State and Corporate Cash Management: A Comparison

Public and private sector portfolio managers pursue similar goals even though they perform their portfolio management responsibilities in significantly different environments. This article compares and contrasts corporate cash management with state government practices. The comparison and analyses are based on data drawn from a survey of state government portfolio managers and an earlier study which reviewed corporate cash management practice.
The comparison and analyses consider investment objectives, permissible assets, assets held, and asset holding period, among other factors. The results suggest that portfolio management practices are quite similar even though the cash management environment is significantly different.     

Value orientations,life transitions,and desistance: Assessing competing perspectives

Laub and Sampson (2003) and Paternoster and Bushway (2009) offered opposing explanations of desistance from crime. Yet, extant research has failed to test the key theoretical differences that distinguish these perspectives: 1) the temporal ordering of internal changes in identity/values and life transitions and 2) the impact of values/life transitions on offending conditional on key predictors from the opposing theory (e.g., whether marriage contributes to desistance among individuals who already hold prosocial values). We assess competing claims using data from the Pathways to Desistance. We find that within-person changes in prosocial value orientations are significantly related to within-person changes in one's likelihood of entering into serious romantic relationships and becoming employed. Conversely, life transitions are unrelated to changes in one's values. The results derived from fixed-effects Poisson models indicate high or increasing prosocial value orientations help explain offending patterns among those who enter into serious romantic relationships/get employed and help explain changes in offending among those who do not experience structural “turning points.” Marriage/cohabitation is unrelated to within-person changes in offending, whereas the impact of employment has an inconsistent relationship. Theoretical and policy implications are discussed.     

Useful ignorance: The benefits of uncertainty during power shifts

This paper develops a formal model exploring how declining states allocate scarce military resources across multiple commitments under uncertainty. The model reveals that under certain conditions, states might actually benefit from their own uncertainty. In the model, a declining state’s uncertainty creates incentives for a revisionist rising power to misrepresent its intentions. But importantly, this misrepresentation requires the rising state to act cooperatively, implementing policies that immediately benefit the declining state. The model reveals how declining states can exploit these incentives in order to maximize the short-term benefits of their counterpart’s cooperation. Under some conditions, the benefits of this deceptive cooperation can outweigh the long-term costs of being deceived. These dynamics do not operate when the declining state is certain of the rising state’s type. I illustrate this logic through a case study of Great Britain’s pre-WWI naval withdrawal from East Asia.     

Perceived arrest risk,psychic rewards,and offense specialization: A partial test of rational choice theory†

In prior tests of Beckerian rational choice theory, the notion that individuals are responsive to the (dis)incentives associated with crime has been supported. Much of this research has comprised composite scores of perceived rewards and risks of multiple, often disparate, crime types that are then used to predict “general” offending behavior. Although the results of such prior tests are informative, we believe that this tendency has resulted in two shortcomings. First, a central component of mathematical rational choice theory is overlooked, namely, that responsivity to incentives will be crime specific. That is, offenders should prefer crime types that subjectively offer greater rewards and fewer risks relative to other crimes. Second, individual differences in offending specialization are not addressed, of which Clarke and Cornish (1985) and Shover (1996) argued rational choice theories are well suited to explain. Using a sample of serious offenders, we find that in a given time period, individuals are more likely to engage in crime types they viewed as more intrinsically rewarding and less risky compared with other crimes. Furthermore, individuals displayed greater specialization in violence to the extent they view violence as more rewarding and less risky than property offenses     

Pop Goes IR? Researching the Popular Culture–World Politics Continuum

In this article we offer a potential research agenda for the study of popular culture in IR and outline how this research agenda could be advanced. If the incorporation of popular culture into IR is going to be fruitful, there must be a willingness to go beyond an engagement with illustrations of world politics. Doing so will get us closer to what is at stake in the mutual implication of popular culture and world politics.     

Mitochondrial DNA identification of game and harvested freshwater fish species

The use of DNA in forensics has grown rapidly for human applications along with the concomitant development of bioinformatics and demographic databases to help fully realize the potential of this molecular information. Similar techniques are also used routinely in many wildlife cases, such as species identification in food products, poaching and the illegal trade of endangered species. The use of molecular techniques in forensic cases related to wildlife and the development of associated databases has, however, mainly focused on large mammals with the exception of a few high-profile species. There is a need to develop similar databases for aquatic species for fisheries enforcement, given the large number of exploited and endangered fish species, the intensity of exploitation, and challenges in identifying species and their derived products. We sequenced a 500bp fragment of the mitochondrial cytochrome b gene from representative individuals from 26 harvested fish taxa from Ontario, Canada, focusing on species that support major commercial and recreational fisheries. Ontario provides a unique model system for the development of a fish species database, as the province contains an evolutionarily diverse array of freshwater fish families representing more than one third of all freshwater fish in Canada. Inter- and intraspecific sequence comparisons using phylogenetic analysis and a BLAST search algorithm provided rigorous statistical metrics for species identification. This methodology and these data will aid in fisheries enforcement, providing a tool to easily and accurately identify fish species in enforcement investigations that would have otherwise been difficult or impossible to pursue.     

Aleatory Materialism and Speculative Jurisprudence (I): From Anti-Humanism to Non-Humanism

This paper is the first part of an enquiry taking an initial, provisional step toward the construction of a theoretical matrix called speculative jurisprudence. Toward that end, it recruits the thought of Louis Althusser, whose work has taken on new significance thanks in part to the availability (in French and English) of many formerly unpublished texts, the contemporary critical scrutiny of numerous commentators, and the independent emergence of several philosophical currents sharing some of his work??s key concerns. The paper offers a unique characterization of Althusser??s aleatory materialism as at once a novel expression of Althusser??s ??jurisprudential problematic??, a problematic that I argue shapes his thought as a whole, and as a means of posing the core problem of dialectical materialism. The engagement with Althusser that I propose thus intervenes in current debates about aleatory materialism, but this is subsidiary with respect to the elaboration of speculative jurisprudence as a distinct approach in philosophy and law. That mode of thought begins to acquire a degree of reality by taking Althusser??s theoretical anti-humanism as a point of departure for the articulation of a non-humanist conception of legality, in a broad sense that conjoins the territories of both traditional philosophy and legal theory. The paper concludes with a reference to the open questions that Part Two, which will appear in Althusser and Law (2012), will take up.     

Medicaid Managed Care for Children with Special Health Care Needs: Examining Legislative and Judicial Constraints on Privatization

Over the past decade, much has been written about the results of reinventing government. Most research has examined the effects of executive or managerial perspectives. Using David Rosenbloom's competing perspectives model, we examine Medicaid managed care programs for children with special health care needs to illustrate the influence of legislative and judicial institutional perspectives on the reinvention movement. Legislative and judicial responses to the reinvention of Medicaid managed care reveal the outer limits of what managed care and related executive reforms can accomplish in a Constitutional system that is based on checks and balances among competing institutional perspectives. Furthermore, relative to Medicaid managed care, legislative and judicial responses conserve public responsibility to society's most vulnerable populations. In the long run, the balance of institutional perspectives and values—not managerial innovation per se—will influence public administration.