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This paper extends the AGM theory of belief revision to accommodate infinitary belief change. We generalize both axiomatization and modeling of the AGM theory. We show that most properties of the AGM belief change operations are preserved by the generalized operations whereas the infinitary belief change operations have their special properties. We prove that the extended axiomatic system for the generalized belief change operators with a Limit Postulate properly specifies infinite belief change. This framework provides a basis for first-order belief (...) revision and the theory of revising a belief state by a belief state. (shrink)
Bai, Tongdong 白彤東, New Mission of an Old State: Classical Confucian Political Philosophy in a Contemporary and Comparative Context 舊邦新命: 古今中西參考下的古典儒家政治哲學 Content Type Journal Article DOI 10.1007/s11712-010-9183-0 Authors Ellen Y. Zhang, Department of Religion and Philosophy, Hong Kong Baptist University, Kowloon Tong, Kowloon, Hong Kong Journal Dao Online ISSN 1569-7274 Print ISSN 1540-3009 Journal Volume Volume 9 Journal Issue Volume 9, Number 4.
Wei-Bin Zhang offers an authoritative guide to the philosophy of Confucian regions, covering mainland China Taiwan, Hong Kong, Macao, Japan, South Korea, North Korea, Vietnam, and Singapore. All, except Singapore, employed Confucianism as the state ideology before the West came to East Asia. The differences and similarities between the variety of Confucian schools are examined. The author concludes that the philosophical and ethical principles of Confucianism will assist in the industrialization and democratization of the region.
Zi xu -- Di 1 zhang yu zhou san yuan: xin, wu, neng -- Di 2 zhang jin dai wu li xue de zhe xue yi yi -- Di 3 zhang xin wu neng de ji ben te xing yu yu zhou ji ben fa ze -- Di 4 zhang yu zhou san jie -- Di 5 zhang yu zhou de sheng cheng bian hua -- Di 6 zhang zong jie yu ying yong.
In response to the lack of empirical studies examining the internal disclosure behavior in the Chinese context, this study tested a whistleblowing-decision-making process among employees in the Chinese banking industry. For would-be whistleblowers, positive affect and organizational ethical culture were hypothesized to enhance the expected efficacy of their whistleblowing intention, by providing collective norms concerning legitimate, management-sanctioned behavior. Questionnaire surveys were collected from 364 employees in 10 banks in the Hangzhou City, China. By and large, the findings supported the hypotheses. (...) Issues of whistleblowing in the Chinese context and implications were discussed. (shrink)
Prior research suggests that ownership structure is associated to corporate social responsibility (CSR) in developed countries. This article examines whether and how ownership structure affects CSR in emerging markets using Chinese firms’ social responsibility ranking. Our empirical evidences show that for non-state-owned firms, corporate ownership dispersion is positively associated to CSR. However, for state-owned firms, whose controlling shareholder is the state, this relation is reversed. We attribute the reversed relationship to political interferences and further test this hypothesis by demonstrating (...) that regional economic development is negatively related to CSR for state-owned firms due to decreased political interference in more developed areas. This study is the first to directly examine the relationship between the dispersion of corporate ownership and CSR in emerging markets, and our results depict that it is important to consider ownership type in assessing CSR in emerging market where state ownership is still prevalent such as China. The results also reveal that firm size, profitability, employee power, leverage, and growth opportunity affect CSR in China. (shrink)
We argue that current discussions of criteria for actual causation are ill-posed in several respects. (1) The methodology of current discussions is by induction from intuitions about an infinitesimal fraction of the possible examples and counterexamples; (2) cases with larger numbers of causes generate novel puzzles; (3) “neuron” and causal Bayes net diagrams are, as deployed in discussions of actual causation, almost always ambiguous; (4) actual causation is (intuitively) relative to an initial system state since state changes are relevant, but (...) most current accounts ignore state changes through time; (5) more generally, there is no reason to think that philosophical judgements about these sorts of cases are normative; but (6) there is a dearth of relevant psychological research that bears on whether various philosophical accounts are descriptive. Our skepticism is not directed towards the possibility of a correct account of actual causation; rather, we argue that standard methods will not lead to such an account. A different approach is required. Once upon a time a hungry wanderer came into a village. He filled an iron cauldron with water, built a fire under it, and dropped a stone into the water. “I do like a tasty stone soup” he announced. Soon a villager added a cabbage to the pot, another added some salt and others added potatoes, onions, carrots, mushrooms, and so on, until there was a meal for all. (shrink)
Unlike traditional Western philosophy, which places no special emphasis on the importance of family structure, traditional Chinese philosophy represented by Confucianism is a set of theories that give family a primary position. With family as the foundation, a complete framework of “human body → two genders → family and clan” is formed. Therefore, family in Chinese philosophy is existent, gender-interactive and diachronic. It should also be noted that family also plays a fundamental role in Chinese theories on cosmology, religion, and (...) many other subjects. In other words, Chinese culture as a whole is imprinted with reflections on family. Nowadays, as the value of family becomes less prominent, re-examining ancient Chinese philosophy will undoubtedly bear theoretical significance. Meanwhile, traditional Chinese philosophy can also offer an ideological framework for the re-construction of family values in the contemporary world. (shrink)
This study addresses the question whether corporate social responsibility (CSR) matters in Asian Emerging Markets. Based on CSR scores compiled by Credit Lyonnais Securities (Asia), we assess the CSR performance of major Asian firms over a period of 3 years, from 2001 to 2004. The results show that there is a positive and significant relation between CSR and market valuation among Asian firms. We further find that CSR is positively related to the market valuation of the subsequent year. More importantly, (...) Asian firms are rewarded by the market for improving their CSR practice. (shrink)
In volume 75 of Heidegger’s Complete Works, there is an article written in 1943 in which Heidegger cited the whole of chapter 11 of the Lao Zi to illustrate his view of the uniqueness of the poet. This essay attempts to expose Heidegger’s rendering and interpretation of that chapter. They contain both a deepened exegesis of his doctrine of “Being” and “time” in his earlier writing, and a methodological revealing of the guiding word “appropriation” in his late works.
Confucianism is a rather typical non-universalism, even though it does believe that its own doctrines are indeed the ultimate truth, and denies the validity of any higher, universalist meta-standard. Therefore, when facing the contemporary culture intercourse, Confucianism advocates genuine discourse: It rejects any cultural conflict to-the-death, refuses to engage in universalist competition and antagonism, and maintains a mutually-beneficial interaction with other cultures. However, it also adheres to a “free-to-terminate-relations” principle, which implies that any side is free to terminate, at any (...) time, all potential and actual interactions, whenever it feels that its original cultural vitality is threatened. In other words, cultural interactions must only occur when the cultural uniqueness and independence of all participating sides is guaranteed. (shrink)
An investigation into what kind of knowledge is necessary for interpretation is an important research project for the two fields of the theory of meaning and epistemology, through which they are combined. By examining the two basic requirements for a theory on the interpretation of language drafted by Donald Davidson, this paper analyzes several kinds of knowledge which are necessary for interpretation. The goal is to explore the knowledge of radical interpretation and the distinctions and connections between this knowledge and (...) radical translation and Convention-T, thus revealing its characteristics and possibility to interpretation. (shrink)
In the artificial intelligence literature a promising approach to counterfactual reasoning is to interpret counterfactual conditionals based on causal models. Different logics of such causal counterfactuals have been developed with respect to different classes of causal models. In this paper I characterize the class of causal models that are Lewisian in the sense that they validate the principles in Lewis’s well-known logic of counterfactuals. I then develop a system sound and complete with respect to this class. The resulting logic is (...) the weakest logic of causal counterfactuals that respects Lewis’s principles, sits in between the logic developed by Galles and Pearl and the logic developed by Halpern, and stands to Galles and Pearl’s logic in the same fashion as Lewis’s stands to Stalnaker’s. (shrink)
Thomas Hardy is notorious for persecuting his characters mercilessly with coincidences and untimely chance and luck. I suggest that this idiosyncrasy is his exploration of the problem of "moral luck" to confront the reader with such fundamental ethical questions as how to make moral judgments and attribute moral responsibility.Making moral judgments is an essential part in our life, and our moral thoughts and beliefs invariably find expression mainly in the form of judgments. When we make moral judgments we are applying (...) moral concepts to ourselves and others to make sense of our lives, to provide a common ground for interpersonal moral communication and to enable our moral growth. Making such judgments is also an .. (shrink)
E. Husserl’s reflections in Logical Investigations on “intentional feelings” and “non-intentional feelings” are significant in both his later ethical explorations and M. Scheler’s thought on ethics. Through the incorporation of the views of Husserl and Scheler, we find that the phenomenology of the intentional feeling-acts is not only the foundation of the non-formal ethics of values in Scheler’s phenomenology, but also at least the constitutive foundation of the ethics of Husserl’s first orientation.
The end of history by Fukuyama is mainly based on Hegel’s treatise of the end of history and Kojeve’s corresponding interpretation. But Hegel’s end of history is a purely philosophical question, i.e., an ontological premise that must be fulfilled to complete absolute knowledge. When Kojeve further demonstrates its universal and homogeneous state, Fukuyama extends it into a political view: The victory of the Western system of freedom and democracy marks the end of the development of human history and Marxist theory (...) and practice. This is a misunderstanding of Hegel. Marx analyzes, scientifically, the historical limitation of Western capitalism and maintains, by way of a kind of revolutionary teleology, the expectation of and belief in human liberation, which is the highest historical goal. His philosophy of history is hence characterized by theoretical elements from both historical scientificalness and historical teleology. (shrink)
The transcendental problem that obsessed the great Western philosophers such as Kant and Husserl should be, according to Wittgenstein, conceived as a matter of understanding a process of reasoning in which a conclusion follows necessarily from stated rules. Once these rules, regarded as a priori categories by Kant and as eidos and eidetic relations by Husserl, are demonstrated to be no more than the language usages or rules of language-games related to our forms of life, Kant’s transcendental idealism and Husserl’s (...) transcendental phenomenology no longer have a leg to stand on. (shrink)
This paper uses Beijing Youth Daily , the second biggest local newspaper in Beijing, as a case study to examine Chinese news people's perceptions of their professional roles and unethical practices. The author argues that Chinese journalistic professionalism has developed. Journalists see their most fundamental role as that of disseminator. Their concepts of professional roles and virtues are surprisingly similar to those held by journalists in liberal democratic countries. However, Chinese journalists' partial representation of the party/state and their tolerance towards (...) unethical practices such as paid journalism or “red envelopes” suggest they are more likely to be under pressures from both politics and commerce. (shrink)
This volume fills that gap and offers teachers in criminal justice ethics and law enforcement practitioners a rich selection of materials that have emerged in ...
The reason for the emergence of consciousness of filial piety is that parental care could activate reciprocal filial piety. Parental care and filial piety are two supplementary phenomena caused by the same time consciousness. Phenomenology neglects consciousness of filial piety because it lacks the thinking that sees the fundamental “meaning of time” in the intersection of “past” and “future”. The consciousness of filial piety can only be really constituted by a human being’s personal experience. “Frustrations in personal life” and “breeding (...) of children for oneself” are two occasions for an adult to fight against the separating effect of individualized consciousness and regain awareness of filial piety. (shrink)
Much of the recent work on the epistemology of causation has centered on two assumptions, known as the Causal Markov Condition and the Causal Faithfulness Condition. Philosophical discussions of the latter condition have exhibited situations in which it is likely to fail. This paper studies the Causal Faithfulness Condition as a conjunction of weaker conditions. We show that some of the weaker conjuncts can be empirically tested, and hence do not have to be assumed a priori. Our results lead to (...) two methodologically significant observations: (1) some common types of counterexamples to the Faithfulness condition constitute objections only to the empirically testable part of the condition; and (2) some common defenses of the Faithfulness condition do not provide justification or evidence for the testable parts of the condition. It is thus worthwhile to study the possibility of reliable causal inference under weaker Faithfulness conditions. As it turns out, the modification needed to make standard procedures work under a weaker version of the Faithfulness condition also has the practical effect of making them more robust when the standard Faithfulness condition actually holds. This, we argue, is related to the possibility of controlling error probabilities with finite sample size (“uniform consistency”) in causal inference. (shrink)
This article examines whether the charitable giving amount and likelihood of firm response to catastrophic events relate to firms' ownership type using a unique dataset of listed firms in China, where state ownership is still prevalent. Based on the data of Chinese firms' response to the 2008 Sichuan earthquake, we find that the extent of corporate contributions for state-owned firms following this disaster is less than that for private firms. State-owned firms are also less likely to respond in this disaster (...) compared to private firms. The results also reveal that firm size, profitability, geography, cash resource available, and leverage affect firms' philanthropic disaster response behavior in China. (shrink)
Early in Aristotle’s terminology, and ever since, “essence” has been conceived as having two meanings, namely “universality” and “individuality”. According to the tradition of thought that has dominated throughout the history of Western philosophy, “essence” unequivocally refers to “universality”. As a matter of fact, however, “universality” cannot cover Aristotle’s definition and formulation of “essence”: Essence is what makes a thing “happen to be this thing.” “Individuality” should be the deep meaning of “essence”. By means of an analysis of some relevant (...) Western thoughts and a review of cultural realities, it can be concluded that the difference between the attitudes toward things of the natural sciences and the humane sciences mainly lies in the fact that the former focus on the pursuit of universal regularity, whereas the latter go after the value and significance of human life. The movement from natural things to cultural things is a process in which essence shifts from universality to individuality. It is the author’s contention that what should be stressed in the fields of human culture and society is the construction of an ideal society that is “harmonious yet not identical”, on the basis of respecting and developing individual peculiarity and otherness. (shrink)
A main message from the causal modelling literature in the last several decades is that under some plausible assumptions, there can be statistically consistent procedures for inferring (features of) the causal structure of a set of random variables from observational data. But whether we can control the error probabilities with a finite sample size depends on the kind of consistency the procedures can achieve. It has been shown that in general, under the standard causal Markov and Faithfulness assumptions, the procedures (...) can only be pointwise but not uniformly consistent without substantial background knowledge. This implies the impossibility of choosing a finite sample size to control the worst case error probabilities. In this paper, I consider the simpler task of inferring causal directions when the skeleton of the causal structure is known, and establish a similarly negative result concerning the possibility of controlling error probabilities. Although the result is negative in form, it has an interesting positive implication for causal discovery methods. (shrink)
Author tried in this paper to deduce the principles of subjective world from some new concepts on objective world. I believe, through a full understanding of the objective world, we may easily approach to a general understanding of our subjective world – the human mind itself. One of the major obstacles to achieving this goal is that we still do not have a theoretical system that can describe both the worlds with the same concepts. In this paper I will put (...) forward some of such concepts first and then try to deduce mind’s general organization and activities on the basis of those concepts. (shrink)
This book is part of a broad study about Confucianism and its implications for modernisation of the Confucian regions (covering Mainland China, Taiwan, Hong ...
We believe that the distinction between procedural and declarative knowledge unnecessarily confounds two issues: action-centeredness and accessibility, and can be made clearer through separating the two aspects. The work presents an integrated model of skill learning that takes into account both implicit and explicit processes and both action-centered and non-action-centered knowledge. We examine and simulate human data in the Letter Counting task. The work shows how the data may be captured using either the action-centered knowledge alone or the combined action-centered (...) and non-action-centered knowledge. The results provide a new perspective on skill learning. (shrink)
Following postmodernism, post-colonialism reflects modernity from a new perspective—the cultural perspective. Post-colonialism interprets colonialism contained in modernity, deconstructs orientalism and cultural hegemonism, and turns western reflection of modernity into an inquiry about the global relationship between the East and the West. Post-colonialism brings forward a new theoretical domain, that is, the colonizational relationship between the East and the West in the process of modernization. This interpretation expresses a strong tendency of anti-western centrality and shares some ideas with marxism. This article (...) discusses the essence, characteristics, and limitation of post-colonialism from the viewpoint of Marxism, expecting to further the study of post-colonialism and its relationship with Marxism. (shrink)
Scholars of Marx often spend much effort to emphasize the socio-historical characteristics of Marx’s concept of nature. At the same time, from this concept of nature, one seems to be able to deduce a strong sense of historical anthropocentricism and relativism. But through an exploration of the results of Rorty’s discarding the distinction between “natural” and “man-made” and Strauss’ clearing up value relativism in terms of the concept of nature, people will find that historicism is a world outlook that brought (...) its historical circumstances on itself. It neglects the fundamental role of nature in the structure of the relationships between nature and history. A modern result of it is that it fails to offer any universal norms. (shrink)
We argue that current discussions of criteria for actual causation are ill-posed in several respects. (1) The methodology of current discussions is by induction from intuitions about an infinitesimal fraction of the possible examples and counterexamples; (2) cases with larger numbers of causes generate novel puzzles; (3) “neuron” and causal Bayes net diagrams are, as deployed in discussions of actual causation, almost always ambiguous; (4) actual causation is (intuitively) relative to an initial system state since state changes are relevant, but (...) most current accounts ignore state changes through time; (5) more generally, there is no reason to think that philosophical judgements about these sorts of cases are normative; but (6) there is a dearth of relevant psychological research that bears on whether various philosophical accounts are descriptive. Our skepticism is not directed towards the possibility of a correct account of actual causation; rather, we argue that standard methods will not lead to such an account. A different approach is required. Once upon a time a hungry wanderer came into a village. He filled an iron cauldron with water, built a fire under it, and dropped a stone into the water. “I do like a tasty stone soup” he announced. Soon a villager added a cabbage to the pot, another added some salt and others added potatoes, onions, carrots, mushrooms, and so on, until there was a meal for all. (shrink)
The author examines He Lin’s interpretation of Zhu Xi’s method of intuition from a phenomenological-hermeneutical perspective and by exposing Zhu’s philosophical presuppositions. In contrast with Lu Xiangshan’s intuitive method, Zhu Xi’s method of reading classics advocates “emptying your heart and flowing with the text” and, in this spirit, explains the celebrated “exhaustive investigation on the principles of things (ge wu qiong li).” “Text,” according to Zhu, is (...) therefore not an object in ordinary sense but a “contextual region” or “sensible pattern” that, when merged with the reader, generates meanings. Furthermore, by discussing the related doctrines of Lao Zi, Zhuang Zi, Hua-Yan Buddhism, Zhou Dunyi, and Zhu Xi’s own “One principle with many manifestations (li yi fen shu),” the author identifies the philosophical preconditions of Zhu’s method. Based on this analysis, the author goes on to illustrate Zhu’s understanding of “observing potential yet unapparent pleasure, anger, sorrow and happiness” and “maintaining a serious attitude (zhu jing).”. (shrink)
Under the influence of Western learning, there was a revival in the study of “traditional Chinese learning.” It moved from the “center” to the “edge” after its ideological sanctity was eliminated in modern times. Traditional Chinese learning is still a vital force, however. Traditional Chinese culture emphasizes the productive and social “relationships” and the harmonious “whole,” as well as the Chinese efforts to control their own fate. Traditional Chinese learning revolves around the idea of “human beings,” a vivid manifestation of (...) which is the idea of “benevolence” in Confucianism. If China’s modernization is no more than the transformation and transcendence of the nation under the influence of external forces, traditional Chinese learning would be able—through its inheritance and development of benevolence—to become an important philosophical source for Chinese people. But this can only occur through sufficient awareness of culture and learning. (shrink)
This paper describes how meta-cognitive processes (i.e., the self monitoring and regulating of cognitive processes) may be captured within a cognitive architecture Clarion. Some currently popular cognitive architectures lack sufficiently complex built-in meta-cognitive mechanisms. However, a sufficiently complex meta-cognitive mechanism is important, in that it is an essential part of cognition and without it, human cognition may not function properly. We contend that such a meta-cognitive mechanism should be an integral part of a cognitive architecture. Thus such a mechanism has (...) been developed within the Clarion cognitive architecture. The paper demonstrates how human data of two meta-cognitive experiments are simulated using Clarion. The simulations show that the meta-cognitive processes represented by the experimental data (and beyond) can be adequately captured within the Clarion framework. (shrink)
Guanxi in China is a very ancient concept embedded in the Confucian concept of life and one that is a ‚hot' topic in that it is currently attracting increasing attention from both Western and Chinese scholars. One aspect of Guanxi which has been the subject of most of the research of late is the influence of Guanxi on firm performance. However, relatively few studies have examined how Guanxi at the individual level is transferred into a firm to influence its financial (...) performance. This study first reclassifies Guanxi into obligatory, reciprocal, and utilitarian types at the individual level as a means to clarifying the confusion brought above from previous studies. It then provides a conceptual framework in which to systematically characterize the link between Guanxi at the individual level and organizational dynamics: that is, how is Guanxi at the individual level shifted to a firm and how does it affect organizational dynamics of that firm at the organizational level. Finally, it provides a deeper understanding of the financial implications of Guanxi to business firms in China. (shrink)
The world is a unification of matter, energy and information. Subjectivity information is such information that subject receives, deals with and expresses. Subjectivity information can be classified to two categories by form: image and symbol. On the basis of ontology of ‘matter, energy and information——triunity’, this paper presents the definitions of symbol and image, points out the origin of them and brings forward the mechanism that men cognize symbols. Also, the paper classifies symbols in two ways: In one way, according (...) to essence, origin and function, symbols can be classified to three categories: image symbols, appellation symbols and digit symbols. In the other way, symbols can be classified to two categories: static symbols and dynamic symbols, according to the carriers. Moreover, the author discussed the respective advantages and characteristics of image and symbol, especially presented four important characteristics of symbols: 1) be derived from definitions; 2) rely on manifold brain activities; 3) discretization; 4) meaning congruence. In the end, the author pointed out the epoch-making significance of symbols in the process that animals evolved into men. (shrink)
Ancient Chinese philosophers were inclined to preserve the doctrine of a unified body and mind rather than to engage in a discussion on the separation of the two. In addition, most traditional Chinese philosophers stressing in particular the function of mind. Based on the tradition of believing in the concept of qi, they traced the cause of their spiritual activities to the natural effect of the qi. The modalities display a phenomenological characteristic that looks at mental activities lightly, and examines (...) language and action as a natural revelation of material force, qi. (shrink)
This study examines the personal values and value types of Chinese accounting practitioners and students, using the values survey questionnaire developed and validated by Schwartz (1992, Advances in Experimental Social Psychology 25, 1–65). A total of 454 accounting practitioners and 126 graduate accounting students participated in the study. The results show that Healthy, Family Security, Self-Respect, and Honoring of Parents and Elders are the top four values for both accounting practitioners and accounting students, although these values are not ranked in (...) the same order. Social Power, An Exciting Life, Devout, and Accepting My Portion in Life are the lowest rated four values for the accounting practitioners whereas Devout, An Exciting Life, Detachment, and Accepting My Portion in Life form the bottom four values for the accounting students. Both accounting practitioners and students ranked Security as the highest value type and Tradition as the lowest one, and the students rated Self-Direction as significantly more important than the practitioners. With respect to gender differences, both the male accounting practitioners and students rated the value type Achievement significantly higher than their female counterparts and there were several significant gender differences in personal values for both accounting practitioners and students. In addition, the perceived values are linked to social and cultural factors as well as to the influence of Western values. (shrink)
This article will probe into Kant’s viewpoints about parent-child relationship so as to demonstrate that they are inspiring on the one hand—for example on dealing with the relationship as that pertinent to the thing in itself, but on the other hand, there are many flaws. His strategy on avoiding the difficulty of creating by man a being endowed with freedom depends merely on an one-sided comprehension of time, because according to Kant himself, there is a difference as to the time (...) between sensual forms of intuition and expressive form of transcendental imagination. In the Critique of Pure Reason, Kant gives a profound enunciation with respect to the two and the latter is related to free causality and categorical imperative in his moral philosophy. Once it refers to the rights of a being endowed with freedom and the time it requires to maintain them, it is problematic to assert that the creation of such beings is not concerned with, in any sense whatsoever, time and the sensual, mortal body. What is more, Kant failed to take into full consideration that parents are also beings endowed with freedom whose rights to the child are not totally dependent on the latter’s inherent rights but on their own inherent basis. Granting parents too few natural rights, Kant on the other hand allocates them too much obligations in that the parent-child relation is unbalanced in his field of view. Thirdly, he gives no consideration as to whether or not the empirical process of rearing children itself can also create some rights, which nevertheless, should be taken into account when temporal elements can be found from the very original parent-child relationship. (shrink)
Chinese philosophy was transmitted to Europe in the 18th century through Deism, organic philosophy, pure reason, absolute idea, etc., and was absorbed by modern European philosophers. Chinese philosophy has also, via German classical philosophy, directly as well as indirectly influenced Marx and been absorbed into his philosophy. There is a cultural-psychological reason for the Chinese acceptance of Marxism. However, due to the influence of Occidentalism, this period of history has long been neglected.
Prior research suggests that corporate credibility is associated with firm financial performance in developed countries. This article examines whether corporate credibility is related to firm performance using Economic Observer's rating of corporate credibility in China, the largest emerging market in the world. Based on a four-stage valuation model, we find that more reputable and credible firms outperform those with low ratings by almost 20% in 3-year stock returns and have better 3-year net profit margins, return on equity, and sales growth. (...) This study is the first to directly examine the relationship between corporate credibility and firm performance in emerging markets such as China, and our results confirm that firms with high credibility exhibit better financial and market performance at least in the following 3 years. (shrink)
This article examines whether the likelihood and amount of firm charitable giving in response to catastrophic events are related to firm advertising intensity, and whether industry competition level moderates this relationship. Using data on Chinese firms’ philanthropic response to the 2008 Sichuan earthquake, we find that firm advertising intensity is positively associated with both the probability and the amount of corporate giving. The results also indicate that this positive advertising intensity-philanthropic giving relationship is stronger in competitive industries, and firms in (...) competitive industries are more likely to donate. This study thus provides evidence suggesting that even in the wake of catastrophic events, corporate philanthropic giving is strategic. (shrink)
Most causal discovery algorithms in the literature exploit an assumption usually referred to as the Causal Faithfulness or Stability Condition. In this paper, we highlight two components of the condition used in constraint-based algorithms, which we call “Adjacency-Faithfulness” and “Orientation- Faithfulness.” We point out that assuming Adjacency-Faithfulness is true, it is possible to test the validity of Orientation- Faithfulness. Motivated by this observation, we explore the consequence of making only the Adjacency-Faithfulness assumption. We show that the familiar PC algorithm has (...) to be modified to be correct under the weaker, Adjacency-Faithfulness assumption. The modified algorithm, called Conservative PC (CPC), checks whether Orientation- Faithfulness holds in the orientation phase, and if not, avoids drawing certain causal conclusions the PC algorithm would draw. Howtion: ever, if the stronger, standard causal Faith-. (shrink)
Wang Yangming argues that the life state of a virtuous person is “forming one body with Heaven, Earth and the myriad things.” For instance, in watching a child fall into a well, he cannot help feeling alarmed and commiserate; In observing the pitiful cries and frightened appearance of animals, he cannot help feeling “unable to bear” their suffering; In seeing plants destroyed or tiles shattered, he cannot help but feel pity and regret and so forth. At the same time, he (...) also stresses that there is a natural order of values with the help of which a human being deals with the myriad things, namely the natural principles of order within the realm of liang zhi. From a practical perspective, Yangming integrated these two aspects into a spontaneously psychological self-consciousness and an intuition of judgment and choice. Under its direction and instruction, human beings cannot only generally care for the myriad things, but also make reasonable use of them. Therefore, the significant reference to “the natural principles of order within the realm of liang zhi” involves the harmony between nature and human beings from life state to ecological consciousness. (shrink)
This article argues that the problem of modernity concerns the circumstances of existence and human destiny in modern times. To understand the nature of this problem and find the corresponding solution, we need to reinterpret the thought of Karl Marx regarding the contradictions of human existence and its historical dimensions. Following Marx’s line of thinking, this article reviews his critical sequence, creative transformation, and development of duality of thought on man and the world in Western history, focusing on the following (...) four issues: (1) how Marx, on the basis of man’s sensuous objective activities, observes the duality of man and the world as well as the relationship between man’s internal and external activities; (2) how Marx discloses the true connotation and real significance of man’s historical existence, history, and historicity; (3) how Marx reveals the inherent contradictions of modern capitalist society and the destiny of modern man based on historic thought concerning man’s existence; and (4) by praising Marx’s views on material production and the eternal significance of ancient Greek culture, the article reveals another dimension of Marx’s thought, a dimension that tends to be ignored. This article holds that in this era of globalization, it is extremely important and urgent to have an in-depth understanding of Marx’s historical thoughts regarding human existence and of the feasibility of his theory. Moreover, it is imperative to further develop this understanding to create a clearer picture of our own path of development and our outlook on humanity. (shrink)
“Beauty” is a very important concept in Pre-Qin Confucian aesthetics. Pre-Qin Confucian aesthetics generally had two viewpoints when defining beauty: Negatively, by stressing that “beauty” in the aesthetic sense was not “good”; and positively, by stressing two factors: one, that beauty was related to “feeling” which was not an animal instinct, the other was that “beauty” was a special texture with a particular meaning. “Beauty” in Pre-Qin Confucian aesthetics may be defined as “texture (or form)” capable of communicating feeling or (...) triggering a reaction of feeling. (shrink)
Recent research has linked the reduction of abnormal accruals to corporate governance metrics. The results of these studies, however, are based on samples taken from periods prior to promulgated board independence requirements. In other words, during this time period, management not only had discretion over accounting accruals, but also significant influence over the choice of membership on the board of directors. This study suggests that ethical management practices may be a correlated omitted variable in these studies, thus resulting in causal (...) inference problems in the previous research. We argue that, rather than the board of directors monitoring and reducing abnormal accruals as has been posited, management who was not engaging in abusive earnings management was attempting to signal the market regarding the quality of the firm’s financial information through its choice of board membership. (shrink)
A fundamental question in causal inference is whether it is possible to reliably infer the manipulation effects from observational data. There are a variety of senses of asymptotic reliability in the statistical literature, among which the most commonly discussed frequentist notions are pointwise consistency and uniform consistency (see, e.g. Bickel, Doksum [2001]). Uniform consistency is in general preferred to pointwise consistency because the former allows us to control the worst case error bounds with a finite sample size. In the sense (...) of pointwise consistency, several reliable causal inference algorithms have been established under the Markov and Faithfulness assumptions [Pearl 2000, Spirtes et al. 2001]. In the sense of uniform consistency, however, reliable causal inference is impossible under the two assumptions when time order is unknown and/or latent confounders are present [Robins et al. 2000]. In this paper we present two natural generalizations of the Faithfulness assumption in the context of structural equation models, under which we show that the typical algorithms in the literature are uniformly consistent with or without modifications even when the time order is unknown. We also discuss the situation where latent confounders may be present and the sense in which the Faithfulness assumption is a limiting case of the stronger assumptions. (shrink)
This paper presents a report on the first Swiss Master Class in Corporate Social Responsibility, which was held between the 8th and 9th December 2006 at HEC Lausanne in Switzerland. The first section of the report introduces the topic of the master class – ‚Corporations as Political Actors – Facing the Postnational Challenge’ – as well as the concept of the master class. The second section gives an overview of papers written by nine young scholars that were selected to present (...) their research. The brief summary of each paper also includes a summary of comments from the masters, practitioners, and NGO representatives at the event. The third section brings in the perspectives of one master and one NGO representative on the discussed issues. The final section offers a brief wrap-up of the discussed topics and outlines ways to structure future conceptual and empirical research. (shrink)
The framework of causal Bayes nets, currently influential in several scientific disciplines, provides a rich formalism to study the connection between causality and probability from an epistemological perspective. This article compares three assumptions in the literature that seem to constrain the connection between causality and probability in the style of Occam's razor. The trio includes two minimality assumptions—one formulated by Spirtes, Glymour, and Scheines (SGS) and the other due to Pearl—and the more well-known faithfulness or stability assumption. In terms of (...) logical strength, it is fairly obvious that the three form a sequence of increasingly stronger assumptions. The focus of this article, however, is to investigate the nature of their relative strength. The comparative analysis reveals an important sense in which Pearl's minimality assumption is as strong as the faithfulness assumption and identifies a useful condition under which it is as safe as SGS's relatively secure minimality assumption. Both findings have notable implications for the theory and practice of causal inference. 1 Introduction2 Background: Inference of Causal Structure in Markovian Causal Models3 Three Assumptions of Simplicity4 A Comparison of P-minimality and Faithfulness5 A Comparison of P-minimality and SGS-minimality6 Methodological Formulations and Prior Knowledge of Causal Order7 Conclusion. (shrink)
Confucius’ religious thought summarized and utilized existing historical and cultural achievements. He strove to bring problems concerning traditional religious ideas such as destiny, the spirits, ritual propriety and faith into the realm of the rational. He sought to unearth the elements of human reason contained within these and to highlight the sublime and sacred in actual human society. He established a system of religious humanism that incorporated views on edification, faith, destiny, the ghosts and spirits and self-cultivation. Using a dialectic (...) based on the mean, he established a spiritual mindset comprising rational faith, a this-worldly transcendence and a sacredness grounded in the human that led ancient Chinese religious thinking in a unique direction. (shrink)
Chinese culture is neither the first problematic thinking (analogy) claimed by the authors of Anticipating China , nor the second one (logical inference). On the one hand, analogies are one of the most remarkable aspects of Chinese thinking, while on the other hand, Yin-Yang, Dao and Fo are all universal codes that could neither be reached by analogy nor by logical inference. In fact, both the first and second problematic thinking share the same world view, taking the world as a (...) composite, and the difference lies merely in whether the components are irreplaceable particulars or substitutable elements. Both build their knowledge on the components and how they combine. In the terms of this paper, both systems are constructed with spatially definable forms, real or nominal. The highest codes in Chinese culture are not built upon the physical properties of an object, and could never be found by analysing the object, physically or logically. Yin-Yang, Dao and Fo are names without form, and thus are thinking modes that cannot be described by a spatial concept. They are non-structural systems and a way of formless thinking. (shrink)
Theory-of-mind (ToM) involves modeling an individual’s mental states to plan one’s action and to anticipate others’ actions through recursive reasoning that may be myopic (with limited recursion) or predictive (with full recursion). ToM recursion was examined using a series of two-player, sequential-move matrix games with a maximum of three steps. Participants were assigned the role of Player I, controlling the initial and the last step, or of Player II, controlling the second step. Appropriate for the assigned role, participants either anticipated (...) or planned Player II’s strategy at the second step, and then determined Player I’s optimal strategy at the first step. Participants more readily used predictive reasoning as Player II (i.e., planning one’s own move) than as Player I (i.e., anticipating an opponent’s move), although they did not differ when translating reasoning outcome about the second step to optimal action in the first step. Perspective-taking influenced likelihood of predictive reasoning, but it did not affect the rate at which participants acquired it during the experimental block. We conclude that the depth of ToM recursion (related to perspective-taking mechanisms) and rational application of belief–desire to action (instrumental rationality) constitute separate cognitive processes in ToM reasoning. (shrink)
We investigate the set (ω) of partitions of the natural numbers ordered by ≤* where A ≤* B if by gluing finitely many blocks of A we can get a partition coarser than B. In particular, we determine the values of a number of cardinals which are naturally associated with the structure ((ω),≥*), in terms of classical cardinal invariants of the continuum.
We report the results of a study that examines the association between gender and individuals’ intentions to report fraudulent financial reporting using non-anonymous and anonymous reporting channels. In our experimental study, we examine whether reporting intentions in response to discovering a fraudulent financial reporting act are associated with the participants’ gender, the perpetrator’s gender, and/or the interaction between the participants’ and perpetrator’s gender. We find that female participants’ reporting intentions for an anonymous channel are higher than for male participants; the (...) fraud perpetrator’s gender and the interaction with participants’ gender were not significantly associated with anonymous channel reporting intentions. Neither of the two factors nor the interaction between the two factors was associated with reporting intentions to a non- anonymous reporting channel. Results from an additional analysis indicate that male and female participants differ in the extent to which they judge the reduction in personal costs of an anonymous reporting channel compared to a non-anonymous reporting channel and that the reduction in personal costs mediates the relationship between participant gender and anonymous reporting intentions. (shrink)
The starting point of the present study is the interpretation of intuitionistic linear logic in Petri nets proposed by U. Engberg and G. Winskel. We show that several categories of order algebras provide equivalent interpretations of this logic, and identify the category of the so called strongly coherent quantales arising in these interpretations. The equivalence of the interpretations is intimately related to the categorical facts that the aforementioned categories are connected with each other via adjunctions, and the compositions of the (...) connecting functors with co-domain the category of strongly coherent quantales are dense. In particular, each quantale canonically induces a Petri net, and this association gives rise to an adjunction between the category of quantales and a category whose objects are all Petri nets. (shrink)
We examine a formal semantics for counterfactual conditionals due to Judea Pearl, which formalizes the interventionist interpretation of counterfactuals central to the interventionist accounts of causation and explanation. We show that a characteristic principle validated by Pearl’s semantics, known as the principle of reversibility, states a kind of irreversibility: counterfactual dependence (in David Lewis’s sense) between two distinct events is irreversible. Moreover, we show that Pearl’s semantics rules out only mutual counterfactual dependence, not cyclic dependence in general. This, we argue, (...) suggests that Pearl’s logic is either too weak or too strong. (shrink)
Recent research has linked the reduction of abnormal accruals to corporate governance metrics. The results of these studies, however, are based on samples taken from periods prior to promulgated board independence requirements. In other words, during this time period, management not only had discretion over accounting accruals, but also significant influence over the choice of membership on the board of directors. This study suggests that ethical management practices may be a correlated omitted variable in these studies, thus resulting in causal (...) inference problems in the previous research. We argue that, rather than the board of directors monitoring and reducing abnormal accruals as has been posited, management who was not engaging in abusive earnings management was attempting to signal the market regarding the quality of the firm’s financial information through its choice of board membership. (shrink)
This paper presents a report on the first Swiss Master Class in Corporate Social Responsibility, which was held between the 8th and 9th December 2006 at HEC Lausanne in Switzerland. The first section of the report introduces the topic of the master class – ‚Corporations as Political Actors – Facing the Postnational Challenge’ – as well as the concept of the master class. The second section gives an overview of papers written by nine young scholars that were selected to present (...) their research. The brief summary of each paper also includes a summary of comments from the masters, practitioners, and NGO representatives at the event. The third section brings in the perspectives of one master and one NGO representative on the discussed issues. The final section offers a brief wrap-up of the discussed topics and outlines ways to structure future conceptual and empirical research. (shrink)
Background: Sharing of tissue samples for research and disease surveillance purposes has become increasingly important. While it is clear that this is an area of intense, international controversy, there is an absence of data about what researchers themselves and those involved in the transfer of samples think about these issues, particularly in developing countries. Methods: A survey was carried out in a number of Asian countries and in Egypt to explore what researchers and others involved in research, storage and transfer (...) of human tissue samples thought about some of the issues related to sharing of such samples. Results: The results demonstrated broad agreement with the positions taken by developing countries in the current debate, favoring quite severe restrictions on the use of samples by developed countries. Conclusions: It is recommended that an international agreement is developed on what conditions should be attached to any sharing of human tissue samples across borders. (shrink)
Drawing on risk mitigation theory, this article examines whether the improvement of firms’ social performance reduces debt financing costs (CDFs) in China, the world’s largest emerging market. Employing both the ordinary least square (OLS) and the two-stage instrumental variable regression methods, we find that improved corporate social responsibility (CSR) reduces the CDF when firms’ CSR investment is lower than an optimal level; however, this relationship is reversed after the CSR investment exceeds the optimal level. Firms with extremely low or extremely (...) high CSR are subject to a higher CDF. The results also suggest that the optimal CSR level for small firms is higher than that for large firms. This study is the first to document a U-shaped relationship between CSR and CDF and also the first to investigate this relationship within an emerging market context. (shrink)
The best representatives of the self-reflection of xinxue 心学 (the School of Mind) and its development during the Ming and Qing Dynasties are the three masters from the late Ming Dynasty. The overall tendency is to shake off the internal constraints of the School of Mind by studying the Confucian classics and history. During the Qing Dynasty, Dai Zhen had attempted to set up a theoretical system based on Confucian classics and history, offering a theoretical foundation for a new academic (...) movement that gradually suspended issues studied by the School of Mind. But the suspension of these issues does not mean they were resolved. For Peng Shaosheng, xinzong 心宗 (the Doctrine of Mind) has emerged from a bottleneck in the development of the Confucian yi li zhi xue 义理之学 (doctrine of meanings and principles): The only way to find the transcendent connection between the doctrine of meanings and principles and the Dao was through the internality of belief. In this case, the Lay Buddhists, represented by Peng Shaosheng, Wang Dashen and Luo Yougao, as lixue biepai 理学别派 (Alternative School of Principles), played the role that the School of Mind had undertaken in the late Ming Dynasty, thus becoming a shelter for the Confucian doctrine of meanings and principles. To a certain extent, the revival of weishixue 唯识学 (the Consciousness-Only School) during modern times was simply a continuance of the “Alternative School of Principles”. It took over the Lay Buddhist theme of the doctrine of meanings and principles of the Qing Dynasty and tried to construct a new pattern of learning for Confucian classics that matched up with the doctrine of meanings and principles, offering a model of integration for the reconstruction of the Confucian tradition. (shrink)
Wright maintains that tradition (including language) plays a fundamental role in the origins and shaping of the monastic world that made a unique Chan mind possible. Through a creative application of the Buddhist idea of dependent origination, Wright has broadened the hermeneutic concept of historicity in that it is more than a linear and causal relationship of contextuality (that is, the person is always a person-in-community, and the text is always a text-in-context). Instead, contextuality refers to a (w)holistic network of (...) associations and re-associations. The word tradition thus becomes an open tradition that is constantly shaped and reshaped, formed and transformed. The meaning of tradition as such is always a trace of that other which is forever absent. In this sense, Wright is quite Derridean. Like Derridaâs deconstruction, Wrightâs interpretative endeavor, as part of the tradition of linguistic turn, seems to become separated from the real world of flux and takes on an independent status, that is, the realm of reading, explaining, and understanding (perhaps mis-understanding, sometimes). Wrightâs project fits the need of those who have a passion for doing things with words, and those who prefer meditative reading to meditative practice (in a Buddhist sense). Though Wright keeps reminding us that the effort to play language in relation to Chan experience does not imply that Chan enlightenment/mind is in any sense reducible to language; it still remains a question whether his critical philosophical meditations are fully out of the spell of conceptuality of the hermeneutical circle. Wright might say that there is no need to be out of the circle, or there is no such circle in the first place. (shrink)
In this paper we show that it is consistent with ZFC that the cardinality of every maximal cofinitary group of Sym(ω) is strictly greater than the cardinal numbers o and a.
