Search results
11 – 20 of 897T.V. Grissom, M. McCord, D. McIlhatton and M. Haran
The purpose of this paper, which is the first of a two-part series, is to build upon the established research on environmental economics and sustainability theory developed by…
Abstract
Purpose
The purpose of this paper, which is the first of a two-part series, is to build upon the established research on environmental economics and sustainability theory developed by Ramsey (1928), Weitzman (2007) and Gollier (2010). The Ramsey-Weitzman-Gollier model, with the contribution of Howarth (2009) and Nordhaus (2007a, b), focuses on discount rate development for environmental and long-term assets, linking discounted utility analysis embedded in the CCAPM model of Lucas (1978) to the policy concerns associated with the valuation of public and sustainable resources. This paper further investigates these issues to the rates structure appropriate for exhaustible resources with a particular emphasis on urban land, based upon the differentiation of strong and weak form sustainability concepts constrained by the objectives of the sustainable criterion of Daly and Cobb (1994).
Design/methodology/approach
The paper integrates the concepts of discount rate development for environmental and long-term assets and discounted utility analysis to the policy concerns associated with the valuation of public and sustainable resources. It develops new theoretical insight in order to allow the theoretical formulation of discount and capitalization rates that can be empirically applied and tested.
Findings
The paper provides theoretical support for a new approach concerned with the development of capitalization and discount rates in the valuation of non-renewable resources. A key concern of valuing non-renewable or limited resource endowments (in space or time) is the problem of irreversible investment or irrevocable decision implementation as suggested by Arrow-Fisher (1974), Krautkraemer (1985) and Daly and Cobb (1994). It investigates the challenge with developing capitalization rates and valuation of depleting resources temporally, within the constraints of sustainability. To achieve this, an optimal control discounting procedure subject to a sustainable objective statement is employed – in this context it suggests that sustainability should be treated as an alternative to traditional growth and the maximization of near-term returns.
Originality/value
This paper extends the construct of developing rates structures appropriate for the valuation of exhaustible resources. It places a conceptual emphasis on urban land development. The measures developed and the insights gained may serve as a basis for future research on the optimal levels of sustainable development appropriate for different nations.
Details
Keywords
– The purpose of this paper is to present an analytical method through which a political analysis of intra and inter-organizational conflicts may be conducted.
Abstract
Purpose
The purpose of this paper is to present an analytical method through which a political analysis of intra and inter-organizational conflicts may be conducted.
Design/methodology/approach
The iterative method of data analysis the paper presents is based on a consolidation of work using Laclau and Mouffe’s discourse theory across both management and organization and social science disciplinary domains.
Findings
While the politically orientated discourse theory of Laclau and Mouffe has begun to be used by management and organization researchers, little guidance is available for how to actually conduct the analysis of data using this discourse approach. The method the paper proposes involves making explicit an analytical process for reading available textual data.
Originality/value
The value of this paper is primarily for management and organization researchers who are attracted to discourse theory but feel intimidated or confused about how to operationalize this theory into data analytic practice.
Details
Keywords
‘Why,’ asks Tom Howarth, High Master of St. Paul's, ‘is it considered an almost unspeakable human defect to have élitist tendencies?’ Either Mr Howarth is unobservant or he…
N.A.V. Piercy, L.G. Whitehead and R.A. Tyler
THE greatly increased transition Reynolds numbers now attained in the boundary layers of cylinders having favourably shaped sections have renewed interest in the solution of the…
Abstract
THE greatly increased transition Reynolds numbers now attained in the boundary layers of cylinders having favourably shaped sections have renewed interest in the solution of the equations of steady flow in a thin boundary layer. It is familiar that the scries solutions of Blasius and Hiemenz, improved by Howarth (ref. 1), and of Falkner (ref. 2) become severely restricted in range when applied to cylinders having other than bluff sections. But it appears that a series solution of substantially greater range is possible, at least for symmetrical flow, provided that the nose of the section is rounded. This problem forms the subject of Section I of the present paper.
Fábio Frezatti, David B. Carter and Marcelo F.G. Barroso
An effective management accounting information system (MAIS), as well as the accounting discourse related to it, can support, facilitate, enable, and constrain diverse business…
Abstract
Purpose
An effective management accounting information system (MAIS), as well as the accounting discourse related to it, can support, facilitate, enable, and constrain diverse business discourses. This paper aims to examine the discursive and organisational effects of an organisation accounting upon absent accounting artefacts, i.e. accounting without accounting. Situated within the discursive literature, this paper examines the construction of competing articulations of the organisation by focusing on what accounting does or does not do within an organisation. In particular, the paper acknowledges the fundamental importance of the accounting discourse in supporting, facilitating, enabling, and constraining competing organisational discourses, as it illustrates how the absence of accounting centralises power within the organisation.
Design/methodology/approach
From a rhetorical, discursive perspective, the authors develop an in-depth qualitative case study in a manufacturing organisation where MAIS has been abandoned for approximately two years. Interpretive research approaches, from a post-structural perspective, provided the base for the structure of the research. The authors studied how other organisational discourses (such as entrepreneurship and growth), which are traditionally constructed with reference to accounting and other artefacts, continued to be produced and sustained. The non-use and non-availability of management accounting information created a vacuum that needed to be filled. The lack of discursive counterpoints and counter-evidence provided by MAIS created a vacuum of information, allowing powerful, proxy discourses to prevail in the organisation, increasing risks to business management.
Findings
The absence of MAIS to support an accounting discourse requires that contingent discourses “fill in the discursive gap”. Despite appearances, they are no substitute for the accounting discourse. Thus, over time, the entrepreneurial, growth and partners' discourses lose credibility, without the corresponding use of management accounting information and its associated discourse.
Originality/value
There are at least two main contributions from the case study and the findings presented in this paper: first, they provide a new perspective for studying MAIS, as a specific organisational discourse among other discourses that shape people relationship within the organisation as an examination of accounting without accounting. Second, this discussion reinforces the relevance of accounting discourse for other organisational discourses, supporting, facilitating, enabling, and constraining them, by demonstrating the effects of its absence.
Details
Keywords
In the euro’s initial years, Greece, Ireland, Italy, Portugal and Spain observed capital flow bonanzas and credit-booms, two cycles known to precede banking crises. Domestic banks…
Abstract
In the euro’s initial years, Greece, Ireland, Italy, Portugal and Spain observed capital flow bonanzas and credit-booms, two cycles known to precede banking crises. Domestic banks fuelled those cycles via funding obtained from foreign financial institutions. Yet, these countries’ banking and financial crises have unfolded in different modes. In Ireland and Spain, credit-booms propelled real-estate bubbles, which dragged banks into crises, with governments’ accounts later being affected when rescuing banks (Spanish regional banks, and all Irish major banks). In Greece and Italy, extra monetary means perpetuated government imbalances (e.g. debt levels above 100% of GDP, large yearly deficits). More severely in Greece, banks were brought into crises by sovereign crises. In Portugal, a mixture of private and public sector–led crises have occurred. Our comparative study finds that these crises: (1) are connected to shocks and imbalances caused by dangerous banking sector cycles during the monetary integration process; (2) were not mere expansions of the US subprime crisis; (3) were not only caused by country-specific features and institutions; and (4) followed distinct paths, therefore, a uniform model encompassing all post-euro crises cannot exist.
Details
Keywords
At a meeting of the Council of the Royal Borough of Kensington on the 9th May, Councillor R. DUDLEY BAXTER, Chairman of the Law and General Purposes Committee of the Council…
Abstract
At a meeting of the Council of the Royal Borough of Kensington on the 9th May, Councillor R. DUDLEY BAXTER, Chairman of the Law and General Purposes Committee of the Council, brought up a Report as follows:—
Velinda Calvert and Mohsen Razzaghi
This paper aims to propose a new numerical method for the solution of the Blasius and magnetohydrodynamic (MHD) Falkner-Skan boundary-layer equations. The Blasius and MHD…
Abstract
Purpose
This paper aims to propose a new numerical method for the solution of the Blasius and magnetohydrodynamic (MHD) Falkner-Skan boundary-layer equations. The Blasius and MHD Falkner-Skan equations are third-order nonlinear boundary value problems on the semi-infinite domain.
Design/methodology/approach
The approach is based upon modified rational Bernoulli functions. The operational matrices of derivative and product of modified rational Bernoulli functions are presented. These matrices together with the collocation method are then utilized to reduce the solution of the Blasius and MHD Falkner-Skan boundary-layer equations to the solution of a system of algebraic equations.
Findings
The method is computationally very attractive and gives very accurate results.
Originality/value
Many problems in science and engineering are set in unbounded domains. One approach to solve these problems is based on rational functions. In this work, a new rational function is used to find solutions of the Blasius and MHD Falkner-Skan boundary-layer equations.
Details