Bias in the tone of forward‐looking narratives

We extend the prior literature on biased disclosure decisions by examining whether, when and how managers bias the tone of forward‐looking narratives. In order to measure tone we employ techniques of manual content analysis and we aggregate positive, neutral and negative statements into an overall measure of tone.We then analyse the frequency of positive and negative statements for firms with large impending year‐on‐year changes in sales and operating profit margin, and we regress tone cross‐sectionally on four managerial incentive variables that are unrelated to the private signal about future trading, namely loss status, sign of earnings change, business risk, and the existence of an analyst earnings forecast. We find that firms with large impending performance declines bias the tone in the outlook section upwards. Also, we find that loss firms, risky firms and firms with an analyst earnings forecast provide a more positive tone, while firms with an earnings decline provide a more negative tone. Finally, we observe that for a majority of our managerial incentive variables the main vehicle of biasing the tone is to change the number of negative statements, not the number of positive statements. Overall, our findings are difficult to reconcile with predictions from signalling models, but they are consistent with the alternative view of impression management. Our results have policy implications. In particular, they suggest that there is a need to reconsider the current largely unregulated nature of forward‐looking narratives.     

Finance Capital,Food Security Narratives and Australian Agricultural Land

The growing involvement of financial actors in food production has been one of the major recent transformations in the global agri‐food system. This ‘financialization’ of the agri‐food sector has been observed at various levels, from commodity speculation to direct investment in agricultural production, along with farmland itself. While there has been concerted effort to track new landownership and control associated with financial actors, especially in the Global South, there has been less impetus to examine the motives of financial actors' engagement in food production and the narratives upon which such engagement is based. This paper examines the way in which a productivist food (in)security discourse is employed by financial actors to legitimate their actions and to position themselves to win public approval. We analyse two cases of agri‐finance investors in the Australian context engaged in the discourse of food (in)security in relation to their agricultural investments – the Macquarie Group and Hassad Australia.     

Financial fraud,scandals, and regulation: A conceptual framework and literature review

Abstract

This perspectives article surveys publications in business history and constructs a conceptual framework for researching fraud and other dubious financial practices, their determinants and their consequences. The prevalence and nature of the practices studied are mainly determined by individual traits, firm governance and control, the economic environment, and regulation. Contemporaries make sense of dubious practices by constructing narratives, possibly framing them as scandals, which are likely to lead to attempts at regulatory change. It is primarily the socio-economic impact of dubious practices that determines whether regulation becomes fundamentally stricter. Existing agendas for reform strongly influence the substance of regulatory responses.     

Extraordinary body-self narratives: sport and physical activity in the lives of transgender people

Physical activity and sports can be regarded as particularly challenging social practices for transgender people, regarding the centrality of the body, gendered structures like changing rooms and competitions, and normative gender ideologies. In the emerging body of literature on transgender people and sport, the main focus has been on mainstream, competitive sports as non-inclusive. In this article, I present body-self narratives in physical activity and sports (PA/S) during different stages of their gender transition, based on interviews with 12 transgender people in the Netherlands. The results confirm that mainstream sports and physical activity spaces like swimming pools are often experienced as relatively unsafe by transgender people, both pre- and post-transition and especially during the ‘liminal’ transition phase. However, apart from places of shame for or control of the ‘wrong’ body-object and places of felt/enacted stigma, the body-self narratives also indicated that PA/S had been important enabling and empowering activities at different times in the lives of transgender people. For example, regarding gender (dis)identification or as coping strategy in de pre-transition phase and for ultimately gaining body-subject awareness, gender recognition and pride of the ‘right’ body-self.     

Creating tourist experiences by interpreting places using digital guides

This article investigates the relationship between technology and narrative in digital guides for tourists in Sweden. The main finding shows that narratives in the guides are based on a naïve view of history. In several instances, content is based on odd stories and speculation. Recent social trends have led to the erosion of grand narratives and the emergence of multiple views of history. New digital guides must address these challenges in order to develop tourism products that are relevant to different market segments.     

The Manufacture of Popular Perceptions of Scarcity: Dams and Water-Related Narratives in Gujarat, India

This paper critically examines some narratives of water scarcity in Kutch, western India. It argues that images of dwindling rainfall and increasing drought largely serve to legitimize the controversial Sardar Sarovar dam and manufacture dominant perceptions concerning scarcity. This manufacture has naturalized scarcity in the region and largely benefits powerful actors such as politicians, industrialists and large farmers. But the needs of the poor in water-limited areas are neglected. By exploring the various connotations of scarcity, the paper argues that scarcity is both a biophysical phenomenon as well as a powerful discursive construct. By distinguishing between the “real” and “manufactured” aspects of water scarcity, the paper attempts to enhance understandings of environmental change at the local level.     

Wilderness and cultural tour guides,place identity and sustainable tourism in remote areas

This paper is concerned with understanding the relationship between place identity and sustainable tourism in remote areas. It examines wilderness and cultural tourism guides’ place identity and how those identities are deployed in designing and delivering their activities, then evaluates how these activities engage with the goals of sustainable tourism. A mixed-method approach collected data from textual documents, participant observation and semi-structured interviews. A literature review and early document analysis identified three exemplary Yukon place identity narrative themes: (1) Masculinist Narratives, (2) Narratives of the New Sublime and (3) Narratives of Loss. A narrative framework emerged from initial findings and was refined on an on-going basis throughout the research process, and used iteratively as an analytical tool. Sustainable tourism is understood in relation to geotourism and place-based approaches. Instrumentally, the study provides insight into strategies used by guides to engage with, enhance and broaden goals for and understandings of sustainable tourism. It considers the role of infrastructure and the significance of lifestyle entrepreneurs. Authenticity is engaged to examine how it is operationalized as a crucial dimension of sustainable tourism in remote areas and is used to examine instrumental considerations, as well as a potential tool to “liberate place”.     

Convenience and choice for consumers: the domestic acceptability of canned food between the 1870s and 1930s

Canned food once represented an astonishingly innovative technology although it is now largely ignored in food discourse. As with so much in our lives, familiarity renders an object invisible. To explore the changing social significance of canned food, as the format developed from scientific curiosity to domestic ubiquity, this paper examines reports in The Scotsman newspaper from the late 1870s to the 1930s. Although canned foods were slow to break into the mass market they were little short of revolutionary in the way they brought new tastes from across the world to ordinary British households. A few cans in the larder provided simple storage and reassurance that the unexpected visitor could be fed – perhaps with something a little out of the ordinary. Against this background of quiet assimilation into our food culture, canned food has been controversial and provided an unwitting rehearsal for contemporary food narratives. In these old newspapers, it was somewhat surprising to find reports of disquiet that are recognizable in our own times – the convenience of canned food posed a threat to culinary skills; questions were raised about the nutritional value and safety of processed food; we had become excessively reliant on imported food and disregarded our own produce.     

Processing promotional travel narratives

While research exists which examines the use of tourism promotional communications (2 and 40), an investigation of how travelers process such promotional communications is lacking. In response, this study sought to investigate processing as well as perceived skepticism towards tourism promotional communications. The importance of understanding processing and perceived skepticism resides in the fact that both have been linked to overall message persuasiveness; and as such, both are essential to developing and implementing effective travel promotional communications. Specifically, this study sought to examine if participants differed based on their demographic characteristics in (1) the degree to which participants’ were able to be transported by a narrative (i.e. process), and (2) participants’ level of perceived skepticism concerning travel articles and travel brochures. To do so, Green and Brock’s (2000) Transportation scale and Obermiller and Spangenberg’s (1998) Skepticism Towards Advertising scale (SKEP) were incorporated.