Boards in microfinance institutions: how do stakeholders matter?

Microfinance Institutions provide financial services to poor people. Governance of these organizations is important so that they can operate efficiently and sustainably. This study analyzes the influence of stakeholders (donors, employees, customers, and creditors), on board structure (board size and CEO duality), and on organizational performance. We use a global data set of 379 microfinance institutions from 73 countries, collected from rating organizations. Supported by stakeholder theory, agency theory and resource dependence theory, we find stakeholders to be important and have various influences on microfinance institutions. We find donors to be associated with small boards, non-duality and better performance. Employees are associated with large boards, while customers are associated with duality and good financial performance. Creditors opt for duality and better social performance. Implications and areas for future research are discussed.     

Managing Coopetitive Tensions at the Working‐group Level: The Rise of the Coopetitive Project Team

This study seeks to provide insights into the management of coopetitive tensions at the working‐group level. We theoretically discuss the principles of separation and integration and a combination of both to manage coopetitive tensions at this level. An in‐depth case study of a space programme conducted by two competitors ? Astrium and Thales Alenia Space ? was conducted. At the organizational level, according to the separation principle, we found that the coopetitors implemented a Coopetitive Project Team separated from the rest of their organization. At the individual level, according to the integration principle, we evidenced that project managers internalize the coopetitive paradox. At the working‐group level, we revealed a new principle, that of co‐management. The co‐management principle, in the case of dyadic coopetition, relies on the implementation of a dual, equally shared governance structure and a dual management committee. To efficiently manage coopetitive tensions, firms are combining the separation principle at the organizational level, the co‐management principle at the working‐group level and the integration principle at the individual level.     

Replacing eye trackers in ongoing studies: A comparison of eye-tracking data quality between the Tobii Pro TX300 and the Tobii Pro Spectrum

The Tobii Pro TX300 is a popular eye tracker in developmental eye-tracking research, yet it is no longer manufactured. If a TX300 breaks down, it may have to be replaced. The data quality of the replacement eye tracker may differ from that of the TX300, which may affect the experimental outcome measures. This is problematic for longitudinal and multi-site studies, and for researchers replacing eye trackers between studies. We, therefore, ask how the TX300 and its successor, the Tobii Pro Spectrum, compare in terms of eye-tracking data quality. Data quality—operationalized through precision, accuracy, and data loss—was compared between eye trackers for three age groups (around 5-months, 10-months, and 3-years). Precision was better for all gaze position signals obtained with the Spectrum in comparison to the TX300. Accuracy of the Spectrum was higher for the 5-month-old and 10-month-old children. For the three-year-old children, accuracy was similar across both eye trackers. Gaze position signals from the Spectrum exhibited lower proportions of data loss, and the duration of the data loss periods tended to be shorter. In conclusion, the Spectrum produces gaze position signals with higher data quality, especially for the younger infants. Implications for data analysis are discussed.     

Testing a block exchangeable covariance matrix

Testing hypotheses about the structure of a covariance matrix for doubly multivariate data is often considered in the literature. In this paper the Rao's score test (RST) is derived to test the block exchangeable covariance matrix or block compound symmetry (BCS) covariance structure under the assumption of multivariate normality. It is shown that the empirical distribution of the RST statistic under the null hypothesis is independent of the true values of the mean and the matrix components of a BCS structure. A significant advantage of the RST is that it can be performed for small samples, even smaller than the dimension of the data, where the likelihood ratio test (LRT) cannot be used, and it outperforms the standard LRT in a number of contexts. Simulation studies are performed for the sample size consideration, and for the estimation of the empirical quantiles of the null distribution of the test statistic. The RST procedure is illustrated on a real data set from the medical studies.     

Exploring Neighborhood Effects on Health and Life Satisfaction: Disentangling Neighborhood Racial Density and Neighborhood Income

This study examines the independent and synergistic influences of neighborhood racial density and neighborhood income on several indicators of health status and life satisfaction in a sample of 311 adult African Americans living in New York City. This is made possible by the two-stage sampling procedure that was used in the collection of the data, ensuring that respondents?? neighborhoods vary on both racial density and income. Findings from a series of OLS regression models that adjust standard errors to account for the non-independence of observations demonstrate that neighborhood income moderates the relationship between racial density and health and life satisfaction. When neighborhood income is low, high neighborhood racial density is detrimental for health and life satisfaction. However, when neighborhood income is high, neighborhood racial density is protective for health and life satisfaction. These results indicate that the role of neighborhood income needs to be considered when examining the relationship between neighborhood racial density, health, and life satisfaction. Moreover, these findings may provide insight for understanding the past conflicting results.     

A Note on Determining Optimal Selling Price and Lot Size Under All-Unit Quantity Discounts

A recent study conducted by Abad [1] described a method of determining the optimal price and lot size when the supplier offers all-unit quantity discounts. The author developed a procedure using centralized and decentralized approaches. According to the author's suggestion, further study is necessary to determine if the decentralized approach always provides an optimal solution. In the present study, an attempt is made to investigate the uniformity between the centralized and decentralized approaches and to verify whether the decentralized approach always yields optimal solutions.     

An Inventory Model with Planned Shortages and Price Dependent Demand

Previous research has yielded a procedure for a retailer to determine the optimal lot size and selling price when a supplier offers all-unit quantity discounts and demand is a decreasing function of price. In this paper, we extend that research by allowing for shortages. An algorithm is presented that determines the optimal lot size, order level, and selling price for a class of demand functions, including the constant price-elasticity and linear demand functions.     

Parental substance misuse and statutory child protection in England: Risk factors and outcomes

Parental substance misuse is a significant child welfare issue and associated with increased risk of child maltreatment. The aim of the present study was to understand what social care outcomes children who live with parental substance misuse have, and to assess factors associated with those social care outcomes over a two-year period. The paper reports on a retrospective longitudinal study of 299 children all living with parental substance misuse and referred to one local authority in England. Data were collected from children's social work case files about procedural social care outcomes and factors which may be associated with those outcomes. Using cluster analysis, a new typology of children's longitudinal trajectories through the children's social care system was developed, consisting of five distinct types. Analysis indicated that some children received too little intervention from children's social care despite ongoing concerns, while other children were potentially unnecessarily caught up in the social care system. Factors associated with children having the poorest outcomes were: caregiver instability resulting from substance misuse, parenting capacity and household instability. The study's findings indicate that some children who live with parental substance misuse are at significant risk of harm, but others are not and may be better supported through non-statutory services such as early help.