Adolescent Emotion Socialization: A Longitudinal Study of Friends' Responses to Negative Emotions

Although peer influences are thought to be critically important to adolescent development, there is a paucity of research investigating the emotion socialization practices that take place between adolescents. This longitudinal study evaluated close friends' responses to negative emotion using a newly developed assessment tool of peer emotion socialization, you and your friends. Adolescent participants (N = 205) exhibiting a range of internalizing and externalizing problems between 11 and 17 years of age were assessed and re‐evaluated two years later. Participants were asked to rate the frequency with which their friends responded to them by encouraging, distracting, matching, ignoring, overtly victimizing, and/or relationally victimizing their emotions. The results indicated high levels of internal consistency and moderate levels of long‐term stability. Close friends most often responded supportively to the participants' emotional displays, but these responses differed by gender. Also, friends' emotion socialization responses were concurrently and predictively associated with participant problem status. This study contributes to a better understanding of the processes by which adolescents' emotions are socialized by their friends and has important implications for future prevention and intervention efforts.     

Estimating the Parameters of Stochastic Volatility Models Using Option Price Data

This article describes a maximum likelihood method for estimating the parameters of the standard square-root stochastic volatility model and a variant of the model that includes jumps in equity prices. The model is fitted to data on the S&P 500 Index and the prices of vanilla options written on the index, for the period 1990 to 2011. The method is able to estimate both the parameters of the physical measure (associated with the index) and the parameters of the risk-neutral measure (associated with the options), including the volatility and jump risk premia. The estimation is implemented using a particle filter whose efficacy is demonstrated under simulation. The computational load of this estimation method, which previously has been prohibitive, is managed by the effective use of parallel computing using graphics processing units (GPUs). The empirical results indicate that the parameters of the models are reliably estimated and consistent with values reported in previous work. In particular, both the volatility risk premium and the jump risk premium are found to be significant.     

Mechanisms of Family Impact on African American Adolescents' HIV‐Related Behavior

A longitudinal model that tested mediating pathways between protective family processes and HIV‐related behavior was evaluated with 195 African American youth. Three waves of data were collected when the youth were 13, 15, and 19 years old. Evidence of mediation and temporal priority were assessed for 3 constructs: academic engagement, evaluations of prototypical risk‐taking peers, and affiliations with risk‐promoting peers. Structural equation modeling indicated that protective family processes assessed during early adolescence were associated with HIV‐related behavior during emerging adulthood and that academic engagement, evaluations of prototypical risk‐taking peers, and affiliations with risk‐promoting peers accounted for this association. Evidence of a specific pathway emerged: protective family processes→academic engagement→negative evaluations of prototypical risk‐taking peers→affiliations with risk‐promoting peers→HIV‐related behavior. Academic engagement also was a direct predictor of HIV‐related risk behavior.     

Sociétés Coopératives d'Intérêt Collectif: The Arrival of Social Enterprise Within the French Social Economy

The French nonprofit sector has been in existence since July 1, 1901 when the legal form of associations was created. Since then, as a consequence of legal, fiscal, and cultural restrictions, it has developed characteristics that are markedly different to those of other nonprofit sectors. This paper focuses on one such characteristic that makes the French nonprofit sector virtually unique, that is the restrictions imposed on social entrepreneurism. It was not until July 17, 2001 that a new organizational form called Sociétés Coopératives d'Intérêt Collectif (SCIC) was created specifically to address this anomaly. This paper discusses the context within which this organizational form was created, and the potential advantages that it offers in respect to facilitating the development of social enterprises. The paper also explains why a specific organizational form was required and why it was placed outside the nonprofit sector. It concludes by identifying potential problems concerning organizational effectiveness in delivering socially beneficial services and the difficulties that may arise as a consequence of SCIC's unique governance structure.     

Cognitive Self‐Regulation and Depression: Examining Academic Self‐Efficacy and Goal Characteristics in Youth of a Northern Plains Tribe

The relationship between cognitive self‐regulatory processes and depression was examined in American Indian adolescents from a Northern Plains tribe. Students completed measures of negative life events, self‐efficacy, goals, and depressive symptoms. Results indicated that academic self‐efficacy was strongly associated with depression. Academic self‐efficacy also correlated with intrinsically motivating goal representations, such that students who indicated high academic self‐efficacy had goals that were more important to them, goals they thought more about, and goals they viewed as wanted by the self instead of as imposed on by others. However, we did not find the hypothesized mediational model in which academic self‐efficacy influenced depression indirectly by influencing goal characteristics. Rather, this indirect model varied by grade, and differed from what we expected. Specifically, for older adolescents, higher levels of academic self‐efficacy predicted goals that were more likely to be identified as the adolescent's own, and in turn, these self‐ as opposed to other‐oriented goals predicted higher levels of depressive symptoms. Results are discussed as providing support for continued investigations into the role of specific cognitive self‐regulatory processes in youth adjustment.     

Parental Involvement Promotes Rural African American Youths’ Self‐Pride and Sexual Self‐Concepts

This study, an evaluation of the Strong African American Families Program, was designed to determine whether intervention‐induced changes in targeted parenting behaviors were associated with young adolescents’ development of racial pride, self‐esteem, and sexual identity. Participants were 332 African American mothers and their 11‐year‐old children in 9 rural Georgia counties. Families were randomly assigned to a control group or an intervention group. Unlike those in the control families, mothers in the intervention group reported increases in targeted parenting behaviors, which promoted self‐esteem, positive racial identity, and positive sexual self‐concepts among their children. These findings expand the study of African American youths’ identity development by including broader domains of identity and parenting processes other than racial socialization.