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This paper reviews economic studies on the effects of various aspects of finance on labour market outcomes.

The paper is a systematic literature review that reviews the weight of the evidence on the relationships between specific elements of finance and labour outcomes. The review is divided into three major sections: (1) job quantity and job quality; (2) distributional effects; and (3) resilience and adaptability.

Finance interacts with labour market institutions to jointly determine labour outcomes. Firm financial structures influence their labour practices – highly leveraged firms show greater employment volatility during cyclical fluctuations, and leverage strengthens firm bargaining power in labour negotiations. Bank deregulation has mixed impacts on labour depending upon the state of prior bank regulations and labour markets. Leveraged buyouts tend to dampen acquired-firm job growth as they pursue labour productivity gains. The shareholder value movement may contribute to short-termism among corporate managers, which can divert funds away from firm capital accumulation toward financial markets, and crowd out productive investment. Declining wage shares of national income in most OECD countries since 1990 may be driven in part by financial globalisation. The financial sector contributes to rising income concentration near the top of the distribution in developed countries. The availability of finance is associated with increased reallocation of labour, which may either enhance or impede productivity growth. Finally, rising interest rate environments and homeowners with mortgage balances that exceed their home's value may reduce labour mobility rates.

This review contributes to the understanding of the effects of finance on labour by reviewing and synthesising a large volume of literature.

Between the 1830s and 1990s, thousands of Irish women were incarcerated without due process in magdalen asylums for sexual behaviour that violated the Catholic Church’s moral code. The asylums were operated by congregations of nuns that sought to protect society from the contagion of “wayward” women while simultaneously attempting to reform them through a harsh regimen of laundry work and devotional rituals. Some penitents, as the inmates were often called, embraced the institutional life of labour and prayer with such sincerity that they advanced to the nun‐like status of the Sisters Magdalen. Most simply endured lives of drudgery indistinguishable from slavery until either death or release upon the intervention of relatives. The asylum system had no basis in law and its shadowy existence, its ability to avoid scrutiny or regulation, and its survival until very recent times, illustrate in a striking manner the hegemonic power of the Church in Ireland.

This chapter reviews the conceptual developments in neighbour studies, charting the shift and bringing together older work on the ‘distance-closeness’ dynamic of neighbour relations with newer ‘equality of neighbours’ approaches. It seeks to empirically extend the sociology of neighbours through an analysis of the experiential narratives of neighbours living in contexts of urban multiculture in the United Kingdom. Drawing on two previous studies of urban multicultural social life and a small street study of neighbours in London, this chapter explores the everyday ‘publicness’ of the neighbour and examines the ways in which recent work on social infrastructure can be productively applied to neighbour relations. This chapter concludes that where cultural and social difference is a very ordinary – although not necessarily easy – experience, neighbour relations offer the potential to work as radical sites of pragmatic multiculturalism.

Outlines the factors causing the automotive industry to increase machine vision application, reviews new developments in vision technology that are targeted at expanding and improving it use in the automotive industry, reports on an innovative application of vision guided robotics at DaimlerChrysler

The objective of this chapter is to compare the measurement bases of income and expenditures found in International Public Sector Accounting Standards (IPSAS) used in Public Accounts with those in the statistical rules used in National Accounts/Government Finance Statistics (GFS). Both frameworks apply an accrual methodology, but, while some governments appear dubious about adopting the IPSAS framework, the National Accounts framework is more ‘tried and tested’ for government financial reporting on an international scale. The practical application of the accrual methodology in the two frameworks differs to a certain extent. These differences provide learning opportunities for both frameworks.

The popularity of research into categories has grown in recent decades and shows no sign of abating. This introductory article takes stock of the research into two facets of categorization, addressing it both as a cognitive and a social process. We advocate a rebalance toward the social process of categorization, paying more heed to the entity to be categorized, the actors involved, their acts, and the context and timing, which informs these activities. We summarize the contributions to the volume in relation to these dimensions and briefly discuss avenues for future research.

Driven by functional theories of attitude and addressing the emerging themes of luxury brands and social media, the purpose of this paper is to explore the marketing potential of social media for luxury brand management.

A survey was conducted to prompt participants to explore Louis Vuitton's Facebook page and complete a questionnaire designed to measure their satisfaction with the luxury brand's Facebook page and various endogenous variables.

Structural equation modeling (SEM) analyses uncovered dynamic relationships among consumers’ perceptions of value‐expressive and social‐adjustive functions of luxury brands, satisfaction with a luxury brand's (Louis Vuitton) Facebook page, attitudes toward the brand, intentions to utilize the brand's social media (Facebook and Twitter) for online shopping, and intentions to research online and purchase offline (ROPO).

This paper marks an exploratory step toward our understanding of the dynamic roles user‐generated content and social media play in the formation and maintenance of the emerging consumer‐brand‐consumer triad culture. Theoretical and managerial implications of this exploratory research are discussed.

To those concerned with challenges and challengers to conventional wisdom, the entirely credible perception of ours as a planet in the midst of a deep environmental crisis offers fruitful grounds for analysis. Crises stimulate those who have, in the existence of the crisis, firm proof that the wisdom which girds the status quo is deficient and/or those who apply it are. This is particularly true when the crisis is perceived to be grave and dread‐laden. Skin cancer due to the depletion of the ozone layer is on the increase. Large, at times devastating, climate changes are loose upon the planet. Whether given quasi‐ scientific names like the “greenhouse effect” or lumped together in a melange of “acid rain”, “toxic waste” and “industrial cancers”, the result is the same. Rational citizens of the everyday‐person‐on‐the‐street sort feel threatened. The threat is given shape and substance by the mass media. The environmental crisis is a credible crisis. One need not list radical political activism as one's vocation to list the environmental crisis as one of one's fears as we enter the 1990's.

The purpose of this paper is to explore the prediction of competitive response based on the characteristics of market and non‐market actions comprehensively, and develop a four‐stage decision‐making model of firm's competitive action, which is significant for Chinese practicing managers when formulating and implementing the strategies, and further predicting competitors' strategic choices.

The research adopted the method of structured content analysis and carried out the survey in Chinese home appliance industry, mainly covering the largest firms, including TCL, Hisense, Changhong, Konka, Haier, and Skyworth. The method of multiple regression analysis was employed to test the hypotheses.

The results show that in order to comprehensively forecast competitor's responding behaviors, the firms could not only limit their perspective to market field but also pay attention to non‐market. Additionally, in the process of dynamic interaction, the attacking or responding action is not independent and it is related significantly to another three type decisions, which are market and non‐market, strategic and tactic, and collective and individual. Further, the study asserts that, in market field, tactic activity is more likely to trigger competitor's response than strategic one, while in non‐market, the situation is just the opposite. Meanwhile, the study figured out that individual market attack is easier to trigger individual market and non‐market response, as well as collective market response. While for non‐market action, whatever it is individual or collective, both would be easy to provoke competitor's collective response.

The research findings extend the existing competitive interaction theory to non‐market field. When forecasting competitor's choice of the competitive action, the firms could not only limit their perspective to market field but also pay attention to non‐market, attaching importance to certain situation of competitor's taking such non‐market action as corporate philanthropy, etc. to launch an attack or a response for gaining competitive advantage.