Mental health of UK university business students: Relationship with shame,motivation and self-compassion

There is growing awareness of mental health problems among UK business students, which appears to be exacerbated by students’ attitudes of shame toward mental health. This study recruited 138 UK business students and examined the relationship between mental health and shame, and mental health and potential protective factors such as self-compassion and motivation. A significant correlation between each of the constructs was observed and self-compassion was identified as an explanatory variable for mental health. Shame moderated the relationship between self-compassion and mental health. Integrating self-compassion training into business study programs may help to improve the mental health of this student group.     

世行:中国房地产调控措施并未过度

正中国房地产市场调控措施并未过度,一度过热的房地产市场的趋势已经转变。世界银行中国首席经济学家韩伟森(Ardo Hansson)于四月上旬称,中国房地产市场调控措施并未过度,一度过热的房地产市场的趋势已经转变。韩伟森是在世界银行发布《中国经济季报》后发表简短讲话时做出上述表示的。他还称,3月份通货膨胀率反弹可能是暂时现象。在被问及中国是否应准备部分放     

HARVESTING VALUE FROM ENTREPRENEURIAL SUCCESS

This article discusses ways for entrepreneurs to gain liquidity from their businesses, either with or without a sale of the business. In today's financial arena there is a wide variety of methods and financing vehicles that can enable private companies to harvest liquidity to meet their own needs for growth, the consumption requirements of their founders, or the challenges of tax and estate planning. For companies with limited growth opportunities but fairly stable cash flows, the alternatives range from orderly liquidation to highly leveraged transfers of ownership such as those accomplished by leveraged buyouts, ESOPs, and mezzanine finance. For companies with abundant growth opportunities, value is typically maximized through sale to a strategic buyer or an initial public offering of equity (although a new hybrid called the "private IPO" has recently emerged that looks more like an LBO than an IPO).
In order to achieve its full potential, a company should be financed in such a way that enables it to continue through its natural business lifecycle, regardless of whether that matches the human lifecycle of its founder. So long as leadership succession can be arranged, the business lifecycle can determine the course of the company. Indeed, selling the business is the value-maximizing solution only if there is a strategic buyer willing to pay a premium above the business's stand-alone value, or if the founder wants to withdraw from the business and has no preferred successor.
Moreover, for the vast majority of companies, going public is not the recommended means for "cashing out." An IPO is likely to be a value-maximizing (and emotionally satisfying) experience only for (1) companies with valuable growth prospects that require funding for investment and (2) owner-entrepreneurs who are willing to subject themselves to the scrutiny and fluctuations of the market.     

An Evaluation of the Hong Kong Employees Retraining Programme

The Employees Retraining Programme, launched by the Hong Kong government in 1993, was promoted as the solution to structural unemployment resulting fromrapid structural transformation of the economy. However, our study of the labourmarket performance of a group of trainees who received training in 1994/5 showsno evidence of any positive effect on the earnings or employment rate of trainees one year after the completion of training in relation to various comparison groups. The apparent lack of success can be traced to low target efficiency and distorted incentives that result in over-utilization of retraining resources.     

Industrial product innovation: An international comparison

This paper presents and discusses the data obtained from a study of 500 industrial innovations introduced in major industrialized countries from 1953 to 1973. The trends in industrial innovation of both the country of origin and the country of market introduction are examined based on the data presented.     

Rhetoric versus Reality: The Best and Worst of Aid Agency Practices

Foreign aid critics, supporters, recipients, and donors have produced eloquent rhetoric on the need for better aid practices—has this translated into reality? This paper attempts to monitor the best and worst of aid practices among bilateral, multilateral, and UN agencies. We create aid practice measures based on aid transparency, specialization, selectivity, ineffective aid channels, and overhead costs. We rate donor agencies from best to worst on aid practices. We find that the UK does well among bilateral agencies, the US is below average, and Scandinavian donors do surprisingly poorly. The biggest difference is between the UN agencies, who mostly rank in the bottom half of donors, and everyone else. Average performance of all agencies on transparency, fragmentation, and selectivity is still very poor. The paper also assesses trends in best practices over time—we find modest improvement in transparency and more in moving away from ineffective channels. However, we find no evidence of improvements (and partial evidence of worsening) in specialization, fragmentation, and selectivity, despite escalating rhetoric to the contrary.     

A formal model of theory choice in science

Summary. Since the work of Thomas Kuhn, the role of social factors in the scientific enterprise has been a major concern in the philosophy and history of science. In particular, conformity effects among scientists have been used to question whether science naturally progresses over time. Using neoclassical economic reasoning, this paper develops a formal model of scientific theory choice which incorporates social factors. Our results demonstrate that the influence of social factors on scientific progress is more complex than previously thought. The patterns of theory choice predicted by the model seem consistent with historical episodes of theory change. Received: April 8, 1997; revised version: April 30, 1998     

Globalization and population drivers of rural-urban land-use change in Chihuahua,Mexico

A thorough examination of the causes of land-use change is necessary to effectively deal with the magnitude of changes across the globe. Chihuahua, Mexico is experiencing rapid land-use changes due to processes of globalization. The emergence of Mexico's maquiladora program is an indicator of economic globalization that has had far-reaching social and environmental consequences. This article examines population and income patterns from 1970 to 2000 as part of a hierarchical system and tests whether or not processes of globalization can be detected in the patterns. Findings indicate that population and income concentrate primarily in Juarez, while simultaneously deconcentrating in most other municipios of the State. Moreover, these patterns correlate with patterns of maquiladora concentration. Additional findings identify proximity to the US and established urban centers as drivers of population concentration. These findings support the notion that patterns and processes of globalization are important drivers of population and income concentration at the local level in Chihuahua, Mexico. Finally, the findings support the conceptualization of population land-use and income concentration as part of a hierarchical system.