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PurposeThis paper investigates the endogenous relationships between banking performance and social welfare in Southern African Development Community (SADC) countries.Design/methodology/approachA comprehensive three-stage multi-criteria decision-making (MCDM) approach based on alternative informational assumptions is applied.FindingsResults indicate that banking performance is paradoxically associated with stagnant economic activity and higher wealth concentration for the minority. The authors found that SADC banking performance promotes higher Human Development Index (HDI) standards possibly via efficient financial intermediation, dissemination of best managerial practices and other forms of positive spillovers in these countries.Originality/valueThis paper contributes to the MCDM literature by simultaneously exploring the key concepts of "utility functions" (using COPRAS) and "distance to ideal solutions" (using TOPSIS) in mapping and explaining the feedback and cause-effect processes between banking performance and social welfare that may exist. Another distinctive aspect is related to the computation of bias-free criteria weights, using a robust SWARA order-rank based on information entropy. Finally, this paper is concerning the endogeneity measurement, using a novel stochastic structural relationship non-linear programme.

AbstractThe Healthcare sector is increasing in importance and relative size in BRICS countries (Brazil, Russia, India, China, South Africa). Despite BRICS relevance, the financial performance of their healthcare companies has been scarcely studied. This research fills this literature gap not only by focusing on the impacts of such diverse business environments on the financial performance of healthcare providers but also by proposing a novel approach to estimate an overall financial performance index based on weighted additive utility functions given a set of financial performance criteria. Precisely, bootstrapped Singular Value Decomposition is the cornerstone for identifying an orthogonal base of rotated financial performance criteria, upon which partial utility functions (PUFs) are estimated using locally estimated scatterplot smoothing (LOESS) polynomial regression. A compromise weighting scheme between singular values and quadratic programming results for minimal covariance and joint entropy matrices of residuals was used for summing up the PUFs. Results indicate that the values of financial performance range between 0.7 and 0.85. We further find that current assets, level of debt and liability, the company's Tobin Q are related to the financial performance. Besides, business freedom, government integrity, tax burden, monetary freedom and government spending are also the determinants of financial performance.

AbstractGlobal health is on the threshold of a new era, facing major threats such as infections, non‐communicable diseases, and the challenges of globalization itself (the effects of climate change, trade policies on health), in a multifaceted global context of diverse societies, norms, values, interests, and inequalities.However, facing the challenges presented by health crises requires high volumes of financial and human resources, and cooperation efforts between different actors, which makes the challenge even more complex for developing countries. In this context, the formation of interorganizational networks, involving individuals and public and private organizations, is fundamental to face various outbreaks.This study, based on the case of the Zika virus outbreak in Brazil in 2015, aims to analyze the governance of an interorganizational health emergency network. The results point out new perspectives to identify and deal with these interorganizational networks' challenges, such as the coordination of institutional and individual actors, conflicts, issues related to the network's leadership, learning and mobilization regarding health emergencies – particularly in situations where there is little knowledge and evidence about the risks and effects of viruses and other pathogens, which makes the act of declaring emergency politically controversial.