The type of financial system that emerges in transition economies is a result of path dependent development with an outcome determined primarily by two factors: the chosen model of privatisation and the degree of concentration of the banking system. Due to the specifically transitionary nature of former communist economies, in particular, due to wide scale privatisation that was carried out in ...

With increased privatization of natural resource regulation, green or sustainable public procurement policies are emerging as incentives for sustainable development. Thus, a revival of governmental influences on so-called non-state, market-driven governance systems takes place. The paper exemplifies this development by reference to the green public procurement directives for wood products in Ge...

This paper attempts to draw a synthetic picture of corporate governance in transition with emphasis on the efficiency implications of corporate governance, taking into account a) the heterogeneity of managerial skills, b) the diversity of restructuring tasks and financial situations of firms and c) political constraints. The focus is on the efficiency effects generated by the different kinds of...

A fundamental tension between accessibility and governance exists in the design of healthcare information systems. In order to be useful in practice health information must be distributed, but as the information moves between systems — and different information governance policies — the risk of privacy and security violations increases. The lack of a persistent policy enforcement mechanism thus...

The accentuated interest in the quality of governance along with the idea that ‘what is measured is what matters’ has been endorsing the deployment and use of quantitative governance indicators. Moreover, decentralization and public policies emphasising localism are putting the focus on local governments. This article addresses the challenges of developing indicators and using the information f...

The article presents the whole model of IS/IT architecture exception governance. As first, the assumptions of presented model are set. As next, there is defined a generic governance model that serves as a basis for the architecture exception governance. The architecture exception definition and its attributes follow. The model respects well known approaches to the area that are described in the...

This paper seeks to shed light on certain major aspects of public policy and the performance of business enterprises in India. First, it highlights the effectiveness of the public policies pursued and their asymmetric effects on corporate governance and performance of multinational and local enterprises in India. Second, it suggests that the so called ‘threat’ of large scale disruption of local...

What motivates a company to become politically connected and what impact does political connectedness have on corporate policies? To address this question, we exploit an exogenous Supreme Court decision (Citizens United) that lifted all restrictions on corporate political contributions. We find a significant increase in the cash holdings levels of historically politically connected firms relati...

Ghana's Decentralization Policy has made significant contribution in infrastructural implementation and delivery through Metropolitan, Municipal and District Assemblies as an alternative development strategy to ensure the implementation of the overall national agenda. To date, many systems and strategies have been implemented towards improving development of infrastructure at the local governme...

In this policy perspective, we outline several conditions to support effective science-policy interaction, with a particular emphasis on improving water governance in transboundary basins. Key conditions include (1) recognizing that science is a crucial but bounded input into water resource decision-making processes; (2) establishing conditions for collaboration and shared commitment among acto...