The increased scrutiny of investors regarding the non-financial aspects of corporate performance has placed portfolio managers in the position of having to weigh the benefits of ' holding the market' against the cost of having positions in companies that are subsequently found to have questionable business practices. The availability of stock indexes based on sustainability screening makes increasingly viable for institutional investors the transition to a portfolio based on a Socially Responsible Investment (SRI) benchmark at relatively low cost. The increasing (...) share of socially responsible investments may play a role in providing incentives towards a continuous upgrading of sustainability standards to the extent that their performance is not systematically inferior to that of the other funds. This article examines whether these incentives have been so far detectable with particular reference to the Dow Jones Sustainability Stoxx Index (DJSSI) that focuses on the European corporations with the highest CSR scores among those included in the Dow Jones Stoxx 600 Index. The aim of the article is twofold. First, we analyse the performance of the DJSSI over the period 2001-2006 compared to that of the Surrogate Complementary Index (SCI), a new benchmark that includes only the components of the DJ Stoxx 600 that do not belong to the ethical index to evaluate more correctly the size of possible divergent performances. Second, we perform an event study on the same data set to analyse whether the stock market evaluation reacts to the inclusion (deletion) in the DJSSI. In both cases, the results suggest that the evaluation of the CSR performance of a firm is a significant criterion for asset allocation activities. (shrink)
What's the world made of? Donuts! and Beer! -- Protagoras, Gorgias, Captain Kirk, and Denny Crane -- Socrates : The Sergeant Schultz of Ancient Greece -- Plato is the new American Idol -- Aristotle loves Lucy -- Charlie Harper's Non-Epicurean lifestyle -- St. Augustine's Highway to Heaven -- Scully shaves Mulder with Ockham's Razor -- Larry Hagman dreams of Descartes -- Locke versus Hobbes, or The Brady Bunch takes on Survivor -- Can or can't Kant like vampires? -- Reading Hegel (...) in Outer Space -- John Stuart Mill and the Utilitarian Heroism of Dexter Morgan -- Karl Marx and Adam Smith, meet Alex P. Keaton -- Dr. Gregory House and the Nietzschean Superman -- Don Draper, George Costanza and the non-meaning of life -- Jersey Shore's 'The Situation': The Randian Ideal man with a tan? -- Earl Hickey meets Karma in My name is Earl -- Lost but not least. (shrink)
Chinese environmentalists have called for an ecological civilization. To promote this, ecology is defended as the core science embodying process metaphysics,and it is argued that as such ecology can serve as the foundation of such a civilization. Integrating hierarchy theory and Peircian semiotics into this science,it is shown how “community” and “communities of communities,” in which communities are defined by their organization to promote the common good of theircomponents, have to be recognized as central concepts not only of ecology, but (...) of life itself. This perspective is used to defend Lovelock’s “Gaia” hypothesis and the call of Prugh, Costanza, and Daly for strong democracy. An ethics and political philosophy is sketched based on “eco-poiesis” or “home-making,” which is equated with augmenting the life of communities, both human and non-human. (shrink)
Over the past few years, intercultural health has become an emerging issue in health policy. Intercultural health is an approach in health that aims at reducing the gap between indigenous and western health systems, on the basis of mutual respect and equal recognition of these knowledge systems. This article questions the applicability of such a concept in the context of Chile. Here, conflicting interests between the Mapuche and the Chilean state are related to aspects of economic development, modernity processes, integration, (...) intercultural relations, and indigenous rights and are deeply reflected also in projects for an intercultural health system. By analysing the experience of the intercultural practice of Makewe Hospital, this article argues that effective and equitable intercultural health practices will not take place unless there will be an integral valorisation of the Mapuche culture from a broader perspective. (shrink)
Costanza Margiotta (2007). Ideas and Values of the "Legal" State. In José Rubio Carrecedo (ed.), Political Philosophy: New Proposals for New Questions: Proceedings of the 22nd Ivr World Congress, Granada 2005, Volume Ii = Filosofía Política: Nuevas Propuestas Para Nuevas Cuestiones. Franz Steiner Verlag.score: 3.0