Ownership structure and investment-cash flow sensitivity

This study investigates the effect of ownership structure on the use of cash flow in financing corporate investments—the investment-cash flow sensitivity—in a concentrated ownership context. Using a sample of 6797 French listed firms from 2000 to 2013, results show that investment-cash flow sensitivity decreases with the cash-flow rights of the controlling shareholder and increases with the separation of its cash-flow and control rights (excess control rights). Firms are, thus, less likely to use cash flow in investments when the interests of controlling shareholders are aligned with those of minority shareholders. However, they appear to use considerable internal funds for their investments when they have severe agency problems, driven by excess control rights of the controlling shareholders. Overall, our findings help advance the understanding of the role of agency relationship in shaping corporate financial policy.     

Changing Identities: A Case Study of Western Muslim Converts Whose Conversion Revised Their Relationship to Their National Identity

Few studies explore the impact conversion to Islam has on a Western individual’s social identity configuration. This article focuses on six Western Muslim converts—three from Montreal, two from Berlin, and one from Copenhagen—who experienced difficulties relating to their national identities prior to conversion, exploring how it developed afterwards. A qualitative interview guide was adapted in a semi-structured format to the demands of each individual, and interviews were analyzed applying thematic content analysis. The participants reveal how they revised their social identity configuration upon conversion, ultimately reversing their antagonistic relationship to their national identity. Their narratives relate how political realities are embedded in the perception and development of the Western Muslim identity, necessitating a revaluation of their national identity as a form of social critique. Our results demonstrate how socio-political experiences of discrimination and race are all significantly implicated in the process of conversion and Muslim identity development.     

The lived experiences of becoming a homeless person with addiction in Tehran: how they are withdrawn from the mainstream community?

Understanding the experiences of street addicted people can help clarify the process of engaging people with this social problem. This study aims to discover the challenges of drug-dependent street people by exploring their lived experiences. This study was conducted using content analysis of qualitative interviews with 22 street recruited from within compulsory drug treatment centers in Tehran. Participants were selected through purposive sampling and their experiences of homelessness and addiction were collected through a semi-structured interview. After analyzing the data, three categories and eight sub-categories were determined. The main categories included instability, social distrust, and economic vulnerability. Instability includes experiences such as rejection from their home, street attraction, and avoiding returning home. The social distrust theme consists of experiencing the stigma related to addiction and high-risk behaviors. The economic vulnerability encompasses gradual capital loss and weakening their work status in the context of a weak economic foundation. Dependent drug use added to those isolating experiences leads to weakened family ties, and social and economic interactions and finally results in being disconnected completely from the community mainstream.     

GLOBALIZATION: INFORMATION TECHNOLOGY AND CULTURE WITHIN THE SPACE ECONOMY OF LATE CAPITALISM

This article analyses the process of globalization from the perspective of a 'political economy of space' where the interactions of the processes of capitalist accumulation within contexts of geographic and social space has profound shaping effects upon the nature of politics, economics and society more generally. The argument will show that contemporary globalization has two dimensions: outward into geographic space, and inward into culture and society. The focus then moves to culture and information technology within the space economy of late capitalism and argues that a crisis of finite geographic space has led to the deepening of the commodificationary processes of capitalist accumulation into the 'identity-spaces' of culture and society. For hugely popular 'cyber-gurus' such as Howard Rheingold and Myron W . Krueger, the development of information technologies such as the Internet-derived 'virtual communities' are spaces where new forms of democracy and 'being' can emerge. This article argues that 'cyberspace' and 'virtual communities' are deeply dystopic and alienated spaces, and cyber-Utopian dreams of other, possible worlds made virtual through information technology are at best naive, when it is realised that the information revolution that evolved from the processes of a particular type of globalization, has conceived and developed technologies with primarily profit, productivity, surveillance labour-saving and escapism in mind.     

Strategic Management in the Public Sector: Reflections on It’s Applicability to Iranian Public Organizations

Strategic management is a managerial story of private sector that has been transferred to the public sector. Many authors have challenged its applicability in public organizations. This paper discusses some important barriers to implementation of strategic management in the public sector empirically. After presenting a conceptual model, we examine several important factors that influence the failure or shortcomings of public sector strategic management. The last section of paper offers implications for theory and practice.     

Multivariate analysis of parity progression—based measures of the total fertility rate and its components

This article describes a methodology for applying a discrete-time survival model—the complementary log-log model—to estimate effects of socioeconomic variables on (1) the total fertility rate and its components and (2) trends in the total fertility rate and its components. For the methodology to be applicable, the total fertility rate (TFR) must be calculated from parity progression ratios (PPRs). The components of the TFR are PPRs, the total marital fertility rate (TMFR), and the TFR itself as measures of the quantum of fertility, and mean and median ages at first marriage and mean and median closed birth intervals by birth order as measures of the tempo or timing of fertility. The focus is on effects of predictor variables on these measures rather than on coefficients, which are often difficult to interpret in the complex models that are considered. The methodology is applicable to both period and cohort data. It is illustrated by application to data from the 1993, 1998, and 2003 Demographic and Health Surveys (DHS) in the Philippines.     

Explaining Unequal Levels of Social Capital in Tehran

Social capital may act as an asset to serve people in various situations. However, people do not equally enjoy the same level of social capital and there is inequality in distribution of this asset in societies. There is few research within the wider literature exploring the determinants of inequality in social capital. This study measured and decomposed inequality in the distribution of social capital in Tehran using a concentration index approach. Data was gathered through a survey in 2008, the sample included 2484 of over 18-year old residents. Social Capital Integrated Questionnaire was used to measure social capital status, its dimensions (networking, trust, and cooperation) and outcomes (cohesion and political action). Most of social capital dimensions/outcomes were unequally distributed in Tehran, favouring the rich. However, in terms of political action, the poor were more politically active than the rich in Tehran. Decomposition showed that economic status and education had the highest contributions to the observed inequalities. In efforts to move towards a more just society, these findings can inform future policies in Iran to tackle the observed inequalities in social capital.     

A program to calculate bootstrap confidence intervals for the process capability index Cpk

Franklin and Wasserman (1991) introduced the use of Bootstrap sampling procedures for deriving nonparametric confidence intervals for the process capability index, C_pk, which are applicable for instances when at least twenty data points are available. This represents a significant reduction in the usually recommended sample requirement of 100 observations (see Gunther 1989). To facilitate and encourage the use of these procedures. a FORTRAN program is provided for computation of confidence intervals for C_pk. Three methods are provided for this calculation including the standard method, the percentile confidence interval, and the biased - corrected percentile confidence interval.