Does court-supervised reorganization work? Evidence from post-confirmation firm failure

Unlike the US Chapter 11, the Belgian reorganization legislation requires that distressed firms remain temporarily under court-supervision during the post-confirmation stage. Using a hand-collected sample of firms, we analyze the likelihood of business failure and the time to failure during this period. Less viable firms are more likely to fail and do faster so, indicating relatively effective reorganization proceedings. Firms that are indebted to highly secured banks or owe high sums of unpaid taxes are more likely to fail. Judicial discretion affects the likelihood of failure only in a subsample of sole proprietorships.     

Duff on the Legitimacy of Punishment of Socially Deprived Offenders

Duff offered an argument for the conclusion that just or legitimate punishment of socially deprived offenders in our unjust society is impossible. One of the claims in his argument is that our courts have the standing to blame an offender only if our polity has the right to do so since our courts are acting as the representatives of, or to use the exact phrases by Duff, “in the name of”, or “on behalf of”, the whole polity. In this paper I will challenge that claim. I will argue that the courts can be seen as acting, not on behalf of the whole polity, but only on behalf of a subset of its citizens, namely, the just citizens (i.e. the citizens who cannot be seen to have wronged the deprived offenders).     

"Das sind meine Prinzipien. Ich habe auch andere."

Bei Rechtsgutachten von Universitätsangehörigen stellen sich - insbesondere hinsichtlich der Offenlegung von AuftraggeberInnen - wissenschaftsethische Fragen, die in Selbstregulierungsinstrumenten der akademischen Gemeinschaft adressiert werden sollten.     

Utilizing Ostrom’s institutional analysis and development framework toward an understanding of crisis-driven policy

Policy Sciences - This paper examines the institutional dynamics of policymaking in a crisis. Crises have been termed a “perceptual category,” events that at least seem to be...     

Ideology Justifies Morality: Political Beliefs Predict Moral Foundations

Moral Foundations Theory (MFT) is employed as a causal explanation of ideology that posits political attitudes are products of moral intuitions. Prior theoretical models, however, suggest the opposite causal path, that is, that moral judgments are driven by political beliefs. In both instances, however, extant research has assumed rather than explicitly tested for causality. So do moral intuitions drive political beliefs or do political beliefs drive moral intuitions? We empirically address this question using data from two panel studies and one nationally representative study, and find consistent evidence supporting the hypothesis that ideology predicts moral intuitions. The findings have significant implications for MFT as a theory of ideology, and also about the consequences of political beliefs for shaping how individuals rationalize what is right and what is wrong.     

Is Information Enough? The Effect of Information about Education Tax Benefits on Student Outcomes

There is increasing evidence that tax benefits for college do not affect college enrollment. This may be because prospective students do not know about tax benefits for college or because the design of tax benefits is not conducive to affecting educational outcomes. We focus on changing awareness of tax benefits by providing information to students or prospective students. We sent e‐mails and letters to students that described tax benefits for college, and we tracked college outcomes. For all three of our samples—rising high school seniors, already enrolled students, and students who had previously applied to college but were not currently enrolled—information about tax benefits for college did not affect enrollment or reenrollment. We test whether effects vary according to information frames and found that no treatment arms changed student outcomes. We conclude that awareness is not the primary reason that tax benefits for college do not affect enrollment.     

Applying cartosemiotics to rock art: an example from Aspeberget,Sweden

This study aims to shed new light on the petroglyphs found at the site of Aspeberget 12 at the World Heritage site of Tanum, Sweden, from a semiotic perspective. We demonstrate the semiotics of power inherent in the arrangement of the petroglyphs. We start by describing the site in an archaeological way, in order to give an overview of the empirical material used in this case study. Against the backdrop of the overview, we introduce our analytical tools with reference to cartosemiotics, cultural semiotics and, Charles Sanders Peirce’s theory of signs. We suggest, in a tentative conclusion, that Aspeberget 12, as a type of “map”, displays a clear “Ego-culture” and a possible journey. We also suggest that the visual narratives at Aspeberget 12 represent the authority of the Ego-culture and its development. Details of the figurative images such as ships, axes and spears might have been displayed as markers of the high technological standard of the Ego-culture, and thus of power.     

Sustainability and the world's leading ocean cruising companies

The aim of this research note paper is to offer an exploratory review of the extent to which the leading ocean cruise companies are publicly addressing and reporting on their sustainability strategies and achievements and to offer some reflections on sustainability within the cruise industry. The paper begins with an outline of cruising and the cruising industry and a short commentary on the sustainability challenges the industry faces. The information on which the paper is based is drawn from the leading cruise companies' corporate web sites. The findings of the paper reveal a marked variation in the extent to which the leading cruise companies publicly report on their sustainability strategies and achievements. While the two leading cruise companies, namely the Carnival Corporation and Royal Caribbean Cruises, published extensive sustainability reports which covered a number of environmental social and economic issues, the other leading cruise companies published very limited information on sustainability. More critically the authors argued that the cruise companies' commitments to sustainability are driven by the search for efficiency gains and are couched within existing business models centred on continuing growth than on maintaining the viability of natural ecosystems and communities. As such the leading UK retailers are, at best, currently pursuing a ‘weak’ rather than a ‘strong’ model of sustainability. The paper provides an accessible exploratory review of sustainability reporting in the cruise industry, and it will interest professional working in the cruise industry and more generally in the hospitality industry as well as academics and students interested in public relations, business studies and hospitality management. © 2016 John Wiley & Sons, Ltd.     

“Better Retail,Better World”: A commentary on British retailers and the sustainable development goals

The British Retail Consortium's Better Retail, Better World initiative launched in 2018 and looks to mobilise the retail industry to make a leading contribution to the United Nations Sustainable Development Goals (SDGs). This short commentary paper outlines the features of this initiative and offers some reflections on some of the challenges British retailers seem likely to face in looking to contribute to the achievement of the SDGs. These challenges include the strategic prioritisation of SDGs, issues of measurement and metrics, communicating the retailers' position on the SDGs to consumers and the stakeholders, the retailers' financial commitment to the SDGs within a difficult trading environment, and fundamental tensions between sustainability and economic growth.