Crystal Balls and Cooling Ponds: An Insight into Financial Forecasting and Funding Problems of the Nuclear Legacy

Public Organization Review - Globally, ageing civilian nuclear plant and their toxic wastes are in need of decommissioning and disposal as operational lives end. In the UK, a legacy (DTI 2002) of...     

External Information Model in a Compositional Perspective: Evaluation of Campania Adolescents’ Preferences in the Allocation of Leisure-Time

Social Indicators Research - The study of preferences of leisure-time activities provides important information on the characteristics and inclinations of specific demographics. Modeling these data...     

The younger, the better? Age-related differences in academic performance at university

In this paper, we investigate differences in academic performance among students of different ages within the same cohorts using a unique database of students at Bocconi University. Our data allow to control for potential selection effects as well as for differences in cognitive ability, as measured by an attitudinal entry test. Contrary to most of the existing evidence for younger pupils, we document that at the undergraduate level, youngest students perform better compared with their oldest peers. This finding is only partly explained by differences in cognitive ability and rather seems to be associated with differences in social activities.     

Validating Work Discrimination and Coping Strategy Models for Sexual Minorities

The purpose of this study was to validate and expand on Y. B. Chung's (2001) models of work discrimination and coping strategies among lesbian, gay, and bisexual persons. In semistructured individual interviews, 17 lesbians and gay men reported 35 discrimination incidents and their related coping strategies. Responses were coded based on Chung's models. Results supported the validity of the Work Discrimination model and two coping strategy models (Vocational Choice and Identity Management). The Discrimination Management coping strategy model was expanded. Implications for practice and research are discussed.     

Leveraging the common and outsourcing the distinct: institutional difference and multinational company identity in emerging economies

ABSTRACT

This paper explores the challenges of outsidership faced by multinational companies (MNCs) accessing emerging economies. The paper departs from popular conceptualisations of culture drawing instead on social identity theory as part of an institutions-based view, to explain how employing a singularities approach can allow the identification of commonalities of Indianness and Australianness that can be leveraged to ameliorate negative socially embedded business norms that pose a challenge to MNC success in emerging economies. This study shows that despite recognised formal (regulatory) and informal (cultural) differences, managers of Australian MNCs operating in India were able to innovatively identify and exploit cultural commonalties/singularities to ease cultural adjustment and mitigate intergroup conflict, allowing them to achieve an innovative institutional fit. The paper discusses how, using this approach, sole-venture MNCs can access many of the benefits provided by collaborative entry modes while preserving MNC identity. We further propose that the singularities approach can provide a valuable starting point to develop culturally appropriate competence training initiatives.     

Unspanned Macroeconomic Factors in the Yield Curve

In this article, we extract common factors from a cross-section of U.S. macro-variables and Treasury zero-coupon yields. We find that two macroeconomic factors have an important predictive content for government bond yields and excess returns. These factors are not spanned by the cross-section of yields and are well proxied by economic growth and real interest rates.     

Some maximum-indifference estimators for the slope of a univariate linear model

As known, the least-squares estimator of the slope of a univariate linear model sets to zero the covariance between the regression residuals and the values of the explanatory variable. To prevent the estimation process from being influenced by outliers, which can be theoretically modelled by a heavy-tailed distribution for the error term, one can substitute covariance with some robust measures of association, for example Kendall's tau in the popular Theil–Sen estimator. In a scarcely known Italian paper, Cifarelli [(1978), ‘La Stima del Coefficiente di Regressione Mediante l'Indice di Cograduazione di Gini’, Rivista di matematica per le scienze economiche e sociali, 1, 7–38. A translation into English is available at http://arxiv.org/abs/1411.4809 and will appear in Decisions in Economics and Finance] shows that a gain of efficiency can be obtained by using Gini's cograduation index instead of Kendall's tau. This paper introduces a new estimator, derived from another association measure recently proposed. Such a measure is strongly related to Gini's cograduation index, as they are both built to vanish in the general framework of indifference. The newly proposed estimator is shown to be unbiased and asymptotically normally distributed. Moreover, all considered estimators are compared via their asymptotic relative efficiency and a small simulation study. Finally, some indications about the performance of the considered estimators in the presence of contaminated normal data are provided.     

Prevalence and characteristics of sexual violence victimization among U.S. adults, 2001-2003

This article provides the most recent U.S. prevalence estimates of forced sex and unwanted sexual activity. Results of a national telephone survey conducted in 2001-2003 indicate that 1 in 59 U.S. adults (2.7 million women and 978,000 men) experienced unwanted sexual activity in the 12 months preceding the survey and that 1 in 15 U.S. adults (11.7 million women and 2.1 million men) have been forced to have sex during their lifetime. There were 60.4% of females and 69.2% of males who were 17 years old or younger at the time the first forced sex occurred. This study provides an update to the National Violence Against Women Survey with more recent national data. Findings suggest that victimization rates have remained consistent since the 1990s. These findings suggest that a continued effort toward primary prevention of sexual violence, particularly rape of children and adolescents, is needed.