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Hong Kong's largely unregulated fisheries are in a state of biological and economic decline. The government has proposed new fisheries management regulations which will likely restrict fishing effort. Thus, the purpose of this study is to investigate: fishers' willingness and capacity to switch to alternative jobs or livelihoods; and the feasibility of the marine recreation sector to provide alternative employment options for fishers.

The authors conducted interviews to find out about perceptions and attitudes towards the proposed management regulations, and alternative livelihood options for fishers. They interviewed participants in the fisheries sector (mainly fishers) and the marine recreation sector. A questionnaire was also mailed or faxed to marine recreation businesses throughout Hong Kong.

It was found that up to 75 per cent of fishers interviewed were generally willing to leave the fishery if they were provided with adequate compensation, but they were not optimistic about finding suitable jobs due to their limited skills and education. About 55 per cent of marine recreation respondents said they would consider hiring fishers; however, there were unlikely to be sufficient jobs for all the potentially displaced fishers. Hence, fishers have to look outside the marine sector for alternative livelihoods.

The results highlight that a sizable portion of fishers are willing to depart from “their way of life” under the right conditions. This indicates that, the government can help restore Hong Kong's fisheries and fisher livelihoods by providing appropriate training and designing acceptable compensation packages for fishers.

The study reported in this paper is significant because it shows that fishing is no longer economically profitable for Hong Kong's fishers, a situation which can largely be attributed to the lack of fisheries management in Hong Kong, which has dissipated biological and economic productivity of the fisheries' resources.

Community day leaves are one aspect of the rehabilitation offered at a secure forensic mental health facility in Australia. This study aimed to investigate staff and patients' understanding of community day leaves and how recovery principles were embedded.

Ten escorted community day leaves were observed and 21 semi‐structured interviews with staff and patients were conducted. Using an ethnographic research approach, thematic analysis guided by a comparative method was used to reveal the similarities and differences between staff and patient perspectives of escorted leaves and how principles of recovery were practiced.

Although staff and patients expressed their understanding differently, they had a similar overall understanding of the function of community day leaves, that being, to successfully reintegrate and practice daily living skills. Recovery principles practiced included developing a sense of connectedness to others, power over their own lives, the roles they value, and therefore, hope for themselves. However, how these were facilitated by staff and practiced by patients, varied.

Community day leaves can have the potential therapeutic benefits of enhancing or hindering recovery due to the staff member's facilitation. This study revealed how important it is for staff members to utilise recovery principles to enhance rehabilitation goals and therapeutic benefits.

This study has identified that community day leaves need to be shaped by recovery principles, leading towards successful community integration and goals and objectives need to be agreed upon by both staff and patients.

This study aims to explore the importance and impact of supply and manufacturing risk management upon business performance within the context of Chinese manufacturing supply chains.

A two-phased multi-method approach was adopted, which included a survey questionnaire to practitioners in Chinese manufacturing supply chains followed by semi-structured interviews. The findings included 103 valid survey responses complemented by six semi-structured interviews.

The results indicate that in Chinese manufacturing context supply risk and manufacturing risk management are both vital for business performance. A high correlation between business and manufacturing risk management performance exists; however, no significant impact of supplier dependency, systematic purchasing, maturity of production and supply chain and human resources was found despite previously these elements being regarded as key influencers for supply and manufacturing risk management performance. The Chinese manufacturing supply chain indicated that elements such as the supplier and customer orientation, flexibility, manufacturing and supply risk highly connotes with business performance.

In the current unpredictable and volatile business environment, the competitiveness of manufacturing supply chains to a large extent depend on their ability to identify, assess and manage the manufacturing and supply risks. The findings of this study will assist supply chain managers in taking decision on manufacturing and supply risk management and reducing the uncertainty upon their business performance.

The supply chain risk has been widely explored within the context of individual case studies, or standalone models focusing on either supply or manufacturing risk in supply chains; however, to what extent this has been applicable to a wider context and its impact upon business process has not been explored. Hence, this study simultaneously has analysed manufacturing risk and supply risk and its impact upon Chinese manufacturing supply chains business performance. Moreover, this study uses a combination of quantitative and qualitative methods, which is often limited in this area. Finally, the institutional theory lens offers novel insights in better understanding the factors that can affect the impact of supply and manufacturing risk management upon business performance in those contexts, such as China, where the institutional aspect presents specific features.

Recently, there has been much progress in developing Markov switching stochastic volatility (MSSV) models for financial time series. Several studies consider various MSSV specifications and document superior forecasting power for volatility compared to the popular generalized autoregressive heteroscedasticity (GARCH) models. However, their application to option pricing remains limited, partially due to the lack of convenient closed-form option pricing formulas which integrate MSSV volatility estimates. We develop such a closed-form option pricing formula and the corresponding hedging strategy for a broad class of MSSV models. We then present an example of application to two of the most popular MSSV models: Markov switching multifractal (MSM) and component-driven regime switching (CDRS) models. Our results establish that these models perform well in one-day-ahead forecasts of option prices.

The purpose of this paper is to present an annotated bibliography of the new poetry volumes from the Poets House 2009 Poetry Showcase.

The titles were selected from the Poets House 2009 Poetry Showcase as titles that are both challenging and accessible.

This list provides the librarian and reader with a guide to collection development in poetry.

This is one of the few lists of its kind showcasing contemporary poetry.

The purpose of this paper is to identify individual variables with an impact on knowledge sharing and explore the under-discussed construct of employees’ ignorance. This can enhance the knowledge-sharing process and facilitate the development of greater intellectual capital.

Eighty-four dependent variables affecting knowledge sharing are analyzed and classified into 11 categories. In addition, the direct effect of employees’ ignorance on knowledge sharing is introduced and empirically investigated in a case study of a multinational organization operating within the aerospace and defense industry.

The findings suggest that employees’ ignorance may negatively affect their intention to share knowledge, thus leading to poor decision-making and communication in organizations. Employees’ ignorance could also limit the organizational ability to repel external threats, implement innovation and manage future risks.

A classification scheme based on different categories of employees’ ignorance is developed, providing tailor-made recommendations for practitioners facing different types of ill-informed organizational scenarios. Further, the need to shift the emphasis away from the management of knowledge to the management of ignorance is also an important contribution of this paper.

Underpinned by the legitimacy perspective, this study explores how ride-hailing services are legitimized through resource exchange among the industry players. The authors explore the types of legitimacy involved in the legitimation process. The authors also examine the political games being played by the actors to attain legitimacy.

This qualitative study involves thirty-one stakeholders/interviewees from emerging Asia. The interview data are supported by online documents and observations.

Thematic analysis shows that the industry players collaborate to achieve political, market, alliance, social, and investment legitimacy. The collaborations also legitimize industry players' existence through an eclectic mix of the numerous stakeholders' actions. This study shows how Dacin's proposed four types of legitimacy are coexisting and interconnected. It also highlights the neglected political legitimacy.

The findings guide the policymakers and ride-hailing operators experiencing competing requests to legitimize sustainable ride-hailing service development in urban cities.