Work absence in industrialised societies: the Australian case

In this paper, Bob Crawford and Sam Volard present an analysis of the causes for temporary non-approved work absence in which they isolate the extent of the ‘sickie’ in Australian industry. They suggest areas in which management can properly institute programmes which are likely to reduce the incidence of this largely avoidable and costly organisational problem.     

Private Equity: Accomplishments and Challenges

The authors provide an overview of the main accomplishments of private equity since the emergence of leveraged buyouts in the 1980s, and of the challenges now facing the industry—challenges that have been encountered before during three major growth waves and two full boom‐and‐bust cycles. In so doing, the authors review a large and growing body of academic studies responding to questions like these:

• (1) How have PE buyout companies performed relative to their public counterparts? And to the extent there have been improvements in operating performance and productivity gains, how have such gains been achieved? What role have PE firms played in this process?
• (2) Especially in light of the large fees and profit shares paid to the PE firms, or GPs, and the significant “control” premiums over market paid to the selling companies, how have the returns to the LPs that provide the bulk of the funding for PE funds compared to the returns earned by the shareholders of comparable public companies?
• (3) Apart from the high fees earned by its GPs, why is PE so controversial? Beyond their effects on productivity and benefits for investors, what are the employment and other social effects of buyouts and PE?
• (4) What are the prospects for future PE returns to their LPs, especially in light of the volume of capital commitments and high purchase multiples that were being paid, at least until the onset of the COVID pandemic? And what role, if any, should PE activity be expected to play in the recovery from the pandemic?

     

Sustainability and integration – the principal challenges to tourism and tourism research

ABSTRACT

What are the biggest challenges facing tourism and tourism research? This paper answers this question by canvasing the opinions of recognized experts in the field. The analysis is based on 30 interviews with fellows of the International Academy for the Study of Tourism. Two key thematic issues were identified. First, the pragmatic issue of how to operationalize sustainability and its various sub-elements, such as climate change, overtourism, and tourisation to ensure the long-term future of tourism. Second, the need for further integration between disciplines within the tourism field, between tourism and other fields, and between research and practice.     

Rationalising Inappropriate Behaviour at Contested Sites

This paper examines how tourists justify inappropriate behaviour at contested cultural heritage sites through an analysis of weblogs of people who climbed Uluru, Australia. The climb is increasingly seen as being inappropriate, culturally insensitive and socially unacceptable. Yet it remains open and up to 150,000 people participate each year. Park managers and traditional owners are trying to demarket it with the hope that falling consumer demand will ultimately result in its closure. The study revealed three types of climbers: those who reject the Aboriginality of the place; those with different value sets who see nothing inherently wrong with their actions; and a large group who is aware that its actions may be inappropriate and who, therefore, need to invoke some sort of neutralisation technique to rationalise their decision. This latter group is more likely to respond to behaviour modification messages and should be the main target of future demarketing activities.     

Attitudes of Tourism Students to the Environment and Climate Change

This paper reports on a global study of the attitudes of students studying in senior year and first-year postgraduate tourism and hospitality subjects to tourism and its relationship with the environment and climate change. The study determined that students are generally concerned about environmental degradation, feel knowledgeable about climate change, are concerned that it will become an even larger issue in the next 5 years and, generally, appreciate that tourism is a major contributor to carbon emissions. Moreover, some 70% had changed their behavior in the past 3 years to reduce their environmental impacts. However, specificity of knowledge about the causes of climate change was limited, which is symptomatic of a broader lack of detailed knowledge about environmental degradation, which in turn translates into rather generic behavior changes. Most significantly, less than 13% of students have changed their vacation patterns out of concern for the environment, with only a small minority intending to modify their travel patterns in the future.     

Capital building through gym work

This research employed Pierre Bourdieu’s model of capital accumulation to frame the benefits conferred by gym use. Thirteen participants from four gyms in Melbourne, Australia, were purposefully selected for in-depth interviews, where detailed case histories were solicited, and data were analysed using a narrative coding model. Results indicated that the two most highly valued forms of capital were bodily capital and psychological capital. All 13 participants cited gym work as the means by which they built a better looking and better functioning body. They also advised that gym work had strengthened their self-esteem and psychological resilience, which, in turn, enabled them to present themselves more confidently in their various social roles outside the gym. In contrast, these 13 gym users accrued low levels of cultural and symbolic capital through their activities, and contrary to previous studies, also secured little social capital from gym work.