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The international literature on the inclusion of pupils with special educational needs has been wide‐ranging, focusing mainly on curriculum and assessment, and social inclusion. The issue of funding has been mainly confined to discussions about the size of budget needed to support the resource needs of inclusion (e.g. the costs of additional teachers, support assistants or transport). Less attention has been given to the actual structure of the budget for special education. There has been greater interest in the strategic management of budgets and in the interaction of funding mechanisms at the national, local and institutional levels. This article discusses the effect of resourcing mechanisms for special education and draws on a study across Europe, and other studies based in The Netherlands, the USA and the UK. The strategic behaviours generated by different approaches are considered and the degree to which any particular strategy can influence the inclusion of pupils with special educational needs is assessed.

Since May 2016, small firms have been able to issue debt and equity securities in accordance with the Securities and Exchange Commission's “Regulation Crowdfunding”. This regulation provides unsophisticated investors a chance to participate in the securities markets, and it gives small businesses an opportunity to raise funds. This paper investigates the determinants of crowdfunding success, security design in a crowdfunding setting, the amount of crowdfunding campaign proceeds and campaign duration.

The sample used in this study is based on 750 completed securities crowdfunding offerings that were launched between May 2016 and May 2018. The data on crowdfunding issues were webscraped from Form C filings available through SEC EDGAR filing system. Additional data were hand-collected from a variety of platforms that list and aggregate crowdfunding offerings.

We show that relatively larger and more profitable companies have a better chance to achieve crowdfunding success. We find that the issuance of equity results in a lower probability of success compared to issuing debt. In addition, the issuance of equity is negatively correlated with the amount of proceeds from a crowdfunding campaign. A novel finding is that a choice of a funding instrument has a negligible impact on the amount of proceeds. This finding, combined with reduced probability of success for equity issuers, can be interpreted as a signal to rely more on debt and convertibles when designing crowdfunding campaigns.

Organized under “Regulation Crowdfunding,” the US securities-based crowdfunding market has been operating for several years. Relative to other securities markets it is still considered to be in its infancy. Given a relatively small data sample, the results have to be interpreted with caution.

The paper shows that small businesses and unsophisticated investors can benefit from securities-based crowdfunding, which is subject to oversight of the Securities and Exchange Commission (SEC). Although the mission of the regulator is to protect investors, the SEC took on a rather relaxed approach in regulating types of instruments used in crowdfunding. Our paper shows that equities, including “Simple Agreements For Future Equity” (SAFEs) might not be the best choice for crowdfunding success. This sentiment is mirrored in law literature which considers securities known as SAFEs more suitable for venture capital campaigns rather than for crowdfunding.

The paper adds value to the novel field of securities-based crowdfunding by testing several hypotheses on the crowdfunding success, the amount of proceeds and campaign duration.

The chapter provides a library “state of the state,” discussing the issues, trends, and myths that shape the current library environment in the United States. It cites data from the American Library Association's State of America's Libraries (2010d) report. Issues discussed include library usage, library funding, the adaptation of new technologies, the profession of librarianship, the struggle to preserve public access to information, and the future prospects of libraries. The chapter discusses each of these issues in relation to public, academics, and school libraries, citing comparative data on funding and the adoption of new technologies for each type of library. Acknowledging that reality to libraries is not technological, but perceptual and political, discussion focuses on the growing role of advocacy and specific strategies that have proven successful in securing and/or preserving support for libraries. A number of commonly held myths are also examined, many of which are detrimental to libraries or inhibit our ability to respond to the issues and trends that are affecting libraries. The author concludes with some observations about the historic development of libraries, their continuing relevance in an era of rapid technological change, the need to look beyond short-term concerns and to closely examine and/or reject popular myths as we create libraries of the future.

This viewpoint paper focuses on the important role played by hospices in the UK in providing specialised end-of-life care for older people with complex needs – particularly for the growing number who choose to die at home. With demand for such care growing, the paper highlights the funding issues facing the independent hospice sector and the implications for hospices of receiving more state funding. The purpose of this paper is to highlight the challenges that hospices in the UK face in providing home-based palliative and end of life care for older people.

This a viewpoint paper informed by recent reports and research findings, as well as the author’s own work within the hospice sector.

The demand for specialised community-based and home-based palliative and end-of-life care is growing. The Covid-19 pandemic prompted wider discussion about what constitutes both “a good death” and good end-of-life care. This confirmed that most older people would prefer to end their lives free from pain, in familiar surroundings and not in hospital.

The specialised end-of-life care provided by hospices is rated highly by the regulator and the communities which they serve. In recent years, more attention has been given to providing “hospice at home” services, but coverage is limited largely due to lack of funding, the bulk of which comes from charitable fundraising. To provide a more equitable service, the fragility of the hospice funding model needs to be addressed.

If the state expands its funding of hospice care, it is important that charitable fundraising also continues to take place and is encouraged. This will help ensure that the good links between hospices and local stakeholders are maintained.

The funding of the hospice sector in the UK has been the subject of several reports both by governmental and non-governmental bodies, several in the last year. However, it is an issue of growing importance and the whole subject needs a fuller airing in academic circles.

This paper aims to present a set of strategic options for Research and Innovation (R&I) stakeholders in the light of new and emerging ways of organising and performing research.

The paper first reviews the evolution of the R&I landscape and identifies the most influential stakeholders engaged in R&I. In the light of the scenarios developed for the year 2030, a set of strategic options are identified and assessed for each stakeholder group.

R&I systems are now more complex than 50 years ago and will be even more in the future. Radical changes are expected in terms of the ways research is funded, organised and carried out. Some of these transformations are captured by the scenarios developed. The analysis of scenarios indicated that their feasibility and desirability differ across different sectors of industry, and research areas within the research landscape.

Scenarios and strategies presented in the paper bring new considerations on the way research activities are practiced. Further research is considered to be useful on the new modes of research and implications for academia, industry, society and policy makers.

The discussion around the responses of different stakeholders vis-à-vis specific scenarios about the future in R&I practices and organisation gives a practical view about how to deal with associated emerging trends and issues.

Society is a crucial stakeholder of all R&I activities. The transformative scenarios suggest that society will not only be playing a reactive role on the demand side but also more proactive role on the supply side in the decades to come.

The paper is based on work undertaken within the Research and Innovation (RIF) 2030 project. As R&I activities will be important for the development and competitiveness of the EU and its member states, the work presented here is considered to be of value by highlighting how to create more resilient strategies in a fast-changing R&I landscape.

Public pension plans in the U.S. are seriously underfunded, especially following the financial market crisis of 2008-2009 which resulted in large investment losses. However, funding levels vary widely across plans. Pension boards of trustees make key management decisions in pension systems and these decisions have significant effects on funded levels, yet our empirical knowledge of board management is limited. This study explores the effect of board composition on pension funding levels. Existing theoretical debates lead to differing expectations, and previous studies have mixed results. Our research uses a panel data set of large public pension plans from 2001-2009. We also collect data for pension board composition from this time period. We find that increasing political appointees and employee members on the board increases the funding performance of the pension system.

This paper examines the role of structured products in the 2008–2009 financial crisis. The growth of asset securitization has allowed loans that used to be funded by traditional intermediaries, including commercial banks, to be funded in securities markets. As credit-related services became unbundled, layers of transactions were added to the financial intermediation process. These layers were added as structured products, e.g., credit default swaps, in the over-the-counter market. This paper looks at the evolution of credit markets and the importance of using off-balance-sheet-based measures as an alternative in assessing the financial sector.

Over recent years an increasing amount of funds has been committed to mergers and acquisitions in the UK. Expenditure rose nearly tenfold from £2.3bn in 1983 to £22.1bn in 1988. This surge in spending has continued despite fears over economic trends, both domestic and international, and shocks in financial markets, notably the global col lapse in share values of October 1987. This monograph is essentially concerned with the events up to, and including, the first three quarters of 1989, ie, a period of two years after the crash of October 1987. Whilst the financing of mer gers and acquisitons activity is a fast moving arena, it does seem to be an opportune time to review developments to date and, tentatively, to suggest future trends in this sphere.