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Located within growing scholarly interest in linking the global financial crisis with revelations of financial crime, this piece utilises Roman Tomasic's suggestion that the financial crisis has marked something of a turning point in regulatory responses to financial crime worldwide. Tomasic attributes this to changing attitudes towards light-touch regulation and risk assessment, and the demand for existing agencies to be replaced with new tougher authorities. In the UK, this can be illustrated by the imminent replacement of the FSA with the Financial Conduct Authority (FCA). The paper aims to discuss these issues.

Discussion of the FSA's financial crime fighting activity is an important forecast for the likely directional focus of the FCA in this regard. A focus only on “market abuse” enforcement within this arises on account of the effects for financial systems widely attributed to this activity, with threats to systemic stability being a hallmark of the 2007-2008 financial crisis. This methodology also encourages coherence in focus and management of sources within the article. Market abuse enforcement provides a lens for exploring the FSA's adoption of the philosophy and ethos of “credible deterrence”, and FCA commitment to retain it, and ultimately for applying the hypothesis of the “haphazard pursuit of financial crime” to pre-crisis criminal enforcement relating to financial crime undertaken by the FSA.

The FSA and FCA appear acutely aware that the financial crisis has marked something of a turning point for the enforcement of financial crime, and for signalling changes in approach, for the reasons explored by Tomasic. Tomasic correctly identifies factors encouraging a range of undesirable practices pre-crisis, and ones signalling tougher and more sustained attention being paid to financial crime henceforth. It is noted that, pre-crisis, the FSA's pursuit of criminal enforcement of market abuse was conscious, comprehensively resourced, well publicised, and actually extensive.

This exploration of the FSA's criminal enforcement of market abuse given the Authority's own perceptions that it was not, and could never be, a “mainstream” criminal prosecutor considers the likely lasting legacy of this determined pursuit, when domestic politics and pan-European policies suggested against this. This is likely to be enormously valuable as the FCA undertakes this task in a domestic arena which is markedly in contrast from this, and where European agendas are pushing in favour of criminal enforcement, with the “more Europe, or less” debate providing a further dimension of interest.

The son of academics Monica and Godfrey Wilson, Francis Wilson (b. 1939) was raised in a Zulu-speaking locale of rural South Africa. Despite a keen interest in history imbued by his anthropologist parents, Wilson completed his undergraduate degree in physics at the University of Cape Town (UCT) before pursuing his doctorate at Cambridge University. Fascinated by the economics of discrimination and their relationship to the Apartheid regime in South Africa, Wilson spent a year in the United States as a visiting graduate fellow at the University of Virginia’s Thomas Jefferson Center for Political Economy (TJC) in 1964.

Some reference books are not only useful but a pleasure to read. For anyone interested in literature, the outstanding example is the Wilson Authors Series, which, for over fifty years, has provided excellent summaries of the lives and works of critically acclaimed or popular writers known to English‐speaking readers. Through their coverage of minor writers and inclusion of the autobiographical statements of many twentieth‐century writers, these volumes have constituted a valuable record of the literary scene. Despite the proliferation of literary reference works in recent years, some covering more authors, others providing lengthier articles, the Wilson series has remained a cornerstone of the reference collections of libraries of all sizes and a model of concise biographical writing.

To investigate the role played by corporate entrepreneurs in the strategic renewal of mature manufacturing companies.

A case study approach is adopted as a means of identifying links between corporate entrepreneurship and social capital. Data are drawn from a three‐year study which incorporates formal and informal interviews with 15 members of a pseudonymous company management team.

The study extends understanding of limits between corporate entrepreneurship and social capital in three ways: corporate entrepreneurs (CEs) can exploit “structural holes” for the benefit of the organisation rather than for career advancement; newcomers are more effective than insiders in overcoming the relational inertia caused by lack of external links; the bridging actions of CEs are important for linking internal activities as well as for accessing external knowledge.

The case is used, in combination with earlier contributions to the literature, as a basis for reconceptualizing the process of corporate entrepreneurship.

Eighteen months ago, Ireland's attempts to lure foreign investors were hampered by the world recession. Now the Republic is up against another foe — wage inflation — which is an unwelcome by‐product of what is otherwise a highly successful policy to boost manufacturing industry. Report by Chris Phillips.

This paper analyzes the age pay gap in Italy (22%), particularly as it is of interest in an aging society and as it may affect social cohesion. Instead of the traditional approach for model selection, we use a machine-learning approach (post double robust Least Absolute Shrinkage Operator [LASSO]). This approach allows us to reduce Omitted Variable Bias (OVB), given data restrictions, and to obtain a robust estimate of the conditional age pay gap. We then decompose the conditional gap and analyze the impact of four further potential sources of heterogeneity (workers', sectors', and occupations' permanent heterogeneity as well as sample selection bias). The results suggest that age discrimination in pay is only perceived but not real in Italy for both men and women.

We live in a time of great change. Community leaders around the world face dilemmas in every aspect of human living systems – social, economic, and environmental. We sit at a crossroads: do we try to fix what clearly is not working any longer or do we step up and design something new to achieve our desired outcomes? The leadership of Bibb County Schools (BCS) – faced with this very dilemma – stepped up to redesign their education system in a bold and exciting way. The road ahead was challenging and not at all guaranteed, but the conviction and strong leadership in the County was undaunted. This case study shares how BCS district, Macon, GA, is engaged the whole education system along with community leaders in a generative process to accelerate whole system positive change. Ultimately, their desired outcome was to generate a new educational system that would “ensure that all children receive a high-quality education that will prepare them to be competitive and successful in a global economy” (BCS, 2011). This chapter highlights key intervention strategies, including the important role that an Appreciative Inquiry summit played, in generating whole system change. We highlight the positive strides made to date and the challenges the County faces going forward. We conclude with recommendations leaders can use when considering a community-wide, whole system change effort.

An investigation of how secondary history teacher education candidates implemented research-based instructional practices for instruction is described as a model of pre-service teacher preparation for social studies teachers. Cohorts of candidates participated in a five-year project while enrolled in a discipline-specific capstone senior methods course and subsequent student teaching experiences. Candidates were surveyed and interviewed concerning their use of, and feelings about, twelve instructional strategies developed with a focus on authentic history pedagogy. Surveys were administered three times: before the secondary social studies methods course, after the methods course, and after student teaching. A variation on the Concerns-Based Adoption Model was used to measure the levels of use and stages of concern of the candidates. Artifacts of practice, including lesson plans from a model unit plan and actual student teaching, also were analyzed to document use of the strategies. Results indicate an increasingly high level of implementation of and comfort with the strategies, as well as the developmental nature of the process. Implications and recommendations for pre-service activities in history teacher education are presented.

This paper aims to report on the China‐North America Library Conference held in Beijing, China. The conference theme is Sharing Digital Resources: Challenges and Opportunities. Six sub‐themes are also intertwined with the conference theme: Resource sharing policies and perspectives; Digital infrastructure and repository technology; Research data sharing; Sharing digital preservation methods; and Shared digital access, retrieval and use.

The paper summarizes several important presentations at the conference.

The shared projects in this report include: National Cultural Information Resource Sharing Project; Multicultural Canada Project; Data Conservancy; National Library Digital Exchange Services; and Digital Museum Platform.

This is an original conference report which would help those who are interested in sharing digital resources on a global scale to understand the challenges, issues, and opportunities on that aspect.

Using a sample of 9,898 firm-year observations from 1,821 unique Chinese listed firms over the period from 2004 to 2019, this study aims to investigate whether the market rewards meeting or beating analyst earnings expectations (MBE).

The authors use an event study methodology to capture market reactions to MBE.

The authors document a stock return premium for beating analyst forecasts by a wide margin. However, there is no stock return premium for firms that meet or just beat analyst forecasts, suggesting that the market is skeptical of earnings management by these firms. This market underreaction is more pronounced for firms with weak external monitoring. Further analysis shows that meeting or just beating analyst forecasts is indicative of superior future financial performance. The authors do not find firms using earnings management to meet or just beat analyst forecasts.

The authors provide evidence of market underreaction to meeting or just beating analyst forecasts, with the market's over-skepticism of earnings management being a plausible mechanism for this phenomenon.

The findings of this study are informative to researchers, market participants and regulators concerned about the impact of analysts and earnings management and interested in detecting and constraining managers' earnings management.

The authors provide new insights into how the market reacts to MBE by showing that the market appears to focus on using meeting or just beating analyst forecasts as an indicator of earnings management, while it does not detect managed MBE. Meeting or just beating analyst forecasts is commonly used as a proxy for earnings management in the literature. However, the findings suggest that it is a noisy proxy for earnings management.