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The purpose of this paper is to report on an exploratory study designed to illuminate the complexity of outsourcing extra-curricular activities (ECAs) in primary schools in a time of neoliberal influence and to examine the views of teaching professionals on the reasons, issues and considerations of outsourcing ECAs such as the dynamic relations between ECA coordinators and service providers, and between teachers and parents.

The qualitative research that informs this paper is conceptualized within the interpretive paradigm since it aims at understanding the thoughts of 20 teaching professionals including 16 teachers and four principals with regard to the outsourcing of ECRs in times of promoting other learning experiences in schools. This interpretive paradigm emphasizes naturalistic methods of inquiry.

Two major themes which demonstrated the driving forces for outsourcing educational activities as well as the dynamic relationship between teaching professionals and service providers arising in the process of outsourcing emerged from the interview data. This paper illustrates that the neoliberal impact on the implementation and quality of ECAs needs to be understood as a much more complicated process shaped by the local context.

A major limitation is the small number of samples in primary schools in this qualitative study. Another area of possible investigation is the noticeable extension of the study area to the sectors of kindergartens and secondary schools.

From management perspectives the finding carries the implication that outsourcing must be carefully planned have explicit goals and systematically implemented.

The finding enriches the understanding of how neoliberal thinking creeps into management of outsourcing ECAs in schools.

The study does not aim at generalization of the findings but it attempts to illuminate the phenomenon of outsourcing ECAs in primary schools in Hong Kong. To support the empirical findings of the present qualitative study, it is recommended that follow-up quantitative studies be conducted, with larger sample sizes and more diverse sample groups included in the population.

The purpose of this paper is to present an acoustics-based method for measuring turbofan nozzle exhaust thrust, while assessing the potential of scaling the methods for in-flight measurements.

Although many methods proposed for achieving in-flight thrust measurements involve complicated, sensitive and expense instruments, an acoustics-based approach is discussed that greatly simplifies the technology development pathway to in-flight applications.

Results are provided for a minimum set of sensors applied in the exhaust of a research turbofan engine at Virginia Tech, showing the difference in acoustics-measured thrust and nozzle thrust found by integrating thermocouple and Kiel probe measurements to be less than 6 per cent at the maximum fan speed examined.

Measuring accurate thrust values in flight will prove immediately valuable for installed thrust validation and engine health monitoring. Acoustics-based methodologies are attractive because of the robustness and low cost of sensors and sources. The value of in-flight thrust measurements, along with the benefits of acoustic approaches, makes the current topic of great interest for further development.

This paper presents unique applications of a time-of-flight acoustic thrust sensor, while providing an original assessment of technological challenges involved with the progression of the technique for in-flight measurements.

The purpose of this paper is to report on a case study of 93 parents’ attitude toward their involvement at various levels of school education in a special school. It also examines the relations between parents’ education backgrounds and different levels of parental involvement.

This study adopted quantitative research approach. A questionnaire composed of 30 items under six scales was developed with reference to Ng’s (1999) six-level Model of Home-School Cooperation which was adopted to frame the study.

The study indicates that parents’ inclined to be involved more outside the school including “two-way communication,” “supervision of children at home” and “participation in parent organizations and activities” than that inside the school such as “volunteering,” “providing advice on school policies” and “participating in decision making.”

In spite of its small scale in a case-study special school, the paper does not aim at generalization but illuminates how parental involvement was carried out.

The study carries implications for school management and policy makers when promoting and implementing parental involvement in special schools.

For the school personnel, a total and positive relationship could help enhance efficient and effective management of education. Second, more resources should be provided by the Education Bureau for special schools to educate parents and subsidize their involvement. Third, more training opportunities regarding knowledge and skills of parental involvement should be provided for frontline teachers.

The purpose of this paper is to report a qualitative study exploring how parents have been included in school governance in Hong Kong and in what ways their roles have been evolving in state education.

The qualitative method was adopted in this exploratory study, the findings of which help provide insights for conceptualization of phases of progression of the development of how parents have been included in state education in Hong Kong. The method of exploration is two‐fold. First, evidence was obtained through examining Hong Kong's educational policy documents with regard to parent‐school relations in the last two decades and taking reference to the literature and research studies on parent involvement in Hong Kong. Second, two focus group interviews were conducted with parents and teachers respectively, in order to obtain data of development of the relationship between home and school in times of reforms.

Derived from the findings, four phases of development of how parents are included in school governance are conceptualized. They are: parents as unwelcome guests – separate responsibilities; parents as volunteers – encouraging participation; parents as clients: accountability approach; and parents as school governors – shared responsibilities. The issue of whether including parents in school governance is reality or rhetoric emerging from the data was discussed.

The findings of this study contribute to the international studies on parent involvement in school governance, so as to formulate an effective policy that helps facilitate parents as “real” but not “rhetorical” school governors.

The purpose of this paper is to report on an exploratory study regarding the present situation of middle managers in schools; their professional development needs; and requirements of middle leaders for quality school management so that contents of existing professional development programmes could be improved to meet the needs of middle leaders of primary school education.

Employing both quantitative and qualitative methods, this paper reports on a study of the training needs of middle leaders in primary schools in which their present situation, their needs for professional development and requirements for quality school management and leadership are explored. The study adopted survey questionnaires as the main method of data collection. To supplement quantitative data with regard to the professional development needs, six middle managers were purposefully selected for semi-structured interviews.

The findings suggest that there are insufficient training opportunities for middle leaders in primary schools and that there is a strong demand for including the notions of interpersonal skills, crisis management, resources management and understanding of education ordinances in the professional development curriculum for middle leaders. The study recommends that training programmes should exert focus on meeting the specific needs of middle leaders and the content and approach be multi-dimensional.

In spite of the small scale of the survey study, the data collected from individual in-depth interviews can provide the investigators with supplementary information on their professional development needs which also serves the purpose of triangulation. The finding can also be a very constructive reference for course providers who wish to re-engineer and improve the quality of professional development programmes for middle leaders. This may help arouse their interests and enhance their learning motivation.

The purpose of this article is to report an exploratory study which was designed to illuminate how school cultures and teachers' value orientations are affected by the educational change of parental involvement.

The qualitative research that informs this paper is conceptualized within the interpretive paradigm. Two schools were selected purposefully for the study. In‐depth interviews with 12 teachers and their principal were conducted in each school where observation took place for half a year. Eventually themes and dimensions of teachers' value demarcations emerged in times of change.

The study demonstrates that three balkanized factions of teachers were wrestling at school. The first balkanized teacher group welcomed the innovation of parental involvement. The second faction of teachers who disbelieved such innovation was found diffident and conservative, and demonstrated resistance to change. The third type of teachers was of a majority who might or might not take part in implementing change. However, once incentives were imposed from the management, they would probably be assimilated.

The study aims at illuminating teachers' responses to change. It does not attempt to make generalization.

The study reveals that managing teacher balkanization in times of change, school leaders' personal beliefs and their early intervention, are of paramount importance.

Algorithmic trading attempts to reduce trading costs by selecting optimal trade execution and scheduling algorithms. Whilst many common approaches only consider the bid-ask spread when measuring market impact, the authors aim to analyse the detailed limit order book data, which has more informational content.

Using data from the London Stock Exchange's electronic SETS platform, the authors transform limit order book compositions into volume-weighted average price curves and accordingly estimate market impact. The regression coefficients of these curves are estimated, and their intraday patterns are revealed using a nonparametric kernel regression model.

The authors find that market impact is nonlinear, time-varying, and asymmetric. Inferences drawn from marginal probabilities regarding Granger-causality do not show a significant impact of slope coefficients on the opposite side of the limit order book, thus implying that each side of the market is simultaneously rather than sequentially influenced by prevailing market conditions.

Results show that intraday seasonality patterns of liquidity may be exploited through trade scheduling algorithms in an attempt to minimise the trading costs associated with large institutional trades.

The use of the detailed limit order book to reveal intraday patterns in liquidity provision offers better insight into the interactions of market participants. Such valuable information cannot be fully recovered from the traditional transaction data-based approaches.

In line with the government's policy to promote Malaysia as an international hub for Islamic banking and finance, the purpose of this paper is to evaluate the dynamic effects of both Islamic and conventional stock markets on foreign portfolio investments.

First, the paper explores the short and long‐run relationships between (FPI) and three markets, i.e. the goods, money, and securities market. Second, the paper attempts to examine the relative importance of the three markets in accounting for variations in FPI. Consistent with earlier studies, the goods market variable considered is real income (Y). The money market variables tested are the broad money supply (M2), treasury bill rate (TBR) and the US Federal Fund rate (FFR), while the security market is represented by both Kuala Lumpur Shari'ah Index (KLSI) and Kuala Lumpur Composite Index (KLCI).

The findings of the study indicate that among the three markets studied, the securities market in Malaysia (both conventional and Islamic) is the most significant market in attracting FPI into the economy. This implies that to a certain extent, the government's effort in promoting Malaysia as the international hub for the Islamic capital market has been successful.

The paper suggests that further efforts need to be enhanced in promoting Malaysia as the International hub for the Islamic banking and finance. The paper's findings shed some light on the policy ramifications pertaining to attracting foreign investors into the ICM in Malaysia and in moving towards a more globally competitive capital market.