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This paper aims to focus on capital-related macroprudential policies in the context of recent policy discussions on the removal of barriers to the mobility of capital and liquidity of cross-border banks in the European Union (EU).

This study first discusses the link between financial stability and internal resource mobility of cross-border banks. Then, it examines past heterogeneity in structural capital buffers as key macroprudential capital instruments applied in the EU and relate them to costs of policy action, degree of foreign penetration and membership in the Banking Union.

Observed phase-in patterns of structural capital buffers in the EU are broadly consistent with costs of policy action, degree of foreign penetration and membership in the Banking Union as potential factors. The process of financial integration could be further enhanced through reduced uncertainty in the application of macroprudential policies that constrain capital mobility of cross-border banks.

This paper anchors macroprudential policies into a wider discussion on the mechanism and implications of ring-fencing in the EU over time. It discusses two policy areas, macroprudential policies and proposals for deeper financial integration, that share the same financial stability objective but tend to emphasize different implications of the mobility of capital and liquidity of cross-border banks in the EU. The study provides a discussion of potential implications of the recent adoption of the CRRII/CRDV legislation for future heterogeneity of macroprudential policies in the EU.

Do LEGO® SERIOUS PLAY® (LSP) workshops result in improved experience of flow components as well as higher levels of creative output than traditional meetings (MEET)? This research studies the extent to which LSP, as a specialized material-mediated and process-oriented cocreative workshop setting, differs from MEET, a traditional workshop setting. Hypotheses for differences in individual flow components (autotelic behavior, happiness, balance), group flow components (equal participation, continuous communication) and creative output were developed and tested in a quasi-experimental comparison between LSP and MEET.

The study was conducted with 39 practitioners in six teams from various industries. In total, 164 observations were collected during two workshops using the Experience Sampling Method. The creative output was assessed by peer evaluations of all participants, followed by structural analysis and quantitative group comparisons.

The results show that two components of individual flow experience (autotelic behavior, happiness) were significantly higher in LSP, and one of the components of group flow experience (continuous communication) was, as expected, significantly lower. Regarding creative output, the LSP teams outperformed the MEET teams. The study suggests that a process-oriented setting that includes time for individuals to independently explore their ideas using a different kind of material in the presence of other participants has a significant influence on the team result.

LSP can improve the components of participants' flow experience to have an impact on the creative output of teams. In cocreative settings like LSP, teams benefit from a combination of alone time and high-quality collaborative activities using boundary objects and a clear process to share their ideas.

This is the first quasi-experimental study with management practitioners as participants to compare LSP with a traditional and widespread workshop approach in the context of flow experience and creative output.

The speed of new product development (NPD) has been a key factor in a firm's degree of competitiveness. The tools and philosophy of quality management have been widely used to improve and control product quality. However, there is a lack of literature on the relationship between quality management and NPD. This paper aims to report on a study that investigates the influence of quality management on the speed of NPD.

The philosophy of quality management refers to total quality management (TQM). Tools for quality management include teamwork, continuous improvement (CI), value analysis (VA) and quality function deployment (QFD). This study begins by comparing literature in concurrent engineering (CE) and TQM, which leads to several common principles and five hypotheses. The hypotheses are tested using survey data from 700 manufacturing companies in 20 countries.

The research reveals that TQM, Team, VA and QFD are positively correlated with the speed of NPD, meaning that the tools and philosophy of quality management have a positive influence on the speed of NPD. However, no relationship is found between CI and the speed of NPD.

This paper tests hypotheses using survey data. It reveals the empirical relationship between quality management and the speed of NPD but does not provide details regarding the mechanism of influence between the two. Consequently, case studies should be conducted in the future to probe into the details. Additionally, new quality methods like Six Sigma can also be included in a future study, since Six Sigma covers both quality and NPD.

This study proposes that companies that have implemented TQM and other quality management tools will have a better foundation for implementing new NPD approaches like CE and design for manufacturing and assembly. This is especially encouraging for those original engineering manufacturing (OEM) firms that would like to change from OEM to original design manufacturing/original brand manufacturing (ODM/OBM). OEM companies typically implement TQM but invest very little in NPD.

This paper fills the gap in research exploring the links between quality management and NPD. It addresses the concern over whether quality management may hinder NPD. The critical issues for implementing quality management such as culture change, learning, change management, and team building can all be applied to implementing NPD methods such as CE. The result also supports the concept of “design the quality into products”. It is beneficial for employees in quality and NPD to share and work together.

The purpose of this paper was to investigate gender differences in entrepreneurship development.

A quantitative study consisted of an on-line questionnaire administered to a random sample of 206 owner-manager CEOs across Bosnia and Herzegovina. Various statistical tools were used in the analysis.

Empirical results revealed significant differences in entrepreneurial performance between women and men. It was found that gender significantly affects entrepreneurial activities in firms with regards to innovativeness, proactiveness and risk-taking. Overall, female respondents scored better in entrepreneurial dimensions than did males.

The state should support female entrepreneurship in the long term; aspirations exist, and this study’s results reveal this potential. Furthermore, it is recommended that women take a part in entrepreneurship development – a key to economic development. Also, it is suggested that education in entrepreneurship should be at a higher level than is currently the case.

This paper is the first empirical study that examines gender issues in entrepreneurship in Bosnia and Herzegovina. The study draws practical implications for current business owners, CEOs and potential entrepreneurs of either gender. This research removes stereotypes about female aspirations, competencies and skills in creating new start-ups and ventures, which in the long term will contribute to the economic development.

This study examines the time, place and theme constructs from the viewpoints of their theoretical configurations and potential applications in heritage conservation. The examination taps on the relationship of time to chronology, place to geography and theme to the human agency. Time, place and theme pose challenges in delineating workable definitions and in corroborating the resolvability of the terms into real-world applications. The challenges stem from the metaphysical nature of the constructs and the conjectural interpretability of the associated connotations.

The humanistic setting of the study supports qualitative research and information assessment methods. Information to support the theoretical objective (configurations) comes from the seminal literature on the very nature of time, place and theme and on their relationship with chronology, geography and human agency, respectively. The information to support the applied objective (applications) comes mainly from the works of the US National Park Service heritage programs, particularly the historic context strategy where the members of the triad are applied.

The theoretical knowledge about time, place and theme geared towards framing the constructs' configurations and applications in heritage conservation is lacking. Mediating time into chronology, place into geography and theme into argument provides a useful framework for understanding the constructs' configurations and applications.

The study adds knowledge on time, place and theme that helps delineate the configurations and applications of these constructs to the benefit of heritage conservation planning.

Tropical wetland ecosystems are threatened by climate change but also play a key role in its mitigation and adaptation through management of land use and other drivers. Local-level assessments are needed to support evidence-based wetland management in the face of climate change. This study aims to examine the local communities’ knowledge and perception of climate change in Yala wetland, Kenya, and compare them with observed data on climate trends. Such comparisons are useful to inform context-specific climate change adaptation actions.

The study used a mixed methods approach that combined analysis of climate data with perceptions from the local community. Gridded data on temperature and rainfall for the period from 1981 to 2018 were compared with data on climate change perceptions from semi-structured questionnaires with 286 key informants and community members.

Majority of the respondents had observed changes in climate parameters – severe drought (88.5%), increased frequency of floods (86.0%) and irregular onset and termination of rains (90.9%) in the past 20 years. The perceptions corresponded with climate trends that showed a significant increasing trend in the short rains and the average maximum temperature, high incidence of very wet years and variability in onset and termination of rainfall between 1981 and 2018. Gender, age and education had little influence on knowledge and awareness of climate change, except for frequency of floods and self-reported understanding of climate change. The community perceived the wetland to be important for climate change adaptation, particularly the provision of resources such as grazing grounds during drought.

The study faced challenges of low sample size, use of gridded climate data and reproducibility in other contexts. The results of this study apply to local communities in a tropical wetland in Western Kenya, which has a bi-modal pattern of rainfall. The sample of the study was regional and may therefore not be representative of the whole of Kenya, which has diverse socioeconomic and ecological contexts. Potential problems have been identified with the use of gridded data (for example, regional biases in models), although their usefulness in data scarce contexts is well established. Moreover, the sample size has been found to be a less important factor in research of highly complex socio-ecological systems where there is an attempt to bridge natural and social sciences.

This study addresses the paucity of studies on climate change trends in papyrus wetlands of sub-Saharan Africa and the role of local knowledge and perceptions in influencing the management of such wetlands. Perceptions largely influence local stakeholders’ decisions, and a study that compares perceptions vs “reality” provides evidence for engagement with the stakeholders in managing these highly vulnerable ecosystems. The study showed that the local community’s perceptions corresponded with the climate record and that adaptation measures are already ongoing in the area.

This study presents a case for the understanding of community perceptions and knowledge of climate change in a tropical wetland under threat from climate change and land use change, to inform management under a changing climate.