The impact of corporate sustainability performance on information asymmetry: the role of institutional differences

This paper empirically investigates whether corporate sustainability performance (CSP) affects information asymmetry (IA) for European firms listed in the STOXX Europe 600 from 2002 to 2013. We find a significantly negative effect of CSP on IA. By exploiting institutional differences between the European countries, we determine that the negative effect of CSP on IA is more pronounced in liberal market economies compared to coordinated market economies, thus pointing to a substitutive effect of CSP and economic coordination. Further, the impact is greater in countries with stricter disclosure requirements. In such countries, there is generally a greater appetite for company-specific information. However, disclosure requirements fulfil this need only partially because they concentrate on the corporate governance dimension of corporate sustainability. Hence, information on the social pillar especially matters to investors in a complementary manner and drives the overall effect. Our study contributes to the literature on the positive capital market effects of CSP by showing the proposed effect in European capital markets and the institutional determinants of its strength.     

Sports,Poverty and the Role of the Voluntary Sector. Exploring and Explaining Nonprofit Sports Clubs’ Efforts to Facilitate Participation of Socially Disadvantaged People

Despite several decades of Sport for All policies, opportunities for sports participation are still unequally divided, with certain socially disadvantaged groups having less access to sports. To reduce this gap, structural efforts are needed. A question that arises is what role nonprofit sports clubs can fulfill in this matter. In this study, first, it is explored how nonprofit sports clubs perceive their role and responsibility towards socially disadvantaged groups and how they act on it. Second, it is investigated which factors predict the presence or absence of efforts from nonprofit sports clubs for lowering barriers. For this second question, we focus on people living in poverty. Data are based on a survey among 580 nonprofit sports clubs throughout Flanders (Belgium). The findings indicate that the human resources capacity of the club is not the main barrier. It is argued that local sports authorities and sports federations have an important part to play in supporting and encouraging sports clubs in terms of social inclusionary policies, for example by instilling awareness.     

Refining Population Health Comparisons: A Multidimensional First Order Dominance Approach

Protest parties are on the rise in several European countries. This development is commonly attributed to a growing dissatisfaction with life and associated with declining quality of life in modern society of the lowest social strata. This explanation is tested in a cross-sectional analysis of voting and life-satisfaction in 63 districts of the city of Rotterdam in the Netherlands, where the share of protest voters increased from 10 % in 1994 to 31 % in 2009. Contrary to this explanation protest voting appeared not to be the most frequent in the least happy districts of Rotterdam, but in the medium happy segment. Also divergent from this explanation was that average happiness in city districts is largely independent of local living conditions, but is rather a matter of personal vulnerability in terms of education, income and health. These results fit alternative explanations in terms of middle class status anxiety.     

Do young children preferentially trust gossip or firsthand observation in choosing a collaborative partner?

From early on in ontogeny, young children hear things being said about particular individuals. Here we investigate the ways in which testimony with social content, that is, gossip, influences children's decision‐making. We explored whether five‐year‐old (N = 72) and seven‐year‐old (N = 72) children trust gossip or firsthand observation in a partner choice setting. Seven‐year‐old children preferentially trusted what they had seen firsthand over gossip; five‐year‐old children, in contrast, did not differentiate between these two sources of information. However, five‐year‐old children (but not seven‐year‐olds) generally gave negative information more weight, that is, they showed a “negativity bias.” These results suggest that at around school age, young children become more “epistemically vigilant” about gossip.     

Taking the measure: a participatory approach to measuring and monitoring psychological empowerment in social work practices

For years, the professional field has been searching for methods that could be used to chart the effectiveness of social services. Social workers report that their current systems for registration and measurement do not provide an accurate reflection of their practice. The measurement of client empowerment might offer an alternative method that could improve the evaluation of social services. This method links the need for measuring instruments to the paradigm of empowerment, which has shaped contemporary social work. A scale for measuring psychological empowerment was developed in consultation with social workers and people in poverty, based on validated and reliable measurement scales. It was subsequently tested in two Public Centres for Social Welfare in Flanders (Belgium). Results of confirmatory factor analysis indicate that the measurement model provides a good fit for the data and that the various latent factors are reliable and valid. We conclude that the factors emerging from the factor analysis reflect the three dimensions that form the concept of psychological empowerment: the intrapsychic, interpsychic and behavioural components. Results from the post-test survey indicate that this measurement instrument is promising, and that it could offer a response to current needs, although additional efforts are needed in order to improve the instrument’s handling.     

Phonotactic Constraints on Infant Word Learning

How do infants use their knowledge of native language sound patterns when learning words? There is ample evidence of infants’ precocious acquisition of native language sound structure during the first year of life, but much less evidence concerning how they apply this knowledge to the task of associating sounds with meanings in word learning. To address this question, 18‐month‐olds were presented with two phonotactically legal object labels (containing sound sequences that occur frequently in English) or two phonotactically illegal object labels (containing sound sequences that never occur in English), paired with novel objects. Infants were then tested using a looking‐while‐listening measure. The results revealed that infants looked at the correct objects after hearing the legal labels, but not the illegal labels. Furthermore, vocabulary size was related to performance. Infants with larger receptive vocabularies displayed greater differences between learning of legal and illegal labels than infants with smaller vocabularies. These findings provide evidence that infants’ knowledge of native language sound patterns influences their word learning.     

Toward an epistemology of nano-technosciences

This paper aims to contribute to the attempts to clarify and classify the vague notion of "technosciences" from a historical perspective. A key question that is raised is as follows: Does Francis Bacon, one of the founding fathers of the modern age, provide a hitherto largely undiscovered programmatic position, which might facilitate a more profound understanding of technosciences? The paper argues that nearly everything we need today for an ontologically well-informed epistemology of technoscience can be found in the works of Bacon-this position will be called epistemological real-constructivism. Rather than realist or constructivist, empiricist or rationalist, Bacon's position can best be understood as real-constructivist since it challenges modern dichotomies. Reflection upon the contemporary relevance of Bacon could contribute to the expanding and critical discussion on technoscience. In the following I will reconstruct the term "technoscience". My finding is that at least four different understandings or types of the term "technoscience" co-exist. In a second step, I will analyze and elaborate on Bacon's epistemological position. I will identify central elements of the four different understandings in Bacon's work. Finally, I will conclude that the epistemology of technoscience is, indeed, very old-it is the epistemological position put forward by Bacon.     

Teaching minority students within minority schools: teachers’ conceptions of multicultural education in Swedish‐speaking schools in Finland

Finland is experiencing increased cultural diversity due to immigration and is facing challenges in developing multicultural education (ME) in schools. There is a Swedish‐speaking minority in Finland, and immigrant students entering Swedish‐speaking schools hence become a minority within a minority. In this study, using open‐ended interviews, we explore the views of Swedish‐speaking teachers of ‘minority within a minority students’ and of ME. We found that Swedish‐speaking teachers have a positive attitude towards cultural diversity. On the other hand, they consider teaching to be independent of culture and take a colour‐blind approach to their work. Being minority language speakers themselves does not necessarily affect their views and understanding of immigrant students.     

PARTY CUES IN ELECTIONS UNDER MULTILEVEL GOVERNANCE: THEORY AND EVIDENCE FROM US STATES

In federal countries, voters’ ability to evaluate the performance of their leaders might be reduced when different levels of government shape policy outcomes. This can blur political accountability. In this article, we analyze how party cues (i.e., politicians’ party membership acting as a cue towards their characteristics) affect voters’ incomplete information in a federal setting. We theoretically show that party cues allow indirect inference regarding politicians using observed policy outcomes, and can alleviate the accountability problem. Empirical evidence from US presidential election results across all 50 US states over the period 1972–2008 supports this proposition. However, party cues also have a downside in that they may reduce politicians’ effort, particularly when politicians at different levels of government are from different parties.     

Exploring uncertainties in a marketplace for cloud computing: a revelatory case study

Today, highly standardized information technology (IT) resources such as storage and processing power are becoming available and affordable to all. Therefore, IT managers evermore focus on reducing the costs and risks that these resources entail rather than on the benefits or competitive edge they provide. A marketplace for cloud computing represents a promising alternative for obtaining standardized IT resources in a highly flexible and scalable manner. Based on a revelatory case study of a cloud market project, we show that uncertainties are prevalent in cloud markets and that the principal-agent theory is an adequate perspective to study and explain these uncertainties. By triangulating data from formal and informal interviews, documentations and project meetings, we develop a second-level contextual understanding of uncertainties in the relationships between market operator, cloud providers and users. Our analysis reveals that while cloud market operators have capabilities to mitigate uncertainties between cloud provider and user, they also cause new uncertainties from the cloud provider and user perspective. As an outcome, we present a framework that sheds light on the uncertainty trade-offs involved in the decision to adopt a cloud market by cloud providers and users.