Recent downward trends in corporate giving have renewed interest in the factors that shape corporate philanthropy. This paper examines the relationships between charitable contributions, firm size and industry. Improvements over previous studies include an IRS data base that covers a much broader range of firm sizes and industries as compared to previous studies and estimation using an instrumental variable technique that explicitly addresses potential simultaneity between charitable contributions and profitability. Important findings provide evidence of a cubic relationship between charitable giving (...) and firm size and evidence of strong industry effects. The plus-minus-plus regression coefficient sign pattern for the cubic firm size model suggests that small and large firms give more relative to total receipts with lower giving ratios among medium size firms. One interpretation for this finding is that small firms are close to the communities they serve while high visibility creates a need for large firm philanthropy. Strong industry effects provide evidence of inter-industry differences in giving culture and/or different public relations requirements across industries. (shrink)

This article investigates the effects of firm size, profitability, industry affiliation, and the business cycle on retailer philanthropy. The importance of industry and firm effects on giving was analyzed with regression models using industry-fixed effects as well as firm strategy variables. The analysis included instrumental variables methodology to account for simultaneity in the charitable giving–profits relationship. Data were gathered from the IRS Corporate Statistics of Income Sourcebook, data that provide firm size class measures covering the entire firm size distribution ranging (...) from small retailers up to large multi-national retail firms. Retailer philanthropy was measured as the ratio of charitable contributions to total receipts. Important findings include a cubic relationship between retailer philanthropy and firm size; industry effects stronger than those observed for retail profit; and the absence of business cycle effects. The empirical research relating retail charitable giving to firm attributes including firm size and advertising, industry and business cycle factors are unique in the business ethics literature. Prior studies regarding the importance of industry on charitable giving utilized data across broad sectors of the economy. Firms from different sectors could be expected to differ in philanthropic approach due to differences in public contact as well as differences in public relations exposure. The strong industry effects reported for this sample of exclusively retail firms, with similar public contact, provide strong evidence for the importance of industry in determining firms’ charitable strategies. (shrink)

This review essay, concerning three collections of Shils’ essays published in 1997, focuses on Shils’ assertion of the importance of charisma or the sacred in the ties that bind a secular society together and enable it to function as it does, asks why Shils did not accept Polanyi’s views about intellectuals, and refers to aspects of the sacred attributed to universities and to our academic traditions.

The development of civilization implies an evolution of complex trust mechanisms which integrate the social system and form bonds which allow individuals to interact, even if they are strangers. Key elements of trust are predictability of consequences and an evaluation of consequences in terms of self-interest or values. Values, ethics, and norms enhance predictability. The terrorist introduces an unpredictable event which has negative consequences, thus destroying trust. However, terrorist-like situations occur in day-to-day activities. Technology itself makes the world more interdependent (...) and less predictable. Furthermore, technological accidents and disasters, which are also unpredictable and negative, may prompt individuals to perceive technology as if it were a terrorist. (shrink)

In a recent note, D. Braund has challenged my identification of the Pollio at whose home in Rome Herod's sons Alexander and Aristobulus stayed in 22 b.c. as Gaius Asinius Pollio, the famous consul of 40 b.c., who was a close friend of Julius Caesar and to whom Virgil dedicated his Fourth Eclogue. Braund's argument rests upon five grounds. If this Pollio were a man of the stature of Asinius Pollio, we would expect Josephus to make his identity clear and (...) not to describe him solely as one of Herod's most devoted friends . Josephus' reference to Pollio here is different from the definite references to Asinius Pollio elsewhere in Josephus, where he is referred to as Asinius or Gaius Asinius Pollio . In the latter passage his name is spelled Πωλίωνος, whereas the name of the host of Herod's sons is spelled Πολλίωνος. When Herod sent two other sons to Rome, they stayed ‘with a certain Jew’ , and hence it seems likely that the two other sons likewise stayed with a Jew. Asinius' role in the elevation by the Roman Senate of Herod to the kingship of Judaea was no greater than that of any other magistrate. (shrink)

In a recent note, D. Braund has challenged my identification of the Pollio at whose home in Rome Herod's sons Alexander and Aristobulus stayed in 22 b.c. as Gaius Asinius Pollio, the famous consul of 40 b.c., who was a close friend of Julius Caesar and to whom Virgil dedicated his Fourth Eclogue. Braund's argument rests upon five grounds. If this Pollio were a man of the stature of Asinius Pollio, we would expect Josephus to make his identity clear and (...) not to describe him solely as one of Herod's most devoted friends. Josephus' reference to Pollio here is different from the definite references to Asinius Pollio elsewhere in Josephus, where he is referred to as Asinius or Gaius Asinius Pollio. In the latter passage his name is spelled Πωλίωνος, whereas the name of the host of Herod's sons is spelled Πολλίωνος. When Herod sent two other sons to Rome, they stayed ‘with a certain Jew’, and hence it seems likely that the two other sons likewise stayed with a Jew. Asinius' role in the elevation by the Roman Senate of Herod to the kingship of Judaea was no greater than that of any other magistrate. (shrink)

The fact that Greek ζ = Indo-European j in the words ζειαί, ζέω, ζxs22EFλος, ζόρξ, ζυγόν, S0009838800022941_inline1, and ζωρός may be regarded as fairly well established , despite the counter-arguments of Sommer.

The fact that Greek ζ = Indo-European j in the words ζειαί, ζέω, ζxs22EFλος, ζόρξ, ζυγόν, S0009838800022941_inline1, and ζωρός may be regarded as fairly well established, despite the counter-arguments of Sommer.

The fact that Greek ζ = Indo-European j in the words ζειαί, ζέω, ζ⋯λος, ζόρξ, ζυγόν,, and ζωρός may be regarded as fairly well established, despite the counter-arguments of Sommer.

In the course of the preparation of the introductory article on ‘Drama’ for Hastings Encyclopaedia of Religion and Ethics, my attention was directed, not only to the problem of the origin of this type of drama, but also to the basal meaning of the Greek term S0009838800017535_inline1. It need scarcely be said that the rise of tragedy is almost universally connected with the cult of Dionysos . On the other hand, the theory has been advanced by Crusius , Hirt , (...) and especially Ridgeway , that tragedy arose not from the Dionysos-cult, but from the desire to honour and appease the dead. It is to this latter theory that I strongly incline, and I feel that tragedy can be connected with the cult of Dionysos only through this deity's aspect of a chthonic god who gave release from the lower world and who was later identified with Attis, Adonis, and Osiris. (shrink)