TARP Repayment, Lobbying and Political Connectivity

In their paper Corporate Lobbying, Political Connections, and the Bailout of Banks, Blau, Brough, and Thomas (2012) present significant evidence that firms that engaged in lobbying and maintain political connection with the federal government were more likely to receive funds from the Troubled Asset Relief Program (TARP), received more funds on average, and received the funds earlier than those firms that did not lobby or maintain political connections. These results fit into a large body of work showing similar results showing that lobbying has positive economic benefits to lobbying firms (Chen and Yang, 2010; Cooper and Ovtchinnikov, 2010; Faccio, 2010; Facio, Masulis and McConnell, 2006; Fisman, 2001; Goldman and Rocholl, 2009; Igan, Mishra and Tressel, 2009; Langbein and Lotwis, 1990). Li (2012) also found that political connections led to increased probability of receiving TARP funds. Less attention has been paid to the behavior of firms that lobbied after receiving government bailouts; Duchin and Sosyura (2011) do show that banks that received bailouts look less risky due to better capitalization ratios; however, bailed out banks also tend to increase risky lending and therefore show an increase in volatility and default risk. However, to our knowledge, no study has been done that attempts to isolate the difference in repayment behavior between connected and non-connected banks following a widespread bailout. In this study, we extend the literature by studying the factors that led to repayment of TARP funds, specifically comparing those banks that did and did not maintain political connections in the years leading up to the 2008 financial crisis

Evaluation of a Hybrid Seed Contract Between Smallholders and an MNC in East Java, Indonesia

Three hundred smallholders near Malang in East Java were surveyed of whom 150 were participating in a hybrid seed contract with Pioneer Hybrid International Inc, an American MNC that has been contracting in the area since 1986. The objectives of the study were to determine whether the contract improved the welfare of those who participated and, if participation did improve welfare, to evaluate why this contract, in contrast to many other farm contracts in developing countries, is successful. A transaction cost framework was used to specify a framework for probit analysis of contract participation and regression analysis used to measure the contribution made by contract participation to gross margins. The empirical results suggest (i) contract selection was by Pioneer and not through self-selection, (ii) the contract is likely to favour larger farmers and (iii) the Pioneer contract improved returns to farm capital and hence was likely to be welfare improving for contractors. The success of the contract over many years was attributed to the nature of the contracting process which was between Pioneer and grower groups and not at the individual smallholder level.Farm Management,

Lateglacial to Mid-Holocene Vegetation History in the Eastern Vale of Pickering, Northeast Yorkshire, UK: Pollen Diagrams from Palaeolake Flixton

Palaeolake Flixton, in the eastern Vale of Pickering in northeast Yorkshire, UK, existed as open water during the Lateglacial and early to mid-Holocene, until hydroseral succession and gradual terrestrialisation changed it to an area of fen and basin peatland by the later mid-Holocene. The environs of the lake were occupied by Late Palaeolithic and Mesolithic people over thousands of years and many Early Mesolithic sites, in particular, have been found located along the ancient lake edge, including the paradigm site for the British Early Mesolithic at Star Carr, where occupation occurred over several centuries. We have analysed eleven sediment cores, distributed in most parts of the palaeolake area, for pollen and stratigraphic data with which to reconstruct lake development and vegetation history. These new diagrams augment earlier pollen studies from the western part of the lake, particularly in the Star Carr area and near other major Mesolithic sites around Seamer Carr. Especially informative are a long core from the deepest part of the lake; cores that document the Lateglacial as well as early Holocene times, and evidence for the later Mesolithic that helps to balance the high density of Late Mesolithic sites known from research in the adjacent uplands of the North York Moors. There are many records of charcoal in the deposits but, especially for the earliest examples, it is not always possible to tie them firmly to either human activity or natural causes. Overall, the new and previously existing diagrams provide evidence for the spatial reconstruction of vegetation history across this important wetland system, including (a) for the progression of natural community successions within the wetland and on the surrounding dryland (b) the influence of climate change in bringing about changes in woodland composition and (c) for discussion of the possibility of human manipulation of the vegetation in the Late Upper Palaeolithic, Early and Late Mesolithic. Results show that climate was the main driver of longer-term vegetation change. Centennial-scale, abrupt climate events caused significant vegetation reversals in the Lateglacial Interstadial. The Lateglacial vegetation was very similar throughout the lake hinterland, although some areas supported some scrubby shrub rather than being completely open. Immigration and spread of Holocene woodland taxa comprised the familiar tree succession common in northern England but the timings of the establishment and the abundance of some individual tree types varied considerably around the lake margins because of edaphic factors and the effects of fire, probably of human origin. Woodland successions away from proximity to the lake were similar to those recorded in the wider landscape of northern England and produced a dense, homogenous forest cover occasionally affected by fire

Fidelity protocol for the Action Success Knowledge (ASK) trial: A psychosocial intervention administered by speech and language therapists to prevent depression in people with post-stroke aphasia

Introduction: Treatment fidelity is a complex, multifaceted evaluative process which refers to whether a studied intervention was delivered as intended. Monitoring and enhancing fidelity is one recommendation of the TiDIER (Template for Intervention Description and Replication) checklist, as fidelity can inform interpretation and conclusions drawn about treatment effects. Despite the methodological and translational benefits, fidelity strategies have been used inconsistently within health behaviour intervention studies; in particular, within aphasia intervention studies, reporting of fidelity remains relatively rare. This paper describes the development of a fidelity protocol for the Action Success Knowledge (ASK) study, a current cluster randomised trial investigating an early mood intervention for people with aphasia (a language disability caused by stroke). Methods and analysis: A novel fidelity protocol and tool was developed to monitor and enhance fidelity within the two arms (experimental treatment and attention control) of the ASK study. The ASK fidelity protocol was developed based on the National Institutes of Health Behaviour Change Consortium fidelity framework. Ethics and dissemination: The study protocol was approved by the Darling Downs Hospital and Health Service Human Research Ethics Committee in Queensland, Australia under the National Mutual Acceptance scheme of multicentre human research projects. Specific ethics approval was obtained for those participating sites who were not under the National Mutual Agreement at the time of application. The monitoring and ongoing conduct of the research project is in line with requirements under the National Mutual Acceptance. On completion of the trial, findings from the fidelity reviews will be disseminated via publications and conference presentations. Trial registration number ACTRN12614000979651

Sport officials' strategies for managing interactions with players: Face-work on the front-stage

Communication is central to managing perceptions of fairness and performance in sport officiating. Most of the few studies that focus on sport official communication have been limited to ‘one-way’ impressions and decision communication and tend to neglect more dynamic, dialogic interactions with players. This study explored sport officials' identity concerns and motivations and ways officials adapt and accommodate ‘face’ in interactions with players.DesignQualitative methodology.MethodVideo elicitation interviews using an allo-confrontation approach were conducted with 8 male and 6 female sport officials from 7 different team sports representing novice to professional levels. Goffman's (1959; 1967) dramaturgical sociology of interaction was used to frame identity projections and context in officials' communication management strategies.FindingsAnalysis of interview transcripts revealed three distinct ways officials' face concerns emerge and are managed in interactions with players including (1) anticipating players' reactions and modifying presentation of self, (2) asserting and preserving the officials' own face, and (3) giving and restoring players' face. When incompatible interactional exchanges occur in sport matches, officials use different defensive and corrective face-work strategies to assert, re-establish, or appropriate face statuses for themselves and players.ConclusionsThe findings highlight the importance of dynamics and context in sport official communication. They also emphasise the need to maintain relationships, preserve and protect identities, whilst being strategic in interactions with players. We conclude that new conceptualisations are needed in sport official communication to build on current ‘one-way’ concepts that dominate officiating research and training

Changes in task self-efficacy and emotion across competitive performances in golf

This research aimed to investigate (a) the effect of golfers’ perceptions of coach motivation efficacy on golfers’ precompetition task self-efficacy, (b) the effect of performance on pre-to-postround changes in self-efficacy, (c) the effect of pre-to-postround changes in self-efficacy on pre-to-postround changes in affect and emotion, and (d) whether any effects of performance on pre-to-postcompetition changes in affect and emotion were mediated by pre-to-postcompetition changes in self-efficacy. In Study 1, a scale measuring golf self-efficacy was developed and validated using data from 197 golfers. In Study 2, 200 golfers completed this measure alongside measures of coach motivation efficacy, and positive and negative affect before a golf competition; all measures (except coach motivation efficacy) were again completed following the competition. Structural equation modeling showed that coach motivation efficacy positively predicted precompetition self-efficacy, performance positively predicted pre-to-postcompetition changes in self-efficacy, which had positive and negative effects, respectively, on pre-to-postcompetition changes in positive and negative affect; mediation analyses demonstrated that pre-to-postcompetition changes in self-efficacy mediated effects of performance on pre-to-postcompetition changes in positive and negative affect. In Study 3, the Study-2 procedures were replicated with a separate sample of 212 golfers, except measures of excitement, concentration disruption, somatic anxiety, and worry replaced those for positive and negative affect. Structural analyses showed the findings from Study 2 were largely replicated when specific emotions were investigated in place of general indices of affect. This investigation makes novel contributions regarding the potential importance of perceptions of coach efficacy for golfers’ own efficacy beliefs, and the role personal efficacy beliefs may play in facilitating the effects of performance on affective outcomes.</jats:p

Strategic interaction in player-sport official encounters

Sport officiating communication studies use the views of officials and focus on ‘one-way’ communication and behavioural factors such as impression management and decision communication.Little is known about player perspectives and ways players differ in their interaction with officials.This study used Goffman's (1959; 1969) dramaturgical sociology as an interpretive frame to understand players’ views of strategic interaction in player-official encounters. Main findings show the emergence of the ‘unwitting’, ‘naïve’ and ‘covering’ moves (Goffman, 1969) in player-official interaction and that players actively attempt to influence officials and their decisions through deliberate and unconscious strategies such as complaining and selective questioning

Immune function during early adolescence positively predicts adult facial sexual dimorphism in both men and women

Evolutionary theories suggest that humans prefer sexual dimorphism in faces because masculinity in men and femininity in women may be an indicator of immune function during development. In particular, the immunocompetence handicap hypothesis proposes that sexual dimorphism indicates good immune function during development because the sex hormones, particularly testosterone in men, required for the development of sexually dimorphic facial features also taxes the immune system. Therefore, only healthy males can afford the high level of testosterone for the development of sexually dimorphic traits without compromising their survival. Researchers have suggested that a similar mechanism via the effects of oestrogen might also explain male preferences for female femininity. Despite the prominence of the immunocompetence handicap hypothesis, no studies have tested whether immune function during development predicts adult facial sexual dimorphism. Here, using data from a longitudinal public health dataset, the Western Australian Pregnancy Cohort (Raine) Study (Generation 2), we show that some aspects of immune function during early adolescence (14 years) positively predict sexually dimorphic 3D face shape in both men and women. Our results support a fundamental assumption that facial sexual dimorphism is an indicator of immune function during the development of facial sexual dimorphism.PostprintPeer reviewe