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Article
Publication date: 1 May 1996

Satya Paul

Estimates a three‐equation model to test various economic hypotheses regarding the relationship between unemployment rate and defence spending in 18 OECD countries during…

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2221

Abstract

Estimates a three‐equation model to test various economic hypotheses regarding the relationship between unemployment rate and defence spending in 18 OECD countries during the period 1962‐1988. Reveals that the relationship which exists between unemployment rate and defence spending is not uniform across countries. Defence spending has a favourable impact on unemployment rate in Germany and Australia, whereas in Denmark it worsens the employment situation. In Australia, Germany and Belgium, non‐defence spending and the unemployment rate are causally independent. Defence spending appears to act as a stablization tool in response to changes in the unemployment rate only in the UK. No significant causal relationship between unemployment rate and either type of spending is revealed in Japan, The Netherlands, Italy, Spain, Austria, New Zealand, Sweden, Canada and the USA. Observes a few cases of bi‐directional causality between unemployment rate and defence/non‐defence spending. Gives possible explanations for the observed cross‐country variability in causal relation.

Details

Journal of Economic Studies, vol. 23 no. 2
Type: Research Article
ISSN: 0144-3585

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Article
Publication date: 12 October 2012

Aruna B. Bhat, Neha Verma, S. Rangnekar and M.K. Barua

This paper aims to explore the independent and interactive leadership style and team processes on organisational learning in an Indian context.

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5187

Abstract

Purpose

This paper aims to explore the independent and interactive leadership style and team processes on organisational learning in an Indian context.

Design/methodology/approach

The methodology used is survey based. Primary data were collected from 36 Indian manufacturing sector executives and in total there were three teams (n=11, n=13 and n=12).

Findings

It was found that overall leadership style and transactional leadership had significant positive impact on organisational learning. Furthermore, team processes like cohesion and support and confrontation and problem solving were also found to be important predictors of organisational learning. The interactive effect of independent variables on dependent variable was also positive and significant.

Research limitations/implications

Discussions are performed and conclusions are drawn in the light of existing literature. The study bears implications for researchers to take on similar research in other contexts.

Practical implications

The study bears significant implications for executives working in manufacturing organisations. It is suggested that transactional leadership style should be employed to contribute towards organisational learning in such firms. Moreover, the use of team processes will also help in enhancing learning at the team and organisational levels.

Originality/value

This paper identifies two significant criterion variables to predict organisational learning. It is a pioneering effort to use team processes and leadership style together as predictors of organisational learning in Indian context.

Details

Team Performance Management: An International Journal, vol. 18 no. 7/8
Type: Research Article
ISSN: 1352-7592

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Article
Publication date: 1 July 1982

A full size model of a Lynx helicopter's cockpit and rear fuselage fitted with a variety of advanced navigation and defence electronics equipment will be the central…

Abstract

A full size model of a Lynx helicopter's cockpit and rear fuselage fitted with a variety of advanced navigation and defence electronics equipment will be the central feature of the Racal Electronics exhibit at the Farnborough Air Show, 5–12 September, 1982 (Stands NN29 and R13).

Details

Aircraft Engineering and Aerospace Technology, vol. 54 no. 7
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 October 2005

Robert Falkner and Jon Gerty

To introduce and summarize the key features of market‐misconduct‐related offenses in the UK with a particular focus on insider dealing.

Abstract

Purpose

To introduce and summarize the key features of market‐misconduct‐related offenses in the UK with a particular focus on insider dealing.

Design/methodology/approach

Provides a detailed overview of: the market abuse regime of the UK's financial regulator, the Financial Services Authority (FSA),which implements the EC Market Abuse Directive; other regulatory powers used by the FSA in cases of market misconduct; and relevant criminal law offenses.

Findings

The FSA is given a broad range of powers that enable it to bring criminal or regulatory proceedings in the UK for market misconduct. The FSA's powers have thus far been used primarily within the regulatory framework, but the FSA has said that it will be prepared to pursue certain cases through the criminal courts where behavior justifies criminal rather than regulatory action. Although the two regimes are similar, there are some differences and both regimes must therefore be considered when analyzing compliance requirements or whether market misconduct has occurred.

Originality/value

This paper is an important reference for publicly traded issuers, those who recommend investments or investment strategies, and their advisors where any investment activity is carried on with the UK or involves UK markets.

Details

Journal of Investment Compliance, vol. 6 no. 4
Type: Research Article
ISSN: 1528-5812

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Article
Publication date: 1 February 1988

Anthony Clunies Ross

The assignment of targets to instruments in developing countries cannot satisfactorily follow any simple universal rule. Which approach is appropriate is influenced by…

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213

Abstract

The assignment of targets to instruments in developing countries cannot satisfactorily follow any simple universal rule. Which approach is appropriate is influenced by whether the economy is dominated by primary exports, by the importance of the domestic bond market and bank credit, by the extent of existing restriction in foreign exchange and financial markets, by the presence or absence of persistent high inflation, and by the existence or non‐existence of an active international market in the country's currency. Eighteen observations and maxims on stabilisation policy are tentatively drawn (pp. 64–8) from the material reviewed, and the maxims are partly summarised (pp. 69–71) in a schematic assignment, with variations, of targets to instruments.

Details

Journal of Economic Studies, vol. 15 no. 2
Type: Research Article
ISSN: 0144-3585

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Article
Publication date: 1 February 1982

VINE is produced at least four times a year with the object of providing up‐to‐date news of work being done in the automation of library housekeeping processes…

Abstract

VINE is produced at least four times a year with the object of providing up‐to‐date news of work being done in the automation of library housekeeping processes, principally in the UK. It is edited and substantially written by the Information Office for Library Automation based in Southampton University Library and supported by a grant from the British Library Research and Development Department. Copyright for VINE articles rests with the British Library Board, but opinions expressed in VINE do not necessarily reflect the views and policies of the British Library. The subscription for 1981 and 1982 for VINE is £20 for UK subscribers and £23 for overseas subscribers — subscription year runs from January to December.

Details

VINE, vol. 12 no. 2
Type: Research Article
ISSN: 0305-5728

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Article
Publication date: 1 February 1950

The Council of the Air Registration Board announces the issue of Notice to Licensed Aircraft Engineers and to Owners to Civil Aircraft, No. 10, Issue 4, dated January 1…

Abstract

The Council of the Air Registration Board announces the issue of Notice to Licensed Aircraft Engineers and to Owners to Civil Aircraft, No. 10, Issue 4, dated January 1, 1950, which reads as follows:

Details

Aircraft Engineering and Aerospace Technology, vol. 22 no. 2
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 1 December 1986

Joseph L. Phillips

D. Electrical Continuity and Lightening Strike Protection In metallic structure aircraft, much of the structure is often interconnected electrically via special grounding…

Abstract

D. Electrical Continuity and Lightening Strike Protection In metallic structure aircraft, much of the structure is often interconnected electrically via special grounding straps. One would think the grounding would be accomplished automatically via the aluminum rivets or titanium fasteners in the structure. Aluminum rivets, however, are anodized for corrosion protection and titanium fasteners are often coated with an aluminized paint as a barrier protection against galvanic corrosion of the structure. Both of these coatings are non‐conductive and other means such as periodic cadmium plated stainless steel fasteners or grounding straps are used. But why all the concern about electrical continuity? The reason is to avoid large differentials in electric potential between components when lightening strikes an airplane. If there is a large difference because there is no conductive flow path, the electricity will arc to the lower potential member and cause damage in the process. If this occurs within a fuel tank it could be catastrophic. Once the structure all has the same charge it proceeds to dissipate the charge back into the atmosphere.

Details

Aircraft Engineering and Aerospace Technology, vol. 58 no. 12
Type: Research Article
ISSN: 0002-2667

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Article
Publication date: 26 July 2011

Khairy A.H. Kobbacy and Sunil Vadera

The use of AI for operations management, with its ability to evolve solutions, handle uncertainty and perform optimisation continues to be a major field of research. The…

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2292

Abstract

Purpose

The use of AI for operations management, with its ability to evolve solutions, handle uncertainty and perform optimisation continues to be a major field of research. The growing body of publications over the last two decades means that it can be difficult to keep track of what has been done previously, what has worked, and what really needs to be addressed. Hence, the purpose of this paper is to present a survey of the use of AI in operations management aimed at presenting the key research themes, trends and directions of research.

Design/methodology/approach

The paper builds upon our previous survey of this field which was carried out for the ten‐year period 1995‐2004. Like the previous survey, it uses Elsevier's Science Direct database as a source. The framework and methodology adopted for the survey is kept as similar as possible to enable continuity and comparison of trends. Thus, the application categories adopted are: design; scheduling; process planning and control; and quality, maintenance and fault diagnosis. Research on utilising neural networks, case‐based reasoning (CBR), fuzzy logic (FL), knowledge‐Based systems (KBS), data mining, and hybrid AI in the four application areas are identified.

Findings

The survey categorises over 1,400 papers, identifying the uses of AI in the four categories of operations management and concludes with an analysis of the trends, gaps and directions for future research. The findings include: the trends for design and scheduling show a dramatic increase in the use of genetic algorithms since 2003 that reflect recognition of their success in these areas; there is a significant decline in research on use of KBS, reflecting their transition into practice; there is an increasing trend in the use of FL in quality, maintenance and fault diagnosis; and there are surprising gaps in the use of CBR and hybrid methods in operations management that offer opportunities for future research.

Originality/value

This is the largest and most comprehensive study to classify research on the use of AI in operations management to date. The survey and trends identified provide a useful reference point and directions for future research.

Details

Journal of Manufacturing Technology Management, vol. 22 no. 6
Type: Research Article
ISSN: 1741-038X

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Article
Publication date: 23 March 2010

Saptarshi Ghosh and Sajid Mohamed

The purpose of this paper is first, to engage in a critical examination of the broad legislative framework of the Emergency Economic Stabilization Act, 2008, in the United…

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1145

Abstract

Purpose

The purpose of this paper is first, to engage in a critical examination of the broad legislative framework of the Emergency Economic Stabilization Act, 2008, in the United States; second, to provide an in‐depth understanding the legal basis, scope and nature of the Troubled Asset Relief Program (TARP) under the Act; third, to provide a legal analysis of the oversight provisions in the new Act; fourth, to examine the powers, responsibilities, functions and roles of the various new oversight offices set up under the new Act; fifth, to assess the economic and financial impact of implementation of the programme till early 2009; and to engage in a critical discussion of the limitations and shortcomings of TARP. The central focus of the paper is largely on TARP and the issues arising from using TARP as a legislative framework to facilitate the removal of toxic assets held by the various banks and financial institutions.

Design/methodology/approach

The larger approach used in this paper is a financial law approach. It is to facilitate an in‐depth analysis of the broader framework of the Emergency Economic Stabilization Act, 2008, i.e. the legislative mechanism that establishes the TARP. The central issue of the paper is to examine the provisions in TARP in the broader context of its ability to take toxic assets off the balance sheets of banks and financial institutions. The approach, therefore, aims to aid a critical examination of the related legal, financial and economic issues arising out of the implementation of TARP. It relies extensively on official publications, testimonials and reports by various oversight bodies in the public domain, academic writings and newspaper reports to assess the impact of the programme and explore the related legal, regulatory and financial implications.

Findings

The findings in the paper relate to the impact and extent of the TARP till the present. It explores the basis, nature and scope of the implementation of the programme and outlines the various shortcomings and limitations. The paper concludes that there are various issues that need to be redressed for TARP or a similar programme to be more effective and transparent.

Research limitations/implications

Various oversight reports and recommendations by official bodies are still expected as regards various spending, accountability and transparency issues related to TARP in the coming months. A new stimulus package of $787 billion was just approved by the US Congress and signed into law (American Recovery and Reinvestment Act, 2009) at the time this article was submitted for publication consideration. The article incorporates some issues relating to the new stimulus package as well as the Geithner plan, Public Private Investment Programme (PPIP), in the concluding section. However, substantial details are yet to emerge as to how the American Recovery and Reinvestment Act, 2009, establishing the stimulus package under the Obama government and the PPIP are both going to impact the future implementation of TARP and induce economic recovery at a broader level.

Originality/value

This paper is of immense significance to academics, jurists, consultants, legislators, policy‐makers, bankers, lawyers, auditors, consultants, researchers and anyone interested in financial and banking issues.

Details

International Journal of Law and Management, vol. 52 no. 2
Type: Research Article
ISSN: 1754-243X

Keywords

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