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1 – 10 of over 1000Michael T. Friedman and Adam S. Beissel
The purpose of this paper is to reframe analyses of stadium and arena subsidization policies from perspectives centered upon economic and financial issues toward a perspective…
Abstract
Purpose
The purpose of this paper is to reframe analyses of stadium and arena subsidization policies from perspectives centered upon economic and financial issues toward a perspective focused on broader issues of urban governance and the public purposes of sports facilities. Such assessments would provide a better understanding of whether such use of public resources represents good public policy.
Design/methodology/approach
To demonstrate this, the paper uses an integrated literature review to offer a historical analysis of sport facility development within the context of the broader assumptions that shape public policy and how sports have been used toward achieving particular public goals. This history provides a foundation for an analysis of sports facility development within the current moment as cities require team owners to invest in redevelopment activities in the neighborhoods surrounding sports facilities.
Findings
This paper asserts that focusing on the economic and financial aspects of sports facility development is a perspective that is too narrow. Instead, this paper shows that a more holistic approach, beginning with the dominant mode of urban governance and how its assumptions underlie the public purposes for which stadiums and arenas are used, provides a better explanatory framework and a deeper understanding of the issue in the contemporary moment.
Originality/value
Moving beyond the question of economic efficacy, the public purpose-centered approach of this paper seeks to place subsidization policies into a broader dialog with other priorities toward maximizing the public good among the broadest population.
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David C. Smith, Larry G. Halperin and Michael Friedman
This case is taught at the University of Virginia McIntire School of Commerce in the fourth year course, “Corporate Restructuring.” The case is suitable for advanced…
Abstract
This case is taught at the University of Virginia McIntire School of Commerce in the fourth year course, “Corporate Restructuring.” The case is suitable for advanced undergraduates or MBS students that have already completed a course in corporate finance or valuation. The material would fit well in a second Corporate Finance class, particularly if the instructor would like to devote some time to discussing financial distress and restructuring. It could also work well in a business reorganization class at a law school. Danfurn LLC is a U.S. manufacturer and retailer of high-end furniture that is in financial distress following a 2007 LBO and subsequent declines in profitability in the wake of the financial crisis of 2007–08. The nearly 50-year-old company has recently blown through cash flow covenants on its $100 million senior financing facility and is seeking a restructuring of its capital structure that will allow the company to survive. Although Danfurn's lenders are hopeful that a consensual decision can be reached on how to restructure the company without resorting to a bankruptcy filing, filing for bankruptcy or even liquidating the company are very real possibilities. This case is an exercise in negotiating a consensual restructuring of a financially distressed company when stakeholders have varied incentives, legal rights, potential remedies, and interests in how the company will be managed going forward. The case discussion works best if students are divided into groups representing the different stakeholder groups—the senior lender, mezzanine lender, board, private equity owner, and founder interests—and are asked to think about how best to maximize their positions while recognizing the costs of failing to reach a negotiated outcome.
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Michael Friedman and James Gould
This article seeks to examine attitudes about direct‐to‐consumer advertising (DTCA) of prescription drugs to final users (referred to as consumers in this paper).
Abstract
Purpose
This article seeks to examine attitudes about direct‐to‐consumer advertising (DTCA) of prescription drugs to final users (referred to as consumers in this paper).
Design/methodology/approach
A national telephone survey was carried out of 300 consumers that had seen a doctor in the last six months.
Findings
Consumer awareness of DTCA continues at a very high level (96 percent) among the adult consumer population. However, the majority of consumers (53 percent) disagreed somewhat or strongly with the statement “I like seeing advertisements directed to consumers for prescription drugs.” The majority of consumers (69 percent) agree strongly or somewhat that DTCA does not provide adequate information on the risks and benefits of advertised products. It appears that the use of DTCA by pharmaceutical companies is not stimulating nearly the information‐gathering response reported in past studies.
Research limitations/implications
Small sample size makes this survey exploratory.
Practical implications
This negativism may impair the usefulness of this type of advertising in the future. As television, magazine, radio, and other traditional media become less important, the internet may become an important channel for the growth of DTCA. Given the growing negativism of consumers, it is clear that significant changes in DTCA practices are necessary. Without significant changes, DTCA may become impractical or even prohibited.
Originality/value
The article adds to longitudinal data on consumer attitudes towards DTCA. It is hoped that this study will suggest areas for subsequent research and will elaborate on the practical consequences of DTCA and its implications for public health and welfare.
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This chapter provides readers with a summary of sport sociology in the United States. It begins with a brief overview of sport in the United States before describing the…
Abstract
This chapter provides readers with a summary of sport sociology in the United States. It begins with a brief overview of sport in the United States before describing the development of the sociology of sport in the United States and some of the major contemporary patterns in sport research. They key movement in US sport sociology was the critical-cultural turn that took place during the 1980s and 1990s when critical theory and feminism became dominant approaches to research. Scholarship in the 21st century has largely developed upon that turn and is generally qualitative and cultural. Contemporary US sport sociology is a critical endeavor heavily influenced by cultural studies, post-structuralism, feminism, queer theory, critical race theory, post-colonial theory, and theories of globalization. Despite a fairly consistent approach to sport research in the United States, sport sociology remains contentious and in disunity. This chapter argues that the contention and disunity results from broader structural patterns that guide sport sociologists’ social actions.
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Do not be deceived by the apparent thinness of this book. The mere 216 pages are dense, the subject is weighty, and the print a little small. In other words, even someone already…
Abstract
Do not be deceived by the apparent thinness of this book. The mere 216 pages are dense, the subject is weighty, and the print a little small. In other words, even someone already familiar with the material at hand is going to have to slow down to take in everything that Frey has to offer here. Speaking of which – and before we get to the proper review – there is probably no one out there except for Frey who brings to the subject of economics and ethics the impressive historical breadth of this book. Beginning with the Puritans and continuing all the way through Michael Novak and Amartya Sen, America's Economic Moralists is a truly encyclopedic historical treatment of this crucial and often confusing topic.
Katherine Assante Perrotta and Joseph R. Feinberg
College instructors are entering a new frontier of teaching in the 21st century. Millennial students are bringing to university classrooms different experiences regarding the ways…
Abstract
College instructors are entering a new frontier of teaching in the 21st century. Millennial students are bringing to university classrooms different experiences regarding the ways they learn and engage in critical thinking. As online universities gain more popularity across the country, higher education institutions are offering more hybrid and distance-learning courses on the Internet match the demand for using technology for teaching and learning. This action research study evaluates how the Annenberg Media digital simulation The Constitutional Convention of 1787 effected student engagement in an undergraduate history course at a community college in a metropolitan region of the Southeast. Practical suggestions are provided for college level history instructors to adapt digital simulations for teaching curricular and content skills that foster critical thinking, digital literacy, and engaged learning.
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The purpose of this paper is to provide the author's insights about five papers written in this volume about his published work on the balanced scorecard (BSC).
Abstract
Purpose
The purpose of this paper is to provide the author's insights about five papers written in this volume about his published work on the balanced scorecard (BSC).
Design/methodology/approach
The author's comments are based on his personal writing, teaching, speaking about, and implementing the BSC during the past 20 years.
Findings
The author finds that academic commentary on the BSC often ignores its role in strategy execution.
Research limitations/implications
The commentary is unique to the author's personal experiences and may not be generalizable to other scholars who have not shared the same experiences.
Practical implications
The paper may help scholars better understand the role of the BSC for strategy formulation, communication and implementation. It may also aid them in teaching the BSC to students and executives.
Social implications
The paper discusses how the BSC can be used in public sector applications, as well as for companies that want to internalize environmental, social and community objectives in their strategies.
Originality/value
The paper reflects the personal views of the author; it is original to him.
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