This research examines intangible assets or intellectual capital (IC) performance of tourism-related industries in an underexplored area which is a tourism intensively-dependent country. In this study, VAIC which is a monetary valuation method and also the most widely applied measurement method, is utilized as the performance measurement method for quantifying IC performance to monetary values. Moreover, to better understand performance, the standard efficiency levels are further applied for classifying the performance levels of tourism industries. The sample sizes of study are 20 companies operating in the tourism-related industries in the world top travel destination or Thailand, and the companies’ data are collected from 2012 to 2021. Therefore, finally, there are 187 firm-year observations. The utilization of VAIC could assess IC performance of tourism firms and industries, and the standard efficiency levels further support the uniform interpretation of IC efficiency levels. The obtained results show the strong performance of both human and structural capital of the focused tourism dependent country especially in the logistics industry that directly supports and connects to the tourism attractions. Moreover, the finding also highlights the significance of human capital which plays as a major contributor for overall IC performance in this tourism dependent economy. This study contributes the new exploration of IC in the high impact industries and also specifically in the top significant tourism country. Moreover, the application of VAIC also confirms a practical application for management. The limited number of studied countries is a limitation of study. However, these new obtained data and information could be further applied for making comparisons or in-depth or statistical analysis in the future works.
The study of the performance of high-efficiency heat pump systems has been a hot issue of general interest in the field of heat pump air conditioning. For the designed and developed two-stage casing tandem heat exchanger of heat pump system, the 3D finite volume method and the realizable k-ε model are used to numerically analyze the influence law of inlet fluid temperature and flow velocity on the overall heat transfer coefficient as well as the Nussle number of inner and outer tubes. The results show that decreasing the inlet water temperature or increasing the inlet refrigerant temperature can improve the overall heat transfer performance; Nuin increases with the increase of water and refrigerant flow rates, while Nuout increases with the increase of water flow rate but decreases with the increase of refrigerant flow rate; Nuin and Nuout both increase with the decrease of water temperature or refrigerant temperature increases.
The maize commodity is of strategic significance to the South African economy as it is a stable commodity and therefore a key factor for food security. In recent times climate change has impacted on the productivity of this commodity and this has impacted trade negatively. This paper explores the intricate relationship between climatic factors and trade performance for the South African maize. Secondary annual time series data spanning 2001 to 2023, was sourced from an abstract from Department of Agriculture, Land Reform and Rural Development (DALRRD) and World Bank’s Climate Change Knowledge Portal. Autoregressive Distributed Lag (ARDL) cointegration technique was used as an empirical model to assess the long-term and short-term relationships between explanatory variables and the dependent variable. Results of the ARDL model show that, average annual rainfall (β = 2.184, p = 0.056), fertilizer consumption (β = 1.919, p = 0.036), gross value of production (β = 1.279 , p = 0.006) and average annual surface temperature (β = −0.650, p = 0.991) and change in temperature for previous years, (β = −0.650, p = 0.991) and the effects towards coefficient change for export volumes, (β = 0.669, p = 0.0007). In overall, as a recommendation, South African policymakers should consider these findings when developing strategies to mitigate the impacts of some of these climatic factors and implementing adaptive strategies for maize producers.
This quantitative survey was non-experimental and had two goals. An evaluation of predictor variables of empowerment, motivation, teamwork, interpersonal skills, and training and development in project environments was one goal to help explain the industry’s high project failure rate. Second, this research tested Bandura’s social learning theory and tested the hypothesis that empowerment and motivation boost performance. Using a survey-based questionnaire, the data was collected from 212 employees working in different IT companies in Pakistan. The results revealed that empowerment, motivation, teamwork, and training and development have a significant impact on project performance. Using the results, this study proposes theoretical implications for the researchers and managerial implications for the organizations.
This paper aims to investigate the determinants of performance for insurance companies in Tunisia from 2004 to 2017. Namely, we consider three dimensions of determinants; those related to firms’ microenvironment, macroenvironment and meso or industry environment. The performance of insurance companies is measured using three criteria: Return On Assets (ROA), Return On Equity (ROE), and Combined Ratio. The independent variables are categorized into three groups: microeconomic variables (Firm Size, Financial leverage, Capital management risk, Volume of capital, and Age of the firm), meso-economic variables (Concentration ratio and Insurance Sector Size), and macroeconomic variables (Inflation, Unemployment, and Population Growth). The General Least Squares (GLS) regression technique is employed for the analysis. The study reveals that the financial performance of Tunisian insurance companies is positively influenced by firm size, capital amount, and risk capital management. On the other hand, it is negatively influenced by leverage level, industry size, concentration index, inflation, and unemployment. In terms of technical performance, the capital amount of the firm, industry size, age of the firm, and population growth have a positive impact. However, firm size, leverage, concentration index, and risk capital management negatively affect technical performance. This paper contributes to the existing literature by examining the determinants of performance specifically for insurance companies in Tunisia. Besides the classical proxies of performance, this paper has the originality of using the technical performance which is the most suitable for the case of Insurance companies.
The high demand for quality healthcare services in Portugal is generating concerns about meeting the optimum number of healthcare professionals in the private sector, such as doctors and clinicians. Critical interventions are currently in progress, aiming to provide quality healthcare that will be accessible and sustainable through actionable retention strategies such as investing and developing human capital, introducing better conditions of service to attract and retain talent in the private healthcare sector, and prioritizing the needs of patients. The objective of this study is to understand which factors promote the migration of physicians from the public to the private sector according to the theoretical assumptions of incentives. In this context, a phenomenological study was carried out, using semi-structured interviews with fifteen physicians working in the private health network. Content analysis was done using NVivo 12. The results indicate that performance evaluation in the private sector exists but has no alignment with incentives. The condition makes the private healthcare sector unattractive, however, other policies of remuneration remain promising. Current proposals that could revive the image of the sector include collective decision-making and strong labour relations advocacy for physicians in the private sector.
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