In Good Times but Not in Bad: The Role of Managerial Discretion in Moderating the Stakeholder Management and Financial Performance Relationship

We examine the role of managers in controlling the positive impact of stakeholder management (SM) on firm financial performance (FP) in the long term. We develop and test competing hypotheses on whether managers act as “good citizens” or engage in “self‐dealing” when allowed greater discretion. We test our assertions using dynamic panel data analysis of a sample of 806 U.S. public firms operating in 34 industries over 5 years (2005–2009). Our results indicate a nuanced influence of managerial discretion contexts on the SM‐FP relationship. We infer that given more latitude in decision making, as long as the “going is good” managers act as good citizens, but otherwise they revert to managerial self‐dealing. In light of our results, firms designing governance mechanisms to encourage managers to balance the needs of both shareholders and stakeholders must remain cognizant of contextual contingencies.     

Complex Interrelations of Trait Vulnerabilities in Mothers and their Infants

Despite the developmental and clinical relevance of this area of inquiry, no studies have examined the interrelations of trait vulnerabilities in the affective, behavioral, and interpersonal domains between mothers and their infants. Thus, this study examined the interrelations of three trait vulnerabilities (i.e., negative affective intensity, impulsivity, and insecure attachment) between mothers and their 12‐ to 23‐month‐old infants, focusing in particular on the unique and interactive influence of these maternal trait vulnerabilities on the expression of and precursors to these traits in their infants. Mother–infant dyads (N = 101) completed several laboratory procedures, and mothers reported on their own and their infants' expressions of the trait vulnerabilities of interest. Findings from this study provide preliminary evidence for intergenerational relations between these traits and suggest that it is the confluence of trait vulnerabilities in mothers that relates to the early expression of some of these traits in infants.     

Intergenerational Life Courses of Teenage Pregnancy in Ogbomosho South‐Western Nigeria

Concern that the teenage pregnancy rate in an urban community in Southwest Nigeria has doubled within the last decade prompted an intergenerational survey of a sample of 277 respondents (163 pregnant teenagers, 91 teen parents and 23 adult parents who were once teen parents) selected through snowballing and then interviewed in four group discussions in Ogbomosho, Nigeria. Findings revealed that 43.5 per cent of the female and 48.5 per cent of the male teenagers informed their parents first when they became pregnant or made someone pregnant respectively. They also showed that lack of knowledge about puberty (21.3%) was a major factor that influenced teenage pregnancy. The majority (53.4%) of the respondents believed that their parents perceived teenage pregnancy as God's blessing, while it was perceived as sign of poverty by their school teachers (36.5%). Blame for unwanted pregnancy was put on the girls by 49.5 per cent of the respondents. Focused educational enlightenment for teenagers on sexual reproductive health is needed for reshaping teenagers' risky behaviours. This is in line with 25.6 per cent of the respondents who felt that community youth forum on sex education could reduce teenage pregnancy.     

FLIP‐FLOPPING: IDEOLOGICAL ADJUSTMENT COSTS IN THE UNITED STATES SENATE

Using a long panel of roll call voting data, I find that “flip‐flopping” senators face significant electoral costs when changing positions. In models of electoral competition, as the costs to candidates changing position approach zero, the equilibrium prediction is the convergence of platforms. Such convergence is at odds with empirical observation. Using a dynamic, structural model of candidate positioning, I identify the nature of the costs associated with changing position that may result in such non‐convergence. (JEL D72, C61, H11)     

Identity Development in a Transracial Environment: Racial/Ethnic Minority Adoptees in Minnesota

It has been argued that transracially adopted children have increased risk of problems related to self-esteem and ethnic identity development. We evaluated this hypothesis across four groups of transracial adoptees: Asian (n = 427), Latino (n = 28), Black (n = 6), mixed/other (n = 20), and same-race White adoptees (n = 126) from 357 adoptive families. No mean differences were found in adoptees’ ratings of affect about adoption or of curiosity about birth parents. Some differences were found in general identity development and adjustment. There were notable differences in communication about race/ethnicity across groups and between parent and child report.     

Cost of Living Variation,Nonmetropolitan America,and Implications for the Supplemental Poverty Measure

Population Research and Policy Review - Poverty scholarship in the United States is increasingly reliant upon the Supplemental Poverty Measure (SPM) as opposed to the Official Poverty Measure of...     

Environmental disasters as risk regulation catalysts? The role of Bhopal,Chernobyl, Exxon Valdez,Love Canal,and Three Mile Island in shaping U.S. environmental law

Unexpected events such as environmental catastrophes capture wide public attention. Soon after five major shocks—Three Mile Island, Love Canal, Bhopal, Chernobyl, and the Exxon Valdez oil spill—Congress voted on new risk regulation. This paper conducts an event study to test whether individual congressional representatives were “shocked” by these environmental disasters into increasing their probability of voting in favor of risk legislation. On average, representatives were less likely to vote in favor of bills tied to these five events. Significant heterogeneity in representatives’ responses to these shocks is documented. Liberal Northeast representatives were most likely to increase their pro-environment voting in the aftermath of these shocks.

The World Ozymandias Made: Utopias in the Superhero Comic,Subculture, and the Conservation of Difference

Revolution is the triumph of freedom; its organization is based on spontaneity, not on the dictates of a “hero” who imposes himself through violence. It is a continuous and systematic elevation of a people, following the lines of a hierarchy, and creating for itself one by one the organs that the new social life demands.