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The effects of military couples' (N = 219) financial management concerns on marital quality were investigated using an actor-partner interdependence model based on the family stress model. The influence of the mediating role of warm and hostile marital interactions was also investigated after accounting for multiple indicators of the military context, which are usually significant in the lives of military families. Individuals with higher levels of concern about financial management expressed less warmth and more hostility towards their partner. In turn, individuals exhibiting higher levels of warmth had spouses who reported greater marital quality. [ABSTRACT FROM AUTHOR]

This paper examines firm-level determinants of mature firm exits after economic distress. Using nested logit models and a sample of 6,118 distress-related exits in Belgium, we analyze the type of exit that distressed firms experience. We show that 41% of the firms in our sample exit through a court driven exit procedure (mainly bankruptcy), 44% are voluntarily liquidated and 14% are acquired, merged or split (hereafter M&A). Distressed firm exit follows two distinct stages. First, a firm either decides to exit voluntarily or is forced into bankruptcy, which is the least efficient exit strategy. Compared to bankruptcy, the probability of a voluntary exit increases with higher levels of cash, lower leverage, holding no secured debt and being embedded in a group. If a firm exits voluntarily, it enters a second stage and decides either to exit through voluntary liquidation or through a M&A. Conditional on not going bankrupt, the likelihood of voluntary liquidation compared to M&A increases with higher levels of cash or secured debt, with smaller size and with an absence of group relations. We contribute to the firm exit literature by jointly analyzing three exit types and showing that bankruptcy and voluntary liquidation are fundamentally different exit routes. While voluntary liquidation is an important exit route for distressed firms, most previous studies have failed to distinguish between bankruptcy and liquidation. We hence contribute to the exit literature by showing that bankruptcy, voluntary liquidation and M&A are fundamentally distinct exit routes for distressed firms, driven by different firm level characteristics and following a two-stage process. [ABSTRACT FROM AUTHOR]

In this paper, we introduce the Socio-Economic Empowerment Assessment (SEEA), a qualitative assessment that uses an ecological framework to better understand the psychological impact of poverty and financial insecurity. The assessment is designed as a practice tool and can be administered in a number of clinical settings, including agencies most likely to serve low-income populations. It can also be included as part of financial literacy or management sessions that social work agencies may offer. This paper explores how SEEA can be used to help develop specific and appropriate interventions that move low-income people and others toward economic empowerment. We examine the literature on financial literacy programs and theories on behavior regulation and social relationships related to consumption. A case study using an integrative assessment approach is included as an example of SEEA implementation. [ABSTRACT FROM AUTHOR]

A continuing debate in sociological criminology involves the association of crime with economic disadvantage at both aggregate and individual levels of analysis. At the aggregate level, data from law enforcement sources suggest that rates of intimate violence are higher in disadvantaged neighborhoods. Disadvantaged neighborhoods may experience higher rates of intimate violence for compositional or contextual reasons, or rates may only appear to be higher because of differential reporting. Similarly, at the individual level, intimate violence appears more common among couples that are economically distressed, but whether economic distress triggers intimate violence is not certain. Using data from waves 1 and 2 of the National Survey of Families and Households and from the 1990 U.S. Census, we investigate the effects of neighborhood economic disadvantage and individual economic distress on intimate violence against women. Controlling for violence at time 1 and other individual level characteristics, we find that neighborhood economic disadvantage, neighborhood residential instability, male employment instability, and subjective financial strain influence the likelihood of violence at time 2. The relationship between neighborhood disadvantage and intimate violence appears to reflect both compositional and contextual effects. [ABSTRACT FROM AUTHOR]