Infra-political dimensions of resistance to international business

Author(s):

Andre Spicer

 et al.

International business has been a contested terrain ever since the Europeans set their feet on the American continent, unleashing a long and violent history of colonialism and anti-colonial struggle.

While protests against the WTO, IMF, World Bank and the so called 'Washington Consensus' more generally do not necessarily implicate particular multinational companies directly, they are part of a wider discursive assault on an emerging global order that is seen to be dominated by global business interests.This paper contributes to critical understandings of how international business is resisted.

Updated: 24/06/2014
Comments: 1
Views: 3,983

Differences in beliefs and currency risk premia

Author(s):

Alessandro Beber

 et al.
Topic:
Finance

Standard asset pricing theories have difficulty explaining episodes that are not simply linked to fundamentals. Notable examples in the dynamics of capital markets are the equity premium puzzle or the excess volatility puzzle.

These puzzles have motivated an increasingly large literature over the last couple of decades that explores the general equilibrium implications of uncertainty for asset prices.This paper studies the importance of heterogeneous beliefs for the dynamics of asset prices.

Updated: 14/01/2013
Comments:
Views: 3,574

Hail the snail: hegemonic struggles in the Slow Food movement

Author(s):

Andre Spicer

 et al.

Since the early 1990s, many commentators have argued that the dominance of malbouffe (bad food) has a variety of negative consequences.

For some time, researchers have puzzled over how new fields of food movement are created. The research in this paper focuses on the argument that new fields are created by social movements engaging in hegemonic struggles and which develop social movement strategies, articulate discourses and construct nodal points.

Updated: 06/02/2013
Comments:
Views: 4,287

Family foundation philanthropy in an international context

The role of major donor philanthropy in the changing environment of global wealth creation and emerging social need has been of significant economic and policy interest to governments, fundraisers and beneficiaries alike.

This paper aims to provide a comparative international assessment of the private

philanthropy of major donors and their families in the new global era by focusing on giving through family foundations.

Updated: 06/02/2013
Comments:
Views: 3,827

Corporate speculation and CEO characteristics

Author(s):

Alessandro Beber

 et al.
Topic:
Finance
Industry:
Banking

Managers are acknowledged to have their own style when taking corporate decisions. Personal characteristics of CEOs are empirically important determinants of a large range of corporate variables. However, there are still a number of unexplored research questions. One of these is to what extent the corporate risk management policies of non-financial firms departs from textbook hedging.

In this paper, Cass researchers study to what extent CEO personal beliefs and individual characteristics explain the time-series variation of foreign currency derivatives beyond industry, firm, and market fundamentals.

Updated: 14/01/2013
Comments:
Views: 3,963

Retirement savings is an industrial issue

Author(s):

Chris Rowley

 et al.

While many pension provisions in the private sector have been eroded over the years, the 2008 financial crisis ratcheted up changes.

With this in mind, Dr Carol Royal, Visiting Fellow at Cass Business School, and Professor Chris Rowley suggest that superannuation is an industrial relations issue, and it should not be separated from wage negotiations.

Updated: 14/01/2013
Comments:
Views: 3,600

Optimal risk transfers in insurance groups

Author(s):

Vali Asimit

 et al.

Insurance groups often comprise a number of distinct legal entities, operating in different territories. Diversification across an insurance group is no trivial matter and the way it operates depends on the group's legal structure.

In comparison to previous literature on this topic, the focus here is on deriving optimal functional forms of risk transfers. Read the full article and let us know what you think.

Updated: 14/01/2013
Comments:
Views: 4,020

Winners and losers: German equity mutual funds

Author(s):

Dirk Nitzsche

 et al.
Topic:
Finance
Industry:
Banking

The performance of individual US and UK mutual funds has been extensively analysed across a range of research.

Many newspapers and trade journals present performance results in the form of league tables, so they too emphasise funds in the tails of the cross-section distribution. The contribution of this paper is to derive the empirical distributions for individual funds in the tails of the performance distribution, for a large number of German equity mutual funds using 20 years (1990-2009) of monthly data.

Updated: 14/01/2013
Comments:
Views: 3,732

Tax or beg? Mandatory payments to charity and their effects on donor behaviour

Charitable organisations derive income from various sources - directly through voluntary donations provided by individual people, and indirectly through funds provided by the state. It is perhaps natural to wonder why the state is required to finance these organisations when it is individual people who vote for government in the first place and pay for its spending via their taxes.

The purpose of this study is to ask whether such mandatory payments to charity would lead to higher contributions than a system of purely voluntary donations.

Updated: 06/02/2013
Comments:
Views: 3,924