Managers’ Resources for Authentic Leadership – a Multi‐study Exploration of Positive Psychological Capacities and Ethical Organizational Climates

While authentic leadership is highly valued in today's business world, managers do not necessarily have the resources to attain it. Building on conservation of resources theory, we propose a conceptual model to address how personal and contextual resources predict authentic leadership. Study 1 analyses the day‐to‐day variability in managers’ positive psychological capacities as personal resources in relation to changes in authentic leadership. In addition, it tests ethical organizational climates as stable, contextual resources for authentic leadership. In Study 2, we replicate our results on the between‐person level and extend the research model by exploring promotion focus as a link in the relationship between personal resources and authentic leadership. Evidence from an experience sampling study with 89 managers surveyed daily on 10 consecutive working days (Study 1) and a field survey of 130 managers at two points in time (Study 2) supports the hypothesized role of personal resources and promotion focus for authentic leadership. In both studies, only principled but not benevolent ethical organizational climates emerged as a contextual resource for authentic leadership. We discuss the implications for current management research and practice.     

The role of family centres in reducing social isolation in deprived communities

Social exclusion and isolation are worldwide social and health concerns with negative effects becoming exacerbated in deprived communities. There is limited understanding related to the role of community‐based centres in reducing social exclusion and isolation, so the aim of this research was to explore the role one family centre had in improving social inclusion in a deprived community in Glasgow, Scotland. Interpretative Phenomenological Analysis was utilized to analyse interviews from 10 parents to explore their lived experiences of creating and developing social networks through family centre attendance. Findings indicate that attending the family centre positively impacted on social inclusion and social support for all parents interviewed. Relationships created in the centre were proposed as being meaningful, non‐judgemental and produced social capital—rooted in reciprocity and trust. Findings can inform services that aim to reduce social isolation in deprived communities.     

Pattern-based ILP models for the one-dimensional cutting stock problem with setup cost

Journal of Combinatorial Optimization - The one-dimensional cutting stock problem with setup cost (CSP-S) is a cutting problem that seeks a cutting plan with a minimum number of objects and a...     

Common-factor stochastic volatility modelling with observable proxy

Multi-asset modelling is of fundamental importance to financial applications such as risk management and portfolio selection. In this article, we propose a multivariate stochastic volatility modelling framework with a parsimonious and interpretable correlation structure. Building on well-established evidence of common volatility factors among individual assets, we consider a multivariate diffusion process with a common-factor structure in the volatility innovations. Upon substituting an observable market proxy for the common volatility factor, we markedly improve the estimation of several model parameters and latent volatilities. The model is applied to a portfolio of several important constituents of the S&P500 in the financial sector, with the VIX index as the common-factor proxy. We find that the prediction intervals for asset forecasts are comparable to those of more complex dependence models, but that option-pricing uncertainty can be greatly reduced by adopting a common-volatility structure. The Canadian Journal of Statistics 48: 36–61; 2020 © 2020 Statistical Society of Canada     

On the effect of item nonresponse on the estimation of a two–panel–waves wage equation

Summary: In this paper, we present results of the estimation of a two–panel–waves wage equation based on completely observed units and on a multiply imputed data set. In addition to the survey information, reliable income data is available from the register. These external data are used to assess the reliability of wage regressions that suffer from item nonresponse. The findings reveal marked differences between the complete case analyses and both versions of multiple imputation analyses. We argue that the results based on the multiply imputed data sets are more reliable than those based on the complete case analysis.* We would like to thank Statistics Finland for providing the data. We are also very grateful to Susanna Sandström and Marjo Pyy–Martikainen for their helpful advice using the Finnish data. Helpful comments from Joachim Winter and participants of the Workshop on Item Nonresponse and Data Quality in Large Social Surveys, Basel, October, 2003, on an earlier version of the paper are greatfully acknowledged. Further, we would like to thank three anonymous referees and the editor for helpful comments and suggestions.     

Symbolic interactionism and the concept of power

Symbolic interactionism is often represented as a perspective which is limited by its restriction to 'micro' aspects of social organization. As such, it is allegedly unable to adequately conceptualize 'macro' phenomena such as social structure, patterns of inequality, and power. Such a view is routinely presented in undergraduate textbooks. This paper contests such a view through a consideration of the concept of power. We argue that the interactionist research tradition does show a fundamental concern with power phenomena, and that a reconsideration of the concept is timely in light of theoretical developments in sociology more generally. An increasing concern with the analysis of culture, the continuing influence of Foucault, the development of feminist perspectives, and the emerging consensus around neo-Weberian thought have all contributed to a renewal of interest in themes long ago explored by interactionists. As examples we suggest that interactionist studies in the fields of deviance and education have been concerned above all with the authoritative imposition of consequential identities, i.e., with the social processes through which power is enacted and institutionalized in real situations. Such developments have led some to argue that interactionism has now been incorporated into the mainstream of sociology. We conclude, however, by arguing that such a view runs the risk of granting to orthodox sociological thought a legitimacy which is analytically unwarranted, and which fails to recognize the alternative theoretical and philosophical foundations of symbolic interactionist thought.