scholarly journals Ten adverse outcomes when manager focus on creating shareholder value: a review

2020 ◽  
Vol 4 (2) ◽  
pp. 79-107
Author(s):  
Alexandre Di Miceli da Silveira
Keyword(s):  
Stock Prices ◽  
Multidisciplinary Approach ◽  
Shareholder Value ◽  
Adverse Outcomes ◽  
Corporate Law ◽  
Compelling Evidence ◽  
Negative Consequences ◽  
Sociology Of Organizations ◽  
Business Cases ◽  
Harmful Effects

This paper surveys the literature criticizing the view that managers should run companies aiming to create shareholder value by maximizing stock prices. Based on a multidisciplinary approach, I include empirical and theoretical papers from fields such as corporate law, management, finance, economics, business ethics, social psychology, and sociology of organizations. Ten main harmful effects from the adoption of the shareholder value paradigm stand out. I also add to the literature by presenting anecdotal evidence through short business cases illustrating these adverse outcomes. Together, this growing literature provides compelling evidence that governing companies in order to maximize current stock prices might lead to severe negative consequences for all corporate constituencies, including society and shareholders themselves.

scholarly journals Risk Factors for Postpartum Depression During COVID-19 Pandemic: A Systematic Literature Review

2021 ◽  
Vol 12 ◽  
pp. 215013272110593
Author(s):  
Sadia Usmani ◽  
Elona Greca ◽  
Sana Javed ◽  
Medha Sharath ◽  
Zouina Sarfraz ◽  
...  
Keyword(s):  
Mental Health ◽  
Risk Factors ◽  
Literature Review ◽  
Postpartum Depression ◽  
Systematic Literature Review ◽  
Adverse Outcomes ◽  
Depression Symptoms ◽  
Postpartum Women ◽  
Negative Consequences ◽  
Symptoms Of Depression

Introduction: The COVID-19 pandemic has had a devastating worldwide effect on mental health. Recent studies correlate the spreading of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) with symptoms of depression, most prominent in postpartum women. Our systematic literature review scope is to identify the risk factors and predictors for postpartum depression (PPD) and describe the steps that should be taken to help postpartum women. This study will help clinicians, researchers, and policymakers to elucidate the predictors of PPD during this pandemic and prevent these adverse outcomes in future crises. Methods: We conducted a systematic search by employing databases PubMed, Google Scholar, Scopus, and Embase to identify articles published before March 2021. About 463 publications were generated during our search process and from those, 36 were reviewed, summarized, and synthesized. Studies qualified the criteria if they (1) utilized qualitative or quantitative design, (2) explored the risk factors for PPD, and (3) were written in English. Quality evaluation of each study was achieved by using criteria set by Lincoln and Guba. Results: Prevalence of depression symptoms ranged from 7% to 80.8% in postpartum women during the SARS-COV 2 pandemic. The risk factors for PPD were classified into 6 major categories: socio-demographic, psychological, pre-existing pathology, metabolic factors, previous events of miscarriage, and media misinformation. Conclusion: It is extremely vital to care for women’s mental health during pregnancy and after childbirth during these unprecedented times. This review urges the need to design adequate interventions for this vulnerable population to prevent negative consequences of PPD.

The importance of timing: The varying impact of childhood and adolescent maltreatment on multiple problem outcomes

2001 ◽  
Vol 13 (4) ◽  
pp. 957-979 ◽  
Author(s):  
TERENCE P. THORNBERRY ◽  
TIMOTHY O. IRELAND ◽  
CAROLYN A. SMITH
Keyword(s):  
Drug Use ◽  
Youth Development ◽  
Teen Pregnancy ◽  
Childhood Maltreatment ◽  
Teenage Pregnancy ◽  
Developmental Stages ◽  
Adverse Outcomes ◽  
Childhood And Adolescence ◽  
Negative Consequences ◽  
The Impact

A substantial body of literature suggests that childhood maltreatment is related to negative outcomes during adolescence, including delinquency, drug use, teenage pregnancy, and school failure. There has been relatively little research examining the impact that variation in the developmental stage during which the maltreatment occurs has on these relationships, however. In this paper, we reassess the impact of maltreatment on a number of adverse outcomes when developmentally specific measures of maltreatment—maltreatment that occurs only in childhood, only in adolescence, or in both childhood and adolescence—are considered. Data are drawn from the Rochester Youth Development Study, a broad-based longitudinal study of adolescent development. The analysis examines how maltreatment affects delinquency, drug use, alcohol-related problems, depressive symptoms, teen pregnancy, school dropout, and internalizing and externalizing problems during adolescence. We also examine whether the type of maltreatment experienced at various developmental stages influences the outcomes. Overall, our results suggest that adolescent and persistent maltreatment have stronger and more consistent negative consequences during adolescence than does maltreatment experienced only in childhood.

scholarly journals Inequalities in the economic consequences of depression and anxiety in Europe: a systematic scoping review

2019 ◽  
Vol 30 (4) ◽  
pp. 767-777 ◽  
Author(s):  
Anna Linder ◽  
Ulf-G. Gerdtham ◽  
Nadja Trygg ◽  
Sara Fritzell ◽  
Sanjib Saha
Keyword(s):  
Social Stratification ◽  
Disability Pension ◽  
Adverse Outcomes ◽  
Economic Consequences ◽  
Depression And Anxiety ◽  
Negative Consequences ◽  
Educational Achievements ◽  
Scoping Literature Review ◽  
Absence From Work

Abstract Background Depression and anxiety are associated with adverse outcomes in educational achievements and economic performances. Moreover, the prevalence of these disorders is unequally distributed among different population subgroups. Our objective is to investigate whether the economic consequences of depression and anxiety differ between population subgroups of different gender, socioeconomic status (SES), ethnicity and age, in Europe. Methods A systematic scoping literature review was performed to identify studies where exposure to depression or anxiety was identified at baseline and consequences in education, sickness absence, disability pension, unemployment and income/earnings were measured at follow-up. Results Seventeen articles were included in this review and most of these were conducted in the Nordic countries. The consequences of depression and anxiety were stratified by gender in most of the articles. However, only in a few studies, the findings were stratified by SES, age and ethnicity. The negative consequences of depression in educational performance, disability pension and income are larger for men compared to women. Moreover, low SES individuals have more depression- and anxiety-related absence from work than high SES individuals. Conclusion Our findings imply that the economic consequences of depression differ between population subgroups in Europe. This could have an impact on social stratification, shifting people who experience mental ill-health to lower SES groups or reinforcing an already disadvantaged position. More research is needed on unequal economic consequences of depression and anxiety in different population subgroups in Europe.

Workplace cyberbullying and creativity: examining the roles of psychological distress and psychological capital

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Masood Nawaz Kalyar ◽  
Munazza Saeed ◽  
Aydin Usta ◽  
Imran Shafique
Keyword(s):  
Psychological Distress ◽  
Process Model ◽  
Psychological Capital ◽  
Underlying Mechanism ◽  
Public Hospitals ◽  
Negative Consequences ◽  
Content Type ◽  
Workplace Stressors ◽  
Harmful Effects ◽  
Practical Implications

Purpose This study aims to investigate the effects of workplace cyberbullying on creativity directly and through psychological distress. Furthermore, this study proposes that psychological capital (PsyCap) buffers the harmful effects of workplace cyberbullying on psychological distress and creativity. Design/methodology/approach The data were collected in two waves from 329 nurses working in four large public hospitals located in a metropolitan city of Pakistan. The data were analyzed through PROCESS (Model 8) using SPSS. Findings The results demonstrate that cyberbullying negatively affects creativity through increased psychological distress. The findings also explicate that PsyCap moderates the effects of cyberbullying on psychological distress such that the link was weak (vs strong) for those (victims) who had high (vs low) PsyCap. Practical implications This study recommends management to develop and promote PsyCap among employees because these positive resources help them to regulate their emotions and cognition to overcome negative consequences of cyberbullying and other workplace stressors. Originality/value Psychological distress as an underlying mechanism between cyberbullying and creativity as well as buffering effect of PsyCap is the novelty of the study.

scholarly journals Similarities and Differences in Risk and Protective Factors in Teacher Induction for Prospective Elementary and Physical and Health Education Teachers

2017 ◽  
Vol 51 (2) ◽  
pp. 807-831
Author(s):  
Mylène Leroux ◽  
Charlotte Beaudoin ◽  
Johanne Grenier ◽  
Sylvain Turcotte ◽  
Marie-Claude Rivard
Keyword(s):  
Health Education ◽  
Protective Factors ◽  
Teacher Induction ◽  
Prospective Teachers ◽  
Risk And Protective Factors ◽  
Adverse Outcomes ◽  
Negative Consequences ◽  
Physical And Health Education ◽  
Similarities And Differences ◽  
Support Teacher

The growing body of literature on teacher induction barriers has revealed the need to address issues that may lead to negative consequences. Recent research points to an increased interest in teacher resilience, a concept that promotes positive adaptation to counteract these adverse outcomes. However, teacher induction and resilience may differ depending on teaching context. For example, do specialists such as physical and health education teachers experience the same induction situation as generalist teachers? The authors aimed to compare the anticipated risk and protective factors related to the induction of these prospective teachers. The data from two studies were analyzed using thematic coding. The results indicate similarities and differences between the two groups that suggest ways to better support teacher induction.

Audit Research after Sarbanes-Oxley

2005 ◽  
Vol 24 (s-1) ◽  
pp. 5-30 ◽  
Author(s):  
Mark L. DeFond ◽  
Jere R. Francis
Keyword(s):  
Audit Quality ◽  
Scientific Evidence ◽  
Academic Research ◽  
Securities And Exchange Commission ◽  
Institutional Changes ◽  
Compelling Evidence ◽  
Negative Consequences ◽  
High Profile ◽  
Sarbanes Oxley ◽  
Accounting Scandals

The scrutiny auditing received following Enron's failure and the accounting scandals at Worldcom and other companies provides compelling evidence that auditing matters and is important. What is unclear, however, is whether auditing was sufficiently “broken” in the first place to warrant the radical reforms and changes effected by the Sarbanes-Oxley Act of 2002 (SOX). While there have been some high profile corporate failures and accounting scandals, the number of demonstrated audit failures as evidenced by successful litigation or U.S. Securities and Exchange Commission (SEC) sanctions is quite small and approaches an annual failure rate of close to zero. In addition, our interpretation of the academic research suggests that many of the “solutions” embodied in SOX are not only unlikely to solve the profession's alleged problems; they may well have serious unintended negative consequences. So the disconnect is large between the scientific evidence on audit quality and institutional changes premised on the assumption that auditing is broken. This paper attempts to stimulate research into some of the important questions implicitly raised by SOX regarding the audit profession's potential failings. An outline of our primary observations and suggestions are presented in the paper's Introduction.

scholarly journals Contested Visions: The Value of Systems Theory for Corporate Law

2017 ◽  
Author(s):  
Tamara Belinfanti ◽  
Lynn Stout
Keyword(s):  
Systems Theory ◽  
Environmental Science ◽  
Dominant Role ◽  
Shareholder Value ◽  
Corporate Law ◽  
Quarter Century ◽  
Citizens United ◽  
And Performance ◽  
The Many

Despite the dominant role corporations play in our economy, culture, and politics, the nature and purpose of corporations remains hotly contested. This conflict was brought to the fore in the recent Supreme Court opinions in Citizens United and Hobby Lobby. Although the prevailing narrative for the past quarter-century has been that corporations “belong” to shareholders and should pursue “shareholder value,” support for this approach, which has been justified as essential for managerial accountability, is eroding. It persists today primarily in the form of the argument that corporations should seek “long-term” shareholder value. Yet, as this Article shows, when shareholder value is interpreted to mean “long-term” shareholder value, it no longer offers the sought-after managerial accountability.What can? This Article argues that systems theory offers an answer. Systems theory is a well-developed design and performance measuring methodology routinely applied in fields such as engineering, biology, computer science, and environmental science. It provides an approach to understanding the nature and purpose of corporate entities that is not only consistent with elements of the many otherwise-conflicting visions of the corporation that have been developed, but also with important and otherwise difficult-to-explain features of corporate law and practice. It offers proven methods for measuring corporate performance that recognize the possibility of multiple goals and the importance of sustainability. And it cautions that, by ignoring the lessons of systems theory, shareholder value thinking may have encouraged regulatory and policy interventions into corporate governance that are not only ineffective, but destructive.

scholarly journals Maternal and fetal outcomes of pregnancy in chronic kidney disease: diagnostic challenges, surveillance and treatment throughout the spectrum of kidney disease

2021 ◽  
Author(s):  
Inês Filipe Gouveia ◽  
Joana Raquel Silva ◽  
Clara Santos ◽  
Claudina Carvalho
Keyword(s):  
Chronic Kidney Disease ◽  
Kidney Disease ◽  
Gestational Hypertension ◽  
Normal Pregnancy ◽  
Adverse Outcomes ◽  
Physiological Adaptations ◽  
Fetal Complications ◽  
Recent Developments ◽  
Progression Of Renal Disease ◽  
Harmful Effects

Abstract Pregnancy requires several physiological adaptations from the maternal organism, including modifications in the glomerular filtration rate and renal excretion of several products. Chronic kidney disease (CKD) can negatively affect these modifications and consequently is associated with several adverse maternal and fetal adverse outcomes (gestational hypertension, progression of renal disease, pre-eclampsia, fetal growth restriction, and preterm delivery). A multidisciplinary vigilance of these pregnancies is essential in order to avoid and/or control the harmful effects associated with this pathology. Dialysis and transplantation can decrease the risks of maternal and fetal complications, nonetheless, the rates of complications remain high comparing with a normal pregnancy. Several recent developments in this area have improved quality and efficacy of treatment of pregnant women with CKD. This article summarizes the most recent literature about CKD and pregnancy.

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