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Urbanization usually involves gentrification. Gentrification implies revitalization whereby housing becomes more up-market. This aim of this study is to ascertain whether conversion of tenure from rent to cooperative ownership might initiate a gentrification process. The focus is on the socio-economic composition of individuals living in the converted residential properties. The degree of gentrification is determined by the extent to which the original tenants are replaced by individuals with more resources.

The analysis is limited to the distinct of Östermalm in Stockholm city. The quantitative analysis is based on a longitudinal database, Geosweden, covering the total Swedish population in 1990-2000.

Östermalm is an inner city district with 60,000 inhabitants and a higher share of converted dwellings than any other district in Stockholm. About 2,300 dwellings were converted between 1991 and 1996. Limited indications of social change can be identified during the conversion.

The conversion was completed in 1995. All indicators of gentrification point to social change through residential mobility in 1995-2000. Individuals who moved into the converted properties had more disposable income than those who moved out or stayed in 1995-2000. They also had higher levels of education. The results also point to families with children as a new group of gentrifiers.

Since 1969, the Moroccan government has worked to convert irrigated collective land in the Gharb region into individual freehold tenure through cadastral, registration, and titling processes. The first titles were issued in 2017, the same year that a new compact between the Government of Morocco and the Millennium Challenge Corporation, a US foreign aid agency, entered into force to develop a streamlined privatization process for collective lands. In this chapter, I adopt the analytic of assemblage to investigate the historical construction of administrative frameworks, material landscapes, and systems of practice governing access to collective land. I assert that the shifting arrangements of sociomaterial relations related to collective land access in the Gharb have continuously assembled new practices of land access legible to state and market actors at a wider scale. This legibility was produced by administrative reforms and the deployment of new forms of knowledge production in the form of cadastral maps and titles deeds, which have worked to formalize and individualize access to collective land in the Gharb. The logic of legibility smooths the contradictions between the diverse objectives of state actors, including rural development to improve economic livelihoods, pursuit of a neoliberal development strategy focused on commodification and marketization of land, and the evolution of a patronage system that exchanges economic gain for political support.

The purpose of this study is to investigate the impact of corporate governance on working capital management efficiency. This study also seeks to extend the findings of Gill and Shah.

This study applied a co‐relational research design. A sample was selected of 180 American manufacturing firms listed on the New York Stock Exchange (NYSE) for a period of 3 years (from 2009‐2011).

The findings of this study indicate that corporate governance plays some role in improving the efficiency of working capital management.

This is a co‐relational study that investigated the association between corporate governance and working capital management efficiency. There is not necessarily a causal relationship between the two, although the paper provides some conjectures to the findings. The findings of this study may only be generalized to firms similar to those that were included in this research.

This study contributes to the literature on the factors that improve the efficiency of working capital management, and in particular on the association between several features of corporate governance and the efficiency of working capital management. The findings may be useful for financial managers, investors, financial management consultants, and other stakeholders.

The purpose of this paper is to expand the understanding of the “front end” of innovation by examining the influence of top executives, who allocate the resources and cultivate the culture in which inventions are born, on the innovation process.

This paper suggests that the effect of executives on innovation can be better understood by explicitly separating innovation into the component processes of invention and commercialization. This allows us to consider how executive characteristics might have a different effect on technology development outcomes than they do on the subsequent transformation of those technologies into new products. The theory is tested on a sample of firms from the biomedical device industry.

The findings indicate that top management team (TMT) age and tenure have no effect on the type of technologies a firm develops (radical vs incremental) but do significantly affect the efficiency with which new technologies are turned into new products in some contexts. TMT heterogeneity affects both the type of technologies developed in the firm and also their transformation to new products. Interestingly, the effect of executives on commercialization depends on the type of underlying technologies which the firm has developed.

This paper contributes to the literatures on TMTs and innovation by offering a more granular explanation of how executives differentially impact the disaggregated stages of the innovation process, and thus also contributes to knowledge of the long-term innovation performance implications of executive leadership.

The purpose of this paper is to describe and critically review the new tenure arrangements that have been established to recognise Māori relationship with land (Te Urewera) and river (Whanganui River), to ascribe them their own legal personality.

The paper describes the development of the legal arrangements in Aotearoa, New Zealand, for Treaty settlements with Māori, and documents the various forms of rights and divisions of space that are changing the face of property institutions.

The paper finds that the acknowledgement of land and nature as having their own legal status and, therefore, owned by themselves is bold and innovative, but is still not a full recognition of customary tenure. The recognition of rivers as indivisible entities is stated but not clearly implemented.

Māori interests and authority are now more clearly articulated, and Māori may expect to be able to engage in customary practices and restore their traditional relationships with their land more explicitly.

The avoidance of an ownership regime has tempered public concerns about issues such as ownership of flowing water. The formalities are still being completed in the case of the Whanganui River, so the full implications are yet to be felt.

This is an innovative development in tenure arrangements seen by some as providing for the rights of nature, but actually responding to the rights of the Indigenous people. This article may inform others about possible models for more diverse tenure arrangements elsewhere.

The global biofuels sector has expanded rapidly in the past decade, with feedstock expansion penetrating many tropical areas. While the emerging demand for biofuels represents an opportunity for developing countries, it also poses a host of social and environmental risks. Large investments are needed to finance expansion of biofuel and feedstock production, suggesting that the financial sector may have a crucial role to play in mitigating these risks. This paper seeks to explore the role of financiers in expanding biofuel feedstock production and refining in tropical forest‐rich countries of Africa, Asia and Latin America to better understand the role and future potential of responsible finance in the biofuel sector.

The analysis draws on published data and reports from academia, industry, governments, civil society and the press, to quantify the magnitude and source of investments made from 2000‐2010 in 16 countries sampled from “ecoregions” subject to high rates of forest conversion, weak land tenure institutions, and vulnerable communities.

It is found that the case study countries received USD 5.3‐7.3 billion for feedstock production and USD 5.7‐6.7 billion for biofuel refining between 2000 and 2009. This was financed by a mix of entrepreneurs, private banks, investors, governments and multilateral banks. While no clear patterns emerge, foreign banks and institutional investors rank as “important” for most feedstocks and regions. Multilateral banks and domestic institutional investors seem to be the least important. Few financiers have criteria in place in order to ensure sustainable investing practices, and those who do tend to have policies of limited quality.

While much has been written on biofuel sustainability and governance, there is little research that delineates the nature of investment and finance in the sector.

Valuation for compensation on land and buildings compulsorily acquired for public purposes is statutory. The Land Use Act (LUA) of 1978 now cited as Laws of the Federation of Nigeria, CAP l5 LFN 2007, stipulates the use of Depreciated Replacement Cost (DRC) Method in the valuation for compensation purposes for building and installation. The purpose of this paper is to criticize the application of the DRC technique in the valuation by acquiring authority as it does not arrive at fair market value and adequate compensation in Nigeria.

The method adopted for the study was a case study of real world valuation for compensation. Data used in the study were gathered mainly from government ministries and agencies responsible for land acquisition and compensation purposes. They included the Ministry of Lands and Housing, Land Use and Allocation Committee, and Ministry of Works and Transport. Market data on rental value, sales prices and other relevant data were collected from firms of professional that deal in real property.

The result of the study reveals that valuation by acquiring authority using DRC methods as prescribed by the LUA does not reflect market value and it is inadequate to put the claimants in the position they were before the acquisition. As such, most victims expressed dissatisfaction with the amount paid to them, which sometimes result to crisis, conflict and prolonged litigation, resulting in delay in executing or abandonment of the intended project.

The study is limited to only one case study on acquisition and compensation for land and buildings with particular reference to Akwa Ibom State. This limitation does not invalidate the result as the law is applicable to the whole country.

The implication is that the LUA needs to be review to fair market value as basis of valuation and payment for site value as well as the constitution to add “adequate” to Section 44 (1a). This will reduce the incidence of many communities and land owners protest against the decision of government or its agents to acquire their land for public purposes.

The methodology meets the requirement of the law regarding compulsory land acquisition and compensation in Nigeria: The LUA of 1978. Using three scenarios: the valuation by acquiring authority, claimant’s valuers and independent valuers to illustrate the critique of the methodology, the result shows the inadequacy of compensation.

Over the past decades, residential mobility has received a good deal of attention in the academic world. However, its mutual relationship with urban change has a more recent history. Even so, an increasing number of academic researchers and policy makers who focus on housing processes and urban transformations realize the importance of linking the two together. This is exactly what this special issue is about. Starting from the perspective of one of the working groups of the European Network for Housing Research - the migration, residential mobility, and housing policy group (http://www.enhr.ibf.uu.se), we plan to relate the knowledge on migration and residential mobility to the knowledge of processes of urban change. A range of papers on this topic was presented during the ENHR conference in Cambridge in the summer of 2004.