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This paper investigates the significant increase in S corporation banks converting to C corporations following the 2017 Tax Cuts and Jobs Act (TCJA) and the shift in motivations behind these conversions.

The paper uses bank-level panel data from Federal Deposit Insurance Corporation (FDIC) Call Reports to analyze the determinants of S bank conversions after the TCJA, comparing post-TCJA conversion trends with pre-TCJA trends utilizing an ordinary least squares (OLS) and logistics model.

The study finds that post-TCJA conversions are primarily driven by financially stable banks seeking improved tax conditions and relaxed shareholder restrictions as C corporations. This contrasts with pre-TCJA conversions, which were predominantly driven by financially distressed S corporation banks seeking new equity capital to maintain solvency.

The findings necessitate a comprehensive reconsideration of the Subchapter S status' sustained relevance for smaller institutions, especially in light of the comparative benefits now offered by the C corporation status post-TCJA. The results underscore the importance of ongoing academic investigation to deepen the understanding of the evolving fiscal landscape's effects on community banks, thereby contributing to the knowledge of the resilience and health of the US economy.

This research nudges policymakers and regulators to contemplate the ongoing relevance and advantages of the S corporation status. Given the substantial benefits conferred by the C corporation status in the post-TCJA environment, this study suggests that retaining the S corporation status may not offer the same appeal for smaller community banks as it once did.

This paper contributes to the broader understanding of the impact of tax policy on businesses' organizational choices, particularly in the banking industry and emphasizes the need for a comprehensive review of the S corporation status to assess its ongoing applicability in fostering small and community-focused financial institutions in light of the evolved corporate tax landscape.

This study has two primary objectives. First, it analyzes the information content of confidentiality strictness in corporate loan credit agreements. Second, it examines how confidentiality strictness impacts covenant design, lending syndicate structure and loan pricing.

Using a sample of 6,327 loan credit agreements originated by US public firms in the period of 1996–2017, this study measures the confidentiality strictness in loan contracts using textual analyses that capture the appearance of confidentiality-related words and the length of confidentiality provision. All regressions include relevant loan characteristics, firm-specific accounting variables, industry and year fixed effects. To address the endogeneity concern, the paper uses borrowing firms' rival cash holdings and R&D expenditures to instrument for confidentiality strictness in two-staged least square regressions.

Borrowers which have higher R&D and operate in more competitive product markets have tighter confidentiality policies. Furthermore, this study reveals that confidentiality strictness is negatively associated with the imposition of financial covenants, especially performance covenants. Loan contracts for borrowers with stricter confidentiality on average have more relaxed covenant intensity, measured by the number of covenants. The study also shows that stricter confidentiality attracts finance companies, which have strong expertise in product markets of their parent firms, into the lending syndicate. However, confidentiality-conscious borrowers with higher degree of information asymmetry are subject to higher loan spreads.

This study provides the first examination of confidentiality policies in loan contracts and supports the idea that loan provisions are not simply made of “boilerplate” language. The results suggest that, for confidentiality-sensitive borrowers, the greater exposure to product market competition helps control managerial slack and substitute monitoring from financial markets.

This systematic review of literature purposes to explore the impact of climate change on Mexico's water resources, exploring the impacts and efforts to address the problem as well as their effectiveness.

The researcher relied on several tools to obtain scholarly articles. The primary approach was using preferred reporting items for systematic reviews and meta-analyses. The Journal Impact Factor was an important consideration for the inclusion and exclusion criteria. The work also excluded all journals predating 2009. The work emphasized using journal articles. However, it consulted textbooks and documents from the government and water conservation sources. Contextually the sources with the highest Journal Impact Factor index were selected, paying heed to their relevance to the topic under investigation. Fifty sources out of seventy were included in the systematic review.

Mexico's already strained water resources have been negatively impacted by climate change, behooving the Mexican government to implement various mitigative strategies. However, scholars reported mixed results on the effectiveness of the various policies and programs implemented by the Mexican government. Key impediments to sustainable implementations entailed the political and social contexts surrounding the conservation policies in Mexico.

Numerous articles have explored the impact of climate change on Mexico's water resources, but many focus on a specific aspect. This work took a holistic approach, synthesizing multiple impacts and providing a sociological perspective on the effects, mitigation efforts, and implementation challenges.

This study explores how creative leadership unfolds in the pursuit of social purpose. Drawing on the case of an architectural firm’s development of novel social housing model, we identify claims of three creative leadership processes and of scaling up for social impact. The study expands the conceptualization of creative leadership to the context of social change. It also adds to the understanding of creative industries by suggesting social purpose as a distinctive, yet underexplored driver of innovation and a source of different balancing act, as well as an important frontier for research on and practice in the creative industries.

Departing from a so-called “modern civil service” as an ideal type, this chapter evaluates the status of public personnel management in Latin America. Such an ideal model is considered a mix between the organizational principles of the traditional civil service and those of the new public management perspective. First, the chapter presents the different phases that public management practices have undergone in some developed countries. Secondly, following several studies and data provided by the IADB, the level of development of several civil service systems in Latin America is analyzed and several of their construction–destruction–reconstruction patterns are presented. Lastly, the cases that most approach a modern civil service are discussed and some recommendations offered to reformers in this region.

The purpose of this paper is to relate average serving size intake by the Brazilian population and declared serving size, the presence of trans fat and household measure fractioning declared on labels of processed, and ultra-processed food products.

Cross-sectional study that analyzed the food labelling of all processed and ultra-processed food products sold in a supermarket in southern Brazil.

A total of 1,071 processed and ultra-processed food products were analyzed. In 88 per cent of food groups, the average serving size consumed was larger than what was declared on labels. Consumed serving size was up to 9.2 times larger than the declared ones in food products with trans fat among their ingredients list and in false negatives and up to 9.9 times larger in foods with fractioned household measure (p<0.001). The Brazilian population consumes, on average, larger serving sizes than those declared on labels, which may represent a significant intake of trans fats without the consumers’ noticing.

This study has been performed with the use of a national database on food consumption, as well as the information from a large number of processed and ultra-processed food labels marketed in Brazil. This study is also proven to be important and novel, contributing with information as to the manner in which nutrition labelling has been presented to Brazilian consumers, discussing its possible consequences for food choices, intake, and the guarantee of consumer rights.

The purpose of this paper is to compare the sodium content displayed on the labels of conventional processed food products (C) and of those with nutrition claims suggesting the absence or reduced levels of nutrients (AR).

Cross-sectional study analyzing the ingredients list, nutrition facts and nutrition claims on food labels. Subjects: all processed food products with added salt or additives containing sodium that were for sale in a large supermarket in Brazil from October to December 2011.

All 3,449 products were analyzed and categorized into 66 groups according to Brazilian legislation. The median of sodium content in the AR was 42.7 percent higher than in the C (p=0.007). In 33.3 percent of the groups there was difference in sodium content between AR and C (p < 0.05) and in 68.2 percent of these the sodium content was higher in AR. The variation range of sodium in products from the same group reached 2,905.0 mg in C and 1,712.0 mg in AR. Even when the median of sodium was lower in the AR, the minimum sodium values were lower in the C.

Comparisons of sodium content of conventional and AR processed food are scarce in the literature, especially covering all food for sale in a large supermarket. To the best of the knowledge, this is the first census making this comparisons in Latin America.

The purpose of this paper is to explore water management practices in four criteria – access to potable water; despoilment or pollution levels; grade of sanitation architecture; and grade of delivery architecture – in a variety of different Latin American and European nations to establish techniques that are currently been utilised in Europe that could improve water management in Latin America.

A systematic review of the available literature on water management in Europe and Latin America is performed to uncover differences and similarities in Latin American and European nations. The documents find are mostly recent, ranging from the last five years (2012-2016).

Some best practices from Europe cannot be applied in Latin America due to lack of funding. Fortunately, this is likely to change, as many Latin American nations’ economies are rapidly improving. Tentative recommendations include installing a system of pipeline that passes through all rural areas, and governments partnering with local businesses to provide sanitation, and regular sanitation and environmental inspections to minimise water pollution. It is also advisable for serious consideration to be given to achieving a measure of universality vis-à-vis water management standards across Latin America.

There is limited information in literature on the analysis of water management in Europe and Latin America, so this paper serves as a reference to fill the gaps, mainly in Latin America because that region is in development compared to European countries with advanced water systems.

The struggle against torture and institutional violence has to be practiced in numerous scenarios: in the very places of deprivation of liberty, against workers, administrations and judges who try to hide it or justify it, but also, it’s a struggle against an academy that, too often, has decided to look the other way. In order to be activist, criminology must leave the classroom and enter the places of deprivation of liberty. It must engage with victims and survivors and it has to make political and social denunciations, organising itself and weaving networks with other social organisations that fight for the same goal. Unfortunately, it also has to fight against the very obstacles that the criminal justice system institutions pose; the denunciations and persecution of these same institutions and some police and prison workers groups and unions; the dirty war against terrorism and political dissent; and the criminalisation of some mass media and also of the academic world, where activism against this phenomenon is a minority and marginalised. These two sides of the same coin, involvement in anti-torture activist movements, as well as persecution and criminalisation when challenging state power, is what the authors of this chapter have experienced in Catalonia and Spain. While we fight against torture outside the classroom, we also carry out activism inside the classroom, teaching what other academics do not want to engage with, and pointing out the political elements of criminology and the action of the penal system. In this chapter, the authors highlight the use of torture and other cruel, inhuman or degrading treatment or punishment in custody and prison, and in the context of police activity in Spain. Then, the authors explain the structures of denial (political, judicial and academic) that allow its perpetuation and impunity. The text ends with a journey through the configuration of activist criminology in Spain that unites critical analysis from a legal sociology perspective with collective and activist intervention.

Court decisions, based largely on principles of equal protection and non-discrimination, throw out laws with preferences for open source software, demonstrating that such laws are not only bad public policy, but may also be illegal, and that neutrality and choice in software procurement is the better approach.