Board composition and corporate governance–A multivariate analysis of listed Danish firms

The article conducts a multivariate analysis using a sample of listed Danish firms in order to examine what describes board composition. This issue also relates to corporate law that stipulates the legal boundaries of board composition. In recent years, several European countries, including Denmark, have issued various codes for good corporate governance, in the form of soft law. Such initiatives have been launched, even though the questions of what describes board composition, as well as, the legal profession's influence on board structure, have not been fully uncovered. This study shows that four factors explain Danish board structure. These factors can be interpreted by the following dimensions; the lawyer oriented, the business person oriented, the internationally oriented and finally the traditionally oriented board. Thus, the paper shows that a higher proportion of insider ownership increases the first dimension, whereas a higher remuneration increases the business person orientation of the board. If firm size increases, the international dimension of the board increases and if a firm experiences less growth board structure becomes more traditional. classification G32 . K22     

The Tort Remedy in Search and Seizure Cases: A Case Study in Juror Decision Making

Civil suits for damage awards against police officers alleged to have engaged in illegal searches have long been suggested as an alternative to the exclusionary rule as a remedy for police misconduct. A review of empirical literature on the incidence and outcomes of such suits suggests that defendant officers often prevail and that the awards do not seem large enough to produce the punishment and deterrence effect often claimed by proponents of the tort remedy. Using an experimental technique involving simulated trials and adults called for jury service as subjects, we examine the effects of two procedural aspects of such suits on juror awards. The extent of municipal liability and the substitution of the U.S. government as plaintiff do not appear to affect the incidence or size of compensatory or punitive damage awards. Denying jurors information about the outcome of the search does appear likely to increase damage awards. The article both explores factors affecting juror decision-making in these cases and illustrates the utility and limitations of the experimental method for testing suggested policy innovations.     

Parties and institutions: empirical evidence on veto players and the growth of government

Does the effective number of veto players in a political system explain the rate of government growth? Panel data analyses are conducted in order to test several measures of veto players against each other, and these results are compared with similar analyses of government fractionalization. The analyses indicate that veto players and especially government fractionalization exert a constraining effect on changes in the size of government, but also that the effect is not consistent over time: neither veto players in general nor fractionalization of government in particular exerted any constraining effect during the decades of rapid government growth due to welfare state creation and expansion in the 1960s and 1970s. The strength of government fractionalization vis-a-vis the veto player measures in explaining changes in the size of government suggest that the constellation of partisan veto players within coalition governments matters, while the effect of institutional veto players remains uncertain.     

Making Citizen Participation Work: The Challenging Search for New Forms of Local Democracy in The Netherlands

Governance theory shows that governments no longer operate as actors that take unilateral decisions but instead have to share power and influence with various other actors. There is also a large body of literature that shows a growing discontent with (local) democracy. These two trends lead various local governments to either reaffirm representative democracy, or to introduce elements of direct participatory democracy. In practice the combination of the two – representative and direct participatory democracy – can be problematic. This paper describes the experiences of Hoogeveen, a medium-sized municipality in the Netherlands with a far-reaching programme of direct participatory democracy. In Hoogeveen, local residents can decide on yearly budgets for their neighbourhood and become involved in the long-term planning of its development. The Hoogeveen case shows that direct participatory and representative democracy can be balanced with the help of (1) connecting arrangements, (2) professional connectors and (3) steady political support.     

Juror decision making,attitudes, and the hindsight bias

This study examines juror decision making in civil suits against police officers alleged to have engaged in illegal searches, using simulated case materials and mock jurors drawn both from adults called for jury service and a student subject pool. The experiment assesses the impact of a cognitive process (thehindsight bias) and of individual attitudes on awards and finds that both are related to juror decisions. We test a theoretical model that specifies that both attitudes and outcome knowledge exercise their influence upon the damage award decision by means of their impact on interpretation of testimony. Causal models of the decision-making process appear to support the role played by interpretation of evidence as a mediator between individual attributes and juror decisions.We are indebted to Reid Hastie, Tom Tyler, Phoebe Ellsworth, Jack Heinz, Robert Nelson, Rayman Solomon, and Bonnie Fisher for assistance with various aspects of the design, data collection, and analysis reported here. Financial support was provided by the American Bar Foundation, and the Center for Urban Affairs and Policy Research and the Dispute Resolution Research Center, both at Northwestern University.John D. & Catherine T. MacArthur Foundation.     

A test of two models of adolescent egocentrism

The present study investigated two predictors of adolescent egocentrism: formal operational ability and interpersonal understanding. Participants included 87 adolescents from four age groups. Two measures of adolescent egocentrism, two formal operations tasks, and an interview assessing level of interpersonal understanding were administered. Results showed that interpersonal understanding level predicted egocentrism as measured by the personal fable subscale of the Adolescent Egocentrism-Sociocentrism scale, whereas formal operations was not a predictor of any form of adolescent egocentrism. Implications for future research and the relationship between egocentrism and social cognitive development are discussed.This study is based on the master's thesis work of the first author, which was directed by the second author.Received Ph.D. from Wayne State University. Research interest in adult social-cognitive development. To whom correspondence should be addressed.     

The solution to the Tullock rent-seeking game when R>2: Mixed-strategy equilibria and mean dissipation rates

In Tullock's rent-seeking model, the probability a player wins the game depends on expenditures raised to the power R. We show that a symmetric mixed-strategy Nash equilibrium exists when R>2, and that overdissipation of rents does not arise in any Nash equilibrium. We derive a tight lower bound on the level of rent dissipation that arises in a symmetric equilibrium when the strategy space is discrete, and show that full rent dissipation occurs when the strategy space is continuous. Our results are shown to be consistent with recent experimental evidence on the dissipation of rents.     

Impacting the Political Landscape: Who Registers and Votes Among Naturalized Americans?

Little is known about the voting behavior of naturalized Americans, primarily due to a lack of good quality data on the national level. Using data from the Voting and Registration Supplement to the November 1996 Current Population Survey (CPS), we examine whether region of origin and length of time spent in the United States affect the likelihood of registering and voting among naturalized citizens, net of other socioeconomic and demographic factors already known to influence electoral behavior. We find that naturalized citizens who have a longer length of time at current residence and in the United States, and those who are older, with more education and higher income are more likely to register and vote. Region of origin is not a major explanatory variable, but there are differences in registering and voting by country of origin among naturalized citizens from Asia and Latin America. Finally, being registered is a necessary but not sufficient condition that predicts voting among naturalized citizens from Asia and from Latin America.     

成功的研究密集型大学必备的四种特性

这篇演讲包括两部分。第一部分是“成功的研究密集型大学必备的四种特性”。第二部分是大学校长的九种职责。在演讲的第一部分 ,作者指出 ,成功的研究密集型大学必备的四种特性是 :对大学工作的不断反思、研究与教学之间的辩证关系、学术自由和组织自我管理的灵活结构和竞争。在演讲的第二部分 ,作者从自己的亲身经历描述了作为一名大学校长所担当的九种职责。这些职责包括 :大学校长、首席执行官、理事、筹款者、教育家、大学服务中的学者、公众人物、社会工作者和娱乐伙伴的职责