Complementarity and Leverage as Drivers of the Stock Market Reaction to Global Alliance Formation

Companies are increasingly using global alliances to accelerate their international expansion. This paper identifies the critical factors that influence how the stock market will react to news of this type of alliance. We argue that abnormal returns on such news depend on the degree to which partners fill gaps in their international networks. We also argue that these alliances should be designed to take advantage of these complementarities in a well-defined geographical area. An empirical analysis of the stock market reaction to 72 global alliances by listed Spanish companies confirmed the importance of complementarity and leverage in explaining abnormal returns, and the irrelevance of the region of origin of the partner.     

Teaching Note—Developing a Professional Writing Course Using a Holistic View of Competence

ABSTRACT

Writing is a skill that spans many competencies. The Council on Social Work’s Educational Policy and Accreditation Standards promotes a holistic view of competence informed by knowledge, values, skills, and cognitive and affective processes. This teaching note contributes to the scholarship of teaching and learning by describing a professional writing course that uses a holistic pedagogical approach. We provide pragmatic strategies and assignments that can be readily adapted by other faculty and programs.     

The Balanced Worth: A Procedure to Evaluate Performance in Terms of Ordered Attributes

There are many problems in the social sciences that refer to the evaluation of the relative performance of some populations when their members’ achievements are described by a distribution of outcomes over a set of ordered categories. A new method for the evaluation of this type of problems is presented here. That method, called balanced worth, offers a cardinal, complete and transitive evaluation that is based on the likelihood of getting better results. The evaluation of each society is based on the probability of obtaining better results with respect to the others. The balanced worth is a refinement of “the worth” (Herrero and Villar in PLoS ONE 8(12):e84784, 2013.  https://doi.org/10.1371/journal.pone.0084784) that overcomes its excessive sensitivity to the differences, due to the presence of ties. We also discuss how this method can be applied for the case of heterogeneous populations and show how it can be applied in different contexts. An empirical example, regarding life satisfaction in Spain is used to illustrate the working of this method.     

Exploring dialogic strategies in social media for fostering citizens’ interactions with Latin American local governments

Although the benefits of social media for enhancing citizens’ interactions with their local governments are well known in a more global context, few studies have focused on Latin America, or on the MERCOSUR countries in particular. This paper examines the use of dialogic strategies in the social media activities of local governments in MERCOSUR countries in order to generate citizens’ online engagement. Analysis of this question enhances our understanding of the use of social media by local governments in less developed countries and highlights the need for empirical evidence on the use of dialogic communication theory regarding stakeholder engagement with social media. The findings obtained reflect the positive influence of dialogic strategies on citizens’ online engagement, particularly those based on dialogic loop, useful information and generation of return visits, aimed at fostering participation via social media.     

Attitude towards career progression in Spanish dual-earner couples: A dyadic approach

This study addresses the relevance of gender roles and perceived gender discrimination against women in attitude towards career progression in heterosexual dual-earner couples. One hundred and thirty-nine wives and their husbands completed the questionnaires independently. From a dyadic data analysis, using the actor-partner interdependence model (APIM), we examined the actor and partner effect. The following findings were made: (a) an actor and partner effect of gender roles in husbands, (b) an actor effect of perceived gender discrimination in wives, and (c) an interaction effect between partner gender roles by actor professional status in wives. Overall, results showed that gender roles and perceived gender discrimination are useful factors in understanding couples’ interdependence in their attitudes towards career progression. Results are discussed in terms of the influence of traditional gender roles in perpetuating inequality between men and women and the relevance of perceived gender discrimination against women in attitude towards career progression.     

Population Structure and the Human Development Index

Social Indicators Research - This paper provides an alternative way of measuring human development that takes explicitly into account the differences in the countries’ population structures....     

Estimating Engel curves: a new way to improve the SILC-HBS matching process using GLM methods

Microdata are required to evaluate the distributive impact of the taxation system as a whole (direct and indirect taxes) on individuals or households. However, in European Union countries this information is usually distributed into two separate surveys: the Household Budget Surveys (HBS), including total household expenditure and its composition, and EU Statistics on Income and Living Conditions (EU-SILC), including detailed information about households'' income and direct (but not indirect) taxes paid. We present a parametric statistical matching procedure to merge both surveys. For the first stage of matching, we propose estimating total household expenditure in HBS (Engel curves) using a GLM estimator, instead of the traditionally used OLS method. It is a better alternative, insofar as it can deal with the heteroskedasticity problem of the OLS estimates, while making it unnecessary to retransform the regressors estimated in logarithms. To evaluate these advantages of the GLM estimator, we conducted a computational Monte Carlo simulation. In addition, when an error term is added to the deterministic imputation of expenditure in the EU-SILC, we propose replacing the usual Normal distribution of the error with a Chi-square type, which allows a better approximation to the original expenditures variance in the HBS. An empirical analysis is provided using Spanish surveys for years 2012–2016. In addition, we extend the empirical analysis to the rest of the European Union countries, using the surveys provided by Eurostat (EU-SILC, 2011; HBS, 2010).     

Dairy Livestock Interventions for Food Security in Uganda: What are the Implications for Women's Empowerment?*

Women are increasingly the target of agricultural development programs aimed at reducing poverty and food insecurity, especially in sub-Saharan Africa. Some feminist scholars argue that such efforts are driven more by concerns about the efficient use of resources than the rights of women and do little to transform gendered power relations. We examine how development interventions that target women affect household well-being, especially food insecurity, empower women, and transform gendered power relations. Our study uses the case of the Gates Foundation funded East Africa Dairy Development (EADD) program in Uganda. Our methods include the Women's Empowerment in Agriculture Index survey and in-depth interviews of women farmers and key informants, within the EADD program. We argue that the livestock sector provides critical insights into women's empowerment because livestock are not “socially neutral” in their gendered effects. Our study found that: (1) ownership of dairy cows enhanced important dimensions of women's empowerment and gender equity that benefited women and households; (2) women's labor responsibilities for dairy cows disempowered some women by increasing their time poverty and; (3) ownership of dairy cows provided a means for women to disrupt entrenched social norms related to gender roles within the household and agriculture.