Over a series of studies researchers found that watching television, scrolling on smartphones and playing video games after work might “buffer” the effect of stress in chaotic households — helping people feel more relaxed at home, and therefore, aid in their recovery from the day’s stressors.

Rapid urbanization is reshaping how people live and how societies function. By the middle of this century, nearly 70% of the global population is expected to live in cities, making urban environments one of the most important determinants of public health—particularly mental health. This challenge is the focus of a recent expert position paper co-authored by researchers affiliated with Wroclaw Medical University and developed under the umbrella of the European Psychiatric Association.

The authors highlight that city living is associated with a range of risk factors that can negatively affect mental well-being. These include chronic exposure to noise, air and light pollution, overcrowding, social inequalities, poverty, and—paradoxically—social isolation and loneliness in densely populated areas. Together, these factors may increase the risk of mood disorders, anxiety disorders, and suicidal behavior.

Abstract

Purpose – Our study investigates how board co-option influences solvency risk in Australian and New Zealand banks. Board governance is considered one of the most critical variables impacting bank risk management practices and policies.

Design/methodology/approach – Our sample consists of commercial banks from both countries and data from 2011 to 2021. The results obtained were based on fixed-effect, 2SLS and GMM Models. Our results are robust to the other two measures of Board Co-option, Tenure-Weighted Co-Option and Residual Co-option, showing the applicability of our econometric model.

Findings – Results reveal that an increased proportion of co-opted directors on the board is associated with a notably reduced Z-Score ratio value, signifying an elevated level of solvency risk for banks. The evidence is consistent with the notion that co-opted directors bring about less effective board governance, escalating agency problems and enhancing solvency risk.

Research limitations/implications – The banks in these two countries must carefully establish a risk management framework under the Basel Accords to avoid risks like solvency risk. The regulators in the financial services industry may also devise mechanisms and regulate the banks under the second pillar of Basel-II and III, “Supervisory Review Process,” to avoid solvency risk management issues. Future researchers and scholars can extend the limits of future studies from two countries to various geographic locations, such as Europe, China and Southeast Asian regions.

Practical implications – Our study establishes the fact that banks in Australia and New Zealand are more exposed to solvency risk due to increasing board co-option phenomena at the board level.

Social implications – The unique measure of board co-option reveals the significance of board governance for bank risk management. To properly develop and implement bank risk management policies, the appointment and performance of board members must be actively monitored in Australian and New Zealand banks through a sensitive measure of board co-option.

This feature explores how European education systems negotiate tensions between collective ideals and growing competition. Drawing on studies from Denmark, Sweden, Norway, and Belarus, it examines shadow education, policy debates over equity, culturally grounded early childhood learning, and enduring post-Soviet public institutions. Together, these perspectives reveal education as a social mirror, continuously balancing public good, cultural identity, historical legacy, and individual ambition across diverse European contexts and shared societal values.