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Corporate real estate executives and their departments can benefit themselves and enhance the value added to their companies by taking applying a merger perspective to their departmental organisation and activities. The dynamics and expectations experienced in actual merger situations can provide a foundation from which to improve one’s departmental organisation, data collection/retention and management techniques, regardless of whether a corporate merger is in one’s future. This paper outlines the components of the merger experience and investigates the benefits of adopting a merger perspective.

This paper aims to contribute to the analysis concerning how inflation forecasts from different economic agents (professional forecasters and consumers) lead to varying levels of central bank credibility and how it affects the monetary policy interest rate and its expectations.

Based on the Brazilian economy data from June 2007 to May 2022, the authors provide evidence that is useful for search mechanisms that improve the conduct of monetary policy through the management of inflation expectations. The authors perform several ordinary least squares and generalized method of moments regressions inspired by the Taylor rule principle. In brief, the benchmark model considers that the monetary policy interest rate and its expectations respond to departures of inflation expectations to the target (a proxy for central bank credibility) and the level of economic activity.

The main result of the analysis is that inflation expectations from professional forecasters and consumers imply different perceptions of central bank credibility that affect the monetary policy interest rate and expectations for horizons until one year ahead.

The novelty that the authors bring from the analysis is that the authors calculate central bank credibility by taking into account the “public beliefs” of different economic agents. Furthermore, the authors analyze the effect of central bank credibility from professional forecasters and consumers on the monetary policy interest rate and its expectations.

This paper examines the regulatory regime of the Financial Services Authority towards the credit union movement in Great Britain as contained in the Credit Union Sourcebook. The author discusses the merits of a strong regulatory regime towards credit unions within Great Britain and concludes that such an approach could improve the traditional perception of credit unions, increase the protection of members and increase awareness of the benefits of joining a credit union.

Globalisation is generally defined as the “denationalisation of clusters of political, economic, and social activities” that destabilize the ability of the sovereign State to control activities on its territory, due to the rising need to find solutions for universal problems, like the pollution of the environment, on an international level. Globalisation is a complex, forceful legal and social process that take place within an integrated whole with out regard to geographical boundaries. Globalisation thus differs from international activities, which arise between and among States, and it differs from multinational activities that occur in more than one nation‐State. This does not mean that countries are not involved in the sociolegal dynamics that those transboundary process trigger. In a sense, the movements triggered by global processes promote greater economic interdependence among countries. Globalisation can be traced back to the depression preceding World War II and globalisation at that time included spreading of the capitalist economic system as a means of getting access to extended markets. The first step was to create sufficient export surplus to maintain full employment in the capitalist world and secondly establishing a globalized economy where the planet would be united in peace and wealth. The idea of interdependence among quite separate and distinct countries is a very important part of talks on globalisation and a significant side of today’s global political economy.

Commercial property development builds floor space in anticipation of potential, but unknown, future demand, making it particularly prone to risk and uncertainty. The research explores the degree to which property developer decision-making is objective and rational and the degree to which it relies on behavioural instincts and intuition. Decision-making theory, including heuristics, is considered and its prevalence in the field of commercial property development is examined.

A “dual-processing” decision-making model, comprising intuitive System 1 and objective System 2 processing, is proposed and tested. Inductive research using template analysis of interviews, with “high status” commercial property developers, explored whether the model offers an accurate representation of developers' behaviour and effective lens through which to examine decisions made under conditions of risk and uncertainty.

Participants believed they adopted objective and rational approaches to complex commercial property development decisions. Analysis of interviews reveals that System 1 heuristics and intuition play significant roles in decision-making behaviour, leading to potential bias and systematic error. The research concludes that the dual-processing model provides a useful lens through which to better understand the decision-making approach adopted by commercial property developers.

The research represents the rare application of behavioural theory to the realm of commercial property development and provides new and original insight as to how important investment decisions are made under conditions of risk and uncertainty, with implications for professional practice.

The cumulative impact of accidents not considered as disasters far surpasses the impact of disasters. Accidents taking toll of human lives and economy are often underreported and go unnoticed and the victims of these incidences are also ill compensated. It is therefore necessary to pay adequate attention to accidents and formulate appropriate policies for giving equal treatment to the victims of these events and also to make efforts for mitigating these. This paper aims to discuss this.

The paper discusses the impact of accidents and attempts to assert that these are a cause of major concern. The database of the disasters (EM‐DAT) of Center for Research on the Epidemiology of Disasters (CRED), Belgium has been utilised for ascertaining the toll of disasters, while for assessing the cumulative toll of the accidents and disasters database available at departmental web sites (Department of Road Transport and Highways, Ministry of Shipping, Road Transport and Highways, Government of India (www.morth.nic.in) and Railway Ministry, Government of India (www.indianrailways.gov.in) together with some other web sites have been used. The two databases have been correlated to establish that the cumulative toll is far more than what is generally perceived to be the toll of the disasters.

Based on the correlation of one event each under the category of natural and man made disasters (landslides, transport accidents) it is concluded that these correlations establish that the toll of accidents is many times more than the disaster events and there exists a pressing need to pay adequate attention towards managing accidents that take heavy toll of the global resources.

At present there exists no formal and comprehensive database recording the toll of accidents and the study is based on the database compiled from different sources. The paper establishes beyond doubt that the magnitude of the toll of accidents is far more than that of disasters and there exists pressing need for managing accidents.

This paper would bring forth the importance of managing accidents before the policy makers and initiate advocacy for putting in more resources for managing these events. In the long run the victims would not be differentiated on the basis of the magnitude of the incidents they have faced.

The paper shows the importance of managing major accidents and provides guidance for appropriate changes to be made.

Institutional racism is usually defined in terms of the “collective failure of an organization to provide an appropriate and professional service to people because of their color, culture, or ethnic origin.” However, my analysis of leadership theories in the educational context, and the policies and practices in developing leaders of educational settings, as well as the management of educational provision in a locality, would evidence that “collective failure” masks the design that is present in the current educational context of England. This chapter is based on original research, which utilizes Critical Race Theory and a mixed methods approach. My research data evidences that discrimination on an individual, institutional, and structural level is prevalent in the leadership of children's learning. The extent of under-representation in leadership can only be explained in that it is designed. Policies that further deregulate and fragment the provision of education through schools and allied support structures only exacerbate this situation and therefore maintain White male supremacy in the leadership of children's learning.

This article aims to analyze if the adoption of inflation targeting in Brazil contributed to an improvement in the conduction of monetary policy capable of increasing credibility and reducing inflation without an increase in the sacrifice rate.

Considering the Brazilian experience, this article estimates, through GMM and VAR methods, the offsetting effects of a monetary policy change on the output‐inflation and unemployment‐inflation trade‐offs.

The findings denote that the disinflationary process implemented in Brazil, after the adoption of inflation targeting, is not associated with the emergence of the above‐mentioned trade‐offs. Furthermore, the development of credibility in the conduction of monetary policy is an important element responsible for the achievement of this result.

Development of credibility is an important strategy for improving the conduction of the monetary policy.

The results of the paper give some new insights about the conduction of monetary policy for developing countries, which have adopted inflation targeting.

The purpose of this paper is to examine an important exception to the “value congruity hypothesis,” which holds that advertising should be more effective when it is congruent with cultural values. It documents a paradoxical “reverse authority effect” among young adult consumers in traditionally high power distance (PD) countries.

Two experiments were conducted using data from traditionally high (South Korea in Study 1, Thailand in Study 2) and low (USA in Study 1) PD countries. Data are analyzed by variance analyses (multivariate analysis of covariance, analyses of variance) and regression.

Results show a reverse authority effect in Korea and attenuation of this effect in the USA (Study 1). Results also show a reverse authority effect in Thailand (Study 2), suggesting the generality of the effect across young consumers in traditionally high PD countries. It appears that a shift away from traditional cultural values has occurred in the course of modernization, as Western ideology gains popularity among young adult consumers in Eastern countries.

Findings suggest that traditional national culture alone is not a good predictor of responses to authority‐based ads. Rather, the extent to which a segment embraces or rejects traditional cultural values is more relevant.

This paper documents a notable exception to the value congruity hypothesis, i.e. a negative effect of authority‐based ads among young consumers in high PD cultures. It extends prior research and has implications for both theory and practice in global advertising.

Surging global natural disasters provide incentive for risk-reducing policies and strategies. In this light, the African Union (AU) engaged a multi-stakeholder policy formulation process between 2002 and 2006, to develop a continent-wide disaster risk reduction (DRR) strategy. Drawing from secondary data, this chapter assesses the process and applies qualitative analysis instruments to critically assess the AU’s disaster policy. Linkages to the 2005 international Hyogo Framework for Action (HFA) are also highlighted. The analysis reveals that Africa’s policy formulation process was belated for over a decade, with respect to international expectations. The formulation process was however largely African owned and led, culminating in a strategy document that reflected African contextual reality at the time, and aligned well with HFA fundamental goals. The applied multi-stakeholder approach enhanced a spirit of participation across levels and was central to the largely successful policy formulation process. However, targeted policy outcomes were not explicit, and poorly formulated indicators marred short- and long-term policy evaluation. Based on these results, we conclude that the African-wide DRR policy formulation processes were belated but participatory, systematic and very successful. Belated policy formulation reflects an initial inertia on the African continent, justified by past negative policy experiences and the desire to succeed. A replication of this policy formulation approach in Africa is recommended, albeit exercising more caution on policy timing, the elaboration of better monitoring and evaluation instruments and criteria. Participation should further embrace modern, risk-free (anti-COVID-19-friendly) information and communication technologies.