Accounting for hospices: Palliative care at risk

This paper is based on a presentation given at the British Accounting and Finance Association 46th Annual Conference in 30 March to 1 April 2010 at Cardiff City HallThis article is concerned with how the Government’s end of life care strategy seeks to draw upon the capacity and additional choice provided by voluntary charitable hospices in England. Constructing a hospice financial business model we consider the extent to which the policy intersection outlined in the Governments End of Life Care Strategy between Primary Care Trust (PCT) commissioning and the contribution of voluntary hospices is robust or fragile going forward

Business models in health care: Accounting for the sustainability of palliative and end of life care provision by voluntary hospices' in England

This study evaluates the sustainability of palliative and end of life care provision by voluntary hospices in England. Using a mixed methods, inductive approach, we construct a ‘descriptive business model’ for hospices which is grounded in analysis of relevant accounting information, and supported by narratives extracted from interviews with senior clinical and non clinical managers from four large and medium sized hospices. The study reveals the strengths and weaknesses of the hospice business model and evaluates its robustness against forthcoming challenges. Our findings highlight the gradual transition from a basic voluntary sector business model to a complex, highly sophisticated, and institutionalized care establishment, sharing many of the characteristics found in large private and public organizations. The sustainability however of the business model is threatened due to its exposure to a number of contradictory forces. Whilst demand for palliative and end of life care going forward is set to increase, due to both demographic and regulatory factors, hospices' voluntary income is highly volatile. Dependency on sustaining a complex network of stakeholder groups to underwrite income, challenges the hospice business model’s ability to cope with the anticipated challenges

Teaching Accounting and Finance to non-specialists: revealing the students' perspective on the learning experience

This study is concerned with the non-specialist accounting and finance students’ perspective on the usefulness, scope, and practical application of relevant modules within their program of study. It also evaluates relevant teaching and learning approaches adopted by accounting academics teaching non-specialist - instead of introductory - accounting modules, through revealing the students' perceptions on the effectiveness of these approaches in creating a high quality learning experience. Lectures' teaching competencies are rated first in terms of importance for their learning experience by the vast majority of students. Issues relevant to the curricula's 'real world' application, as well as, the development of clear links between lecture material and assessment practise, engrossed considerable attention by the respondents. Education technology and reading material on the other hand appeared to be of prior importance for a smaller number of students

New non-Gaussian feature in COBE-DMR Four Year Maps

We extend a previous bispectrum analysis of the Cosmic Microwave Background temperature anisotropy, allowing for the presence of correlations between different angular scales. We find a strong non-Gaussian signal in the ``inter-scale'' components of the bispectrum: their observed values concentrate close to zero instead of displaying the scatter expected from Gaussian maps. This signal is present over the range of multipoles $\ell=6 -18$, in contrast with previous detections. We attempt to attribute this effect to galactic foreground contamination, pixelization effects, possible anomalies in the noise, documented systematic errors studied by the COBE team, and the effect of assumptions used in our Monte Carlo simulations. Within this class of systematic errors the confidence level for rejecting Gaussianity varies between 97% and 99.8%.Comment: Replaced with revised version. Two typos in and around equation (3) have been corrected (components of bispectrum are of the form (l-1, l, l+1) with l even). Published in Ap.J.Let

Ascertaining the impact of endogenous and exogenous factors on the performance of students taking non-specialist accounting courses

This study aims to evaluate the potential determinants of academic performance of non-specialist accounting students. Considering both actual and initially expected performance, in conjunction with students’ learning styles and preferences, we use two econometric methods - Ordinal Probit and Ordinary Least Squared - in order to investigate and assess the impact of endogenous and the exogenous factors on the students’ academic achievement. Eventually, based on the results of our estimations, and by dividing the non-specialist students into segments, according to their demographic characteristics, we run a series of simulations to estimate empirically the likelihood of the students to report an academic performance weaker, in line, better, and considerably better than what they expected

Development of intermolecular potential models for electrolyte solutions using an electrolyte SAFT-VR Mie equation of state

We present a theoretical framework and parameterisation of intermolecular potentials for aqueous electrolyte solutions using the statistical associating fluid theory based on the Mie interaction potential (SAFT-VR Mie), coupled with the primitive, non-restricted mean-spherical approximation (MSA) for electrolytes. In common with other SAFT approaches, water is modelled as a spherical molecule with four off-centre association sites to represent the hydrogen-bonding interactions; the repulsive and dispersive interactions between the molecular cores are represented with a potential of the Mie (generalised Lennard-Jones) form. The ionic species are modelled as fully dissociated, and each ion is treated as spherical: Coulombic ion–ion interactions are included at the centre of a Mie core; the ion–water interactions are also modelled with a Mie potential without an explicit treatment of ion–dipole interaction. A Born contribution to the Helmholtz free energy of the system is included to account for the process of charging the ions in the aqueous dielectric medium. The parameterisation of the ion potential models is simplified by representing the ion–ion dispersive interaction energies with a modified version of the London theory for the unlike attractions. By combining the Shannon estimates of the size of the ionic species with the Born cavity size reported by Rashin and Honig, the parameterisation of the model is reduced to the determination of a single ion–solvent attractive interaction parameter. The resulting SAFT-VRE Mie parameter sets allow one to accurately reproduce the densities, vapour pressures, and osmotic coefficients for a broad variety of aqueous electrolyte solutions; the activity coefficients of the ions, which are not used in the parameterisation of the models, are also found to be in good agreement with the experimental data. The models are shown to be reliable beyond the molality range considered during parameter estimation. The inclusion of the Born free-energy contribution, together with appropriate estimates for the size of the ionic cavity, allows for accurate predictions of the Gibbs free energy of solvation of the ionic species considered. The solubility limits are also predicted for a number of salts; in cases where reliable reference data are available the predictions are in good agreement with experiment

Cross-Correlation analysis of WMAP and EGRET in Wavelet Space

We cross correlate the Wilkinson Microwave Anisotropy Probe (WMAP) first year data and the diffuse gamma-ray intensity maps from the Energetic Gamma Ray Experiment Telescope (EGRET) using spherical wavelet approaches. Correlations at 99.7% significance level have been detected, at scales around $15^{\circ}$ in the WMAP foreground cleaned W-band and Q-band maps, based on data from regions that are outside the most conservative WMAP foreground mask; no significant correlation is found with the Tegmark cleaned map. The detected correlation is most likely of Galactic origin, and thus can help us probing the origins of possible Galactic foreground residuals and ultimately removing them from measured microwave sky maps.Comment: 4 pages, 7 figures; accepted for publication in ApJ

Microwave ISM Emission Observed by WMAP

We investigate the nature of the diffuse Galactic emission in the Wilkinson Microwave Anisotropy Probe (WMAP) temperature anisotropy data. Substantial dust-correlated emission is observed at all WMAP frequencies, far exceeding the expected thermal dust emission in the lowest frequency channels (23, 33, 41 GHz). The WMAP team (Bennett et al.) interpret this emission as dust-correlated synchrotron radiation, attributing the correlation to the natural association of relativistic electrons produced by SNae with massive star formation in dusty clouds, and deriving an upper limit of 5% on the contribution of Draine & Lazarian spinning dust at K-band (23 GHz). We pursue an alternative interpretation that much, perhaps most, of the dust-correlated emission at these frequencies is indeed spinning dust, and explore the spectral dependence on environment by considering a few specific objects as well as the full sky average. Models similar to Draine & Lazarian spinning dust provide a good fit to the full-sky data. The full-sky fit also requires a significant component with free-free spectrum uncorrelated with \Halpha, possibly hot (~million K) gas within 30 degrees of the Galactic center.Comment: ApJ in press (accepted 5 Dec 2003), version 2: corrected typos and added references. 23 pages, 5 figures, 2 tables. Free-free haze map is available at http://skymaps.inf

Who gets the Carrot and Who gets the Stick? Evidence of Gender Disparities in Executive Remuneration

This paper offers a new explanation of the gender pay gap in leadership positions by examining the relationship between managerial bonuses and company performance. Drawing on findings of gender studies, agency theory, and the leadership literature, we argue that the gender pay gap is a context-specific phenomenon which results partly from the fact that company performance has a moderating impact on pay inequalities. Employing a matched sample of 192 female and male executive directors of UK listed firms we corroborate the existence of the gender pay disparities in corporate boardrooms. In line with our theoretical predictions, we find that bonuses awarded to men are not only larger than those allocated to women, but also that managerial compensation of male executive directors is much more performance-sensitive than that of female executives. The contribution of attributional and expectancy-related dynamics to these patterns is highlighted in line with previous work on gender stereotypes and implicit leadership theories such as the romance of leadership. Gender differences in risk-taking and confidence are also considered as potential explanations for the observed pay disparities. The implications of organizations’ indifference to women’s performance are examined in relation to issues surrounding the recognition and retention of female talent.executive compensation;gender pay gap;gender stereotypes;implicit leadership theories;corporate performance;romance of leadership