Auditor Face‐Work at the Annual General Meeting

This paper examines how auditors prepare for the annual general meeting (AGM) and how they report their work to the shareholders there. Prior literature has suggested—but not explicitly studied—that the endpoint of an audit is a state of comfort between the auditor and the management and audit committee members, but also is potentially fragile. The fragility can arise from a failure to relay trust to the investor community, which may initiate or increase doubts about the financial report and/or the auditor's independence. We build the case that an AGM is an event to study how the endpoint of an audit engagement is both a state of collective comfort and a fragile state. The analysis is based on ten interviews and three workshops with auditors as well as observations at 67 AGMs. To analyze the field material, the paper draws on Goffman's idea of face‐work, which requires backstage preparations, notably with management, and a front stage performance as an independent auditor to relay trust to the shareholders. The paper details how auditors at the AGM perform as independent verifiers of the management's financial report. Although we recorded that auditors were typically successful in preventing the backstage activities from becoming visible to the shareholders, we found incidents that challenged both the auditors' and the managements' face. In analyzing these incidents, we found that auditors reinforced their image as independent to regain both their own face and the management's face. The management did not take a similar collective responsibility for the auditor's face, which implies that auditors were asymmetrically committed to the management. As a take‐away, the paper discusses how governance mechanisms backstage are linked and can surface front stage at the AGM.     

Living in a foreign country: the meaning of place of origin and gender for risk perceptions,experiences, and behaviors

Abstract

Previous research has convincingly proven that perceptions, experience, and exposure to risks vary among certain groups in society. By drawing from a unique combination of Swedish survey data and interviews, this study aims to investigate perceptions and experiences of risks as well as in relation to behavior by analyzing the cleavages related to interactions between place of origin and gender. Theoretically, we see individual risk perception as part of situated hierarchical power relations where an individual’s position (which is an intersection of, for example, gender, race, age, and place of origin) structures action and thought. Findings verify that foreign-born men and women perceive risks to a greater extent than those born in Sweden. However, no direct pattern of ethnicity is apparent in exposure to risks, but since predictors measuring experience of discrimination are shown to be significant, the effect can be mediated by such circumstances. In terms of how risks have affected behavior, women, irrespective of their ethnicity, are affected. Exposure to tragic experiences among those who are foreign born can pose risks that are perceived to a greater extent. Furthermore, more vulnerable material conditions can also affect how risks are perceived, and uncertainty due to a lack of resources and as an inherent ingredient of living in a foreign country seem to enhance perceptions of risk and feelings of unsafety. Last, the sense of discrimination appears to influence exposure to certain risks, which might capture an interaction between racism and violence.     

Who Is the Student Entrepreneur? Understanding the Emergent Adult through the Pedagogy and Andragogy Interplay

Although entrepreneurship education is promoted through an active learning approach, critical concerns regarding how to educate potential entrepreneurs has increased. To remedy this, we pose the question: “Who is the student entrepreneur?” Building on conceptual work from developmental psychology, expertise research, pedagogy, and andragogy, we problematize based on the key characteristics of the emerging adult; a construct originating from developmental psychology. We illustrate an educational process moving from a pedagogical phase into an andragogical phase where the learner becomes in control of the learning process. As a result, we propose a continuum model of entrepreneurship education for emerging adults.     

Externalities in a life cycle model with endogenous survival

We study socially vs individually optimal life cycle allocations of consumption and health, when individual health care curbs own mortality but also has a spillover effect on other persons’ survival. Such spillovers arise, for instance, when health care activity at aggregate level triggers improvements in treatment through learning-by-doing (positive externality) or a deterioration in the quality of care through congestion (negative externality). We combine an age-structured optimal control model at population level with a conventional life cycle model to derive the social and private value of life. We then examine how individual incentives deviate from social incentives and how they can be aligned by way of a transfer scheme. The age-patterns of socially and individually optimal health expenditures and the transfer rate are derived. Numerical analysis illustrates the working of our model.     

Centre‐based and expedition‐based (wilderness) adventure experiential learning regarding personal effectiveness: an explorative enquiry

The purpose of this study is to compare a centre‐based adventure programme (CBAP) with an expedition‐based wilderness programme (EBWP) with regard to personal effectiveness. In comparing these two programmes, this study made use of a crossover research design with data collection according to DE Vos. Participants were 28 third‐year students (14 men and 14 women), aged 20 to 23 ( x = 21.6 ± 0.7) from the Northwest University (Potchefstroom Campus) in South Africa. Both interviews and questionnaires (n = 28) were used to gather comprehensive data. Results indicated medium‐(d = 0.5) to‐practically significant (d ≥ 0.8) changes in most of the ROPELOC (Review of Personal Effectiveness and Locus of Control) variables. Each programme offered unique benefits. The EBWP resulted mainly in improvements in terms of the personal aspects of the ROPELOC, whereas the CBAP mainly delivered in terms of its social aspects. Even though both programmes seem to be beneficial for the facilitation of personal effectiveness, each programme should be selected according to the envisaged outcomes and intervention criteria. For the improvement of personal effectiveness, the EBWP seems to be of relatively more value – mainly on account of the impact of the wilderness environment. This translates into unique experiences of solitude, privacy and freedom of choice, spiritual upliftment, and restoration.     

No significant service gap between west Germany and the USA

Conclusions The analyses show that a significant “services gap” does not exist between west Germany and the USA. Such a gap is not even evident in the area of low-skill service activities, such as in catering, once the marginal employment relations — the importance of which is understated by the official statistics — are included. This finding invalidates the empirical basis for economic policy proposals for an expansion of employment in service branches as a way out of the employment crisis. It is evident that a solution to Germany's current employment problems can only be found in a strategy that increases the scope for employment at the macro-economic level, i.e. irrespective of sectoral developments and whatever the implications of this for the distribution of the various types of activity. Having said this, the heavy bias in the output structure of the German economy in favour of industrial output suggests that an additional employment potential does exist in services, especially personal services.     

A note on tariffication strategy cases in telecommunications

The tariff policy of a telecommunication operator has a strategic importance on achieving optimal revenues and a fundamental impact on its position in the competition with other operators on the liberalised telecommunication market. The payment for a connection through a telecommunication network may be determined by a rate for one call unit, by the duration of the call unit and their count during a call. An operator derives the rate and the duration of the call unit from a detailed analysis of large databases that contain statistical data on counts and duration of particular calls depending on the type of call. Usually only the operator knows these data files and keeps them confidential. In this note we show how it is possible to estimate revenues from telecommunication traffic only knowing a set of basic parameters.