Bank regulation under nonbinding capital guidelines

A one-period model of bank equity is presented in which the end of the period can be interpreted as the next regulatory examination. A capital guideline is in place that may or may not be met as the values of the bank's assets and liabilities fluctuate during the period. If the guideline is not met at the time of examination, however, equityholders bear some cost. The bank's risk-taking incentives between examinations are studied. The model suggests that higher capital guidelines may cause riskier bank behavior at some points in time, but do not imply a trend toward a riskier banking system.     

The index of decent subsistence

The index of decent subsistence (IDS) is a price index that allows for purchasing substitutions when food prices change. The consumer's food basket is represented by a utility maximizing quadratic program that computes the cost of decent subsistence (CDS) and assures gastronomic equivalence among the food baskets optimized at various price levels. This IDS is the ratio of respective CDS measures. IDS estimates from USDA food group data are presented for the 1965–1975 and 1978–1989 time periods. These estimates are shown to be inconsistent with fixed weight price indexes computed for the same periods. Implications for the food stamp program and institution feeding systems are discussed.     

Evaluating policy changes on council waste generation and diversion: Evidence from South Australia

Australia, like most countries worldwide, faces increasing issues with burgeoning waste generation and its appropriate disposal. Hence, effective policies and programmes are needed to change household waste generation and recycling behaviour, thereby reducing waste into landfill. To date, however, there has been little academic research on the potential effects of various policies on waste generation. We employ a rare data set and the fixed-effects linear regression model with autoregressive disturbances to investigate how a variety of public policies (namely education campaigns, roll-out of food diversion systems and provision of food caddies) influence monthly waste generation and diversion in Adelaide, South Australia, from 2006 to 2020. The results show that the introduction of food waste caddies and diversion systems was associated with increased diversion rates, saving local councils the gross equivalent of AUD$4.67 million in reduced solid waste landfill levies. However, education campaigns regarding food waste and recycling alone were found to have no significant association with reduced waste or increased recycling.     

Stakeholder communication in service implementation networks: expanding relationship management theory to the nonprofit sector through organizational network analysis

• Nonprofits increasingly participate in government-funded service implementation networks (SINs). However, extant research does not explore how organizations might strategically tailor communication to different stakeholder groups or use different communication tools for management. Stakeholders are not a monolithic group, and communicating with stakeholders within SINs is hypothesized to involve different forms of communication than communicating with stakeholders outside of the network. In this paper, relationship management theory is used to examine strategic communication with stakeholder groups within and outside of SINs. Both traditional and emergent (e.g., social media) forms of communication are examined. Survey and interview data on communication within and outside communication networks are analyzed using organizational network analysis techniques. The findings indicate strategic communication in the network differs from strategic communication with stakeholders outside the network. Within the network, organizations place varying emphasis on the use of traditional and emergent forms of communication for management, implying nonprofit managers funded under government grants continue to rely on face-to-face and phone communication and have yet to adopt emerging communication strategies to assist in the management of their programs with their partner organizations.

Copyright © 2014 John Wiley & Sons, Ltd.     

Foreign direct investment in China: Policy,recent trend and impact 1

One of the most important elements of China's economic reform has been the promotion of foreign direct investment (FDI) inflow. Government polices on FDI have gone through different stages in their main objectives since the late‐1970s, from gradually opening to foreign investors, to actively encouraging inward investment, directing FDI in accordance with domestic industrial restructuring, and complying with China's World Trade Organization (WTO) obligations. FDI in China has experienced rapid growth especially since the mid‐1990s, as well as structural change. Most of the earlier investments were small scale, labor‐intensive and export‐oriented. In recent years, more investment has been large scale and more capital and technology intensive, aiming at both domestic and export markets. Moreover, increasingly more investment has come from the industrial world, and has located along the eastern coastal regions, in additional to the two southeastern provinces. FDI has played a crucial role in China's rapid growth, economic transition, and, mostly importantly, integration with the world. China's recent accession to the WTO provides more incentives to foreign investors. At the same time, it will also result in more intense competition for domestic firms.     

Employee Mental Illness: Managing the Hidden Epidemic

While the high prevalence of mental illness in workplaces is more readily documented in the literature than it was ten or so years ago, it continues to remain largely within the medical and health sciences fields. This may account for the lack of information about mental illness in workplaces (Dewa et al. Healthcare Papers 5:12–25, 2004) by operational managers and human resource departments even though such illnesses effect on average 17 % to 20 % of employees in any 12-month period (MHCC 2012; SAMHSA 2010; ABS 2007). As symptoms of mental illness have the capacity to impact negatively on employee work performance and/or attendance, the ramifications on employee performance management systems can be significant, particularly when employees choose to deliberately conceal their illness, such that any work concerns appear to derive from issues other than illness (Dewa et al. Healthcare Papers 5:12–25, 2004; De Lorenzo 2003). When employee non-disclosure of a mental illness impacts negatively in the workplace, it presents a very challenging issue in relation to performance management for both operational managers and human resource staff. Without documented medical evidence to show that impaired work performance and/or attendance is attributable to a mental illness, the issue of performance management arises. Currently, when there is no documented medical illness, performance management policies are often brought into place to improve employee performance and/or attendance by establishing achievable employee targets. Yet, given that in any twelve-month period at least a fifth of the workforce sustains a mental illness (MHCC 2012; SAMHSA 2010; ABS 2007), and that non-disclosure is significant (Barney et al. BMC Public Health 9:1–11, 2009; Munir et al. Social Science & Medicine 60:1397–1407, 2005) such targets may be unachievable for employees with a hidden mental illness. It is for these reasons that this paper reviews the incidence of mental illness in western economies, its costs, and the reasons why it is often concealed and proposes the adoption of what are termed ‘Buffer Stage’ policies as an added tool that organisations may wish to utilise in the management of hidden medical illnesses such as mental illness.     

Tourism and the smartphone app: capabilities,emerging practice and scope in the travel domain

Based on its advanced computing capabilities and ubiquity, the smartphone has rapidly been adopted as a tourism travel tool. With a growing number of users and a wide variety of applications emerging, the smartphone is fundamentally altering our current use and understanding of the transport network and tourism travel. Based on a review of smartphone apps, this article evaluates the current functionalities used in the domestic tourism travel domain and highlights where the next major developments lie. Then, at a more conceptual level, the article analyses how the smartphone mediates tourism travel and the role it might play in more collaborative and dynamic travel decisions to facilitate sustainable travel. Some emerging research challenges are discussed.     

Temporary Help Work: Earnings,Wages, and Multiple Job Holding*

Temporary help services (THS) employment has been growing in size, particularly among disadvantaged workers. An extended policy debate focuses on the low earnings, limited benefits, and insecurity that such jobs appear to provide. We investigate the earnings and wage differentials observed between THS and other jobs in a sample of disadvantaged workers. We find lower quarterly earnings at THS jobs but a $1 per hour wage premium. We reconcile these findings in terms of the shorter duration and lower hours worked at THS jobs. We interpret the premium as a compensating wage differential.     

Export performance of small firms from small countries: The case of New Zealand

Drawing on traditional models of multinational expansion and organisational learning, Brouthers et al. (J Int Mark 17:21–38, 2009) prescribe that in some circumstances, small firms exporting from small countries should concentrate their exports into a single overseas market. These particular circumstances pertain to small Greek and Caribbean exporters in mature low-technology industries. This research extends this 2009 study to the same size group of small firms in another small country, New Zealand. Model estimation involved multiple regression methods on survey data from 249 small New Zealand exporters. Contrasting with Brouthers et al.’s advice, this study finds that small New Zealand exporters should not concentrate their exports into one or a few overseas markets. Success for these small firms stemmed from higher rates of R&D expenditure and multi-market exporting through company-owned channels in distant markets. These differences reflect the different environments and sample characteristics between the two studies. The paper contextualises further the evidence base on the strategies that small firm owner-managers should pursue and policy makers should promote.     

Do we do the past differently now? An interview with David Lowenthal

The purpose of the interview was to talk to David Lowenthal about the imminent release of his updated version of The Past Is a Foreign Country, a seminal work on history, memory and nostalgia which profoundly influenced debates on heritage culture following its initial publication in 1985. David served in the US Army during World War Two and during his long and distinguished career as a cultural geographer taught at Vassar College and the University of the West Indies. He is now emeritus professor of geography at University College London. His books include West Indian Societies (1972), Landscape Meanings and Values (with Edmund Penning-Rowsell, 1986), The Politics of the Past (with Peter Gathercole, 1989) and The Heritage Crusade and the Spoils of History (1997). The interview took place in London on 24 September 2012.