An Internationally Adopted Child\u27s Transition: A Family Story

The goal of this study was to contribute to the literature on international adoption by conducting a case study with one adoptive family. Data was collected using a semi-structured, in-depth interview that was audio recorded and transcribed word-for-word. The interview questions asked about family configuration, language background and use, adoptive family decisions about cultural inclusiveness, and the transition from home to school. The analysis was member-checked following coding for the themes that emerged. Results indicated that lingering differences from reduced exposure to language in the first year of life took the form of subtle language differences that continued through the early school years. These were offset through family and community supports that facilitated successful transition to school. The culmination of the study is a family’s story that may help others appreciate the joys and challenges of international adoption

What’s Love Got to Do with It?

The life and work of student life professionals provide the glue in the academy. Being attentive to students’ health, well-being, success, and leadership development is what we do. It is what keeps the heart of our institutions beating. While dedication to this field requires passion, it can also run us dry. Love for the profession and love for oneself are essential to be whole, resilient professionals and human beings. Professional development includes personal development. This article is both a scholarly personal narrative and a call to action. It weaves the voices of a young professional and her mentor through their own journeys of discovery with research in the importance of heart in higher education. This article offers insight about the need to integrate the essential inner work of self-love into our profession

MARKET-MAKING BEHAVIOR IN FUTURES MARKETS

This paper examines voluntary market-making behavior, namely scalping, in futures markets. Specifically, this paper studies what factors determine scalpers' entry and exit, and how scalping affects market liquidity and price volatility. The data used for the analysis are time-stamped electronic transaction data marked with traders' identities from the Dalian Futures Exchanges in China. The contributions of this paper are: (1) to give detailed analysis of scalping behavior and its impact on market liquidity; (2) to develop new econometric tools for analyzing time-series count data; (3) to propose a new measure of liquidity.Liquidity, Market-Making, Futures Markets, Scalpers, Autoregressive Conditional Intensity (ACI), Volatility, Marketing,

The Business Cycle, Macroeconomic Shocks and the Cross Section: Evidence from UK Quoted Companies

Co-movements and correlations in the major macroeconomic aggregates has been the focus of much of the recent literature in business cycle research. In this paper we provide another dimension to business cycle analysis. We examine the evolution of the cross sectional distribution of the growth of UK quoted companies from 1968 to 1997 and find correlations between aggregate business cycle fluctuations and the higher moments of the cross sectional distribution. To explain this we analyse the sensitivity of firms to aggregate shocks, conditioning growth on firm size, age and industry. We find that the contemporaneous effects of aggregate shocks, both positive and negative, are significantly more pronounced for firms in the middle range of growth. This explains the cycle-related patterns in the moments of the growth rate cross section. These findings are of importance in understanding firm level as well as business cycle dynamics.

Risk Aversion, Prudence, and the Three-Moment Decision Model for Hedging

The linear two-moment mean-variance (MV) model has been widely used in finance and economic decision analysis as an approximation of Von Neumann-Morgenstern expected utility (EU) model. The introduction of third or higher moments not only can improve the accuracy of the approximation, but is also suitable to represent investors¡¯ skewness preference (prudence) with the latter supported by empirical evidence. The goal of this paper is to develop a general MVS model and compare it and the traditional MV model against the EU model in the setting of an individual producer hedging in the futures market. Results show: 1) the derived linear MVS model maintains the analytical convenience of MV model, 2) it can generate different results as MV, 3) it approximate EU better than MV, and 4) it is more flexible than MV.Risk and Uncertainty,

Distortion of Globular Clusters by Galactic Bulges

One of the external fields that influences the population of globular clusters is that due to galactic bulges. In extreme situations, perigalactic distances $r_p \le 100$ pc, globular clusters could suffer total disruption in a single passage. A more common scenario is that for cluster orbits with $r_p \ge 200$ pc. We investigate the effects of tidal forces from a bulge on the shape of globular clusters for this type of encounters. We find distortions characterized by ``twisting isophotes'' and consider the potential for observability of this effect. In the Milky Way, a typical globular cluster must pass within several hundred pc of the center to experience substantial distortion, and it is possible that this has happened recently to one or two present day clusters. We estimate that this distortion could be observed even for globulars in dense fields toward the bulge. In more extreme environments such as giant ellipticals or merger products with newly formed globulars, this effect could be more common, extending out to orbits that pass within 1 kpc of the bulge center. This would lead to a substantial shift in the eccentricity distribution of globulars in those galaxies.Comment: 12 pages, 8 figure

Specialized Knowledge Transfer: Accelerating the Expertise Development Cycle

AbstractOne of the biggest challenges facing organizations is how to capture the knowledge of departing experts and transfer it effectively to their successors. Without effective knowledge transfer, valuable lessons learned and best practices are lost. This is especially difficult in two situations—at senior levels and with positions that are niche specialties. While many organizations have learned to capture tacit knowledge at lower levels, they still struggle transferring the senior-level and specialty knowledge into learning. This paper looks at a case study of more than 100 top-level executives, engineers, and scientists at Fortune 500 companies and military organizations. It outlines an effective process for enhancing knowledge transfer at the senior levels, including methods to capture tacit knowledge more effectively and empower leaders to retrieve that knowledge in a way that promotes effective learning. This paper also discusses the impact of levels of expertise on knowledge transfer. Best practices are identified for capturing specialty knowledge, analyzing and documenting key knowledge, and multiple methods to transfer knowledge both one-on-one and as larger scale training to accelerate the expertise development cycle