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When there is freedom of press, newspapers provide prying eyes that investigate and report the malfeasance by public officials. More prying eyes together with more newspaper readership make monitoring of public officials by the public easier and cheaper. This paper aims to investigate the role of newspapers in helping the public observe the conduct of local officials fearful of discovery of malfeasance by the newspaper readers in the USA during 1978 – 2008 when the internet was still a fledgling source of news.

A model that recognize that corruption is an agency problem that thrives in the absence of monitoring of public officials is used. The estimation technique used address problems issuing from the subjective nature of measures of press freedom and perception of corruption, and the persistence of corruption over time.

More newspapers and newspaper readers help to alleviate the agency problem that underlies public corruption in the USA and elsewhere. More newspapers (i.e. more journalists) act to deter corruption at the margin, and, ceteris paribus, higher readership works on exposing corrupt acts and helps to convict the errant officials in larger numbers.

The paper provides a timely context to consider the implication of sharp fall in local newspapers as well as newspaper readership all across the USA.

This paper extends the literature by considering press freedom, the number of newspapers and size of newspaper readership as joint determinants of public corruption.

This paper focuses on the development of an Internet‐based distance learning model for teaching the introductory finance course in the Finance Department at Florida Gulf Coast University (FGCU), America’s newest institution of higher education which opened in August 1997. An important component of the mission of FGCU is the incorporation of technology and the needs of the regional community into curriculum design. The department felt it was important to develop a separate Internet‐based course as an alternative to the traditional in‐class introductory finance course. In this Internet‐based course students are required to participate in a “boot camp” for the first few weeks, which covers only the most complex aspects of the course. After this initial period, the course is completely Web‐based in design. The Web page for this course, located at http://www.tmag.com/sgarrison/courses/fin3240d/index.html, contains a variety of pedagogical materials to help students learn and comprehend course content.

The purpose of this paper is to examine the effects of internal corporate governance mechanisms on the capital structure decisions of Chinese-listed firms.

Using a large and more recent data set consisting of 2,386 Chinese-listed firms over the period from 1998 to 2012, the authors use different statistical methods (OLS, fixed effects and system GMM) to analyse the effects of firm-specific and corporate governance influences on capital structure.

The authors find that the proportion of independent directors and ownership concentration exert significant influence on the level of Chinese long-term debt ratios after controlling for firm-specific determinants and split share reforms. Further analysis separating the sample of this paper into state-owned enterprises (SOEs) and privately owned enterprises (POEs) suggests that ownership concentration in the hands of the state leads to decrease in debt ratios.

The finding implies that concentrated ownership in the hands of the state appears more efficient compared to their private counterparts in their monitoring role.

This paper extends prior literature, which has concentrated disproportionately on firm-specific influences on capital structure, to the effects of within-firm governance mechanisms on capital structure decisions. The paper contributes to the agency theory–capital structure discourse in an emerging country context where corporate governance system appears weak.

The purpose of this paper is to explore the importance of owner/manager characteristics in explaining the capital structure decisions of entrepreneurial enterprises in emerging economies using a sample of Chinese small and medium‐sized enterprises (SMEs). Although mainstream theories from the finance literature are useful in explaining capital structure decisions for large firms in developed economies, they do not adequately explain the financing behaviour of SMEs in developing economies.

The authors' mixed methods approach utilized both quantitative and qualitative methods to understand how managerial factors influence the capital structure of Chinese SMEs.

The findings suggest that the capital structure of SMEs in China is primarily influenced by aversion to external control and propensity to take risk. It was also found that owners with better networking ties generally require less debt financing because they can access adequate external resources through informal channels.

The main limitation concerns the extent to which the paper's findings can be generalised to outside of the specific location in which the research was undertaken. Future research might be extended to other emerging economies to determine whether the findings of this research are unique to China or robust across emerging economies, given different institutional contexts.

Given the critical importance of fostering growth of private enterprise in China, policy makers should be aware of how the attitudes of owner/managers impact on the development of SMEs when developing mechanisms to support them.

Citizens in economies which provide sufficient financing and support to entrepreneurial enterprises generally enjoy a higher standard of living than societies which do not.

This paper fulfils an identified need for studying how entrepreneurial firms in emerging economies make the financing decisions necessary to expand and grow.

Brewing has experienced a considerable revival in recent years with the number of brewers in the UK being at its highest level since the 1930s (Cask Report, 2018). After decades of mergers and takeovers saw the emergence of a small number of global brewing conglomerates, many of the recently established breweries have spearheaded what has been referred to as a ‘craft beer revolution’. Typically, producing small batches of artisan brews and with small workforces, the output of craft brewers accounts for approximately 2.5% of all beer sales in the UK, but is the fastest growing sector of the drinks market. The growth of the industry mirrors that seen by artisan food producers and has led some to suggest an emerging preference for rejecting mass produced food and drink products.

Despite recognition of the craft beer industry’s emergence, growth and cultural significance, almost nothing is known about the individuals who started these new breweries, nor what their motivations for doing so were. Drawing upon 30 in-depth, semi-structured interviews with owner-brewers of craft breweries from across Scotland, this chapter presents findings examining owners’ backgrounds and motivations for starting their brewery. The findings show a range of motivations and expectations amongst the group of owners and provide a useful basis for making practical recommendations of how other aspiring craft beer ‘entrepreneurs’ can be best supported by the industry.

THE Woolwich Borough Council have made the retirement of Dr. Baker from the post of Borough Librarian the opportunity of adopting the reactionary policy of dividing the Woolwich library system into three independent parts. They do not propose to fill Dr. Baker's post, and have made three members of the staff librarians‐in‐charge of the Woolwich, Eltham, and Plumstead libraries. Within recent years West Ham and Lewisham have adopted a similar policy; while an opposite course has been taken by Southwark and Westminster. It is obvious that an already limited income will be even more inadequate when it is administered in three separate parts. A small temporary advantage may accrue to certain localities of the borough, but the library service of the borough as a whole is bound to suffer. There is plenty of evidence that the greatest library service can be given to a district when the libraries form one organic whole. So much for the present; now for the future. Woolwich is growing rapidly in some localities, and when the inevitable library extension is required, what is going to happen ? Each of the older districts is going to be mulcted of a part of its already far from adequate share in order to finance still another separate administration. Instead of the Borough library service under one administration becoming increasingly efficient with the growth of the district, it is going to remain a series of small and comparatively ineffective units. Then there is another aspect of the question which touches us even more closely professionally. If library systems are going to be divided in this way, men and women are not going to be found willing to go through the long and special training necessary for an administrative librarian, because the position of “librarian‐in‐charge” is no return for such training. In this way, if this policy is going to spread, a much more serious blow still will be struck at the library efficiency of the country.