The effects of pre-IPO corporate activity on newly-public firms' growth

We investigate firms' pre-IPO corporate activity. We find that firms involved in extraordinary – i.e., beyond momentum – amounts of acquisitions, JVs, and alliances in the year leading up to their IPOs (1) are more likely to engage in post-IPO corporate activity; and (2) enter into their first post-IPO transaction twice as fast as other firms. Our results indicate that signaling via extraordinary corporate activity can have a significant effect on entrepreneurial firms’ growth. The implications are discussed.     

Perceptions of grandparents who provide auxiliary care: value transmission and child‐rearing practices

A grounded theory qualitative study was developed to explore how grandparents perceive their role as socializing agents. Forty‐two grandparents with grandchildren aged from 6 to 12 years old participated in this study. Data were collected through focus groups, which were conducted until reaching data saturation and analyzed using the constant comparative method. Four general conclusions emerged from the study: (i) grandparents recognized the importance of getting involved in the socialization of grandchildren as supporters of parents' socializing role, and the need to adapt to social changes; (ii) they emphasized traditional value that were perceived in decline, and combination of warmth and involvement were considered the best way to help grandchildren internalize values; (iii) interaction with grandchildren helped grandparents to feel active and useful, increased their life purpose and gave them a second chance to enjoy what they could not with their own children; and (iv) grandparents also accused burden and role ambiguity. These results show the importance of developing family policies that recognize grandparents' socializing role. Also, interventions that promote strategies that enable grandparents to perform their role more successfully and to cope with possible family conflicts should be developed.     

Friendships in late life: A rural-urban comparison

This study examines the friendship patterns of older adults living in rural and urban areas. The sample consisted of 132 urban adults and 126 rural adults, 65 years of age and older. Respondents were randomly selected and interviewed in their own homes. While both groups were involved in joint social activities and helping behaviors with their friends, there was a distinction in the type of involvement according to geographical location.Karen Roberto is Assistant Professor and Coordinator of the Gerontology Program at the University of Northern Colorado. Her current research interests include women's health issues in aging and older people's involvement with informal support networks. Dr. Roberto holds a Ph.D. in Human Development from Texas Tech University.Jean Pearson Scott is Associate Professor in the Department of Human Development and Family Studies at Texas Tech University. Dr. Scott earned her Ph.D. from the University of North Carolina at Greensboro and is currently conducting research on Alzheimers Disease in the family and the rural elderly.This is a revised version of a paper presented at the Families and Close Relationships: Individuals in Social Interaction Conference, Lubbock, TX, February, 1982.This study was supported by a grant from AARP Andrus Foundation and the Institute for University Research, College of Home Economics, Texas Tech University, Lubbock, Texas 79409.     

BULIMIA: THE TRANSGENERATIONAL VIEW*

Within families presenting with bulimia, there exist interactional patterns that can be said to enable, and perpetuate, the binge-eating and purging symptoms of the identified patient. A transgenerational treatment method is proposed, which not only intervenes in ongoing dysfunctional patterns, but also provides a frame for creating a therapeutic metaphor (“legacy”) to direct the therapy. Rationale and stages of the treatment process are outlined, and a case example is given to illustrate use of the transgenerational frame.     

Partial and inverse autocorrelations in portmanteau-type tests for time series

We present a decomposition of the correlation coefficient between x_t and x_t?k into three terms that include the partial and inverse autocorrelations. The first term accounts for the portion of the autocorrelation that is explained by the inner variables {x_t?1 , x_t?2 , …, x _{t? k+1}}, the second one measures the portion explained by the outer variables {x _t+1, x _t+2, } ∪ {x _t?k?1, x _t?k?2,…} and the third term measures the correlation between x _t and x_t?k given all other variables. These terms, squared and summed, can form the basis of three portmanteau-type tests that are able to detect both deviation from white noise and lack of fit of an entertained model. Quantiles of their asymptotic sample distributions are complicated to derive at an adequate level of accuracy, so they are approximated using the Monte Carlo method. A simulation experiment is carried out to investigate significance levels and power of each test, and compare them to the portmanteau test.     

Corporate social responsibility,board of directors,and firm performance: an analysis of their relationships

This paper aims to contribute to the empirical evidence relating corporate social responsibility (CSR), board composition, and firm performance. Using a sample of Spanish listed firms included in the IBEX 35 over the period 2005–2010 the results show that the percentage of independent directors affect firm CSR activities, and that this effect is moderated by the resources available to the firm (measured by return on assets). Also, the CSR has a mediating role on the relation between the independence of the board of directors and firm value. These results hold for other board characteristics (board size and women as directors).     

Embedding latent class regression and latent class distal outcome models into cluster-weighted latent class analysis: a detailed simulation experiment

Usually in latent class (LC) analysis, external predictors are taken to be cluster conditional probability predictors (LC models with external predictors), and/or score conditional probability predictors (LC regression models). In such cases, their distribution is not of interest. Class-specific distribution is of interest in the distal outcome model, when the distribution of the external variables is assumed to depend on LC membership. In this paper, we consider a more general formulation, that embeds both the LC regression and the distal outcome models, as is typically done in cluster-weighted modelling. This allows us to investigate (1) whether the distribution of the external variables differs across classes, (2) whether there are significant direct effects of the external variables on the indicators, by modelling jointly the relationship between the external and the latent variables. We show the advantages of the proposed modelling approach through a set of artificial examples, an extensive simulation study and an empirical application about psychological contracts among employees and employers in Belgium and the Netherlands.     

Adaptation of a community-based participatory research model to gain community input on identifying indicators of successful parenting

Parenting models are generally based on families in stable homes, rather than in transitional situations such as in foster care, homeless shelters, and other temporary, at-risk residences. Consequently, these models do not recognize the unique challenges of families in transition. This study explored the domains of the Circumplex Model and examined its fit for transitional families using tenets from community-based participatory research. Findings suggest that in addition to the Circumplex Model's components, caregivers with children living in transition believe that managing the scrutiny of external authority systems and countering the negative influences of poverty and racism are two indicators that contribute to parenting success. Obtaining consumer-informed views of parenting not only is an important contributor to standards of practice, but also a promising avenue for future research.     

Smoking risk factors and gender differences among Spanish high school students

The objectives of the present study were to analyze the pattern of tobacco use among Spanish adolescents, as well as to determine gender differences in specific risk factors of cigarette use. The study sample was made up of 1,483 boys and 1,358 girls, aged 12-16 (M = 14). Participants were asked to answer an ad-hoc instrument to evaluate the pattern of use, perceived availability, risk of harm, family- and peer-use, engagement in leisure activities, drive for thinness, and self-esteem. Results showed no gender differences in the pattern of use. With regard to risk and protector factors, a predictive analysis showed that peer-related variables were the most determinant for tobacco use both for boys and girls. Some gender differences were also detected: Playing sports was protective for boys only, and listening to music for girls only. Drive for thinness and self-esteem were not related to tobacco use for either boys or girls. These findings help increase our understanding of smoking risk factors in adolescence and to pay special attention to the group of friends when planning prevention programs to reduce risk factors.