The University of Buckingham Press Journals
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LESS CAN BE MORE: RETHINKING THE USE OF TIME IN SCHOOLS
Full text linkTeachers and school leaders have long claimed that increased workload negatively impacts results and teacher retention. However, scant empirical evidence exists to support these claims until now. Using longitudinal data from England’s School Workforce Census, this paper presents the results of a study revealing associations between contact hours, timetable complexity, GCSE performance and teacher attrition. This supports the notion that decreasing departmental average contact hours may lead to higher GCSE value added for that department. The size of this drop is equivalently opposite to recent estimates of GCSE gains arising from additional allocated instruction time for pupils, showing a fiscally neutral way for departments to improve teacher workload without negatively impacting results. Further analysis in this study links improvements in teacher’s contact hours, and the complexity of their workload, with teacher retention. Thus schools rethinking their use of time by increasing non-contact time for their teachers are likely to retain those teachers longer and raise their results in the process
A CULTURE OF WELLBEING: WHY WE MUST PUT POSITIVE MENTAL HEALTH AT THE HEART OF OUR SCHOOLS
Full text linkFor young people, a key priority when rethinking education is considering how education affects our mental health. It will come as no surprise that young people are facing a mental health epidemic, and the education system has become a driving factor in this. Recent policies have fuelled toxic cultures in our schools, which glorify burnout and stigmatise those who rest as scroungers, whilst long-standing, paradigmatic problems have persisted.Too many young people try to learn in these fear-driven cultures each day – and this was my reality at school. After growing significantly aggrieved, I took action to ensure my school implemented what is called a ‘culture of well-being’ – one wherein rest is held in equal regard to work. One wherein the positive well-being of all is actively promoted – for it is recognised that positive well-being is an essential prerequisite to learning.The culture of well-being has created positive change to the realities experienced by young people on the ground – as well as for the whole-school community. In this article, I will introduce the culture of well-being, explain how to implement it in practice, and amplify the plea of young people for education to work with, not against, their mental health
Health risk, stimulus packages, and subordinated bank yields: evidence from the COVID-19 outbreak.
No full textThis note presents the impact of pandemic on bank subordinated bonds. Using weekly data for the period 10/1/2020-12/3/2021 of 14 US, UK, Spanish, Italian, German, and Canadian banks this note provides empirical evidence that the health risk due to the COVID-19 increases the bank yields, and the stimulus packages achieved the main objective which was to reduce the risk of the bond markets and the yields. The impact of pandemic could be measured by the searches of COVID-19 related terms on Google trends. Moreover, the empirical section shows that subordinated bond yields are influenced negatively by the performance of the stock price and positively by the government yields
Herding Behavior in Prediction Markets: Evidence from UK Financial Spread-Trading Markets
No full textWe contrast the degree (strong vs. weak), nature (interaction between more and less informed traders; MI and LI, respectively), and patterns of herding behavior (via their feedback strategies) among MI and LI traders and their speed of reaction to shifts in trading by these groups. This is achieved by analyzing individual investment records of 1,943 traders in UK spread-trading markets (2010–2012). We find that herding is far more prevalent than previous studies suggest, particularly among LI; herding activities of MI and LI are related, and the means used to distinguish MI and LI needs to be considered carefully
THE SIDE EFFECTS OF SCHOOL
Full text linkI’m sometimes told that I have no right to talk about education, because I’m not, and have never been a teacher. I’ve never managed a class, nor had to balance the needs of over 30 young people with delivering the curriculum. It’s true. Teachers have a very hard job, and I haven’t done it
SCHOOL 360: DOING EDUCATION DIFFERENTLY
Full text linkThis article describes the journey of School 360, a primary school which opened in Newham, London in September 2021. The school deliberately sought to do education differently, in terms of leadership, curriculum, pedagogy and assessment. They experimented with structures, practices and places to create an educational experience that would enable the children to develop better life skills, achieve higher well-being and be better learners, to provide a better community experience for parents, and enable a happier and more fulfilled staff
Explaining the Gamestop Short Squeeze using Ιntraday Data and Google Searches.
Full text linkThis article examines the recent short squeeze of the GameStop (GME) stock in early 2021. This event, although not the only case of short squeeze, has some idiosyncratic features that makes it extremely interesting, mainly because it was organized by non-institutional investors through social media like Reddit. Using intraday data during the period 4/1/2021-26/3/2021, we conclude that volume and Google searches provide useful information which enable us to explain the GME performance. Moreover, we show that information on volume and Google searches can provide investors with valuable data, but the faster investors have access to this information, the greater the advantages. This analysis could be very useful for scholars and practitioners who examine profitable investment strategies when such conditions emerge in the markets, and it also provides some thoughts for regulators regarding the impact of networks, social or not, on the stability of the financial markets.  
Prediction, Risk Assessment and Comparison of Selected Emerging Markets' Stock Indices During COVID-19 Pandemic Using the Coherent Measure: Comparing Selected Emerging Markets’ Stock Indices
No full textIn this study, we modeled the log-return of three emerging markets' stock indices, namely, Shanghai SSE, Russia MOEX, and Bombay Stock Exchange Sensex using the generalized hyperbolic family of distributions. We found the generalized hyperbolic family of distributions as the best fit for describing the probability density based on AIC and likelihood ratio test. The coherent risk measure, i.e., the expected shortfall, predicted using the best fit probability distribution, was used as a market risk quantification metric. During the COVID-19 period, the Indian stock market showed maximum market risk, followed by the Russian. The Chinese market showed the least market risk. Our experiment demonstrated a significant (p = 0.000) difference in the three markets concerning the coherent risk at different probability levels from 0.001 to 0.05 in the COVID-19 period using the Jonckheere-Terpstra test. The coherent market risk increased substantially in the Indian and Russian markets during the COVID-19 pandemic compared to the pre-COVID-19 period. However, in the Chinese market, we found that the coherent risk decreased during the COVID-19 period compared to the pre-COVID-19 period. We carried out the empirical study using the adjusted daily closing values of SSE, MOEX, and Sensex from July 2018 to July 2021 and dividing the data sets into pre-COVID-19 and COVID-19 periods based on the first emergence of the COVID-19 case
SHOULD WE TALK MORE ABOUT MANAGEMENT?
Full text linkIn January 2021 I published an article in the journal ‘Management in Education’ entitled ‘Whatever happened to educational management? The case for reinstatement’ (Craig, 2021) which challenged the dominant use of the word ‘leadership’ in education over the past 20 years at the expense of the word ‘management’, even when it was the latter issue that was being discussed. This article repeats much of what I said in my earlier article, but updates some or it, particularly the statistics on which it was based.In 2008, in the journal ‘Educational Management, Administration and Leadership’ (EMAL), one of the best known and most often referenced journals of its kind in the world, Professor Tony Bush (2008:272) commented that: ‘My review of papers in this journal in 1988 revealed only one mention of leadership, at the end of an overview paper by Tim Brighouse’.In the years that have followed, ‘leadership’ has become one of the most used terms to be found in school the literature, so much so that it is now difficult to find mentions of ‘management’ and ‘administration’ anywhere. In his article Bush suggested that this focus was given a particular boost by (the then) New Labour’s emphasis on schools having more responsibility for their own futures, a new focus on head teacher training, and in particular the establishment in 2000 of the National College for School Leadership (NCSL)
Sales Volume, Noise Traders, and Efficiency of the Japanese Racetrack Betting Market
No full textThis study examines 3,270 races of the Japanese thoroughbred racetrack betting market. It finds that market efficiency improves with the sales volume and deteriorates with the number of horses on a race and an increase in less-informed bettors