Economics, sociobiology and behavioral psychology on preferences

Economists have become increasingly interested in hypotheses from sociobiology as a source of inspiration for filling gaps in the economic model of behavior. To avoid borrowing eclectically and arbitrarily from neighboring disciplines, this paper attempts to outline in a systematic way the similarities and differences between the approaches taken in economics and sociobiology. In doing so, special attention is given to an empirical theory of preferences that is lacking in economics. Here, inspiration from sociobiology would seem to be particularly useful. The considerations in the paper suggest that sociobiological arguments may indeed be helpful, albeit at a very elementary level only. A more comprehensive theory cannot ignore the influences of innate learning mechanisms in higher living beings. An elaborated theory of preferences in economics will have to acknowledge and incorporate insights from behavioral psychology.     

A critical note on the role of the capability approach for sustainability economics

Can sustainability economics profit from the fusion with Amartya Sen's capability approach, thereby gaining solid normative foundations and wider applicability? We argue that this fusion is mistaken to the extent that the capability approach is essentially a static normative framework while sustainability economics demands a systematic long-term view with focus on wide-ranging societal change. These demands are best realized by taking an evolutionary perspective that focuses on the evolution and development of societies.     

Leisure, recreation, and play from a developmental context

Participation in activities and experiences defined as play, recreation,and leisure has important developmental implications for youth. Elements and characteristics of leisure experiences contribute directly to the development of identity, autonomy, competence,initiative, civic duty, and social connections. Whether in informal or formal, appropriately structured and organized programs,leisure experiences can help facilitate adolescent development in these areas. For example, one of the defining elements of leisure is that it is characterized by free choice and self-determination. Programs that promote leadership, choice, autonomy, and initiative can help adolescents deal with developmental challenges associated with this age group. Leisure experiences can also promote civic engagement and provide important peer-to-peer, peer to-adult, and peer-to-community connections. The social context of leisure is important to adolescent development in that it provides opportunities to learn empathy, loyalty, and intimacy in their group activities, as well as to negotiate with peers, resolve conflict,and work together for communal goals. In addition, adolescents often report positive emotional experiences in leisure, which can serve as a relief from the stress they feel in other areas of their lives and contribute to positive psychological adjustment and well-being. A case study is used to show how planned, purposive programs can be used as critical components of efforts to contribute to adolescent development.     

Gesellschafterausstieg in großen Familienunternehmen

Zusammenfassung  Dieser Beitrag befasst sich mit dem Ausstieg von Gesellschaftern aus Familienunternehmen als bedeutendes Corporate Governance-Problem. Im Mittelpunkt steht die Untersuchung der Wirkung von Ausstiegsmotiven, Rahmenbedingungen sowie Ausstiegsbarrieren auf die Belastung von Unternehmen und Familie durch den Gesellschafterausstieg. Eine explorative empirische Untersuchung von 55 gro?en deutschen Familienunternehmen liefert Ans?tze für eine Organisationstheorie des Familienunternehmens und für praktische Empfehlungen bei der Gestaltung von Satzung und Ausstiegsverhandlung.

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Summary  This article deals with the exit of shareholders in family owned businesses as an important corporate governance problem. We mainly analyse the effect of exit motivations, exit conditions, and barriers to exit on the exit’s burden for the company and the family. An explorative empirical study of 55 large German family owned businesses comes up with ideas for an organization theory of family owned businesses as well as some practical recommendations for statutes and exit negotiations.

     

The consequences of early marriage on marital dissolution

Research has been consistent in documenting the direct negative effect of early marriage on marital stability, while disagreeing over the level of influence of status attainment measures on divorce. However, the discipline has failed to come to consensus on the complexity of these relationships: that early marriage may operate indirectly through mediating variables to increase the likelihood of divorce. The focus of this paper is an analysis of a path model which includes the estimated effects of antecedents of early marriage, early marriage and education on the probability of divorce. Findings using the General Social Surveys support research that suggests that early marriage is the most important variable influencing divorce. Further, little influence of the early marriage measure through education was found.     

Servant leaders inspire servant followers: Antecedents and outcomes for employees and the organization

Despite widespread adoption of servant leadership, we are only beginning to understand its true utility across multiple organizational levels. Our purpose was to test the relationship between personality, servant leadership, and critical follower and organizational outcomes. Using a social influence framework, we proposed that leader agreeableness and extraversion affect follower perceptions of servant leadership. In turn, servant leaders ignite a cycle of service by role-modeling servant behavior that is then mirrored through coworker helping behavior and high-quality customer service, as well as reciprocated through decreased withdrawal. Using a multilevel, multi-source model, we surveyed 224 stores of a U.S. retail organization, including 425 followers, 110 store managers, and 40 regional managers. Leader agreeableness was positively and extraversion was negatively related to servant leadership, which was associated with decreased follower turnover intentions and disengagement. At the group-level, service climate mediated the effects of servant leadership on follower turnover intentions, helping and sales behavior.     

A Simple Distribution for the Sum of Correlated,Exchangeable Binary Data

This article describes a generalization of the binomial distribution. The closed form probability function for the probability of k successes out of n correlated, exchangeable Bernoulli trials depends on the number of trials and its two parameters: the common success probability and the common correlation. The distribution is derived under the assumption that the common correlation between all pairs of Bernoulli trials remains unchanged conditional on successes in all completed trials. The distribution was developed to model bond defaults but may be suited to biostatistical applications involving clusters of binary data encountered in repeated measurements or toxicity studies of families of organisms. Maximum likelihood estimates for the parameters of the distribution are found for a set of binary data from a developmental toxicity study on litters of mice.