Search results
1 – 10 of 198Recent developments in technology and research have brought new innovations into the finance sector. Applying mathematics and computer science into finance has developed a…
Abstract
Recent developments in technology and research have brought new innovations into the finance sector. Applying mathematics and computer science into finance has developed a multidisciplinary financial engineering field, where new quantitative and complex financial products are supplied to investors. In this chapter, we describe financial technologies as high-frequency trade; investment vehicles as mutual, exchange-traded, and hedge funds in the finance sector with figures of past 10 years and their impact in international trade volume. Financial derivatives are innovative products where investor may mitigate risk on their domestic and international transactions. The author also discusses cryptocurrencies as an important tool in innovation.
Details
Keywords
Francis X. Diebold and Glenn D. Rudebusch
Climate change is a massive multidimensional shift. Temperature shifts, in particular, have important implications for urbanization, agriculture, health, productivity, and…
Abstract
Climate change is a massive multidimensional shift. Temperature shifts, in particular, have important implications for urbanization, agriculture, health, productivity, and poverty, among other things. While much research has documented rising mean temperature levels, the authors also examine range-based measures of daily temperature volatility. Specifically, using data for select US cities over the past half-century, the authors compare the evolving time series dynamics of the average daily temperature (AVG) and the diurnal temperature range (DTR; the difference between the daily maximum and minimum temperatures). The authors characterize trend and seasonality in these two series using linear models with time-varying coefficients. These straightforward yet flexible approximations provide evidence of evolving DTR seasonality and stable AVG seasonality.
Details
Keywords
Juliane Reinecke, Koen van Bommel and Andre Spicer
How is moral legitimacy established in pluralist contexts where multiple moral frameworks co-exist and compete? Situations of moral multiplexity complicate not only whether an…
Abstract
How is moral legitimacy established in pluralist contexts where multiple moral frameworks co-exist and compete? Situations of moral multiplexity complicate not only whether an organization or practice is legitimate but also which criteria should be used to establish moral legitimacy. We argue that moral legitimacy can be thought of as the property of a dynamic dialogical process in which relations between moral schemes are constantly (re-)negotiated through dynamic exchange with audiences. Drawing on Boltanski and Thévenot’s ‘orders of worth’ framework, we propose a process model of how three types of truces may be negotiated: transcendence, compromise, antagonism. While each can create moral legitimacy in pluralistic contexts, legitimacy is not a binary variable but varying in degrees of scope and certainty.
Details
Keywords
Donna Mitchell, Darren Hudson, Riley Post, Patrick Bell and Ryan B. Williams
The objective of this chapter is to discuss the pathways between climate, water, food, and conflict. Areas that are exhibiting food insecurity or have the potential to be food…
Abstract
Purpose
The objective of this chapter is to discuss the pathways between climate, water, food, and conflict. Areas that are exhibiting food insecurity or have the potential to be food insecure are typically located in areas that experience poverty and government corruption. Higher rates of conflict occur in areas with lower caloric intake and poor nutrition.
Methodology/approach
We identify key pathways between these variables and discuss intervening factors and compound effects.
Findings
The pathways between water, food security, and conflict are complicated and are influenced by many intervening factors. A critical examination of the literature and an in-depth analysis of the reasons for conflict suggest that food insecurity is a multiplier, or facilitator, of the opportunities for and benefits from conflict.
Practical implications
To most effectively reduce the risks of conflict, policies must adequately and simultaneously address each of the four dimensions of food security – availability, stability, utilization, and access. Careful attention to alleviating food insecurity will help alleviate some of the underlying rationale for conflict.
Details
Keywords
Chantale Mailhot and Ann Langley
This article draws on the literature on valuation and evaluation and the orders of worth framework to consider the process of knowledge commercialization from academia to…
Abstract
This article draws on the literature on valuation and evaluation and the orders of worth framework to consider the process of knowledge commercialization from academia to practice. Based on the study of two knowledge commercialization projects in a business school, the study contributes by showing how the orders of worth framework may assist in understanding the assignment of worth to knowledge-based objects in the context of multiple and potentially competing systems of valuation. The study also adds to the literature on the orders of worth framework by showing how “composite objects” or “assemblages” that achieve compromise or synergy (i.e., mutual reinforcement) between different value systems may be constructed and potentially sustained.
Details
Keywords
Charlotte Benson and Edward J. Clay
Two worldwide trends in recent decades are commonly noted and sometimes linked in discussing disasters. First, the reported global cost of natural disasters has risen…
Abstract
Two worldwide trends in recent decades are commonly noted and sometimes linked in discussing disasters. First, the reported global cost of natural disasters has risen significantly, with a 14-fold increase between the 1950s and 1990s (Munich Re, 1999). During the 1990s, major natural catastrophes are reported to have resulted in economic losses averaging an estimated US$ 54 billion per annum (in 1999 prices) (ibid). Record losses of some US$ 198 billion were recorded in 1995, the year of the Kobe earthquake – equivalent to 0.7 percent of global gross domestic product (GDP) (ibid).
Stéphane Jaumier and Thibault Daudigeos
Past research on collectivist-democratic organizations has attributed their distinctiveness to their socio-political goals and democratic decision-making and largely ignored their…
Abstract
Past research on collectivist-democratic organizations has attributed their distinctiveness to their socio-political goals and democratic decision-making and largely ignored their work processes. This ethnographic study examines how such organizations resist alienating forms of work even in the face of direct competition with for-profit companies. It focuses on Scopix, a French cooperative sheet-metal factory where the first author spent one year as a shop-floor worker. Cooperators there developed various practices to retain an emancipatory dimension to their work, regularly putting forward “craft ethics” as a counterweight to the sheet-metal industry’s drive to rationalize work processes. Drawing on the sociology of worth, the authors analyze how these practices emerged from the arrangements that workers made between the industrial world on the one side and the domestic and inspired worlds on the other. This study contributes to the literature into two main ways. First, the authors refine the sociology-of-worth framework by conceptualizing the emancipatory dimension of work as the result of ad hoc arrangements between different worlds. Second, the authors highlight the need for the literature on collectivist-democratic organizations to increase its focus on work, introducing the concept of work degeneration as a step in that direction.
Details