Search results

The purpose of this paper is to study if actively managed exchange-traded funds (AMETFs) and actively managed mutual funds (AMMFs) are complements or substitutes. It also tests if there are tax or liquidity clientele effects.

The study investigates the relation between individual AMMF flows and aggregate AMETF flows as well as individual AMETF flows and aggregate AMMF flows. A 2013 tax change is used to analyze if a tax clientele effect exists between the AMETF and AMMF markets. The authors use differences in investor groups for institutional vs retail fund share classes to test for liquidity clientele effects.

The authors find that equity and mixed AMETFs and AMMFs are substitutes, although not perfect substitutes. Taxation-related differences between the two products create a clientele effect for fixed income and mixed funds where tax-sensitive investors are more likely to substitute AMETFs for AMMFs surrounding tax increases. There is weak evidence that institutional investors may prefer AMETFs more than retail investors because of their enhanced liquidity.

This is the first study to investigate the flow relation between AMETFs and AMMFs. The fast-paced growth of the AMETF area coupled with the substitutability between the two products and tax advantages of AMETFs has the capability to gain significant market share from AMMFs in the future.

The arts and health agenda has experienced considerable expansion in the UK in recent years, against a backdrop of increasing social inequality and rising incidence of mental health problems. This paper explores the role of community arts in combating social and mental health inequalities as exemplified by one particular project, Art in Mind, in Nottingham, which is funded by England's New Deal for Communities programme and is designed to promote mental health. In describing Art in Mind's conceptualisation and implementation, attention is given to the importance of developing community networks that are designed to build social capital for participating groups and individuals, in order to combat health and social inequalities.

The purpose of this study is to investigate how managers' abilities to design and implement organizational change initiatives affects supply chain (SC) responsiveness. Extant research focuses on specific process and resource options to address responsiveness, with only limited reference to managers' capabilities in adapting to new organization designs that organize processes and resources. Consequently, organizational theory that characterizes the implications of developing and implementing various designs is ignored. The study directly leverages organization adaption, organization design and the dynamic managerial capabilities literature to address the question of how to improve SC responsiveness.

Qualitative data are used to identify specific dynamic managerial capability constructs, as well as the expected relationships depicted in our conceptual model. The authors test these relationships using quantitative survey data collected from 199 SC leaders.

The authors find that capabilities in organization design, functional leader negotiations and workforce communications foster SC responsiveness via improved structural adaptability (SA). The findings explain how and when organization design actions impact SA and responsiveness, and more importantly, why managers should invest in developing a workforce communication capability as the foundation for organizational adaptability.

By applying organization adaption, organization design and dynamic managerial capabilities concepts, the research expands the existing study of responsiveness in the SC organizational context.

This paper aims to provide a situated critical discourse analysis of the public debate around India’s 2013 National Food Security Act (NFSA), describing its rhetorical characteristics and the context within which it has taken place.

Using Wodak’s (2001) Discourse Historical Approach (DHA), the authors examine media coverage of the NFSA, attending to perspectivization, intensification and mitigation and representational and argumentational strategies. The authors also consider this coverage in light of its intratextual, intertextual, situational and wider socio-political and economic contexts. The corpus consists of 29 English-language Indian newspaper and magazine articles, published in print and online between 2011 and 2014.

This paper explains the rhetorical purchase of the term “food security” in contemporary Indian public policy debates by comparing the leftist, right wing and centrist arguments.

Owing to the detailed qualitative analysis presented here, the corpus is necessarily limited in size. Newspaper articles contributed by one of the authors were omitted from the study.

The DHA claims to be an interdisciplinary framework, but relatively few studies involve true cross-disciplinary research. By contrast, this study relies on close collaboration by scholars active in economics and applied linguistics – thus, demonstrating both the potential for, and the value of, working coherently across academic disciplines. Also, unlike most DHA studies, which interrogate dominant discourses, this paper compares diverse discourses competing for influence.

The purpose of this paper is first, to investigate empirically the plurality of understanding surrounding sustainability held by those working in the business sector, and second, to consider the likelihood of a dialogic accounting that would account for the plurality of perspectives identified.

The subjects of this study are those people actively working to incorporate sustainability within New Zealand business, both business people and their sustainability advisors. Participant’s subjective understanding is investigated using Q methodology, a method used widely by social science researchers to investigate typical views on a particular topic, from an analysis of the order in which participants individually sort a sample of stimuli. In this study, the stimuli were opinion statements.

Five typical understandings of sustainable development were identified, including understandings more usually attributed to business antagonists than business. Conflicts between environment and development are acknowledged by most participants. However, an agonistic debate that will create spaces, practices, and institutions through which marginalised understandings of sustainable development might be addressed and contested, is yet to be established and will not be easy.

The paper contributes to the few empirical investigations of the plurality of understandings of sustainability held by those people working to incorporate sustainability within business. It is further distinguished by the authors attempt to describe divergent beliefs and values, absent from their immediate business context, and absent from any academic priming. The paper also provides an illustrative example of the application of Q methodology, a method not commonly used in accounting research.

AT the close of the year we look back upon twelve very chequered months in the story of librarianship. In the field of libraries as a whole, it may be said that they held their own and indeed that some progress has been made. A few libraries have been opened, mostly branch libraries, but there have been extensions and re‐organisations of central libraries, which point to a universally developing regard for the library service. Even if this has not been dramatic in some places, it has nevertheless been real. Men who were middle‐aged before the war must, however, pass away before we get the right perspective for the conditions of to‐day; that is to say, with few exceptions. We are not speaking of librarians here, but of those who control libraries, but even librarians of the older school have sometimes found it difficult to envisage library service on the scale common in America, which, with adjustments to British circumstances, should be the scale for us throughout the Empire.

Aarhus Kommunes Biblioteker (Teknisk Bibliotek), Ingerslevs Plads 7, Aarhus, Denmark. Representative: V. NEDERGAARD PEDERSEN (Librarian).

National Library Week was first launched in America in the spring of 1958 with the slogan “Wake Up and Read”. It is now an established, continuing, year‐round programme to help build a reading nation and to spur the use and improvement of libraries of all kinds. The sponsors seek the achievement of these objectives because they are the means of serving social and individual purposes that are immeasurably larger.