THEORIES OF RISK: TESTING INVESTOR BEHAVIOR ON THE TAIWAN STOCK AND STOCK INDEX FUTURES MARKETS

This article considers four utility functions—concave, convex, S‐shaped, and reverse S‐shaped—to analyze the behavior of different types of investors on the Taiwan stock index and its corresponding index futures. Using stochastic dominance (SD) rules, we show that the existence of all four investor types is plausible. Risk averters prefer spot to futures, whereas risk seekers prefer futures to spot. Investors with S‐shaped utility functions prefer spot (futures) to futures (spot) when markets move upward (downward). Investors with reverse S‐shaped utility functions prefer futures (spot) to spot (futures) when markets move upward (downward). We show that both spot and futures markets can exist when only risk averters are present, but futures can dominate spot only if there is some risk‐seeking behavior. These results are robust with respect to subperiods, spot returns including dividends, and diversification. (JEL C14, G12, G15)     

Making Sense of After‐School Care Dilemmas in Mothers' Stories of After‐School Care in Finland and Sweden

The study focuses on dilemmas in storied experiences of everyday after‐school care arrangements among Swedish and Finnish mothers. Finland and Sweden, which share a history of strong labour market attachment among women, arrange institutional after‐school care in similar ways. The data consist of interviews with three Swedish and six Finnish mothers. A positioning analysis of four stories shows how decisions related to children's after‐school hours were allocated among different actors. Two reoccurring dilemmas, Competent‐dependent child stories and Unburdened‐deficient mother stories, emerged from the data analysis as related to prevailing moral discourses on childhood and motherhood.     

100 key research questions for the post‐2015 development agenda

The Sustainable Development Goals (SDGs) herald a new phase for international development. This article presents the results of a consultative exercise to collaboratively identify 100 research questions of critical importance for the post‐2015 international development agenda. The final shortlist is grouped into nine thematic areas and was selected by 21 representatives of international and non‐governmental organisations and consultancies, and 14 academics with diverse disciplinary expertise from an initial pool of 704 questions submitted by 110 organisations based in 34 countries. The shortlist includes questions addressing long‐standing problems, new challenges and broader issues related to development policies, practices and institutions. Collectively, these questions are relevant for future development‐related research priorities of governmental and non‐governmental organisations worldwide and could act as focal points for transdisciplinary research collaborations.     

Middle‐Class Parents and Urban Public Schools: Current Research and Future Directions

Middle‐class flight from urban public schools to suburban districts or private schools is a key source of educational inequality. Recently, however, a number of studies have focused on middle‐class and upper‐middle‐class families who have made a different choice, opting to remain in the city and send their children to neighborhood public schools. While the movement of advantaged families into urban public schools has received positive attention in the media, this growing body of research tells a more complicated story. Middle‐class families – with their economic, cultural, and social capital – can bring important resources to schools, resulting in widespread benefits. However, their engagement in urban public schools can also lead to marginalization and exclusion. We review the emergent literature on this topic, highlighting four themes: (i) parent preferences, identities, and values; (ii) the role of marketing campaigns and informal networks in attracting the middle class; (iii) the nature and consequences of middle‐class parent engagement in urban schooling; and (iv) the relationship between neighborhood change and school change. We conclude by outlining a research agenda aimed at deepening our understanding of the mechanisms by which middle‐class parent engagement in urban schooling may serve to mitigate, reproduce, or exacerbate educational inequalities.     

The Influences Affecting and the Influential Effects of Multiracials: Multiracialism and Stratification

Early research on multiracials documents the existence of a newly emergent population, those who identify with more than one race or what is commonly now known as multiracials. Contemporary research on multiracialism has a new focus on the stratification that multiracials experience and how multiracials may be influencing a new racial hierarchy. This paper discusses some of the primary issues of multiracialism and stratification including colorism, the racial hierarchy, social class, gender and sexual orientation, and multiracial as a celebrity‐like status. As the multiracial population grows, so must the field of multiracialism grows to include critical issues and questions regarding stratification.     

WHAT IT TAKES TO BE A GRANDPARENT IN A NEW COUNTRY: THE LIVED EXPERIENCE AND EMOTIONAL WELL‐BEING OF AUSTRALIAN‐VIETNAMESE GRANDPARENTS

This study attempts to understand the lived experience and emotional well‐being of Australian‐Vietnamese grandparenthood. Thirty‐six grandparents participated in four focus group interviews while three grandparents took part in individual in‐depth interviews where the experiences of the grandparents were further clarified. The findings reveal that Vietnamese grandparents encounter many changes in their lives and their relationships with their children and grandchildren in their new homeland. However, many still seem to play important roles in the family, creating a vital bridge to grandchildren. According to our participants, the grandparents' most important roles are the maintenance of good emotional relationships and support, and the construction of harmony and continuity in their modified extended families. To be able to assume these roles, grandparents need to actively explore and consider accepting new values. For many, a successful grandparenthood brings happiness to the family, positively influences grandparents' life satisfaction and emotional well‐being, and this in turn enhances their quality of life.     

Using complexity theory in kinship practice

This reflective discussion draws on data from a collaborative enquiry into kinship or family and friends practice. It introduces perspectives from complexity and chaos theory as a way of re‐examining the challenges of kinship practice. The discussion highlights the enduring challenges for practitioners, not least, managing anxiety and uncertainty, sustaining continuity and containment, becoming experienced and taking account of the complex developmental needs of the children and their families. The discussion particularly raises questions about appropriate settings for practitioners to undertake such a demanding area of child and family social work.     

White international transracial adoptive mothers' reflections on race

Through the use of qualitative data analysis of in‐depth interviews with eight white international transracial adoptive mothers, four properties emerged that describe these mothers' racial views. These properties varied in the degree that they integrated perspectives different from the white dominant culture. The mothers did not experience significant changes in their perspective on race subsequent to adoption. This paper includes a discussion of white racial identity and implications for social work practice with transracially adoptive parents.     

Sociotropic Concerns and Support for Counterterrorism Policies*

Objective. An individual's personal experiences and perception of the collective experience are often linked to political attitudes, especially those concerning the national economy. In this article, we examine whether personal concern about terrorism and perceptions of public concern about terrorism affect attitudes about counterterrorism policies. In addition, we evaluate which factor is the strongest predictor across several counterterrorism policies. Method. We analyze individual‐level survey data collected during the fall of 2001. Results. Our results indicate that perceptions of public concerns are the strongest and most consistent predictor of policy attitudes about terrorism. Conclusion. The implications for theory about perceptions of public opinion and the competing role of personal interest and sociotropic concern are discussed.