The strategies and investments of large firms can impact the growth and industrial development trajectory of economies. In the context of South Africa's deindustrialisation and the current policy direction towards growing the manufacturing sector, this study assesses the investments and...

In BOP ventures the notion of “selling to the poor” has steadily been replaced by business approaches that suggest sustainable value creation. This has certain implications, in particular the development of strategies that serve triple bottom-line goals. These include economic, social and...

A number of private colleges and universities have chosen not to compete for students by offering merit-based financial aid. In addition, until 1990 many of these schools jointly calculated a student's financial need. I theoretically and empirically analyze the effects of different financial aid...

Academic and practitioner interest in how market-based organizations can drive positive social change (PSC) is steadily growing. This paper helps to recast how organizations relate to society. It integrates research on projects stimulating PSC – the transformational processes to advance...

This paper applies direct tests for adverse selection and moral hazard in the market for child care. A unique data set containing quality measures of various characteristics of child care provided by 746 rooms in 400 centers, as well as the evaluation of the same attributes by 3,490 affiliated...

Performance contracts (PCs) -- contracts signed between the government and state enterprise managers -- have been used widely in developing countries. China's expertise with such contracts was one of the largest experiments with contracting in the public sector, affecting hundreds of thousands...

Empowerment is one of the most important social value creation activities performed by social enterprises (SEs). Despite the burgeoning research on SEs, there is limited research on the meaning and aspects of empowerment from the SE perspective, or the so-called SE-as-Empowerment research. In...

The multitask principal-agent theory argues that incentive devices for the agent tend to be complementary due to the need for balanced allocation of effort among the tasks. A growing body of empirical literature appears to support this notion. However, when there can be several signals for each...

Previous studies have found a puzzlingly insignificant relationship between public school students' performance and school inputs. This study uses the principal-agent framework to investigate the teacher's role in explaining this puzzle. For this purpose, it addresses the issue of corporal...