Market for corporate control and demand for auditing: evidence from international M&A laws

Abstract

We investigate whether and how the market for corporate control affects the demand for audit service in a cross-country setting. In so doing, we exploit the staggered enactments of merger and acquisition (M&A) laws as an exogenous shock that substantially increases takeover pressure. We find that firms are more likely to choose Big 4 auditors in the period after the enactment of M&A laws, suggesting that the takeover pressure heightened by the passage of M&A laws increases the demand for audit verification and assurance by high-quality auditors. We also find that the enactment of M&A laws leads to greater demand for Big 4 auditors through two channels: managerial commitment to curtailing agency problems and the enhancement of board monitoring. We further show that improved auditor quality facilitates creditors’ and investors’ reliance on accounting information, as reflected in greater use of accounting-based debt covenants and enhanced earnings informativeness, respectively, in the post-enactment period. Overall our results suggest that auditors play a key role in strengthening corporate governance after the enactment of M&A laws.

International Counseling Values: Adapting to Community Settings with Strategies Derived by International Counseling Professionals Through Qualitative Analysis

Abstract

Cultures and communities throughout the world have offered unique and effective approaches to provide mental and emotional support throughout history. The researchers of this study recognize the value each culture brings to addressing mental health support distinctively, and this assumption drives the exploration of insight and knowledge from 16 participants identified as international counseling professionals from different countries, who offer their expertise through this qualitative research study. This content is the second part of a larger body of data, offering further insight for how international counseling values can inform ways that counselors adapt properly to community settings. The results reveal several themes identified as recognizing historical influences on counseling, promoting diversity, equity, and inclusion (DEI), upholding multicultural values, and understanding urban and rural differences. In combination with information available in the literature, strategies are recommended for adapting to community settings all over the world, which include viewing clients contextually, integrating local terms and traditions, supporting local professional development, facilitating rural-urban collaborations, and continuing mental health advocacy.

Non-living politics

Abstract

Political theory has long depended upon a clear boundary between life and non-life. Even work which emphasizes non-human beings (e.g., in animal rights, posthumanism or “new materialism”) continues to reinforce the divide between the organic and the inorganic. This article undermines that division, highlighting marginal cases of life. The organicity of certain rocks and biochar, the growth of crystals, the machinic qualities of viruses: all point to an instability in the excluded middle between life and non-life. The article suggests alternative philosophical traditions to which political theory could turn—namely, panpsychism, hylozoism, and traditional animism—as conceptual and theoretical resources to examine these interstices.

Frequency and Variability in the Use of Modal Verbs in Zimbabwean English

Abstract

This corpus-based exploratory study examines modal verbs in Zimbabwean English (ZimE), and British English, to determine whether there are variations in use between the two varieties. Data from the ZimE corpus and the International Corpus of English Great Britain (ICE-GB) were analysed quantitatively and statistically to gain insights into how the usage patterns of modal verbs might be influenced by the usage context. Results show variations in the frequency of can and will, with the ZimE corpus registering more frequencies compared to the ICE-GB. The frequencies of could, may, might, and would were higher in the ICE-GB compared to the ZimE corpus. Overall, the ICE-GB contained more modal verbs than the ZimE corpus. In the spoken registers, results indicate that could, may, might, shall, and would occurred more in the ICE-GB, while can and will were attested more in the ZimE corpus compared to the ICE-GB. In the written registers, the ICE-GB recorded more occurrences of could, may, might, and would. A qualitative analysis was done by means of semantic interpretations of the modal verbs in different contexts. Results show the use of can be able to occurring as a modal phrase. The effects of language contact also lead to code-switching. Both results serve as possible motivations for variation. Furthermore, the use of can and will in past time contexts, and the use of the habitual will in past contexts, account for the higher overall frequencies of can and will in the ZimE corpus.

An Analysis of Research Ethical Practices Information on Universities’ Websites in Developing and Developed Countries

Abstract

Prior researches have highlighted challenges and variations arising from the requirements of research ethics committees and ethics governance systems across diverse research fields. This emphasizes the need to investigate how universities convey and implement research ethical practices. Research ethics plays a pivotal role in guiding the integration of ethical principles throughout all stages of research starting from its inception and planning to its completion and the dissemination of results. These practices encompass a range of considerations, reviews, guidelines, and processes aimed at safeguarding the rights, dignity, health, safety, and privacy of research participants. Using the content analysis technique, this paper aims to analyse research ethical practices information on universities’ websites from three developed countries and developing countries respectively using the isomorphism conception. The findings suggest that the coercive, normative, and mimetic isomorphic pressures explain the research ethics governance practices. The ethical practices information was disclosed more on university websites of the developed countries. Suggestions to improve the university’s research ethics governance system for the post-COVID-19 era were provided in the paper.

Effect of Pin Length on the Lap Friction Stir Processing of a TRIP 800 Steel Grade with a Ni Interlayer

Abstract

Friction stir lap processing of 1.1 mm thick TRIP steel sheets was performed by varying the pin length of a Si3N4 tool so as to stir or not a 0.1 mm thick Ni interlayer. Numerous complementary techniques were used to investigate the joints microstructure at its various length scales in order to deal on the one hand with the bond soundness, and on the other hand with the material flow, recrystallization, and phase transformations during processing. With short pin lengths, without Ni stirring, a poor diffusion bonding only occurs at the interlayer interfaces. With the longest probe, the reduced malleability of nickel, which played the role of a material flow marker, was inadequate for obtaining sound welds. Irrespective of the pin length, the nuggets microstructure was essentially α′ martensitic. The Ni stirring by the two longest pins gave rise to areas locally graded in both chemical composition and thus phase nature inside the nugget. A nickel gradation was even faced in some grains. A marked diffusion of Ni in the nugget stabilized austenite with a few micrometers grain size. At last, a thorough study of the fracture pattern of tensile shear samples explains the mechanical resistance of the various joints by their microstructural soundness. Some ways of optimization are finally proposed.

Equity and Justice in Loss and Damage Finance: A Narrative Review of Catalysts and Obstacles

Abstract

Purpose of Review

Recent focus on loss and damage within the United Nations Framework Convention on Climate Change (UNFCCC) follows decades of demands by vulnerable countries for compensation for losses due to climate change. Reviewing recent literature on loss and damage finance, we consider how the new UNFCCC Loss and Damage Fund could be transformative for climate finance.

Recent Findings

This article reviews developments within the UNFCCC, including the creation of the new Loss and Damage Fund and changes in the broader field of climate finance. Recent literature indicates that the factors necessary for just loss and damage finance include inclusive governance, new and additional funds, purpose-made instruments and channels, direct access to funds, and burden sharing aligned with the polluter pays principle.

Summary

We overview the history of loss and damage finance, suggest five criteria that could make the Loss and Damage Fund just, and discuss four potential catalysts for just loss and damage finance: ecological and climatic impacts, institutional developments outside the UNFCCC, Global South leadership on debt justice, and legal developments. As the Loss and Damage Fund is operationalized and the need for loss and damage finance grows, scholars must continue to ask whether loss and damage finance furthers core tenets of climate justice, including forms of restitution.

The Multi-Scalar Inequities of Climate Adaptation Finance: A Critical Review

Abstract

Purpose of Review

Following a multi-scalar analytical approach, this critical literature review explores the factors that determine adaptation finance accessibility and allocation with particular attention to how the needs of climate-vulnerable communities are considered.

Recent Findings

Our review reveals that climate vulnerability is not a primary determinant in the accessibility and allocation of climate adaptation finance at inter-state, sub-national and local scales. Instead, factors such as institutional capacities and financial and political interests exert significant influence. This leads to maladaptation and multi-scalar inequities where climate finance favours relatively resilient groups across scales with less support for more vulnerable populations.

Summary

We argue that finance does not trickle down, but “ripples” within a climate finance arena – where we define the latter as a messy space of competition, negotiation and collaboration. To unlock equitable adaptation finance patterns, future research should focus on the multi-scalar configurations of adaptation finance beyond the international level and consider local and regional territorial and scalar politics.

“I wonder if you will be sad?”: Employing the concept of mentalization psychosocially with low-income mothers

Abstract

We demonstrate the value of a rapprochement between psychoanalytic work aimed at supporting marginalized mothers and discursive accounts of low-income mothers, providing a psychosocial analysis of data from an interview study with six low-income South African mothers. Employing discourse analysis, we show how instrumental mothering is a dominant and precarious construction in these mothers’ talk. We use the concept of mentalization to track the affective work that accompanies the interactional emergence of this instrumental mothering discourse in a particular interview encounter. The implications of the research are discussed in the light of increasing demands for sociocultural responsive research and clinical practice.

Exploring cranial macromorphoscopic variation and classification accuracy in a South African sample

Abstract

To date South African forensic anthropologists are only able to successfully apply a metric approach to estimate population affinity when constructing a biological profile from skeletal remains. While a non-metric, or macromorphoscopic approach exists, limited research has been conducted to explore its use in a South African population. This study aimed to explore 17 cranial macromorphoscopic traits to develop improved methodology for the estimation of population affinity among black, white and coloured South Africans and for the method to be compliant with standards of best practice. The trait frequency distributions revealed substantial group variation and overlap, and not a single trait can be considered characteristic of any one population group. Kruskal-Wallis and Dunn’s tests demonstrated significant population differences for 13 of the 17 traits. Random forest modelling was used to develop classification models to assess the reliability and accuracy of the traits in identifying population affinity. Overall, the model including all traits obtained a classification accuracy of 79% when assessing population affinity, which is comparable to current craniometric methods. The variable importance indicates that all the traits contributed some information to the model, with the inferior nasal margin, nasal bone contour, and nasal aperture shape ranked the most useful for classification. Thus, this study validates the use of macromorphoscopic traits in a South African sample, and the population-specific data from this study can potentially be incorporated into forensic casework and skeletal analyses in South Africa to improve population affinity estimates.