Topic Review
Luxembourg Leaks
Luxembourg Leaks (sometimes shortened to Lux Leaks or LuxLeaks) is the name of a financial scandal revealed in November 2014 by a journalistic investigation conducted by the International Consortium of Investigative Journalists. It is based on confidential information about Luxembourg's tax rulings set up by PricewaterhouseCoopers from 2002 to 2010 to the benefits of its clients. This investigation resulted in making available to the public tax rulings for over three hundred multinational companies based in Luxembourg. The LuxLeaks' disclosures attracted international attention and comment about tax avoidance schemes in Luxembourg and elsewhere. This scandal contributed to the implementation of measures aiming at reducing tax dumping and regulating tax avoidance schemes beneficial to multinational companies. The judicial aspects of this case concern the persons charged by Luxembourg justice for participating in the revelations. No multinational company was charged. The LuxLeaks trial took place in spring 2016 and led to the condemnation of the two whistleblowers. The appeal trial's judgment was delivered in March 2017, upholding monetary fines and reducing the suspended jail sentence for Deltour.
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  • 25 Oct 2022
Topic Review
ESports Research
eSports has been defined as sports competitions conducted with an electronic system and technological immersion in an organized and structured environment.
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  • 28 Sep 2021
Topic Review
2008–09 Belgian Financial Crisis
The 2008–09 Belgian financial crisis is a major financial crisis that hit Belgium from mid-2008 onwards. Two of the country's largest banks – Fortis and Dexia – started to face severe problems, exacerbated by the financial problems hitting other banks around the world. The value of their stocks plunged. The government managed the situation by bailouts, selling off or nationalizing banks, providing bank guarantees and extending the deposit insurance. Eventually Fortis was split into two parts. The Dutch part was nationalized, while the Belgian part was sold to the French bank BNP Paribas. Dexia group was dismantled, Dexia Bank Belgium was nationalized.
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  • 01 Dec 2022
Topic Review
Vickrey Auction
A Vickrey auction is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an incentive to bid their true value. The auction was first described academically by Columbia University professor William Vickrey in 1961 though it had been used by stamp collectors since 1893. In 1797 Johann Wolfgang von Goethe sold a manuscript using a sealed-bid, second-price auction. Vickrey's original paper mainly considered auctions where only a single, indivisible good is being sold. The terms Vickrey auction and second-price sealed-bid auction are, in this case only, equivalent and used interchangeably. When either a divisible good or multiple identical goods are sold in a single auction, however, these terms are used differently. In the case of multiple identical goods, the bidders submit inverse demand curves and pay the opportunity cost. Vickrey auctions are much studied in economic literature but uncommon in practice. Generalized variants of the Vickrey auction for multiunit auctions exist, such as the generalized second-price auction used in Google's and Yahoo!'s online advertisement programmes (not incentive compatible) and the Vickrey-Clarke-Grove Auction (incentive compatible).
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  • 04 Nov 2022
Topic Review
Perceived Authenticity in Intangible Cultural Heritage Tourism
In the era of the experience economy, intangible cultural heritage (ICH) is now much a richer in terms of authenticity, which largely enriches the tourist experience. The dual dimensions of authenticity (constructive and existential) have significantly different effects on experience quality and satisfaction. Furthermore, with regard to the mediating effect of experience quality, experience quality plays a partially mediating role between existential authenticity and satisfaction. 
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  • 24 Mar 2022
Topic Review
Schools, Air Pollution, and Active Transportation
An exploratory spatial analysis investigates the location of schools in Calgary (Canada) in relation to air pollution and active transportation options. Air pollution exhibits marked spatial variation throughout the city, along with distinct spatial patterns in summer and winter; however, all school locations lie within low to moderate pollution levels. Conversely, the study shows that almost half of the schools lie in low walkability locations; likewise, transitability is low for 60% of schools, and only bikability is widespread, with 93% of schools in very bikable locations. School locations are subsequently categorized by pollution exposure and active transportation options. This analysis identifies and maps schools according to two levels of concern: schools in car-dependent locations and relatively high pollution; and schools in locations conducive of active transportation, yet exposed to relatively high pollution. The findings can be mapped and effectively communicated to the public, health practitioners, and school boards. The study contributes with an explicitly spatial approach to the intra-urban public health literature. Developed for a moderately polluted city, the methods can be extended to more severely polluted environments, to assist in developing spatial public health policies to improve respiratory outcomes, neurodevelopment, and metabolic and attention disorders in school-aged children.
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  • 29 Oct 2020
Topic Review
Sustainable Consumption
The emergence of the term sustainable consumption occurred during the Earth Summit of 1992. The research into sustainable consumption topics developed within the wider context of sustainability transitions (large-scale and long-term transformations of production and consumption systems), a research field that has evolved in the last 20–25 years. The research on sustainable consumption behaviour has evolved significantly, addressing a range of inter-related topics such as: influencing factors, consumer perceptions, motivational drivers, attitudes towards sustainable consumption, willingness to pay and its predictors, sustainable and pro-environmental purchasing behaviours.
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  • 07 Jan 2021
Topic Review
Worldwide Research Trends in Agrivoltaic Systems
An agrovoltaic system combines agricultural crop production and energy production in the same place, emphasizing the dual use of land. Researchers provided a bibliometric analysis of agrivoltaic topics based on publications indexed in SCOPUS, in which either economic assessments of agrivoltaics, agrivoltaic systems for crops and livestock animals, photovoltaic greenhouse and agrivoltaics with open field discussed, or its ideas are used to analyze certain locations. It is shown that scientific publications in recent years mainly focus on short-term predictions, there is no recognized evaluation standard for various prediction analyses, and it is difficult to evaluate various prediction methods so far.
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  • 01 Feb 2023
Topic Review
Depression of 1920–21
The Depression of 1920–21 was a sharp deflationary recession in the United States and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. The extent of the deflation was not only large, but large relative to the accompanying decline in real product. There was a two-year post–World War I recession immediately following the end of the war, complicating the absorption of millions of veterans into the economy. The economy started to grow, but it had not yet completed all the adjustments in shifting from a wartime to a peacetime economy. Factors identified as contributing to the downturn include returning troops, which created a surge in the civilian labor force and problems in absorbing the veterans; a decline in labor union strife; changes in fiscal and monetary policy; and changes in price expectations. Following the end of the depression, the Roaring Twenties brought a period of economic prosperity.
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  • 18 Oct 2022
Topic Review
Marketization
Marketization or marketisation is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate. This is achieved through reduction of state subsidies, organizational restructuring of management (corporatization), decentralization and in some cases partial privatization. These steps, it is argued, will lead to the creation of a functioning market system by converting the previous state enterprises to operate under market pressures as state-owned commercial enterprises.
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  • 04 Nov 2022
Topic Review
Flat Rate
Flat interest rate mortgages and loans calculate interest based on the amount of money a borrower receives at the beginning of a loan. However, if repayment is scheduled to occur at regular intervals throughout the term, the average amount to which the borrower has access is lower and so the effective or true rate of interest is higher. Only if the principal is available in full throughout the loan term does the flat rate equate to the true rate. This is the case in the example to the right, where the loan contract is for 400,000 Cambodian riels over 4 months. Interest is set at 16,000 riels (4%) a month while principal is due in a single payment at the end.
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  • 11 Oct 2022
Topic Review
MnPASS
MnPASS (Pronounced "Minnpass") is the brand name associated with a series of high occupancy toll lanes (HO/T lanes) in the Minneapolis-St. Paul Metropolitan Area of Minnesota and is also associated with the electronic toll collection (ETC) system used for those HO/T lanes. The lanes and the ETC system are owned by the Minnesota Department of Transportation. Solo drivers who are registered under the MnPASS program and have a toll transponder are allowed to pay a toll to use the lanes during operating hours. Vehicles with two or more occupants, buses, and motorcycles may use the lanes for free without requiring a toll transponder.
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  • 31 Oct 2022
Topic Review
Energy Subsidies
Energy subsidies are measures that keep prices for consumers below market levels or for producers above market levels, or reduce costs for consumers and producers. Energy subsidies may be direct cash transfers to producers, consumers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access. They may also include energy conservation subsidies. The development of today's major modern energy industries have all relied on substantial subsidy support. Global fossil fuel subsidies represented 6.5% of global GDP in 2015. The elimination of these subsidies is widely seen as one of the most effective ways of reducing global carbon emissions.
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  • 29 Sep 2022
Topic Review
Decision Support for Patient-Centered Care
Care management strategies could be effectively used and augmented by shared decision support systems or artificial intelligence.  Evidence-based approaches to the determinants and consequences of chronic care management  are suggested. The proper utilization of care management strategies will not only enhance better patient care outcomes but also reduce the hospitalization or readmission.
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  • 02 Nov 2020
Topic Review
Viral Video
A viral video is a video that becomes popular through a viral process of Internet sharing, typically through video sharing websites such as YouTube as well as social media and email. Viral videos may be serious, and some are deeply emotional, but many more are centered on entertainment and humorous content. They may include televised comedy sketches, such as The Lonely Island's "Lazy Sunday" and "Dick in a Box", Numa Numa videos, The Evolution of Dance, Chocolate Rain on YouTube; and web-only productions such as I Got a Crush... on Obama. Some eyewitness events have also been caught on video and have "gone viral" such as the Battle at Kruger. One commentator called the Kony 2012 video the most viral video in history (about 34,000,000 views in three days and 100,000,000 views in six days), but "Gangnam Style" (2012) received one billion views in five months and was the most viewed video on YouTube from 2012 until "Despacito" (2017).
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  • 21 Oct 2022
Topic Review
Retail Loss Prevention
Retail loss prevention is a set of practices employed by retail companies to preserve profit. Profit preservation is any business activity specifically designed to reduce preventable losses. A preventable loss is any business cost caused by deliberate or inadvertent human actions, colloquially known as "shrinkage". Deliberate human actions that cause loss to a retail company can be theft, fraud, vandalism, waste, abuse, or misconduct. Inadvertent human actions attributable to loss are poorly executed business processes, where employees fail to follow existing policies or procedures – or cases in which business policies and procedures are lacking. Loss prevention is mainly found within the retail sector but also can be found within other business environments. Since retail loss prevention is geared towards the elimination of preventable loss and the bulk of preventable loss in retail is caused by deliberate human activity, traditional approaches to retail loss prevention have been through visible security measures matched with technology such as CCTV and electronic sensor barriers. Most companies take this traditional approach by either having their own in-house loss prevention team or using external security agencies. Charles A. Sennewald and John H. Christman state, "Four elements are necessary for a successful loss prevention plan: 1) Total support from top management, 2) A positive employee attitude, 3) Maximum use of all available resources, 4) A system which establishes both responsibility and accountability for loss prevention through evaluations that are consistent and progressive."
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  • 31 Oct 2022
Topic Review
Pillsbury Winthrop Shaw Pittman
Template:Infobox Law Firm Pillsbury is a full-service law firm with an industry focus on the energy and natural resources, financial services including financial institutions, real estate and construction, technology, and travel and hospitality. Based in the world's major financial, technology and energy centers, Pillsbury counsels clients on global business, regulatory and litigation matters. It has approximately 700 attorneys operating from 20 offices in the U.S., London, Asia, and the Middle East. The firm has connections to the two main political parties in the United States. The law firm's two oldest predecessor firms were founded in New York City in 1868 and in San Francisco in 1874, following the California Gold Rush. The San Francisco firm helped create a number of new West Coast businesses including Chevron and Pacific Bell (now known as AT&T). In the 2000s, Pillsbury has become an advocate of labor outsourcing as a means of firms cutting costs by offering services to both buyers and providers of outsourcing services.
  • 1.1K
  • 15 Nov 2022
Topic Review Peer Reviewed
Social Entrepreneurship Conceptual Approaches
Social entrepreneurship defines organizations or initiatives that, by producing and/or transacting goods or services, seek new solutions to persistent social problems, thus generating high social value. In other words, that deliberately subject their economic strategy to social priorities and place the social mission at the center of their concerns. Such social priorities include poverty, unemployment, education, health, local development, or the environment. Outside this common base, the aggregation of other characteristics or delimitations has given rise to conceptual fuzziness, namely, as to the organizational forms to be adopted (restricted to non-profit organizations or open to for-profit businesses with clear social purposes) and the weight of the social dimension in SE. Another manifestation of conceptual malleability emerges from the coexistence of different schools of thought. On the opposite side, one notes the narrowing of the concept, which mainly derives from a Westernized vision and still pays little attention to the contributions from developing countries. In addition to analyzing these topics, the current entry points out some recommendations regarding the deepening of scientific research in this field. 
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  • 27 May 2022
Topic Review
Cause-Related Marketing
This entry aims to examine the influence of cause–brand fit on consumer attitudes, attributed company motives, and the moderating role of corporate reputation.
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  • 22 Oct 2020
Topic Review
Black Sea Trade and Economy
The Black Sea trade and economy provide an integral part in the connection between Asia and Europe. In addition to sea ports and fishing, key activities include hydrocarbons exploration for oil and natural gas, and tourism. According to NATO, the Black sea is a strategic corridor that provides smuggling channels for moving legal and illegal goods including drugs, radioactive materials, and counterfeit goods that can be used to finance terrorism.
  • 1.0K
  • 14 Oct 2022
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