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1 – 10 of over 1000
Article
Publication date: 1 June 1995

Thomas J. O'Brien, Lawrence J. Gramling and Mauricio Rodriguez

The primary and secondary market activity in collectible sportscards has evolved into that of a primitive, but organised financial market. This report reviews some aspects…

119

Abstract

The primary and secondary market activity in collectible sportscards has evolved into that of a primitive, but organised financial market. This report reviews some aspects of the collectible sportscard market. The objective of the report is to introduce the sportscard investment medium to finance professionals, including those interested in the research potential of the market. The report includes an empirical analysis of the performance of some selected sportscard portfolio strategies for the period between March 1988 and December 1993. Sportscard collecting has evolved from an adolescent hobby of the 1950s into an active national market, estimated to involve approximately $5 billion and 3 million persons and served by a network of dealers and price information suppliers. The evolution of the sportscard market into its current state is described in this presentation. The description includes an empirical analysis of the performance of some selected sportscard portfolio strategies for the period between March 1988 and December 1993. The objective of the report is to provide information to those considering collectible sportscards as an investment medium and to those who might be interested in conducting financial research with collectible sportscard pricing data.

Details

Managerial Finance, vol. 21 no. 6
Type: Research Article
ISSN: 0307-4358

Article
Publication date: 4 May 2012

Assaf Eisdorfer and Thomas J. O'Brien

While an operation's unlevered value is objective, the value of the debt tax shield is subjective since it depends on the capital structure policy of the firm that owns…

1210

Abstract

Purpose

While an operation's unlevered value is objective, the value of the debt tax shield is subjective since it depends on the capital structure policy of the firm that owns the operation. The purpose of this paper is to explore the implications of this subjective nature of debt tax shield value for corporate investment decisions.

Design/methodology/approach

The study develops a simple theoretical model.

Findings

The paper shows that even a low probability of selling a project in the future to a firm with a different tax shield value can significantly affect a project's weighted average cost of capital (WACC) and total value.

Practical implications

Managers should be aware of this issue when making corporate investment decisions.

Originality/value

This is the first study to address the implication of the subjective nature of debt tax shield value.

Details

Managerial Finance, vol. 38 no. 6
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 14 August 2018

Mohammadreza Habibi and Sharareh Kermanshachi

It is estimated that more than half of the construction industry’s projects encounter significant cost overruns and major delays, resulting in the industry having a…

1094

Abstract

Purpose

It is estimated that more than half of the construction industry’s projects encounter significant cost overruns and major delays, resulting in the industry having a tarnished reputation. Therefore, it is crucial to identify key project cost and schedule performance factors. However, despite the attempts of numerous researchers, their results have been inconsistent. Most of the literature has focused solely on the construction phase budget and time overruns; the engineering/design and procurement phase costs and schedule performances have been rarely studied. The paper aims to discuss these issues.

Design/methodology/approach

The objective of this study was primarily to identify and prioritize engineering, procurement and construction key performance factors (KPFs) and to strategize ways to prevent performance delays and cost overruns. To achieve these objectives, more than 200 peer-reviewed journal papers, conference proceedings and other scholarly publications were studied and categorized based on industry type, physical location, data collection and analysis methods.

Findings

It was concluded that both the time required to complete engineering/construction phases and the cost of completing them can be significantly affected by design changes. The two main causes of delays and cost overruns in the procurement phase are construction material shortages and price fluctuations. Other factors affecting all phases of the project are poor economic condition, equipment and labor shortages, delays in owners’ timely decision making, poor communication between stakeholders, poor site management and supervision, clients’ financial issues and severe weather conditions. A list of phase-based strategies which address the issue of time/cost overruns is presented herein.

Originality/value

The findings of this study address the potential confusion of the industry’s practitioners related to the inconsistent list of potential KPFs and their preventive measurements, and pave the way for the construction research community to conduct future performance-related studies.

Details

Engineering, Construction and Architectural Management, vol. 25 no. 8
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 7 March 2016

Shamil George Naoum

Productivity is a worldwide problem and efforts have been made over the last three decades or so to explore ways to increase the rate of productivity on construction…

7891

Abstract

Purpose

Productivity is a worldwide problem and efforts have been made over the last three decades or so to explore ways to increase the rate of productivity on construction sites. The purpose of this paper is to investigate the state of the art in productivity research and to present the findings of a survey into the factors that can impair productivity on site.

Design/methodology/approach

A literature review is structured under five general headings: pre-construction activities; activities during construction; managerial and leadership issues; motivational factors; and organizational factors. In total, 46 determinants were extracted from the above headings and were assessed by 36 main contractors.

Findings

The literature review revealed that while there has been an advancement in developing techniques and tools to improving productivity on site, more need to be done to invest in technology and innovation. The interview survey indicated that factors associated with pre-construction activities, namely, the “experience of the selected site and project managers,” “design errors,” “buildability of the design,” “project planning,” “communication,” “ leadership style” and “procurement method” as the most critical factors influencing site productivity. Other highly ranked factors are “mismanagement of material” and “the work environment.”

Research limitations/implications

The survey is based on main contractors and thus not generalized to cover other sectors of the building team such as designers and engineers.

Practical implications

Outcome of this research can be used to provide professionals and contractors guidance for focussing, acting upon and controlling the most significant factors perceived to influence the construction labor productivity (CLP) on site.

Originality/value

First, reviewed the state of the art and trends in construction productivity research. Second, primary survey with industry experts to rank the relative importance of factors that can influence CLP on site.

Details

International Journal of Productivity and Performance Management, vol. 65 no. 3
Type: Research Article
ISSN: 1741-0401

Keywords

Article
Publication date: 3 May 2016

Dubem Isaac Ikediashi and Amaka Chinweude Ogwueleka

The use of information and communication technology (ICT) for business processes has witnessed exponential growth over the past two decades. This paper aims to explore the…

1193

Abstract

Purpose

The use of information and communication technology (ICT) for business processes has witnessed exponential growth over the past two decades. This paper aims to explore the level of use of ICT infrastructure in the Nigerian construction industry and analyse the implications for construction management practice.

Design/methodology/approach

Using quantitative questionnaire survey, data from 148 respondents were analysed with the help of descriptive and inferential statistics as well as multiple regression analysis.

Findings

Findings establish project managers, site managers and quantity surveyors as the primary users of ICT with regards to the variety of ICT devices in the Nigerian construction industry, while the foremen are the least users. Besides, word processing/accounting systems, electronic communication systems and project management systems are the three top rated in terms of frequency of use, while quality as well as cost impacts of ICT infrastructure use are established as the most important factors contributing to overall project performance.

Originality/value

The study establishes causal relationships between ICT infrastructure use and project performance within the context of Nigeria’s construction industry.

Details

Journal of Engineering, Design and Technology, vol. 14 no. 2
Type: Research Article
ISSN: 1726-0531

Keywords

Article
Publication date: 1 March 1992

John Conway O'Brien

A collection of essays by a social economist seeking to balanceeconomics as a science of means with the values deemed necessary toman′s finding the good life and society…

Abstract

A collection of essays by a social economist seeking to balance economics as a science of means with the values deemed necessary to man′s finding the good life and society enduring as a civilized instrumentality. Looks for authority to great men of the past and to today′s moral philosopher: man is an ethical animal. The 13 essays are: 1. Evolutionary Economics: The End of It All? which challenges the view that Darwinism destroyed belief in a universe of purpose and design; 2. Schmoller′s Political Economy: Its Psychic, Moral and Legal Foundations, which centres on the belief that time‐honoured ethical values prevail in an economy formed by ties of common sentiment, ideas, customs and laws; 3. Adam Smith by Gustav von Schmoller – Schmoller rejects Smith′s natural law and sees him as simply spreading the message of Calvinism; 4. Pierre‐Joseph Proudhon, Socialist – Karl Marx, Communist: A Comparison; 5. Marxism and the Instauration of Man, which raises the question for Marx: is the flowering of the new man in Communist society the ultimate end to the dialectical movement of history?; 6. Ethical Progress and Economic Growth in Western Civilization; 7. Ethical Principles in American Society: An Appraisal; 8. The Ugent Need for a Consensus on Moral Values, which focuses on the real dangers inherent in there being no consensus on moral values; 9. Human Resources and the Good Society – man is not to be treated as an economic resource; man′s moral and material wellbeing is the goal; 10. The Social Economist on the Modern Dilemma: Ethical Dwarfs and Nuclear Giants, which argues that it is imperative to distinguish good from evil and to act accordingly: existentialism, situation ethics and evolutionary ethics savour of nihilism; 11. Ethical Principles: The Economist′s Quandary, which is the difficulty of balancing the claims of disinterested science and of the urge to better the human condition; 12. The Role of Government in the Advancement of Cultural Values, which discusses censorship and the funding of art against the background of the US Helms Amendment; 13. Man at the Crossroads draws earlier themes together; the author makes the case for rejecting determinism and the “operant conditioning” of the Skinner school in favour of the moral progress of autonomous man through adherence to traditional ethical values.

Details

International Journal of Social Economics, vol. 19 no. 3/4/5
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 25 September 2018

Ruwini Edirisinghe

The future construction site will be pervasive, context aware and embedded with intelligence. The purpose of this paper is to explore and define the concept of the digital…

16237

Abstract

Purpose

The future construction site will be pervasive, context aware and embedded with intelligence. The purpose of this paper is to explore and define the concept of the digital skin of the future smart construction site.

Design/methodology/approach

The paper provides a systematic and hierarchical classification of 114 articles from both industry and academia on the digital skin concept and evaluates them. The hierarchical classification is based on application areas relevant to construction, such as augmented reality, building information model-based visualisation, labour tracking, supply chain tracking, safety management, mobile equipment tracking and schedule and progress monitoring. Evaluations of the research papers were conducted based on three pillars: validation of technological feasibility, onsite application and user acceptance testing.

Findings

Technologies learned about in the literature review enabled the envisaging of the pervasive construction site of the future. The paper presents scenarios for the future context-aware construction site, including the construction worker, construction procurement management and future real-time safety management systems.

Originality/value

Based on the gaps identified by the review in the body of knowledge and on a broader analysis of technology diffusion, the paper highlights the research challenges to be overcome in the advent of digital skin. The paper recommends that researchers follow a coherent process for smart technology design, development and implementation in order to achieve this vision for the construction industry.

Details

Engineering, Construction and Architectural Management, vol. 26 no. 2
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 1 September 1900

A PILGRIMAGE to West Cornwall can be heartily recommended to any librarian in search of rest, fresh air, and complete change from the monotony of town life. Here he will…

Abstract

A PILGRIMAGE to West Cornwall can be heartily recommended to any librarian in search of rest, fresh air, and complete change from the monotony of town life. Here he will find abundance of interest and novelty in connection with the habits and customs of the ancient Britons still extant, and derive many impressions of pleasure from the magnificent rock scenery with which the coast abounds. Dairy‐farming, tin‐mining, pilchard fishing, druidical monuments, and wild flowers can also be studied with profit; and even Public Libraries, in a condition of arrested development not uncommon in other districts of England. Cornwall is pre‐eminently the county for Public Libraries. Geographically it is remote from the populous parts of England, and the Great‐Western Railway Company, with commendable forethought, have taken enormous pains to maintain this seclusion by a most pitiful and inadequate service of trains. I was once assured by the Public Librarian of Penzance that no thief would ever raid his institution, for the simple reason that it was impossible to get away quick enough to avoid detection ! A place thus difficult to get away from, is manifestly one which requires strong home interests to make it attractive, and, as theatres, music halls, and other light diversions, find little favour in Cornish towns, the Public Library, with its wealth of varied reading, is practically the only after‐dark resource left. But there are other circumstances which make Cornwall an ideal county for a liberal provision of Public Libraries. The decline of the mining industry has driven many of the men away to other centres, such as South Africa, and it is well‐known that, at the present time, more money is coming into the county from exiled sons abroad than is being made locally. There is thus an enormous surplus of that great natural reader— woman—and to her should be offered in profusion plenty of romantic and other reading as a solace and compensation for the loss of her natural companion—man.

Details

New Library World, vol. 3 no. 3
Type: Research Article
ISSN: 0307-4803

Article
Publication date: 21 June 2022

Sarah Hargreaves, Laura Sbaffi and Nigel Ford

This paper both supports previous findings relating to, and presents new insights into: the information needs and the information seeking processes of a sample of informal…

Abstract

Purpose

This paper both supports previous findings relating to, and presents new insights into: the information needs and the information seeking processes of a sample of informal caregivers of people with dementia (in relation to their own needs and the interrelated needs of the people they are caring for); the extent to which such information needs are and are not being met; and the factors facilitating and hindering access to the right information.

Design/methodology/approach

The study adopted a qualitative approach in the form of a thematic analysis of in-depth, semi-structured interviews with a sample of 20 informal caregivers from a range of different age groups, genders and caring roles.

Findings

Thematic analysis identified significant informational challenges, with a common perception that information seeking was onerous, requiring a proactive approach. Further challenges arose from a perceived lack of focus on carer needs coming up against the boundaries of professional knowledge and inconsistent information provision across the sample. Distance carers faced specific issues. A second theme of negative impacts described burdens arising from: difficulties in accessing information from a complex array of support services closure or change in services and unfulfilled information needs. Participants employed strategies to enable access to information, for example, being open about their caring role; and building formal or informal support networks. It is important to address emotional as well as cognitive dimensions of information needs.

Practical implications

This research highlights a need for health and social care, practice and policy to acknowledge and address information needs of this diverse population and build resilience. Above all, information seeking and sharing must be understood within the context of the emotional impact of caring, and recognition of these twin needs is crucial.

Originality/value

Whilst previous research has focussed on identifying specific needs and knowledge acquisition at cross-sections, a more holistic understanding of experiences is underexplored. This approach is needed to take into account broader contexts, diversity of experiences and different caring roles, e.g. primary and secondary carers, and in situ and distance carers.

Details

Journal of Documentation, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0022-0418

Keywords

1 – 10 of over 1000