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Social entrepreneurship (SE) has become the engine propelling the rapid expansion of the social/environmental sector; thus, the authors need to examine it from different perspectives. First of all, it is vital to understand the concept of SE in an attempt to understand the most basic question: what makes an entrepreneurship social and what makes a social initiative a SE? Second, it is important to know the tools to develop a SE such as the business model canvas and design thinking, among others, which are adapted to SE, as well as tools that are unique to the sector such as impact measurement and impact investing. Third, aspiring SEs have to understand the current ecosystem in order to take advantage of the enormous support that the SE ecosystem has to offer thanks to global players such as Ashoka, the Schwab, and Skoll foundations as well as prominent Latin American players such as New Ventures Group, ANDE, and collective company-driven initiatives such as Momentum led by BBVA Bank that have supported more than 10,000 SE all over the world. Finally, the authors will introduce the case of low-income house builders Hábtiva and a student challenge to ignite aspiring social entrepreneurs. This chapter provides a glimpse of the field SE by focusing in its importance in our current challenging world, its definition, some tools used in the field, the current ecosystem of SE, how to measure social impact, and some cases and challenges.

Public external examinations were woven into the fabric of the education system of New South Wales (NSW) during the first three decades of the 20th century. By the late 1920s examination results had become the fetish and goal of most teachers and pupils in the state. In the early 1930s a reaction to this state of affairs developed; examination reform became a lively issue of debate. Central to the debate was the issue of the examination which marked the close of general adolescent education: the Intermediate Certificate (IC) examination. The agitation for IC modification began in the 1930s and did not cease until the 1960s. It began in the dissatisfaction of the 1930s, developed through the 1940s when opinion crystallized, survived the stagnation in educational reform of the late 1940s and early 1950s, quickly revived during the professional and public discussion surrounding the hearing and deliberations of the Committee Appointed to Survey Secondary Education in New South Wales (Wyndham Committee) and finally ceased with its abolition in the mid 1960s.

Strong versions of the Precautionary Principle (PP) require regulators to prohibit or impose technology controls on activities that pose uncertain risks of possibly significant environmental harm. This decision rule is conceptually unsound and would diminish social welfare. Uncertainty as such does not justify regulatory precaution. While they should reject PP, regulators should take appropriate account of societal aversion to risks of large harm and the value of obtaining additional information before allowing environmentally risky activities to proceed.

One of the most perplexing problems in human resource management is how to satisfy and motivate employees who originally joined an organisation with hopes of becoming “stars”, but who discover with time that their aspirations are unlikely to be matched by opportunities. The conventional pyramidal organisational structure guarantees that these opportunities will diminish as employees ascend the hierarchy and that therefore “stuckness” is a problem increasingly to be found the longer is employees' tenure or the higher their level. Faulkner's case studies of an ice hockey team and a symphony orchestra provide vivid examples of this process and its problematic consequences. They also serve as a useful analogue of what may be found in many business organisations.

This study analyzes the trade‐off between strategic flexibility and commitment for cases of simultaneous and related strategic investments under high levels of uncertainty. It develops a model that, using a Cournot game and real option theory, demonstrates that (1) a correlated strategic investment adds value to a portfolio of ongoing strategic investments in a decreasing marginal fashion, and (2) the new investment delays the development of the other investments. Managers who fail to recognize these properties may make strategic commitments that destroy value, even in the presence of options with individual positive values. An important feature of the model is that competitive advantages may flow from market power or from the capability of managing the portfolio.

The purpose of this paper is to examine the effects of institutional factors and the European Union (EU) accounting harmonization on the value‐relevance and comparability of dirty surplus accounting flows (DSFs) in the member countries throughout the period 1993 to 2002.

The returns‐earnings models and fixed‐effect operating income growth models are used to examine the differences in the incremental and relative relevance of DSFs between countries which have a piecemeal system of regulation with significant input from the profession and/or market participants, and the code law countries with the government being the most important institution with regard to accounting regulation. Moreover, the relevance of DSFs in the three sub‐periods is compared, each reflecting quite distinct attitudes in the EU towards international accounting harmonization.

DSFs are incrementally relevant in Denmark, Finland, Ireland, Sweden and the UK, where equity market plays an important role in the country's financing system; and in comparison to comprehensive income, reported income is a dominant measure of performance in most European countries, with the exception of the five afore‐mentioned countries. There is also evidence that cross country differences in the value‐relevance and predictability of DSFs decrease in the later years of this sample period.

Future research focusing upon the specific accounting changes made by companies in the EU is needed for a better understanding of the relative importance of stock market integration and standard setting changes in explaining the characteristics of DSFs.

The results indicate that the convergence in the reporting of DSFs over time is driven by global capital market integration, and more importantly, the accounting harmonization activities carried out via self‐regulation with significant input from the profession and/or market participants at national level.

The paper seeks to explore, firstly, the extent to which differences in the reporting of DSFs across the EU may be explained by institutional differences. Secondly, it explores whether or not differences across the countries have decreased in three phases of the EU harmonization process.

Reviews the part played by Hong Kong in the coordination of global efforts against money laundering and terrorist financing; Hong Kong was President of the Financial Action Task Force 2001‐2002. Describes its effective regime to counter money laundering, confiscate tainted wealth through legislation, law enforcement, cooperation with the financial sector, publicity, education and international cooperation. Outlines the 1989 Drug Trafficking (Recovery of Proceeds) Ordinance, Chapter 45, and the 1994 Organised and Serious Crimes Ordinance, Chapter 455, showing how they deal with money laundering as follows: reporting offences, protection of persons making disclosures, investigative powers, restraint and confiscation orders, enforcement of foreign confiscation orders, and financial regulators. Moves on to refinement of this legislation in the Drug Trafficking and Organized Crime (Amendment) Ordinance 2002, which amended shortcomings in the previous legislation regarding: the triggering event for making a restraint order, information on the value of restrained assets, new notification requirements in confiscation proceedings, a new offence, and legal professional privilege. Concludes with further legislation and other measures following the September 11 2001 attacks.

The purpose of this paper is to study how the motivation in firms to safeguard the prerequisites of innovation relates to the strength of the employee-related protection mechanisms that deal with knowledge leaking and knowledge leaving, and the moderating effect of organizational trust in the relationship.

The hypotheses were tested on a sample collected in Finland from 80 companies engaged in R&D. A partial least squares was used for the analyses.

Knowledge leaking and leaving from a firm can be approached with both formalized and soft types of employee-related mechanisms; that the motivation to secure innovativeness positively relates to both forms; and that the presence of organizational trust is especially effective in reinforcing employee-related practices that can prevent knowledge leaving.

The data were gathered in a single western European country and that may have affected the results.

The managers would do well to introduce both formalized and soft forms of protection so as to mitigate the effects of knowledge both leaving and leaking. Building on the findings of this study, managers could prioritize between the different categories and mechanisms depending on the market and industry they operate in.

This study adds to the literature by studying quantitatively the employee-related protection mechanisms and the effect of organizational trust in the usage of those mechanisms.