Postauditing capital assets and firm performance: An empirical investigation

The argument presented in this paper is that the adoption of sophisticated postaudit procedures should be associated with improved firm performance. Based on a matched-pair experimental design, utilizing the Wilcoxon matched-pairs signed-ranks test and a newly developed statistic to test for a change point, empirical evidence is provided to support this argument.     

Market reactions to the disclosure of internal control weaknesses and to the characteristics of those weaknesses under section 302 of the Sarbanes Oxley Act of 2002

We examine the stock price reaction to management’s disclosure of internal control weaknesses under §302 of the Sarbanes Oxley Act and to the characteristics of these weaknesses, controlling for other material announcements in the event window. We find that some characteristics of the weaknesses—their severity, management’s conclusion regarding the effectiveness of the controls, their auditability, and the vagueness of the disclosures—are informative. We also find that the information content of internal control weakness disclosures depends on the severity of the internal control weakness. Moreover, in a sub-sample uncontaminated by other announcements in the event window, we find negative price reactions to the disclosure of internal control weaknesses and material weaknesses.

‘Wiped From the Map of the World’? Zanzibar,Critical Geopolitics and Language

This essay uses the case of Zanzibar in its complicated relationship with the United Republic of Tanzania (of which it is a part) as a lens on debates in political geography on empirical and conceptual approaches to critical geopolitics. We test the veracity of a multi-faceted critical geopolitics in the contemporary public contestation of Zanzibar's place in the United Republic from 2008–2012. We analyze Tanzanian media, the speech acts of Tanzanian leaders, and the key events and processes related to what is termed the ‘Zanzibar problem’ during the selected years, to make two points about a critical geopolitics approach: to strengthen critical geopolitics by broadening the analysis of language to engage political acts and languages beyond the Global North; and taking ‘subaltern geopolitics’ more seriously via engagement with critical geopolitical voices on discourses, events and processes from the Global South.     

Commonplaces in Risk Talk: Face Threats and Forms of Interaction

Talk about risk is problematic for interaction; it can involve the speaker or hearer saying things that threaten participants' ‘face’, the ways they want themselves to be seen by others. One way of dealing with these threats to face, and to keep the conversation going, is the use of commonplaces. Commonplaces, generally applicable and generally known arguments, play an important role in interaction, invoking shared, taken‐for‐granted perspectives embedded in familiar roles and everyday practices. They are similar to some of the frames discussed in risk communication, but they focus our attention on rhetoric and interaction rather than cognition. In this paper, I show how commonplaces are used in focus group discussions of public choices involving dangers to life or health. They tend to be used in response to dilemmas, when a speaker is put on the spot, and they tend to lead to other commonplaces. Analysis of commonplaces supports those who argue that studies of public perception of risks and programmes of communication about risks need to be sensitive to the personal interactions, rhetorical strategies, and cultural embeddedness of any risk talk.     

The Postmodern Road to Socialism,After Hayek

The Australian policy of reconciliation between indigenous people and non-indigenous settlers is seen as a precursor to recent American efforts to solve its race relations problems via a policy of racial reconciliation. The empirical context of the problem of racial inequality in Australia is presented and the theoretical context of the Australian reconciliation process is discussed. Described is the concept of white privilege and explained is a context that views American policies on race relations as largely lacking new ideas and viable strategies for remedying racial and ethnic economic inequality. Qualitative findings are discussed based on interviews of Aboriginal and white intellectuals inside and outside Australian universities supporting an optimistic assessment of the likely success of racial reconciliation as a policy instrument in Australia. Less optimism is expressed for the success of that policy in the United States.     

The use of performance information in cutback budgeting

Not having access to mainstream financial services, such as a bank account or a credit card, can lead to a variety of social and economic exclusions. In a number of countries, particularly Ireland, Spain, Canada and the UK, credit unions— member-owned financial co-operatives—play a significant role in reaching under-served and excluded communities, as well as providing ‘safe’ avenues for savings and credit. Yet many credit unions are facing financial and operational problems. This article looks at the experience of Welsh credit unions. The research has implications for policy development and government–credit union relations in Wales and further research on credit unions and financial inclusion.     

Digital Natives and Digital Immigrants

The article looks at the differences between “digital natives” and “digital immigrants.” Digital natives are the new generation of young people born into the digital age, while “digital immigrants” are those who learnt to use computers at some stage during their adult life. Whereas digital natives are assumed to be inherently technology-savvy, digital immigrants are usually assumed to have some difficulty with information technology. The paper suggests that there is a continuum rather than a rigid dichotomy between digital natives and digital immigrants, and this continuum is best conceptualized as digital fluency. Digital fluency is the ability to reformulate knowledge and produce information to express oneself creatively and appropriately in a digital environment. The authors propose a tentative conceptual model of digital fluency that outlines factors that have a direct and indirect impact on digital fluency namely, demographic characteristics, organizational factors, psychological factors, social influence, opportunity, behavioral intention and actual use of digital technologies.     

Classical error pairs and the Bayesian prior

Summary We have attempted to show the way in which Bayesian and classical approaches are both similar and divergent. The vehicle for discussion, primarily, involved considerations of cost consequences, planning horizons and numbers of alternatives. In turn, these variables were related to the statistical problem continuum, with classical and Bayesian approaches at opposite ends of the scale. By relating problem variables to this continuum, the question of which approach is most appropriate in a particular situation can be more readily resolved.