Communicating across tourism silos for inclusive sustainable partnerships

Abstract

Overcoming traditional tourism silos to develop long-term relationships with stakeholders is essential for transformational change. Adopting broader networks connects researchers to pertinent issues facing society, develops reciprocal capacities for learning, and creates inclusive sustainable partnerships. As critical tourism scholars and not-for-profit employees, we illustrate the journey of how we engaged collaboratively with diverse stakeholders, from businesses, not-for-profits and the university, to tackle issues of economic disadvantage and social exclusion. Critical hospitality and dialogue theory were adopted to provide a framework for the processes of collaboration, research, networking, and advocacy work for inclusive sustainable spaces. Drawing on our involvement with co-founding a collaborative research network, the Network for Community Hospitality, and analysis of data from two Ketso workshops and interviews with 41 network members, we present reflections on setting up and facilitating the network. In addition, two examples of collaborative Network activities are presented to illustrate the techniques and dialogic communication processes for doing critical hospitality. The article thereby contributes by providing empirically informed and reflexive understandings into the experiences of working and communicating within long-term inclusive partnerships with diverse stakeholders to create traction for positive social sustainable change.     

Principles versus principal: Reconciling norm compliance and shareholder value

This paper considers situations where an agent (say, a polluting firm's CEO) must allocate his nonobservable effort across two distinct tasks (say, revenue/market share enhancement and environmental stewardship), and where two principals (say, the firm's shareholders and an external stakeholder) hold diverging viewpoints on what the best allocation should be. Both characteristics of this context—multitasking and conflicting principals—are normally seen as obstacles to strengthening the agent's incentives. This paper proposes a simple arrangement, based on contingent monitoring and clawbacks, that can overcome these obstacles. Under this arrangement, the principals would end up coordinating their respective incentive schemes so that the agent considers his two tasks as complementary utility‐increasing activities. Applications to regulatory compliance, corporate social responsibility, and innovation management are briefly sketched.     

The impact of work‐life programs on firm productivity

This research examined the adoption of work‐life programs and the impact of work‐life programs on firm productivity. Human resource executives in a national sample of 658 organizations provided survey data on firm characteristics and work‐life programs. In these 658 organizations, the percentage of professionals and the percentage of women employed were positively related to the development of more extensive work‐life programs. Productivity data were obtained from CD Disclosure for 195 public, for‐profit firms. Significant interaction effects indicated that in these 195 firms work‐life programs had a stronger positive impact on productivity when women comprised a larger percentage of the workforce and when a higher percentage of professionals were employed. Copyright © 2000 John Wiley & Sons, Ltd.     

7. The pollution sub-system

In dealing with the assumptions and behaviour of the World 3 pollution sub-system, what is “physically measurable” is described and assessed. Thus there is a contrast between this and much of the actual discussion of disamenities in The Limits to Growth. What are avoided in this sub-system are the difficulties that are encountered in the modelling of social conditions and responses.     

Transforming South Africa's cities: Prospects for the economic development of urban townships

This article identifies and evaluates the range of strategies being used to generate economic activity close to and within townships, focusing on the three metropolitan areas of Gauteng, the Durban Functional Region and metropolitan Cape Town. After placing townships in the context of the larger city and the overall strategy of local economic development, the article examines the various types of strategies that have been proposed to stimulate and support economic activity: the currently dominant spatial strategies, the provision of services infrastructure, the development of economic infrastructure, small business support services, and public works.     

The importance of gender for participation in and attitudes to trade unionism

This article attempts to establish the main determinants of an employee's involvement in trade unionism, and to explain the male/female differential in union participation. Women, especially parttime workers, are less likely to participate in union meetings than men, which seems largely attributable to women's lower favourability to trade unions, although women are as likely as men to believe in the principles of trade unionism.     

An Analysis of the Distribution of Extreme Share Returns in the UK from 1975 to 2000

This paper seeks to characterise the distribution of extreme returns for a UK share index over the years 1975 to 2000. In particular, the suitability of the following distributions is investigated: Gumbel, Frechet, Weibull, Generalised Extreme Value, Generalised Pareto, Log‐Normal and Generalised Logistic. Daily returns for the FT All Share index were obtained from Datastream, and the maxima and minima of these daily returns over a variety of selection intervals were calculated. Plots of summary statistics for the weekly maxima and minima on statistical distribution maps suggested that the best fitting distribution would be either the Generalised Extreme Value or the Generalised Logistic. The results from fitting each of these two distributions to extremes of a series of UK share returns support the conclusion that the Generalised Logistic distribution best fits the UK data for extremes over the period of the study. The Generalised Logistic distribution has fatter tails than either the log‐normal or the Generalised Extreme Value distribution, hence this finding is of importance to investors who are concerned with assessing the risk of a portfolio.     

Multifactor Asset Pricing Models

Since the early 1960s, the mean-variance Capital Asset Pricing Model (CAPM) has been a dominant paradigm in modern finance. Recently, the accumulation of anomalous evidence, and a realisation that empirical tests of the model are tautologically related to the efficiency of the market index, have pushed that paradigm to a point of crisis. This paper reviews alternative asset pricing models which coexisted with the CAPM and may provide plausible substitutes. The major distinguishing feature of these models is that they predict multiple risk factors and, with the exception of the Arbitrage Pricing Theory (APT), are extensions of the CAPM.