All property valuation is based on comparative analysis to determine the relevant discount rates. However, this implicit approach fails to recognise the difference in risk between…
Abstract
Purpose
All property valuation is based on comparative analysis to determine the relevant discount rates. However, this implicit approach fails to recognise the difference in risk between the early term income and the riskier reversion. It uses the same rate throughout. As such, it ignores the risk of a highly illiquid reversionary property interest and uses a deferment rate that is much too low. This paper aims to address this issue.
Design/methodology approach
The paper analyses the required risk premia for liquidity in relation to the risk free rate. Historic evidence is used to determine an appropriate deferment rate.
Findings
It would seem sensible that the long‐term deferment rate is set at a level that is similar to the long‐term return on equities with dividends reinvested.
Practical implications
The continued use of low deferment rates over‐values the reversionary interest of the property asset.
Originality/value
The paper seeks to stimulate debate on the current use of low deferment rates.
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The techniques available for the repair of historic masonry structures are extremely wide ranging. The advantages and disadvantages of each type of repair can be evaluated in…
Abstract
Purpose
The techniques available for the repair of historic masonry structures are extremely wide ranging. The advantages and disadvantages of each type of repair can be evaluated in terms of cost, time and quality as with modern projects. It is however, important to realise that when repairs to historic buildings are selected they must conform to building conservation philosophy, or an ethical and principle based evaluation. This paper (part 1 of 2) aims to establish what is meant by ethics in this context and wherever possible seeks to apply practical examples to these concepts.
Design/methodology/approach
The paper takes the form of an evaluative literature review of the ethics encapsulated within building conservation philosophy utilising them to stimulate discussion on practical repair interventions.
Findings
It is shown that ethical considerations are of prime importance for decisions relating to masonry repairs. These repairs have varying degrees of defensibility, and will ultimately lead to good or bad conservation approaches. The paper briefly discusses the ethics, highlighting some of the issues that may be initially confusing to the practitioner.
Research limitations/implications
It must be emphasised that as with any aspect of philosophy, there is not necessarily a right or wrong answer, only higher levels of defence for the selected repairs.
Originality/value
The evaluation of building conservation philosophy and more specifically, ethical considerations for masonry repair has been little studied. The importance of this undervalued aspect of building conservation cannot be over emphasised and far from being an esoteric concept, it affects every practical repair. This paper brings together the study of the philosophical and practical, enabling practitioners to better understand the implications of building conservation philosophy on their projects.
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The purpose of this paper is to examine the background issues that influence the level of central government funding of the care and maintenance of the provincial Anglican…
Abstract
Purpose
The purpose of this paper is to examine the background issues that influence the level of central government funding of the care and maintenance of the provincial Anglican medieval cathedrals in England.
Design/methodology/approach
The paper presents a detailed review of the evolving government policy and funding agency practice. The paper critically examines the levels of financial support provided to specific cathedrals since the introduction of the Cathedral Repairs Grant and the Funding to Cathedrals schemes.
Findings
Since 1990, central government, via English Heritage and the Heritage Lottery Fund, has offered a comparatively modest level of financial support for the care and maintenance of provincial medieval cathedrals. Yet this funding is balanced by an increased bureaucratic process that ironically increases the cost of care. The budget for grant aid is being reduced annually, ceiling levels to grants are imposed regardless of the cost of the work and previously successful applicants are being excluded from future bidding rounds. More public funds should be available for the care programmes and the support should be more real than rhetorical.
Originality/value
The paper contributes to the broader appreciation of the funding system for the care and maintenance of the cultural built heritage under an evolving financial regime based on efficiency reviews. The paper highlights the longer‐term implications of the increased bureaucratic system.
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Rebecca Stobaugh and S. Kay Gandy
A significant number of inventions and innovations appeared during the time known as the Industrial Revolution. Changes in technology quickly transformed American life in the past…
Abstract
A significant number of inventions and innovations appeared during the time known as the Industrial Revolution. Changes in technology quickly transformed American life in the past and continue to impact businesses, communities, and schools today. Technologies like Skype™, Prezi®, and Poll Everywhere™ provide new methods for engaging students in learning and assess their understanding of content. Each of these technologies is free and can be used in one-computer classrooms or computer labs. These technologies can enhance the learning experience by engaging students in critical thinking and collaboration, allowing real-world applications of the content, and profiling various perspectives while utilizing digital tools that captivate students’ interests. We showcase a myriad of ways that these technologies can be seamlessly integrated into a social studies unit on Industrialization.
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Ashridge Management College is one of the world's leading centres for management development. Every year more than 300 short programmes are provided for more than 5,000 managers…
Abstract
Ashridge Management College is one of the world's leading centres for management development. Every year more than 300 short programmes are provided for more than 5,000 managers from 850 organisations in the UK and overseas. Ashridge was founded in 1959 as a charitable educational trust. Today it is run on a business‐like basis as an independent self‐financing College, with an annual turnover of nearly £7 million.
BY February most of the parties, which are a gracious feature of modern libraries, are over. They arise from Staff Guilds, which now in most libraries associate the workers, and…
Abstract
BY February most of the parties, which are a gracious feature of modern libraries, are over. They arise from Staff Guilds, which now in most libraries associate the workers, and some of them are on a large scale. We have been represented at only a few of these but there seems to be a great fund of friendliness upon which the modern librarian can draw nowadays. An interesting one was that of the National Central Library Staff which, by a neighbourly arrangement, was held at Chaucer House. A reunion has been held of old and new members of the Croydon Staff Guild and no doubt there were many others. One New Year party was a small but notable dinner at Charing Cross Hotel where the 100th issue of The Library Review was toasted eloquently by the President of the Library Association and amongst the guests were Mr. C. O. G. Douie who was secretary of the Kenyon Committee of the 1927 Library Report and well‐known librarians and journalists. To us it was notable for the assertion by Mr. R. D. Macleod that amongst the young writers were too many who wrote glibly but without that research which good professional writing demanded; but he was sure that where intelligent industry was shown any article resulting would find a place in library journals.
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Ebere Donatus Okonta and Farzad Rahimian
The purpose of this study is to investigate and analyse the potential of existing buildings in the UK to contribute to the net-zero emissions target. Specifically, it aims to…
Abstract
Purpose
The purpose of this study is to investigate and analyse the potential of existing buildings in the UK to contribute to the net-zero emissions target. Specifically, it aims to address the significant emissions from building fabrics which pose a threat to achieving these targets if not properly addressed.
Design/methodology/approach
The study, based on a literature review and ten (10) case studies, explored five investigative approaches for evaluating building fabric: thermal imaging, in situ U-value testing, airtightness testing, energy assessment and condensation risk analysis. Cross-case analysis was used to evaluate both case studies using each approach. These methodologies were pivotal in assessing buildings’ existing condition and energy consumption and contributing to the UK’s net-zero ambitions.
Findings
Findings reveal that incorporating the earlier approaches into the building fabric showed great benefits. Significant temperature regulation issues were identified, energy consumption decreased by 15% after improvements, poor insulation and artistry quality affected the U-values of buildings. Implementing retrofits such as solar panels, air vents, insulation, heat recovery and air-sourced heat pumps significantly improved thermal performance while reducing energy consumption. Pulse technology proved effective in measuring airtightness, even in extremely airtight houses, and high airflow and moisture management were essential in preserving historic building fabric.
Originality/value
The research stresses the need to understand investigative approaches’ strengths, limitations and synergies for cost-effective energy performance strategies. It emphasizes the urgency of eliminating carbon dioxide (CO2) and greenhouse gas emissions to combat global warming and meet the 1.5° C threshold.
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Kris Monahan, Toni Shaklee and Deborah Zornes
In North America, the profession known as ‘research management’ elsewhere across the globe, is often known as ‘research administration’ and encompasses the activities and work…
Abstract
In North America, the profession known as ‘research management’ elsewhere across the globe, is often known as ‘research administration’ and encompasses the activities and work associated with developing, administering, accounting for and complying with sponsor requirements, guidelines, procedures, and laws relating to externally funded projects. In the United States and Canada, the expansion of respective federal government agencies and programmes was the major factor for the need and growth of the research administration profession. Initially, administrative and business staff often administered research funding, however over the decades, a fully-fledged profession has evolved with distinct specialisations. Both the United States and Canada now have maturing professions and professional societies to organise and advance research administration. This chapter outlines the chronological origins, growth, and professionalisation of research administration in North America, with a focus on the United States and Canada. Mexico has not yet evolved a formalised research administration infrastructure.
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Cangaço was a form of banditry that occurred in the North-East of Brazil between 1870 and 1940. The movement has inspired many films over the years. This chapter explores the…
Abstract
Cangaço was a form of banditry that occurred in the North-East of Brazil between 1870 and 1940. The movement has inspired many films over the years. This chapter explores the contribution of Cangaço-inspired productions to Brazilian cinema, as well as the particular characteristics of what constitutes the Cangaço genre.
Following a historical survey of the Cangaço, the films were divided into different categories and ranked in terms of relevance. Only the most important are discussed in this chapter.
The Cangaço has been portrayed in Brazilian cinema through the decades in diverse ways, dating back to the 1920s. After becoming a consolidated film genre in the 1950s, then known as Nordestern, the Cangaço finally acquired a proper structure, featuring multiple Western references among its common characteristics. In the 1960s, Glauber Rocha, one of the most prominent filmmakers of the Cinema Novo avant-garde movement, added his own symbolism to the genre. Eventually, the Cangaço was also revisited by directors who combined it with other genres such as comedy, documentary, and erotic films. Another relevant reinterpretation came in the 1990s, when filmmakers of the so-called New Brazilian Cinema offered a new view on the subject.
Despite its strong association with Brazil, the Cangaço has not been thoroughly investigated by researchers. This chapter presents a historical survey and analysis of Cangaço films, highlighting their relevance to Brazilian cinema.