The Road to Poverty Reduction: Corporate Governance and Female Participation in MFIs

1.Microfinance Industry – Context of Analysis. This paper is an introduction to the microfinance industry. It serves as a context of analysis, for the empirical settings and basis for building the theoretical argument for the thesis. 2.Women in Microfinance Institutions: The Road to Poverty Reduction and Gender Equality? One of the unique aspects of microfinance institutions is their focus on outreach, i.e. their ability to reach the poor. This paper explores whether the presence of women in microfinance institutions is associated with improved outreach. Building on prior research that shows that women tend to improve financial performance and social responsibility, we examine an original dataset of 226 microfinance institutions. The empirical results suggest that the presence of a female CEO, female managers and female loan officers is directly related to improved outreach, while the presence of women board members is not. 3. Women in Microfinance Institutions: Is There a Trade-Off Between Outreach and Sustainability? Abstract This paper’s contribution to the understanding of microfinance is two-fold. First, while it has been shown that female CEOs in MFIs increase financial performance, it will be argued that female managers, female loan officers and female board members will do the same. Secondly, having previously shown that having a female presence in management in MFIs improves social performance the outreach, it will be argued that having females in the MFIs’ management will not lead to a trade-off between outreach and sustainability. These findings are based on an original data set of 226 MFIs. Statistical analysis demonstrates that a weak relationship between female managers and female loan officers vis-à-vis financial performance, but female board members do not. The trade-off between outreach and sustainability can be avoided with the appointment of females to the MFIs’ management positions, but the same cannot be concluded for female board members.

Essays in Applied and Labor Economics

This thesis consists of three chapters. First and second chapter include original research papers with the focus of health behavior and refugee migration. In the context of a high-income developing country, Turkey, I provide new insights for the established policy discussions in the literature. Then, third chapter reviews the literature and perspectives on the determinants of attitude formation towards migration policy and migrants. This chapter extends the discussion in Chapter 2 and aims at understanding the reasons of recent global trends in anti-migration attitudes. In Chapter 1, I investigate the effects of education on the early investments of mothers in their children aged between 0-5. Exploiting a compulsory schooling reform, I document the causal effects of education on young mothers' health investments during pregnancy and postnatal period. Results suggest that there are positive effects on the use of health care services, while no effects on breast- feeding or vaccination take-ups. These results can be put into context through newly implemented Health Transformation Program in the country. I show that educated mothers use new services more and empowerment effects of the education have a role in the service use. This study gives important policy lessons to improve mothers' health care use and early child conditions in developing countries. In Chapter 2, I investigate the effects of refugee inflow on the voting behavior of natives. I use a novel data provided by a telecommunication company, focus on pre and post refugee inflow elections and investigate the vote share of the party announced "open-door" policy. Analysis suggests that although refugees and natives are culturally closer than the Western country contexts, small negative effects documented are likely be driven by non-economic reasons. These findings bring a new perspective to understand why anti-immigrant sentiments are easy to use and manipulate.

Analysis and improvements of four-wire power converters for electric vehicle chargers

A robust and well-distributed backbone charging network is the priority to ensure widespread electrification of road transport, providing a driving experience similar to that of internal combustion engine vehicles. International standards set multiple technical targets for on-board and off-board electric vehicle chargers; output voltage levels, harmonic emissions, and isolation requirements strongly influence the design of power converters. Additionally, smart-grid services such as vehicle-to-grid and vehicle-to-vehicle require the implementation of bi-directional stages that inevitably increase system complexity and component count. To face these design challenges, the present thesis provides a rigorous analysis of four-leg and split-capacitor three-phase four-wire active front-end topologies focusing on the harmonic description under different modulation techniques and conditions. The resulting analytical formulation paves the way for converter performance improvements while maintaining regulatory constraints and technical requirements under control. Specifically, split-capacitor inverter current ripple was characterized as providing closed-form formulations valid for every sub-case ranging from synchronous to interleaved PWM. Outcomes are the base for a novel variable switching PWM technique capable of mediating harmonic content limitation and switching loss reduction. A similar analysis is proposed for four-leg inverters with a broad range of continuous and discontinuous PWM modulations. The general superiority of discontinuous PWM modulation in reducing switching losses and limiting harmonic emission was demonstrated. Developments are realized through a parametric description of the neutral wire inductor. Finally, a novel class of integrated isolated converter topologies is proposed aiming at the neutral wire delivery without employing extra switching components rather than the one already available in typical three-phase inverter and dual-active-bridge back-to-back configurations. The fourth leg was integrated inside the dual-active-bridge input bridge providing relevant component count savings. A novel modified single-phase-shift modulation technique was developed to ensure a seamless transition between working conditions like voltage level and power factor. Several simulations and experiments validate the outcomes.

La condizione degli stranieri nello spazio dell'Unione Europea verso una nozione autonoma di cittadinanza europea?

The thesis analyses and examines the relevant developments of EU law since the EU institutions have been granted competence in matters of entry and residence of nationals of third countries within the space of the European Union, as governed by Title IV of the Treaty establishing the European Community (now Title V of the Treaty on the Functioning of the European Union) and by the ensuing norms. Based on these data my research aims to reconstruct the current state of EU legislation in matters of entry and residence of third country nationals in order to establish the extent of the EU’s competence into immigration and asylum, also in relation to the erosion of the Member States’ competence into the same areas. The most significant sign of this evolution is the recognition of the right of third-country nationals who are long-term residents to move and reside within the territory of other Member States. The increased use of the EU’s territory by third country nationals has led to the problem of the evolution of the concept of EU citizenship, and in particular to the most significant content of the question, namely the right to move freely. With regard to this aspect EU citizenship could be free from the requirement of nationality of a Member State, so as to be strictly related to the right of free use of the territory, as established by the internal market. This concept could also include the nationals of third countries.

La dimensione esterna della politica migratoria dell'UE

Conformemente ai trattati, l'UE sviluppa una politica comune in materia di asilo, immigrazione e controllo delle frontiere esterne, fondata sulla solidarietà e sul rispetto dei diritti fondamentali e, a tal fine, avvia relazioni strategiche con i Paesi terzi e le Organizzazioni internazionali. Un fenomeno “senza frontiere”, quale quello migratorio, esige del resto un'azione coerente e coordinata sia sul piano interno sia su quello esterno. La messa in atto di quest'ultima, tuttavia, si scontra con difficoltà di rilievo. Innanzitutto, l'UE e i suoi Stati membri devono creare i presupposti per l'avvio della collaborazione internazionale, vale a dire stimolare la fiducia reciproca con i Paesi terzi, rafforzando la propria credibilità internazionale. A tal fine, le istituzioni, gli organi e gli organismi dell'UE e gli Stati membri devono impegnarsi a fornire un modello coerente di promozione dei valori fondanti, quali la solidarietà e il rispetto dei diritti fondamentali, nonché a coordinare le proprie iniziative, per individuare, insieme ai Paesi terzi e alle Organizzazioni internazionali, una strategia d'azione comune. In secondo luogo, l'UE e gli Stati membri devono adottare soluzioni volte a promuovere l'efficacia della collaborazione internazionale e, più precisamente, assicurare che la competenza esterna sia esercitata dal livello di governo in grado di apportare il valore aggiunto e utilizzare la forma collaborativa di volta in volta più adeguata alla realizzazione degli obiettivi previsti. In definitiva, l'azione esterna dell'UE in materia di politica migratoria necessita di una strategia coerente e flessibile. Se oggi la coerenza è garantita dalla giustiziabilità dei principi di solidarietà, di rispetto dei diritti fondamentali e, giustappunto, di coerenza, la flessibilità si traduce nel criterio del valore aggiunto che, letto in combinato disposto con il principio di leale cooperazione, si pone al centro del nuovo modello partenariale proposto dall'approccio globale, potenzialmente idoneo a garantire la gestione efficace del fenomeno migratorio.

Il microcredito in alcuni Paesi europei: strumento polimorfo tra inclusione sociale e sviluppo finanziario.

La tesi analizza il fenomeno del microcredito in Europa, approfondendo le cause che hanno reso necessaria l’introduzione di questo strumento finanziario anche in economie profondamente diverse da quella in cui ha avuto origine ed esamina le trasformazioni che lo strumento ha subito durante il suo processo di adattamento ai paesi evoluti. Lo studio esamina il microcredito in Francia, Inghilterra, Spagna e Germania, soffermandosi ad analizzare, in ognuno dei suddetti Stati, la disciplina giuridica adottata (qualora esistente), le istituzioni micro finanziarie esistenti, le caratteristiche del settore e le fonti di finanziamento. L’obiettivo dell’analisi è pertanto quello di comprendere come nei Paesi europei convivano contemporaneamente modelli di microcredito profondamente diversi, a seconda del contesto economico, politico e sociale nel quale trovano applicazione. La tesi si concentra ad analizzare il microcredito in Italia, valutando il rapporto esistente tra questo strumento finanziario ed il problema dell’esclusione sociale, dell’immigrazione e dell’usura. Lo studio approfondisce, inoltre, la disciplina giuridica del microcredito adottata in Italia dopo le recenti modifiche introdotte dal D.lgs n. 169/2012. Il lavoro si sofferma ad analizzare, altresì, se e quali interventi, a livello internazionale ed europeo, sono stati programmati per dare al microcredito una cornice legislativa unitaria e per promuoverne lo sviluppo. L’attività di ricerca infine è volta a valutare, sulla base delle esperienze descritte dalla letteratura del settore, gli effetti prodotti dal microcredito, nonché ad approfondire alcune problematiche comuni ai programmi adottati negli Stati europei, quali la sostenibilità delle istituzioni di microcredito, la dipendenza dai sussidi e l’applicazione di tassi di interesse elevati. La tesi si conclude con l’analisi del rapporto esistente tra microcredito e crisi finanziaria, in un periodo storico in cui le politiche per l’occupazione ed il sostegno alla piccola impresa sono fondamentali per stimolare la ripresa economica.

The integration of immigrant-origin youths in Japan

The steadily growing immigration phenomenon in today’s Japan is showing a tangible and expanding presence of immigrant-origin youths residing in the country. International research in the migration studies area has underlined the importance of focusing on immigrant-origin youths to shed light on the character of the way immigrant incorporate in countries of destinations. In-deed, immigrants’ offspring, the adults of tomorrow, embody the interlocutor between first-generation immigrants and the receiving societal context. The extent of the presence of immigrants’ children in countries of destination is also a reliable yardstick to assess the maturation of the migration process, transforming it from a temporary phenomenon to a long-term settlement. Within this framework, the school is a privileged site to observe and analyze immigrant-origin youths’ integration. Alongside their family and peers, school constitutes one of the main agents of socialization. Here, children learn norms and rules and acquire the necessary tools to eventually compete in the pursuit of an occupation, determining their future socioeconomic standing. This doctoral research aims to identify which theoretical model articulated in the area of migration studies best describes the adaptation process of immigrant-origin youths in Japan. In particular, it examines whether (and to what extent) any of the pre-existing frameworks can help explain the Japanese occurring circumstances, or whether further elaboration and adjustment are needed. Alternatively, it studies whether it is necessary to produce a new model based on the peculiarities of the Japanese social context. This study provides a theoretical-oriented contribution to the (mainly descriptive but maturing) literature on immigrant-origin youths’ integration in Japan. Considering past growth trends of Japanese immigration and its expanding prospective projections (Korekawa 2018c), this study might be considered pioneering for future development of the phenomenon.

Hardware and software development of a multichannel readout board named CARLOSrx for the ALICE experiment

ALICE, that is an experiment held at CERN using the LHC, is specialized in analyzing lead-ion collisions. ALICE will study the properties of quarkgluon plasma, a state of matter where quarks and gluons, under conditions of very high temperatures and densities, are no longer confined inside hadrons. Such a state of matter probably existed just after the Big Bang, before particles such as protons and neutrons were formed. The SDD detector, one of the ALICE subdetectors, is part of the ITS that is composed by 6 cylindrical layers with the innermost one attached to the beam pipe. The ITS tracks and identifies particles near the interaction point, it also aligns the tracks of the articles detected by more external detectors. The two ITS middle layers contain the whole 260 SDD detectors. A multichannel readout board, called CARLOSrx, receives at the same time the data coming from 12 SDD detectors. In total there are 24 CARLOSrx boards needed to read data coming from all the SDD modules (detector plus front end electronics). CARLOSrx packs data coming from the front end electronics through optical link connections, it stores them in a large data FIFO and then it sends them to the DAQ system. Each CARLOSrx is composed by two boards. One is called CARLOSrx data, that reads data coming from the SDD detectors and configures the FEE; the other one is called CARLOSrx clock, that sends the clock signal to all the FEE. This thesis contains a description of the hardware design and firmware features of both CARLOSrx data and CARLOSrx clock boards, which deal with all the SDD readout chain. A description of the software tools necessary to test and configure the front end electronics will be presented at the end of the thesis.

Innovative architecture of on-board and on-ground radio systems for space communication

The radio communication system is one of the most critical system of the overall satellite platform: it often represents the only way of communication, between a spacecraft and the Ground Segment or among a constellation of satellites. This thesis focuses on specific innovative architectures for on-board and on-ground radio systems. In particular, this work is an integral part of a space program started in 2004 at the University of Bologna, Forlì campus, which led to the completion of the microsatellite ALMASat-1, successfully launched on-board the VEGA maiden flight. The success of this program led to the development of a second microsatellite, named ALMASat-EO, a three-axis stabilized microsatellite able to capture images of the Earth surface. Therefore, the first objective of this study was focused on the investigation of an innovative, efficient and low cost architecture for on-board radio communication systems. The TT&C system and the high data rate transmitter for images downlink design and realization are thoroughly described in this work, together with the development of the embedded hardware and the adopted antenna systems. Moreover, considering the increasing interest in the development of constellations of microsatellite, in particular those flying in close formations, a careful analysis has been carried out for the development of innovative communication protocols for inter-satellite links. Furthermore, in order to investigate the system aspects of space communications, a study has been carried out at ESOC having as objective the design, implementation and test of two experimental devices for the enhancement of the ESA GS. Thus, a significant portion of this thesis is dedicated to the description of the results of a method for improving the phase stability of GS radio frequency equipments by means of real-time phase compensation and a new way to perform two antennas arraying tracking using already existing ESA tracking stations facilities.