The importance of liability for the redevelopment of brownfields : the developers view

The thousands of former industrial properties lying vacant in New Jersey are an economic challenge for all areas of government. If these properties are, or are perceived to be, contaminated then they are labeled Brownfields. An important question is whether the threat of liability for contamination by prior owners is a current cause behind the failure of developers to acquire and redevelop Brownfields in the State of New Jersey. The goal of this work was to discover if there is a link between liability and the developer\u27s decision making process. How important is the liability factor? Fifty-seven variables were examined in a survey that was sent to developers. The responses were ranked to discover the most critical concerns for the developers overall and by categories. Analysis revealed that the presence of an end user was the most critical factor, along with other factors related to profit. Long term liability exposure was also a concern, one of many on the critical concern list. The thesis concludes with recommendations for policy initiatives to assist with the redevelopment of Brownfields in New Jersey. The recommendations include the use of community development plans to attract end users, and the use of government programs to improve developer profit. These latter include reduce delay, preparing infrastructure and developing voluntary cleanup programs. The promotion of a Brownfields law to provide guidance is also suggested

The financial clouds review

This paper demonstrates financial enterprise portability, which involves moving entire application services from desktops to clouds and between different clouds, and is transparent to users who can work as if on their familiar systems. To demonstrate portability, reviews for several financial models are studied, where Monte Carlo Methods (MCM) and Black Scholes Model (BSM) are chosen. A special technique in MCM, Least Square Methods, is used to reduce errors while performing accurate calculations. The coding algorithm for MCM written in MATLAB is explained. Simulations for MCM are performed on different types of Clouds. Benchmark and experimental results are presented for discussion. 3D Black Scholes are used to explain the impacts and added values for risk analysis, and three different scenarios with 3D risk analysis are explained. We also discuss implications for banking and ways to track risks in order to improve accuracy. We have used a conceptual Cloud platform to explain our contributions in Financial Software as a Service (FSaaS) and the IBM Fined Grained Security Framework. Our objective is to demonstrate portability, speed, accuracy and reliability of applications in the clouds, while demonstrating portability for FSaaS and the Cloud Computing Business Framework (CCBF), which is proposed to deal with cloud portability

Research Methods for Islamic Banking and Finance Law : Interdisciplinary Research Method

This study presents an original guideline for choosing valid research methods when analyzing Islamic banking regulations and Islamic finance laws. It presents a theoretical model that explains the complexity of the field of Islamic banking and finance, provides legal scholars with a brief analysis of the various issues and challenges that may arise while researching Islamic banking and finance law, and offers different possibilities and solutions to progress and supply high-quality research into Islamic finance. Research on Islamic finance in recent decades has produced extensive literature; however, most of it is descriptive and lacks standard research methods. This creates uncertainty for young scholars and graduate students about the method that should be adopted to address the legal approach to Islamic banking and finance. The outcome of the study leads to the fact that due to the complexity of the subject, multiple research disciplines may interfere with each other in answering different research questions. Accordingly, various solutions have been proposed to help researchers and students with their choices. The study offers an original and unique standard for legal scholars in approaching Islamic banking and finance lawPeer reviewe

SAHELIAN INPUT MARKETS: RECENT PROGRESS AND REMAINING CHALLENGES

The objective of this paper is to review progress made and challenges remaining as Sahelian governments and entrepreneurs work together to develop the input markets that are so essential to the modernization of Sahelian agriculture. The paper is designed to inform Sahelian decision makers. Because the most important purchased input in the Sahel is currently inorganic fertilizer, the paper focuses on fertilizer markets. In an effort to provide Sahelian decision makers with information on a broad range of options, we have drawn on experiences throughout W. Africa rather than focusing only on the Sahel. Numerous references to experiences in the Coastal countries of W. Africa not only provide Sahelians with some perspective on how their experience compares to that of other W. African countries, but also contribute to an understanding of the opportunities and constraints to developing regional input markets. Developing input markets is a major challenge throughout Africa, not just in the Sahel.Industrial Organization,

Intellectual capital, financial crisis and performance of Islamic banks: Does Shariah governance matter?

© 2017, Universiti Malaysia Sarawak. All rights reserved. This paper empirically examines the impact of intellectual capital (IC) and Shariah governance on economic performance of 47 Islamic banks (IBs) operating in the Gulf Cooperation Council (GCC) region in pre- and post-financial crisis period. The analysis suggests that higher IC efficiency helps IBs to improve their odds of survival at all times i.e. before- and after-crisis. Further, higher IC efficiency helps IBs to maintain their profitability i.e. ROA and market valuation i.e. Tobin’s Q at all times. Arguably, knowledge-resources i.e. IC is the main line of defence for IBs against negative shocks. Lastly, the study reveals that Shariah governance alone may fall short in explaining the growth trends in Islamic finance industry

Neonicotinoids and their Impact on Ecosystem Services for Agriculture and Biodiversity in Africa

Cite: Academy of Science of South Africa (ASSAf), (2019). Neonicotinoids and their Impact on Ecosystem Services for Agriculture and Biodiversity in Africa. [Online] Available at: DOI http://dx.doi.org/10.17159/assaf.2019/0054The Academy of Science of South Africa (ASSAf) in collaboration with Leopoldina hosted a working group meeting on Neonicotinoids and their Impact on Ecosystem Services for Agriculture and Biodiversity in Africa from 13-15 May 2019 at the International Centre of Insect Physiology and Ecology (icipe), Nairobi. This working group meeting follows from a workshop which was held in South Africa in November 2018. The purpose of this working group meeting was for outstanding experts in the field to collaborate with the project’s scientific director to draft a report that summarises and outlines the state of knowledge on neonicotinoids and their impact on ecosystem services for agriculture and biodiversity in Africa. Furthermore, to draft key recommendations from science to policy-makers on the question of the use of neonicotinoids, and to discuss communication of the results to the relevant political and scientific authorities and the media.German government through the Bundesministerium für Bildung und Forschung (BMBF

Economic Thought, Foundational Problems of Mainstream Economics and the Alternative of Islamic Economics

Economic thought always permeated human living. Economic thought and the development of economics as a discipline in the last few centuries made it central to the world order. However, the foundational problems that mainstream economics suffers from led to uncounted crises and issues within the same order that created it. A physicalist ontology, rationalist epistemology, axiological futility, and methodological deficiency are the problems of philosophical foundations of mainstream economics we reviewed in this paper. The methodology of this paper is qualitative and generally adopts the library research and critical content analysis methods to review and respond to identified foundational problems. Muslims islah and tajdid responses to the West and mainstream economics problems and issues found shape in Islamisation of Knowledge (IOK) and Islamic Economics (IE). The recent shift to Integration of Knowledge (IoK) universalizes the appeal and revives the zeal for IE development in light of IoK based on IOK in this paper. A thorough analysis of IOK, IoK, and IE responses to the West and mainstream economics enabled us to appraise it as the alternative and solution to the foundational problems. The paper clarified the way for future research in IE in light of IoK and directed the academia and industry towards economic reasoning based on robust foundations

STAKEHOLDER ENGAGEMENT IN SUSTAINABILITY REPORTING IN INDONESIA

This research aims to understand the ways the preparers of sustainability reports in Indonesia embed stakeholder engagement in sustainability reporting. This research seeks to understand the perceived role of stakeholder engagement in sustainability reporting and examines whether the report preparers decouple their stakeholder engagement disclosures from the actual practices. The neo-institutional theory is used to illuminate the companies’ non-conformity responses to institutional influences. This research utilises mixed methods by deploying questionnaires, sustainability reports and semi-structured interviews. The questionnaire survey was analysed using descriptive statistics. The interviews were conducted face-to-face and analysed using thematic analysis. Content analysis of stakeholder engagement disclosures was also undertaken on the 2007 to 2018 sustainability reports issued by the companies participating in the interviews. The findings of this research reveal that the report preparers attempt to embed stakeholder engagement in the companies’ sustainability reporting in response to coercive, normative and mimetic influences. However, stakeholder engagement is loosely embedded as a result of contextualising the Global Reporting Initiative (GRI)’s conception of stakeholder engagement into Indonesia’s local contexts. Stakeholder engagement is perceived as having important roles in mandatory corporate social responsibility (CSR) programmes and materiality assessment to define the report content. External stakeholders are engaged more inclusively in the former whereas internal stakeholders take control of the latter. It is not evident that the report preparers in Indonesia decouple stakeholder engagement disclosures from practices. However, the ways in which the companies practise their stakeholder engagement (means) deviate from the goals of stakeholder engagement suggested by the GRI’s principles for defining the report content (ends), known as the means-ends decoupling. The report preparers in Indonesia accept the GRI’s concept by meeting the suggested indicators, but unintentionally overlook the GRI’s principles that are required to be implemented as a new institution, rather than intentionally avoiding them. The main contribution of this research to the literature is that it provides insights into the need to embed stakeholder engagement in sustainability reporting in an integral way, including by translating the GRI’s global conception into local context. This research also provides insights into the presumption that ‘companies report the practice’ of stakeholder engagement in sustainability reporting—as suggested by the GRI and the extant literature. Just because the companies report the practice (means) by making reference to the GRI, it does not necessarily follow that the companies have conformed to the goals of stakeholder engagement suggested by the GRI’s principles for defining the report content (ends). Taking into full consideration Indonesia’s politicoeconomic, sociocultural and legal contexts, which can be dissimilar to other local contexts, this research contributes to an understanding of decoupling, especially the means-ends decoupling, which tends to be unintentional in the companies’ non-acquiescent response to institutional influences. The decoupling indicates that the report preparers consider the GRI’s stakeholder engagement indicators as technical prescriptions leading to box-ticking activities, rather than being thoroughly understood and implemented as a new institution. Besides, this research offers a practical contribution in that the companies’ sustainability reporting consultants could shepherd their clients’ stakeholder engagement, guided by the GRI standards (previously called guidelines), to go beyond merely meeting the GRI indicators and producing ‘nice to read’ sustainability reports

Scaling up climate services for farmers: Mission Possible. Learning from good practice in Africa and South Asia

This report presents lessons learned from 18 case studies across Africa and South Asia that have developed and delivered weather and climate information and related advisory services for smallholder farmers. The case studies and resulting lessons provide insights on what will be needed to build effective national systems for the production, delivery, communication and evaluation of operational climate services for smallholder farmers across the developing world. The case studies include two national-scale programmes that have been the subject of recent assessments: India’s Integrated Agrometeorological Advisory Service (AAS) Program, which provides tailored weather-based agrometeorological advisories to millions of farmers; and Mali’s Projet d’Assistance Agro-meteorologique au Monde Rural, which provided innovative seasonal agrometeorological advisory services for smallholder farmers and 16 less mature initiatives operating at a pilot scale across Africa and South Asia. The case studies were examined from the standpoint of how they address five key challenges for scaling up effective climate services for farmers: salience, access, legitimacy, equity and integration