Resumen. El siguiente artículo muestra el estado actual de la Responsabilidad Empresarial enMéxico y su efecto en el Riesgo medido a través del Costo de Capital. Para ello, revisamos lasprincipales teorías que muestran que el uso de prácticas sociales en Estados Unidos provocandisminución del riesgo y por ende del Costo de Capital, Aras y Crowther, Richardson yWelker y Diamond y Verrechia. Con el fin de contrastar que las empresas SocialmenteResponsables tienen costos de capital menores consideramos como variable de desempeño social (...) eldistintivo que otorga el Centro Mexicano de Filantropía y por otra parte para calcular elriesgo consideramos el costo de capital a través de la metodología del Capital Asset Price Modelo. Encontramos que las empresas que son socialmente responsables tienen costos de capitalsuperiores que las que no son responsables y que el rendimiento de acciones es superior en lasempresas no responsables, por lo que el diferencial de riesgo vs rendimiento es superior en lasempresas no socialmente responsables. Lo anterior rechaza la hipótesis y contrasta con la realidadempírica de otros estudios.Palabras claves. Distintivo de ESR, CEMEFI, costo de capital, riesgo, rentabilidad de acciones,Bolsa de Valores. The following article shows the current status of the corporate responsibility inMexico and their effect on risk measured by the cost of capital. To do this, we review the maintheories that show that social practices in the United States leads to decrease risk and hence the costof Capital Aras and Crowther, Richardson and Welker and Diamond y Verrechia. In order to contrast that socially responsible companies have lower capital costs we considersocial performance variable the distinction conferred by the Mexican Center for Philanthropy and the cost of capital it estimate on the methodology of the Capital Asset Price model. We find that companies that are socially responsible have capital costs higher than thosethat are not responsible. It rejects the hypothesis and contrasts with the empirical reality of otherstudies.Keywords. CSR distintive, CEMEFI, cost of capital, risk, return in shares, Capital Market Securities. (shrink)

Zones of social abandonment are emerging everywhere in Brazil’s big cities—places like Vita, where the unwanted, the mentally ill, the sick, and the homeless are left to die. This haunting, unforgettable story centers on a young woman named Catarina, increasingly paralyzed and said to be mad, living out her time at Vita. Anthropologist João Biehl leads a detective-like journey to know Catarina; to unravel the cryptic, poetic words that are part of the “dictionary” she is compiling; and to trace (...) the complex network of family, medicine, state, and economy in which her abandonment and pathology took form. An instant classic, _Vita_ has been widely acclaimed for its bold fieldwork, theoretical innovation, and literary force. Reflecting on how Catarina’s life story continues, this updated edition offers the reader a powerful new afterword and gripping new photographs following Biehl and Eskerod’s return to Vita. Anthropology at its finest, _Vita_ is essential reading for anyone who is grappling with how to understand the conditions of life, thought, and ethics in the contemporary world. (shrink)

Recent years have witnessed an increasing growth in mutual funds that invest according to social criteria. As a consequence, the financial performance of these portfolios has attracted the interest of academics and practitioners. This paper investigates the performance of a sample of socially responsible mutual funds from seven European countries investing globally and/or in the European market. Using unconditional and conditional models, we assess the performance of these funds in comparison to conventional and socially responsible benchmark portfolios. The results show (...) that European socially responsible funds present in general neutral performance in relation to both conventional and socially responsible benchmarks. However, performance estimates seem to be slightly higher when funds are evaluated in relation to socially responsible indices. Our results also show that socially responsible funds are more exposed to conventional than to socially responsible indices. Furthermore, conventional benchmarks are better able to explain fund returns than socially responsible benchmarks. These findings are robust to both unconditional and conditional models of performance. We also observe that conditional models lead to a slight improvement of performance estimates and to the explanatory power of the models, both when conventional and socially responsible benchmarks are considered. This is consistent with most previous empirical findings on conditional performance evaluation. Our results show that investors who wish to hold European funds can add social screens to their investment choices without compromising financial performance. (shrink)

This innovative volume is an extended intellectual conversation about the ways personal lives are being undone and remade today. Examining the ethnography of the modern subject, this preeminent group of scholars probes the continuity and diversity of modes of personhood across a range of Western and non-Western societies. Contributors consider what happens to individual subjectivity when stable or imagined environments such as nations and communities are transformed or displaced by free trade economics, terrorism, and war; how new information and medical (...) technologies reshape the relation one has to oneself; and which forms of subjectivity and life possibilities are produced against a world in pieces. The transdisciplinary conversation includes anthropologists, historians of science, psychologists, a literary critic, a philosopher, physicians, and an economist. The authors touch on how we think and write about contingency, human agency, and ethics today. (shrink)

Zones of social abandonment are emerging everywhere in Brazil’s big cities—places like Vita, where the unwanted, the mentally ill, the sick, and the homeless are left to die. This haunting, unforgettable story centers on a young woman named Catarina, increasingly paralyzed and said to be mad, living out her time at Vita. Anthropologist João Biehl leads a detective-like journey to know Catarina; to unravel the cryptic, poetic words that are part of the “dictionary” she is compiling; and to trace (...) the complex network of family, medicine, state, and economy in which her abandonment and pathology took form. As Biehl painstakingly relates Catarina’s words to a vanished world and elucidates her condition, we learn of subjectivities unmade and remade under economic pressures, pharmaceuticals as moral technologies, a public common sense that lets the unsound and unproductive die, and anthropology’s unique power to work through these juxtaposed fields. _Vita’s_ methodological innovations, bold fieldwork, and rigorous social theory make it an essential reading for anyone who is grappling with how to understand the conditions of life, thought and ethics in the contemporary world. (shrink)

Para exponer el argumento político del Leviatán de Thomas Hobbes, se presenta una interpretación de su doctrina –desarrollada por Alfred Taylor, Howard Warrender y Michael Oakeshott. Según esta interpretación, la ética hobbesiana -desarrollada en la teoría de las leyes de naturaleza-, una vez separada de su psicología egoísta, se manifiesta como una ética deontológica muy estricta, que se puede pensar muy cercana a la de Kant. En la segunda parte, se expone una interpretación de Hobbes con la que se busca (...) señalar los problemas de esta lectura del Leviatán. (shrink)

The epoch of Augustine is marked by several crises that settled in the Roman society. These crises did not escape from the sharp look of Saint Augustine. He showed how the political action of his contemporaries was something excessively ineffective to answer the wishes of a fair society, integrated by several people and races. This society, that had conquered in history, with mistakes and cleverness, power and glory, booth in the field of science and technology, for itself, the ways that (...) make sure to its citizens a prosper life, gradually succumbed. Thus, this article aims to exposes to the reader some aspects experienced by this society and make note that when policy is practiced by men who possess as premises the power and his own advantages, there is no richness or organization that will sustain such state or nation. (shrink)

This paper presents a comprehensive analysis of socially responsible funds in Sweden by assessing fund managers' abilities and performances across different market states. These issues are analyzed at the aggregate and individual fund levels. The paper also presents several new statistical tests that allow more precise inferences about differences in performance and the variability in fund returns arising from different benchmarks. In general, SR and conventional funds perform similarly to the market. At the aggregate level, SR funds investing in Sweden (...) and Europe perform similarly to conventional funds, while those investing globally tend to underperform. This underperformance seems to be linked with poor selectivity abilities of global SR fund managers. For individual funds, the performance of both types of funds is more similar. Most funds perform similarly in crisis periods compared to non-crisis periods. Overall, our results are consistent with a mature market for SR investing and support the view that the similar performance of SR and conventional funds is associated with the mainstreaming of SR investment in Sweden. These findings encourage SR investing both by socially conscious investors, who wish to align their social values with their investment decisions, as well as by conventional investors, who will not be penalized by investing in these funds. We also call attention to the difficulties investors face when trying to identify funds with high social standards, considering that there is scarce information on the extent to which each fund holds stocks that comply with ethical and social criteria. (shrink)

This paper is mainly a provisional survey of the engagement of the Filipinos with the thoughts of Paulo Freire, a Brazilian educator and philosopher. It presents first the main tenets of Freire’s liberating pedagogy. Then, it explores the Filipinos’ engagement with his ideas. Then, it gives some observations on the said engagement. Finally, it suggests a possible way on how philosophical researches in the Philippines can continually appreciate the relevance of Freire’s liberating pedagogy especially in relating it to a form (...) of Filipino philosophy that is involved in a critique of the society. -/- Keywords: Freire, liberating pedagogy, Philippine education, Filipino philosophy. (shrink)

Cause-related marketing has risen to become a popular strategy to increase business value through profit-motivated giving. Despite the growing number of articles published in the last decade, no comprehensive analysis of the most discussed constructs of cause-related marketing is available. This paper uses an advanced Text Mining methodology to conduct a comprehensive analysis of 246 articles published in 40 different journals between 1988 and 2013 on the subject of cause-related marketing. Text Mining also allows quantitative analyses to be performed on (...) the literature. For instance, it is shown that the most prominent long-term topics discussed since 1988 on the subject are “brand-cause fit”, “law and Ethics”, and “corporate and social identification”, while the most actively discussed topic presently is “sectors raising social taboos and moral debates”. The paper has two goals: first, it introduces the technique of CTM to the Marketing area, illustrating how Text Mining may guide, simplify, and enhance review processes while providing objective building blocks to be used in a review; second, it applies CTM to the C-RM field, uncovering and summarizing the most discussed topics. Mining text, however, is not aimed at replacing all subjective decisions that must be taken as part of literature review methodologies. (shrink)

O jornal Tribuna Criciumense foi o único impresso publicado na cidade de Criciúma no período deste escrito. Fundado em 1955, ele passou por três fases. Na primeira, produziu um discurso anticomunista, mas de maneira um pouco tímida. Na segunda fase, com curta duração, o impresso passou a valorizar a ideologia comunista e, ao mesmo tempo, a defesa do presidente João Goulart. A última fase foi marcada por ataques violentos contra o comunismo, em defesa do golpe civil-militar e da ditadura (...) implantada. Analisar essas fases e como os discursos anticomunista e pró-comunismo reverberaram no jornal se configura no objetivo deste escrito. (shrink)

Brazil is among the approximately 100 countries that recognize a constitutional right to health that includes access to medicines. All over Brazil, patients are turning to courts to access prescribed medicines. Although lawsuits secure access for thousands of people, at least temporarily, this judicialization of the right to health generates intensely complex sociomedical realities and significant administrative and fiscal challenges that, officials argue, have the potential to widen inequalities in health-care delivery. In this article, we explore how right-to-health litigation became (...) an alternative pathway for Brazilians to access health care, now understood as access to medicines that are either on government lists for pharmaceutical distribution or are only available through the market. Is the judicial system an effective venue to implement socioeconomic rights? Which practices of citizenship and governance are crystallized in these struggles over drug access and administrative accountability? (shrink)

ABSTRACT The question of non-Western difference has come to feature prominently across the field of comparative rhetoric, where it is often presupposed that an irreducible difference separates Western from non-Western rhetorical and cultural production. It is on the basis of this presupposition that critics have established a politics of comparative inquiry, whereby restituting the pure consciousness of a non-Western subaltern subject is understood to subvert the hegemony of Western thought. But what exactly is the nature of this difference? In this (...) article I examine the recent turn toward Latin America in the field of comparative rhetoric to argue that this presupposition serves as a constitutive topos—that the object of Latin America is invented rhetorically in the very act of comparative inquiry—and that this presupposition yields a political impasse that the field has yet to think through. Drawing on recent work in Latin American studies, I argue for a rearticulated notion of subalternity as a methodological approach for dealing with this impasse. (shrink)

Originally edited by Timothy Stoltzfus Jost, this text examines how different countries around the world approach the same challenges in health care law and ethics: how to finance care for as many people as possible; how to ensure quality care; how to best secure patients' rights; how to regulate abortion, end of life decision making, and assisted reproduction; and how to manage infectious diseases, tobacco use, and human subject research. The new edition considers a broader array of countries, particularly from (...) Asia, Latin America, Africa, and the Middle East. (shrink)

Este artigo interpreta a quarta conferência de uma série de seis pronunciadas por Foucault em Berkeley (Universidade da Califórnia) de outubro a novembro de 1983. A problemática da parrhesia retomada pelo filósofo francês do diálogo Laques, de Platão, suscita uma discussão sobre os sentidos de democracia, sistema político em baixa na Atenas do final do século V a.C. Articulando os discursos cômico e filosófico, evidenciam-se, ao mesmo tempo, a força e as lacunas do texto de Foucault. Se, por um lado, (...) o interesse foucaultiano pela verdade força um retorno ao “falar franco”, por outro, falta, nesta conferência, um olhar de conjunto mais amplo que dê conta da parrhesia como sintoma de uma falta e da decadência do espírito democrático ateniense nos termos propostos no Laques. Deriva dessa falta, por exemplo, a ideia de que, do ponto de vista conceitual, o Laques seria “um fracasso”. PALAVRAS-CHAVE: Democracia; Discurso; Parrhesía; Verdade. (shrink)

The Foundations of Cognitive Science is a set of thirteen new essays on key topics in this lively interdisciplinary field, by a stellar international line-up of authors. Philosophers, psychologists, and neurologists here come together to investigate such fascinating subjects as consciousness; vision; rationality; artificial life; the neural basis of language, cognition, and emotion; and the relations between mind and world, for instance our representation of numbers and space. The contributors are Ned Block, Margaret Boden, Susan Carey, Patricia Churchland, Paul Churchland, (...) Antonio Damasio, Hanna Damasio, Donald Davidson, Daniel Dennett, Ilya Farber, James Higginbotham, Christopher Peacocke, Will Peterman, Zenon Pylyshyn, John Searle. Anyone interested in the exploration of the human mind will enjoy this book. (shrink)

There is evidence of persistent inequalities in household financial protection of health and drugs spending in Latin America. Despite the expansion of coverage, strong inequalities persist in access to health and family spending on drugs in the region. Out-of-pocket spending in medicines is regressive in greater need for affordable medicines.

We analyze axioms and postulates as speech acts. After a brief historical appraisal of the concept of axiom in Euclid, Frege, and Hilbert, we evaluate contemporary axiomatics from a linguistic perspective. Our reading is inspired by Hilbert and is meant to account for the assertive, directive, and declarative components of modern axiomatics. We will do this by describing the constitutive and regulative roles that axioms possess with respect to the linguistic practice of mathematics.

This article is to be a bridge between Kant’s aesthetics and contemporary art – not by being a paper on Kant and contemporary art, but rather by being on Kant and contemporaryphilosophy of art. I claim that Kant’s views on the appreciation of art can accommodate contextualism as well as ethicism. I argue that not only does contextualism fit Kant’s views on the appreciation of art; in §§51–3 of the thirdCritique, Kant’s appreciation of art is in accordance with contextualism. I (...) go on to argue that not only does ethicism fit Kant’s views on the appreciation of art; in §§51–3, Kant’s appreciation of art is in accordance with ethicism. (shrink)

En este artículo examino el soporte textual para la hipótesis de que, dentro del marco de la teoría estética de Kant, la belleza artística no es necesariamente de tipo adherente –y puede ser, por consiguiente, de tipo libre. Tal examen está dividido en dos partes: en la primera parte cito y reflexiono en base a pasajes de la Crítica del juicio que sugieren que la belleza artística no es necesariamente una belleza adherente. En la segunda parte presento tres lecturas emprendidas (...) por intérpretes de Kant que proponen, las primeras, que la belleza artística puede ser de tipo libre, mientras la última, que la belleza artística, si es de arte bello, del arte del genio que se trata, es una belleza libre. (shrink)

Para exponer el argumento político del Leviatán de Thomas Hobbes, se presenta una interpretación de su doctrina –desarrollada por Alfred Taylor, Howard Warrender y Michael Oakeshott. Según esta interpretación, la ética hobbesiana -desarrollada en la teoría de las leyes de naturaleza-, una vezseparada de su psicología egoísta, se manifiesta como una ética deontológica muy estricta, que se puede pensar muy cercana a la de Kant. En la segunda parte, se expone una interpretación de Hobbes con la que se busca señalar (...) los problemas de esta lectura del Leviatán. (shrink)

O artigo tenta reconstruir alguns elementos acerca da passagem da Lógica da essência para a Lógica do conceito, da necessidade para a liberdade, na Ciência da Lógica hegeliana. No contexto da publicação dos duzentos anos dessa obra filosófica, a explicitação dessa passagem é referencial para a compreensão da Ciência da Lógica e de todo o pensamento hegeliano. O artigo procura sustentar que o binômio necessidade/contingência, um dos pares categoriais da Lógica da essência, não é adequado para a articulação da filosofia (...) hegeliana. Como Hegel afirma reiteradas vezes, é preciso superar a dura necessidade para dar lugar à lógica da liberdade. Para a discussão da problemática, a confrontação entre algumas categorias da essência, tais como substancialidade, necessidade, contingência e causalidade, e algumas categorias do conceito, tais como universalidade, particularidade e singularidade é o foco da exposição. Dessa discussão brota a noção hegeliana de liberdade e a sua relação com o sistema. (shrink)

In this paper, we intend to discuss if and in what sense semiosis (meaning process, cf. C. S. Peirce) can be regarded as an "emergent" process in semiotic systems. It is not our problem here to answer when or how semiosis emerged in nature. As a prerequisite for the very formulation of these problems, we are rather interested in discussing the conditions which should be fulfilled for semiosis to be characterized as an emergent process. The first step in this work (...) is to summarize a systematic analysis of the variety of emergence theories and concepts, elaborated by Achim Stephan. Along the summary of this analysis, we pose fundamental questions that have to be answered in order to ascribe a precise meaning to the term "emergence" in the context of an understanding of semiosis. After discussing a model for explaining emergence based on Salthe's hierarchical structuralism, which considers three levels at a time in a semiotic system, we present some tentative answers to those questions. (shrink)

This paper revisits the main thoughts of the Filipino historian and social critic Renato Constantino on the role of education in the formation of a neocolonial and postcolonial consciousness. It suggests that Constantino’s critical stance towards education embodies a type of philosophizing about education that centers on the problematization of the language of instruction, on the rendering of voice to those in the margins of Philippine society, and on taking a critical stance about education itself. It suggests further that this (...) form of philosophizing about education and its instrumentalities is prospective of a Freirean liberating pedagogy that is inherently nonneutral, critical, dialogical, praxical, and transformative. (shrink)

O presente artigo pretende mostrar que o conceito de segunda natureza ocupa um lugar central no pensamento de Blaise Pascal, sendo o fundamento das suas reflexões políticas, dentre as quais emergem aquelas em torno do conceito de justiça. Para tanto, mostra como o conceito de segunda natureza, embora tenha sua origem em categorias teológicas, situa-se já no plano metafísico, de onde se impõe como fundamento da existência histórico-temporal do homem. Deste modo, o conceito de segunda natureza possibilita a Pascal pensar (...) um conceito de justiça que, afastando-se do Direito Natural moderno, se apóia em bases históricas. No pensamento político pascaliano emergem, em primeiro plano, as concupiscências, a partir das quais se constituem a força, a imaginaçáo, os costumes e as leis, e, com elas, a distinçáo entre as grandezas de estabelecimento e as grandezas naturais. Com estas últimas categorias, Pascal transita de uma reflexáo genealógica da política, à qual se liga um conceito negativo de justiça, a uma reflexáo doutrinal, que possibilita um conceito positivo de justiça. (shrink)

Este artigo trata das mudanças ocorridas no universo religioso católico da Diocese de Nova Iguaçu, localizada na Baixada Fluminense, região metropolitana do Estado do Rio de Janeiro, conhecida pela situação de pobreza e pela violência, em especial por ação de grupos de extermínio. O evento que serve de base para investigamos tais mudanças ficou sendo denominado de Chacina da Baixada, que deixou 29 pessoas mortas e uma ferida no bairro da Posse em Nova Iguaçu. A diocese prontamente se mostrou solidária (...) com as famílias das vítimas, cobrando desde o primeiro momento providências das autoridades locais. Entretanto, as visões sobre o envolvimento eclesial se dividem conforme a proximidade dos agentes religiosos, em especial os leigos, da área física dos assassinatos. Assim, os que residem e trabalham pastoralmente mais próximo à localidade apresentam reticências, silêncios e receios não apresentados por leigos entrevistados de outras localidades. Percebemos que, embora haja consenso quanto à necessidade de mobilização da Diocese quanto ao caso, as percepções são abaladas pelo medo que constantemente rege as experiências cotidianas dos moradores daquela região. (shrink)