper investigates the relationship between Competitive Intelligence (CI) factors, ch... more The present paper investigates the relationship between Competitive Intelligence (CI) factors, characteristics, information sources, needs, requirements and the export intensity of exporting companies in South Africa. We establish whether there are significant differences between firms, grouped according to export intensity with respect to awareness, use, information sources and attitude towards CI activities. A questionnaire was developed and sent to exporting firms, resulting in a usable sample of 309 South African respondents. These firms are grouped according to export intensity, and CI practices between groups are compared. The results show that export intensive firms appear to be more aware and supportive of CI activities than less export intensive firms.
Myriad different types of institutions are involved in social finance. This paper attempts to mak... more Myriad different types of institutions are involved in social finance. This paper attempts to make sense of the diverse ways of operationalizing the delivery of funds by social financial institutions (SFIs). It explores the continuum of feasible SFIs, which range from foundations offering pure grants to social banks supplying soft loans. The in-between category includes “quasi-foundations” granting loans that require partial repayment only. In our model, the SFIs face information asymmetries and trade off costly social screening against social contributions, under the budget constraint that depends on the generosity of their funders. We characterize the SFIs’ optimal strategy and suggest that quasi-foundations can be efficient vehicles for social finance, especially when social screening costs are relatively low.
This paper presents a microeconomic model of self-selection into nonprofit management. First, we ... more This paper presents a microeconomic model of self-selection into nonprofit management. First, we extend previous models by assuming that individuals are heterogeneous in multiple dimensions besides intrinsic motivation, including managerial ability, self-image concerns, and laziness at work. Second, we consider the public sector as an alternative to nonprofit sector employment, and assume that nonprofit, for-profit, and public sectors differ in the perceived level of red tape, and the potential levels of fixed pay and variable pay. We show that self-selection into nonprofit management is a complex process that depends on multiple factors, and formulate conditions that need to be fulfilled in order to have self-selection of heterogeneous individuals into nonprofit management. From this finding we derive a number of important avenues for future research.
ABSTRACT Social preferences theories suggest that at least some people show altruistic behaviour.... more ABSTRACT Social preferences theories suggest that at least some people show altruistic behaviour. However, this philanthropic behaviour ranges from pure altruistic preferences to reluctant altruists. The fact that a subset of contributors has impure preferences raises questions regarding the stability of prosocial contributions. Assuming differences in other regarding preferences, we examine whether at an aggregated level monetary contributions are stable or fragile over time. We study the aggregated donations in the US from 1973 to 2013 using ARIMA and ARMAX models. The significant autoregressive and moving average coefficients in our estimations suggest that aggregated donations are highly autocorrelated. Our estimated impulse response functions indicate that aggregated donations converge to their historic mean quickly after an exogenous shock, which shows the stickiness of the inclination to donate.
We present a model of the physician-patient relationship extending on the model by Farley [Farley... more We present a model of the physician-patient relationship extending on the model by Farley [Farley, PJ, 1986. Theories of the price and quantity of physician services. Journal of Health Economics 5, 315-333] of supplier-induced demand (SID). First, we make a case for the way this ...
Despite an international consensus on the importance to limit State aid spending, large amounts o... more Despite an international consensus on the importance to limit State aid spending, large amounts of resources are still devoted to a wide variety of subsidies to firms. A sizable literature studies the relationship between general government spending and the proximity of elections, mostly documenting a positive link. In addition, other studies verify whether this strategy of increasing government expenditure pays off in terms of number of votes. We focus on one type of government spending that can be quite vulnerable to becoming ‘targeted spending’, i.e. subsidies to firms. We empirically test the relationship between the amount of subsidies granted to firms at the local level and local support for incumbent parties in the regional government. To that end, we make use of subsidy data derived from financial statements on 2008 and Flemish election results of 2004 and 2009. We find that the total amount of subsidies as well as subsidies per capita granted in 2008 positively correlate to...
Canadian journal of nonprofit and social economy research
This article describes a theoretical taxonomy of the structural features of social movements. We ... more This article describes a theoretical taxonomy of the structural features of social movements. We begin by using two classification criteria to analyze the types of relations that characterize the structure of social movements. From there, we look at how differences in structure relate to different goals and forms of action. We then derive a four-fold classification system based on formalization and hierarchy of relationships. For each classification we provide case descriptions of social movements (or parts thereof) using literature on how different movement structures support different types of goals and forms of action. Furthermore, we discuss the dynamics of social movements (or parts thereof) and how their classification may evolve. By doing so, we illustrate how changes in structure, goals, and forms of action mutually influence each other. RÉSUMÉ Cet article dresse une taxonomie théorique des caractéristiques structurelles des mouvements sociaux. Nous utilisons d’abord deux cr...
South African Journal of Economic and Management Sciences
The present paper investigates the relationship between Competitive Intelligence (CI) factors, ch... more The present paper investigates the relationship between Competitive Intelligence (CI) factors, characteristics, information sources, needs, requirements and the export intensity of exporting companies in South Africa. We establish whether there are significant differences between firms, grouped according to export intensity with respect to awareness, use, information sources and attitude towards CI activities. A questionnaire was developed and sent to exporting firms, resulting in a usable sample of 309 South African respondents. These firms are grouped according to export intensity, and CI practices between groups are compared. The results show that export intensive firms appear to be more aware and supportive of CI activities than less export intensive firms.
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