Operational Productivity,Corporate Social Performance,Financial Performance,and Risk in Manufacturing Firms

We examine the relationship between Operational Productivity (OP), Corporate Social Performance (CSP), Financial Performance (FP), and risk. Our sample frame comprises 476 firms in nine US manufacturing industries during the period 1999–2009. We employ DEA‐based measures for OP and CSP, two operationalizations for FP to reflect current profitability and market value, and two operationalizations for risk to reflect bankruptcy risk and stock price volatility. We confirm that OP is essential for good financial performance and reduced risk (as expected), but the main effects of CSP are mixed. Importantly, we find that OP moderates the CSP–FP and CSP–risk relationships. Specifically, if OP is poor, CSP is of limited benefit to FP or risk. However, at or above a threshold level of OP, firms can use CSP to build upon it to yield further improvements in FP and reductions in risk. We discuss the implications of our findings for theory and practice.     

Perceptions of intimate partner violence, age, and self-enhancement bias

Educational programs in human service professions such as social work, criminal justice, psychology, and public administration stress the importance of recognizing domestic/intimate partner violence as well as elder abuse. Students' abilities to recognize domestic violence in older couples have not been well-investigated. In this study, three vignettes were developed (Pat and Lee at age 75, Pat and Lee at age 30, Imagine yourself with Lee at age 75) in which intimate partner violence was perpetrated by the character Lee. Twenty-five items followed each vignette. When the variables of educational standing (graduate/undergraduate), ethnicity, and academic major were controlled, there were significant differences between the vignettes in 14 of 25 items (General Linear Model, F = 1.552, df = 50, p = .012). More than three out of four respondents for each vignette identified this as domestic violence and believed there was potential for serious harm. However, respondents were less likely to believe that a 75-year-old partner would know when to terminate a relationship in which there was intimate partner violence. Respondents who were asked to imagine themselves with Lee at 75 were likely to perceive Lee as more dangerous than respondents for the other vignettes. Implications are considered for educators.     

Shareholder Value Effects of Voluntary Emissions Reduction

The relationship between emissions reduction and firm financial performance has been studied with mixed results. We consider potential sources of this ambiguity by examining announcements of voluntary emissions reduction (VER) from 1990 to 2009. We measure the stock market reaction associated with VER announcements to estimate the effects of time, emissions type, and whether the reduction was announced ex ante or ex post. We find that the market reaction to VER significantly decreased over time. The changing nature of the market reaction to VER over time highlights the importance of evaluating the financial impact of any VER in the current context rather than relying on past findings. We also find that the market reaction is more positive if the reduction is for greenhouse gas (GHG) rather than other emissions types. In light of the increasing concern with GHGs, this finding should be welcome news for managers. Last, we find a more positive market reaction for VER announcements that are pledges or statements of intent rather than realized achievements of VER. Managers contemplating VER might find benefit (and at least no harm) in announcing their intent to reduce emissions rather than waiting until they have achieved the reduction.     

Extended mutual imagery in work with anxious and phobic clients

Imagery and metaphor have a long history as tools for helping and healing. This article traces that history to the present and defines and explains the author's variation of using imagery called Extended Mutual Imagery (EMI). The emphasis on mutuality is, from the social work perspective, an essential ingredient for the effectiveness of EMI. EMI has been found to be effective with anxious and phobic clients who use metaphoric and imaging language. A case example using EMI with a 47 year old anxious female client is provided followed by discussion.     

Fitting and comparing seed germination models with a focus on the inverse normal distribution

This paper reviews current methods for fitting a range of models to censored seed germination data and recommends adoption of a probability‐based model for the time to germination. It shows that, provided the probability of a seed eventually germinating is not on the boundary, maximum likelihood estimates, their standard errors and the resultant deviances are identical whether only those seeds which have germinated are used or all seeds (including seeds ungerminated at the end of the experiment). The paper recommends analysis of deviance when exploring whether replicate data are consistent with a hypothesis that the underlying distributions are identical, and when assessing whether data from different treatments have underlying distributions with common parameters. The inverse normal distribution, otherwise known as the inverse Gaussian distribution, is discussed, as a natural distribution for the time to germination (including a parameter to measure the lag time to germination). The paper explores some of the properties of this distribution, evaluates the standard errors of the maximum likelihood estimates of the parameters and suggests an accurate approximation to the cumulative distribution function and the median time to germination. Additional material is on the web, at http://www.agric.usyd.edu.au/staff/oneill/ .     

Risking the qualitative study of risk

The topic of risk has received extensive coverage in recent years. Hundreds of articles and numerous books have dealt with risk in occupations, safety, medicine, public health, and environmental pollution. However, in qualitative studies the subjective assessment of risk in everyday life have been badly neglected. Some of the reasons for this neglect, and its consequences for risk research, have been outlined in this paper.     

The dynamics of Young Men's career aspirations

Career aspirations have assumed a central place in our understanding of the process of social mobility, yet aspirations themselves have been subject to remarkably little scrutiny. We conduct an empirical analysis of the dynamics of aspirations in a cohort using data from the National Longitudinal Survey of Young Men. Our results indicate that (1) occupational aspirations decline with age; (2) the overwhelming majority of young men have high aspirations at some point; (3) occupational aspirations, highly unstable among teenagers, become more stable with age; and (4) differences by race and social origin grow with age, reflecting growing race and social class differences in educational attainment.An earlier draft of this paper was presented at the American Sociologial Association Annual Meeting, San Francisco, August 1989.     

Presidential Address: The Faculty Time Divide

The time demands of academic life are examined, drawing on data from a large national sample of faculty. I outline the divide between full-time faculty, who work long hours irrespective of rank or institution type, and part-time faculty, who work at low pay with little job security, status, recognition, or fringe benefits. The expectations of academic life in dual-career couples are hard to reconcile with the demands of parenting. This is a common problem because assistant professors are generally too old to wait until they have tenure to have children. The segmentation of academic life into an overworked core and a marginalized periphery tends to perpetuate gender inequality.