Michael T. Foley, Janet M. Angstadt, Ross Pazzol and James D. Van De Graaff
To analyze a recently approved FINRA rule amendment that will require registration with FINRA of associated persons of FINRA-member firms who are primarily responsible for the…
Abstract
Purpose
To analyze a recently approved FINRA rule amendment that will require registration with FINRA of associated persons of FINRA-member firms who are primarily responsible for the design, development or significant modification of an algorithmic trading strategy.
Design/methodology/approach
This article discusses the rationale and details of the proposed requirements.
Findings
The amended FINRA rule, particularly when combined with the SEC’s proposed amendments to Rule 15b9-1 under the Securities and Exchange Act of 1934, will result in many individuals who currently are not subject to a FINRA registration requirement to pass a qualification examination and register.
Originality/value
This article contains valuable information about important FINRA rule-making activity.
Details
Keywords
Janet M. Angstadt, Michael T. Foley, Ross Pazzol and James D. Van De Graaff
To analyze FINRA’s proposal that would require registration with FINRA of associated persons of FINRA-member firms who are primarily responsible for the design, development or…
Abstract
Purpose
To analyze FINRA’s proposal that would require registration with FINRA of associated persons of FINRA-member firms who are primarily responsible for the design, development or significant modification of an algorithmic trading strategy.
Design/methodology/approach
This article discusses the rationale and details of the proposed requirements.
Findings
If adopted in its current form, the proposed rule-making, particularly when combined with the SEC’s proposed amendments to Rule 15b9-1 under the Securities and Exchange Act, would result in many various individuals who currently are not subject to a FINRA registration requirement, to pass a qualification examination and register.
Originality/value
This article contains valuable information about important FINRA rule making activity.
Details
Keywords
Glenn Boyle, Sanghyun Hong and Michael Foley
This study aims to examine the impact of December 2012, New Zealand (NZ) stock exchange operator listing rule change that introduced compulsory disclosure about gender diversity…
Abstract
Purpose
This study aims to examine the impact of December 2012, New Zealand (NZ) stock exchange operator listing rule change that introduced compulsory disclosure about gender diversity on NZ boards.
Design/methodology/approach
A quasi-natural experiment setting with a clearly identifiable exogenous event.
Findings
The rate of growth in female-held directorships increased significantly after the introduction of the new rule, resulting in, by 2016, the average female board representation being more than double what it had been in 2012. However, this paper finds no relationship between this response and company performance.
Research limitations/implications
This study cannot attribute causality to the observed jump in female directorships following the 2012 listing rule change due to the absence of a control group of firms not subject to this change.
Practical implications
The results are consistent with an efficient director appointment process in NZ.
Originality/value
Low-key regulatory changes can have a significant impact on company behaviour.
Details
Keywords
How did gays in the military go from being characterized as dangerous perverts threatening to the state, to victims being persecuted by the state, to potential heroes fighting on…
Abstract
How did gays in the military go from being characterized as dangerous perverts threatening to the state, to victims being persecuted by the state, to potential heroes fighting on behalf of the state? What implications does this shift have for understanding the means by which the liberal state uses law to include the previously excluded? Offering a critical account of the inclusion of gays in the military, I argue that while the lifting of the ban can be seen as an important step in a classic civil rights narrative in which the liberal state gradually accommodates the excluded, pop culture allows us also to see state and minority group interest convergence as well as divergence, revealing the costs of inclusion.
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Michael O’Donnell, Sue Williamson, Arosha Adikaram and Meraiah Foley
The purpose of this paper is to explore how human resource (HR) managers in garment factories in a Sri Lankan export processing zone (EPZ) navigated the tension between their role…
Abstract
Purpose
The purpose of this paper is to explore how human resource (HR) managers in garment factories in a Sri Lankan export processing zone (EPZ) navigated the tension between their role as stewards of employee welfare and their role to maximise firm productivity in response to time and production pressures imposed by international buyers. Relatively little attention has been paid to the role of HR managers as liaisons between firms and labour. This omission is significant, given the importance of human resource management in the recruitment and retention of labour and the role of HR managers in organisational performance and regulatory compliance.
Design/methodology/approach
A qualitative approach was used based on interviews with 18 HR managers, factory managers and other key informants, and 63 factory workers from 12 firms in the Katunayake EPZ. The interviews and focus groups in English were transcribed and coded into themes arising from the literature and further developed from the transcripts. Initial codes were analysed to identify common themes across the data set.
Findings
HR managers were acutely aware of the competitive pressures facing the EPZ garment factories. While examples of company welfarism were evident, HR practices such as incentive payment systems and the management of employee absences reinforced a workplace environment of long hours, work intensification and occupational injury.
Originality/value
This paper goes some way towards filling the gap in our understanding of the roles played by HR managers in garment factories in the Global South, raising theoretical debates regarding the potential for HR managers in developing countries to distance themselves from the negative consequences of HR practices such as individual and team reward systems.
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WE are pleased to devote this Special Number of THE LIBRARY WORLD to a discussion of Irish libraries and librarianship. Our contributors are all distinguished members of the…
Abstract
WE are pleased to devote this Special Number of THE LIBRARY WORLD to a discussion of Irish libraries and librarianship. Our contributors are all distinguished members of the profession in Ireland, none more so than Dermot Foley, to whom we are greatly indebted for having convened this issue.
The market’s reactions to six decisions that dealt with the employment‐at‐will doctrine were examined with event study methodology. Three hypotheses were tested, all three of…
Abstract
The market’s reactions to six decisions that dealt with the employment‐at‐will doctrine were examined with event study methodology. Three hypotheses were tested, all three of which were supported clearly by the data. Shareholder returns to a sample of California firms fell in response to the three California decisions that provided at‐will employees with causes of action to challenge their discharges; returns to those same firms rose in response to the Foley decision, which cut back on the employment‐at‐will erosions in California; and, returns to a sample of firms in New York rose in response to the two decisions from New York that affirmed the supremacy of the employment‐at‐will doctrine in New York. These results support the view that employment‐at‐will is beneficial for employers and that erosions to that doctrine are costly to employers.
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Jane Farmer, Tracy De Cotta, Katharine McKinnon, Jo Barraket, Sarah-Anne Munoz, Heather Douglas and Michael J. Roy
This paper aims to explore the well-being impacts of social enterprise, beyond a social enterprise per se, in everyday community life.
Abstract
Purpose
This paper aims to explore the well-being impacts of social enterprise, beyond a social enterprise per se, in everyday community life.
Design/methodology/approach
An exploratory case study was used. The study’s underpinning theory is from relational geography, including Spaces of Wellbeing Theory and therapeutic assemblage. These theories underpin data collection methods. Nine social enterprise participants were engaged in mental mapping and walking interviews. Four other informants with “boundary-spanning” roles involving knowledge of the social enterprise and the community were interviewed. Data were managed using NVivo, and analysed thematically.
Findings
Well-being realised from “being inside” a social enterprise organisation was further developed for participants, in the community, through positive interactions with people, material objects, stories and performances of well-being that occurred in everyday community life. Boundary spanning community members had roles in referring participants to social enterprise, mediating between participants and structures of community life and normalising social enterprise in the community. They also gained benefit from social enterprise involvement.
Originality/value
This paper uses relational geography and aligned methods to reveal the intricate connections between social enterprise and well-being realisation in community life. There is potential to pursue this research on a larger scale to provide needed evidence about how well-being is realised in social enterprises and then extends into communities.
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Keywords
This paper offers new conversations on entrepreneurial ecosystems as contested communities through a critique of extant work that relies uncritically on social capital. It offers…
Abstract
This paper offers new conversations on entrepreneurial ecosystems as contested communities through a critique of extant work that relies uncritically on social capital. It offers new directions for theorizing and studying entrepreneurial ecosystems guided by a critical perspective of social capital (i.e., arriving from several intellectual traditions including political economy, intersectionality, critical race theory, and feminisms). In doing so, the paper offers insights around how continued structural and relational inequalities based on gender, race and/or immigrant status within the domain of entrepreneurship can be brought to the forefront of ecosystem frameworks. Doing so produces new approaches to the conceptualization and study of entrepreneurial ecosystems as more than sites of economic activity between and among actors, but rather it allows for consideration of how being differentially embedded in social structures matters for entrepreneurship. Differences in social structures within ecosystems reflect broader societal patterns and analyzing them can yield insights about the configuration of institutions. To understand the complexity of how different institutional configurations may lead to different forms of entrepreneurial ecosystems, it is necessary to have different conceptual starting points on social capital (informal) and exchange relationships (formal) as foundational aspects of entrepreneurial activities. Consequently, the paper provides these new analytic starting points, thus providing better explanatory and empirical power to demonstrate how and why inequalities persist in entrepreneurship.