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The purpose of this paper is to provide a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own student-managed investment fund (SMIF) course experience that is relevant for all undergraduate business majors.

The design is suitable for a wide audience without prior equity investment expertise, lead to equity portfolio management competency and concentrate heavily on the understanding of the elements of a competitive business model. One noteworthy aspect of the proposed pedagogy is that it does not require a text, uses only real-world resources and is flexible in its execution.

The proposed pedagogy has achieved long-term success by consistently exceeding performance expectations.

According to the extant literature, many SMIFs are restricted to only a few students, develop skills unevenly across class participants, or are not formally organized or executed. There is a lack of in-depth and specific resources available in the extant literature to assist course designers in an SMIF design and execution. This manuscript fills this void by providing a detailed framework of goals, processes and solutions that can serve as a starting point for instructors in designing their own SMIF course experience.

The purpose of this paper is to show the differences between European Electronic Document and Records Management System (EDRMS) standards in Europe with special focus on MoReq2 and TNA 2002 and to explore the benefits and problems of superseding national standards by a European model.

Interviews were conducted with 18 key stakeholders from across Europe. The qualitative method was chosen for the open‐ended interviews.

There is a wide range of opinions on national and European standards. MoReq2 is widely valued as a comprehensive and modern standard. Some interviewees indicated that the standard did create a culture of overregulation and was too detailed. Market impact depends on the compliance testing regime and legislation.

Within the field of EDRMS standards there has been limited research. This paper presents the first comparison of TNA 2002 and MoReq2. In addition it evaluates the economic impact EDRMS standards can have on vendors and users of these systems.

Since the late 1970s, research in accounting has been colonized by positive accounting theory (PAT) despite strong claims that it is fundamentally flawed in terms of epistemology and methodology. This paper aims to offer new insights to PAT by critically examining its basic tenets.

The paper subjects the language of the Rochester School to a deconstruction that is a transformational reading. This uncovers rhetorical operations and unveils hidden associations with other texts and ideas.

A new interpretation of the Rochester School discourse is provided. To afford scientific credibility to deregulation within the accounting field, Watts and Zimmerman used supplements and missing links to enhance the authority of PAT. They placed supplements inside their texts to provide a misleading image of PAT. These supplements rest on von Hayek's long‐term shaping blueprint to defeat apostles of the welfare state. Yet, to set PAT apart from normative theories that Watts and Zimmerman claimed were contaminated by value judgments, they made no reference in their text to the tight links between the Rochester School and the libertarian project initiated by von Hayek.

Any reading of PAT cannot present the infinite play of meaning that is possible within a text. Deconstruction involves a commitment to on‐going, eternal questioning.

The paper provides evidence of the relation between PAT and the neoliberal (libertarian) project of von Hayek. PAT is viewed as part of the institutional infrastructure and ideological apparatus that legitimates the hegemony of markets.

In aging societies all over the world, an increased understanding of age and age-related insights is critical to theory development, generalizations, model adaptations and managerial insights. Researchers and managers mostly rely on chronological age for adapting their approaches; they assume chronological age as a customers’ characteristic and neglect differing behaviors between individuals of the same age. When motivations enter the fray, chronological age as an individual’s attribute becomes indiscriminate. Consequently, findings adopting this age concept differ widely.

This special issue of the Journal of Services Marketing consists of ten articles that focus on different aspects of aging.

The articles change perspectives on age when describing ageing from an individual’s perspective. The articles also comment on social needs and discuss well-being in later life stages.

The authors offer a broad view on age and ageing to promote age-related research.

What historical background Van Overtveldt offers, he primarily draws from interviews he personally conducted and memoirs of various Chicago economists, especially Milton Friedman. In the introduction, Van Overtveldt (2007, p. 15) sheds light on his methodology; he states that he based his historical analysis on three layers of sources: “The first layer includes the books, essays, monographs, and articles published in academic journals by Chicago and non-Chicago economists…The second layer consists of material that is available in the archives of the University of Chicago…and in the files of the Communications Department of the University of Chicago. The third layer [draws from]…the more than 100 interviews that were conducted from 1994 to 2003.” Regarding the third, Van Overtveldt has provided a valuable historical contribution by compiling such an extensive oral history. Of the three layers Van Overtveldt mentions, the second is relatively thin. In the endnotes, Van Overtveldt only cites, excluding newspaper citations, seven archival sources from either the Special Collections at the University of Chicago or the files in Chicago's Communications Department. Tellingly, in the endnotes, the ratio of interview citations to archival citations is roughly 120:7≅17:1.¹ While adducing interviews per se is not problematic, information in an interview (or a memoir) needs to be checked against archival sources. Historian of economic thought, Bruce Caldwell (2007, pp. 348–349), cautions “[One should] take reminiscences with a grain of salt, and whenever possible to consult multiple archival sources.”² If a reflection cannot be checked against archival sources, it should be used with guarded skepticism. Van Overtveldt, however, unquestioningly relies on interviews; in fact, a retrospective point made by Friedman sometimes trumps assertions, explicit and implicit, critical of Chicago economics and its history. Van Overtveldt (2007, p. 27) plays the Friedman trump card, for example, in the following context:[Crauford] Goodwin noted that by the end of the 1940s, prominent members of the business community backed economists who preached the advantages of free competition and capitalism and ‘were all associated with the University of Chicago.’ Friedman strongly denies the relevance of this Cold War argument and the implied patronage of economics – especially at the University of Chicago – by business interests in favor of capitalism and the free-market economy.

COVID-19 accelerated change within the UK retail market. It encouraged the growth of online shopping, providing the necessary demand for grocers to invest in their operations, and transformed the economics of their businesses. As innovative new business models emerged, some existing retailers collapsed leading to significant changes on the high street. Landlords were also affected. As some retail tenants struggled to pay their rents, other parts of the sector prospered and sought additional warehouse capacity to cope with rising demand. Not only does this illustrate how different parts of the retail sector faired during COVID-19, but it also demonstrates how the move online has resulted in the emergence of new opportunities.

This paper presents a framework for ontology evolution tailored to Digital Libraries, which makes use of two different sources for change detection and propagation, the usage of ontologies by users and the changes of available data.

After presenting the logical architecture of the evolution framework, we first illustrate how to deal with usage‐driven changes, that is changes derived from the actual usage of ontologies. Second, we describe the generation of data‐driven ontology changes based on the constant flow of documents coming into digital libraries.

The proposed framework for ontology ontology evolution, which is currently applied and evaluated in the case studies, significantly reduces the costs of ontology updates and improves the quality of the ontology with respect to the users' requirements.

The management of dynamic knowledge is crucial for many knowledge management applications. Our approach for usage‐driven and data‐driven change discovery not only assures the consistency of ontologies modeling dynamic knowledge, but also reduces the burden of manual ontology engineering.

This paper presents the first approach towards a common framework for ontology evolution based on usage‐driven and data‐driven change discovery.

Transaction cost economics is an important anchor for analyzing a wide range of economic and organizational issues and is complemented by various theories, resulting in a perception shift of transaction governance structure from a polar classification toward a continuum (John & Reve, 1982; Heide & Miner, 1992; Hennart, 1993). Despite conceptual framework developments, empirical studies based on the continuum are scarce. This research is an initial effort toward TGS dimensionalization and operationalization and reviews theoretical developments since 1930, surveys empirical studies from 1982 to 2004, presents Williamson’s framework (1991), and proposes a set of items for instrument design.