The Contingent-Claims Approach to Investment Decisions*

This paper presents a contingent-claims approach to project valuation when capital expenditures are made sequentially over time. It focuses on an important facet of sequential investment projects that the firm can undertake—or pass up projects—as more information becomes available. The contingent-claims approach takes account of this important feature of firms' investment decision process, whereas the traditional capital budgeting procedure does not. Since the traditional method does not reflect the options nature of investment opportunities, it underestimates the value of sequential investment projects. As a result, a naive implementation of the traditional capital budgeting procedure could result in rejecting profitable projects. The extent of undervaluation associated with the traditional capital budgeting procedure is greater when the correlation between the random component of the future asset value and that of the required capital expenditure is smaller and/or when the growth rate of the required capital expenditure is higher.     

Pathways from workplace flexibility to turnover intention: Role of work–family conflict,family–work conflict,and job satisfaction

This study examined the prevalence of workplace flexibility and the mechanisms that allow workplace flexibility to influence turnover intentions through work–family and family–work conflicts and job satisfaction among low‐wage workers in South Korea. Participants included 250 low‐wage workers whose monthly salary was less than 2 million Korean won (approx. $1,900). The study results indicate that low‐wage workers have limited access to workplace flexibility and that workplace flexibility plays a significant protective role in reducing their turnover intention, indirectly by decreasing work–family conflicts and enhancing job satisfaction. This article also discusses the implications of these findings for labor policy and social work practice.     

Defining Social Inclusion for Children with Disabilities: A Critical Literature Review

Social inclusion is a complex and often misunderstood concept. For children with disabilities, research has documented the degree of loneliness, bullying and exclusion they often experience in their social lives. This paper presents the findings of a critical literature review on the social inclusion of children with disabilities. Study methods comprised rigorous criteria for study selection followed by established protocols for evaluating studies. Reputable rating scales were used to examine peer‐reviewed research published within the last 10 years. Fifty‐four studies were analyzed for essential themes. Findings reflect a broad range of stakeholder perspectives and factors that promote or inhibit social inclusion, including child‐specific variables as well as environmental influences. Additional research should focus on the perspectives and experiences of children in inclusive settings, particularly those with disabilities, as a means of safeguarding their future social and emotional well‐being.     

Employment and earnings of foreign-born scientists and engineers

Population Research and Policy Review -     

澳洲台湾移民居住地选择的初探

本文针对悉尼和布里斯本两个都市之台湾移民的分布及居住迁徙作深入研究。主要透过深入访谈的方法 ,系统性的针对台湾移民选择居住地的因子及决策过程进行探讨 ,并尽量以社会地理学“局内人”的观点 ,架构居住地改变和选择的逻辑来思考整个迁徙过程的机制。研究结果显示 ,随着时间的改变 ,作迁徙决策时所考量的因子也会改变。刚到澳洲时 ,选择居住地的因子主要会考量亲友意见 ;随着经验的累积及对周遭环境的熟悉 ,个别差异性开始凸显 ,每个人对居住地的选择会有不同的考量与分析。在迁居上 ,有向双拼式建筑或都市公寓型房子搬迁的趋势     

Limites et pertinence de la guerre juste face au terrorisme et aux nouvelles guerres

This article aims to examine the pertinence as well as the limits of the just war theory in order to apprehend the ethical issues raised by contemporary forms of political violence. Terrorism is undoubtedly an extreme case of political violence that puts to the test the theoretical and practical relevance of jus ad bellum and jus in bello principles. From a sociological point of view, it appears necessary to understand contemporary terrorism within the historical evolution of armed conflicts and under the light of current research devoted to the concept of ‘new wars’. Although I will argue that just war theory does not sufficiently take into account current studies on the empirical features of contemporary wars, it is nonetheless possible to salvage the theoretical and practical relevance of just war theory in a more specified sense. From a philosophical point of view, the goal of this article is to confront the theoretical and practical relevance of just war theory with the current body of research in the field of the sociology of war in order to assess both its limitations and its potential scope.     

Wrapping and Unwrapping Emotions: Clinical Practice with East Asian Immigrant Elders

Using the cultural norm of the way gifts are wrapped, unwrapped, and exchanged as a metaphor for interpersonal connections, this paper presents the way therapists can establish therapeutic relationships with East Asian clients who do not express emotions openly. We first discuss the ways in which emotions are conceptualized, experienced, and expressed in East Asian cultures. We then present vignettes of our work with older Chinese and Japanese immigrant women to illustrate the importance of therapist authenticity and co-construction of the therapeutic relationship. Using the framework of relational/cultural theory, which posits that healing takes place in the context of mutually empathic growth-fostering relationships, we illustrate the importance of establishing mutuality between therapist and client as a form of cultural empathy.     

Evaluation of <Emphasis Type="Italic">Safer,Smarter Kids:</Emphasis> Child Sexual Abuse Prevention Curriculum for Kindergartners

This study assessed the effectiveness of the Safer, Smarter Kids kindergarten sexual abuse prevention curriculum in meeting its educational objectives of increasing children’s knowledge of safety risks and self-protection strategies. The study utilized a two-phase non-probability convenience sample of public school kindergarten students. The sample consisted of 1169 students in four school districts in Florida. Using an alpha level of .05, a paired-samples t test was calculated to compare the mean pretest scores to the mean posttest scores of the youth participants. The mean difference was significantly greater than zero (p-value ≤.001). The measurement instrument used to assess student gains functioned well in terms of reliability (α = .82). The effect size was large with a Cohen’s d effect size of 1.09. The results indicated that completion of the Safer, Smarter Kids curriculum was followed by a significant increase in students’ knowledge of key prevention concepts with a 77 % increase in scores post intervention.