nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2023‒10‒23
seven papers chosen by
Arvi Kuura, Tartu Ülikool

  1. Garantir la soutenabilité d’un business model tout en freinant sa croissance : entre la recherche de cohérence et paradoxe By Ilana Bouhafs; Marine Boyaval
  2. A Higher Bar or an Obstacle Course? Peer Review and Organizational Decision-Making in an International Development Bureaucracy By Ranil Dissanayake; Euan Ritchie
  3. An Introduction to Complex Networks in Climate Finance By Alexander P. Kartun-Giles; Nadia Ameli
  5. Diversity of long and dynamic sectors of transition of agri-food systems in the territories : the case of legumes in the Occitanie region By Cécile Guibert; Julien Frayssignes; Michaël Pouzenc
  6. The long-term impact of a resource-based fiscal windfall: evidence from the Peruvian canon By Fernando M. Aragon, Hernan Winkler
  7. Opportunity Cost of Capital, Marginal Cost of Funds and Numeraires in Cost-Benefit Analysis By Szekeres, Szabolcs

  1. By: Ilana Bouhafs (LUMEN - Lille University Management Lab - ULR 4999 - Université de Lille); Marine Boyaval (University of Lille, LUMEN - Lille University Management Lab - ULR 4999 - Université de Lille)
    Abstract: The aims of this paper is to explore and understand the development models induced by alternative entrepreneurial projects, more specifically the paradoxes that arise from the opposition between the genesis of the entrepreneurial project oriented towards a non commercial goal and the unexpected development of it, leading entrepreneurs to constantly define and redefine the notion of growth of their entrepreneurial project, between sustainability, ethics, market interest and the desire to change things on a large scale. For this we have observed the mechanisms put in place by entrepreneurs to maintain sustainability within their project while supporting their growth-decay. We propose to deliver here the first results, focusing on the understanding of the modes of financing and development within the framework of social entrepreneurship in the textile sector.
    Abstract: Ce travail vise à explorer et comprendre les modèles de développement induits par des projets entrepreneuriaux dits alternatifs, plus spécifiquement les paradoxes éventuels entre genèse projet entrepreneurial relativement orienté vers un but non-lucratif et le développement parfois inattendu de celui-ci. Celles-ci amènent les entrepreneurs à constamment définir et redéfinir la notion de croissance de leur projet entrepreneuriaux, entre durabilité, éthique, dynamiques de marché et volonté de changement structurel de la société Nous proposons ici de délivrer les premiers résultats d'une étude de ces paradoxes. Nous avons à cette occasion observé les mécanismes mis en place par les entrepreneurs sociaux du secteur textile pour penser un mode de développement et des modes de financement compatibles avec la soutenabilité de leur business model.
    Keywords: Entrepreneuriat alternatif, Entrepreneuriat social, croissance, business model soutenable
    Date: 2022–11–17
  2. By: Ranil Dissanayake (Center for Global Development); Euan Ritchie (Center for Global Development)
    Abstract: Many public organizations employ technologies of scrutiny such as peer review or quality assurance to improve their performance and decision-making. Such technologies may affect performance and decision-making directly, through scrutiny, and indirectly, through behavioural responses by agents within the organization. We examine one such technology in a large public sector organization in the UK. By comparing the distribution of project sizes before and after the introduction of a system of assurance implemented through a simple decision-rule, we document substantial manipulation by agents designed to avoid scrutiny. Furthermore, there is no evidence that project quality as measured by over- or under-spending and fidelity to the planned completion date is higher among reviewed projects, despite this observed manipulation. Our results suggest that organisations considering such a technology need to investigate both the naïve effect of the technology, and how agents will respond to its existence, setting a new organisational equilibrium.
    Keywords: Bureaucracy, Public Organization, Organizational Behavior
    JEL: D02 D23 D73
    Date: 2022–05–20
  3. By: Alexander P. Kartun-Giles; Nadia Ameli
    Abstract: In this perspective, we introduce recent research into the structure and function of complex investor networks supporting sustainability efforts. Using the case of solar, wind and hydro energy technologies, this perspective explores the complexity in low-carbon finance markets, defined as markets that direct capital flows towards low-carbon technologies, using network approaches to study their structure and dynamics. Investors are modeled as nodes which form a network or higher-order network connected by edges representing projects in which joint funding or security-related insurance was provided or other investment-related interaction occurred. We review the literature on investor networks generally, particularly in the case of complex networks, and address areas where these ideas were applied in this emerging field. The complex investor dynamics which emerge from the extant funding scenarios are not well understood. These dynamics have the potential to result in interesting non-linear behaviour, growth, and decline, which can be studied, explained and controlled using the tools of network science.
    Date: 2023–09
  4. By: Soufiane Kherrazi; Karim Saïd (LAREQUOI - Laboratoire de recherche en Management - UVSQ - Université de Versailles Saint-Quentin-en-Yvelines)
    Abstract: This paper addresses the issue of managerial practices within multilateral R&D collaborations subject to public sponsorship. The aim is to design a model of organisational, economic and social-based practices to manage public-funded consortia, while taking into account the interaction among these practices as well as the moderating effects of relational risks. Relying on a sample of 232 firms involved in European public-funded consortia, our findings show that the selected managerial practices improve the consortium's performance. However, the influence of public sponsorship influences the occurrence of relational risks and thereby the benefits of each practice. The implications of these findings are then discussed.
    Keywords: Managerial practices R&D collaboration consortium public sponsorship, Managerial practices, R&D, collaboration, consortium, public sponsorship
    Date: 2022–09
  5. By: Cécile Guibert (LISST - Laboratoire Interdisciplinaire Solidarités, Sociétés, Territoires - EHESS - École des hautes études en sciences sociales - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville - CNRS - Centre National de la Recherche Scientifique, INP - PURPAN - Ecole d'Ingénieurs de Purpan - Toulouse INP - Institut National Polytechnique (Toulouse) - UT - Université de Toulouse); Julien Frayssignes (LISST - Laboratoire Interdisciplinaire Solidarités, Sociétés, Territoires - EHESS - École des hautes études en sciences sociales - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville - CNRS - Centre National de la Recherche Scientifique, INP - PURPAN - Ecole d'Ingénieurs de Purpan - Toulouse INP - Institut National Polytechnique (Toulouse) - UT - Université de Toulouse); Michaël Pouzenc (LISST - Laboratoire Interdisciplinaire Solidarités, Sociétés, Territoires - EHESS - École des hautes études en sciences sociales - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville - CNRS - Centre National de la Recherche Scientifique)
    Abstract: In a context marked by the affirmation of the framework of agroecological transtion, agrochains strategy is a source of concern, as they are the major part of French agribusiness environment. The understanding of the link between the territorial anchorage of stakeholders and their contribution to transition dynamics in the territories seems to be essential. First, this paper examines agrochain's positioning in a context of transition, then offers a perspective on two pulses chains – emblematic crops agroecological transition – in Occitanie region, the FILEG project and the PGI red label haricot tarbais. This view leads to confront their modes of organisation and to debate in a third part about their respective positioning. Thus, it seems that actors of long agrochains implement strategies at various scales to reach development objectives, but also to benefit from local advantages and large cooperations.
    Abstract: Dans un contexte d'affirmation du cadre de la transition agroécologique, la stratégie des filières longues pose question, puisqu'elles forment l'essentiel du paysage agroalimentaire français. La compréhension de l'articulation entre les formes d'ancrage territorial des acteurs et leur participation aux dynamiques de transition dans les territoires semble essentielle. Cet article interroge le positionnement des filières longues dans un contexte de transition dans un premier temps, puis propose une mise en perspective de deux filières légumineuses – productions emblématiques de la transition agroécologique – en région Occitanie, le projet FILEG et la filière IGP label rouge haricot tarbais. Cette mise en regard conduit à confronter leur mode d'organisation et à discuter dans une troisième partie leur positionnement respectif. Ainsi, il apparaît que les acteurs des filières longues déploient des stratégies à diverses échelles pour répondre à des objectifs de développement, mais aussi pour tirer bénéfice à la fois d'avantages locaux et de coopérations larges.
    Keywords: long chain, agrofood system, transition, pulses, territorial anchorage, Filière longue, Système agroalimentaire, Transition, Légumineuse à graines, Ancrage territorial
    Date: 2022
  6. By: Fernando M. Aragon, Hernan Winkler (Simon Fraser University)
    Abstract: This paper examines the long-term impact of the canon, a resource-based transfer, on local living conditions in Peruvian municipalities. We use the most recent data and several identification strategies with cross-section and panel data. We find no evidence of significant improvements in access to public services, poverty, or inequality. This negligible impact occurs, even though we do observe sizable increases in municipalities’ revenue, personnel, and equipment. We only observe some suggestive, albeit weak, evidence of increased infrastructure projects in local areas, such as the construction and repair of urban roads.
    Date: 2023–09
  7. By: Szekeres, Szabolcs
    Abstract: The question of choice of social discount rate, which is related to the choice of numeraire in CBA, has been unsettled for decades. The solution lies in using both the social time preference rate (STPR) and the social opportunity cost rate (SOCR) simultaneously but in different roles. There are two proposed methods of using the two rates, however, one of which places a great emphasis on the marginal cost of funds (MCF). This paper explores the interaction between these concepts using a numerical example to show how the alternative discounting methods compare and how one of them works even if the SOCR differs from the rate of fall of the value of the possible numeraires.
    Keywords: Social discount rate; STP discounting; SOC discounting; Descriptive discounting; Prescriptive discounting; Two-rate discounting; Shadow Price of Capital; Marginal Cost of Funds.
    JEL: D61 H43
    Date: 2023–09–29

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