The impact of family owners’ monitoring on CEO turnover decisions and the role of trust

Even though there is clear evidence that large shareholders play an effective monitoring role over poorly-performing CEOs, the monitoring of family owners is yet quite unexplored. This study investigates the impact of family ownership on the CEO turnover-performance sensitivity, examining two potential factors that can affect the ability of the family owners in ensuring a prompt replacement of an underperforming CEO. First, we examine whether the monitoring of family owners is weakened by the existence of family ties with CEO. Second, we investigate whether the monitoring of family owners over professional CEOs is affected by the cultural propensity to trust or distrust a stranger. Our findings show that family owners are able to ensure a prompt replacement of an underperforming CEO only when the CEO is not a family member but rather an outside professional. Moreover, we find that the effectiveness of the family’s monitoring over professional CEO is weaker in environments characterized by the cultural propensity to distrust a stranger, rather than in contexts characterized by the cultural feeling to trust an outsider.     

Rural development and the regional state: Denying multifunctional agriculture in the UK

Under the emerging rural development paradigm, we argue that to be multifunctional an activity must add income to agriculture, it must contribute to the construction of a new agricultural sector that corresponds to the needs of the wider society and it must reconfigure rural resources in ways that lead to wider rural development benefits. By evaluating UK rural policies on the basis of whether or not they attempt to meet these conditions, this paper shows that an implicit recognition of agriculture's multifunctional character has occurred recently through the shift from a sectoral to a regional and territorial perspective that reintegrates farming into rural development. However, in practice, and especially in England, the UK government has been unable to turn multifunctional activities into a real rural development option. In fact, by continuing to support agri-industrial/retailer interests on the one hand, and post-productivist— environmental and amenity— interests on the other, the State is governing mostly by setting up competitively organized ‘projects’ and schemes that continue to justify the concentration (and limitation) of resources allocated to agriculture. Based upon a critique of policy developments over the past decade, this paper emphasizes the need for more innovative forms of state innovation that provide opportunities for new, creative and more spatially embedded forms of supply and demand management in agri-food. In the conclusions, the paper also argues that more critical research is needed to uncover the existing and potential role of both governments and producer networks in progressing sustainable rural development through agricultural multifunctionality.     

Socioemotional characteristics of minors in foster care: A comparison between the estimation of parents,teachers and children

During the child's first few years, it's of fundamental importance the presence of a strong emotional base as long as it creates the possibility to open themselves to physical and social world with confidence, and as it acts as a facilitator of cognitive development. For this reason, if the family cannot ensure such base, social services are forced to resort to foster care, a resource that has a lot of difficulties, leading to different implications in the development of the child and of the foster family. It is therefore important to analyze in depth the socio-emotional variables that characterize children who are in a situation of foster care in order to provide adequate assistance to optimize their development. For this 32 minors in foster care, 31 foster parents and 28 teachers from the city of Valencia, were administered the BASC. The results highlight that parents are evaluating children, in general, worse than tutors. Specifically they consider children more aggressive, they detect more behavioral and attention problems and recognize in them a greater tendency to externalize the problems, while the teachers consider these children as with more social and adaptive skills. There were no significant differences between the scores of parents, teachers and children. High levels of psychopathology (which are clinically significant in various cases) and the fact that host parents evaluate minors as more problematic, are indicators of parents' and minors' need of support from public organizations.     

Ethno-cultural diversity and the limits of the inclusive nation

ABSTRACT

Migration is often said, in the public discourse, to pose a threat to the nation. Yet, Western societies are undergoing an irreversible demographic change spurred in great part by international migration. Thus, the question about how to reconcile nation and diversity remains of crucial importance for many countries. By focusing on the case of Italy, the article attends to this issue, by exploring the response of leftist political parties. We analyse parliamentary debates and laws related to immigration and integration issues (1986–2014), focusing specifically on the Turco-Napolitano Law (1998), possibly the most progressive legislative attempt at incorporating migrants into the Italian nation. Our analysis shows a clear incongruence between the pluralist rhetoric of the political left and its legislative acts on migrants’ national incorporation. This finding is used to reflect on the limits and possibilities of the very idea of inclusive nation in the age of migration.     

Subjective Well-Being, Income and Relative Concerns in the UK

We present an empirical model aimed at testing the relative income hypothesis and the effect of deprivation relative to mean income on subjective well-being. The main concern is to deal with subjective panel data in an ordered response model where error homoskedasticity is not assumed. A heteroskedastic pooled panel ordered probit model with unobserved individual-specific effects is applied to micro-data available in the British Household Panel Survey for 1996–2007. In this framework, absolute income impacts negatively on both completely satisfied and dissatisfied individuals, while relative income affects positively the most satisfied ones. Such an effect is asymmetric, impacting more severely on the relatively poor in the reference group. We argue that our results buttress the validity of the relative income hypothesis as an explanation of the happiness paradox.     

Small Is Beautiful? Emerging Organizational Strategies among Italian Professionals

The traditional debate about professional groups has mainly focused on conflicts between professions and organizations, reinforcing dualisms and dichotomies. Few scholars have investigated the extent to which professionalism and organizations are intertwined while focusing on the case of professionals integrated into large organizations, and even less attention has been paid to emerging forms of organization among self‐employed professionals. Taking as an example organizational trends among architects (liberal professionals) and management consultants (emerging professionals) in Italy, this article investigates how small, flexible, and (often) interprofessional organizations promoted by self‐employed professionals are increasingly instrumental in overcoming market pressures and responding to emerging social needs in times of crisis and austerity.     

Petropolis: a social history of urban animal companions

This essay provides an overview of the argument and scope of an exhibition, “Petropolis: A Social History of Urban Animal Companions” (15 July to 9 November 2003), curated by the authors for the New-York Historical Society. The visual history of pets in New York City from the 18th century to the present reveals a great deal about the changing relationships between humans and animals as the city became increasingly urbanized and industrialized and as the city came to have its dramatic mix of people drawn from many races, ethnicities and social classes. The exhibition shows a remarkable diversity of animals participating in domestic and in public city life, proving that the social history of New York City really cannot be told without including companion animals as actors and objects in that history.     

Global Poverty in the South African Economy

Many studies have been made of the incidence of poverty in particular communities in South Africa (see Carnegie Conference Papers Nos 10–72, Maasdorp and Humphries, 1975; Simkins, 1978) but there have been no attempts to estimate the extent of poverty in the economy as a whole. This paper presents the results of crude estimates of the extent of poverty within the four ‘race’ groups, and an estimate of poverty for the whole economy. Observations are also made about past trends in poverty in the metropolitan regions. No attempt is made to provide theoretical explanations of the observed poverty, to examine the likely effects of the growth path of the economy on the incidence of poverty, or to suggest policies for the amelioration of the plight of the poor. Some directions for future research are suggested in the concluding section.