Stock market development under globalization: Whither the gains from reforms?

Over the past decades, many countries have implemented significant reforms (including financial liberalization, privatization, and regulatory and supervisory improvements) to foster domestic capital market development. Despite these policies, the performance of capital markets in several countries has been disappointing. To understand the effects of reforms, we study the impact of six capital market reforms on domestic stock market development and internationalization. We find that reforms tend to be followed by increases in domestic market capitalization and trading. But reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects.     

Consumer Protection Law in Cuba

Journal of Consumer Policy - The authors address the origins and evolution of consumer law in Cuba and the influence of European Union consumer law on development in Cuba. The transition from the...     

The Influence of Technology Differences on Corporate Environmental Patents: A Resource‐Based Versus an Institutional View of Green Innovations

This paper proposes that both the resource‐based view and institutional theory predict a positive relationship between the number of patented environmental innovations and non‐environmental innovations held by a firm, because they both are subject to the influence of similar factors. However, while the resource‐based view predicts that technological differences between the patented environmental innovations owned by a firm and those in the industry as a whole will positively affect the firm's environmental innovations, the institutional perspective predicts a negative relationship. Our results derive from a sample of 5537 environmental patents from 59 large companies in the electrical components and equipment industry worldwide, and show a positive relationship between patented environmental and non‐environmental innovations in a firm, but a negative influence on the number of the firm's patented environmental innovations resulting from differences between the firm's environmental technologies and those generally prevalent in the industry. Copyright © 2015 John Wiley & Sons, Ltd and ERP Environment     

Surveying Lifelong Learning in the German National Educational Panel Study

This article outlines the German National Educational Panel Study, which collects comprehensive data on lifelong learning in a multi‐cohort sequence design, covering early childhood, childhood, adolescence, young adulthood and adulthood. It outlines data collection for all the cohorts and educational phases across the life course whilst focusing on the educational stage ‘Adult Education and Lifelong Learning’. Data can be accessed for academic purposes as scientific use files under data contract.     

Information seeking by female apparel consumers in South Africa during the fashion decision‐making process

Fashion information is sought during the fashion decision‐making process and can be obtained from various sources such as magazines, fashion consultants, websites and store displays. Various levels and methods such as internal and external search for information are used to assist the consumer in making informed fashion decisions. The broad research aim of this study was to determine which methods, sources and economics of fashion information are sought and used by female educators in Vanderbijlpark (South Africa) during the fashion decision‐making process, and to which extent. A self‐administered, structured questionnaire was used to collect the data. Section A measured methods of information seeking, section B determined the economics of information search and section C investigated sources of fashion information. Demographic information was investigated in Section D. A random cluster sample of eight schools was chosen from the female educating staff of 22 schools. The biggest group of the educators (40.18%) was between the ages of 41 and 50, which according to a South African categorization represents baby boomers. Almost all (95.5%) had a higher education qualification obtained at a university and most (82.14%) were married. Regarding the methods of information seeking, the respondents depended on internal information seeking more than on external methods and were moderately involved in the process. Shopping in stores was regarded the most important source of fashion information. Cluster analysis revealed that four clusters of respondents could be distinguished, each with a specific disposition towards the methods and economics of search as well as sources used during the fashion decision‐making process.     

Researching Public Sector Change

This article highlights the importance of taking a gendered perspective for the understanding of new public manage-ment and the restructuring of public services. Significant changes havetaken place in the management structure and processes of public sector organizations throughout the decade, with work-forces being redefined and reconstitu-ted. Relatively little research work has examined the gendered implications of such change and the way in which pro-cesses of redefinition are negotiated, accepted or resisted by male and female professionals. A conceptual framework for future research is presented which is informed by three separate research literatures: the feminization thesis, developments in HRM and marketiza-tion and managerialism. The article con-cludes by emphasizing the importance of a more inclusive and gendered view of restructuring agendas. A theoretical framework is proposed that accommo-dates difference and agency in the restructuring process as a way forward in analysing public sector change.     

Proposal of a coefficient to evaluate the management of the internal control

The objective of this article is to propose a management index for the Internal Control of care entities. This was conceived following the multicriteria modeling guidelines in conjunction with the detection of weaknesses through the Petri networks. For this purpose, the order of importance and compliance of the internal control components were determined, and the lack of reliability of the critical processes in the entity subject to the practical implementation was identified. Derived from its humanitarian mission – lending quality health care to the population – it is necessary to decrease the emergence of events that could infringe upon the physical and psychological integrity of the patients in hospitals. One of the strategies to consider to overcome this challenge is the adequate implementation of the Internal Control System, which guarantees the sustainability of the insurers through the increase in the efficiency of the care of the people, feasible only within a care model that quantifies the control over the population already identified and cared for.     

Politicisation of migrant leisure: a public and civil intervention involving organised sports

Using the perspective of governmentality this article aims to contribute to an understanding of the rationalities of specific political interventions, and the techniques used to monitor the leisure activities of particular target groups. This process of politicization is revealed here through a case study of an intervention that provides sporting activities in holiday periods for migrant children and adolescents living in so-called socially disadvantaged areas (DGI Playground). The analysis highlights the rationality that the leisure time of migrant youth is a potentially dangerous time slot and they must be engaged in organized sports; that is not only healthy but also civilizing and character forming leisure time activities. Techniques of monitoring the intervention are developed in a partnership between public institutions, regional umbrella organizations and local sports clubs leading to a need for employment of welfare professionals. Furthermore, the article illustrates that in the discursive construction of subject positions for the target group, migrant youth tend to become clients and recipients of public services rather than potential members of civil sports clubs. These findings are supported by ethnographic interviews with participants that show how youngsters who took part in DGI Playground were able to reflect the official aim of the programme and relate this to their desire to have fun and hang out with their friends. The article ends with a discussion of the further scope of applying critical theoretical perspectives to studies of migrants’ leisure and sports activities.