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Far-reaching Changes (far-reaching + change)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

Value-based labels for fresh beef: an overview of French consumer behaviour in a BSE crises context

INTERNATIONAL JOURNAL OF CONSUMER STUDIES, Issue 5 2008
Pierre Sans
Abstract In the last decade, the French beef industry has been through two major health scares related to bovine spongiform encephalopathy. This paper describes and discusses changes in beef supply in France from the consumer's perspective. The authors review the initiatives implemented in each crisis and show that the immediate effects (slump in consumption), however spectacular, were not the most lasting effects. By contrast, responses from the industry and the authorities brought about a far-reaching change in practices by requiring new instruments to be used (traceability). Yet the information conveyed by this innovation cannot readily be appropriated by consumers who are not conversant with the characteristics of beef production systems. [source]

The international monetary system in the last and next 20 years

ECONOMIC POLICY, Issue 47 2006
Barry Eichengreen
SUMMARY The evolution of exchange rate regimes The last two decades have seen far-reaching changes in the structure of the international monetary system. Europe moved from the European Monetary System to the euro. China adopted a dollar peg and then moved to a basket, band and crawl in 2005. Emerging markets passed through a series of crises, leading some to adopt regimes of greater exchange rate flexibility and others to rethink the pace of capital account liberalization. Interpreting these developments is no easy task: some observers conclude that recent trends are confirmation of the ,bipolar view' that intermediate exchange rate arrangements are disappearing, while members of the ,fear of floating school' conclude precisely the opposite. We show that the two views can be reconciled if one distinguishes countries by their stage of economic and financial development. Among the advanced countries, intermediate regimes have essentially disappeared; this supports the bipolar view for the group of countries for which it was first developed. Within this subgroup, the dominant movement has been toward hard pegs, reflecting monetary unification in Europe. While emerging markets have also seen a decline in the prevalence of intermediate arrangements, these regimes still account for more than a third of the relevant subsample. Here the majority of the evacuees have moved to floats rather than fixes, reflecting the absence of EMU-like arrangements in other parts of the world. Among developing countries, the prevalence of intermediate regimes has again declined, but less dramatically. Where these regimes accounted for two-thirds of the developing country subsample in 1990, they account for a bit more than half of that subsample today. As with emerging markets, the majority of those abandoning the middle have moved to floats rather than hard pegs. The gradual nature of these trends does not suggest that intermediate regimes will disappear outside the advanced countries anytime soon. , Barry Eichengreen and Raul Razo-Garcia [source]

Bridging the GAAP: the Changing Attitude of German Managers towards Anglo-American Accounting and Accounting Harmonization

JOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, Issue 1 2000
Martin Glaum
This paper presents and compares results from two empirical studies into the attitudes of financial executives of large German corporations towards a global harmonization of accounting principles and towards the adaptation of German accounting to Anglo-American Standards. The first of the studies was conducted in 1994, the second in late 1997, early 1998. A comparison of the results reveals that German managers' attitudes have changed profoundly over the course of only three years. In 1994, they objected to the view that German accounting is inferior to Anglo-American accounting; they had a negative attitude towards US accounting; and they were highly sceptical about adapting German accounting to Anglo-American accounting rules. Today, German managers openly concede that German financial accounts have a lower information value for investors and that the use of German accounting rules reduces the demand for German shares abroad. They are also more willing to accept far-reaching changes in the German accounting system. The survey shows that numerous large corporations have already adopted international standards, or are planning to do so in the near future. A further finding is that opinion among German managers and firms has shifted significantly towards accepting IAS rather than US-GAAP as the basis for the internationalization of German accounting. In fact, more than 80%of managers believe that five years from now the great majority of German firms will publish their consolidated financial accounts according to either IAS or US-GAAP. [source]

Employee empowerment in manufacturing: a study of organisations in the UK

NEW TECHNOLOGY, WORK AND EMPLOYMENT, Issue 2 2002
Anna Psoinos
Based on a postal survey and interviews, this paper analyses employee empowerment in the UK manufacturing industry, including how it is pursued and perceived, and the key factors that determine success. Success seems to depend on far-reaching changes in procedures, hierarchies and reward structures. This need to mobilise individual agents and structure reconfirms the agency-structure duality. [source]

Late Marriage and Less Marriage in Japan

POPULATION AND DEVELOPMENT REVIEW, Issue 1 2001
Robert D. Retherford
Between 1975 and 1995, the singulate mean age at marriage in Japan increased from 24.5 to 27.7 years for women and from 27.6 to 30.7 years for men, making Japan one of the latest-marrying populations in the world. Over the same period, the proportion of women who will never marry, calculated from age-specific first-marriage probabilities pertaining to a particular calendar year, increased from 5 to 15 percent for women and from 6 to 22 percent for men,behaviors sharply different from those characterizing the universal-marriage society of earlier years. This article investigates how and why these changes have come about. The reasons are bound up with rapid educational gains by women, massive increases in the proportion of women who work for pay outside the home, major changes in the structure and functioning of the marriage market, extraordinary increases in the prevalence of premarital sex, and far-reaching changes in values relating to marriage and family life. [source]