nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2016‒12‒04
three papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Factors affecting the success of development projects : A behavioral perspective By Aga, Deribe Assefa
  2. Innovation capabilities in the private sector: evaluating subsidies for hiring s&t workers in Spain By Catalina Martínez; Laura Cruz-Castro; Luis Sanz-Menéndez
  3. Aggregate Liquidity Management By Keister, Todd; Sanches, Daniel R.

  1. By: Aga, Deribe Assefa (Tilburg University, School of Economics and Management)
    Abstract: This dissertation sought to examine behavioral-related critical success factors in the context of Non-Governmental Organization (NGO) sector development projects in Ethiopia. The dissertation applied both a cross-sectional survey design and an experimental design in separate settings, and it is organized in five chapters. The first chapter introduces the study, describes the context, and offers a brief methodology of the study. Using a field survey, the second chapter highlights the role of team-building in explaining the relationship between project managers’ transformational leadership and project success. The study finds that team-building significantly mediates the relationship between project managers’ transformational leadership and project success. The study also indicates that both project managers’ transformational leadership and team-building are determinants of success in development projects in the NGO sector. The third chapter of the dissertation presents another empirical study on the moderating role of team problem-solving in the adverse influence of project uncertainty on project success. The finding of this study indicates that team problem-solving significantly reduces the negative influence of project uncertainty on project success for longer projects. The fourth chapter discusses an experimental study on the role of project beneficiaries’ psychological ownership in mediating the relationship between participation in pre-implementation phases of a project (particularly needs assessment and planning) and behavioral intentions to sustain the project. This study highlights the importance of project beneficiaries’ psychological ownership in the relationship between genuine participation and required behavioral intention to ensure project sustainability. The fifth chapter of the dissertation, Conclusions, contains a summary of empirical findings, a discussion of the overall implications, both for theory and for practice, and limitations and future research directions.
    Date: 2016
  2. By: Catalina Martínez; Laura Cruz-Castro; Luis Sanz-Menéndez
    Abstract: This paper evaluates the effectiveness of a public programme intended to improve innovation capabilities in the private sector by subsidizing the hiring of R&D personnel. Using information from the programme management database, we study factors associated with the duration of contracts and their transformation into open-ended contracts, a basic aim of the programme. We explore the characteristics of subsidies, individuals, entities and projects related to the eventual stabilization of the new R&D employees, when the subsidies had ended. The programme was found to strengthen R&D capacity in recipient firms - above all in technology centres - yet only about half of the subsidized short term contracts had been converted into permanent contracts by the end of their second year.
    Keywords: Programme evaluation, company R&D and innovation, S&T employment, innovation policy, Spain
    JEL: O31 O38 H43 H83 Z18
    Date: 2015–11
  3. By: Keister, Todd (Rutgers University); Sanches, Daniel R. (Federal Reserve Bank of Philadelphia)
    Abstract: It has been largely acknowledged that monetary policy can affect borrowers and lenders differently. This paper investigates whether the distributional effects of monetary policy are an inherent feature of monetary economies with private credit instruments. In our framework, both money and credit instruments can potentially be used as media of exchange to overcome trading frictions in decentralized markets. Entrepreneurs have access to productive projects but face credit constraints due to limited pledgeability of their returns. Monetary policy affects the liquidity premium on private credit and thereby influences the cost of borrowing and the level of investment, but any attempt to ease borrowing constraints results in suboptimal decentralized-market trading activity. We show that this policy trade-off is not an inherent feature of monetary economies with private credit instruments. If we consider a richer set of aggregate liquidity management instruments, such as the payment of interest on inside money and capital requirements, it is possible to implement an efficient allocation.
    Keywords: monetary theory and policy; liquidity premium; Friedman rule; investment; bank lending channel
    Date: 2016–11–25

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