Todd P. Steen, Steve VanderVeen and Julie Voskuil
The purpose of this paper is to explore a Christian perspective on the field of finance.
Abstract
Purpose
The purpose of this paper is to explore a Christian perspective on the field of finance.
Design/methodology/approach
This paper begins by examining the theoretical underpinnings of finance and how finance is practiced today. The paper then considers the implications of a reformed Christian worldview for finance, with special attention to the implications of the Biblical description of heaven for the practice of finance. The paper concludes by offering suggestions for the practice of finance.
Findings
Finance as it practiced today is overly concerned with short‐term considerations, shareholder interests over those of other stakeholders, and contractual relationships over other types of relationships. A model based on the Christian Scriptures that utilizes the themes of creation, fall, redemption, and consummation can be used to critique both the theory and practice of finance. This model suggests that finance is part of God’s intended structure for the world, and that it should contribute to the promotion of shalom, that is the universal flourishing of both humankind and the earth.
Practical implications
An examination of the Christian Scriptures provides a model for the practice of corporate finance. The authors assert that finance should be covenantal, long‐term oriented, inclusive, and stakeholder‐driven, and that it should promote the cause of justice.
Originality/value
The value of this paper is that it develops a Christian perspective on finance based on the reformed tradition of Christianity; it also offers suggestions for the practice of finance.
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Does religious and denominational background affect earnings and human capital investment? This paper examines religious background and human capital formation for a sample of…
Abstract
Does religious and denominational background affect earnings and human capital investment? This paper examines religious background and human capital formation for a sample of males from the year 2000 wave of the National Longitudinal Survey Youth 1979 Cohort. This survey provides information that makes it possible to control better for many components of family background in order to isolate the impact of religion and denomination. The paper contains results from analyses of men within broad religious categories as well as within various Protestant denominations, and reports results for different racial and ethnic groups. The method used for the analysis is the estimation of human capital earnings functions. The paper finds evidence that both men raised as Catholics and men raised as Jews have higher earnings, holding other characteristics constant.
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Does religious and denominational background still affect earnings and human capital investment? Several earlier studies suggest that they do, but all of these previous studies…
Abstract
Does religious and denominational background still affect earnings and human capital investment? Several earlier studies suggest that they do, but all of these previous studies were conducted on data from the 1970s and early 1980s. Examines religious background and human capital formation for a sample of males from the National Longitudinal Survey Youth Cohort (1991). Provides survey information that makes it possible to control better the many components of family background in order to isolate the impact of religion and denomination. Uses the estimation of human capital earnings functions similar to Tomes’ (1984) method. Finds that men raised as Catholics or Jews have higher incomes than men raised as Protestants, other things being held equal. When the dependent variable used for the analysis is the logarithm of hourly wages, men raised either as Catholics or Jews were also found to have higher wages. Contains results from analyses of men within various Protestant denominations, as well as results for different racial and ethnic groups.
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Brian E. Porter and Todd P. Steen
The purpose of this paper is to explore the role of Christian investors and the responsibility to promote justice and stewardship.
Abstract
Purpose
The purpose of this paper is to explore the role of Christian investors and the responsibility to promote justice and stewardship.
Design/methodology/approach
This paper examines three models of integrating the Christian faith with investing in the stock market. The first model considers investing in the stock market with minimal ethical discretion, looking at possible justifications for such behavior. The second model looks at the practice of avoidance of the stock market. The third model examines the ethic of active stewardship, where individuals more closely monitor the ethical behavior of firms.
Findings
Buying stock in a company makes one a part owner of that firm, and as an owner Christians have responsibilities to promote justice and stewardship within that firm. Although Christians may differ on the proper model for responding to this responsibility, the goal of all Christians should be to encourage fair business practices, honest labor‐management relations, care for the environment, and the production of goods that are truly useful in today’s society.
Practical implications
All three models can be based on various understandings of the Christian scriptures. The authors assert that whatever model is chosen, Christians need to look beyond just monetary returns when making investment decisions.
Originality/value
The value of this paper is that it explores the difficulty of integrating the Christian faith with investing and offers a model for being a responsible Christian investor.
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Michael A. Kortt, Todd Steen and Elisabeth Sinnewe
The purpose of this paper is to examine the determinants of church attendance and the formation of “religious human capital” using a Becker-inspired allocation-of-time framework.
Abstract
Purpose
The purpose of this paper is to examine the determinants of church attendance and the formation of “religious human capital” using a Becker-inspired allocation-of-time framework.
Design/methodology/approach
Data derived from three waves of the Household, Income and Labour Dynamics in Australia Survey were used to estimate a reduced-form two-equation system where the endogenous variables were frequency of attendance at religious services and intensity of faith.
Findings
The results indicate that while the hourly wage rate accounts for some of the variation in the attendance and faith regressions (i.e. higher wages lead to lower levels of attendance and faith), “allocation of time” variables like working long hours also influence these dimensions. The findings also suggest that the decision to attend or not or to have any faith at all is generally independent from economic factors. However, once the decision to attend or to have faith is made, an individual’s wage influences the degree of attendance or faith to a significant level.
Originality/value
The study contributes to this embryonic body of empirical literature by providing – to the best of the authors’ knowledge – the first results for Australia.
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Elisabeth Sinnewe, Michael Kortt and Todd Steen
– The purpose of this paper is to estimate the association between religious affiliation and the rate of return to human capital for German men and women.
Abstract
Purpose
The purpose of this paper is to estimate the association between religious affiliation and the rate of return to human capital for German men and women.
Design/methodology/approach
This paper employs data from the 1997, 2003, 2007 and 2011 waves of the German Socio-Economic Panel for German men and women in full-time employment between the age of 25 and 54. The association between religious affiliation and wages was estimated using a conventional human capital model.
Findings
This paper finds that Catholic men (women) received a wage premium of 4 per cent (3 per cent) relative to their Protestant counterparts, even after controlling for an extensive range of demographic, economic and social characteristics.
Originality/value
The study contributes to the literature by providing – to the best of the authors’ knowledge – the first results on the wage premium received by Catholic men and women in the German labour market.
The confusion over what counts as “strategic” is widely acknowledged to be a problem for both research and practice. The paper aims to develop a robust definition of “strategic…
Abstract
Purpose
The confusion over what counts as “strategic” is widely acknowledged to be a problem for both research and practice. The paper aims to develop a robust definition of “strategic decisions” and a classifying tool that distinguishes them from grand tactical, tactical, and other organizational decisions.
Design/methodology/approach
An extensive literature review focused on the leading journals is carried out. Articles having “strategic decision” in the abstract are retrieved from EBSCO Host and ProQuest One Academic databases. Definitions of “strategic decisions” are critically assessed and classified to form the trigger and basis of the development of new definition.
Findings
The literature review identifies five approaches by which strategic decisions are defined, and their limitations are exposed. The proposed definitions of “strategic,” grand tactical, and tactical decisions, and the novel classification tree, used to distinguish those decisions, are shown to be more accurate and robust than those previously offered in the literature.
Originality/value
New definitions of “strategic,” grand tactical, and tactical decisions are offered; and a new classifying tool is developed.
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Jane Booth and Pat Green
Humanity faces many crises – climate change, food insecurity, persistent poverty – what Brown, Harris, and Russell (2010) call wicked problems. These problems implicate us all…
Abstract
Humanity faces many crises – climate change, food insecurity, persistent poverty – what Brown, Harris, and Russell (2010) call wicked problems. These problems implicate us all, with possible solutions transcending disciplinary, organizational, and national boundaries. Therefore educators need to nurture graduates able to engage as future practitioners – and citizens – in seeking solutions which recognize “the personal, the local and the strategic, as well as specialized contributions to knowledge” (Brown et al., 2010, p. 4).
A model of service-learning which draws on the principles of social pedagogy, cultural-based learning and co-production provides the foundations for a more reflexive pedagogy, supporting the “development of student attention, emotional balance, empathetic connection, compassion and altruistic behavior” (Zajonc, 2013, p. 83). This approach advocates that community organizations play a pivotal role in co-designing knowledge. Drawing on an applied research module at University of Wolverhampton this chapter will argue that by engaging community groups as co-producers of knowledge, learning can be extended beyond students to the wider community (Murphy & Joseph, 2019). Not only will this enhance the potential of service learning to benefit the community and the students, but it has the potential to produce graduates more sensitive to the needs of communities themselves.
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Keywords
- Applied learning
- community engagement
- community link
- community-based learning
- co-production
- critical reflection
- cultural-based learning
- experiential learning
- expertise/expertises
- integrated experience
- knowledge of the powerful
- powerful knowledge
- reciprocity
- reflection
- social pedagogy
- social science
- wicked problems
Barbara Van der Steen, Joke Van Saane and Gerda Van Dijk
In the leadership debate, one of the questions for public leaders nowadays is how to reflect and experience meaning in these complex and accelerated times. This article compares…
Abstract
Purpose
In the leadership debate, one of the questions for public leaders nowadays is how to reflect and experience meaning in these complex and accelerated times. This article compares three dominant theoretical narratives with the narratives of public strategic leaders in practice. The statement in literature is that leaders in organisations need to create time to reflect on “creating meaning” with others as an answer to the adaptive challenges. The limitation of these studies is that they do not explore leaders’ experiences in practice. We fill this gap by examining the experiences of public strategic leaders and exploring the implications.
Design/methodology/approach
We qualitatively explore the narratives of 25 public strategic leaders using interviews, group dialogues and surveys.
Findings
The central finding is a problematic gap between theory and practice. This is a concern because of the utopic ideology of reflectivity, which does not consider the forces present in political and bureaucratic organisations and the leaders’ perceptions of their role and position. The narrative exploration shows a pattern of leaders trying “to do good”, avoiding disruptions caused by doubts, emotions or intuitions.
Practical implications
The narratives of public strategic leaders show three persistent ideologies putting pressure on their reflective space in daily practice. These narratives offer a starting point for public organisations regarding the reflective practices of strategic leaders.
Originality/value
This article opens a debate about leadership and reflectivity paradigms in theory and practice. It offers a reality check for leaders’ and coaches’ daily practices, as opposed to the often utopic theories.
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Metaphor is an important concept for clean language interviewers. This chapter describes what metaphor is and overviews the experimental research showing the potential for…
Abstract
Chapter Summary
Metaphor is an important concept for clean language interviewers. This chapter describes what metaphor is and overviews the experimental research showing the potential for metaphor to influence interviewees. It expands on the brief introduction to metaphor in Chapter 1 and describes the role clean language can play by enabling interviewees' metaphors to be elicited, explored and modelled without the influence of the interviewer's metaphors. It justifies the value of a heightened awareness of the ubiquity and variety of metaphors and their involvement in the different phases of qualitative research; and builds an argument for how a clean language interviewing approach to metaphor can enrich the research process.