In 1982, three solvent companies filed for bankruptcy under Chapter 11 of the United States Code Bankruptcy to halt an onslaught of asbestos‐related lawsuits. These companies were…
Abstract
In 1982, three solvent companies filed for bankruptcy under Chapter 11 of the United States Code Bankruptcy to halt an onslaught of asbestos‐related lawsuits. These companies were Ametex, UNR Industries, and the Manville Corporation.
Francisco Elder Escossio de Barros, Ruan Carlos dos Santos, Lidinei Eder Orso and Antonia Márcia Rodrigues Sousa
From the agency theory’s point of view, this paper aims to analyze corporate governance mechanisms about the characteristics of the companies quoted in the segments Bovespa Mais…
Abstract
Purpose
From the agency theory’s point of view, this paper aims to analyze corporate governance mechanisms about the characteristics of the companies quoted in the segments Bovespa Mais and Bovespa Mais 2 and their influence on the creation of value in preparation for the opening of the initial public offering (IPO).
Design/methodology/approach
A quantitative approach was adopted to achieve the proposed objective using the panel data with fixed effects and secondary data collected on the Comissão de Valores Mobiliários website, using statistical software Stata® 13.0 for statistical tests. The population comprises non-financial companies belonging to the Bovespa Mais and Bovespa Mais Level 2 groups, as the survey sample took into account the period of adhesion of the companies, totaled in 15 companies, which cover the period from 2008 to 2019. The selected variables correspond to the ownership structure’s characteristics, then the board’s composition and the fiscal council as the body responsible for supervising the administrators’ acts.
Findings
The main results indicate that the number of independent members on the board of directors and the supervisory board’s participation positively influence market performance. However, it also reveals that the concentration of ownership brings fundraising for other companies’ acquisitions, risk reduction concerning information asymmetry between investing powers.
Research limitations/implications
The main results indicate that the number of independent members on the board of directors and the supervisory board’s participation positively influence market performance. Despite this, it also reveals that the concentration of ownership brings fundraising for other companies’ acquisitions, risk reduction concerning information asymmetry between investing powers.
Practical implications
This paper advances a comparative institutional perspective to explain capital market choice by firms making an IPO in a foreign market. This paper finds that internal governance characteristics (founder-chief executive officer, executive incentives and board independence) and external network characteristics (prestigious underwriters, degree of venture capitalist syndication and board interlocks) are significant predictors of foreign capital market choice by foreign IPO firms.
Social implications
While product market choices have been central to strategy formulation for firms in the past, financial markets’ integration makes capital markets an equally crucial strategic decision. This paper advances a comparative institutional perspective to explain capital market choice by firms making an IPO in a foreign market.
Originality/value
This situation generates value to shareholders and is perceived by the market and, ultimately, generates a direct relationship with the market performance of companies. While product market choices have been central to strategy formulation for firms in the past, financial markets’ integration makes capital markets an equally major strategic decision.
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Twenty years before Sherlock Holmes donned his deerstalker and informed Watson that “the game's a‐foot!” an American woman, Seely Regester, pub‐lished a mystery entitled The Dead…
The population is aging. The desire to remain in one’s own home through the aging process appears universal. Home health caregivers provide a vital role in allowing people to age…
Abstract
The population is aging. The desire to remain in one’s own home through the aging process appears universal. Home health caregivers provide a vital role in allowing people to age in place. Women, and in particular immigrant women, have become the face of home health caregivers. Caregiving is generational. Paid caregiving is viewed as a natural extension of a skill set women have used most of their adult life. Home health caregivers view their work as a continuation of their roles in the family and they often frame their work as providing services that family members cannot, or will not perform. Reimbursement for these services is problematic. Assigning a monetary value to caregiving seems callous, and as a result caregivers are underpaid and undervalued. Global push–pull factors and the creation of a gray economy also contribute to a devaluation of these jobs. Caregivers themselves are poor advocates for better pay and working conditions because they believe it commodifies a kinship like experience. The future of caregiving is problematic. Poor countries will suffer greatly exporting their women; rich countries will need a tremendous number of caregivers to match their demographics and women will be overwhelmed providing care for others and themselves.
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Philip Vaughter, Marcia McKenzie, Lauri Lidstone and Tarah Wright
This paper aims to provide an overview of a content analysis of sustainability policies from Canadian post-secondary education institutions. The paper reports findings on the…
Abstract
Purpose
This paper aims to provide an overview of a content analysis of sustainability policies from Canadian post-secondary education institutions. The paper reports findings on the orientations to sustainability evident in the policies; references to other policies within the documents; and other key themes on how sustainability is engaged in the policies in relation to overall governance, education, operations, research and community outreach.
Design/methodology/approach
A sample of 50 Canadian colleges and universities was selected based on representativeness across a range of criteria. A qualitative thematic content analysis of these policies was conducted using a collaborative coding approach.
Findings
Results suggest that most sustainability policies described a Brundtland (i.e. intergenerational) and/or three-pillar (e.g. economic, environmental and social) orientation to sustainability. Many sustainability policies also connected to other external municipal or provincial policies. In terms of various domains of sustainability, campus operations was discussed by all of the policies and in the most detail, while discussions of sustainability in education (i.e. the curriculum) and in research were vague, and discussions of sustainability in relation to community outreach were included less frequently.
Originality/value
This comparative study provides a broad view of sustainability policies from post-secondary institutions across Canada. It deepens our understanding of the institutions’ conceptualizations of, and priorities for, sustainability. This paper has practical implications for institutions seeking to create or further develop their own policies, and it contributes to the comparative scholarly literature on the institutionalization of sustainability in higher education.
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Cath Fraser and Lin Ayo
Extensive studies from the fields of mentoring, coaching and associated collegial relationships attest to the efficacy of professional partnerships in building capability and…
Abstract
Extensive studies from the fields of mentoring, coaching and associated collegial relationships attest to the efficacy of professional partnerships in building capability and enhancing the practice and professional expertise of the participants. In particular, partnerships between staff across faculty, as well as across administrative and academic roles, can lead to shifts in student achievement, advanced practice in teaching and learning, and strategic alliances both within and external to the institution. In the current climate of challenge and uncertainty for tertiary institutions, it is crucial that the investment in students, campuses and a raft of delivery options is accompanied by a deliberate creation of opportunities for an institution's most significant resource – and expense – its people. This chapter includes vignettes of three deliberately constructed, interdisciplinary workplace relationships which comprised part of the authors’ research in 2007. Each relationship sought to combine complementary expertise, although the discourse and focus of engagement differed considerably. The three selected relationships evidenced successful primary outcomes in different areas: student success and retention; an enriched curriculum and pedagogy; and institutional gain. They also illustrate the distinctive nature of New Zealand's bicultural heritage operating in an educational setting. Through telling these stories, it is hoped that emerging threads and themes can contribute to a shared understanding of the multifarious benefits of interdisciplinary practice in higher education.
Libraries and librarians have long been early adopters of information technologies. For decades, librarians have applied computerization to library operations. Standardization and…
Abstract
Libraries and librarians have long been early adopters of information technologies. For decades, librarians have applied computerization to library operations. Standardization and computerization of bibliographic records decades ago made possible automation of library systems, the creation and utilization of giant bibliographic utilities such as OCLC with its 52 million records. Collaborative adoption of information technologies decades ago brought shared cataloging, on-line public access catalogs, bibliographic databases, enhanced interlibrary loan and document delivery, and acquisition of information in digital formats, resulting in worldwide access to library resources. Nonetheless the revolution in information technologies that produced the World Wide Web in the mid-1990s hit the information profession of librarianship and the educational establishment like an earthquake.
Identifies key activities that network users can perform in orderto use the network effectively. Offers recommended reading, frombeginner to expert user status. Explains some…
Abstract
Identifies key activities that network users can perform in order to use the network effectively. Offers recommended reading, from beginner to expert user status. Explains some commonly used terms (e.g. Turbo Gopher with Veronica!). Lists useful Internet resources.
The purpose of this paper is to elaborate the picture of strategies and tactics for information seeking and searching by focusing on the heuristic elements of such strategies and…
Abstract
Purpose
The purpose of this paper is to elaborate the picture of strategies and tactics for information seeking and searching by focusing on the heuristic elements of such strategies and tactics.
Design/methodology/approach
A conceptual analysis of a sample of 31 pertinent investigations was conducted to find out how researchers have approached heuristics in the above context since the 1970s. To achieve this, the study draws on the ideas produced within the research programmes on Heuristics and Biases, and Fast and Frugal Heuristics.
Findings
Researchers have approached the heuristic elements in three major ways. First, these elements are defined as general level constituents of browsing strategies in particular. Second, heuristics are approached as search tips. Third, there are examples of conceptualizations of individual heuristics. Familiarity heuristic suggests that people tend to prefer sources that have worked well in similar situations in the past. Recognition heuristic draws on an all-or-none distinction of the information objects, based on cues such as information scent. Finally, representativeness heuristic is based on recalling similar instances of events or objects and judging their typicality in terms of genres, for example.
Research limitations/implications
As the study focuses on three heuristics only, the findings cannot be generalized to describe the use of all heuristic elements of strategies and tactics for information seeking and searching.
Originality/value
The study pioneers by providing an in-depth analysis of the ways in which the heuristic elements are conceptualized in the context of information seeking and searching. The findings contribute to the elaboration of the conceptual issues of information behavior research.
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Philip MacKinnon, William D. Rifkin, Damian Hine and Ross Barnard
Success in research – or ‘mastery’ as we call it – can lead to interdisciplinarity arising among the increasingly fragmented disciplines of science: researchers in molecular…
Abstract
Success in research – or ‘mastery’ as we call it – can lead to interdisciplinarity arising among the increasingly fragmented disciplines of science: researchers in molecular biology can be assisted by advances in the physics of atomic imaging, when they become aware of a development's potential and feel motivated to take advantage of it. The unpredictability of advances in scientific research makes the location and nature of interdisciplinarity largely unpredictable. This unpredictability means that organisational structures in which scientific research takes place – and in which our students are trained – are likely to lag behind interdisciplinary synergies developing in the laboratory. The lag time suggested by our model explains the challenges faced by leaders of interdisciplinary programmes in higher education. One can conclude that opportunities for interdisciplinarity in science are held back by discipline-bound institutions.