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The purpose of this paper is to examine and report on the impact of integrating geospacial technology and ecological literacy into an educational leadership Master's class block comprised of action research and curriculum theory.

Action and teacher research informed by environmental issues framed an action research and curriculum theory course block in a Master's Educational Leadership program. A phenomenological study captured what transpired at a rural campus in Summer 2009. Teachers in Cohort VII investigated environmental relationships through observation, data collection, and analysis. The use of geospatial technologies built on place‐based educational pedagogies through the experience of kayaking on the Llano River to examine ecological social contexts as they relate to environmental issues.

Data reveal great interest in geospatial technologies but need for more professional development.

This action research engaged future school administrators in considering how to integrate spatial technology building on local geographic resources to enhance ecological literacy.

Research in the area of education administrators and public school students utilizing geospatial technology is very limited. The value added to the curriculum with geospatical technology is embraced by the masters students. They also began to comprehend how environmental literacy, as well as outdoor educational experiences, can be integrated into the school curriculum effectively.

THAT WAS A BRAVE and surprising report that Prof. Elie Kedourie sent in to the Centre for Policy Studies, the more so because the professor is himself working at London University.

The purpose of this paper is to trace the entrepreneurial opportunity identification process of William Oscar Carpenter (WOC), a nineteenth century farmer, who went to California in 1850 to make his fortune in gold mining and ended up starting several new business ventures. The paper seeks to recount WOC's experiences and then apply them to similar issues faced by entrepreneurs in a modern‐day developing economy.

Using qualitative inquiry through archival research, the paper examines a compilation of WOC's letters to his future wife in New York. The letters provide a detailed account of the hardships and poor living conditions faced by gold seekers. The letters are examined and interpreted in the context of opportunity identification and the California Gold Rush, then applied to contemporary entrepreneurs.

WOC's letters elucidate the difficulties encountered making the trip from the East Coast to California, give later generations an historical viewpoint on a variety of social issues, and detail WOC's entrepreneurial activities in California. After a brief period as a successful miner, WOC's business career developed and branched out in different directions as he perceived entrepreneurial opportunities associated with the California Gold Rush. His story is an excellent example of opportunity recognition that has implications for current entrepreneurial activity.

WOC's awareness, anticipation, and timely action regarding business opportunity can be related, compared and contrasted with entrepreneurial activity today. The paper discusses these implications in light of opportunity recognition research and developing entrepreneurial economies.

Equal Pay—Objectives and Achievement Equal pay for women has a history of policy declarations dating back in Great Britain to the resolution of the Trades Union Congress in 1888: “That in the opinion of this Congress it is desirable, in the interests of both men and women, that in trades where women do the same work as men, they shall receive the same pay.” On an international level the International Labour Organisation included the concept of “equal remuneration for work of equal value” in its constitution adopted in 1919, reiterating the principle in Convention 100 in 1951, which was not however ratified by this country until 1971, one year after the passage of the Equal Pay Act. The United Nations Declaration of Human Rights of 1948 states that “everyone, without distinction, has the right to equal pay for equal work”, with a more precise definition in its 1967 Declation on the Elimination of Discrimination against Women, “that all appropriate measures shall be taken to ensure to women,… the right to equal remuneration with men and to equality of treatment in respect of work of equal value”. In contrast, under Article 119 of the Treaty of Rome member states of the European Economic Community are required to “ensure and subsequently maintain the application of the principle that men and women should receive equal pay for equal work”.

Georgian architecture dominates much of the urban vista of the British Isles and is also evident in many former British colonies. A product of the eighteenth century, it is an architectural style richly embedded in its social and political context. The defining feature of a Georgian building: a perfectly proportioned, standardized and symmetrical façade echoes the balance inherent in Pacioli’s double entry treatise. The purpose of this paper is to examine the role of accounting in the construction and widespread adoption of the standard Georgian house. It finds that eighteenth century builders’ price books (“estimators”), disseminating detailed materials and labour costing information on all components of house construction, inherently acted as norms or standards of cost behaviour. Essentially, it is argued, they constituted a form of human accountability which, located within a broader network of diverse actors, culminated in the diffusion of Georgian Classicism.

This paper aims to show that tax‐motivated early exercise of US employee stock options can be, in principle, rationalized for bullish executives. The paper aims to show empirical evidence consistent with private positive information guiding the timing of the exercises.

The paper uses conventional event study methodology to examine the long‐run relative stock price performance of firms in which executives early exercise and maintain the acquired shares. The long‐run analysis adopts the cumulative abnormal return as well as the buy‐and‐hold methodological approach.

Tax‐motivated early exercise may be justified on the grounds that future stock appreciation can be converted to long‐term capital gains if the shares are held for over one year while, should the stock decline, shares can be sold within a year to count for short‐term losses. The empirical results reveal that executives who early exercise and continue to hold a majority of the shares acquired do so before performance in their company stock is significantly better than a benchmark.

Information‐based early exercise is not a harbinger of poor firm performance, as prior research has suggested. This paper illustrates that private positive information can motivate tax‐based early exercise of employee stock options. Prior research has mostly suggested it cannot. Stock retention upon early exercise indicates the optimism of the exerciser.

The first modeling of an exploitable tax asymmetry upon exercise of US employee stock options. The explicit separation of exercises likely based on positive inside information from those likely based on negative information or other non‐informative reasons.

This paper uses newly compiled data from two surveys of female home workers undertaken by the Women’s Industrial Council in London in 1897 and 1907 to investigate various issues related to their work and wages. The reports detail the occupations, average weekly earnings and hours, marital status, and household size, composition, and total income of approximately 850 female home workers, offering a unique, and as yet unused, opportunity to explore the labor market characteristics of the lowest-paid workers in the early twentieth century. Analysis of the data reveals that the female home workers who were surveyed were drawn overwhelmingly from poor households. Home workers were older than female factory workers, most were married or widowed, and the majority of married workers reported that their husbands were out of work, sick, disabled, or in casual or irregular work. Weekly wages and hours of work varied considerably by industry, but averaged about 7–9s. and 40–45 hours per week, with many workers reporting the desire for more work. The relationship between hours of work (daily and weekly) and hourly wages was negative, and the wives and daughters of men who were out of the labor force due to unemployment or illness tended to work longer hours at lower wages, as did women who lived in households where some health issue was present. These findings lend support to contemporary perceptions that women driven into the labor force by immediate household need were forced to take the lowest-paid work, whether because they lacked skill and experience or bargaining power in the labor market.

There has been a policy for including pupils with severe, profound and multiple learning difficulties in mainstream schools in England since the 1980s. However, effective inclusive education has proved to be very difficult to achieve in practice. Currently, there is a mixed economy of special and mainstream schools offering inclusive education, and we argue that the place of education is less important than the quality of that education. Ideally, pupils with S/PMLD would be educated in their own local communities, alongside their non-disabled peers, but this situation is not yet established in English schools.

The purpose of this paper is to test the fundamental purpose of the 1992 Small Business Incentive Act (SBIA) to reduce the regulatory burden for small firms to raise public equity capital.

Our research compares initial public offerings (IPOs) that filed with the newer SB‐2 program to benchmark firms that filed using the traditional S‐1 filing. The authors use three proxies to measure success, hypothesizing that, if the regulatory burden has indeed been reduced for small firms, all three variables should be smaller for SB‐2 IPOs. Univariate and multivariate analyses were conducted.

With regards to easing regulatory costs, it is found that the program has not been effective. On average, SB‐2 IPOs experience larger‐scaled offering expenses, and pay higher underwriter gross spreads compared to S‐1 IPOs of similar size. SB‐2 IPOs, however, take fewer days to complete the registration process, when controlling for other relevant factors. In the burden of time, the SBIA has been effective.

The paper is of value to managers of firms desiring to conduct an IPO. These managers, if they meet the size requirements dictated by the SEC, can elect to use an SB‐2 or an S‐1 document. The paper shows that if cost is the primary concern, the S‐1 program should be preferred. If time is the primary consideration, then the SB‐2 program is preferred.

To the authors' knowledge, they are the first to test the efficacy of the SBIA program.

During this month the average librarian is given furiously to think over the estimates, and in this year, perhaps more than any other, will that adverb be applicable. The matter is so important that we do not apologise for dealing with it once more. In March in nearly every town there will be a determined effort by men who call themselves “economists” to reduce the appropriation for public libraries. The war is the most handsome excuse that the opponents of public culture have ever had for their attacks upon the library movement. It is obvious that these attacks will take the direction of an endeavour to reduce the penny rate, where this has not been done already. In the year that has passed retrenchment has been the watchword of all municipal work, and many librarians have either ceased to buy new books or have bought only those of vital importance. This has meant that a certain amount of money usually devoted to books has accumulated. Seeing that legally money which has been raised for library purposes cannot be expended in any other direction, the only way in which the “economists” can work is to propose a reduction of next year's rate by an amount corresponding to the balance. It is an extraordinary thing that after decades of demonstration the average local public man cannot or will not see that money taken from the funds of a public library cannot be restored to it later. The limitation of the penny rate is nearly always forgotten or ignored, and the common phrase of such men: “You must economise now and we will give you more money after the war,” has been heard by most librarians. An endeavour should be made to drive home the fact that retrenchment in books, or in other matters in connexion with libraries, now means so much actual irreparable loss to the libraries. We have dealt several times in these pages with the vexed question of balances. Practice differs so much in different localities that it seems impossible to get any universal ruling in connexion with this matter. Many libraries have been able to invest their balances in some form of war loan ; in others the librarian has been told emphatically that such investment is illegal. We can speak of towns within five miles of each other in one of which money has been invested, and in the other investment is banned in this way. Unfortunately librarians have been rather silent upon this point, and it is difficult to obtain any reliable information as to how many towns have investments. It would strengthen the hands of many librarians if they knew that in so many other municipalities the library funds were so invested.