Search results

Throughout the history of commerce, individuals have searched for informational advantages that will lead to their enrichment. In a time of global capital markets, 24 hours a day trading opportunities, and a professional services corps of market experts, informational advantages are pursued by virtually every market participant. This paper examines one of the most vilified informational advantages in modern capital markets: insider trading. In the USA during the 1980s, insider trading scandals occupied the front pages of not only the trade papers, but also quotidian tabloids. Assailed for its unfairness and characterised by some as thievery, insider trading incidents increased calls for stricter regulation of the marketplace and its participants. In the aftermath of the spectacular insider trading litigation in the USA in the late 1980s, many foreign states began to re‐evaluate the effectiveness of their own regulatory structures. In large part, this reassessment was not the produce of domestic demand, but constituted a response to American agitation for increased regulation of insider trading.

A three‐year study, partly funded by the Quality, Design and Education Division of the Department of Trade and Industry, has been carried out on the general subject of quality improvement. As part of this work a literature survey of the English language papers was conducted on such issues as the effects of international competition, the nature of quality management, organisations and change, leadership, how companies set about quality improvement and supplier development. In order to examine topics pertinent to the research subject, the search covered not only the general literature on quality management but also the literature on corporate strategy, marketing, organisational psychology and operations management. The main findings from the literature search are presented and guidance is provided on some authoritative reading on quality improvement.

Es ist mir eine ausserordentliche Freude, an dieser Stelle, wo die Wiege der modernen Fremdenverkehrswissenschaft stand, zu Ihnen sprechen zu dürfen. So danke ich aufrichtig meinem Freund und Kollegen Kurt Krapf dafür, dass er mir diese Gelegenheit eines Vortrages gegeben hat. Obgleich ich ein enges, allerdings «voreheliches» Verhältnis zur Fremdenverkehrswissenschaft aufzuweisen habe, werden Sie es mir nicht verdenken, wenn ich auf meine gegenwärtig legale Beziehung, nämlich zur Ökonometrie, mich stärker als auf jene frühere stütze: Mein Vortrag wird mehr von der Ökonometrie als von der touristischen Wissenschaft, welche kaum mehr als ein Exempel liefert, handeln.