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This study aims to examine the effects of the historical prevalence of infectious diseases on contemporary gender equality. Previous studies reveal the persistence of the effects of historical diseases on innovation, through the channel of culture.

Drawing on the parasite stress theory, the authors propose a framework which argues that historical prevalence of infectious disease reduces contemporary gender equality. The study uses ordinary least squares and two-stage least squares in a cross-section with data from 122 countries between 2000 and 2021.

This study provide support for the underlying hypothesis. Past diseases reduce gender equality both directly and indirectly. The strongest indirect effects occur through innovation output. Gender equality analysis may take these findings into account and incorporate disease pathogens into the design of international social policy.

This study complements the extant literature by assessing the nexus between historical prevalence of infectious diseases and gender equality.

The purpose of this paper is to investigate whether switching to a CEO of the opposite sex affects the tax aggressiveness of firms.

Regression analysis using a difference in difference approach and propensity score matching on a dataset of 8,798 firms from 2007 to 2017.

The authors find evidence that switching to a female CEO reduces the effective tax rate paid, implying a higher level of tax aggressiveness.

The findings contradict the narrative that female CEOs are less tax aggressive.

The authors are the first (to the best of the authors' knowledge) to specifically investigate if changing the CEO gender has an impact on the effective tax rate paid by the firm.

Economic pluralism proposes that economists and social planners should consider alternative theories to establish a range of policy actions. Neoclassical, Feminist and Marxian theories evaluate well-grounded causes of wage discrimination. However, a reluctance to consider less-dominant theories among different schools of economic thought restricts analysis and proposed policies, resulting in a monism method. The paper aims to discuss these issues.

The authors provide a brief review of the theoretical literature on wage discrimination. The significance of a pluralistic analysis is demonstrated by addressing correspondence test patterns of wage discrimination.

In considering Neoclassical, Feminist and Marxian theories, racist attitudes, uncertainties regarding minority workers’ productivity and power relations in lower-status sectors might generate discriminatory wages. Each cause deserves corresponding policy action.

Time is needed to provide a pluralistic evaluation of wage discrimination. In addition, pluralism requires rigorous investigations to avoid incoherencies. Pluralism might be jeopardised if there is a limited desire to engage with less-dominant theoretical frameworks. Also, pluralism might be misled with rejection of dominant theories.

Given pluralism, wage discrimination might be reduced by implementing equality campaigns, creating low-cost tests to predict workers’ productivity and abolishing power relations towards minority workers.

Little work has been on economic pluralism in the study of wage discrimination. The current study addresses the gap in the literature.

The recent literature on corporate governance and gender diversity underlines that those differences may go beyond a pure or direct effect on firms’ performance and in this vein, this study aims to investigate whether the presence of women in leading positions can affect the credit rating indicators.

The authors focus on Italian manufacturing firms, as well as small and medium firms (SMEs), that are often under-represented in previous studies, despite their importance in many economies. The authors extract data on directors and top managers as well as rating classes and credit score indicators, and using a fixed-effects model, the authors analyze the relationship between credit risk mitigation and the inclusion of women among top managers, consistently with the rising empirical literature focused on risk perceptions.

The authors find a significant negative relationship between female participation in top management and credit risk, with a greater impact associated with smaller firms, where the presence of a female top manager might make the difference. The results are robust to different model specifications and estimation strategies, and the authors find different magnitudes of the effects also according to the geographical location of the firm.

Because of the chosen sample of manufacturing firms, the research results may lack generalizability. Therefore, researchers are encouraged to expand the study and test the approach elsewhere.

The authors add new and more robust empirical evidence of a negative relationship between female participation in the top management and credit risk by focusing on the entire population of Italian nonlisted manufacturing firms.

The purpose of this study is to gain meaningful insights into a microfinance programme in two different agro-ecological settings in India. The study, using primary survey data, attempts to examine individual, household and environmental characteristics that determine participation in a self-help group (SHG)–bank linkage programme in Odisha.

Primary data are collected by a stratified random sampling method. The sample size is 300 households and information is collected by canvassing a pre-designed schedule to women through door-to-door in-depth interviews. In addition, focus group discussions have been conducted to get qualitative information. A probit binary model is applied to examine the factors determining participation in a SHG–bank linkage programme. A composite index of women empowerment is computed taking three dimensions: autonomy, economic empowerment and the gender relationship. Further, ordinary least square multiple regression and treatment effect evaluation by propensity score matching is carried out to study the impact of participation on women empowerment.

The study finds that the programme has by-passed the poorest of the poor. It is observed, however, that participation in microfinance has a positive and significant impact on women empowerment.

Given the research methodology adopted in this study, one concern is whether the results generalise. Therefore, researchers are encouraged to test the proposed propositions further.

To improve status of women particularly in developing and underdeveloped regions, microfinance can act as a catalyst.

Microfinance in the form of SHG–bank linkage should be promoted, particularly for those social groups and religious communities where women are discriminated. Their participation in SHG–bank linkage programme will improve their social status through empowerment.

This study illustrates how microfinance can improve the status of women.

Discusses the sharing of assets confiscated from money launderers by the nations that cooperate against the laundering practice, with special reference to Canada’s approach. Examines what the Financial Action Task Force and international conventions say on this subject. Reviews the fairly recent history of victim compensation in Canada and elsewhere, including Canada’s provisions for forfeiture in terrorism cases and for restitution using a victim fund surcharge on offenders. Suggests that an international convention should clearly direct how forfeited assets should be distributed to the victims of the crime; at present it is difficult for a country that prosecutes to ensure equitable distribution to all victims, especially if they are foreign nationals.

Studies of the three-dimensional flow characteristics during hydrofoil cavitation have shown that the side walls strongly affect the flow field around the hydrofoil. The purpose of this paper is to analyze the side wall effect for three-dimensional non-cavitating flows around a hydrofoil.

A three-dimensional non-cavitating flow field around a hydrofoil is analyzed for different attack angles using the RNG turbulence model and large eddy simulations (LES). The effect of the hydrofoil span was analyzed using LES simulations for various spans.

The lift coefficient, drag coefficient and pressure coefficient on the suction side are compared with experimental values. The results from the LES model (Smagorinsky-Lilly subgrid-scale model) agree better with the experimental data than those from the RNG turbulence model.

This paper shows that the flow around the hydrofoil has significant three-dimensional characteristics due to the side wall. For wide hydrofoils, the wall vortex region becomes essentially stable, and the width of the span has little effect on the middle region.

THIS report gives a general solution of the problem of the calculation of the Glauert loading of wings with discontinuities of incidence. The three existing variations of the original theory, the Glauert solution, the Gates' least squares solution, and the Lotz' solution, are not entirely satisfactory and may involve a considerable amount of labour. The present solution divides the Fourier series representing the circulation into two parts: (a) a standard solution representing the discontinuities, which includes the slowly convergent part of the solution, and which is expressible as a precise infinite series dependent only upon the position of discontinuities along the span, and (b) a secondary solution due to plan form, aspect ratio, slope of section lift curve, and so on, which is the quickly convergent part of the solution and usually requires a terminated scries of only from four to six terms. Once the standard solution has been computed, the remaining work is little more than for the standard Glauert solution for a flat wing.

Managers are constantly making decisions that affect profit. One of the decision‐making areas which is crucial to all managers concerns profit planning. Attempts to show how cost‐volume‐profit (CVP) analysis, aided by the computer spreadsheet, can be applied to the practical profit planning situation in the hospitality industry. Paradoxically, CVP analysis is one of the most widely referred to techniques in managerial accounting, but all too often it is not used to its full potential in the operating environment. Aims at encouraging greater use of the CVP approach to hospitality profit planning.