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1 – 10 of 215Adrienne R. Carter-Sowell, Jyotsna Vaid, Christine A. Stanley, Becky Petitt and Jericka S. Battle
The purpose of this paper is to describe a mentoring program developed at a large predominantly white research university that was aimed at retaining and advancing women faculty…
Abstract
Purpose
The purpose of this paper is to describe a mentoring program developed at a large predominantly white research university that was aimed at retaining and advancing women faculty of color. The ADVANCE Scholar Program pairs each scholar for two years with a senior faculty member at the university who serves as an internal advocate, and with an eminent scholar outside the university who helps the scholar gain prominence in their discipline.
Design/methodology/approach
This paper offers a case study of the ADVANCE Scholar Program. The authors describe the intersectional approach to organizational change in this conceptual framework and provide a brief overview of the institution and precursors to the development of the Scholar program. The authors describe the program itself, its rationale, structure and participants in the program.
Findings
Overall, the program generated a positive reception and outcomes, and the authors suggest that such a program has the potential to make a positive difference in making the university a more supportive place for a diverse professoriate and recommend it as a model for adoption at other predominantly white research universities.
Practical implications
By publishing the operations and the outcomes of this faculty mentoring program, we expect to contribute broadly to a more supportive campus climate for a diverse professoriate. We have developed, implemented, and continue to study this successful model to retain minoritized faculty scholars in the professoriate.
Social implications
Women faculty of color are often assigned to serve on committees to meet diversity objectives of the institution and are sought after by students of color from across the university, but this service is not considered. This program, the ADVANCE Scholar Program, pairs each scholar with a senior faculty member who serves as an internal advocate, and an external eminent scholar who guides the scholar in gaining national prominence. These efforts to retain and promote minoritized faculty scholars, altogether, have important implications on the pervasive issues affecting many members of academic communities at the individual, interpersonal and the institutional levels.
Originality/value
This case study provides an innovative strategy to tackle the lack of role models and the experiences of social isolation that occurs for women faculty of color with multiply marginalized status. Hence, women faculty of color benefit from a valuable, institutionally supported, university-wide mentoring program designed to increase diversity of minoritized faculty in the professoriate ranks.
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Enormous amounts of paint will be required in the coming decades to maintain the 570,000 bridges spanning the US rivers, canals and road‐ways and providing access to more than 3.5…
Abstract
Enormous amounts of paint will be required in the coming decades to maintain the 570,000 bridges spanning the US rivers, canals and road‐ways and providing access to more than 3.5 million miles of US highways.
ASTM D01.56 on Printing Inks, a subcommittee of standards‐writing Committee D‐1 on Paint and Related Coatings and Materials, has announced the approval of five standard test…
Abstract
ASTM D01.56 on Printing Inks, a subcommittee of standards‐writing Committee D‐1 on Paint and Related Coatings and Materials, has announced the approval of five standard test methods for the evaluation of printing inks and prints.
Whilst at the Department of Computer Science at Columbia University, US, Michael Lebowitz, currently at the Analytical Proprietary Trading Unit of Morgan Stanley and Company, New…
Abstract
Whilst at the Department of Computer Science at Columbia University, US, Michael Lebowitz, currently at the Analytical Proprietary Trading Unit of Morgan Stanley and Company, New York, researched into a variety of areas in natural language processing and machine learning. In particular his UNIMEM learning program has been applied to a wide range of domains including census data, software evaluation and congressional voting records. In a recent research contribution, “The Use of Memory in Text Processing”, Communications of the ACM, Vol. 31 No. 12, 1988, pp. 1483–1505, he describes how RESEARCHER, a program that reads, remembers and generalises from patent abstracts, makes use of its automatically generated memory to assist low‐level text processing. This, he says, involves disambiguation that could be accomplished in no other way.
Colleen Baker, Christine Cummings and Julapa Jagtiani
Basel III and the capital stress testing introduced new requirements and new definitions while retaining the structure of the pre-2010 requirements. The total number of…
Abstract
Purpose
Basel III and the capital stress testing introduced new requirements and new definitions while retaining the structure of the pre-2010 requirements. The total number of requirements increased, making it difficult to determine which and how many constraints are binding. The purpose of this paper is to discuss the new financial regulations in the post-financial crisis period, focusing on the capital and liquidity regulations.
Design/methodology/approach
The authors explore the impact of financial regulations using various data sources – financial and accounting data from Y-9C Reports. Market data such as daily bond trading from TRACE through the Wharton Data Research Services and Treasury yield from the Bloomberg. The authors use regression analysis to examine the roles of capital adequacy and liquidity regulations.
Findings
The authors’ analysis in this paper suggest that Basel III, CET1 and Level 1 HQLAs requirements post-financial crisis have reshaped the balance sheets of large financial institutions, with some differential impacts on traditional versus capital markets banks. These changes appear to respond to the binding constraints (CET1 being a preponderance of required regulatory capital, Level 1 HQLAs a majority of required HQLAs and the expense of both) created by these new requirements, which also appear to have constrained asset growth at such institutions. Consistent with the authors’ view, their results suggest that the new requirements are less constraining for large traditional banks (such institutions show a rapid increase in CET1 capital to steady-state levels by 2012 and strong retail deposit rebuilding resulting in a relatively low required HQLA) and much more so, particularly the liquidity requirement, for the capital markets banks (such institutions show continuous building of CET1 capital over the post-crisis observation period, declines in the share of trading assets and increases in the share of HQLAs combined with efforts to increase retail deposits). Credit risk spreads rose dramatically during the financial crisis of 2008-2009. Although decreased, they remain higher and with greater dispersion (for both groups of banks) than pre-crisis. Preliminary regression analysis suggests that the market responds to changes in measured liquidity, rather than the regulatory capital ratios, when pricing bank risk (as reflected on bond spreads).
Research limitations/implications
The estimation is based on historical relationship in the data. We must be cautious in extrapolating the results in a different environment.
Practical implications
There appears to be an arbitrage between HQLA and retail deposits. Capital markets banks and traditional banks follow different business models as evident in the analysis in this paper.
Social implications
Market pricing suggests that the liquidity measures are more transparent and easier to understand. Capital ratios are not as easy to interpret.
Originality/value
Original research. To the authors’ knowledge, there is no paper that examines impacts of capital and liquidity regulations after the crisis at capital markets banks vs traditional banks – using both accounting data and market data.
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M. Norman Goldberger, John C. Grugan, Christine O’Neil and Tesia N. Stanley
To explain the first enforcement action the USA Securities and Exchange Commission (SEC) has brought under “pay to play” rules for investment advisers since those rules were…
Abstract
Purpose
To explain the first enforcement action the USA Securities and Exchange Commission (SEC) has brought under “pay to play” rules for investment advisers since those rules were adopted nearly four years ago.
Design/methodology/approach
First, the article provides a summary of the SEC enforcement action against TL Ventures Inc., a Philadelphia-area private equity firm. Next, the article provides a historical context and some key provisions of the rules. Finally, the article provides political contribution policy and procedure recommendations.
Findings
Political corruption in the municipal market has been a focus of the SEC for several years and is likely to continue to be a top priority. Investment advisers should ensure they have sufficient policies and procedures in place to avoid a two-year ban on business with a state or local government as the result of a political contribution.
Originality/value
The article provides the facts underlying the SEC’s enforcement action, the historical context of municipal market pay-to-play rules, a summary of the pay-to-play prohibitions, and recommendations for avoiding rule violations. The article would be of interest to investment advisers, public pension plans, municipal securities underwriters, brokers, and dealers as well as state and local governments.
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A project was undertaken to determine the appropriateness of providing subject‐based courseware in an academic library's software center or microcomputer lab. The courseware was…
Abstract
A project was undertaken to determine the appropriateness of providing subject‐based courseware in an academic library's software center or microcomputer lab. The courseware was intended to provide remedial instructional support to re‐entry students in selected subjects. For this project, college algebra became the chosen subject because there appeared to be widespread local agreement that a number of adult students needed remedial instruction in college algebra. The question of the appropriateness of CAI in the library remains open. This service seems to be a viable one for academic libraries to offer. Success would be dependent on wide ranging cooperation involving the library, teaching faculty, computing staff, and instructional technologists.