The role of communication in tolerance education

The idea of tolerance, which has a long historical background, has become a necessity rather than a choice for today’s multicultural, pluralistic and democratic society structures. The idea of tolerance in today’s societies is transferred to individuals of the society through family, school as well as the elements of both society and social structure. The way in which the idea of tolerance is transferred to individuals at all three levels is communication. Communication processes are entering the various forms in the family, in the school system and in the social structure and are developing individuals’ understanding of tolerance. This study focuses on the way how communication works at family, school and society levels as a path in the education process and how the communication process can be utilised effectively in order to develop the democratic community. The role and significance of communication in the process of tolerance education was investigated by the literature review method in the case study pattern as one of the qualitative research methods and the findings were evaluated comparatively.

     

Gender identity inclusion in the workplace: broadening diversity management research and practice through the case of transgender employees in the UK

Based on 14 in-depth interviews, this paper explores the unique workplace experiences of transgender individuals in the UK employment context. The paper identifies gender identity diversity as a key blind spot in HRM and diversity management research and practice. The findings reveal the range of workplace challenges experienced by transgender employees. Major findings are that discriminatory effects are often occupation- and industry-specific; transition is a period where many transgender workers suffer due to lack of proper organisational support; and expertise deficits exist in supporting and accommodating transgender employees' needs. In unpacking these experiences, the paper demonstrates the distinctive dimensions of challenges faced by transgender employees, revealing the need for conceptually expanding how we frame diversity and diversity management. Our findings identify the necessity for an emic approach not only to researching diversity but also to devising organisational diversity strategies. The paper provides recommendations for HRM policy and practice in order to develop a more sophisticated approach to achieving inclusion.     

Group robust stability in matching markets

We introduce the notion of group robust stability which requires robustness against a combined manipulation, first misreporting preferences and then rematching, by any group of students in the school choice type of matching markets. Our first result shows that there is no group robustly stable mechanism even under acyclic priority structures. Next, we define a weak version of group robust stability, called weak group robust stability. Our main theorem, then, proves that there is a weakly group robustly stable mechanism if and only if the priority structure of schools is acyclic, and in that case, it coincides with the student-optimal stable mechanism.     

Implied Risk Aversion Parameter from Option Prices

This paper estimates the representative investor's coefficient of relative risk aversion using option price data. Estimation is carried out using the method of simulated moments. Employing the following assumptions: a) agents have constant proportional risk averse preferences, b) complete markets exist, and c) asset returns are distributed lognormally, an objective function is constructed within the equivalent martingale measure framework. Unlike the case of equity markets, the implied risk aversion parameter from option prices is quite low and stays between zero and one.     

Capacity building challenges in Malawi's local government reform programme

Since the advent of multiparty democracy in June 1994, the Malawi government has embarked on a local government reform programme involving political and administrative decentralisation to promote democratic governance, local development and effective public service delivery. However, the wholesale adoption of the decentralisation process tends to ignore a critical debate on capacity challenges in local government. The main argument is that the success of the reform programme is contingent upon the availability of adequate capacity in local government institutions. Therefore, this article examines the critical contingencies, namely administrative, technical and economic capacity, in the context of local government reform and decentralisation in Malawi. The major conclusion is that capacity problems, including the lack of appropriately trained personnel and a shortage of funds, seriously hamper effective public service delivery. Thus, there is a need for implementing comprehensive capacity building programmes, including training and development, and financial management strategies to attain the desired objectives.     

Leisure book reading and purchasing: an analysis of Turkish consumers

Tracking studies all over the world report a decline in time devoted to reading in all age groups. There is a common stereotype indicating that people prefer other leisure activities to reading books. Low levels of book readership and book purchasing has always been a matter of discussion in Turkey. Accordingly, the aim of this study was to develop a better understanding of Turkish people’s involvement with books. To achieve this aim, a research survey via self‐administered questionnaire to collect data about leisure time reading, book purchasing and related attitudes was prepared. The sample represents 601 people from eight cities. It was found that around 80% of the sample had read at least one book within the last 6 months, and 58% had purchased a book for her‐ or himself. In addition, a Likert scale with 26 items was utilized to understand the attitudes of respondents to book reading, purchasing and book marketing activities. A factor analysis was also used to check the possibility of reducing the number of attitude items on the scale. Four factors emerged as a result of the factor analysis, labelled as ‘high involvement in books’, ‘preference towards more visual products’, ‘economy factor’ and ‘books must be heavily promoted’. Furthermore, ANOVA and t‐tests were performed to analyse whether attitudes change with demographic variables. Contrary to common beliefs about book readership, this study has revealed favourable attitudes towards book reading and purchasing.     

Hedge Fund Performance and Manager Skill

Using data on the monthly returns of hedge funds during the period January 1990 to August 1998, we estimate six‐factor Jensen alphas for individual hedge funds, employing eight different investment styles. We find that about 25% of the hedge funds earn positive excess returns and that the frequency and magnitude of funds' excess returns differ markedly with investment style. Using six‐factor alphas as a measure of performance, we also analyze performance persistence over 1‐year and 2‐year horizons and find evidence of significant persistence among both winners and losers. These findings, together with our finding that hedge funds that pay managers higher incentive fees also have higher excess returns, are consistent with the view that fund manager skill may be a partial explanation for the positive excess returns earned by hedge funds. © 2001 John Wiley & Sons, Inc. Jrl Fut Mark 21:1003–1028, 2001     

Price expectations of sheep and goats by producers and intermediaries in Quetta market,Pakistan

Analysis of producers' and intermediaries' livestock price expectations was used to describe the market in Quetta, the largest livestock market in the highlands of Balochistan Province, Pakistan, and to identify factors that determine price expectations of small ruminants. A total of 4800 expected prices for sheep and goats were collected from producers and market intermediaries at monthly intervals between January 1991 and December 1992. In addition to the expected price of the animal, liveweight, species, sex, breed, body condition (fatness), calendar day and month were recorded, and whether data were collected on a meat or meatless day. Monthly rainfall data were also collected. Models of goat and sheep price expectations were built to compare the similarity of the behaviour of producers and intermediaries. Results indicated that producers and intermediaries expected high prices from November to January and during religious holidays. They expected premiums and discounts related to animals' attributes. Liveweight and seasonality had the strongest effect on prices. Rainfall in the current and previous month was positively related to seller's expected prices suggesting that livestock are retained to take advantage of favourable grazing conditions. The models of price expectations showed that producers adjusted expected goat prices (P ≤ 0.10) for seasonality, liveweight, body condition, age, sex and breed, while they adjusted sheep prices for seasonality and liveweight only. High pay-offs could be expected if extension efforts focused on factors that determine sheep meat quality; however, the retail ceiling price of meat and the lack of grading are a disincentive to work in this direction. Seasonality of supply and demand is important in determining prices and this study provides baseline information for market scheduling; however, scheduling of sales of transhumant pastoralists may be difficult to achieve. Further investigation is justified to understand the gap in marketing knowledge between producers who sell in the villages and those who sell in Quetta.