This study uses the institutional perspective to examine the interaction effects between the subnational institutional context and firm-level parameters on corporate environmental behaviors, based on a unique cross-sectional data set of private firms compiled from three different sources in China. Our results suggest that both enforcement stringency of environmental regulations at the provincial-level and private firms’ foreign ownership negatively affect compensation fees, which are levies charged for firms’ emissions. Enforcement stringency also moderates the firm-level relationship between foreign ownership and compensation (...) fees, but such a cross-level moderating effect holds only for private firms with non-HMT investments. (shrink)

This study examines the relationship between family control and young entrepreneurial firm’s bribing behavior around the globe. Relying on over 2,000 young firms from the World Bank Environment Survey, we find that family control helps to reduce a firm’s bribery behavior, but further investigation shows that this effect only exists in countries with weaker macro-governance environment. In countries with more established and transparent governance mechanism, family control does not seem to make any difference. We interpret our findings as the business (...) family’s preservation of socioemotional wealth. (shrink)

This study adds to the theory of family business management by exploring the effects of family ownership on the corporate misconduct of small firms in the United States. The empirical findings indicate that small family-owned firms are less likely to commit misconduct than small non-family-owned firms. We interpret this finding as family firms aiming to achieve the trans-generational succession of moral capital. Further investigation shows a nonlinear family-ownership–misconduct relationship. A negative relationship between them only appears in mature firms. We further (...) show that for relatively mature firms, only family firms with older owners are less likely to commit corporate misconduct. (shrink)

This paper sheds light on the incongruent findings concerning the relationship between family involvement and firms’ corporate social responsibility. While prior studies have mainly taken the perspective of families’ socioemotional wealth preservation, we approach this relationship from the perspective of behavioral agency theory, highlighting the important role played by CEOs’ family memberships. Specifically, we posit that family firms are more likely to invest in CSR when their CEOs are members of the controlling families. Furthermore, we examine how family firms can (...) employ long-term incentives to encourage non-family CEOs to act in the interests of the controlling families to preserve SEW and thus enhancing family firms’ CSR performance. We tested our hypotheses using hand-collected data of family firms included in the S&P 500 index, in the period of 2003–2010. The empirical findings support our hypotheses that family firms with family members as the CEOs have better CSR performance and family firms tend to provide a high level of long-term incentives to non-family than family CEOs. In addition, long-term incentives strongly motivate CEOs to improve firms’ CSR performance, regardless of their family memberships. (shrink)

This paper investigates the emerging effect of mutual fund involvement on the agency problem between majority and minority shareholders during the pre-IFRS period in China indicated by earnings informativeness from an ethical perspective. We find that the presence of mutual fund hampers earnings informativeness implying that mutual funds in general, at their early stage in China, are not yet capable of serving as an effective monitor. This finding is in sharp contrast to the role of institutional investors in mature markets (...) as documented in the literature. However, mutual funds affiliated with banks have been found to be effective to improve earnings informativeness of Chinese listed companies, and the impact is more pronounced among those affiliated with joint-equity banks compared to their counterparts affiliated with state-owned banks. (shrink)

We examine enforcement action in China’s emerging markets by focusing on the agents that impose this action and the role played by supervisory boards. Using newly available databases, we find that supervisory boards play an active role when Chinese listed companies face enforcement action. Listed firms with larger supervisory boards are more likely to have more severe sanctions imposed upon them by the China Security Regulatory Commission, and listed companies that face more severe enforcement actions have more supervisory board meetings. (...) Our findings are of interest, as supervisory boards in China are generally perceived to be dysfunctional. This study contributes to the existing literature in three ways. First, we shed light on the effects of supervisory boards whose role in a fraud setting has not yet been examined. Second, the study has important policy implications for governance reform. Finally, our analyses provide the most up-to-date picture of fraud and governance issues in China’s ever-growing markets. (shrink)

We examine the dynamics between enforcement actions and the responses from both the board of directors and supervisory boards amid China's governance reform. Rather than examining determinants of fraudulent activities, we investigate, after enforcement actions are imposed, whether the board of directors and supervisory boards react differently, and whether their different reactions play a role in preventing future occurrences of frauds. We find that both boards react to enforcement actions, but only the responses from the board of directors help us (...) curb future enforcements under certain circumstances. The supervisory board fails to play any role in preventing future enforcements, even though it is one of the two monitoring mechanisms in the listed companies. Policy implications are discussed. (shrink)

Perception, the way we notice things with senses, is among the earliest, most basic and pervasive activities in our lives. Since human reason draws largely upon the sensory and motor capacities of...

Due to the emergence of new technologies, reforms in higher education require changes in traditional education. The flipped classroom approach can be a solution to such educational changes to create a student-centered individual learning environment. This approach, which is a type of blended learning, has effectively integrated traditional education and social networks using both environments inside and outside the classroom. The current review is to provide an overview of flipped classroom studies in language teaching contexts. Particularly, the study put emphasis (...) on revealing and addressing the potential benefits and challenges of flipped classroom approach for teaching using social media. It focused on learning environments that students were exposed to the lecture content before the class in a collaborative and interactive learning environment using well-known social media applications. Twenty-five journal publications of flipped classrooms were analyzed in terms of their flipped learning activities, learner achievement, learner attitude, and challenges encountered. The analysis of the selected studies showed that the flipped classroom approach has a positive effect on learning, reducing cognitive load, involvement, accuracy, motivation, attitude, and satisfaction with the course and self-efficacy in higher education, and one of the most important challenges of the flipped classroom is the lack of familiarity and appropriate adaptation of students. With the inversion method, there was an increase in teachers’ workload. According to the analysis of the selected research findings, it is concluded that higher education can effectively use this method. (shrink)

Using data of China’s listed companies from 2000 to 2016, we employ a staggered difference-in-difference approach to identify the causal effects of CEO turnover on corporate innovation. First, we find that listed companies with CEO turnover experienced an average increase of 9.5% in the quantity of innovation and 8.9% in innovation quality after the change. The dynamic effect test supports the parallel trend condition, and the placebo test rules out the nonrandom selection issue. Second, the heterogeneity tests show that CEO (...) turnover plays a more prominent role in promoting innovation for listed firms with CEO duality, high financial constraints, and in high-tech industries. Third, CEO turnover affects corporate innovation by driving top management team reorganization and promoting R&D input. This paper has important implications for the understanding of the role of CEO turnover in companies’ innovation, as well as for strategy formulation and implementation. (shrink)

Based on the conflict-of-values theory, this study examines the influences of Machiavellianism and ethical values on anxiety in college students when they face moral dilemmas. Questionnaires on the Chinese equivalent of Machiavellianism, moral identity, and anxiety were completed by 115 Chinese college students. The results suggest that Machiavellianism and ethical values influence anxiety, and the interaction between ethical values and Machiavellianism is significant—among individuals with high ethical values, those with high levels of Machiavellianism exhibit markedly higher levels of anxiety than (...) those with low levels of Machiavellianism. However, among individuals with low ethical values, there is no difference in anxiety between those with low or high levels of Machiavellianism. This research, depicting complex relationships among anxiety, Machiavellianism, and ethical values, suggests that leading people to do good deeds not only requires high ethical values but also necessitates the resistance to negative values such as Machiavellianism. (shrink)

Moderate pragmatic invariantism (MPI) is a proposal to explain why our intuitions about the truth-value of knowledge claims vary with stakes and salient error-possibilities. The basic idea is that this variation is due to a variation not in the propositions expressed (as epistemic contextualists would have it) but in the propositions conversationally implicated. I will argue that MPI is mistaken: I will distinguish two kinds of implicature, namely, additive and substitutional implicatures. I will then argue, first, that the proponent of (...) MPI cannot appeal to additive implicatures because they don’t affect truth-value intuitions in the required way. Second, I will argue that the proponent of MPI cannot appeal to substitutional implicatures either because, even though they may have the required effects on truth-value intuitions, they don’t feature in the relevant cases. It follows that MPI is mistaken because whether the proponent of MPI appeals to additive or substitutional implicatures, at least one of the claims that make up her view is false. Along the way, I will suggest principles about implicatures that should be relevant not only to MPI, but to pragmatic accounts of seemingly semantic intuitions in general. (shrink)

This article brings together two sets of data that are rarely discussed in concert; namely, disagreement and testimony data. I will argue that relativism yields a much more elegant account of these data than its major rival, contextualism. The basic idea will be that contextualists can account for disagreement data only by adopting principles that preclude a simple account of testimony data. I will conclude that, other things being equal, we should prefer relativism to contextualism. In making this comparative point, (...) I will also defend self-standing relativist accounts of disagreement and testimony data. (shrink)

This book presents twelve of the author’s selected essays on subjects related to contemporary Chinese thought and examines other significant works on the history of Chinese philosophy. By combing the basic political discourse on Confucianism, it highlights the significance of Confucian Socialism in the present day and explains the author’s reflections on the philosophy and modernization of Chinese thought. This book is a valuable resource for experts and scholars as well as for general readers who have an understanding of contemporary (...) Chinese philosophy, offering deep insights into current Chinese thought and Confucian modernization. (shrink)

This chapter contains section titled: Kantian Subjectivity and Post‐Marxian Anthropological Ontology Relations to the Thought of Heidegger, Wittgenstein, and Foucault The Future of Philosophy Aesthetics “The Fourth Outline of Human Subjectivity” Conclusion.

There are two contending models regarding the processing of negation: the fusion model and the schema-plus-tag model. Most previous studies have centered on negation in languages such as English and Mandarin, where negators are positioned before predicates. Mongolian, quite uniquely, is a language whose negators are post-verbal, making them natural replicas of the schema-plus-tag model. The present study aims to investigate the representation process of Mongolian contradictory negative sentences to shed light on the debate between the models, meanwhile verifying the (...) post-verbal effect of negators. A series of experiments using the sentence–picture verification paradigm supports the fusion model: Mongolian contradictory negative sentences were processed by representing the actual conditions rather than the negated state of affairs at 250 ISI, and despite the fact that a post-verbal effect of negators was measured at 250 ISI when Mongolian and Mandarin negative sentences were compared, Mongolian–Mandarin bilinguals adopted the same representational strategy for contradictory negation in both languages. (shrink)

This paper connects the following four topics: a class of generalized graphs whose relations do not have fixed arities called hypergraphs, a family of non-normal modal logics rejecting the aggregative axiom, an epistemic framework fighting logical omniscience, and the classical group knowledge modality of ‘someone knows’. Through neighborhood frames as their meeting point, we show that, among many completeness results obtained in this paper, the limit of a family of weakly aggregative logics is both exactly the modal logic of hypergraphs (...) and also the epistemic logic of local reasoning with veracity and positive introspection, and upon adding a single combinatorial axiom, it is also the logic of ‘someone knows’ for a fixed finite number of positively introspective agents. At the core of all these completeness results is a new canonical neighborhood model construction for monotone modal logics that is capable of dealing with all these diverse cases. We also provide an axiomatization for the logic of all non-n-colorable hypergraphs based on a filtration argument that also shows the decidability of the logics of hypergraphs we study. (shrink)

This study examines the effects of corporate social responsibility (CSR) performance of Chinese firms on the formation of cross-border alliances with partners in developed countries. We use signaling theory and the co-evolutionary perspective as bases in proposing that the signaling effects of CSR performance on cross-border alliance formation are subject to the influences of subnational, national, and cross-national institutions. By using a longitudinal data set, we find that the signaling effects of CSR performance on cross-border alliance formation emerged only after (...) a national system of CSR-related institutions had been established. Once this framework was set up, the effectiveness of CSR as a signal was subject to subnational (intra-country) and cross-national (inter-countries) institutional differences. We conclude that combining signaling theory with the co-evolutionary perspective contributes to CSR research in emerging markets. (shrink)

This book explores how one can bring about changes in the brain through meditation, both through attention-focus training and through compassion training. Recent findings in the natural sciences have confirmed that it is possible for humans to achieve these structural and functional changes through various life-style practices. It is argued that meditation enables us to influence some aspects of our biological make-up and, for example, could boost our cognitive flexibility as well as our ability to act compassionate. Such changes are (...) likely to facilitate the instilling of a number of epistemic virtues which have great bearing on our quality of life. This book offers the reader an accessible introduction to a set of neuro-enhancement methods, with a special focus on meditation techniques, and explores how such practices could contribute to make us better decision-makers and improve our moral virtues. The book is suitable for anyone looking for a text discussing the effects of neuro-enhancement from a secular ethics perspective. (shrink)

This book shows how pressing issues in bioethics – e.g. the ownership of biological material and human cognitive enhancement – successfully can be discussed with in a virtue ethics framework. This is not intended as a complete or exegetic account of virtue ethics. Rather, the aim here is to discuss how some key ideas in Aristotle’s Nicomachean Ethics, when interpreted pragmatically, can be a productive way to approach some hot issues in bioethics. In spite of being a very promising theoretical (...) perspective virtue ethics has so far been underdeveloped both in bioethics and neuroethics and most discussions have been conducted in consequentialist and/or deontological terms. ​. (shrink)

System justification theory holds that disadvantaged groups rationalize the current social system, even if it is unfavorable to them. Epistemic, relational, and existential needs are factors that explain this phenomenon. However, the literature has not yet examined and explained when disadvantaged groups no longer rationalize current social systems. This study uses a questionnaire survey method to study the moderating effect of collectivism on disadvantaged mindset and system-justifying beliefs. It found that collectivism can influence the predictive effect of disadvantaged mindset on (...) system-justifying beliefs. For people who scored low in collectivism, a disadvantaged mindset can significantly negatively predict system-justifying beliefs; for those who scored high in collectivism, a disadvantaged mindset no longer predicts system-justifying beliefs. Therefore, these results show that collectivist values are important for explaining system justification in disadvantaged groups. When collectivist values decline, the level of rationalization of the social system by disadvantaged groups also decreases. (shrink)

Based on the assumption that the long-term value of a venture capital satisfies the algebraic Brownian motion, we develop a continuous-time exit model of venture capital under different exit modes, namely, initial public offering and mergers and acquisitions. The employee incentive problem is analyzed jointly with the exit decision of the firm in terms of the exit timing and the exit mode. Further, the problem of capital exit is considered from two perspectives, namely, optimal venture capital and social welfare maximization, (...) and the differences between these exit decisions are compared. Our model predicts that the timing of an IPO, the purpose of which is to maximize the utility of the capitalists, lags behind the exit timing, whose purpose is to maximize social welfare. Using a numerical analysis, this paper also proves that increasing the production efficiency, lowering the interest rates, and improving risk management can make the exit decision of venture capitalists converge with that of maximizing social welfare. (shrink)

Introduction. The enimatic case of the Zhongshuo -- Part One. Assessing textual authority -- The transmission history of the Zhongshuo, seventh through eleventh centuries -- Features, problems, and puzzles in the received Zhongshuo -- Part Two. Interpreting cultural authority -- Appropriations of the Master's legacy.

Communication can be risky. Like other kinds of actions, it comes with potential costs. For instance, an utterance can be embarrassing, offensive, or downright illegal. In the face of such risks, speakers tend to act strategically and seek ‘plausible deniability’. In this paper, we propose an account of the notion of deniability at issue. On our account, deniability is an epistemic phenomenon. A speaker has deniability if she can make it epistemically irrational for her audience to reason in certain ways. (...) To avoid predictable confusion, we distinguish deniability from a practical correlate we call ‘untouchability’. Roughly, a speaker has untouchability if she can make it practically irrational for her audience to act in certain ways. These accounts shed light on the nature of strategic speech and suggest countermeasures against strategic speech. (shrink)

Business moral values are defined as the personal moral values held by individuals who are engaged in business interactions. Direct supervisors may play an important role in shaping the business moral values of their subordinates. Using 264 supervisor— subordinate dyadic data from Taiwanese organizations, the study investigated the relationships among supervisor business moral values, subordinate business moral values, subordinate organizational commitment, job performance, and attendance. The results indicated that supervisor business moral values were positively associated with subordinate business moral values, (...) and that the latter mediated the relationship between the former and subordinate outcomes. Implications for business moral values research are discussed. (shrink)

We investigate diagonal actions of Polish groups and the related intersection operator on closed subgroups of the acting group. The Borelness of the diagonal orbit equivalence relation is characterized and is shown to be connected with the Borelness of the intersection operator. We also consider relatively tame Polish groups and give a characterization of them in the class of countable products of countable abelian groups. Finally an example of a logic action is considered and its complexity in the Borel reducbility (...) hierarchy determined. (shrink)

EDITOR’S ABSTRACTThe popular Chinese portrayal of the victory of Confucianism, or in Chinese terms “dismiss the hundred schools of thought and revere only the Confucian arts,” has been challenged by some scholars in the past decades. Ding’s essay illustrates not only how it has been challenged but also how the catch phrase influences the scholarly discussion. As he indicates, recent Chinese studies that attempt to subvert the traditional theory share the same “flow.” They fail to note that the expression (...) “dismiss the hundred schools of thought and revere only the Confucian arts” has had very negative connotations since it was invoked by Yi Baisha 易白沙 to harshly denounce Confucianism for being responsible for the centuries-long Chinese autocracy. (shrink)

EDITOR’S ABSTRACTThis article argues that the early Laozi text underwent three stages: The first had section divisions on the basis of the meaning. The second stage was the formative period of the Laozi text influenced by cosmological numerology; the Silk Manuscript version A is its testimony. The third stage finalized the text through the canonization of the Classic by Emperor Jing; it is represented by the Peking University Han Bamboo Slips, Yan Zun, and Liu Xiang versions and became the received (...) edition. From the Han Bamboo Slips to the Liu Xiang version, the Laozi’s two parts and section numbering became increasingly balanced and symmetric. Ding urges scholars to pay attention to all these developments when studying the Laozi text. (shrink)