This article explores the impact that XBRL, the new business reporting language, will have on reporting in financial services companies. The author explains how XBRL works and how…
Abstract
This article explores the impact that XBRL, the new business reporting language, will have on reporting in financial services companies. The author explains how XBRL works and how it should mean that companies and users of corporate information will be able to use financial services, which is much more reliant than other business entities on simple data, will be able to assess the impact of the financials in a much faster and more fluent way. The author provides a short research programme to prove XBRL’s impact.
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Following on from the ground‐breaking article in Balance Sheet, Volume 8 Issue 4 by Charles Garthwaite, the author describes how XBRL, the language of risk, has developed…
Abstract
Following on from the ground‐breaking article in Balance Sheet, Volume 8 Issue 4 by Charles Garthwaite, the author describes how XBRL, the language of risk, has developed recently. XBRL is the business reporting language which is revolutionising the way that information is both gathered and accessed. The author explains how it works and guides the reader through the way that it is being developed, with examples of how it will be used.
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Purpose – This chapter explores the use of music and celebrity endorsements in political campaigns of the United States. It focuses on two aspects: (1) the…
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Purpose – This chapter explores the use of music and celebrity endorsements in political campaigns of the United States. It focuses on two aspects: (1) the legality of a political campaign’s use of music at rallies and in advertisements without authorization from the owner of the musical work and (2) a review of the literature on the potential effect of the use of music in political campaigns on voter behavior.
Design/methodology/approach – A brief history of the use of music in political campaigns precedes an examination of the expansion of copyright law protection for music and the legal claims musicians may raise against the unauthorized use of music by political campaigns. The chapter then reviews the potential effect of political campaigns’ use of music and celebrity endorsements on voter behavior.
Findings – A musician’s primary legal protection falls under copyright law, but the courts disagree on whether the unauthorized use of music at political rallies and in political campaign advertisements results in copyright infringement. Social research suggests music and celebrity endorsements affect voter behavior with a likely greater effect on first-time voters.
Originality/value of chapter – This chapter introduces the complicated application of copyright law to the unauthorized use of musical works by political campaigns. Additionally, it notes the limited research on the effect of music and celebrity endorsements on voter behavior even as political campaigns increasingly target niche demographics with specific music selections to motivate voters to vote.
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Craig Garthwaite, Meghan Busse, Jennifer Brown and Greg Merkley
Founded in 1971 and acquired by CEO Howard Schultz in 1987, Starbucks was an American success story. In forty years it grew from a single-location coffee roaster in Seattle…
Abstract
Founded in 1971 and acquired by CEO Howard Schultz in 1987, Starbucks was an American success story. In forty years it grew from a single-location coffee roaster in Seattle, Washington to a multibillion-dollar global enterprise that operated more than 17,000 retail coffee shops in fifty countries and sold coffee beans, instant coffee, tea, and ready-to-drink beverages in tens of thousands of grocery and mass merchandise stores. However, as Starbucks moved into new market contexts as part of its aggressive growth strategy, the assets and activities central to its competitive advantage in its retail coffee shops were altered or weakened, which made it more vulnerable to competitive threats from both higher and lower quality entrants. The company also had to make decisions on vertical integration related to its expansion into consumer packaged goods.
Understand how strategy needs to be adapted to new contexts. Understand how to manage tradeoffs involved in growth. Be able to identify possible threats to competitive advantage as a result of growth.
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This chapter reviews the existing empirical evidence on how social insurance affects health. Social insurance encompasses programs primarily designed to insure against health…
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This chapter reviews the existing empirical evidence on how social insurance affects health. Social insurance encompasses programs primarily designed to insure against health risks, such as health insurance, sick leave insurance, accident insurance, long-term care insurance, and disability insurance as well as other programs, such as unemployment insurance, pension insurance, and country-specific social insurance programs. These insurance systems exist in almost all developed countries around the world. This chapter discusses the state-of-the art evidence on each of these social insurance systems, briefly reviews the empirical methods for identifying causal effects, and examines possible limitations to these methods. The findings reveal robust and rich evidence on first-stage behavioral responses (“moral hazard”) to changes in insurance coverage. Surprisingly, evidence on how changes in coverage impact beneficiaries’ health is scant and inconclusive. This lack of identified causal health effects is directly related to limitations on how human health is typically measured, limitations on the empirical approaches, and a paucity of administrative panel data spanning long-time horizons. Future research must be conducted to fill these gaps. Of particular importance is evidence on how these social insurance systems interact and affect human health over the life cycle.
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Jakob Cakarnis and Steve Peter D'Alessandro
This paper investigates the determinants of credit card use and misuse by student and young professionals. Critical to the research is the impact of materialism and knowledge on…
Abstract
Purpose
This paper investigates the determinants of credit card use and misuse by student and young professionals. Critical to the research is the impact of materialism and knowledge on selection of the appropriate credit card.
Design/methodology/approach
This study uses survey research and partial least squares to investigate credit card behaviors of students versus young professionals.
Findings
In a comparative study of young professionals and students, it was found that consumer knowledge, as expected, leads to better consumer selection of credit cards. Materialism was also found to increase the motivation for more optimal consumer outcomes. For more experienced consumers, such as young professionals, it was found that despite them being more knowledgeable, they were more likely to select a credit card based on impulse.
Originality/value
This paper examines how materialism may in fact encourage some consumers to make better decisions because they are more motivated to develop better knowledge. It also shows how better credit card selection may inhibit impulse purchasing.
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Denisa Hejlova, Angga Ariestya, Petra Koudelkova and Sona Schneiderova
Our study aims to fill in the gap in corporate strategic silence in the fashion industry. Given the insights into the industry practices, we asked whether important sustainability…
Abstract
Purpose
Our study aims to fill in the gap in corporate strategic silence in the fashion industry. Given the insights into the industry practices, we asked whether important sustainability issues, namely deadstock and overstock, are discussed or disclosed in corporate sustainability reports. We assumed that only the most fashion-forward corporations would address this pressing issue. However, based on our content analysis of sustainability reports of companies listed as the signatories of the UN Global Compact’s Fashion Industry Charter for Climate Action (N = 95), we found out that only one-fifth of them touch the issues to a varied extent. Our study’s results point to a significant discrepancy between the sustainability claims of fashion companies and their communication about overproduction and demonstrate the existence of the shared industry practice of corporate silence strategy concerning uncomfortable issues, such as deadstock and overstock.
Design/methodology/approach
We conducted a content analysis of selected corporate reports (N = 95) available publicly on the company’s websites, such as sustainability, environmental or corporate social responsibility reports. Initially, we analyzed the documents to see if they addressed the issue of deadstock. Subsequently, we performed a detailed content analysis using NVivo on these reports, which mentioned the issue of deadstock (N = 23).
Findings
Our study reveals strategic silence in the fashion industry regarding deadstock and overstock. Analyzing reports of 95 signatories of the UN Global Compact’s Fashion Industry Charter for Climate Action, only one-fifth address these issues. Our research, employing content analysis with NVivo, indicates a significant discrepancy between sustainability claims and actual communication practices. Most companies focus on recycling or materials management rather than addressing deadstock and overstock directly. The findings highlight an industry-wide practice of strategic silence and the practice of shared corporate silence, avoiding transparent discussion on overproduction and its environmental impact.
Research limitations/implications
This study is limited by its focus on publicly available corporate reports from signatories of the UN Global Compact’s Fashion Industry Charter for Climate Action, which do not fully capture all corporate communication practices (those companies shall be the “pioneers” of sustainability and transparency). Additionally, the reliance on content analysis via NVivo is subject to interpretative biases, and the findings may not be generalizable across all fashion industry sectors. Future research could explore broader datasets, including internal corporate communications and consumer-facing narratives, to provide a more comprehensive understanding of strategic silence in sustainability communication.
Practical implications
Despite ongoing environmental, social and governance (ESG) efforts and sustainability initiatives, this study suggests that fashion corporations may strategically employ collective silence as a communication tactic to avoid addressing complex issues like overproduction and deadstock. This practice can undermine stakeholder trust and transparency. Therefore, fashion companies genuinely committed to sustainability and corporate responsibility should proactively incorporate discussions of unsold goods and overproduction into their ESG, impact and Corporate Sustainability Reporting Directive reports. By addressing these challenges openly, companies can enhance their credibility, foster greater consumer trust and lead the industry toward more responsible and transparent practices.
Social implications
Our research presents alarming evidence of corporate silence being strategically used to avoid addressing pressing issues in the industry. Several cases have drawn public attention to this problem, such as using the Västerås power plant in Sweden by a fashion conglomerate to incinerate clothes and disposing a vast amount of textile waste in Africa and the Atacama Desert in Chile. Our findings demonstrate that fashion corporations are reluctant to openly address these issues.
Originality/value
Our study analyzes the quiet practice of corporate silence in the fashion industry, especially around deadstock and overstock to emphasize the overproduction problem. Its unique contribution comes from using content analysis and subsequently, cluster analysis with NVivo, offering a new approach to content analysis. This approach helps reveal the gap between what companies communicate about sustainability and what they actually do. The findings add to the discussion on corporate environmental practices, suggesting a need for more transparent and responsible communication in sustainability discourse – focus more on the unsaid than published data.
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Mark J. Hager, Anthony Basiel, Michael Howarth and Tarek Zoubir
This chapter presents a case study of the ways the Phoebe pedagogic planner assists faculty to design and select e-learning technology because “it's not the technology, but the…
Abstract
This chapter presents a case study of the ways the Phoebe pedagogic planner assists faculty to design and select e-learning technology because “it's not the technology, but the [quality] of the educational experience that affects learning” (Seltz, 2010, p. 1). Faculty applied guidance from Phoebe to evaluate various interactive media options for undergraduate psychology courses to enhance student learning and engagement. The authors discuss the application of instructional technology in Introduction to Psychology, Cross-cultural Psychology, and Human Motivation and Emotion courses. These projects were prompted by earlier work (Hager & Clemmons, 2010) that explored collaboration to promote integration of technology in traditional courses. The new technologies include discussion forums; online simulations, cases and assessments; text-to-poll; and the Moodle learning management system (LMS). Current theories of e-learning are applied to analyze and critique these projects, concluding with recommendations for future research, practice, and faculty development to incorporate learning technologies. The authors demonstrate how learner-centered collaboration among faculty, researchers, and administrators can shape and improve student engagement and develop institutional cultures of e-learning.