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Article
Publication date: 1 October 2005

John Hood and Peter Young

Since the early 1990s there has been a growth in local authorities of risk management. However, despite a range of different strategies, initiatives and practices the issue of…

2480

Abstract

Purpose

Since the early 1990s there has been a growth in local authorities of risk management. However, despite a range of different strategies, initiatives and practices the issue of financing the risks to which authorities are exposed has remained problematic. The traditional dependence on the commercial insurance market has proved to be a flawed strategy. This paper aims to analyse an alternative risk financing strategy which has been successful in local authorities in other countries, that of risk pooling.

Design/methodology/approach

The paper analyses the rationale behind risk pools, investigates the legislative environment that appears to make these acceptable to central government and evaluates the likely benefits to local authorities of their adoption.

Findings

The paper finds that the perceived main legislative barrier to risk pools may no longer exist. Given that, there is a strategic, financial and operational case to be made for at least exploring the possibility of risk pooling. The experience from the USA would suggest that pools can have an important role to play in risk financing, and evidence now exists that a number of UK local authorities are actively pursuing pool formation.

Practical implications

The development of risk pools is likely to result in a significant reduction in the use of conventional insurance by local authorities. The evidence would suggest that this will be beneficial, but this is subject to the proviso that actuarial, financial and managerial practice within pools is rigorous.

Originality/value

This is an under‐researched area, with almost no extant UK‐relevant academic, or indeed practitioner, literature. The paper adds to the understanding of public sector risk management and financing for both academic and practitioner audiences.

Details

International Journal of Public Sector Management, vol. 18 no. 6
Type: Research Article
ISSN: 0951-3558

Keywords

Article
Publication date: 24 May 2013

John Hood and Tom Smith

The use of risk management strategies and practices in UK local authorities has increased significantly in recent years. The purpose of this paper is to examine the perceptions of…

958

Abstract

Purpose

The use of risk management strategies and practices in UK local authorities has increased significantly in recent years. The purpose of this paper is to examine the perceptions of local authority officers and establish the degree to which there is evidence of quantifiable, positive risk management outcomes.

Design/methodology/approach

The research used the case study method and two English local authorities agreed to participate in the research. In the course of the case study, interviews were conducted with their risk managers. In addition authority‐specific information was gleaned from council reports, assessments and external audits.

Findings

The results suggest that risk management has a key role to play in the successful delivery of corporate objectives and services to the public and that, despite challenges, there is evidence that positive outcomes can be identified and measured.

Research limitations/implications

Although the methods used do not permit generalisability, this research has found evidence of good risk management outcomes. However, quantifying these is challenging. Local authorities have a large number of data sources to help identify sources of possible evidence; however there appears to be fragmentation and a lack of cohesion in the use of these.

Practical implications

The findings of this research suggest that there are mechanisms which local authorities could put in place to further facilitate better evaluation of risk management outcomes.

Originality/value

Research into the delivery of successful risk management outcomes is important for all local authorities, but it appears to be limited as an area of research or practice. This paper identifies both areas of success and the need for further research.

Details

International Journal of Public Sector Management, vol. 26 no. 4
Type: Research Article
ISSN: 0951-3558

Keywords

Article
Publication date: 1 January 1980

A highly significant action taken by the Minister of Agriculture, Fisheries and Food, reported elsewhere in this issue, could well result in important advances in surveillance and…

Abstract

A highly significant action taken by the Minister of Agriculture, Fisheries and Food, reported elsewhere in this issue, could well result in important advances in surveillance and probably legislative control over enforcement of certain aspects of EEC legislation in the Member‐states. The Minister has sent an urgent request to the Commission in Brussels to dispatch inspectors to each country, including the United Kingdom, to examine and report on the standards of inspection and hygiene with detailed information on how the EEC Directive on Poultry Meat is being implemented. Information of the method of financing the cost of poultrymeat inspection in each country has ben requested. The comprehensive survey is seen as a common approach in this one field. The Minister requested that the results of the inspectors' reports should be available to him and other Member‐states.

Details

British Food Journal, vol. 82 no. 1
Type: Research Article
ISSN: 0007-070X

Article
Publication date: 21 August 2007

Bernard O'Meara and Stanley Petzall

The purpose of this paper is to identify the key demographics and social characteristics of Vice‐Chancellors of Australian universities so that an accurate profile of…

425

Abstract

Purpose

The purpose of this paper is to identify the key demographics and social characteristics of Vice‐Chancellors of Australian universities so that an accurate profile of Vice‐Chancellors can be established. At present, there is no contemporary profile of incumbents despite the high level of responsibility associated with these roles.

Design/methodology/approach

A qualitative approach was used in the research that required the collation and analysis of public domain material regarding vice‐chancellors. Multiple sources were used in order to ensure depth, breadth and accuracy of data collected. A questionnaire that was used as part of the PhD research allowed new data to be accessed and existing data verified. Finally, interviews with various incumbents allowed pertinent information to be discussed where applicable.

Findings

The research outlines the changes in the roles of Vice‐Chancellors that have occurred since 1960. The changes in the role reflect changes in government policy and social trends. Further, the research demonstrates that incumbents are now chief executive officers and require a broader range of business competencies and academic experience compared to their predecessors in order to meet contemporary challenges. These changes are reflected in the demographics and social characteristics of incumbents.

Originality/value

This paper addresses this gap in knowledge and provides information about the people who are appointed vice‐chancellors. The research gives an insight into all incumbents between 1960 and 2000 and where possible, examples of post‐2000 trends have also been given. The creation of this profile will allow further and more in‐depth research to be undertaken.

Details

Journal of Educational Administration, vol. 45 no. 5
Type: Research Article
ISSN: 0957-8234

Keywords

Article
Publication date: 1 February 1970

AS Canadians themselves will quickly inform you, this is a big, young country—Great Britain would fit into a small part of Alberta, large stretches of which are still not…

Abstract

AS Canadians themselves will quickly inform you, this is a big, young country—Great Britain would fit into a small part of Alberta, large stretches of which are still not accurately recorded on large scale maps. Indeed, I listened to radio reports of a search for two aircraft on the first morning we were there. One aircraft (a helicopter) had been missing in the North Western Territories with a Calgary man aboard for two weeks and was eventually found crashed; the other, missing for two days, was a Cessna seaplane which had run out of fuel and punctured a float as it landed close to the shore of the Great Slave Lake. The occupants were rescued by air from this largely uncharted waste.

Details

New Library World, vol. 71 no. 8
Type: Research Article
ISSN: 0307-4803

Article
Publication date: 1 May 1982

Legal process by its very nature cannot be swift; step by step, it must be steady and sure and this takes time. There is no room for hasty decisions for these would tend to defeat…

Abstract

Legal process by its very nature cannot be swift; step by step, it must be steady and sure and this takes time. There is no room for hasty decisions for these would tend to defeat its purpose. Time, however, is of the essence and this is set for various aspects of legal action by limitation of actions legislation, which sets periods after which the case is no longer actionable. The periods are adequate and in civil law, generous to avoid injustice being done. The one serious complaint against the process of law, however, is the unwarrantable delays which are possible despite limitation. From the far‐off days of Equity, when Dickens' Jarndyce v Jarndyce, caricatured and exaggerated as it was, described the scene down to the present when delays, often spoken of in Court as outrageous are encountered, to say nothing of the crowded lists in the High Courts and Crown Courts; the result of the state of society and not the fault of the judiciary. Early in 1980, it was reported that 14,500 cases were awaiting trial in the Southeastern Circuit Crown Court alone. Outside the Courts legal work hangs on, to the annoyance of those concerned; from house purchase to probate. Here, the solicitor is very much his own master, unhampered by statutory time limits and the only recourse a client has is to change this solicitor, with no certainty that there will be any improvement, or appeal to the Law Society.

Details

British Food Journal, vol. 84 no. 5
Type: Research Article
ISSN: 0007-070X

Article
Publication date: 10 July 2017

Alan M. Delamater, Adriana Guzman and Katherine Aparicio

The purpose of this paper is to consider mental health issues in children and adolescents with chronic illness or health conditions, including their treatment, and issues related…

1253

Abstract

Purpose

The purpose of this paper is to consider mental health issues in children and adolescents with chronic illness or health conditions, including their treatment, and issues related to delivery of services.

Design/methodology/approach

A selective review of the literature was conducted to highlight significant mental health issues and their treatment in youth with various types of chronic illness.

Findings

A significant portion of youth experience mental health problems related to their chronic health conditions. While evidence-based treatments are available to address these problems, significant barriers exist that impede the delivery of psychological and behavioral interventions for many youth.

Research limitations/implications

More controlled studies are needed to demonstrate the effectiveness and cost offset of delivering psychological and behavioral interventions for the population of youth with various types of chronic health conditions, particularly in clinical and community settings.

Social implications

Policy reform can ensure that mental health issues are effectively addressed for children with chronic illness. Policy is needed that promotes integrated health care, whereby psychological and behavioral interventions are delivered in health care settings along with medical interventions to reduce barriers to care.

Originality/value

Significant numbers of children and adolescents have chronic health conditions and many experience mental health problems related to their conditions. While evidence-based treatments are available to address these problems, significant barriers impede the delivery of psychological and behavioral interventions for many youth. Health care policy promoting integrated health care to deliver psychological and behavioral interventions in health care settings along with medical interventions should reduce barriers to care and improve both physical and mental health outcomes for youth.

Details

International Journal of Human Rights in Healthcare, vol. 10 no. 3
Type: Research Article
ISSN: 2056-4902

Keywords

Article
Publication date: 1 August 1967

WE tell our students to concentrate on policy rather than practice, and this I propose to do here. But I am sure that librarians are interested in the way in which our policy is…

Abstract

WE tell our students to concentrate on policy rather than practice, and this I propose to do here. But I am sure that librarians are interested in the way in which our policy is implemented, so there will be some account of our selection procedures. Some questions of principle will be examined as they arise from the facts given; others will be left to later sections of this paper.

Details

New Library World, vol. 69 no. 2
Type: Research Article
ISSN: 0307-4803

Article
Publication date: 1 June 2005

Bernard O’Meara and Stanley Petzall

This article is based on recent Ph.D research. The practices for appointing Vice Chancellors (VC’s) in Australian Universities were examined, together with the changing role of…

1498

Abstract

This article is based on recent Ph.D research. The practices for appointing Vice Chancellors (VC’s) in Australian Universities were examined, together with the changing role of the VC and new demographic patterns in VC backgrounds. A number of other issues were also examined, including the training and preparation of VC’s, mentoring and the changing skill base required to be effective in the role. In addition, the paradox was investigated of appointing academics from the ranks of individuals with non‐business backgrounds, to run large enterprises which are being compelled to adopt an increasingly business‐oriented focus.

Details

Management Research News, vol. 28 no. 6
Type: Research Article
ISSN: 0140-9174

Keywords

Article
Publication date: 2 December 2022

Wafa Abdelmalek and Noureddine Benlagha

This study aims to investigate the safe-haven and hedging properties of Bitcoin against a wide variety of conventional assets before and during the coronavirus disease 2019…

191

Abstract

Purpose

This study aims to investigate the safe-haven and hedging properties of Bitcoin against a wide variety of conventional assets before and during the coronavirus disease 2019 (COVID-19) pandemic.

Design/methodology/approach

This paper uses a smooth transition regression (STR) to jointly test the hedging properties of Bitcoin in normal conditions and Bitcoin's safe-haven properties in extreme stock market conditions.

Findings

Highlighting the results, the authors show that Bitcoin is able to provide safe-haven feature during the COVID-19 pandemic period while Bitcoin serves as a hedge tool in the pre-COVID-19 pandemic period. The findings also show that the prowess of the safe-haven/hedge nature is sensitive to the type of the asset market and the time horizon when switching from daily to weekly frequency data.

Originality/value

This is one of the first studies that conduct a combined analysis of the safe-haven and hedging capabilities of Bitcoin against several asset classes using an STR method. This study uses the longest sample period to yet, allowing researchers to examine Bitcoin's safe-haven and hedging features both before and after the COVID-19 pandemic.

Details

The Journal of Risk Finance, vol. 24 no. 2
Type: Research Article
ISSN: 1526-5943

Keywords

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