The Republic's activities, and the impact of our research.

Recent Project: Improving International Access to Credit Markets

Our latest study currently being conducted for the City of London Corporation investigates the development of credit markets across the world and identifies appropriate policy measures and reforms which will enable market expansion and growth via increased international accessibility.

Credit markets have become crucial instruments in fostering on-going global growth since the 2008 crisis; this emerging phenomenon has been driven in part by quantitative easing programmes and increasing emerging market appetite for credit.

The City of London Corporation commissioned us to conduct a study which would produce a staged model of credit market development with correlate policy lessons across and within different stages of development.

We have begun to distinguish credit markets by their potential scope for growth vis-à-vis their capability to grow. Looking at credit markets this way will enable us in our final report to map an empirical journey of changes in national policy priorities whereby as scope for growth and capability to grow change, so too does the attendant policy mix geared to facilitating growth and expansion. This policy map will help us to generate policy recommendations which directly pertain to the stage of development a particular credit market is at.

We have paid close attention to the imminent establishment of an integrated (European) Capital Markets Union (CMU) and to London’s geo-economic relationship to the CMU.

We have focused on innovative and nascent credit markets, and we will be providing substantive recommendations to the City of London Corporation on how London can be made instrumental in the development of these markets.

The study has delivered a comprehensive scoring of the development of 59 countries (accounting for 87% of global GDP) across seven key components of effective and functioning credit markets. We have also disaggregated the data by region and debt maturity profile. The report is due for publication in spring 2016; we will be highlighting the final results here on our website too.


'The Data Dividend' Report Published by DEMOS

Earlier this month, our collaborative report ‘The Data Dividend’, written with Max-Wind Cowie, was published by DEMOS. Considering that data is a fundamental element of the Coalition government’s reform agenda, it notes that there are considerable concerns about the legitimacy, effectiveness and sheer volume of data produced in public service provision. How data is actually to deliver on its promise of efficiency gains and democratic enhancement also requires informed strategy. In this report, we provide evidence that instead of increasing flows of data for their own sake, data work best as part of a transformative approach to service provision.

Last Updated ( Thursday, 29 March 2012 14:23 )

Research Republic Launches Democratic Management Project

Research Republic, in collaboration with a consortium of universities, foundations and practitioners, is developing a project on Democratic Management. It focuses on the public manager as the champion and facilitator of innovation in public services. Drawing on our work on Public Value, organisational democracy and public service responsiveness – as well as a body of empirical study into co-production, organisational change and participatory practices – we are locating sources of social and organisational productivity that managers can draw upon using democratic practices.

For more information, see our Projects page.

Read our concept paper, Democratic Management and Public Sector Reform.


Research Republic Presents to Inaugural Meeting of Commission on Ownership

Republic Directors Rohit Lekhi and Ricardo Blaug attended the first meeting of the new Commission on Ownership at the House of Commons today. Their presentation clarified the impact of ownership on the motivation and engagement of employees, corporate governance, and the responsiveness and efficiency of public services. Contrasting shareholder and stakeholder models of ownership, they concluded that changes in ownership must be accompanied by stakeholder influence in decision-making.

The independent Commission on Ownership was announced late last year by the Cabinet Office Minister Tessa Jowell MP and is tasked with examining Government's responsibility for “ensuring diverse and fair ownership in Britain”. It will investigate the effects of different ownership structures on corporate behaviour and also citizen and employee involvement in public services. The Minister has expressed interest in the adaptability of mutuals for running public services and their ability to extend ownership rights to the communities they serve. Accordingly, the campaigning society Mutuo's Peter Hunt also outlined recent developments in the mutual sector at today's meeting.

The commission's membership includes:

Chair: Will Hutton (Executive Vice Chairman, The Work Foundation); Lady Sylvia Jay (Vice Chairman, L’Oreal plc); Peter Marks (Group Chief Executive, The Co-operative Group); Charlie Mayfield (Chairman, John Lewis Partnership); Colin Melvin (Chief Executive, Hermes Equity Ownership Services); Jonathan Michie (President, Kellogg College, Oxford University); Paul Mullins (Member, Industrial Development Advisory Board); Oliver Nyumbu (Chief Executive, Caret Ltd); Richard Reeves (Director, Demos) and Ruth Sunderland (Business Editor, The Observer).



Research Republic Presents New Research to Good Work Commission

Research Republic has contributed important new research to the Good Work Commission, launched today at The Work Foundation. This independent commission will conduct a comprehensive investigation into the UK workplace, taking into account the broad range of economic, social and even moral issues that underpin working life. Following up on previous investigations into the concept of good work, Research Republic has delivered two provocation papers, 'Smoke, Mirrors and the Employment Relationship' and 'Ownership and Good Work'. The first investigates changes and pressures on the employment relationship, and makes recommendations on addressing them. The second makes important links between the concept of good work and current interest in new forms of ownership.

The Good Work Commission's membership consists of:

Chair: Alan Parker (Founder and Chairman, Brunswick Group); Clare Chapman (Director General of Workforce,The Department of Health); Rt Rev Richard Chartres (Bishop of London); Adam Crozier (Chief Executive, Royal Mail); John Hanner (General Secretary, Union of Shop, Distributive and Allied Workers); Peter Housden MP (Permanent Secretary, Department of Communities and Local Government); Will Hutton (Executive Vice Chair, The Work Foundation); Jim McAuslan (General Secretary, British Airline Pilot's Association); Carolyn McCall (Chief Executive, Guardian Media Group); Peter Sands (Group Chief Executive, Standard Chartered); John Varley (Group Chief Executive, Barclays) and Kim Winser OBE (Former Chief Executive, Pringle and Aquascutum).

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