Zugl.: Eichstätt, Ingolstadt, Universiẗat, Diss., 2005.

Liberalization of the Indian economy in 199I increased the intensity of international competition and changed the internal information needs of Indian managers. This paper explores the evolution of a broad range of management accounting practices in 14 firms using a contingency theory framework. Differences in management accounting practices in 1996 are examined in relation to firms' experience and exposure to world markets prior to liberalization and as a function of contemporaneous differences in competitive strategy. We find evidence of changes associated with shifts in the external environment. / University of Michigan Business School

Recent years have seen the emergence of a novel type of community space around the world, labelled variously as makerspaces, hackerspaces, hacklabs, Fab Labs, and repair cafés. These workshops, often known collectively as the ‘maker movement', have inspired considerable speculation regarding their potential to prefigure a more sustainable economy, including a shift to localised and participatory forms of production and consumption (Smith and Light, 2017). Until recently, the social scientific work on such spaces has been sparse, especially in-depth ethnographic work, though scholars are increasingly turning their attention to them, particularly in the fields of design and science and technology studies. This thesis, a practice-led ‘enactive ethnography' drawing from three case study workshops in Edinburgh, Scotland, explores the question of sustainable development and maker spaces along two main axes: firstly, the emergence of sustainable practice in such spaces, and secondly, the relevance of such spaces to the cultivation of human wellbeing. The thesis is the first examination of such spaces drawing from developments in social theory towards relational materialism, more-than-representational approaches, and a focus on social practice. It draws a number of conclusions. Firstly, that claims of an undifferentiated global ‘maker movement' may be exaggerated: the grassroots participant-led creation of such spaces results in irreducible diversity and local differentiation. Secondly, while claims about the potential of such spaces for reconfiguring global production and consumption are overstated, when viewed from a practice-oriented perspective, the communities of practice populating such sites comprise potent and potentially-valuable crucibles of knowledge and materials. And thirdly, trying to move away from individualistic conceptions of wellbeing, the case studies provided evidence for the shared workshops playing a crucial role in the contingent emergence of participant wellbeing. These findings are further developed in tandem with a posthuman reading of maker practices, contributing to timely scholarly debates on ‘making' and ‘craft'.

This thesis investigates the dialectical nature of Corporate Social Responsibility (CSR) phenomenon a common buzzword in today’s globalized economy. The emergence of CSR as a significant issue in recent years can be attributed to the expectation in developed countries for business to engage with society beyond their commercial interests. Business are now under sustained pressure to be held publicly accountable for their activities. The research shed light on two research gaps identified within business ethics- idea of business responsibility firstly in the context of the big economic players of tomorrow- emerging markets; and secondly in relation to small and medium enterprises. Adopting a phenomenological approach based on Critical Theory and Hermeneutics framework, the research attempted to uncover the link between business and ethics in relation to SMEs. This led to the construction of a theoretical model –A.R.T Model, aimed at enhancing understanding of how SMEs perceive and practice socially responsible behaviour. Contribution to knowledge was also made in applying Bourdieu’s Theory of Logic of Practice to explain actions of SME owner-managers; and carrying out a comparative analysis of Social Capital theory versus normative Stakeholder Theory to describe workings of SMEs towards their stakeholders. These contributions met the objectives of the study: creation of a ‘native’ model of social responsibility for SMEs in Pakistan (reflective of the local social reality) using a business ethics and cultural construction; and exploring the nature and evolution of CSR in emerging markets. The research also revealed that socially responsible practices by SMEs are inherently informal and voluntary in nature, driven more so by ethical than religious motivations. Furthermore, philosophical synergies were created between the A.R.T model and the normative construct consisting of Classical antiquities - Kant, Adam Smith and Machiavelli, which bridged the gap between theory and CSR driven practice.

As modificações geradas no âmbito das decisões de políticas econômicas nacionais das últimas décadas atentaram para o papel da estabilidade macroeconômica no desempenho das economias de mercado. O controle da inflação constitui-se no objetivo primordial das autoridades monetárias que, a partir dos anos 1990, encontraram na adoção de metas de inflação um modo mais eficiente para atingir a estabilidade de preços. Segundo a literatura convencional contemporânea, os resultados do regime de metas de inflação em economias avançadas e emergentes garantem, diretamente, uma redução dos níveis e da volatilidade das taxas de inflação, uma ancoragem das expectativas inflacionárias e menores custos da desinflação em termos do produto. Entretanto, acredita-se que a intensidade e os impactos desses efeitos podem ser diferenciados ou comprometidos quando aplicados à realidade dos países emergentes. Fundamentadas nas visões críticas das implicações do regime de metas de inflação à evolução das economias emergentes, as discussões teóricas visaram expor as definições gerais do regime de metas de inflação e as questões estruturais da dinâmica macroeconômica dos mercados emergentes. Constatou-se que a preponderância dos mecanismos de transmissão da taxa de câmbio sobre a inflação, os desequilíbrios ficais, financeiros e externos, e as características de vulnerabilidade e instabilidade macroeconômicas dos países emergentes podem dificultar o funcionamento do regime de metas de inflação. Essencialmente, a avaliação empírica dos efeitos de metas de inflação sobre o desempenho macroeconômico dos países emergentes evidenciou que, além deste regime não apresentar relevância estatística na explicação das taxas de inflação, de crescimento do produto e de juros, os movimentos da economia internacional parecem definir as condições de estabilidade macroeconômica nessas economias. Portanto, concluiu-se que a implementação de metas de inflação não melhorou nem piorou o desempenho macroeconômico dos países emergentes que adotaram este regime a partir dos anos 1990. Tal resultado contribui no debate atual sobre a dimensão das políticas de estabilidade de preços e, em especial, os efeitos de metas de inflação em economias emergentes. / The modifications generated in the scope of national economy policy decisions in the last decades had attempted for the role of macroeconomic stability in the performance of market economies. The control of inflation consisted in the monetary authorities’ primary objective that, from the 1990 years, had found in the adoption of inflation target a more efficient way to reach the price stability. According to conventional literature contemporary, the results of inflation targeting in the advanced and emerging economies guarantee directly a reduction of the level and the volatility in the inflation rates, an anchorage inflationary expectations and lesser costs of disinflation at the product. However, one gives credit that the intensity and the impacts of effects can be differentiated or biased when applied to reality of emerging countries. Based in the critical views of inflation target implications to emerging economies evolution, the theoretical quarrels had aimed at to display the inflation target general definitions and the structural matters of emerging market macroeconomic dynamic. One evidenced that the predominance of the exchange pass through inflation, the external, financial and fiscal disturbs, and the macroeconomic vulnerability and instability characteristics of emerging countries can difficult inflation target working. Essentially, the empirical evaluation of the inflation targeting effects on the macroeconomic performance of emerging countries demonstrated that, beyond this regime not to present statistics relevance in the inflation rates, growth product and interest rates explanation, the movements of the international economy seem to define the conditions of macroeconomic stability in these economies. Therefore, one concluded that the implementation of inflation target did not improve nor got worse the macroeconomic performance of the inflation targeting emergent countries from 1990s. Such result contributes in the current debate on the prices stability policies and, in special, the effect of inflation target in emergent economies.

Abstract This thesis investigates how Finnish firms, as examples of Western firms, control and steer the operations of their subsidiaries in Russia and the Baltic countries and the role of accounting in the management control systems. The thesis consists of three essays, which focus on different aspects of the role of accounting in the management control systems. Even though the issues discussed in this thesis are probably not unique to the area of the former Soviet Union, the characteristics of business in this context highlight specific management control questions relating to organising and using power within management control systems. The first essay investigates the changing role of accounting in a knowledge transfer process between a head office and subsidiaries to show the importance of informal communication and cooperation in the development of accounting. Only after some time of intense informal cooperation and the development of social capital in the accounting-mediated knowledge transfer can more formal accounting controls can be relied on. The second essay illustrates how the central social position of an individual can be reproduced and how it affects accounting and formal reporting in the control system. The third essay investigates the role and power of an intermediate subsidiary in using accounting for controlling and steering the operations of its subsidiaries, when the intermediate acts between the subsidiaries and its own Western parent company. The intermediate can invoke the tensions between divergent social systems and thus use accounting signifiers according to its own needs, legitimating its existence despite the inflexibility the multilevel organizational structure may cause. Therefore, the whole thesis suggests that accounting plays an important role in integrating firms in very different contexts, but this can only happen with the help of more informal supportive structures and knowledgeable agents who utilise accounting. This is how accounting develops business thinking so that the practices adapted to the local demanding circumstances could also give something back to the parent companies.

During the last two decades, the Fair Trade literature has constantly questioned the basic theoretical assumptions of dominant economic orthodoxies and the Fairtrade system has challenged mainstream businesses with its market successes. In the heart of this rapidly growing system is its general modus operandi stating, firstly, that all low-income, lower-middle-income and upper-middle-income economies (i.e. developing countries) are welcomed to join as countries where Fairtrade products are produced in primary production, traded and consumed. Secondly, that the high-income economies (i.e. developed countries) are the countries where Fairtrade products are traded (or processed in secondary production) and consumed. However, the Fairtrade system's practice is inconsistent with its internal normative and operational bases in the case of nine European upper-middle income economies, which are allowed to have Fairtrade traders (or processors in secondary production) and consumers, however, their poor and marginalised small-scale producers are forbidden from entering the Fairtrade system as primary producers. Therefore, they are under a direct threat of becoming double-losers, potentially excluded from both non-Fairtrade and Fairtrade economy. This inconsistency is important because the greater integration of all upper-middle-income economies may in practice be another step towards the creation of a more global Fairtrade system. In this envisioned state, firstly, the poor and marginalised small-scale producers and workers from nine excluded upper-middle-income economies will gain a new perspective to develop and thrive, by being included in the Fairtrade system. Secondly, more poor and marginalised small-scale producers and workers from other countries of the world will gain additional and stronger access to new markets in these nine upper-middle-income economies once they are fully included. One of these "producer-excluded" upper-middle-income economies - Serbia, and its full Fairtrade potentials, which have never been fully on the Fair Trade radar before, will be in the focus of my doctoral research. / Doctorat en Sciences politiques et sociales / info:eu-repo/semantics/nonPublished

This study examines Corporate Social Responsibility (CSR) practices of selected local large firms in both Kenya and Tanzania by exploring communication, organisation and activity dimensions of these firms. The study focuses on these two East African countries because there is a well established stock exchange with a large number of firms capable of engaging in social issues in this region. Moreover, compared to other regions in Africa, there has been little research on CSR practices in this part of Africa. In addition, the existing literature on CSR in Africa reveals more studies on Multinational Enterprises (MNEs) with little emphasis on large indigenous firms operating in the southern hemisphere, particularly in the East African region. Accordingly, this study explores the CSR practices of indigenous large firms in Kenya and Tanzania. Specifically, it examines whether these firms engage socially, and in the same way. To answer the research questions a survey research approach using standardised public data (i.e. newspapers and business annual reports for the period 2010-2012) was employed. In particular, content analysis of newspapers and annual reports was carried out to investigate the characteristics of CSR practice of these local firms. The study concludes that local firms in both Kenya and Tanzania are faced with the same obligations in meeting society’s needs, even though social engagement is different between the firms. This research identified well organised firms with established CSR (i.e. proactive firms); less well organised firms in which CSR is not established (i.e. reactive firms); and lastly firms that engage less often and are not organised internally (i.e. episodic). Overall, research findings in this study imply a shift of focus from sole stakeholders to multiple stakeholder engagements in business conduct.

Magister Commercii - MCom / This study examines the influence of trade openness on foreign direct investment (FDI) inflows in emerging market economies. The study focuses on a sample of 15 emerging market economies during 1992-2006. The econometric framework utilised in the study consist of panel data analysis, although the pooled OLS model is first estimated in order to give the reader a sense of what to expect in the main results. Using alternative estimation techniques, the study shows that, indeed, trade openness carries with it the potential of harnessing more FDI into emerging market economies but this need to be complemented by appropriate macroeconomic and sectoral policies. Notably, as the results of the study suggest, foreign investors generally consider the host country's market size, its labour market practices with respect to the real wage, and the current and expected rates of inflation, in order to invest in the country. The results from the study suggests that, given identical trade openness strategies, emerging market economies that have larger market sizes are likely to be more successful in attracting FDI than those with smaller market sizes. The evidence also suggests that, given identical trade openness strategies, emerging market economies that have lower real wages and lower price inflation are likely to be more successful in attracting FDI than those with high real wages and high or variable price inflation. Finally, the findings of this study do not provide strong evidence in support of the fact that infrastructural development, property rights and external debt matter in attracting FDI into emerging markets. The policy implications of this study for South Africa, which is currently contesting for FDI with the fast growing and relatively larger economies of Brazil, Russia, India and China (otherwise referred to as, BRICs), is that urgent attention needs to be given to the rising prices and wages provoked by increasingly strong unions, and weak anti-trust regulations in the country, in spite of a fairly successful inflation targeting framework adopted a decade ago.

Trinidad and Tobago is a small open economy that faces macroeconomic policy challenges which are related to imperfections in the financial sector and volatility of energy sector revenues. Specifically, two of the key issues policymakers are grappling with are high levels of excess reserves and the optimal management of the economy's resource revenues—in the face of domestic and external shocks to the energy sector. This thesis uses a general equilibrium modeling approach to examine the dynamic effects of these policy challenges on the Trinidad and Tobago economy. In the first case, this study examines the financial and real effects of excess reserves in a New Keynesian Dynamic Stochastic General Equilibrium model with monopoly banking, credit market imperfections and a cost channel. The model explicitly accounts for the fact that banks in Trinidad and Tobago hold excess reserves and they incur costs in holding these assets. Simulations of a shock to required reserves show that although raising reserve requirements is successful in sterilizing excess reserves, it creates a procyclical effect for real economic activity. This result implies that financial stability may come at a cost of macroeconomic stability. The findings also indicate that using an augmented Taylor rule in which the policy interest rate is adjusted in response to changes in excess reserves reduces volatility in output and inflation but increases fluctuations in financial variables. To the contrary, using a countercyclical reserve requirement rule helps to mitigate fluctuations in excess reserves, but increases volatility in real variables. Moreover, this research uses an open economy Dynamic Stochastic General Equilibrium model to analyze the transmission of resource price shocks and a shock to resource production in the Trinidad and Tobago economy. It also applies alternative fiscal rules to determine the optimal allocation of resource windfalls between spending today and saving in a sovereign wealth fund. The results show that spending all the resource windfall on consumption and investment creates more volatility and amplifies Dutch disease effects, when compared to the case where all the excess revenues are saved. Also, neither a policy of full spending nor full saving of the surplus revenue inflows is optimal if the government is concerned about both household welfare and fiscal stability. In order to minimize deviations from both objectives, the optimal fiscal response suggests that a larger fraction of the resource windfalls should be saved, than what the government is presently saving.