Hi-tech start-ups: legitimacy challenges and funding dynamics

Studies on the legitimacy challenges faced by hi-tech start-ups are still scarce, leaving room for research, and policymaking debate. Legitimacy issues may become difficult to face for hi-tech firms in comparison with other start-ups, because they work in an extreme environment where the technological challenges are at the edge of the scientific possibility. The paper proposes a conceptual model to grasp the relevance of three legitimacy drivers of the hi-tech start-ups for investment decisions. We investigated the ability of 30 hi-tech start-up firms to obtain financial resources from the US investors, employing a set-theoretic approach and carried out fuzzy-set Qualitative Comparative Analysis. Our findings clarify that the funding decisions of US investors are driven by the location of headquarter and R&D of hi-tech start-ups and by the educational experience of the founders. Our study has significant theoretical, practical, and policymaking implications.     

Initial public offerings in the gaming industry: an empirical study

The fastest growing segment of the hospitality industry is gaming-related business. This industry has experienced record numbers of companies going public, and their stocks are considered favorable long-term investments. Research in the initial public offering (IPO) area suggests that investors acquiring stock at the initial offering price earn large returns. The purpose of this study was to determine if large returns are being experienced for IPOs in the gaming segment of the hospitality industry, and if these large returns were limited to investors who purchased the stock at the initial offer price. There were 14 gaming-related companies selected for the study. The conclusions supported research reporting that the highest returns from IPO investments are made when the stock is purchased at the initial offer price. This study concludes that returns based on the initial offer price were greater than the casino index and the IPO index. When the investor purchased the stock at the first day's closing price, however, returns compared to the two indices were surpassed only after holding the stock for 8 weeks.     

Progress: Poverty or Prosperity?

A bstract . Henry George and Alfred Marshall agreed that prosperity —growth in national income —was necessary but not sufficient to eliminate the poverty both believed impeded the mental and moral development of mankind. This inherent optimism in the potential benefits of economic growth was , however, their only common ground. George asserted that as long as land was privately owned, prosperity would increase poverty; and called for the fiscal remedy of a "single tax" to appropriate land rent. Marshall argued that increased poverty was only a temporary concomitant of growth caused by a population that was too big in numbers but too Low in skills; and advocated "taming" competition by education, charity, thrift , and breeding restraint. This study constructs a joined debate on progress and poverty by aligning the arguments of these two influential authors whose different personalities and personal histories precluded any true communication during their lifetimes.     

What drives technology transitions? An integration of different approaches within transition studies

This paper aims to provide a deeper understanding of transition drivers by reviewing four major strands of inquiry in transition studies: Multi Level Perspective (MLP); Strategic Niche Management (SNM); Transition Management (TM); Technological Innovation Systems (TIS). To the best of our knowledge, none of these contributions have so far provided a clear-cut classification of main drivers of transitions, as evidenced by the difficulty of practitioners in reaching goals as entrepreneurs, or policy makers in supporting economic growth. We believe that these theoretical streams share views relating the origin and drivers of transitions and that the analysis of the multi-level developments and systemic sub-processes by using the Integrative Propositional Analysis (IPA) allows for a more comprehensive identification of transition drivers. By mapping causal relationships within each perspective and by developing an integrative framework that takes in due account of overlaps between theories, we derived a new conceptual structure for the identification of transitions’ drivers.     

Green moms: the social construction of a green mothering identity via environmental advertising appeals

This study explores emerging green motherhood discourse as framed by green advertising in pregnancy magazines. It takes an interdisciplinary perspective, drawing on reflexive modernization, feminist studies and critical discourse analysis and reveals how advertising represents a double bind for mothers. Textual analysis of a sample of green ads in FitPregnancy indicates ads present expectant mothers with solutions for resolving the challenges of parenting in an age of widespread environmental threat, while simultaneously reinforcing those same lifestyle choices that are thought to exacerbate the environmental crisis. This green mothering discourse appears to empower mothers and offer solutions to the risks of pregnancy, while in reality relegating the mother to the sidelines, rendering her nearly invisible while the child is promoted as the primary subject and brands as sources of expert knowledge. These results speak to the broader ways in which seemingly neutral texts work to frame and reinforce certain ideologies.     

A Different Perspective on the Evolution of UK Income Inequality

This paper scrutinizes the conventional wisdom about trends in UK income inequality and also places contemporary inequality in a much longer historical perspective. We combine household survey and income tax data to provide better coverage of all income ranges from the bottom to the very top (and make our estimates available to other researchers). We make a case for studying distributions of income between tax units (i.e. not assuming the full income sharing that goes with the use of the household as the unit of analysis) for reasons of principle as well as data harmonization. We present evidence that income inequality in the UK is as least as high today as it was just before the start of World War 2.     

Worker responses to HR practice in adult social care in England

In this article, we consider care worker (CW) responses to enacted HR practices and CW attitudes in adult social care (ASC) in England. Our findings derive from a project that examined HR practices and comprised interviews with 18 managers and 58 CWs. We argue that both HR practice and employee attitudes are more robust than other research in this sector has suggested. Our contributions are threefold: first, we present the under‐reported CW perspective. Second, we contribute to understanding of HR practice in low‐wage sectors, research in ASC being limited despite increasing elsewhere in low‐wage sectors. Finally, we question the likely effectiveness of regulation in achieving its aims of enhancing labour supply and ensuring high quality care delivery.     

In search of employment: online technologies and Polish migrants

This paper seeks to advance our understanding of recruitment strategies focusing on a hitherto undeveloped research area, which scrutinises the relationship between social media and recruitment strategies in the context of facilitating international migration. The case study used to explore this activity is migrant workers from Poland seeking and engaging in employment in the UK hospitality sector. Using empirical findings, the paper outlines the role of the Internet fora as a transnational platform for job searching and job advertising, emphasising migrants' role as recruitment agents.     

Participation in environmental spatial planning: Structuring-scenario to manage knowledge in action

Participatory planning experiences highlight the crucial role of cognitions produced, shared and used throughout participatory processes. The construction of spatial plans is more and more intended as a socio/political activity producing highly cognitive visions able to guide collective action and make a common good of it.In accordance with the view that a relevant portion of such knowledge is revealed only through action, the paper proposes the idea of structuring-scenarios as open entities able to structure action and, consequently, to bridge participatory knowledge to the impetuous practice of action.The paper first presents and discusses the role of structuring-scenarios in the work carried out while developing an environmental plan for the delta area of the Po River in Italy. Then it reflects on the main features of content and structure of such scenarios. Finally, the paper analyses the ‘structuring properties’ of these scenarios and their role in structuring action.     

The Welfare State, Budgetary Pressure and Labour Market Shifts

Public debate about the welfare state in OECD countries has emphasized the need for reform to meet a twofold set of shocks: budgetary pressure and a labour market shift against unskilled workers. The aim of the paper is to set out a framework for examining the implications of these shocks for the optimal scale of social transfers and, in particular, the impact on different societies, distinguishing a restricted welfare state, labelled "the United States" and a more extensive welfare state, labelled "Continental Europe".