Search results

The paper has two aims: to consider the volatility of the covenant strength risk ratings among the top 25 retailers in the UK over the period 2002 to 2006 and to devise a risk scoring model for evaluating covenant strength in shopping centres.

In a shopping centre the risk of tenant default on rental payments is spread over a number of tenants. It is often imagined that this is well diversified risk, but between shopping centres there are differences in the tenant mix and thus in the overall reliability of the cash flow of the investment. However, often information on the overall covenant strength risk score is not available and important differences between shopping centres ignored. This paper analyses credit risk scores of the top 25 retailers in the UK over the period 2002 to 2006 using data supplied by ICC. In addition, case studies of three shopping centres are used to illustrate the use of a covenant strength risk scoring model.

The analysis demonstrates that within the top 25 retailers significant variations in covenant strength present financial risks to investors highlighting the added value that credit reporting can provide for clients. In addition, the case studies emphasise how tenant change and vacancies can impact the overall risk profile of shopping centres, a finding that would have added significance in secondary locations.

The methodology could be applied by investors to give an overall view of the default risk of a multi‐let investment and allow comparison between shopping centres facilitating dynamic analysis on an ongoing basis.

The explicit contribution of risk factors, such as covenant strength, to the initial yield does not have a major coverage in the literature. This analysis has the potential to identify at an early stage areas of potential default and thus enhance the decision‐making process.

The work of academics has intensified, but the focus for most remains on teaching, research and contribution to service. Institutional imperatives and positioning within universities impact significantly on how individual academics fashion themselves to fit with expectations and demands. There is, of course, no simple version of scholarly identity and Barnett (2000) called attention to the ‘super complexity’ of academic work some time ago. ‘Scholarly’ has been deliberately used in the title of this chapter, even though ‘academic’ is also used throughout. The purpose here is to draw attention to – and avoid – the binary that Stuart Hall notes: Academic work is inherently conservative in as much as it seeks, first, to fulfill the relatively narrow and policed goals and interests of a given discipline or profession and, second, to fulfill the increasingly corporatized mission of higher education; intellectual work, in contrast is relentlessly critical, self-critical, and potentially revolutionary for it aims to critique, change, and even destroy institutions, disciplines and professions that rationalize exploitation, inequality and injustice. (reported in Olsen & Worsham, 2003, p. 13)

The purpose of this paper is to disclose the author’s personal experiences regarding the war on drugs, specifically detailing cannabis encounters.

This work is autobiographical, with notes of science-based fact.

Cannabis could be the gateway to the end of the war on drugs.

The hope for this publication is to explain some of the author’s hope is that by sharing the author’s personal story, people will rally behind the cause of cannabis legalisation and legitimisation; resources are included at the bottom of the document.

It is the author’s story, so hopefully it is original.

Established corporate brand research has two significant weaknesses. The first is the lack of empirically based research behind the theory. The second is the “over‐quantification” of research methods to deal with marketing topics concerning consumers” beliefs, perceptions and values. Additionally, high‐tech corporate brands are rarely the basis of brand research. This study explores consumer reactions to technical brands to draw inferences and build more effective brand strategies. The mobile phone market is selected to represent a high‐tech consumer market. In‐depth interviews guided by the principal of personal construct theory and using the laddering technique (Kelly, G.A., The Psychology of Personal Constructs, Norton, New York, NY, 1955) are used. Two polar groups of consumers are selected as respondents. The findings reveal three shared key dimensions of brand value that are relevant in this type of market. The nature and relative importance of these dimensions are outlined. The evidence indicates that perceptions of corporate “credibility” are based on emotional and experiential associations rather than on more obvious, rational ones.

The purpose of this paper is to propose a conceptual comparative framework measuring the implementation of corporate social responsibility (CSR) within the UK conference sector.

A self‐administered internet‐based survey was conducted to examine the implementation of ten environmental policy initiatives, expressed by the acronym “GREENER”, using a CSR response scale, expressed by the acronym “VENUE”.

The greatest proportion of UK venues can be classified as “Eager”, with a quarter of respondents being deemed as “Unmotivated” or in “Eternal denial” regarding their implementation of CSR. It was also found that both size of venue space and venue type have significant effects on the level of CSR implementation.

Environmental performance indicators are not the only components of CSR, there are others, including social, economic and ethical. Further research may expand the framework from a uni‐dimensional environmental framework to a multi‐dimensional framework, through the inclusion of some or all of these CSR components.

The GREENER VENUE framework contributes to two important areas hitherto overlooked in the CSR literature: first, it develops a framework with emphasis toward discretionary practices and illustrates the strength of this method through application to the sizeable and rapidly growing UK conference industry. Second, the framework exhibits conceptual and psychometric properties that enable its application to broad and diverse contexts. It is theoretically grounded but at the same time practical, easy to implement, easily understandable and highly relatable to organisational managers, frontline employees and many other key stakeholders of any industry.

Medical and nursing students are often anxious about communicating with patients with mental health problems, even when they have received general communication skills training. Communication is particularly challenging when patients are compulsorily admitted to hospital. The study reported here sought to explore medical and nursing students' attitudes to this challenge, stimulated by watching a DVD illustrating professional‐patient communications in this situation. Facilitated discussions of the DVD were recorded and the transcripts were thematically analysed. A strong commitment to three underlying principles of patient‐centred care emerged.1. A preference for egalitarian over authoritarian relationships between patients and professionals.2. A preference for empathetic over bureaucratic approaches to patients.3. Respect for patients as autonomous beings.Students seemed less aware of the need for clear and effective communication of information, and some appear confused about patient‐professional boundaries.

Purpose – The numbers of health care transparency initiatives are increasing. Despite the growing availability of quality data, there seems to be a shortage of evidence about the effects and effectiveness of such initiatives. The aim of this systematic review is to document the effects of transparency, defined as the public release of quality performance data, on hospital care outcomes.

Design/methodology/approach – Through a review of the literature, we chose 46 keywords to use in our searches and focused on empirical studies published in English between 2010 and 2015. The use of combinations of these keywords in searches of four databases (PubMed, Scopus, Web of Science, and the Cochrane Library) generated 13,849 publications. The removal of duplicates and exclusion of studies that were not empirical or not relevant to transparency and quality resulted in 39 studies to be reviewed.

Findings – Our review of the literature confirmed the growth of health care transparency efforts, led by the United States, and found mixed results regarding the effects of transparency on hospital care outcomes. For example, mortality, the most frequently researched performance measure (n = 15), exhibited this mixed pattern by having studies showing a reduction (n = 4), increase (n = 1), mixed findings (n = 4), and no significant relationship (n = 6) as a result of public release. We also found a limited number of articles related to unintended consequences of public reporting. When compared with earlier systematic reviews, there seems to be a trend in the reduction of unintended consequences. Therefore, we recommend exploration of this potential trend in future studies empirically.

Practical Implications – The research findings summarized in this systematic review can be used to understand the results of existing transparency efforts and to develop future transparency initiatives that may better enhance hospital quality performance.

Originality/value – This is the latest and most comprehensive systematic review summarizing the effects of transparency of quality metrics on hospital care outcomes.