Psychometric Evaluation of the Serbian Version of the Multidimensional Students’ Life Satisfaction Scale

The main purpose of this study was to evaluate psychometric properties of the Serbian version of the Multidimensional Students’ Life Satisfaction Scale (MSLSS). The research was carried out on a sample of 408 high school students (250 females, 158 males), with the mean age 16.6. The Serbian version of the MSLSS has demonstrated good psychometric properties. The internal consistency coefficients (Cronbach’s α) for the MSLSS domain and total scores were adequate. Support for the validity of the MSLSS was provided by the pattern of correlations with various positive and negative indicators of well-being. However, it has been suggested that shortening the scale from 40 items to 25 items could provide more accurate measure of adolescents’ life satisfaction for the future research.     

Elements of life satisfaction among young adults in Serbia

Contemporary sociological studies argue that employment and personal life have diversified effects as determinants of life satisfaction (LS) of young adults. We have, therefore, decided to explore the three different aspects of general LS, satisfaction with personal (intimate) domain, satisfaction with family life and satisfaction with occupation (professional domain), by using the survey data on 1627 young adults aged from 19 to 35 from Serbia. The correlations between the three domains are significant, while the strongest tie is between satisfaction with intimate relations and satisfaction with family life. The analysis exposed that social variables (employment, education, housing autonomy and financial autonomy) and personal variables (partnership and parenthood) are in a diverse manner related to the three domains of LS, as well as that their effects are different for young men and women. Taking into account particularities of social context in Serbia, we have introduced functional autonomy (decision-making and acting independent of parents) as mediating variable. The results uncover that functional autonomy has little influence on satisfaction with occupation, while social variables have a strong effect, suggesting that agency in professional domain is significantly socially bound. Regression models reveal divergent and gender-specific relations of variables and three aspects of LS related to particular structural and cultural context in Serbia that sets limits to gender detraditionalization.     

European identity: between modernity and postmodernity

The purpose of this inquiry is to rethink the concept of European identity within the framework of the Declaration on European Identity and the Charter of European Identity. It will be argued that those documents employ the modernist notion of a centered, rational, stable, autonomous and unified self. However, this idea of the self leads to exclusion and essentialism. In this way, European identity cannot embrace the multiculturalism of European societies. Thus, it should be replaced by a more flexible, dynamic and shifting concept of identity.     

The impact of Serbian public relations on economic indices

This study presents the research results whose aim was to examine and define dependences and the impact of public relations on business effects (economic indices are taken as representatives of business effects). Serbian companies were the object of this research. The data were collected by polling 100 managers from 100 companies. Multivariate regression and correlation were applied in order to determine the observed dependences. The research results confirm the existence of a significant direct relation between public relations and economic indices.     

One-sided confidence intervals for population variances of skewed distributions

In this article we study the coverage accuracy of one-sided bootstrap-t confidence intervals for the population variances combined with Hall's and Johnson's transformation. We compare the coverage accuracy of all suggested intervals and intervals based on the Chi-square statistic for variances of positively skewed distributions. In addition, we describe and discuss an application of the presented methods for measuring and analyzing revenue variability within the food retail industry. The results show that both Hall's transformation and Johnson's transformation approaches yield good coverage accuracy of the lower endpoint confidence intervals, better than method based on the Chi-square statistic. For the upper endpoint confidence intervals Hall's bootstrap-t method yields the best coverage accuracy when compared with other methods.     

Strategic sustainability and financial performance: exploring abnormal returns

The ongoing empirical debate about whether SRI is associated, if anything, with subpar or surpassing financial performance is characterized by a somewhat indistinct focus and the infeasibility of tapping the full potential of existing models. By indistinct focus, we mean an analysis based on an aggregation of a myriad of SRI factors that potentially affect a firm’s financial performance. The inability of taking full advantage of existing models is reflected by the fact that studies with European data have not been able to comprehensively account for systematic risk tilts. This paper presents a portfolio analysis that overcomes these issues by analyzing a distinct selection of small and innovative firms. We argue that both their strategic implementation of Corporate Social Responsibility and the general growth in socially responsible investments (SRI) lend themselves to an explanation for positive abnormal returns of this portfolio. We account for the idiosyncratic investment style of SRI by introducing a comprehensive pan-European risk-adjusted portfolio analysis based on the Carhart four-factor model. A novel propensity score matching method in conjunction with the estimation of structural models completes the conventional robustness checks in the literature.     

New Generalizations of Cauchy Distribution

The generalized skew-normal distribution introduced by Balakrishnan (2002 Balakrishnan , N. ( 2002 ). Discussion on ‘Skew multivariate models related to hidden truncation and/or selective reporting’ by B. C. Arnold and R. J. Beaver . Test 11 : 37 – 39 .[Web of Science ®] , [Google Scholar]) is used to obtain new generalizations of univariate Cauchy distribution with two parameters, denoted by GC _{m, n} (a, b) with m and n non-negative integer numbers and a, b ∈ R. For cases (m, n) = (1, 2), (m, n) = (2, 1), (m, n) = (0, 3) and (m, n) = (3, 0) explicit forms of the density functions are derived and compared to previous generalizations of Cauchy and skew-Cauchy distributions.     

The impact of socio-economic factors on political instability: A cross-country analysis

We argue that political instability is a good indicator of disturbances in development. Moreover we argue that the causality between the political instability and the economic growth is often mistaken to run from instability to growth. Thus we tested the hypothesis that political instability is dependent on economic growth and its underlying economic and social determinants, as well as the nature of the political system present in the country. 122 countries were considered in our study in the period between 1960 and 1988. Our results confirmed that several socio-economic factors including income growth rate, initial income level, and the nature of political regime affect political instability.     

Serb Returnees in Croatia – the Question of Return Sustainability1

The authors report on representative field research dealing with ethnic Serb returnees to Croatia. The total sample consisted of 1,500 randomly chosen persons from a population of 120,000 officially registered Serb returnees to Croatia. The main questionnaire was answered by 403 respondents. Drawing on references relating to the concept of sustainability, they further develop it through differentiation of seven sustainability aspects or dimensions: safety; socio‐demographic structure of returnees; socio‐economic conditions of return; refugee experiences; citizenship and minority rights; and subjective perceptions of sustainability. According to field findings, between 35 and 45 per cent of the registered returnees reside permanently at the addresses they reported upon return, and an additional 3,5 per cent moved to other locations within Croatia. At the same time, between 35 and 42 per cent actually reside in their refugee countries (mostly in Serbia and Bosnia and Herzegovina). Some 6 per cent of returnees occasionally stay in Croatia and occasionally outside of it. The interviewers were unable to get any reliable information regarding permanent stay for 15 per cent of the people from the sample. Finally, 11 per cent of them have, in the meantime, passed away since registered return started in 1996. The research results confirm the prevailing impression that Serb returnees are predominantly old people. The average age of all interviewed family members is around 51. The findings and conceptualization suggest the need for a differentiated approach to a returnee body to better understand the complexity of a return. First, we have to distinguish among refugees potential returnees from non‐returnees (political and economic ones). Returnees themselves can then be grouped into several types: I) unconditional permanent; II) conditional permanent; III) semi‐returnees or trans‐national; IV) non‐formal and V) formal or quasi‐returnees.     

The role of productivity growth and farmers’ income protection policies in the decline of relative farm prices in the United States

The paper emphasizes three interrelated questions about the decline in relative farm to non-farm prices in the United States since 1973: (1) Is it unusual, (2) What caused it, and (3) Is it likely to continue? We find that based on historical and international evidence this phenomenon may be considered unusual. Separating farm price and income support in 1973 and growing relative productivity in agriculture have been the major contributors to changing the trend of the relative farm goods inflation. This trend is likely to continue based on predicted steady growth of relative agricultural productivity and continuation of direct payments and other forms of farm income support policies.