nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2017‒08‒20
four papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Loan characteristics, firm preferences and investment: Evidence from a unique experiment By Brutscher, Philipp-Bastian; Heipertz, Jonas; Hols, Christopher
  2. Strengthening the results chain: Synthesis of case studies of results-based management by providers By Rosie Zwart
  3. Analysis of a Typical Japanese Offshore Wind Farm Project: Reviewing the Kitakyushu Hibikinada offshore wind farm industrial accumulation project (Japanese) By IWAMOTO Koichi
  4. Digitalization, Computerization, Networking, Automation, Future of Jobs, and Social Policy in Japan's Fourth Industrial Revolution (Japanese) By IWAMOTO Koichi; HATANO Aya

  1. By: Brutscher, Philipp-Bastian; Heipertz, Jonas; Hols, Christopher
    Abstract: This paper uses a unique experiment conducted as part of the Investment Survey of the European Investment Bank (EIB) to provide novel evidence on firms' preferences over loan characteristics and the relation between terms of credit and investment decisions. The design of the experiment allows revealing firm's financing preferences and willingness-to-pay in a clean and straightforward manner. The results show that firms are especially sensitive to the loan amount, the collateral requirement and the interest rate. Results are heterogeneous between sectors, size classes and types of projects.
    Keywords: firm preferences,investment decision,corporate finance
    JEL: D22 D24 G11 G21 G30
    Date: 2017
  2. By: Rosie Zwart (OECD)
    Abstract: This paper presents an analysis of evidence from seven case studies of results-based management by development co-operation providers. Analysis of themes from the case studies reveal six interrelated challenges which providers face in their efforts to manage for the results of development co-operation. The six challenges are: linking results to development goals, ensuring the purpose of results systems is well-defined, weighing up the benefits of aggregating and attributing results from standard indicators, enabling country ownership, using performance information alongside results information, and building and embedding a results culture. Providers continue to adopt a range of approaches to pursue a focus on results and there are many examples of good practice. The case studies suggest that in a complex development landscape some providers are prioritising the use of aggregated results information for domestic accountability, communication, and performance management over their use for learning and policy direction. In this context, the paper argues that in agency-wide results frameworks development co-operation results are often detached (or de-contextualised) from development results and discusses the implications of this, including the use of standard indicators to measure aggregated outputs. The paper uses case study evidence to discuss and suggest practical ways providers can build and maintain a strong results focus which enables analysis, insights and learning, and has achievement of development outcomes as its objective.
    Keywords: Agenda 2030, aggregation, attribution, data, development co-operation, evidence-based, performance measurement, Results, results frameworks, results-based management, SDGs, standard indicators
    JEL: O19 O2 O20 O21
    Date: 2017–08–17
  3. By: IWAMOTO Koichi
    Abstract: This paper analyzes a typical Japanese offshore wind farm and the discussion about the future of the offshore windfarm in Japan, as the selection of the consortium of the Kitakyushu Hibikinada offshore wind farm ended and the discussion with the project come to be possible. The Kitakyushu Hibikinada offshore wind farm has several features. The first feature is that it is the first commercial offshore wind farm in Japan and is operated completely by private companies which have among the world's largest power capability. The second feature is that the project not only aims for the construction and operation of a wind farm but also the formation of industrial accumulation of wind farm companies. Many Japanese people have never seen a large scale offshore wind farm. If they see one with its enormous white beautiful wings rotating with the wind at the Kitakyushu Hibikinada offshore wind farm, they will eventually be able to recognize wind farms readily. This project will be sure to lead to numerous future offshore wind farm projects that are planned for every district in Japan. That is, this project can be looked at as a "leading project" in Japan, further emphasizing the importance of this project.
    Date: 2017–08
  4. By: IWAMOTO Koichi; HATANO Aya
    Abstract: This paper describes the results of a study on the effect of Internet of Things (IoT) on the economy. In the seminal study, Frey & Osborne (2013) reported that 47% of the total employment in the United States is at risk of computerization. Many studies estimate how automation of work influences employment. In Japan, however, there are few studies which investigate the effect of automation and networking on future employment. It is important to discuss this based on facts and evidence. In chapter 2, we reviewed previous studies which report results of our investigation on automation and future work. These results suggest that there is a consensus as to how automation of work affects future employment and how to prepare for future work. In chapter 4, we introduced how Germany approached this problem; the German government is leading the Arbeiten 4.0 (Work 4.0) project. In chapter 6, we reported the results of a case study of Japanese companies which innovate automation and networking.
    Date: 2017–08

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