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1 – 10 of over 1000Reports on work involved in updating a document which identified links between the Health of the Nation targets and the National Curriculum. Describes the consultation which took…
Abstract
Reports on work involved in updating a document which identified links between the Health of the Nation targets and the National Curriculum. Describes the consultation which took place to update the original and the format of the revised document. The dissemination of the updated version was well received. Concludes that the document may help to inform any forthcoming revision of the National Curriculum, in which personal, social and health education may become more explicit.
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Details components of the programmes of study within the National Curriculum which offer opportunities to contribute to personal, social and health education, along with relevant…
Abstract
Details components of the programmes of study within the National Curriculum which offer opportunities to contribute to personal, social and health education, along with relevant extracts from Curriculum Guidance 5: Health Education. This is a first analysis which the author hopes will be useful as a starting point for teachers wishing to utilize aspects of the National Curriculum to support their PSHE programme. Invites comments from others on how this work could be developed.
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P.B. Beaumont, A.W.J. Thomson and M.B. Gregory
I. INTRODUCTION In this monograph we point out and analyse various dimensions of bargaining structure, which we define broadly as the institutional configuration within which…
Abstract
I. INTRODUCTION In this monograph we point out and analyse various dimensions of bargaining structure, which we define broadly as the institutional configuration within which bargaining takes place, and attempt to provide some guidelines for management action. We look at the development, theory, and present framework of bargaining structure in Britain and then examine it in terms of choices: multi‐employer versus single employer, company versus plant level bargaining, and the various public policy issues involved.
This paper aims to examine the extent of price clustering in a selection of Islamic stocks listed in Indonesia, Malaysia and Pakistan and also investigates the determinants of the…
Abstract
Purpose
This paper aims to examine the extent of price clustering in a selection of Islamic stocks listed in Indonesia, Malaysia and Pakistan and also investigates the determinants of the phenomenon at the firm level.
Design/methodology/approach
The author test the uniformity of price distribution in the selected securities. Then, the determinants of price clustering were investigated through multivariate analysis based on a binary logistic regression model. Following the arguments of Narayan et al. (2011), who emphasize the importance of considering firm heterogeneity when studying the phenomenon, the author conducts the empirical study at the firm level.
Findings
The evidence indicates that Islamic stocks show a mild level of price clustering. Only half of the stocks under analysis rejected the uniformity test in the distribution of prices. In these cases, investors exhibited a preference for prices ending at zero and five. The evidence does not confirm the cultural clustering theories. Price clustering is found to be positively associated with price level and relative bid-ask spread. Overall, the negotiation hypothesis, which predicts that investors prefer round prices to minimize the costs associated with negotiations, best explains most of our results.
Research limitations/implications
The existence of price clustering is difficult to reconcile with the prediction of the efficient market hypothesis that prices should follow a random walk. Moreover, the evidence indicates that Muslim investors share a preference for round prices in some settings, under the assumption that Islamic stocks are mostly traded by Muslim investors.
Originality/value
To the author’s best knowledge, this is the first study to address the subject of price clustering in Islamic stocks.
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In the United States of America many employers use a polygragh and other tests to attempt to ascertain the honesty of potential employees. The history of polygraph testing with…
Abstract
In the United States of America many employers use a polygragh and other tests to attempt to ascertain the honesty of potential employees. The history of polygraph testing with all the associated difficulties is examined, as is the validity of these tests. The evidence suggests that is not difficult to fake the results.
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Júlio Lobão, Luís Pacheco and Daniel Carvalho
This paper investigates share price clustering and its determinants across Nasdaq Stockholm, Copenhagen, Helsinki, and Iceland.
Abstract
Purpose
This paper investigates share price clustering and its determinants across Nasdaq Stockholm, Copenhagen, Helsinki, and Iceland.
Design/methodology/approach
This paper investigates share price clustering and its determinants across Nasdaq Stockholm, Copenhagen, Helsinki, and Iceland. Univariate analysis confirms widespread clustering, notably favouring closing prices ending in zero. Multivariate analysis explores the impact of firm size, price level, volatility, and turnover on clustering.
Findings
Univariate analysis confirms widespread clustering, notably favouring closing prices ending in zero. Multivariate analysis explores the impact of firm size, price level, volatility, and turnover on clustering. Results reveal pervasive clustering, strengthening with higher prices and turnover but weakening with larger trade volumes, firm size, and smaller tick sizes. These empirical findings support the theoretical expectations of price negotiation and resolution hypotheses.
Practical implications
The observed clustering presents an opportunity for investors to potentially capitalize on this market anomaly and achieve supra-normal returns.
Originality/value
Price clustering, the phenomenon where certain price levels are traded more frequently, challenges the efficient market hypothesis and has been extensively studied in financial markets. However, the Scandinavian stock markets, particularly those in the Nasdaq Nordic Exchange, remain unexplored in this context.
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A much quoted observation of Phelps Brown in the late 1950s was that “when British industrial relations are compared with those of the other democracies they stand out because…
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A much quoted observation of Phelps Brown in the late 1950s was that “when British industrial relations are compared with those of the other democracies they stand out because they are so little regulated by law”. However, the position has changed so substantially since then that Lewis was able to comment that “in 1975 it would seem that the one indubitably fundamental and irreversible trend is the ever‐increasing extent of the legal regulation of the British system of industrial relations”. In view of this substantially changed state of affairs a fundamental task for industrial relations researchers to undertake is that of explaining variation in the impact of industrial relations legislation at the level of the individual employment establishment.
Graham Dietz, John Cullen and Alan Coad
The purpose of this paper is to explore a number of issues pertaining to the conceptualisation, operationalisation, feasibility and effectiveness of workplace partnership…
Abstract
Purpose
The purpose of this paper is to explore a number of issues pertaining to the conceptualisation, operationalisation, feasibility and effectiveness of workplace partnership arrangements in a non‐unionised setting.
Design/methodology/approach
The paper discusses the most common definitions of partnership to discern whether scope exists for non‐unionised forms. It then presents a detailed case study, based on 38 semi‐structured interviews with 29 interviewees, inside a non‐unionised company to analyse whether its people management arrangements conform with the definitions presented, and to examine the employees’ experience of those arrangements.
Findings
The paper notes that most partnership definitions can accommodate non‐unionised forms, if the arrangements for people management inside such firms meet certain standards on employee voice mechanisms and the exchange of mutual gains. The evidence from the case study suggests that its unusual policies and practices do conform with a viable model of non‐unionised partnership – albeit with some reservations. The benefits and concerns are discussed in the paper.
Research implications/limitations
The paper presents a credible definition and observable operationalisation of partnership for researchers to adopt. It encourages future research on the extent to which so‐called “partnership” organisations, including non‐union enterprises, comply and suggests comparative research between paired unionised and non‐unionised cases. However, it is limited to one case study.
Originality/value
The paper's primary value is in its extension of the partnership debate beyond its current “union‐only ghetto” into examining non‐unionised forms, as well. The case study is also unique in the literature as an example of non‐unionised partnership.
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Summarizes the impact on personal, social and health education of theproposed changes to the National Curriculum in the wake of the DearingReport. Finds that, although there are a…
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Summarizes the impact on personal, social and health education of the proposed changes to the National Curriculum in the wake of the Dearing Report. Finds that, although there are a few positive developments, the opportunities for health education as part of the statutory programmes of study will be considerably reduced if the draft proposals remain unchanged. Overall, links between health education and the compulsory National Curriculum have been reduced by 55 per cent. Concludes that unless links with health education are reinstated, the ability of the National Curriculum to make a significant contribution to the targets contained in the Government White Paper, The Health of the Nation, will be greatly reduced.
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Aims to guide teachers responsible for drugs education through Circular 4/95: Drug Prevention and Schools, which the Department forEducation has recently sent to all schools, as…
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Aims to guide teachers responsible for drugs education through Circular 4/95: Drug Prevention and Schools, which the Department for Education has recently sent to all schools, as well as through two other documents which the Department has made available: Drug Education: Curriculum Guidance for Schools, produced by the Schools Curriculum and Assessment Authority, and A Digest of Drug Education Resources for Schools. Poses questions for teachers to answer and suggestions for them to follow so that teachers may formulate a policy, design a programme and decide on methodology and resources appropriate to their individual institutions. Should be read in parallel with the documents, as it makes many references to them.
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