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The authors’ examination of corporate social responsibility (CSR) scores in dual-class firms provides a window on firms’ CSR performance when insulated from external pressure. Dual-class ownership confers greater voting rights on a superior class of shares held by insiders; consequently, managers of dual-class firms are insulated from external pressure from inferior class shareholders and, potentially, from society. The authors compare CSR scores in dual- and single-class firms and investigate the association between CSR scores and cash flow rights in dual-class firms. This analysis reveals that dual-class firms have lower CSR scores than their single-class counterparts and that CSR scores in dual-class firms are positively related to the relative cost of CSR borne by the superior class of shares. The findings suggest that external accountability encourages CSR performance, and CSR performance is higher when the superior class bears a smaller portion of the cost of CSR activities. It follows that the analysis suggests the importance of governance structures for encouraging CSR, and the dampening impact of cost to CSR performance.

We identify a novel concept of discretionary idiosyncratic volatility proxied by the idiosyncratic volatility component not related to the non-systematic industry volatility as a source of agency problems that have implications for firms’ cash holdings and their investment decisions. We find that firms with low discretionary idiosyncratic volatility, which likely captures discretionary effort and risk-taking by managers, have smaller cash reserves. Moreover, while high discretionary idiosyncratic volatility firms spend cash internally (internal capital building), low discretionary idiosyncratic volatility firms use it for external acquisitions, consistent with the “quiet life” hypothesis. Our findings thus indicate a need for reinforcement of existing regulations and corporate laws to control for agency costs, which could in turn reduce firm risk and the probability of financial meltdown at the aggregate level.

This study aims to investigate both market concentration and bank competition of banking across six emerging Asian countries (e.g., Bangladesh, Indonesia, India, Philippines, Malaysia, and Vietnam) over pre and post the 2008 global financial crisis. The conduct parameter approach following the framework suggested by Uchida and Tsutsui (2005) is used to estimate bank competition in these countries. The study employs both seemingly unrelated regression (SUR) and three-stage least squares (3SLS) to estimate simultaneously the system of equations in our model. Generally we find a negative association between market concentration and bank competition across most of the countries in the study suggesting that banks in concentrated markets collude to generate higher profits. Monopolistic competition was the best description of competitive structure of banking across the majority of countries investigated by this study. The study fills the gap in the banking literature by investigating bank competition, concentration, and their relationship across emerging Asian economies over the 2008 global financial crisis. Moreover, several policy implications for banking industry are suggested.

Many banking efficiency studies have focused on conventional banks. Recently, Islamic banks have opened in many countries and operated in similar fashion to traditional banks. This chapter measures and compares Islamic banking efficiency to conventional banking efficiency represented by three European countries – Germany, Turkey and the United Kingdom. The study covers the period from 2005 to 2008 in measuring the X-efficiency using the non-parametric method, known as Data Envelopment Analysis (DEA). It reveals that Islamic banks are technically more efficient than conventional banks but are beset by lower allocative efficiency. This results in lower cost efficiency for Islamic banks in comparison to the more conventional banks in Europe.

This chapter examines a training programme for facilitators of the ‘A Quiet Place’ project in three residential homes offering space for between 8 and 10 children up to the age of 18. It reviews the impact of a 12-month training programme which involves action learning in the trainees' own personal development, creativity and job satisfaction. It examines the hypothesis of whether the calibre of the person working with young people with a variety of ‘labels’ is a key variable in the successful impact of any intervention. The approach outlined interventions combine the latest in modern brain research with more traditional approaches. A key component of the programme is the training of staff to be able to deliver the programmes for themselves. The trainees reported, quite soon into their programmes, that they notice personal growth; this was not originally an outcome of the training as such. As they noticed a change in themselves, they also noticed change in the children and young people with whom they worked. Changes in the cultures of the homes brought more benefits as one change built upon the next. The case histories trace the journey of three facilitators, the ups and downs, finally ‘getting it’ and achieving their goal with all the wonderful surprises and skills that they developed and learnt to use as part of their own lives outside work.

This paper is about extraordinary performance in organizations. Our specific focus is unusual. We examine a context with which many readers are deeply familiar, the public school classroom. We consider the work of highly effective teachers and generate a framework of hypotheses about how they get extraordinary results. These hypotheses may contrast with the reader’s assumptions of what a public school teacher does. The framework may therefore provoke insights about how to create and lead high performing organizations in other contexts.

We test the proposition that criminal sentiments, which we define as a negative and potent view of a juvenile delinquent (JD), moderate the effect of a delinquency adjudication on self-sentiments. We expect criminal sentiments to reduce self-evaluation and increase self-potency among juvenile delinquents but have no effect on self-sentiments among non-delinquents. We also examine the construct validity of our measure of criminal sentiments by assessing its relationship to beliefs that most people devalue, discriminate against, and fear JDs.

We test these hypotheses with self-administered survey data from two samples of college students and one sample of youths in an aftercare program for delinquent youths. We use endogenous treatment-regression models to identify and reduce the effects of endogeneity between delinquency status and self-sentiments.

Our construct validity assessment shows, as expected, that criminal sentiments are positively related to beliefs that most people devalue, discriminate against, and fear JDs. Our focal analyses support our self-evaluation predictions but not our self-potency predictions.

Our findings suggest that the negative effect of a delinquency label on JDs’ self-esteem depends on the youths’ view of the delinquency label.

This study is the first to test a modified labeling theory proposition on juvenile delinquents.

We argue that self-stigma places patients on a path of marginalization throughout their life course leading to a negative cycle of opportunity and advancement. Mental health patients with higher levels of self-stigma tend to have much lower self-esteem, efficacy, and personal agency; therefore, they will be more inclined to adopt role-identities at the periphery of major social institutions, like those of work, family, and academia. Similarly, the emotions felt when enacting such roles may be similarly dampened.

Utilizing principles from affect control theory (ACT) and the affect control theory of selves (ACTS), we generate predictions related to self-stigmatized patients’ role-identity adoption and emotions. We use the Indianapolis Mental Health Study and Interact, a computerized version of ACT and ACTS, to generate empirically based simulation results for patients with an affective disorder (e.g., major depression and bipolar disorder) with comparably high or low levels of self-stigmatization.

Self-stigma among affective patients reduces the tendency to adopt major life course identities. Self-stigma also affects patients’ emotional expression by compelling patients to seek out interactions that make them feel anxious or affectively neutral.

This piece has implications for the self-stigma and stigma literatures. It is also one of the first pieces to utilize ACTS, thereby offering a new framework for understanding the self-stigma process. We offer new hypotheses for future research to test with non-simulation-based data and suggest some policy implications.

Digital and social media have arguably altered the civic landscape, creating not only opportunities for civic voice and engagement but also distinct challenges. How do youth who are civically active think about activism and their own civic activities in this landscape? How does their sense of themselves as civic actors – the strength and salience of their civic identities – shape decisions to “speak up” online? In this chapter, we draw on data from interviews with civically active youth to explore connections between their civic identities and uptake of opportunities for voice online. Drawing on data from a follow-up study conducted two years after initial interviews, we also examine reported changes in online expression over time. We find that many – though not all – youth in our study appear to have strong civic identities, as indicated by their self-identification as “activists” and the centrality of voice to their conceptions of activism. We also observe connections between activist identification and online civic expression over time. Youths’ narratives about what informs their online voice decisions further suggest the relevance of forces that have influenced persistence in civic participation (such as life transitions, work, and family demands) in addition to pressures unique to the digital context (including online conflict and surveillance). This qualitative study suggests that strong civic identities may support uptake of, and persistence with, online civic expression and tolerance of related challenges. In the discussion, we consider implications for youth civic development and for the vitality and diversity of the digital civic sphere.

State leaders’ decision-making calculus is often attributed to external factors. The political arena, international community pressure and a country’s military stance all take centre stage in the analysis of national security decisions. Little weight is given to personal aspects of a leader’s psyche in explaining these decisions; this is true to the bulk of the research regarding this topic. This study theorizes and tests a positive link between Israeli leaders’ combat military experience and their propensity to enter into ‘peacemaking’ decisions namely, peace talks, cease fires and unilateral withdrawals. This research uses a new database comprising all peacemaking decision points in Israel’s history, looking at the pressure put on a leader from outside factors and his military experience to explain the decision taken. It finds a strong significant link between combat experience and the tendency to enter in a peacemaking decision with little regard to ideological affiliation, shedding a new light on Israeli politicians from both sides of the aisle.