Understanding Urban Public Space in a Leisure Context

For many people, the city is a landscape of everyday life. In cities, public spaces serve as venues for social interaction, sociability, conviviality, and the enactment of community. Despite their relevance to community life, however, urban spaces remain underexamined in the leisure literature. If researchers seek to understand leisure in the context of everyday experiences, they must also consider the spatial perspective in which leisure activities are pursued. In this research reflection, we argue that urban public spaces and some private spaces are fundamentally leisure settings that warrant greater research attention. We propose to broaden the conceptual understanding of what constitutes urban public space by outlining four categories of urban space based on ownership and accessibility.     

Good governance in protected areas: an evaluation of stakeholders’ perceptions in British Columbia and Ontario Provincial Parks

As government funding is reduced and tourism-based fees are increasingly used to fund protected area operations, two options are often used for management: transfer of tourism services to the private sector or operation of tourism services by a government agency that functions like a corporation. This paper reports stakeholders’ views concerning governance for two prominent, but different, management models for protected areas’ tourism services in Canada. British Columbia Provincial Parks uses profit-making companies to deliver park services; Ontario Provincial Parks uses the parastatal approach, where park staff members provide most services directly. Surveys of five key stakeholder groups (park staff, visitors, contractors working in park, nearby residents and NGOs with an interest in parks) provided higher rankings of perceptions of governance criteria closer to good governance for the Ontario approach, with important differences found between some groups and amongst some criteria in both park systems. This research suggests that the parastatal model is perceived as superior by important stakeholder groups, using the lens of standard governance criteria, compared to the outsourcing model that uses profit-making companies to provide park tourism services. This finding has implications globally where governments seek to shift park funding from government towards tourism fees and charges.     

News and monetary shocks at a high frequency: A simple approach

We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve’s May 22, 2013 taper talk suggesting that it would begin winding down its quantitative easing program. Our findings show that the sharp rise in 10-year Treasury bond yields immediately after the taper talk was largely due to monetary shocks, with positive economic news becoming increasingly important in subsequent months.     

It’s worth a shot: urban density,endogenous vaccination decisions,and dynamics of infectious disease

Journal of Economic Interaction and Coordination - We develop an agent-based model of vaccine decisions across a heterogeneous network model with urban and rural regions. In the model, agents make...     

Retrospective on Twenty Years of the FDIC-JFSR Bank Research Conference

Journal of Financial Services Research - The first annual Bank Research Conference was held at the Federal Deposit Insurance Corporation in 2000. The conference has served to disseminate...     

The joint influence of Sarbanes-Oxley and FAS123R on financial misreporting

Prior research reports that a manager's equity risk-taking incentive (vega) is positively associated with financial misreporting. FAS 123R led to a significant decrease in vega while SOX increased the cost of financial misreporting. Consistent with the original intent of the legislation, we find that SOX contributed to significant decreases in both fraud restatements and AAERs. Importantly, our results suggest that the SOX-induced decreases in fraud restatements and AAERs have endured to more recent years. On the other hand, while we find evidence that equity-incentive-motivated financial misreporting ceased to exist in the immediate years after FAS 123R, we also find that this was only temporary. In particular, we find strong evidence of a significantly positive association between vega and accrual misreporting in more recent years.