Corporate social responsibility and governance

Journal of Management and Governance -     

Modeling rare events through a pRARMAX process

7 and 8 introduce a power max-autoregressive process, in short pARMAX, as an alternative to heavy tailed ARMA when modeling rare events. In this paper, an extension of pARMAX is considered, by including a random component which makes the model more applicable to real data. We will see conditions under which this new model, here denoted as pRARMAX, has unique stationary distribution and we analyze its extremal behavior. Based on Bortot and Tawn (1998), we derive a threshold-dependent extremal index which is a functional of the coefficient of tail dependence of 14 and 15 which in turn relates with the pRARMAX parameter. In order to fit a pRARMAX model to an observed data series, we present a methodology based on minimizing the Bayes risk in classification theory and analyze this procedure through a simulation study. We illustrate with an application to financial data.     

The Influence of Gender Equality on Volunteering Among European Senior Citizens

VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations - This research analyzes how gender equality influences the participation of European senior citizens in a range of...     

Authority Concepts Among Children and Adolescents in the Island of Macao

We examined the reasoning of children and adolescents in the island of Macao regarding the bases of legitimate authority across social contexts. We asked 101 children in 3rd, 5th, and 7th grades to evaluate the authority of persons issuing commands to children in two events. In one, persons with varying combinations of authority attributes issue a command that resolves a turn‐taking dispute between children in school. In another, persons with varying social positions issue a command to children to stop playing ball across three contexts: school, home, and a public park. Results show that, although young Macanese reason in many ways similar to American children, social position may be a less important legitimizing authority attribute for them than for American children.     

The Ranking of the Regions With Regard to Their Sports Facilities to Improve Their Planning in Sport: The Case of Spain

Sports facility planning by the public authorities should be considered to be one of the main policies to have an indirect influence on the aim of ensuring a healthy population, as well as reducing its physical inactivity. Our research aims to study and compare the state of sports infrastructures in the regions of Spain, using a synthetic indicators. Our results should serve not only to detect the vast imparity between different regions, which has come about because of varying investment and management with regard to sports infrastructures, but also to redirect building planning and sports management policies onto the right path, and also give food for thought.     

Family Sponsorship and Late-Age Immigration in Aging America: Revised and Expanded Estimates of Chained Migration

We use the Immigrants Admitted to the United States (microdata) supplemented with special tabulations from the Department of Homeland Security to examine how family reunification impacts the age composition of new immigrant cohorts since 1980. We develop a family migration multiplier measure for the period 1981–2009 that improves on prior studies by including immigrants granted legal status under the 1986 Immigration Reform and Control Act and relaxing unrealistic assumptions required by synthetic cohort measures. Results show that every 100 initiating immigrants admitted between 1981 and 1985 sponsored an average of 260 family members; the comparable figure for initiating immigrants for the 1996–2000 cohort is 345 family members. Furthermore, the number of family migrants ages 50 and over rose from 44 to 74 per 100 initiating migrants. The discussion considers the health and welfare implications of late-age immigration in a climate of growing fiscal restraint and an aging native population.     

Is Over-Education a Problem in Spain? Empirical Evidence Based on the EU-SILC

Spain is suffering an important economic slowdown which affects significantly to unemployment rises. For this reason, many individuals are considering to increase their educational level. However, this decision can lead to get worse labor market indicators. In this paper, we analyze the problem of over-education in Spain and its effect on earnings. Using the last four waves (2009–2012) of the European Union Statistics on Income and Living Conditions (EU-SILC, 2009–2012) this study analyses over-education situation of employed people and compares over-education rates and earnings of these individuals. Cross-sectional analysis (focused on a recent period of time) is performed. We apply different matching techniques based on propensity score methods to evaluate the impact of over-education on personal earnings. The results obtained in this paper add more empirical evidence supporting the effect of education on earnings together with occupational placement because over-education could be a great problem for many countries. In Spain, there exists a problem of over-education which varies among occupations. Overeducated workers are most likely to be found among “Service workers and shop and market sales workers” and “Elementary occupations”. Also, the majority of individuals working as “Professionals” are adequately educated. Besides, over-education has a significant negative impact on earnings. Although the results depend on the way we define over-education (interval or modal method), those individuals over-educated receive less earnings than they correspond to. In fact, the decrease can reach about 5000 euro per year.     

Evidence of bias in the Eurovision song contest: modelling the votes using Bayesian hierarchical models

The Eurovision Song Contest is an annual musical competition held among active members of the European Broadcasting Union since 1956. The event is televised live across Europe. Each participating country presents a song and receive a vote based on a combination of tele-voting and jury. Over the years, this has led to speculations of tactical voting, discriminating against some participants and thus inducing bias in the final results. In this paper we investigate the presence of positive or negative bias (which may roughly indicate favouritisms or discrimination) in the votes based on geographical proximity, migration and cultural characteristics of the participating countries through a Bayesian hierarchical model. Our analysis found no evidence of negative bias, although mild positive bias does seem to emerge systematically, linking voters to performers.