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We examine yield spreads, defined as the difference between the yield to maturity of the risky bank bond and that of a risk-free bond with similar maturity and other characteristics, after controlling for market, liquidity and tax factors. We use senior bonds issued by banks since one of the goals of the Dodd–Frank Act (DFA) is to reduce the possibility of a full-fledged bailout of banks. If markets do not believe that banks will be bailed out, senior bondholders will bear a higher exposure to default risks, and such risk perceptions will be reflected in the yield spread levels.

We use generalized method of moments (GMM) for parameter estimation with standard errors corrected for autocorrelation and heteroskedasticity using the Newey–West (1987) procedure with five lags.

Our results indicate a discount of 133 basis points in yield spreads due to the TBTF or too-big-to-fail factor prior to the DFA. However, the market charges a net premium of 36 basis points for the TBTF factor immediately after the DFA (a total change of 169 basis points). We examine commercial banks and noncommercial banks (primarily investment banks and insurance firms) separately. For commercial banks, the discounts observed prior to the DFA changes to a premium after the DFA. For investment banks, the higher premium charged prior to the DFA is reduced after the DFA.

Not all banks issue bonds and not all issued bonds trade in the secondary market frequently.

After the Great Recession, there is a sustained effort across the globe, to remove the possibility of a bailout of very large banks. With systemic risk monitoring, improved capital regulation, stress testing and other regulations on banks and other shadow banking organizations, the question of whether market perceives implicit guarantee of very large financial institutions. We have examined a new security that is not treated as capital.

If taxpayer bailouts are avoided, such resources can be used for other developmental purposes. The moral hazard problems of bank manager are also reduced.

We are the first to exclusively examine the senior bonds issued by banks around the enactment of the DFA, 2010.

Construction organizations' investment in effective talent-development programs is a key strategy in attracting, developing and retaining staff. Such programs are especially important given the current challenges in the construction workforce, including labor shortages, an aging workforce, generational differences in the workforce, supply chain disruptions and the need to effectively train staff in the skills that are essential in a constrained labor environment. To address these challenges, this study proposes a performance measurement strategy that construction companies can use as input to design their talent development programs.

The strategy intends to assess the performance of project managers and develop criteria that define categories of their performance, including the top performers' category. This enables construction organizations to provide each project manager with individualized training that addresses areas of weakness and in turn, develops the skills that correspond with being top performers. The proposed strategy was developed and tested by surveying the immediate supervisors of 187 project managers working for general and specialty contractors in the United States. Principal component analysis was used to develop a single performance construct from seven performance criteria.

This construct was used to organize the project managers into the categories of top, above-average and below-average performers. According to the findings, top-performing project managers have well-rounded skills in the areas of leadership, communication, technical proficiency and overall job knowledge.

The outcomes of this study can help construction organizations focus their talent-development programs on the skills most associated with PMs being top performers.

This study provides construction organizations with a comprehensive performance-measuring construct to focus their talent-development programs on the skills most associated with top-performing project managers. Researchers can use this study as a foundation for further understanding how performance is related to various construction professions.

This chapter contributes to the literature on domestic food provisioning and food insecurity in contemporary Europe, focusing on lone-parent households living with a disability or long-term health condition, either of a parent and/or a child, in the United Kingdom and Denmark. Taking a comparative case approach, it examines parents' strategies to achieve food security through practices of ‘domestic food provisioning’ that draw on resources within and outside the household. Taking account of the multiple layers of context in which provisioning practices are embedded, this chapter identifies factors or mechanisms that enhance or reduce food security for families living with a disability or long-term health condition. At the micro-level of food preparation, these families experience challenges including cooking and requirements for labour-saving equipment, providing meals that meet the needs of selective eaters (often children), the need to rely on their children's help and for outsourced domestic labour through buying ready-made foods. At the meso-level of procurement and ‘physical access’ to shops, transport is crucial, with households experiencing differences in service provision. At the macro-level of national welfare systems and ‘economic access’ to food, this chapter points to evidence that Britain provides insufficient financial provision for those with a disability or long-term health condition compared with Denmark, differences reflected in the depth and rates of poverty and food insecurity between these countries. However, as the cases in both countries demonstrate, welfare benefits provide insufficient financial resources to access adequate nutritious food or meet customary norms.

The main purpose of this study is to test whether ethical financial behavior as a mediator promotes microfinance inclusion and survival of the poor young women microenterprises in rural Uganda.

The methods recommended by Kenny et al. (1998); Shrout and Bolger (2002); MacKinnon et al. (2004); and Preacher and Hayes (2004) were used to establish the existence of non-zero monotonic association between microfinance inclusion and survival through testing the mediating effect of ethical financial behavior in SmartPLS.

The results from the structural equation modeling revealed a significant full mediating effect of ethical financial behavior in the relationship between microfinance inclusion and survival of the poor young women microenterprises. Microfinance inclusion and ethical financial behavior explain 62 % of the variation in survival of the poor young women microenterprises in rural Uganda.

Whereas significant results were obtained from this study, the data were collected only from rural-based poor young women microenterprises located in northern Uganda. Extending the sample to cover the whole country may provide a more representative picture. Besides, it would be useful to compare results across developing countries as this may provide information about the generality of our findings.

The findings from this study can be useful to managers of microfinance institutions in developing countries to adopt practice that can promote financial discipline among rural poor young women microentrepreneurs. Routine financial education and business mentorship can be organized through workshops, trainings and seminars to teach rural poor young women microentrepreneurs how to manage money, especially business loans borrowed from the microfinance institutions to put it into right use. This can help them to meet timely loan repayment to increase access to future microfinance loans.

This study provides the first evidence on the use of the theory of planned behavior (TPB) and theory of reasoned action (TRA) to explain microfinance inclusion of the poor young women microentrepreneurs in rural Uganda. The study uses a blend of TPB and TRA derived from psychology and sociology to explain repayment intention and ethical behaviors of the poor young women borrowers, which determines the microfinance lending cycle to make microcredit available for them to engage in entrepreneurship to come out of poverty to attain wellbeing.

The rapidly growing medical tourism sector impacts sending and receiving countries’ health systems. It is growing rapidly, and medical procedures, technology and high-quality healthcare are expensive and unequal. Low-to-middle-income countries’ citizens travel abroad for better healthcare for cost or other reasons. Medical tourism in developing countries is poorly understood, despite empirical studies from developed countries and various disciplines. This paper aims to analyze the motivational factors that influence Nepalese patients’ decisions to seek outbound medical tourism in Nepal.

The study adopted a quantitative approach. The study purposefully included individual patients who had undergone medical treatment abroad to form the sample for research purposes. Among the 400 respondents, 382 responses were deemed the final sample size. A questionnaire was developed on a seven-point Likert scale. The study proceeded with a sequential analysis approach, commencing with the evaluation of the measurement model before conducting path analysis to test the hypotheses and present the model estimates.

The study found that the individuals supported outbound medical tourism and were open to medical treatment abroad. Outbound medical tourism is highly related to service quality and word-of-mouth communication along with the insurance policy, language and culture, treatment cost and procedural safety. However, service quality and word-of-mouth communication significantly affect outbound medical tourism, with service quality having a large effect. These findings of the study shed a different dynamics of the factors influencing Nepalese individuals’ decision regarding outbound medical tourism.

This study focuses to a developing country in which the country’s healthcare system lacks proper infrastructure and services, is overcrowded, lacks expertise and technology and private hospitals are scarce. As a result, more people are seeking treatment across borders. Though researchers from developed countries and different disciplines have carried out empirical studies on medical tourism, little is known about this phenomenon in developing countries. Therefore, this study explores the motivational factors for outbound medical tourism in Nepal. This study addresses these key research issues to highlight Nepal’s underexplored outbound medical tourism and its drivers.

This paper aims to examine the barriers to adopting collaboration in architectural design studios from the instructors' perspectives and explore strategies to overcome barriers.

Semi-structured interviews were conducted with 14 coordinators in architecture and interior architecture design studios to gather insights into their experiences and perspectives on collaboration. Thematic analysis was employed to identify key themes and patterns in the data.

The study reveals that collaboration is highly valued by instructors for its potential to enhance creativity, problem-solving abilities, and preparation skills among students. However, the study identified several barriers, such as student conflicts, coordination challenges, cultural differences, and technological constraints.

The instructors recommended specific strategies to promote collaboration in architectural design studios. These strategies include involving students in collaborative projects, providing training in collaboration skills, striking a balance between online and in-person activities, and developing supportive policies and skills. Implementing these strategies can help design programmemes that prepare students for professional success and future careers.

This study sheds light on the importance of integrating collaboration skills in architectural education. By exploring barriers and suggesting strategies, it provides valuable insights for educators and encourages further research into the implementation of these strategies. Design programmes can benefit from adopting a multifaceted approach to foster collaboration among students, thereby enhancing their learning experience and future prospects.

This study uses bibliometric visualization techniques to comprehensively review the intertwined concepts of dark tourism, thana tourism and ghost tourism from 2000 to 2023. The research seeks to clarify the ambiguity and inconsistencies arising from the interchangeable use of these terms and sets forth a roadmap for future research endeavors.

This study meticulously extracts research keywords from 634 scholarly papers in the Scopus database. It undertakes a thorough bibliometric analysis utilizing the visualization of similarities (VOS) viewer and RStudio to map the interconnectedness of these tourism phenomena.

The study identifies and explores contemporary theories such as self-categorization theory, stimulus-organism-response theory, embodiment theory, self-determination theory, socio-cognitive theory, risk perception theory, services theory, dark tourism theory, social and cultural theory, push-pull theory, performance theory, and wound culture theory. The research reveals four primary clusters through keyword co-occurrence and bibliographic coupling analyses: dark tourism insights, dynamics of dark tourism, dark tourism review and dark tourism experiences, illustrating their interrelationships and robustness.

Dark tourism insights can guide ethical practices, ensuring respectful site management and accurate historical representation. Integrating dark tourism into broader destination strategies can diversify offerings, attract niche markets and contribute to preserving historical memory through reflective experiences.

This study's outcomes significantly contribute to tourism literature by enhancing our understanding of the overlapping terminologies associated with dark, thana and ghost tourism. This improved comprehension sheds light on the importance of the research agenda surrounding the concept of dark, thana and ghost tourism.