Between technocracy and politics: How financial stability committees shape precautionary interventions in real estate markets

Implementing precautionary measures that have obvious distributional consequences today but often only invisible future benefits is politically difficult. It requires that policymakers reconcile technocratic expertise with political consent. This paper traces attempts to enact such measures, focusing on countercyclical policies to limit the systemic risks of housing booms as proposed by financial stability committees in Germany, France, and the Netherlands from 2015 onwards. These committees bring together technocrats and political authorities in order to overcome the inaction bias inherent to these measures, seeking to forge both epistemic and political consensus on the need for action. We find that the work of these committees is characterized by lengthy processes of consensus-building, during which technocrats amass evidence and search for politically acceptable solutions. We argue that whether this leads to meaningful steps crucially depends on the committee's institutional set-up. What particularly matters is its capacity to engage the Ministry of Finance in binding discussions and the governance arrangements for the activation of precautionary instruments, which shape whether a shared framing of the problem and appropriate response emerges.     

Do firms profit from involving academics when developing technology?

The Journal of Technology Transfer - In this study, we analyze the contribution of academics to corporate technology development. Firm patents that involve (Flemish) academic inventors are...     

Multiple principals,multiple problems: Implications for effective governance and a research agenda for joint service delivery

The multiple principal problem refers to multiple collective action problems that organizations face when they must balance (competing) interests of multiple stakeholders under joint service delivery. It negatively affects different types of organization, yet we know little about how organizations (can) mitigate it. We expand a framework based on principal–agent theory, review the literature, and consider implications for effective governance of joint service delivery in the public sector. We observe that joint service delivery can lead to free‐riding and duplication in monitoring, lobbying by principals, and increased autonomy for agents, leading to inefficiency. We build a research agenda and tentatively suggest, based on the literature, that an interface approach, where an elected unitary actor is placed in a middle tier between politics and service delivery, might best mitigate the multiple principal problem, which is currently not dealt with effectively in public management.     

Developing political trust in a developing country: the impact of institutional and cultural factors on political trust in Ghana

Political distrust is often widespread in African countries, but the prospects for increasing trust are uncertain given the lack of research on the origins of political trust in the region. Using the 2013 NSS Survey in Ghana and employing hierarchical regression analyses, we develop a model of institutional trust based on insights from both cultural and institutional performance theories. The results clearly support the superiority of institutional performance theories while at the same time providing limited support for cultural explanations. National pride, however, does also substantially encourage institutional trust. This asks for future, cultural-specific studies on trust-building in developing countries trying to establish working institutions using more representative, cross-national, and longitudinal data.     

The efficiency and effectiveness of municipally owned corporations: a systematic review

Municipally owned corporations (MOCs) are increasingly utilised to provide local public services, but little remains known about their efficiency and effectiveness. In this article, we offer a typology of MOCs, explore the variables that affect their behaviour, and perform a systematic review of public administration articles published between 2001 and 2015 on their efficiency and effectiveness. We find that MOCs are often more efficient than local bureaucracies in the provision of services such as refuse collection, water distribution, and transit services, although they also have high initial failure rates. We conclude that municipally owned corporations are a viable means for delivering some local public services for localities capable of initiating and managing complex contracts. In light of the scarcity of literature on this topic, our conclusions remain tentative, and we encourage additional research into this growing phenomenon.     

The problem of peace and the meaning of ‘post-war’

The literature on war endings and peace-building pivots on a concept that it in fact continues to struggle with: peace. I argue that we should abandon the conceptualisation of peace as a condition. By implication, we must also abandon the notion of war-to-peace transition and the underlying teleology that projects peace as a deferred and ambiguous end state. Instead, I propose the term post-war transition. Importantly, the prefix post should not be understood as a temporal breakpoint: a definitive after. Rather, it signals an ambition to address and move beyond, analogous to the term post-colonialism. I subsequently draw on the post-colonial literature to further elaborate my conceptualisation of post-war transition with three propositions, respectively concerning: the discursive politics of retrospectivity; the assertion of sovereignty as the foundational referent of law and political order; and the concept of articulation to juxtapose contingent change and constrained agency. I then apply these ideas to the Sri Lankan case to illustrate what angles and insights my conceptualisation of post-war transition could offer.     

Structural Influences on Involvement in European Homegrown Jihadism: A Case Study

This article empirically assesses the applicability of structural-level hypotheses for involvement in terrorism within the context of European homegrown jihadism. It uses these hypotheses to study how structural factors influenced involvement in the Dutch “Hofstadgroup.” Structural factors enabled the group’s emergence and its participants’ adoption of extremist views. They also motivated involvement in political violence and a shift in some participants’ focus from joining Islamist insurgents overseas to committing terrorism in the Netherlands. Finally, structural factors precipitated an actual terrorist attack. No support is found for the frequently encountered argument that discrimination and exclusion drive involvement in European homegrown jihadism. Instead, geopolitical grievances were prime drivers of this process.     

Development of a quantitative LC-MS/MS method for the analysis of common propellant powder stabilizers in gunshot residue

In traditional scanning electron microscopy/energy dispersive X-ray analysis of gunshot residue (GSR), one has to cope more and more frequently with limitations of this technique due to the use of lead-free ammunition or ammunition lacking heavy metals. New methods for the analysis of the organic components of common propellant powder stabilizers were developed based on liquid chromatography coupled to tandem mass spectrometry (LC-MS/MS). A multiple reactions monitoring scanning method was created for the screening of akardite II, ethylcentralite, diphenylamine, methylcentralite, N-nitrosodiphenylamine, 2-nitrodiphenylamine, and 4-nitrodiphenylamine, present in standards mixtures. Five out of seven of these target compounds can be selectively identified and distinguished from the two others with a high accuracy. Samples from the hands of a shooter were collected by swabbing and underwent solid phase extraction prior to analysis. Detection limits ranging from 5 to 115 mug injected were achieved. Results from several firing trials show that the LC-MS/MS method is suitable for the detection of stabilizers in samples collected following the firing of 9 mm Para ammunitions.     

The unstable core of global finance: Contingent valuation and governance of international accounting standards

Accounting standards are the foundations of the financial regulatory edifice, and global financial governance is no more stable than the asset valuations that feed it. Yet for two decades and up to this day, no international accounting rule for financial instruments – the bulk of banks' balance sheets – has emerged that was more than a temporary fix, to be succeeded by further reforms. We show how banking regulators have been central to this dynamic and how their support for applying fair value accounting to financial instruments, the cornerstone of regulatory debate, has oscillated throughout the whole period. The two common international political economy approaches to global financial governance, which analyze it either as interest‐based bargaining or as ideas‐driven expert governance, fail to account for this pattern. In contrast, we show how the contingency of financial valuations itself has made it impossible for regulators to embrace or reject a stable set of accounting rules.