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Public-private partnerships (PPPs) are characterised by contracts which are necessarily incomplete due to the complexity of their contractual specifications for the contracted services combined with the long-term legal obligations they create. This creates high transaction costs including sharing (and so bearing) risks. The purpose of this paper is to investigate the link between risk sharing and governance, providing a new perspective for analysis with less emphasis on transaction costs and more on PPPs as strategic alliances.

Three main issues are analysed. First, the definition of PPP in terms of both the type of arrangements and the actors involved, structures varying from one country to another and between contracts. Second, the definition of strategic alliance, identifying which form(s) of PPP is a strategic partnership. Third, reconsideration of incomplete contract theory to identify the circumstances where a strategic alliance can accommodate high transaction costs.

The paper concludes that establishing PPPs as strategic alliances could rectify problems of incomplete contracts by implementing a multidimensional (rather than technocratic) approach to risk governance.

The contribution to knowledge provided by this study is rooted in the conceptualization of PPPs as strategic alliances by distinguishing the tangible characteristics of strategic alliance related to the letter of the contract from the intangible characteristics related to the spirit of the contract with the main purpose being to create both public and private value.

This research provides accounting-ethics authors and administrators with a benchmark for accounting-ethics research. While Bernardi and Bean (2010) considered publications in business-ethics and accounting’s top-40 journals this study considers research in eight accounting-ethics and public-interest journals, as well as, 34 business-ethics journals. We analyzed the contents of our 42 journals for the 25-year period between 1991 through 2015. This research documents the continued growth (Bernardi & Bean, 2007) of accounting-ethics research in both accounting-ethics and business-ethics journals. We provide data on the top-10 ethics authors in each doctoral year group, the top-50 ethics authors over the most recent 10, 20, and 25 years, and a distribution among ethics scholars for these periods. For the 25-year timeframe, our data indicate that only 665 (274) of the 5,125 accounting PhDs/DBAs (13.0% and 5.4% respectively) in Canada and the United States had authored or co-authored one (more than one) ethics article.

The Equal Pay Act 1970 (which came into operation on 29 December 1975) provides for an “equality clause” to be written into all contracts of employment. S.1(2) (a) of the 1970 Act (which has been amended by the Sex Discrimination Act 1975) provides:

Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Term. 37203. Mrs. Cheney does not sell the books listed here. They are available through normal trade sources. Mrs. Cheney, being a member of the editorial board of Pierian Press, will not review Pierian Press reference books in this column. Descriptions of Pierian Press reference books will be included elsewhere in this publication.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

The preliminary figures for the production of fruit in the United States of America for the year 1930 issued by the Department of Commerce, Washington, are as follows:—Apples, 163,543,000 bushel; grapes, 2,368,557 tons; peaches, 53,286,000 bushel; pears, 25,703,000 bushel; strawberries, 59,996,000 quarts; cranberries, 570,000 barrels. Assuming the bushel to be equal to fifty pounds weight (Av.), the weights of apples, peaches and pears produced are 3,650,000 tons, 1,189,000 tons, 574,000 tons respectively. The Department of Commerce has no means of intimating the proportions of fruits used for the raw, canning and preserve markets. The production of canned fruits is, however, high in the United States, a much larger proportion of the total crop of fruit being used for this purpose than is the case in this country. In the United States the fruit that is preserved is marketed either as jam, the fruit for this purpose being more or less in the form of pulp; or as preserved fruit when the fruit is whole or unbroken; or as fruit butter, which is fruit juice and fruit pulp evaporated till they form a semi‐solid homogeneous mass with or without the addition of sugar, spices, or vinegar; or as fruit jelly, which is the juice or water extract of fruit concentrated to a suitable consistency with the addition of sugar. In 1929, according to the Bureau of Census figures, the total value of the four products above named amounted to $44,073,809, or in round figures about £9,000,000. It appears that some two hundred firms are mainly engaged in the manufacture of these, a small and unknown amount being made as a kind of side line by certain wholesale grocers. It may be observed that (1) the fruit used is home grown; (2) the product, whether it be preserved fruit, jam, fruit butter or fruit jelly, has to be made in accordance with Federal or State definitions of these products; (3) the label on the pot or tin must truly describe the contents as to nature, quality and quantity; (4) that misleading statements or designs on such labels are forbidden by law. At the request of the National Preservers' Association the Bureau of Foreign and Domestic Commerce recently completed a survey of the preserving industry. The results are incomplete, as many firms did not make returns, but the figures obtained would appear to cover about 40 per cent. of those relating to the industry for the year 1929. These figures are at least useful for comparative purposes, and multiplication by 2½ is probably justifiable under the circumstances as affording some guide to the total amount. Thus the actual figures obtained by the Department for production by “major classification” are as follows:—Preserves and jams, 62,490,389 lbs.; jellies, 32,301,654 lbs.; fruit butters, 40,019,560 lbs.; citrus marmalade, 1,849,104 lbs. Total, 136,660,707 lbs. This total when multiplied by 2½ shows that something over 150,000 tons, of 2,240 lbs. to the ton, of the products mentioned above were made in 1929. If the population of the United States be 125 millions, it is certainly near that figure, the output is low compared with the output in this country; for preserves and jams very low. The deficiency in this item is offset by the high percentage compared with our figures of fruit jelly (235), and of fruit butters (30) produced. Much fruit grown in the United States is, however, absorbed by the canning industry which has been long established and has reached enormous dimensions; and also in the production of fruit juices as beverages. Again, anything but a numerical comparison, even if that be directly permissible, is to our disadvantage. For while the fruit grower in the United States finds a ready market for his crops in the markets for jam and its associated products, our fruit growers would seem to receive no such measure of encouragement from our jam makers, who purchase large quantities of cheap imported fruit pulp of questionable wholesomeness in many cases. As to the quality of the material it is safe to say that much of the jam made in the country at the present time would be refused entry into the United States. As to the kind of jam and preserve made in the United States, there are three kinds: Standard, Compound, and Imitation. In round figures 75 per cent. of the jam is of standard grade, 19 per cent. is compound, and 6 per cent. imitation. For jellies the figures are: 45·45 per cent. standard, 27 per cent. pectin and apple base, imitation 27 per cent. As to the kinds of fruit used in making jam, strawberry jam heads the list with 39 per cent. of the total; raspberry with 19 per cent. No other percentages run into double figures. The next highest is peach 8·74 per cent., the lowest is gooseberry 0·13 per cent. 78·5 per cent. by weight of the strawberry jam is of standard quality, 19 per cent. compound, 2·3 imitation; 75·5 per cent. of the raspberry jam is standard, 21 per cent. compound, 1·6 imitation. The average invoice values of these jams are as follows:—Standard strawberry jam, 17.64 cents per lb., say 9d. per lb.; compound strawberry, 7d.; imitation strawberry, 5d. The corresponding figures for raspberry being 7½d., 6½d., 5¼d. These figures being about the average invoice prices for all kinds of jams of the three qualities named. From these figures it would appear that it is possible in the United States to market strawberry and raspberry jam of a nature conforming to Dr. Johnson's definition at a fairly low price. In the United States of America there are two laws which govern the purity of the food supply. One is the Federal Law of 30th June, 1906. The Federal Law applies to the Federal District of Columbia and to Inter‐State Commerce, that is to say to goods which may be sent from one State of the Union to another State of the Union. The other laws are the State laws which have been passed by the legislatures of the various States. Before these laws were passed, manufacturers of adulterated food products were at liberty to make and sell such products in their State. These State laws are applicable only to the particular States for which they have been passed. As a general rule they are founded on the Federal Law or follow the wording of this law closely as a matter of expediency, but the various States responsible for these enactments are not bound in any way by the wording of the Federal enactments. The State Laws, however, are complementary to the Federal Law. The power of a State to protect itself against the ill‐effects of unsatisfactory food products manufactured in another and imported within its boundaries is extremely limited. This is a matter for the Federal authorities in the enforcement of the Federal Law. On the other hand the Federal Law has no power over goods manufactured in any given State for sale in that State. It is only when such goods pass from one State to another and thus become part of Inter‐State Commerce that the Federal Law has authority. Nevertheless the Federal and State officials are in close co‐operation, and a network of protective legislation covers the United States, and the laws and regulations are administered by keen and experienced legal and technical officers.

This study examines the scholarly output of accounting researchers in the periods surrounding a change in university affiliation. Our expectation that publishing activity will increase in periods around an institutional change is based on expectancy theories and informed by studies on the contract year performances of professional athletes. Using a sample of 635 accounting professors who switched universities between 2008 and 2014, the authors find evidence that accounting authors who switch universities publish more in the years around a switch compared with other years. Our research contributes to the literature on changes in university affiliation by documenting a contract year phenomenon operating within accounting academia. Practical implications for college administrators are also discussed.

WITH this issue we are commencing the twenty‐seventh year of our career as an independent Library Journal and trust that we shall carry on the tradition of our illustrious founder and continue to criticise or praise without fear or favour. During the past twelve months our editorial staff has successfully produced special numbers dealing with Bookbinding, Book Selection, Children's Departments, Classification, and Colonial Libraries. Judging by the correspondence we have received, our efforts have been greatly appreciated by the majority of our readers. Naturally we have not pleased everybody and we have even been dubbed the “little contemporary” in some quarters. However, we can point to an unbroken record of twenty‐six years' endeavour to serve the library profession and we ourselves are justly proud of the contemptible “little contemporary” that did not cease to appear even during the darkest hours of the dread war period.

Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management Volumes 8‐18; Structural Survey Volumes 8‐18.