This thesis has been carried out within the framework of the Master of ScienceProgramme in Sociotechnical Systems Engineering and performed for the SwedishTrade Council in London. The author investigates how the Swedish Trade Councilcan facilitate and bridge the contacts between venture capitalists in the UK andhigh-tech start-ups in Sweden. High-tech ventures in the start-up phases often face a challenge in accumulatingsufficient financial resources and skills to successfully move from concept stage tobusiness, particularly within the life sciences’. High costs associated to time consumingand demanding product development cycles may require external investors whichprovide venture capital and expertise. However, many face difficulties in attractingventure capital partly due to the so-called equity gap, which relates to financiersunwillingness for taking on risk and investing in the early-stages. The study shows that venture capital largely rely on local networks and are limited intheir investments’ geographical distribution. The interviewed market players alsoemphasise the importance of local networks in the investment processes. Given thesecharacteristics, it may be difficult for a Swedish company seeking venture capitalabroad without help from intermediaries. Although there is a role to fill forintermediaries in assisting in the investment discovery process, it is likely to provedifficult over time as tasks become increasingly cumbersome.

The production of biogas via anaerobic digestion is an effective technology for converting organic waste into renewable fuel. Using the Technological Innovation System (TIS) theory for assessing emerging technologies a comparison between the British and Swedish biogas sectors is carried out. There are seven components to a TIS allowing the sector to be broken down, a potential scheme for the connection of the functions is illustrated. The Swedish biogas sector is at a more advanced stage of development due to long-term governmental support both financially and through stringent environmental laws. Overall the Swedish government has been an effective system builder allowing the Swedish biogas sector to expand. The British biogas sector is conversely less advanced due to lack of this long-term support, although the scene is beginning to change as the government positions itself as a more effective system builder. Several lessons can be learnt from the Swedish biogas sector; longterm financial support for renewable energy is required and stringent organic waste disposal laws both encourage the development of biogas.

Consumers have increasing choice in food products and within the social environment of today's consumer, the factors of demand are increasingly complex. Food is no longer simply a primary necessity for survival, it is a leisure and family activity, the participation in which, takes up a considerable amount of time. Today, food is a social and a political issue - something about which people have opinions, be it food quality, healthiness, or the food supply itself. It is also central to consumer's self-image. There is a large sector of the economy which supplies food demand, and this sector is itself now under considerable scrutiny from the consumer. This thesis examines consumer behaviour and attitudes towards food, with particular reference to the health aspects of food issues. It describes a programme of qualitative and quantitative research - group discussions, personal interviews and postal questionnaires. The programme examines milk (particularly low fat milk) as a diet and health case study; knowledge about food; attitudes towards food; the food industry and related issues; shopping behaviour and eating habits. It is important to both the consumer and the supplier of food, that consumer behaviour and attitudes are understood as fully as possible. This research highlights the misunderstandings between consumer and producer, emphasises the mistrust of the consumer for the producer and concludes with the need for communication between them. The thesis discusses the background to diet and health as an issue, describes the development of the current consumer environment and gives a profile of today's consumer. It then goes on to detail the research - two quantitative surveys, each undertaken over two years and a series of group discussions. The final section summarises the findings of each individual piece of the programme as a whole for various groups: food Oroducers; food manufacturers; food retailers; advertisers; the media; health professionals; the consumer; consumer organisations and government.

With the development of multinational corporations, the United Kingdom has experienced increasing penetration of its economy by foreign affiliates. This is particularly noticeable in high technology industries such as Electrical and Instrument Engineering. The thesis identifies the mechanism by which direct foreign investment can influence industrial structure in such an industry; charts the effects within the UK Electrical and Instrument Engineering Industry; and identifies the extent to which this impact varies with the nationality of the investor. The study begins with a synthesis of the comprehensive and complex material available upon industrial/market structure and direct foreign investment. Chapters 2 and 3 demonstrate that the structure of Electrical and Instrument Engineering has changed significantly since the inter-war years. Productive capacity has expanded faster than that of any other UK industry. Throughout the minimum-list-headings of the industry market power has become more concentrated in the hands of the largest companies. Individual affiliates now display greater product specialisation and vertical integration, whilst the level of entry barriers has risen steadily. The model presented in chapter-3 hypothesises that direct foreign investment can be related to industrial structure in three distinct ways. Firstly, that a relationship exists between the distribution of foreign affiliates 11 25 I and the structural characteristics of the industries in which they operate. Secondly, that a similar relationship exists across the minimum-list-headings of each individual industry. Thirdly, that the operating characteristics of foreign affiliates in any individual minimum-list-heading differ from those of domestic companies. The first two of these are termed the Destination impact, and the third the Behavioural impact of direct foreign investment. The results of a survey of over 500 British and foreign owned companies, sub-divided by origin and size, suggest that foreign affiliates have contributed significantly to the changing structure of Electrical and Instrument Engineering both in their destination and behaviour. The destination of foreign investors was significantly related to areas displaying the fastest growth of productive capacity; imperfection of competition; technologically specialised and vertically integrated operations; and high barriers to entry. The behaviour of individual foreign affiliates was found to differ significantly from that of their UK counterparts (including affiliates of UK multinationals). Foreign owned companies exhibited high levels of sales. growth and efficiency; a disproportionate impact upon the distribution of market power; greater product specialisation and levels of vertical integration; and a significant contribution to the level of entry barriers. This influence was compounded by a greater productivity and profitability in the foreign affiliate; a differing pattern of geographical location to that of UK owned establishments; and a domestic reaction by UK companies and the government to foreign penetration. Variations within the foreign group were related to geographical origin. The total operations of US affiliates were most significant, but investors from EEC countries displayed characteristics which varied most from those of UK companies. The study concludes by relating changes in industrial structure to the presence of foreign affiliates, and outlining the implications of further foreign involvement

This thesis explores causal attribution statements on performance outcomes given in annual reports of UK listed rms. The objectives are three-fold. First, it analyses the nature and extent of attribution statements provided. Second, it explores corporate governance factors and rm-speci c characteristics that are related to the provision of attribution statements. Finally, it investigates the economic consequences of providing attribution statements by examining their association with the rm's cost of equity capital. Using data drawn from a sample of 142 UK rms listed on the London Stock Exchange, content analysis was used to measure the extent of attributions in the annual reports for the year 2006. The results show that the volume of attribution statement provision is generally low and variation across rms is low. Firms also show a strong tendency to explain performance with internal rather than with external reasons. The results from regression analysis show that the volume of attribution statements and the space given to internal and external attribution statements is associated with the proportion of non-executive directors, director share ownership, audit committee size, market value, gearing, pro tability and new share issues. With respect to the relationship between the attribution statements and the cost of capital, the PEG model was employed to estimate the cost of equity capital. The ndings indicate an association between attribution statement provision and the cost of equity capital, but only for rms with low analyst following. For these rms, more extensive performance explanations and more extensive internal explanations are associated with a higher cost of equity capital. However, attribution statements are unrelated to the cost of equity capital for rms with high analyst following. The thesis makes two contributions in the area of attribution determinants. First, it measures attribution provision with a measure that has not been previously applied in the literature to measure attribution statements. Second, it provides evidence on how rm-speci c characteristics and the rm's corporate governance mechanisms in uence the extent and the type of performance explanations provided by rms. The thesis makes four contributions regarding the e ect of attribution statements on the cost of capital. First, it uses a quantitative approach to directly estimate the cost of capital e ects of attribution statements. Second, it provides evidence that the association between attribution statements and the cost of equity capital is in uenced by an interaction between attribution statements and analyst following. Third, the thesis provides the rst evidence of the relationship between attribution statements and the cost of equity capital in a UK setting. Fourth, it provides evidence that the relationship between disclosure and the cost of equity capital is complex and is in uenced by interactions between disclosure and information intermediaries.

This dissertation investigates the dynamics of mass attitudes toward redistributive social policies in post-industrial democracies: How have these attitudes changed over time? What factors and mechanisms drive these changes? According to workhorse models in political economy, as inequality increases, support for redistributive social policies should also increase, especially among those most likely to benefit from them. Yet, despite a sharp growth in income inequality in the United States and the United Kingdom since the 1970's, there is no evidence that attitudinal trends match these predictions. Drawing from findings in the behavioral sciences on mental processes of attitude formation and on the role of other-oriented concerns, I argue that political economy's workhorse models perform well only under specific scope conditions. Once these conditions are accounted for, observed trends become less puzzling. First, workhorse models only capture one component of demand for redistribution, namely support for redistribution conceived as taking from the "rich" (redistribution from), and ignore a separate component, support for redistribution conceived as giving to the "poor" (redistribution to). These two facets of redistribution, I argue, prime different individual motives: self-interested income maximization on the one hand, and other-oriented social affinity with welfare beneficiaries on the other, which is shaped by social ranking and non-economic moral dispositions. Second, attitudinal change that matches these models' predictions is conditional on whether elites politicize redistributive issues. The nature and structure of the options available in one's political environment impact the kind of choices citizens make, i.e. the motives that guide attitude formation. I show how elite competition over distinct redistributive agendas increases the likelihood that individuals will translate their economic circumstances into support for, or opposition to, redistribution. Through a context-sensitive analysis of longitudinal survey data, I show how most of the action in the UK and the US has happened through other-oriented motives. The decline in the predictive power of income in these countries, has been mirrored in both countries by an increase in the predictive power of moral values. Differences in the choice sets provided by elite-level electoral competition help explain how this plays out differently on each side of the Atlantic.

In The Spirit of the Laws, Montesquieu distinguishes between governing regimes and positive law based on principles that emerge from relationships within the actual world and laws based on prejudices or ignorance which encourages one group to exert political power adverse to others. The reduction of the influence of prejudice becomes a central component of Montesquieu’s political theory. It requires the promotion of moderation and political liberty and becomes the central work of the legislator in “free and moderate” or self-governing states. Montesquieu’s conception of moderation and liberty requires him to develop a conception of liberalism in contrast to the approaches of both the ancient republics of singular institutions and the modern political theorists, Machiavelli and Hobbes. Both the ancient and modern conceptions of liberalism rely on a version of prejudice-inspired regimes that are inappropriate to modern self-government. The English Constitution provides the best practical example of a “free and moderate state” that can aspire to political greatness. England promotes political liberty in its two forms through the separation of powers and political partisanship, while it encourages moderation by the prudent harnessing of England’s “mores, manners, and received examples” in the form of religion, commerce, and politics (XIX, 27). The English Constitution demonstrates the difficulty of reducing prejudices for other states, and highlights Montesquieu’s ambivalence regarding man’s potential to govern himself given the constraints upon him. / text

With the increasing population heterogeneity and rising tensions in Western nations, the governments of those nations have sought ways to manage conflict between different groups. This often comes in the form of laws criminalizing certain speech, and numerous Western nations have passed bills strengthening sanctions against hate speech or adding previously unprotected groups. However, when the European Union attempted to pass strict hate speech legislation, many EU member states disagreed with its provisions and, due to the structure of the EU, managed to substantially change the resulting legislation. This study examines how proponents and opponents of hate speech legislative change frame the issue and the role the EU. / text

Waste and its management is a dynamic subject that has far reaching implications. These extend beyond basic practical issues of producer responsibility and consumer behaviour, and encompass pollution and environmental problems in a global context. Economic concerns, such as scarcity of resources and the emergence of environmental issues such as sustainability, have influenced the need for a waste management strategy that will increase material re-use and recycling, and energy recovery. Increasing quantities of waste and changes in its composition have placed an ever increasing pressure on traditional disposal routes, namely landfill, giving impetus to the development of alternative management options. The emphasis on management through a waste hierarchy has resulted in a trend throughout Europe of striving towards numerical targets to induce movement away from landfill. In 1990 the UK government set a target of recycling 25% of household waste by the year 2000. The Dutch have set a general waste target to separate 65% of waste for recycling, by the year 2000. Currently, achievement of the UK target is unlikely. Explanations for this do not stem from the target being too high, as it has been illustrated in Europe and more specifically in the Netherlands, that more stringent targets are already being attained. Therefore this research is of importance in developing a greater understanding of the barriers and alternative policy incentives that exist in achieving materials reclamation and energy recovery, and aims to contribute to the development of suitable policies and strategic options. Previous research has focused on specific aspects or singular concepts within the field of waste management. Although this has proved useful in specific contexts, the results and applications have been limited. This research extends such experience further in developing a model that can link the barriers that exist with regard to the 'successful' implementation of waste management strategies. This model focuses on evaluating data gained from the case study, having identified causal relationships and underlying pressures. It introduces a way of relating national data with local data, and it is at this interface that the 'success' of a waste management strategy can be determined, or barriers to its application can be identified and policies developed to overcome such barriers. The research design has been developed within the framework of a comparative embedded case study. The methodology enables a fuller understanding of the current situation at national, regional and local level, incorporating a number of different data collection techniques. The selection of Sheffield and Amsterdam allows a greater focus on crosscultural issues with specific reference to environmental awareness, recycling behaviour and implementation strategies within each local political framework. These results can then be placed within the context of the model to identify the feasibility of policy targets, and propose modifications to the policy or strategic options available.

Ectogenesis -- literally creation outside the womb -- is a word coined by British geneticist J.B.S. Haldane in 1923 as he provocatively predicted future scientific frontiers. Fast-moving assisted reproductive technologies assure us that ectogenesis is no longer the fantastical creation of futuristic writers. Instead, it is likely to manifest in one of three ways. It may be a quiet byproduct of the lessening gap between in vitro procedures and the use of sophisticated neonatal environments. It may arise from endometrial tissue ladders grown into artificial wombs. Or, it may be as bizarre as that envisioned in Brave New World where there is an intentional effort to create an artificial womb from which the development of a human being may be scrutinized and monitored from start to finish. / The morass of hasty and reckless legislation passed in various countries to deal with the creation and termination of embryonic life shows that few are prepared to deal with exigencies of ectogenesis when it arrives insidiously or abruptly. Moreover, Eastern thought and traditions will conflict with Western ideology with respect to the beginning and maintenance of human life. This thesis suggests that the language, structure and philosophy of the United Kingdom's Human Fertilisation and Embryology Act is well crafted and should be considered as a world-wide paradigm. This thesis also suggests that ectogenesis will mandate that the interests of the developing fetus override notions of reproductive autonomy.