Measuring Economic and Social Impacts of Membership in a Community Development Financial Institution

This study uses qualitative and quantitative measures to answer the question: “does a community development financial institution (CDFI) provide a measurable level of social benefit to its members?” Results indicate that a CDFI does change lives in many important ways, from providing members with the ability to get their financial houses in order, to helping members take control of their financial futures, and finally through building a sense of empowerment that reaches beyond the finances of an individual or family. In general, impacts were greater for lower income and less educated households, households with children, households that used more services, and for households that indicated wealth and asset building services were most important.     

Turning Three Sides into a Delta at General Motors: Enhancing Partnership Integration on Corporate Ventures

General Motors had enjoyed global operations that were based on exports, acquisitions, joint ventures and strategic alliances throughout the 20th century. Its global-programme strategy appeared assured. However, the carmaker came unstuck when it came to creating a large-scale collaborative effort involving its own internal units. The Delta Small Car Program, involving three fully internal GM units, was terminated after its goals failed to materialise. The carmaker’s long-standing cultural tradition of autonomy for its units was what made collaboration between them difficult. We examine this GM global programme, placing it in its historical context. Our primary database consists of the perceptions and experiences offered to us by a cross-section of programme participants. By examining partner integration at the working level, we identify insights and offer recommendations pertaining to venture structure and dynamics and their role in venture success.     

Problems in the application of portfolio selection models

This paper discusses a number of problems which arise in the implementation of portfolio selection models. It is suggested that the effect of errors and biases in expected return forecasts can be reduced by using these forecasts to modify a prior distribution which leads to minimal trading activity. Efficient diversification across industry groups is hampered by the difficulties of predicting covariances. The use of a selection model through time raises the issues of revising forecasts and of the relationships upon which the appropriate investment horizon and portfolio turnover depend. Last, consideration is given to the conflicts which may exist between management objectives and the mean-variance criterion used by most models.     

Roll-out neoliberalism and hybrid practices of regulation in Australian agri-environmental governance

In the last 15 years, agri-environmental programmes in Australia have been underpinned by a neoliberal regime of governing which seeks to foster participation and ‘bottom-up’ change at the regional level at the same time as encouraging farmers to become entrepreneurial and improve their productivity and environmental performance without government interference. However, while experiencing a degree of success in terms of farmer involvement, considerable tensions are evident in such programmes. Drawing on an ‘analytics of governmentality’, this paper argues that while current agri-environmental programmes enable authorities to combine often competing and contradictory imperatives under the rubric of single political problems—what has been termed hybrid forms of governing—it also contributes to the continuing failure of these programmes to achieve their desired effects. As a consequence, neoliberal forms of governing tend to be characterised by experimentation with a range of governmental technologies in order to make programmes workable in practice. We explore two different types of technologies—standards schemes and direct government regulation—that have emerged in recent years, and how these have sought to address the limitations evident in ‘participatory’ programmes. The paper concludes by arguing that while these initiatives seek to encourage farmer compliance in seemingly divergent ways, their capacity to be workable, and have broader effects, in practice will depend upon their capacity to manage the competing imperatives of environmental degradation, capital accumulation and private property rights.     

The feeling edge of culture

During the 1960s, the new generation changed the American Creed by deemphasizing sensitivity to evidence, emphasizing feelings and deductive thought, while assuming an adversarial position against the sociopolitical order and embracing the American Black's struggle against racism. Driven by pain, fueled by fear and anger and oriented by existential values of being, the Civil Rights Movement, sought to actualize political values of justice and equality. As peaceful demonstrations dwindled, violence increased, converting individual anger to social rage. Anger's cognitive structure changed the concept of society into a dichotomy of Black victims and White oppressors, forming an ethic of sensitivity with victims occupying the moral high ground. Pain and tragedy were banished from view and blamed on oppressors as individual identities divested civil traits and acquired cultural identity, disuniting the civil society. Rubbing against the American Creed, the ethic of sensitivity produced a feeling of malaise posing a threat to mental health.     

Judgment and Analysis in Oil Spill Risk Assessment

The risk of oil spills is a major environmental issue in the siting of proposed coastal refineries, oil terminals, deepwater ports, and in the leasing of offshore lands for oil exploration and development. As with any kind of risk, oil spill risk assessment is inherently judgmental and no analytic method can eliminate the need for judgment. This paper compares representative examples of oil spill risk assessments with regard to decisions about data, variables, functional relations, and uncertainty. The comparison emphasizes the judgmental basis of analytic methods.     

Supportive parenting moderates the effect of discrimination upon anger, hostile view of relationships, and violence among African American boys

Studies have shown that exposure to discrimination increases the probability that African American adolescents will engage in delinquent behavior, especially acts of violence. The present study extended this research by examining the extent to which supportive parenting buffers a youth from these deleterious consequences of discrimination. Analyses based upon two waves of data from a sample of 332 African American adolescent males and their caretakers supported this hypothesis. Further the results indicated that there are two avenues whereby supportive parenting reduces the probability that discrimination will lead to violence. First, supportive parenting decreases the chances that discrimination will lead to anger and a hostile view of relationships. Second, supportive parenting lowers the risk that anger or a hostile view of relationships, when they develop, will result in violence.