Is Integrated Reporting the silver bullet of financial communication? A stakeholder perspective from South Africa

Companies are being forced to critically re-evaluate how they communicate their financial information to stakeholders. Integrated Reporting, as mandated by the King III Report seeks to combine the reporting of financial and nonfinancial performance measures in a way that promotes corporate strategy. South Africa is leading the way in corporate governance and financial reporting with the first large-scale adoption of Integrated Reporting by listed companies. While there is a marked increase in financial communication from companies, it is not clear how all stakeholders use and value this information. The primary aim of this paper was to investigate how financial information is consumed within the ambit of the new financial reporting standards. Through a national online survey, this study found that very few stakeholders use the Integrated Reports as their main source of financial and investment information, and that these reports are seen as additional information. Annual and interim financial reports by companies are still the mainstay for corporate financial information. While stakeholders currently seldom use the Internet for financial information, they have indicated that they would increasingly prefer to do so. The paper concludes with a discussion of opportunities and challenges that future Integrated Reporting faces based on these findings.     

Does foreign bank entry contribute to financial development? Examining the role of income thresholds

This article examines the relationship between foreign bank entry and financial development in a panel framework covering 57 emerging market and developing economies (EMDEs) between 1995 and 2009. Using various measures of financial sector deepening, the article also explores the degree to which the relationship between foreign bank entry and financial sector depth varies by different income thresholds of the EMDEs. The empirical findings suggest that while foreign banks have a direct positive impact in furthering financial depth, the marginal effects of foreign bank entry diminish over time with greater levels of economic development. In other words, the impact of foreign bank entry tends to diminish as the per capita income of the country rises.     

Is Work-Family Policy Use Related to the Gendered Division of Housework?

Researchers have proposed that work-family policy use may either reinforce or challenge the existing gendered division of labor within couples, but results from prior studies have been inconclusive. Using data from a regional survey of work and family life, we extend this research by focusing on how housework is divided within couples and by differentiating between traditionally female- and male- typed housework tasks. Results show that among dual-earning women, policy use is not related to share of female- or male-typed tasks. Among dual-earning men, policy use is positively related to share of female-typed tasks and negatively related to share of male-typed tasks. These findings suggest that work-family policy use does not reinforce the gendered division of housework.

Too much information? Predictors of information overload in the context of online news exposure

As the Internet provides massive amounts of heterogeneous information, people may perceive this medium as challenging. The difficulty to evaluate and select relevant information increases as more and more diverse sources and content are available. Information overload (IO) may be the consequence. The research presented here gives a first comprehensive overview of possible indicators for IO in the context of online news exposure. Based on an online survey (N=419), we found that younger people with less information-seeking self-efficacy were more susceptible to experience IO. Additionally, we identified motivations for media consumption and information retrieval strategies in the Internet that imply IO. With our results, we contribute to a further understanding of IO and provide an important basis for future research needed to face the challenges resulting from the rising media diversity.     

Reaping the benefits of sickness? Long-term illness and the experience of welfare claims

This article documents the experience of people with myalgic encephalomyelitis (ME) in claiming sickness-related benefits in the United Kingdom. Based on responses to an enquiry on an email noticeboard, it focuses on the work and stress involved in making a claim; the felt stigma of being a claimant; and the strong desire to return to paid employment. The paper also notes the lack of documentation of the experience of making claims for, and of living as, a claimant of these benefits, and argues for the importance of research in this area, especially given that tightened criteria are currently generating even greater anxiety and risk of impoverishment.     

Self-reports of information seeking: Is social desirability in play?

Social desirability, the likelihood of individuals to overreport behaviors they perceive to be approved by others, is often cited as a limitation in research but rarely controlled in a systematic manner. Social desirability can influence self-reported behaviors (e.g., voting behavior) and communication variables (e.g., argumentativeness). Information seeking may be susceptible to the effects of social desirability as knowledge and information are generally desired, and thus may be prone to overreporting. This article presents results from two online, information-seeking tracking studies investigating the influence of social desirability on self-reported information seeking. Participants indicated how much time they actually spent seeking information on a website. Unbeknownst to participants, their website use was being tracked using Google Analytics. This article compares actual time spent seeking information to reported information-seeking time. Results suggest that participants overreport information seeking in these two studies; social desirability may explain this result.     

Evaluating the benefits and costs of regulatory reforms: what questions need to be asked?

In 1984, Portney argued that "[w]e should scrutinize proposed reforms of the rulemaking process every bit as carefully as the regulations that process produces." In the 23 years since then, the regulatory process on the federal level has been continuously reformed by statute, by executive order, and by directives from the OMB. Despite the extensive debate on the need for these reforms, there has been very little analysis of the reforms themselves. This paper updates Portney's work on analyzing cost-benefit analysis and expands it to evaluate reforms of the regulatory process. I use as my primary example the recent peer-review guidelines issued by OMB. I argue that we may have reached a point of diminishing returns in regulatory reforms, that the peer-review guidelines likely have costs that exceed their benefits, and that further regulatory reforms merit closer evaluation.     

Testing the acculturation of the 1.5 generation in the United States: Is there a “critical” age of migration?

Review of Economics of the Household - Existing research shows that on average first-generation immigrants earn less than native-born workers in the United States, especially during their first...     

How did the financial crisis affect the transnationality of the global financial elite? One step forward and one step back

Over the last few decades, transnational elite formation progressed hand in hand with a deterioration in national business elites. Most studies regard this process as progressive and linear. However, we argue that transnational elite formation is subject to a variety of opposing forces, and the assumed progression is not a given fact. As an intriguing case, we analyse the financial business elite with a focus on the financial crisis of 2008. This international event had substantial ramifications, including a possible external shock to transnational elite formation. To study the consequences of the crisis, we collected the board composition data of the 48 largest transnational financial companies for the period 2006–11. Changes in board composition show opposing effects. For example, transnationality increased during the crisis, but reversals appeared when national governments intervened.     

Is there a need for a theory of urban ecology?

Although urban ecosystems are governed by the same ecological laws as rural ecosystems, the relative importance of certain ecological patterns and processes differs between the two types of ecosystems. For instance, as compared to rural areas, urban habitats are usually more islandlike, more often represent early successional stages, and more easily invaded by alien species. All these features are results of the intense human influence on urban landscapes. The question then arises whether a distinct theory of urban ecology is needed for understanding ecological patterns and processes in the urban setting. The answer is no, because urban ecosystems can be successfully studied using existing ecological theories, such as the metapopulation theory. However, due to the intense human presence approaches that include the human aspect are useful in studying urban systems. For instance, the human ecosystem model, which emphasizes human impact by identifying social components with connections to ecology, is a useful approach in urban studies. This model, combined with the urban–rural gradient approach, forms an effective tool for studying key ecological features of urban ecosystems. Better understanding of these features would increase our ability to predict changes that land use causes in urban ecosystems, and would help to integrate ecology better into urban planning.     

Is the future of unionism in cyberspace?

V. Conclusions Cyber technology has been proposed as the panacea for the troubled Old Unionism, the expansion of the New Unionism, and to promote the political power of the Labor Movement. In furtherance of those objectives, the AFL-CIO created a web site on December 1, 2000, workingfamilies.com. The site is intended to provide 17 million union members and retirees access to the Internet; the Federation also offers them computers at low cost. The AFL-CIO’s web is intended to link the union’s members to each other, offer discussion forums, chat rooms, and e-mail networks which will allow workers to talk to each other regularly and mobilize their workplaces and communities for causes endorsed by the Federation (World Future Society, February, 2000). The new service is an extension of the Union Privilege Benefit Programs set up by the Federation during the 1980s as a way of reversing the unions’ faltering membership. Those programs include reduced attorney fees, lower cost life and accident insurance, participation in a motor-club, car-repair, and travel-club services, a Walt Disney World Hotel Discount, a parents’ college advisor, reduced cost for educational books and software, mortgage and real estate advice, and a dental program. The original package was offered to nonmembers for a small fee who become "associate members." It was hoped that the associate participants would become full members. A number of affiliated unions adopted similar programs. In 1995, the Federation added a credit card issued by Household International and for which it received $75 million each year for five years ending in 2000. The card has no annual fee and low monthly interest charges. How the Federation spent these sums is unknown.     

Is It Good to be Gifted? The Social Construction of the Gifted Child

There is growing evidence that children labelled as academically gifted are subjected to negative attitudes from others and that this impacts on their self‐esteem and motivation to succeed. Through an analysis of British newspaper stories about gifted children, this article explores the socially constructed nature of the concept of the ‘gifted child’ and finds that children identified as gifted academically are framed more negatively than those who are exceptionally able in music or sport. The article questions the growing practice of labelling children as academically gifted in English schools given the negative stereotypes that surround this classification.     

Is there evidence to show that fetal alcohol syndrome can be prevented?

Fetal Alcohol Syndrome (FAS) is currently the major cause of mental retardation in the Western world. Since FAS is not a natural phenomenon and is created by mixing alcohol and pregnancy, the solution to decreasing the incidence of all alcohol-related birth defects is therefore entirely preventable. To date, little is known about the effectiveness of prevention programs in reducing the incidence of FAS. Therefore, it is the intention of this article to review the effectiveness of prevention programs in lowering the incidence of FAS. The present review revealed that prevention programs, to date, have been successful in raising awareness of FAS levels across the groups examined. However, this awareness has not been translated into behavioral changes in "high risk" drinkers as consumption levels in this group have decreased only marginally, indicating prevention programs have had minimal or no impact in lowering the incidence of FAS. Urgent steps must now be taken to fully test prevention programs, and find new strategies involving both sexes, to reduce and ultimately eliminate the incidence of FAS.     

Is the Grass Greener on the Other Side of the River?

No abstract available for this article.     

General and specific measures of alienation: Is there a difference?

Nisbet and Perrin (1977) suggest that of the two types of alienation, general and specific, the latter is more prevalent. This paper examines differences between general and specific measures of alienation by breaking each into three component parts: powerlessness, self‐estrangement, and anomia. Results of tests to determine whether specific and general alienation are novel traits are mixed; the general and specific powerlessness measures are found to be more different from each other than are the measures of self‐estrangement and anomia. When the reported extent of general alienation and specific alienation is compared, all specific types are significantly greater. Finally, general measures of alienation correlate more strongly with measures of general phenomena than with specific phenomena, while specific measures of alienation correlate more strongly with measures of specific phenomena than with general phenomena.     

What is the purpose? Caseworkers’ perception of performance information

Caseworkers in welfare organisations play a pivotal part in the production of performance information (PI), since the information they record determines the quality of the PI. Previous studies have demonstrated how tasks that are considered illegitimate are stressful for the professionals performing them and are not performed properly. Caseworkers’ perception of the PI, which their recordings feed into, must therefore be of great importance with regard to how the caseworkers perform the task of recording. From a qualitative study of the production and use of PI in municipal disability services in Denmark, we gained insight into how caseworkers perceived the purposes of PI. We conclude that PI used in the planning of services to meet clients’ needs is recognised as a legitimate purpose. The distance between the manager and caseworkers seems to be important for the degree of understanding of the purpose of the tasks: The shorter the distance, the more understanding. Furthermore, caseworkers also see more subjective purposes of doing the recordings properly. Firstly, it makes management aware of the size of their workload. Secondly, the recordings serve as a documentation tool, which can be useful when clients file complaints.