Does Ownership Form Matter for Corporate Social Responsibility? A Longitudinal Comparison of Environmental Performance between Public,Private, and Joint‐venture Firms

This study examines whether a firm's ownership form has any influence on its social performance. Conventional wisdom suggests that public (publicly traded) corporations are more susceptible to corruption and socially irresponsible behavior than privately owned corporations because of the intense short‐term profit maximization pressure from shareholders and the lack of sufficient monitoring mechanisms. This study introduces an alternate perspective in thinking about the relationship between ownership form and corporate social responsibility. This study reasons that public corporations are more likely to become socially responsible because of their greater exposure to external influence and greater dependence on external actors with diverse interests. Using a panel data on the pollution management practices of 118 industrial facilities over a 13‐year period, this study shows that public corporations were indeed subject to greater external pressure to reduce pollution, and the pressure led to consistently stronger environmental performance.     

Density Estimation by Total Variation Penalized Likelihood Driven by the Sparsity ℓ1 Information Criterion

Abstract. We propose a non‐linear density estimator, which is locally adaptive, like wavelet estimators, and positive everywhere, without a log‐ or root‐transform. This estimator is based on maximizing a non‐parametric log‐likelihood function regularized by a total variation penalty. The smoothness is driven by a single penalty parameter, and to avoid cross‐validation, we derive an information criterion based on the idea of universal penalty. The penalized log‐likelihood maximization is reformulated as an ?₁‐penalized strictly convex programme whose unique solution is the density estimate. A Newton‐type method cannot be applied to calculate the estimate because the ?₁‐penalty is non‐differentiable. Instead, we use a dual block coordinate relaxation method that exploits the problem structure. By comparing with kernel, spline and taut string estimators on a Monte Carlo simulation, and by investigating the sensitivity to ties on two real data sets, we observe that the new estimator achieves good L ₁ and L ₂ risk for densities with sharp features, and behaves well with ties.     

‘Autograph of a Nation’: The Daughters of the American Revolution and the National Old Trails Road, 1910–1927

In 1912, a group of women within the National Society of the Daughters of the American Revolution (DAR) undertook to become architects of the first continuous transcontinental automobile route, to be called the ‘National Old Trails Road’ highway. Consistent with many of the private road improvement initiatives during the heyday of America's good roads movement, ‘Daughters’ in many states were involved in mapping the route and posing a variety of marking schemes that would etch upon the landscape the DAR's sponsorship of the route. In doing so, the Daughters staked an explicit claim for the DAR and for American women in the project of nation‐building, by promoting their National Old Trails Road as a culmination of Manifest Destiny. This episode highlights the interrelationship of gender and the nation. This article argues that while women function passively in nationalist rhetoric to symbolise the nation, one must also acknowledge the agency of conservative women's groups in constructing and perpetuating nationalist narratives in ways that were often surprisingly complex and not simply imitative of men.     

WHAT IS HAPPENING TO THE IMPACT OF FINANCIAL DEEPENING ON ECONOMIC GROWTH?

Although the finance‐growth relationship is now firmly entrenched in the empirical literature, we show that it is not as strong in more recent data as it was in the original studies with data for the period from 1960 to 1989. We consider several explanations. First, we find that the incidence of financial crises is related to the dampening of the effect of financial deepening on growth. Excessive financial deepening or too rapid a growth of credit may have led to both inflation and weakened banking systems which in turn gave rise to growth‐inhibiting financial crises. Excessive financial deepening may also be a result of widespread financial liberalizations in the late 1980s and early 1990s in countries that lacked the legal or regulatory infrastructure to exploit financial development successfully. However, we find little indication that liberalizations played an important direct role in reducing the effect of finance. Similarly, there is little evidence that the growth of equity markets in recent years has substituted for debt financing and led to a reduced role of financial deepening on growth. (JEL E44, G10, O40)     

Studying multinational migrations,speaking back to migration theory

A growing body of migration scholarship has highlighted the inadequacies of a single‐origin‐single‐destination model for thinking about international migration in our globalizing world. Several terms – onward, stepwise, serial, secondary, triangular, multiple, and transit migration – have been coined to describe these multiple moves within a single migratory lifetime, but the lack of consensus on the terminology to describe these migrations is indicative of the lack of theoretical clarity on this emergent phenomenon. We therefore propose to introduce a new umbrella term, ‘multinational migrations', to capture the varied movements of international migrants across more than one overseas destination with significant time spent in each country. The articles presented here bring together researchers investigating multinational migrations across a range of migrant categories and between various migration hubs. They highlight how individual imaginations, aspirations, capabilities and subjectifications interact with multinational migration infrastructures (in the domains of education, tourism, labour, and citizenship) to lead to the adoption of complex multinational migration trajectories.     

The Limits of Radical Social Work

Summary Doubts raised by research evaluation of traditional caseworkhave been increased by the perception by radical social workersthat some clients' difficulties derive from their involvementwith state machinery rather than personal capacity or circumstances,and that many can be helped by working collectively with othersin their community rather than striving alone in a dependentrelationship with a caseworker. Radical aspirations, however,assume that all clients have the capacity to overcome theirdifficulties and that none are so damaged as to be able realisticallybarely to cope with them. The radicals' doubts about the usefulnessof individual support and emphasis on collective self help raisethe danger of neglecting those who are unable to participateeffectively and gain from such efforts.     

Integrating Group Dynamics Training and the Education and Development of Social Work Students

Summary This paper explores experience of the development of a groupdynamics workshop in a post-graduate course for student socialworkers. The background to the workshops is outlined with referenceto students, course staff and consultant staff. A brief summaryof different conceptual approaches to group dynamics trainingis offered in order to clarify terminology and methods. Importantconclusions concerning the design and operation of the workshopsare drawn and emphasis is placed on an analysis of the multiplerole situation of student social workers, choosing appropriatelearning designs, and making these explicit     

AN INDEX FOR THE MEASUREMENT OF CONSUMER LOYALTY*

The concept of consumer “loyalty” (i.e., preference for a particular store or brand) is intriguing to marketing scholars and practitioners. Research in this area would be enhanced by the acceptance of an operational measure of consumer loyalty. Loyalty appears to be a tri-dimensional concept; per cent of budget, allocated to the store or brand, amount of switching, and number of alternatives explored have been used to measure loyalty. Consequently, the authors propose a “loyalty index” which combines these three measures. An empirical test of the proposed index showed that the index did discriminate among degrees of consumer loyalty, and was related to consumer psychological characteristics in a manner similar to that of the generally used single measures of consumer loyalty.