Local linear estimation of a generalized regression function with functional dependent data

This work deals with a local linear non parametric estimation of the generalized regression function in the case of a scalar response variable given a random variable taking values in a semimetric space. The rates of pointwise and uniform almost complete convergence are established for the studied estimator when the sample is an α-mixing sequence. Two real datasets are used to illustrate the performance of a studied estimator with respect to the kernel method.     

Varying levels of anomie in Europe: a multilevel analysis based on multidimensional IRT models

Recent years have seen increased attention paid to monitoring social anomie and its dependency on micro- and macro-factors. In this paper, we endorse the theorisation of social anomie as a complex, multidimensional and multilevel phenomenon. To ensure a rigorous measurement of the varying levels of social anomie in the European countries, the current study relies on a multilevel multidimensional item response theory model which explicitly accounts for the presence of a non-ignorable missing data mechanism. This unified approach makes it possible to specify an analytical model of links between anomie features and their determinants and to explore how the latent traits of interest are influenced by individual-level factors, as well as by country-level indicators. Additionally, to avoid misleading inferential conclusions, the proposed model takes into account the respondent’s omitting behaviour, assuming that the missingness mechanism is driven by a latent propensity to respond. Data used in this study have been collected in the 2010 wave of the European Social Survey. To reduce the computational complexities, a Bayesian specification of the MIRT model is provided and the parameter model estimates are obtained through MCMC algorithms.     

Linkage leverage democratization and liberalization: is promoting democracy the same as promoting human rights?

Research on transnational human rights promotion and democratization often assumes that human rights promotion and democratization promotion are the same. But evidences from recent studies give reasons to question this assumption. This article compares the EU’s influence on democratization and human rights reforms in 29 countries in East-Europe West-Asia, the Middle East, and North-Africa. The results indicate that the impact of the EU on human rights protection is more notable than its impact on democracy levels. The article explains these results based on the lower level of threat to regime survival as a result of human rights reform, compared to democratization; the transmission of a clear message regarding the importance of the issue of human rights to the EU and to the member states; and the strong economic leverage the EU possess. The article draws policy implications including matching each policy goal with the most effective instruments to achieve it. The most effective human rights promotion instrument is economic pressure whereas democratization is more influenced by emulation processes than by economic pressure.     

Living with zombie companies: Do we know where the threat lies?

This paper shows the existence of extreme types of zombie firm, i.e. companies with negative equity that continue to do business despite having lost their entire equity. We explain how these firms are measured and how the riskier ones are defined with different determinants. Using a Spanish sample from 2010 to 2014 an index called the EZIndex is developed that includes four dimensions of the extreme zombie problem: extension, contagion, recovery signs and immediacy. The paper contributes to zombie theory on the one hand by developing a method for ranking zombie firms based on risks and changes over time, and on the other hand by using a log-linear model to detect the riskiest corporate profiles out of all these risky firms. It demonstrates significant implications that need to be considered by the competent authorities not only in terms of their impact as a whole but also in regard to the particular profile of extreme zombie firms: they are less regulated, large and located in regions with large business fabrics.     

Looking at the IPO from the “top floor”: a literature review

This article aims to assess the current situation and the evolution of the literature on the role of top level decision-makers in initial public offerings. The article combines bibliometric and qualitative reviews of 147 articles published in 57 journals until 2015. Findings show that the debate on the role of top-level decision-makers in initial public offerings has followed an irregular pathway. Research attention has moved from studies on the actors and the dynamics of going public to a focus on the strategic implications of initial public offerings. The paper is a good starting point for future policy-making interventions designed to support top-level decision-making. By enhancing awareness of the strategic role of initial public offerings, we hope to improve the governance practices associated with them. The paper also sheds light on the importance of fostering the corporate transparency of top-level decision-making in firms going public, as an additional tool to increase investors’ trust and attract financial resources. Finally, the paper provides a comprehensive overview of the academic field, examining research trends and the evolutionary pattern. It also suggests future research avenues by identifying un(der)explored issues to advance knowledge on the topic.     

Correction to: Do women directors contribute to R&D? The role of critical mass and expert power

Journal of Management and Governance - An amendment to this paper has been published and can be accessed via the original article.     

The effects of the child support provisions of the Family Support Act of 1988 on child well-being

The provisions for child support reform in the Family Support Act of 1988 are likely to have a large impact upon the well-being of children eligible for child support, a group expected to include half of the children in the country. The reform is expected to increase child support payments and thereby reduce the economic insecurity and poverty of children who live apart from a parent. It is also expected to lead to increased contact between noncustodial parents and their children, which may also enhance well-being. This paper reviews the child support system in the United States, summarizes the empirical research that has been carried out on children from disrupted families, analyzes the impact that the Family Support Act may have on child well-being, and discusses the key variables that should be measured as well as the most promising sources of data to evaluate child support reform.Any opinions expressed in this paper are those of the authors and do not reflect the views of the sponsoring institutions.     

Hope: An affective cognition

Hope is here operationalized as a predominance of expected future positive feelings over future expected negative feelings. Hope, comprised of both desire and expectation, involves the interaction of affect and cognition. Modifications of Bradburn's Affective Balance Scale were used to measure hope and happiness. Four graphic rating scales were used to measure psychological well-being, perceived health, satisfaction, and happiness. Hope, measured by the Expected Balance Scale correlated as expected with the other measures. A factor analysis further supported the robustness of the hope variable. Hope is offered as an important personality dimension worthy of continued research.