Corporate Governance and Democracy: The Stakeholder Debate Revisited

'Stakeholding' is a term laden with manymeanings. In this paper we attempt to put someorder on the discourse by confining attentionto the corporation. We assess the originsand the intellectual foundations of the 'shareholder versus stakeholder' debate. We askwhether and how 'stakeholding' might be a morelogical or rational system, a fairer or moredemocratic system, and one that provides betterperformative outcomes. Each of these claims isassessed in respect to the micro firmperspective and the macro economy-wideperspective.One of the most difficult and neglected areasin the stakeholding debate concerns thepracticalities of its implementation. The papertackles this issue directly, at both thedomestic and the international level. We asknot only how stakeholding might be sensiblyintroduces within a national context but alsowhat it means to discuss stakeholding inrespect to transnational enterprises.     

Effects of segmentation patterns on the perception of deception

Subjects viewed videotapes of truthful and deceptive messages. Channels presented were either face or body with or without speech. Subjects were instructed to segment each message into either large, medium, or small units; following the segmentation of a message, subjects rated its truthfulness. Results showed that subjects who organized the behavior into small units perceived the messages as more truthful than those who organized the behavior into either medium or large units. In addition, when speech was available, accuracy of lie detection was highest when the behavior was segmented into medium units; when speech was not available, accuracy of lie detection was highest when the behavior was segmented into small units. The effects of observation set on the perception of deception were discussed.     

What sounds beautiful is good: The vocal attractiveness stereotype

Two studies examined the effects of attractiveness of voice and physical appearance on impressions of personality. Subject-senders were videotaped as they read a standard-content text (Study 1) or randomly selected texts (Study 2). Judges rated the senders' vocal attractiveness from the auditory portion of the tape and their physical attractiveness from the visual portion of the tape. Other judges rated the senders' personality on the basis of their voice, face, or face plus voice. Senders with more attractive voices were rated more favorably in both the voice and face plus voice conditions; senders with more attractive faces were rated more favorably in both the face and face plus voice conditions. The effects of both vocal and physical attractiveness were more pronounced in the single channels (voice condition and face condition, respectively) than in the multiple channel (face plus voice condition). Possible antecedents and consequences of the vocal attractiveness stereotype are discussed. p]Her voice was ever soft, gentle, and low, an excellent thing in woman.Shakespeare (King Lear, Act V, Sc. 3)This research was supported in part by National Institute Mental Health Grant RO1 MH40498-01A2. The authors would like to thank Thomas J. Hernandez, James R. Laguzza, Andrea Lurier, and Mary Elizabeth Sementilli for running the videotaping sessions in Study 1, and Craig B. Partyka, Kimberly A. Radoane, and Kelly B. Sanborn for running the videotaping sessions in Study 2. Grateful acknowledgment is extended to Kate Johnson and Michael Zygmuntowicz for running rating sessions in Study 2, to BiancaMaria Penati for running rating sessions and coding data in Study 2, and to Bradley C. Olson for his assistance with data analysis.     

Estimation of Dietary Exposure to Chemicals: A Case Study Illustrating Methods of Distributional Analyses for Food Consumption Data

There are a number of sources of variability in food consumption patterns and residue levels of a particular chemical (e.g., pesticide, food additive) in commodities that lead to an expected high level of variability in dietary exposures across a population. This paper focuses on examples of consumption pattern survey data for specific commodities, namely that for wine and grape juice, and demonstrates how such data might be analyzed in preparation for performing stochastic analyses of dietary exposure. Data from the NIAAA/NHIS wine consumption survey were subset for gender and age group and, with matched body weight data from the survey database, were used to define empirically-based percentile estimates for wine intake (μl wine/kg body weight) for the strata of interest. The data for these two subpopulations were analyzed to estimate 14-day consumption distributional statistics and distributions for only those days on which wine was consumed. Data subsets for all wine-consuming adults and wine-consuming females ages 18 through 45, were determined to fit a lognormal distribution ( R ²= 0.99 for both datasets). Market share data were incorporated into estimation of chronic exposures to hypothetical chemical residues in imported table wine. As a separate example, treatment of grape juice consumption data for females, ages 18–40, as a simple lognormal distribution resulted in a significant underestimation of intake, and thus exposure, because the actual distribution is a mixture (i.e., multiple subpopulations of grape juice consumers exist in the parent distribution). Thus, deriving dietary intake statistics from food consumption survey data requires careful analysis of the underlying empirical distributions.     

Why older Australians participate in exercise and sport

Research on variables that encourage older adults to exercise is limited. This study was carried out to identify the participation motives of older Australians involved in regular exercise and sport. The 815 participants (399 men, 416 women) ranged in age from 55 to 93 years (M = 63.6, SD = 7.8) and were participating in their activities of choice at least once per week. All participants completed the Participation Motivation Questionnaire for Older Adults. The most common exercise/sport activities that participants were involved in were walking, golf, lawn bowls, tennis, and swimming. The most highly reported motives for participation were to keep healthy, liking the activity, to improve fitness, and to maintain joint mobility. Principal-components analysis of the questionnaire revealed 6 factors: social, fitness, recognition, challenge/benefits, medical, and involvement. Analyses of variance showed significant differences in reasons for participation in exercise and sport based on gender, age, education level, and occupation.     

Discrepancy as a cue to actual and perceived deception

Discrepancy between information emitted by face and speech was examined in three modes of communication: truth, concealment, and deception. It was found that communications designed either to conceal or distort the truth (concealment and deception modes) appeared more discrepant than communications that revealed the truth, particularly when full speech rather than filtered speech was presented. In addition, there were weak but consistently positive correlations between discrepancy and judgment of concealment and deception. That is, senders who appeared more discrepant were more likely to be judged as concealing or distorting information, regardless of the mode in which they had actually communicated.