Inequality Stagnation in Latin America in the Aftermath of the Global Financial Crisis

Between 2003 and 2010, Latin America experienced a solid record of economic growth, coupled with a notable reduction in income inequality. The regional Gini coefficient fell from 0.556 to 0.521 and declined in all 15 out of 17 countries in which frequent data are available. However, previous studies have warned about problems in the sustainability of the decline in income inequality and this study presents evidence of stagnation on this front between 2010 and 2013. The results are robust to various measures of income inequality, but differ across the region. While largely attributable to the recovery from the global financial crisis in Mexico and some countries in Central America, the results are also supported by the demonstrated slowdown in inequality reduction in other countries, including Brazil, Ecuador and Bolivia.     

Explanations for continued gender discrimination in South Korean workplaces

This paper investigates potential explanations for the continued gender discrimination in South Korean workplaces despite decades of gender policy reforms and improved education for women. Making use of both primary and secondary data sources, the institutional theory, the voluntary compliance regulatory enforcement strategy and the typology of regulatory noncompliance provide a framework from which four explanations regarding the origin and nature of Korean firm equal opportunity (EO) compliance issues are derived. Identified through data analysis, explanations include a lack of legal enforcement, a weak punishment system, a tacit acceptance of the status quo by women, organizational cultural issues stemming from the traditional Korean mind-set that allow gender discrimination and a general lack of knowledge about EO regulations by many companies. Reforms and paradigm changes addressing these gender policy compliance issues could yield considerable social benefits in reducing the scope and quantity of gender discrimination in Korean workplaces.     

Comparative effectiveness and student choice for online and face-to-face classwork

The authors examined learning and task choices made by students when the same interactive course design was used online and face-to-face. A survey was administered in an operations management course covering both conceptual and quantitative topics. Course grades were compared and correlations were measured to determine relevant relationships. Results showed that online students performed equally as well as face-to-face students. The most important task choice for face-to-face success was regular class attendance, whereas for online students it was completion of interactive worksheets. Passive textbook reading was neither chosen as often, nor significant to student success. Minimal uncertainty was important to success, with self-discipline, clarity of instructions, and virtual presence of an instructor most important.     

An investigation into the development and progressive adaptation of graduate attributes in tourism programmes

As higher education institutes are embracing the notion of graduate attributes, it has become highly desirable to embed these attributes within programmes. This study proposes to investigate students’ views of recently identified graduate attributes in the Dublin Institute of Technology (Ireland), and how they perceive their development and application in their tourism programme. The study supports the idea of the importance of placement in the progressive adaptation of learning and in translating the conception of attributes. While students strongly believe that graduate attributes are developed through the placement experience, it is equally important to embed and strengthen the visibility of the graduate attributes building blocks throughout the programme.     

Time Discounting and the Overexploitation of Coral Reefs

Environmental and Resource Economics - The incentive to overexploit a fishery resource is thought to exist if the resource owner’s discount rate is sufficiently higher than the biological...     

Strategic groups,asymmetrical mobility barriers and contestability

This paper examines the literature on strategic groups and extends it: first, by clarifying the distinction between two alternate approaches to forming groups, emphasizing that multivariate group analysis can be used to conserve information not only summarize it as bivariate grouping does; second, by focusing attention on the importance of asymmetrical mobility barriers and competitive advantage in the process of industry consolidation and concentration; and third, by linking groups and the concept of contestability in an effort to make some progress towards explaining the evolution of industry structure.     

How do US investors perceive the risk of local political corruption? Evidence from acquisition announcement

This study examines the impact of local political corruption on investors’ evaluation of firms’ mergers and acquisitions (M&As) in the US. Using the number of corruption convictions of government officials reported by the US Department of Justice, we find that acquirers in more corrupt court districts experience lower acquirer announcement returns, lower combined acquirer and target announcement returns, and are less likely to complete acquisitions. We further find that the relation between local political corruption and acquirer announcement returns is worsened when acquirers operate primarily in the headquarters state. Overall, the results suggest that local political corruption has an adverse impact on investors’ evaluation of a firm’s M&A profitability.     

Corporate Social Responsibility Disclosure and the Value of Cash Holdings

This study investigates whether corporate social responsibility (CSR) reports mitigate the value destruction associated with increases in cash holdings. We find that the issuance of a standalone CSR report increases the marginal value of cash holdings and this effect is more pronounced for firms in a less transparent information environment and for firms with weaker external monitoring. Our results suggest that information in CSR reports can facilitate monitoring and thus induce more efficient use of cash holdings.