The monitoring role performed by the board of directors is an important corporate governance control mechanism, especially in countries where external mechanisms are less well developed. The gender composition of the board can affect the quality of this monitoring role and thus the financial performance of the firm. This is part of the “business case” for female participation on boards, though arguments may also be framed in terms of ethical considerations. While the issue of board gender diversity has attracted growing (...) research interest in recent years, most empirical results are based on U.S. data. This article adds to a growing number of non-U.S. studies by investigating the link between the gender diversity of the board and firm financial performance in Spain, a country which historically has had minimal female participation in the workforce, but which has now introduced legislation to improve equality of opportunities. We investigate the topic using panel data analysis and find that gender diversity – as measured by the percentage of women on the board and by the Blau and Shannon indices – has a positive effect on firm value and that the opposite causal relationship is not significant. Our study suggests that investors in Spain do not penalise firms which increase their female board membership and that greater gender diversity may generate economic gains. (shrink)

: This paper explores models of reflexive feminist science studies through the work of Donna Haraway. The paper argues that Haraway provides an important account of science studies that is both feminist and constructivist. However, her concepts of "situated knowledges" and "diffraction" need further development to be adequate models of feminist science studies. To develop this constructivist and feminist project requires a collective research program that engages with feminist reflexivity as a practice.

D. M. Armstrong is an eminent Australian philosopher whose work over many years has dealt with such subjects as: the nature of possibility, concepts of the particular and the general, causes and laws of nature, and the nature of human consciousness. This collection of essays explores the many facets of Armstrong's work, concentrating on his more recent interests. There are four sections to the book: possibility and identity, universals, laws and causality, and philosophy of mind. The contributors comprise an international (...) group of philosophers from the United States, England and Australia. An interesting feature of the volume is that Armstrong himself has written responses to each of the essays. There is also a complete bibliography of Armstrong's writings. (shrink)

The argument of this article is that the use of general terms, And in particular the general term 'generalizations established inductively', Is possible only on the basis of at least weak inductive reasoning. In consequence, Total scepticism concerning induction, The proposition that "no inductive generalization, Of any kind, Is justifiable", Is one of those propositions which are incoherent because their assertion is possible only on the basis of their own falsehood.

Our concerns fall into three areas: (1) Barsalou fails to make clear what simulators are (vs. what they do); (2) activation of perceptual areas of the brain during thought does not distinguish between the activation's being constitutive of concepts or a mere causal consequence (Barsalou needs the former); and (3) Barsalou's attempt to explain how modal symbols handle abstraction fails.

In this ground breaking new book, Kirsten Campbell takes up the debate, but instead of asking what feminist politics is or should be, she examines how feminism changes the ways we understand ourselves and others. Using Lacanian psychoanalysis as a starting point, Campbell examines contemporary feminism's turn to accounts of feminist "knowing" to create new conceptions of the political, before going on to develop a theory of that feminist knowing as political practice in itself.

This paper explores models of reflexive feminist science studies through the work of Donna Haraway. The paper argues that Haraway provides an important account of science studies that is both feminist and constructivist. However, her concepts of "situated knowledges" and "diffraction" need further development to be adequate models of feminist science studies. To develop this constructivist and feminist project requires a collective research program that engages with feminist reflexivity as a practice.

The paper distinguishes between epistemic and ontic divisions of qualities into primary and secondary. It identifies two functions which ontic division has been called upon to fulfill - setting the limits on what a realist philosophy of science must achieve, And providing a means of judging between rival realist philosophies of science. It argues for an interaction pattern criterion of primacy, And concludes that while this enables the first function to be achieved, No primary/secondary distinction can fulfill the second.

For the Stoic hero, the man or woman of virtue, the conduct of life presents no serious problems. The life of the sage comprises a consistent and effortless flow of actions, all conforming to virtue and all undertaken for the sake of their place in a virtuous life. The Stoic sage has advanced to a point where a life of courage and wisdom, justice and temperance comes easily and naturally, without struggle and without repinings.

Epiphenomenalism is a theory concerning the relation between the mental and physical realms, regarded as radically different in nature. The theory holds that only physical states have causal power, and that mental states are completely dependent on them. The mental realm, for epiphenomenalists, is nothing more than a series of conscious states which signify the occurrence of states of the nervous system, but which play no causal role. For example, my feeling sleepy does not cause my yawning — rather, both (...) the feeling and the yawning are effects of an underlying neural state. (shrink)

This paper considers the impact which developments in neuroscience seem likely to have on our inherited, intuitive psychology ? the system of beliefs called ?folk psychology? by enthusiasts for its elimination. The paper argues that while closer relations between a developing genuinely scientific cognitive psychology and a burgeoning neurological understanding are to be welcomed, physiology will not reduce psychology, and the concepts belonging to intuitive psychology will be transformed and enriched, but not discredited or discarded, when psychology, in its cognitive (...) form, emerges as a science with genuine explanatory power. The analogy between belief and desire, on one hand, and witches and phlogiston, on the other, is rejected. So is the parallel between folk psychology and folk physics. We face the choice, on Churchland's principles, between the rejection of historical, literary, and moral culture, and accepting a dualism in human thought which despairs of a comprehensively naturalistic vision of ourselves. (shrink)

This paper identifies passmore's interpretation of hume as having skeptical principles so powerful that they should issue in a complete irrationalist which he did not embrace. The idea of such an inconsistency within hume's philosophy is then applied to his theory of morals. The way of ideas, Pessimistic rationalism, And the theory of association should issue in moral skepticism. Instead, Hume equivocates between subjectivist and realist views of the relation between morality and our pleasure or pain in contemplation of actions.

This paper identifies moore's use of a carefully selected group of propositions from common sense as a touchstone for philosophical credibility, As belonging to a tradition in metaphysics which is neither ambitiously constructive nor sceptically negative, But rather acts as a "whistle-Blowing" restraint. It traces the later disappearance of any common-Sensical touchstones, Then argues that two aspects of fodor's "modularity of mind" provide a basis for the return of a modest reliance on common-Sense knowledge as a point of reference. The (...) two aspects are the partial isolation of perception from the rest of our belief, And the existence of a naturally salient vocabulary of natural kinds. (shrink)

Book Information The Quest for Reality; Subjectivism and the Metaphysics of Colour. The Quest for Reality; Subjectivism and the Metaphysics of Colour Barry Stroud New York Oxford University Press 2000 xv + 228 Hardback By Barry Stroud . Oxford University Press. New York. Pp. xv + 228. Hardback:.

What are legal fictions? Professor Lon Fuller discussed the matter at some length. One interpretation of his answer is this: they are lies that are not intended to deceive. This solution fails, in the end, to be convincing. But some remarks of Fuller provide the clue to another way of looking at the problem: fictions are means of changing the application of the law by relying on a tension between two classifications of fact.