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Article
Publication date: 14 October 2020

Michael Patrick Schaub

The aim of this paper is to reveal these problems and to derive recommendations for improvement. In the field of alcohol use disorders (AUDs), two common complaints are the large…

Abstract

Purpose

The aim of this paper is to reveal these problems and to derive recommendations for improvement. In the field of alcohol use disorders (AUDs), two common complaints are the large treatment gap that exists because only a small percentage of people with an AUD are in treatment; and the prolonged lag that typically exists between the emergence of problematic symptoms and actual on set of treatment. However, there also are no clear definitions for these terms – “treatment gap” and “treatment lag” – and, therefore, no consensus regarding how to quantify them. For this reason, it is difficult to compare the results of studies assessing either of these measures.

Design/methodology/approach

A non-systematic literature search and logical-analytical investigation was performed of immanent problems related to definitions and measurements aiming to enhance understanding in this area and derive suggestions for improvement.

Findings

The following four fundamental questions were identified: How does one operationalise the need to change substance use behaviours? Which interventions can justifiably be called treatment? Is treatment always necessary? and How regularly do patients need to be in contact with a treatment system to be considered “in treatment”? Potential approaches to answering these questions are discussed and recommendations made for future studies to determine how the treatment gap and treatment lag should be derived.

Originality/value

The derived recommendations should make the calculation of treatment gap and treatment lag more transparent and comparable between studies. They also may serve as checklists for future studies on the treatment gap and lag in the AUD field.

Details

Drugs and Alcohol Today, vol. 21 no. 1
Type: Research Article
ISSN: 1745-9265

Keywords

Article
Publication date: 27 February 2023

Michael Patrick and Nick French

The aim of this briefing is to look at the often overlooked impact of gearing (or leverage) on risk. The positive impact on equity return in a strong market is gained by…

Abstract

Purpose

The aim of this briefing is to look at the often overlooked impact of gearing (or leverage) on risk. The positive impact on equity return in a strong market is gained by increasing the overall risk of the investment and potentially negative impacts on returns in weak markets.

Design/methodology/approach

This Education Briefing is an explanation of how the addition of individual assets to a portfolio can, with gearing, impact upon the portfolio risk/return profile.

Findings

Through a simple example, this briefing shows how geared portfolios can struggle in poor markets when the servicing of the debt (at increased interest rates) can have a severe negative impact upon returns.

Practical implications

The process of borrowing at a bank rate below the return rate on an investment project can increase the equity return of the project as long as all incomes and interest rate remain at appropriate levels but when incomes fall or disappear and/or interest rates rise, the implication for the assets return and/or solvency can be highly significant.

Originality/value

This is a review of existing models.

Details

Journal of Property Investment & Finance, vol. 41 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 15 December 2020

Nick French and Michael Patrick

The aim of this study is to comment upon the relatively straightforward but often misunderstood role of gearing (or leverage) on the potential equity return of a property…

Abstract

Purpose

The aim of this study is to comment upon the relatively straightforward but often misunderstood role of gearing (or leverage) on the potential equity return of a property investment portfolio.

Design/methodology/approach

This education briefing is an explanation of the how the addition of individual assets to a portfolio can, with gearing, impact upon the portfolio return.

Findings

Although, this case study is relatively straightforward, it shows how portfolios can be geared to give enhanced returns at differing, aggregate and levels of risk.

Practical implications

The process of borrowing at a bank rate below the return rate on an investment project can increase the equity return of the project as long as all incomes and discount rate remain at appropriate levels.

Originality/value

This is a review of existing models.

Details

Journal of Property Investment & Finance, vol. 39 no. 6
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 5 September 2016

Michael Patrick and Nick French

The purpose of this paper is to discuss the use of the internal rate of return (IRR) as a principal measure of performance of investments and to highlight some of the weaknesses…

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Abstract

Purpose

The purpose of this paper is to discuss the use of the internal rate of return (IRR) as a principal measure of performance of investments and to highlight some of the weaknesses of the IRR in evaluating investments in this way.

Design/methodology/approach

This Education Briefing is an overview of the limitations of the IRR in making capital budgeting decisions. It is illustrated with a number of counter-intuitive examples.

Findings

The advantage of the IRR is that it is, on the surface, a wonderfully simple benchmark. One figure that tells a story. But, the disadvantage is that if used in isolation the IRR can give misleading results when used to assess investment proposals.

Practical implications

The IRR should be used in conjunction with other analyses to appraise projects, so that the user can determine its veracity in the context of other benchmarks. This context is particularly important when assessing investments with unusual cash flows.

Originality/value

This is a review of existing models.

Details

Journal of Property Investment & Finance, vol. 34 no. 6
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 10 October 2016

Michael William-Patrick Fortunato and Theodore Roberts Alter

This paper aims to underscore the role of culture in situating and embedding opportunistic action differently in high- and low-entrepreneurship communities in the USA. It…

Abstract

Purpose

This paper aims to underscore the role of culture in situating and embedding opportunistic action differently in high- and low-entrepreneurship communities in the USA. It challenges the idea that opportunity is either exclusively discovered or created – two themes commonly found in the literature.

Design/methodology/approach

The approach utilizes a multiple case study across one high- and one low-entrepreneurship community in rural areas in each of three states – Pennsylvania, Wisconsin and Maine. Community profiling, key informant interviews and survey analysis with entrepreneurs and local institutional actors are used to develop a greater understanding of how these individuals conceptualize and utilize opportunity in ways that lead to entrepreneurship development.

Findings

Quantitative and qualitative findings are presented supporting the idea that in these rural areas, discovery and creation fail to capture the nuances of how entrepreneurs think about opportunistic action.

Practical implications

This research offers insights for both researchers and practitioners about more effective ways to think about entrepreneurial opportunity and provides a glimpse as to how different community actors may hold different, but equally-valid, views on how opportunity arises – an idea with significant policy and practice implications.

Originality/value

The research contributes empirical support challenging the current discussion on entrepreneurial opportunity and advances the conversation as it pertains to rural entrepreneurship development using original research from the field.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 10 no. 4
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 1 April 1995

Michael S. Minor, J. Michael Patrick and Wann‐Yih Wu

Although corporate structures in Japan and, to a lesser extent Korea, have been examined in the literature, in most cases the framework is not comparative. In other cases the…

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Abstract

Although corporate structures in Japan and, to a lesser extent Korea, have been examined in the literature, in most cases the framework is not comparative. In other cases the framework is comparative, with keiretsu and chaebol compared to US conglomerates. A third foreign conglomerate, the Mexican grupo, has thus far escaped much serious attention by scholars. Attempts to compare the structure of keiretsu, chaebol, and grupo in terms of the other. Aims to identify what can be learned from comparing foreign corporate structures with other foreign corporate structures, rather than with corporate structures in the USA.

Details

Cross Cultural Management: An International Journal, vol. 2 no. 4
Type: Research Article
ISSN: 1352-7606

Book part
Publication date: 15 July 2009

A reason for this section is to present the most appropriate documents written by George's contemporaries to highlight his views and interactions toward the various Irish…

Abstract

A reason for this section is to present the most appropriate documents written by George's contemporaries to highlight his views and interactions toward the various Irish problems. An added bonus was that George was close friends with Dr. Edward McGlynn, Michael Davitt, and Patrick Ford; had associated with Bishop Thomas Nulty, James Leigh Joynes, Cardinal Henry Manning, and Charles Stewart Parnell; and had met and fought with Archbishop Michael Corrigan. With the exception of Jones, all these men were some of the more famous players on the stage in American, Irish, and English history. Bringing to the surface some important contributions by them is in itself an important historical contribution. The connection with George immeasurably enhances their significance and interest.

Details

Henry George, the Transatlantic Irish, and their Times
Type: Book
ISBN: 978-1-84855-658-4

Book part
Publication date: 15 July 2009

Ross B. Emmett and Kenneth C. Wenzer

Our Dublin correspondent telegraphed last night:

Abstract

Our Dublin correspondent telegraphed last night:

Details

Henry George, the Transatlantic Irish, and their Times
Type: Book
ISBN: 978-1-84855-658-4

Book part
Publication date: 15 July 2009

Ross B. Emmett and Kenneth C. Wenzer

The position of these Irish agitators is illogical and untenable; the remedy they propose is no remedy at all – nevertheless they are talking about the tenure of land and the…

Abstract

The position of these Irish agitators is illogical and untenable; the remedy they propose is no remedy at all – nevertheless they are talking about the tenure of land and the right to land; and thus a question of worldwide importance is coming to the front.3

Details

Henry George, the Transatlantic Irish, and their Times
Type: Book
ISBN: 978-1-84855-658-4

Article
Publication date: 1 February 1973

Interviewed by Peter Wilby

If one wanted a convenient and unoriginal label to describe Mr Roy Hattersley, Labour's new education spokesman, one could classify him as a whizz‐kid. He is young (just 40)…

Abstract

If one wanted a convenient and unoriginal label to describe Mr Roy Hattersley, Labour's new education spokesman, one could classify him as a whizz‐kid. He is young (just 40), bright, ambitious, full of ideas and anxious to get things done. He is a brilliant Parliamentary performer. He is tipped as a future Prime Minister and, therefore, has political weight. Edward Short, Michael Stewart, Patrick Gordon Walker — none of these worthy people, for reasons that we need not labour, could be described as whizz‐kids. Sir Edward Boyle of course, was young (39 when he became Minister of Education in 1962), bright and full of ideas. But he was not ambitious and did not have the professional politician's killer‐instinct. Mrs Thatcher, it is true, has many whizz‐kid qualities and she is certainly ambitious; but she is a woman and, in the Tory Party, it is still not acceptable for a woman to display such things too publicly.

Details

Education + Training, vol. 15 no. 2
Type: Research Article
ISSN: 0040-0912

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