Shifting models of equality? Union Equality Reps in the public services

This article explores how far the emergence of public sector Equality Representatives represents a departure from a distinct radical model of union self‐organisation generated by the collective mobilisation of politically conscious identities, towards a more inclusive liberal model of equality based on abstract notions of ‘fairness’.     

Creative Mediations of the City: Contemporary Public Art as Compass of Metro Manila's Urban Conditions

In this article, public art is proposed as creative agency mobilized to form urban imaginaries. These alternate visions are largely facilitated by artists and art collectives using urban communities as performative grounds. These projects promote a view of art as an effective channel for ‘recentering’ — the identification of a multitude of centers that endlessly fracture and shift, very much resembling the nature of cities themselves. An alternate vision of the city through cartography informed by contrast, temporality and ephemerality is proposed alongside dominant representations of the city. Works by artists Alma Quinto, Mark Salvatus and Wire Tuazon are representative examples of such strategies. Diverse in tactics and platforms, defined by site‐specific mediations, the projects facilitated by these artists reveal the uneven conditions that beset Metro Manila and its outlying areas. Quinto's altered Urban Plan/Duyan is the result of her engagement with women in an informal settler community in San Andres Bukid, Manila, while Salvatus's web‐based Neo‐Urban Planner is an astute observation of the obsessive yet futile ordering of people and space by the state. Tuazon's Amphibian installation is a commentary on the encroachment of multinational interests in local communities. These interventions are foils to state‐ and private‐led urban development schemes. Their strength lies in their direct engagement with the sphere of public dialogue and self‐determination. These artistic practices and strategies are shaped by community interaction, revealing that meanings residing in urban forms are relentlessly negotiated by the numerous actors that inhabit the city.     

ON THE SHAREHOLDER WEALTH EFFECTS OF DEPOSIT INSURANCE PREMIUM REVISIONS ON LARGE,PUBLICLY TRADED COMMERCIAL BANKS

Evidence is provided from changes in deposit insurance premiums in the early 1990s on the validity of the premium absorption hypothesis and the premium shifting hypothesis. Analysis of abnormal market returns associated with deposit insurance events using a market‐model event‐study methodology suggests that reductions in deposit insurance premiums are associated with increases in the market value of banking organizations; conversely, increases in deposit insurance premiums are associated with decreases in market wealth. The largest banks in the sample and banks with low equity capital (and low risk‐based capital ratios) appear to be most affected. These results are generally consistent with the premium absorption hypothesis but inconsistent with the premium shifting hypothesis.     

Understanding the effect of market orientation on circular economy practices: The mediating role of closed-loop orientation in German SMEs

The implementation of circular economy (CE) practices is considered a key driver towards sustainable development of firms. Earlier studies point to the general strategic approach of market orientation as an antecedent to CE practice implementation. Still, insights are limited as the mechanisms underlying this relationship remain unclear. Based on a sample of 121 German small and medium-sized enterprises (SME), we empirically examine how the strategic approach of closed-loop orientation mediates the relationship between market orientation and the implementation of three types of CE practices. Using structural equation modelling, we find that while market orientation is positively related to all three types of CE practices, closed-loop orientation mediates these relationships for only two. Our study extends CE literature by suggesting that market orientation is translated into closed-loop orientation to spur CE practice implementation. We also offer a differentiated understanding of CE practice implementation in the context of German SMEs.     

Valuation uncertainty and IPOs: Investment bank versus commercial bank underwriters

This paper tests commercial bank underwriting for the existence of a conflict of interest versus a certification role. Our tests compare samples of equity IPOs underwritten by both commercial and investment banks. We examine the degree of asymmetric information present in the market for these issues by examining their microstructure trading characteristics. Our results show that greater information asymmetry is present in the after-market when a commercial bank acts as underwriter. The asymmetry resolves itself as the market learns more about each issue, deciding which ones may have involved a conflict. This is consistent with greater uncertainty about the value of commercial-bank-underwritten IPOs, and is also consistent with the market perceiving a possible conflict of interest on the part of commercial banks.     

Start‐up financing: How founders finance their ventures' early stage

Although the entrepreneurship literature has advanced our understanding of start‐up financing, little is known about the mechanisms founders use to finance the beginning of a venture. Drawing upon resource‐based view, this study relocates bootstrapping is a strategic choice rather than a necessity. By analysing the financial behaviour of 3,017 new business owners, we reveal owner‐financed bootstrapping is a strategic choice rather than a necessity. We also demonstrate related techniques that are used independent of industry, initial capital, financing difficulties, and impeded revenues.     

Interpreting the risks of AIDS: A case study of long‐distance truck drivers

This is a study of long‐distance truck drivers ‐ their perceptions of working conditions, social networks, and health and sexual practices. Its purpose is to place AIDS in the work and life context of truckers in order to establish the meaning of ‘risk’ of AIDS. The research also aims to contribute to practical, multilateral action by all players in order to address the problems drivers in the industry face, one of which is AIDS. The findings are based on a study of 213 long‐distance truck drivers passing through the midlands of KwaZulu‐Natal, South Africa, during ten days in April 1995. Drivers are in trucking to feed themselves and their families. The sophisticated road network, the need to earn money and the poor rates of pay create a work routine which puts them under continuous pressure to drive. Their work routine is exhausting, lonely, isolating and boring. It is also dangerous and hard. These conditions of employment take a toll on drivers’ health and emotional well‐being. Despite or because of the intensity of their work routine they look for opportunities to unwind. For many this includes buying drink and sex, the few recreational activities which are readily available, immediately gratifying and congruent with the demands of a job which leaves truckers ‘dreaming of home’. Buying sex is tantamount to a condition of work. Objectively, the core of drivers who acknowledge having unprotected sex with multiple partners ‐ between a third and half of all drivers ‐ can be considered to be at high risk. Their susceptibility to AIDS may be greater if additional sexual and health factors are taken into consideration. Subjectively, drivers do not relate the risks of AIDS to their own practices or their ‘knowledge’ that having multiple partners increases the danger. Their fears are greatest where they have been tested for HIV, or they know or have heard of someone who has died of AIDS. The fluidity of the boundaries of risk, for them and the women they interact with on the road and at home, presents a huge personal and personnel crisis in an industry which is notable for the lack of support it provides to drivers. The risk of AIDS has to be acted on, but it cannot be treated in isolation from other problems of health and working conditions which have a bearing on the well‐being of truckers.