title: Path dependence or convergence? The evolution of corporate ownership around the world

authors: Yeh, Andrew Jia-Yuh

subjects: corporate governance

abstract: We offer a theory that sheds light on the current debate over whether the form of corporate ownership converges to the Berle-Means image. Our analytical results are threefold. First, legal rules and firm-specific protective arrangements are complementary. Secondly, corporate ownership patterns can be convergent or path dependent depending on the relative importance of these protective arrangements. We predict, for example, diffuse stock ownership in countries that impose legal limits on blockholders’ power to expropriate minority investor rights. Thirdly, we find that convergence toward diffuse share ownership is a movement towards the social optimum. Our empirical results suggest a case for the co-existence of path dependence and functional convergence (convergence to the diffuse form of share ownership through cross-listings on U.S. stock exchanges that impose more stringent disclosure and listing requirements). These results have implications for the design of executive compensation, the case for institutional investor activism and the proposal to increase shareholder power.

text: Path dependence or convergence? The evolution of corporate ownership around the world We offer a theory that sheds light on the current debate over whether the form of corporate ownership converges to the Berle-Means image. Our analytical results are threefold. First, legal rules and firm-specific protective arrangements are complementary. Secondly, corporate ownership patterns can be convergent or path dependent depending on the relative importance of these protective arrangements. We predict, for example, diffuse stock ownership in countries that impose legal limits on blockholders’ power to expropriate minority investor rights. Thirdly, we find that convergence toward diffuse share ownership is a movement towards the social optimum. Our empirical results suggest a case for the co-existence of path dependence and functional convergence (convergence to the diffuse form of share ownership through cross-listings on U.S. stock exchanges that impose more stringent disclosure and listing requirements). These results have implications for the design of executive compensation, the case for institutional investor activism and the proposal to increase shareholder power.

year: 2006-05

title: Playing to win or trying your best: Media representations of national anxieties over the role of sport participation during the 2002 commonwealth games.

authors: Wensing, Emma H.

subjects: education

abstract: In the last few years, growing concern has emerged in New Zealand sport about the shift towards a more commercial or professionalised model of sport and away from a mass participation-based model. In the midst of a relatively intense period of debate and concern over this change in direction, the 2002 Commonwealth Games took place in Manchester, England. In this article, we analyse how media coverage of the Games articulated with the broader public debate over the direction of New Zealand sport. Grounded in the assumption that the media both reflects and impacts on public understandings of cultural issues, we believe this analysis of coverage of the Games reveals a profound ambivalence over a more profess ionalised model of sport and points to an unwillingness to give up traditional values of sports participation in order to win. We explore how this debate articulates with current tensions in the realm of Physical Education and suggest that health and physical educators have an important role to play in challenging current pressures towards a win-at-all-costs approach to sport.

text: Playing to win or trying your best: Media representations of national anxieties over the role of sport participation during the 2002 commonwealth games. In the last few years, growing concern has emerged in New Zealand sport about the shift towards a more commercial or professionalised model of sport and away from a mass participation-based model. In the midst of a relatively intense period of debate and concern over this change in direction, the 2002 Commonwealth Games took place in Manchester, England. In this article, we analyse how media coverage of the Games articulated with the broader public debate over the direction of New Zealand sport. Grounded in the assumption that the media both reflects and impacts on public understandings of cultural issues, we believe this analysis of coverage of the Games reveals a profound ambivalence over a more profess ionalised model of sport and points to an unwillingness to give up traditional values of sports participation in order to win. We explore how this debate articulates with current tensions in the realm of Physical Education and suggest that health and physical educators have an important role to play in challenging current pressures towards a win-at-all-costs approach to sport.

year: 2004

title: Taonga maioha: (Born this way) The in-depth stories of three Māori, Pasifika, and Indigenous Queens

authors: Tamuera Ariki, Paikea

abstract: Who else has the right to define these, Queens? 

This thesis provides a vital platform for the voices of three Māori, Pasifika, and Indigenous Queens, allowing them to share their transformation stories in their own words. Their experiences and feelings about in their words “being born into the wrong bodies” highlight the complex realities of identity and the struggle for acceptance by others. 

These Queens are unified in their desire for dignity and respect. Dignity and respect underscore a fundamental human right. They seek recognition in all areas of their lives, from healthcare to education, housing, employment, and beyond. By articulating their needs, they advocate for themselves and all marginalized individuals, seeking fairness and understanding within systems that often overlook them. 

Focusing on their lived experiences is crucial for fostering empathy and promoting systemic change, as it brings attention to the disparities they face and the importance of inclusivity in society. By sharing their truths, these Queens contribute to a broader dialogue about identity, respect, and the pursuit of equality for all. 

This thesis aims to illuminate the transformation stories or pūrākau of ten Māori and Pasifika Queens, to foster understanding of their unique experiences. The focus on those who identify as wahine despite being born biologically male allows the reader to highlight the rich diversity of gender identity within these cultures and groups. 

The Māori Ethics Committee granted ethics approval for the study, thereby paving the way for the Queens to tell their stories or pūrākau from their truths and perspectives. 

Taonga Maioha details the in-depth transformation stories of three Māori-Pasifika Queens aged 60 plus, supported by a contextual and cultural analysis of their generation. The voices and stories of the Queens are central to this thesis. These stories are thematically analyzed to unpack the cultural and generational influences impacting their identities. The core identity constructs of whakapapa, tinana, hinengaro, and wairua are used to frame and organize their transformation stories according to their instructions. Above all, this thesis is anchored in their rights to define themselves on the premise that they have the mana to define themselves irrespective of others who define them from the sidelines of their lives. Their definitions are theirs alone. The storytellers call themselves Queen, Wahine, or women. This is based on the assertion that it is their right to be called a Queen. In certain contexts, they may refer to themselves as takatāpui and transgender for the sake of acceptance by others. This thesis is written to enhance the mana of the storytellers. These are their stories and their truths. 

The late Dame Georgina Beyer, was one of the original participants in this thesis. Many interviews were conducted with her. Instructed by Georgina before her passing to publish elements of her story as part of this thesis. Unfortunately, the Ethics Committee at Waikato University did not accept this due to her passing. Hence, the reason ‘First Lady’ was introduced, where Liz Roberts gives exclusive details of her change, both legally and physically.

text: Taonga maioha: (Born this way) The in-depth stories of three Māori, Pasifika, and Indigenous Queens Who else has the right to define these, Queens? 

This thesis provides a vital platform for the voices of three Māori, Pasifika, and Indigenous Queens, allowing them to share their transformation stories in their own words. Their experiences and feelings about in their words “being born into the wrong bodies” highlight the complex realities of identity and the struggle for acceptance by others. 

These Queens are unified in their desire for dignity and respect. Dignity and respect underscore a fundamental human right. They seek recognition in all areas of their lives, from healthcare to education, housing, employment, and beyond. By articulating their needs, they advocate for themselves and all marginalized individuals, seeking fairness and understanding within systems that often overlook them. 

Focusing on their lived experiences is crucial for fostering empathy and promoting systemic change, as it brings attention to the disparities they face and the importance of inclusivity in society. By sharing their truths, these Queens contribute to a broader dialogue about identity, respect, and the pursuit of equality for all. 

This thesis aims to illuminate the transformation stories or pūrākau of ten Māori and Pasifika Queens, to foster understanding of their unique experiences. The focus on those who identify as wahine despite being born biologically male allows the reader to highlight the rich diversity of gender identity within these cultures and groups. 

The Māori Ethics Committee granted ethics approval for the study, thereby paving the way for the Queens to tell their stories or pūrākau from their truths and perspectives. 

Taonga Maioha details the in-depth transformation stories of three Māori-Pasifika Queens aged 60 plus, supported by a contextual and cultural analysis of their generation. The voices and stories of the Queens are central to this thesis. These stories are thematically analyzed to unpack the cultural and generational influences impacting their identities. The core identity constructs of whakapapa, tinana, hinengaro, and wairua are used to frame and organize their transformation stories according to their instructions. Above all, this thesis is anchored in their rights to define themselves on the premise that they have the mana to define themselves irrespective of others who define them from the sidelines of their lives. Their definitions are theirs alone. The storytellers call themselves Queen, Wahine, or women. This is based on the assertion that it is their right to be called a Queen. In certain contexts, they may refer to themselves as takatāpui and transgender for the sake of acceptance by others. This thesis is written to enhance the mana of the storytellers. These are their stories and their truths. 

The late Dame Georgina Beyer, was one of the original participants in this thesis. Many interviews were conducted with her. Instructed by Georgina before her passing to publish elements of her story as part of this thesis. Unfortunately, the Ethics Committee at Waikato University did not accept this due to her passing. Hence, the reason ‘First Lady’ was introduced, where Liz Roberts gives exclusive details of her change, both legally and physically.

year: 2024