15,969 research outputs found
Collapsing Corporate Structures: Resolving the Tension Between Form and Substance
Opus Alchemicum explores the fabrication of ârealityâ upon imagination, and the affective relation between ideas and matter in the built environment. Like an alchemic experiment, through the manipulation of real facts and their transformation into myth, stories, rituals and objects, the project tries to demonstrate how myths are not just produced but also produce ârealâ by creating a collective understanding and a pattern of relations, roles and ideas. This projectâs attempt is to reveal the mechanisms of reality in an act of analogy. The role of architecture, buildings and objects is investigated in its transfigured correspondent. Myths are both constructed and revealed as the language code of a discourse. The result is a work of alchemy, a product of imagination as a path of understanding. The project starts with traveling to Romania as a study case, in a journey where encounters and empathy win over maps and scheduled visits. What I bring back with me is a series of situations, assemblages, a pattern of history, places, culture and affections belonging to the very present of Romania.These situations are plunged in another larger assemblage, the European one, with Sweden as a partaker. In this countryâs desires and metamorphoses we can discover those myths that belong and affect our culture and our spaces. Opus Alchemicum is a tale about myths, behavior and built environment. About Romania, or somewhere else. About ruins and gold. About invisible values and material affects. About a vanished land, about desire and nostalgia. About displacement, diaspora and costumes. About migration. About a journey and the gas station at the mid of the road. About metamorphoses, gypsy palaces and dowries. About matter, produced, traded and extinguished. About Prussian Blue and honey. About a tower, a fountain and a secret garden. About the alchemic process of making reality out of ideas. Opus Alchemicum utforskar fabricering av verklighet genom fantasi, den affektiva relationen mellan ide och materia i en bygg omgivning. Ett alkemiskt experiment, genom manipulation av verkliga fakta och deras transformation till myter, berĂ€ttelser, ritualer och objekt, försöker detta projekt att pĂ„visa hur myter inte bara Ă€r producerade utan hur de ocksĂ„ producerar en âverklighetâ genom att skapa en kollektiv förstĂ„else och ett mönster av relationer, roller och förestĂ€llningar. Projektet försöker att avslöja mekanismerna av verklighet i en handling av analogi. Rollen av arkitektur, byggnader och objekt undersöks i sin förvandlade korrespondens. Myter Ă€r bĂ„de konstruerade och avslöjade genom sprĂ„kkoden för en diskurs. Resultatet Ă€r ett verk av alkemi, en produkt av inbillningsförmĂ„ga lĂ€ngst en vĂ€g för förstĂ„else. Projektet startar med en resa till RumĂ€nien som studie fall, i en fĂ€rd dĂ€r möten och empati segrar över kartor och schemalagda möten. Det jag tog med mig tillbaka var en serie av situationer, samlingar och mönster av historien. Platser, kultur och kĂ€nslor som representerar det nuvarande RumĂ€nien. Situationer som störtar in till ett större sammanhang i form av det Europeiska med Sverige som deltagare. I detta lands önskningar och metamorfoser kan vi upptĂ€cka de myter som tillhör och pĂ„verkar vĂ„r kultur och dess rum. Opus Alchemicum Ă€r en berĂ€ttelse om myter, beteenden och byggd omgivning. Om RumĂ€nien eller nĂ„gon annanstans. Om ruiner och guld. Om osynliga vĂ€rden och materiell inverkan. Om ett försvunnet land av begĂ€r och nostalgi. Om förskjutningar, förskingringar och kostymer. Om migration. Om fĂ€rder och bensinstationen i mitten av resan. Om metamorfoser, romerska palats och hemgifter. Om materia, producerad, handlad och utslĂ€ckt. Om preussiskt blĂ„tt och honung. Om ett torn en fontĂ€n och en hemlig trĂ€dgĂ„rd. Om den alkemiska processen av att skapa verklighet genom idĂ©er
The Limits of Lawyering: Legal Opinions in Structured Finance
Significant controversy surrounds the issuance of legal opinions in structured finance transactions, particularly where accountants separately use these opinions, beyond their traditional primary use, for determining whether to characterize the transactions as debt. Reflecting at its core the unresolved boundaries between public and private in financial transactions, this controversy raises important issues of first impression: To what extent, for example, should lawyers be able to issue legal opinions that create negative externalities? Furthermore, what should differentiate the roles of lawyers and accountants in disclosing information to investors? Resolution of these issues not only helps to demystify the mystique, and untangle the morass, of legal-opinion giving but also affects the very viability of the securitization industry, which dominates American, and increasingly global, financing
The Limits of Lawyering: Legal Opinions in Structured Finance
Significant controversy surrounds the issuance of legal opinions in structured finance transactions, particularly where accountants separately use these opinions, beyond their traditional primary use, for determining whether to characterize the transactions as debt. Reflecting at its core the unresolved boundaries between public and private in financial transactions, this controversy raises important issues of first impression: To what extent, for example, should lawyers be able to issue legal opinions that create negative externalities? Furthermore, what should differentiate the roles of lawyers and accountants in disclosing information to investors? Resolution of these issues not only helps to demystify the mystique, and untangle the morass, of legal-opinion giving but also affects the very viability of the securitization industry, which dominates American, and increasingly global, financing
The Blaming Function of Entity Criminal Liability
Application of the doctrine of entity criminal liability, which had only a thin tort-like rationale at inception, now sometimes instantiates a social practice of blaming institutions. Examining that social practice can ameliorate persistent controversy over entity liability\u27s place in the criminal law. An organization\u27s role in its agent\u27s bad act is often evaluated with a moral slant characteristic of judgments of criminality and with inquiry into whether the institution qua institution contributed to the agent\u27s wrong. Legal process, by lending clarity and authority, enhances the communicative impact, in the form of reputational effects, of blaming an institution for a wrong. Reputational effects can flow through to individuals in ways that reduce probability of future wrongdoing by altering individual preferences and forcing reevaluation and reform of institutional arrangements. Blame and utility are closely connected here: the impulse to blame organizations and the beneficial effects of doing so both appear to depend on the degree of institutional influence on the agent.
These insights imply that the doctrine should be tailored, unlike present law, to more fully exploit criminal law\u27s expressive capital by selecting cases according to entity blameworthiness. Barriers to describing the phenomenon of organizational influence and culture prevent discovery of a first-best rule of institutional responsibility. A second-best step would be to enhance the existing doctrine\u27s examination of agent mens rea, to impose fault only if the agent acted primarily with the intent to benefit the firm
IT integration, operations flexibility and performance: an empirical study
Purpose: This study examines the relationship between IT implementation and performance
with manufacturing flexibility based on a sample drawn from a set of manufacturing firms.
Design/methodology/approach: The relationships were analyzed using structural equations
modelling (SEM) using EQS 6.2 software. Previously, an explanatory factor analysis confirmed
one-dimensionality of the scales, Cronbachâs alpha was calculated to evaluate its internal
consistency and a confirmatory factor analysis was run to observe scalesâ validity.
Findings: This research proves a significant positive and direct effect of IT implementation on
operations performance with 4 out of 6 flexibility dimensions (Machine, Labour, Material
handling and Volume). Mix and Routing flexibility dimensions show no significant impact on
firm performance.
Research limitations/implications: It is necessary to be cautious when generalizing this
findings these findings, as service firms were not part of the sample even when statistical results
prove robustness suggesting that the findings are quite reliable. Some flexibility dimensions show
no significant impact in performance (Routing and Mix flexibility). This is consistent with the fact
that these flexibility dimensions act as variability absorbers within the manufacturing process.
Future research lines: Future studies can focus on determining further internal and
environmental factors that affect operations flexibility according to specific sector characteristics.
Originality/value: This research proves a significant positive and direct effect of IT
implementation on operations performance. Results show not only the links between IT
implementation and operations performance, but also the magnitude of every impact. The model
considers IT integration as the degree of alignment that existing technology resources in a firm
have with the business strategy, in terms of importance and support for this strategyPeer Reviewe
European macroeconomic imbalances at a sectorial level: Evidence from German and Spanish food industry
P u r p o s e: This research has analyzed the structural differences observed comparing medium size Spanish and German firms in the food industry, specifically biscuit production. A second objective has been to analyze if the different macroeconomic conditions in Spain and Germany have affected the performance of firms. Design/methodology: Using financial information from AMADEUS data base, a sample of firms (135 observations) in the food industry from Spain and Germany have been analyzed, considering the changes observed in the periods 2007-2009, 2010-2012 and 2013-2015. Productivity, real investment, cost per employee, profitability and interests paid by the firms are among the variables considered. The different hypotheses proposed have been tested using non-parametric test, mainly, Mann-Whitney test and Rho Spearman coefficient. Findings: Medium size German firms are bigger, using number of employees, than Spanish firms and show a higher profitability (using ROE) whatever the period consider. The evidence suggests that after a certain threshold size the correlation between size and productivity is negative. An interesting result is the negative correlation between interest rate and labour productivity; financial conditions can have a clear effect on firmâs performance. At this sector level there is no evidence of the process of internal devaluation, probably because the growth observed either by increase in real investment or sales have been accompanied by the need to hire skilled labour. Research limitations/implications: The main limitation is that this research has only focused on particular economic activity, biscuit producers, to include others firms in the food industry must be considered in future research. Practical implications: Size is a strategic decision that managers must face, to understand how labour productivity and financial performance is affected by size will help to take the optimum decision. The performance of the firm is also partially affected by the interest rate that the firm faces, the negative correlation found between interest rate and labour productivity is important in informing right decisions about increasing firmâs debt level. Social implications: Europe is rethinking industrial policy in the aftermath of the financial crisis (20082009) and in a global context with an increasing number of industrial activities locating in low labour costs destinations. Understanding the structural differences that industries across the European countries show is a key factor in deciding an efficient industrial policy. Originality/value: The last decade has accentuated the macroeconomic differences, in terms of long term interest rates or levels of unemployment between the core of Europe, Germany, and the periphery, including countries like Spain. This research is one the first ones in analyzing how these differences are affecting financial performance and structural differences in a particular industry, that is one of the most important exporters of the European Union.Peer Reviewe
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What is the impact of psychiatric decision units on mental health crisis care pathways? Protocol for an interrupted time series analysis with a synthetic control study
Background
The UK mental health system is stretched to breaking point. Individuals presenting with mental health problems wait longer at the ED than those presenting with physical concerns and finding a bed when needed is difficult â 91% of psychiatric wards are operating at above the recommended occupancy rate. To address the pressure, a new type of facility â psychiatric decision units (also known as mental health decision units) â have been introduced in some areas. These are short-stay facilities, available upon referral, targeted to help individuals who may be able to avoid an inpatient admission or lengthy ED visit. To advance knowledge about the effectiveness of this service for this purpose, we will examine the effect of the service on the mental health crisis care pathway over a 4-year time period; the 2 years proceeding and following the introduction of the service. We use aggregate service level data of key indicators of the performance of this pathway.
Methods
Data from four mental health Trusts in England will be analysed using an interrupted time series (ITS) design with the primary outcomes of the rate of (i) ED psychiatric presentations and (ii) voluntary admissions to mental health wards. This will be supplemented with a synthetic control study with the same primary outcomes, in which a comparable control group is generated for each outcome using a donor pool of suitable National Health Service Trusts in England. The methods are well suited to an evaluation of an intervention at a service delivery level targeting population-level health outcome and the randomisation or âtrialabilityâ of the intervention is limited. The synthetic control study controls for national trends over time, increasing our confidence in the results. The study has been designed and will be carried out with the involvement of service users and carers.
Discussion
This will be the first formal evaluation of psychiatric decision units in England. The analysis will provide estimates of the effect of the decision units on a number of important service use indicators, providing much-needed information for those designing service pathways
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