Calculating the cost of capital

One of the most important recent advances in corporate finance is the use of risk measures in setting discount rates or required rates of return for capital projects. An understanding of this area is of crucial importance to senior managers and corporate planners. This article explains how to calculate required rates of return using the modern approach to the cost of capital.     

Reliability of isokinetic and isometric knee-extensor force in older women

Because of the need for efficient, consistent strength measurements, the test-retest reliability of concentric, isometric, and eccentric strength; concentric work; and concentric power was determined in older women without a familiarization session. The reliability of measures derived from a single peak score were compared with those derived from an averaged score. On 2 occasions 25 older women with a mean age of 72 +/- 6 years performed 3 submaximal knee extensions and 5 maximal contractions on an isokinetic dynamometer at 90 degrees/s (CON), 0 degrees/s, and -90 degrees/s on both lower limbs. Statistical analyses for peak and averaged values (best 3 contractions of 5) exhibited good relative reliability (ICCs > .88), except for CON power. Typical error as a coefficient of variation and ratio limits of agreement for peak and averaged score values were larger than desired, with CON power scores demonstrating unacceptable error ranges. Although relative reliability of this 1-session assessment protocol was acceptable, further research is needed to determine whether additional practice trials could enhance absolute reliability.     

Choice: what,when and why? Exploring the importance of choice to disabled people

Extending choice and control over public services is central to current policies in England. Such policies have immense potential for independence and well‐being. However, it is still not clear how disabled people conceptualise choices, what choices are important, for which groups of people, in what areas of life and why. This paper presents findings from the first phase of a longitudinal qualitative study of choice and control over the life‐course. Semi‐structured interviews were carried out with 111 participants including disabled young people with progressive conditions; their parents; adults and older people with fluctuating support needs and those experiencing sudden deterioration in health. The findings suggest that while most people across all study groups wanted to be able to make choices in all areas of their lives, there are significant differences in the importance they attach to specific choices. The findings have implications for service reforms and identify some policy and practice issues that need to be addressed.     

‘Strategic (dis)obedience’: Female entrepreneurs reflecting on and acting upon patriarchal practices

It has been suggested that entrepreneurship is a form of emancipation and social change for women. We adopt a more comprehensive view by considering micro‐emancipation at the level of both agency and identity of women entrepreneurs in patriarchal and Islamic societies. We borrow from organization studies literature to draw on the notions of the dynamic and ongoing process between dominators (i.e., men of the patriarchal family) and the dominated (i.e., women entrepreneurs). In this process micro‐emancipation and active obedience are intertwined. For this purpose, we contextualize the study in the United Arab Emirates, where men of the family regulate women's agency and identity. The men of the family are not only the gatekeepers of societal culture, but also the potential supporters for women to navigate the societal arrangements. By adopting an interpretive approach, we analyse the narratives of Emirati female entrepreneurs in their early stages of becoming an entrepreneur who engage in strategic (dis)obedience. The article contributes to the literature on micro‐emancipation in the context of gender and entrepreneurship.     

Reframing sociologies of ethnicity and migration in encounters with Chinese London

In this paper I argue that the intersecting sociologies of ethnicity and migration work from a series of interconnected blind spots hindering effective analysis of the current UK situation. Both operate analytically within the limitations of an ‘immigrant problem’ framework; are overinvested in state agendas; privilege a nation state analysis; are narrowly focused on distributions of migrant bodies, and on receiving, at the expense of sending, contexts. Exploring these limitations with data derived from a modest small‐scale qualitative study of young Chinese migrants in London, I argue for a reframing along four dimensions. Firstly, in an era of elite migration, sociology could reach beyond its immigrant problem framework and open up to a broader range of UK migrant ethnicities and circumstances. Secondly, a stronger focus on cities as the scale on which lives are lived, and through which diverse streams of translocal activity are routed, would open new avenues of sociological exploration. Thirdly, including translocal activities connected with distributions of ethnic migrant bodies, such as capital transfers, would broaden its focus, taking migration and ethnicity more centrally into the analysis of globalization as one of its constituting practices. Finally, paying attention to sending, as well as arrival cities, reveals migrants’ thinking and shapes the ways in which they live, as my data shows. The Chinese are both one of the UK's neglected minorities, and one of its fastest growing populations. They are a good example of new UK migrants and they bring globalization's realignment with the rising significance of China to the UK.     

Firm’s protection against disasters: are investment and insurance substitutes or complements?

Theory and Decision - We use a controlled laboratory experiment to study firm’s protection against potential technological damages. The probability of a catastrophic event is known, and the...