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)

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)

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)

Though we often “fear the worst”, worrying that unexpectedly bad things will happen, there are times when we “hope for the best”, imagining that unexpectedly good things will happen, too. The paper explores how the valence of the current situation influences people's imagining of unexpected future events when participants were instructed to think of “something unexpected”. In Experiment 1, participants (N = 127) were asked to report unexpected events to everyday scenarios under different instructional conditions (e.g., asked for “good” or (...) “bad” unexpected events), and manifested a strong negativity bias in response to non-valenced instructions (i.e., being asked to “think of the unexpected” with no valence given). They mainly reported quite “predictable” unexpected outcomes that were negative; however, a post-test (N = 31) showed that the scenarios used were predominantly positive. In Experiment 2 (N = 257), when participants were instructed to think of “something unexpected and bizarre”, under the same instructional manipulations as Experiment 1, this negativity bias was replicated. In Experiment 3, using a design in which positive/negative materials were matched (verified by a pre-test, N = 60), it was found that when participants (N = 102) were given negative scenarios, they reported more positive events than they do when they are given positive scenarios. Though responding still retained an overwhelming negative bias, this result provided some evidence for a weaker valence-countering strategy; that is, where a negative scenario can lead to positive unexpected events being mentioned, and a positive scenario leads to negative unexpected events being reported. The implications of these results for people's projections of unexpected futures in their everyday lives is discussed. (shrink)

In metaphysics, we seem to have in every generation an oscillation between realist positions and stances that are in one way or another idealist, instrumentalist, or constructivist. Realists in the philosophy of science are those philosophers who will not conclude, from the fact that scientific theories are undoubtedly constructs of human mentality and culture, that therefore the content of these theories is inevitably some function of the human mentality and culture that have produced them. Realists are unimpressed by response-dependence. Realism (...) is metaphysical optimism; it has not abandoned the notion that exercising our capacities does not disqualify us from discovery. (shrink)

SummaryThe Gainj of highland Papua New Guinea do not use contraception but have a total fertility rate of only 4·3 live births per woman, one of the lowest ever recorded in a natural fertility setting. From an analysis of cross-sectional demographic and endocrinological data, the causes of low reproductive output have been identified in women of this population as: late menarche and marriage, a long interval between marriage and first birth, a high probability of widowhood at later reproductive ages, low (...) effective fecundability and prolonged lactational amenorrhoea. These are combined with near-universal marriage, a low prevalence of primary sterility and a pattern of onset of secondary sterility similar to that found in other populations. Of all the factors limiting fertility, by far the most important are those involved in birth spacing, especially lactational amenorrhoea. (shrink)

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.

Stanford Encyclopedia article surveying the life and work of D.C. Williams, notably in defending realism in metaphysics in the mid-twentieth century and in justifying induction by the logic of statistical inference.

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.

SummaryThe effects of infant suckling patterns on the post-partum resumption of ovulation and on birth-spacing are investigated among the Gainj of highland New Guinea. Based on hormonal evidence, the median duration of lactational anovulation is 20·4 months, accounting for about 75% of the median interval between live birth and next successful conception. Throughout lactation, suckling episodes are short and frequent, the interval changing slowly over time, from 24 minutes in newborns to 80 minutes in 3-year olds. Maternal serum prolactin concentrations (...) decline in parallel with the changes in suckling patterns, approaching the level observed in non-nursing women by about 24 months post-partum. A path analysis indicates that the interval between suckling episodes is the principal determinant of maternal prolactin concentration, with time since parturition affecting prolactin secretion only in so far as it affects suckling frequency. The extremely prolonged contraceptive effect of breast-feeding in this population thus appears to be due to a slow decline in suckling frequency with time since parturition and absence of a decline over time in hypothalamic–pituitary responsiveness to the suckling stimulus. (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)

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.

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.

: 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.

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.

Using exploratory factor analysis on a unique dataset of global executives, we find that their perceptions of their national government’s risk management effectiveness are largely driven by two latent factors: leadership virtue, and governance. We show that the leadership virtue signal is potentially a stronger signal. We hypothesize that this may be because making decisions and taking actions to manage risk is a continuous process requiring inter alia foresight and moral discipline in looking to the interests of others and acting (...) in service to those interests above self-interest. This suggests at least two propositions for further testing, for which, we offer rhetorical argument and anecdotal evidence at the end of this paper and suggest methodologies for further testing. To our knowledge, this is the first paper to uncover this connection empirically between national risk management and leadership virtue. (shrink)

Since Schleiermacher and Hegel it has been part of the tradition of German philosophy to view the history of philosophy as an essential aspect of philosophy itself. The topic of “Heidegger and the History of Philosophy” should be considered with this in mind, which means that our question is as follows: Within this general attitude towards the history of philosophy, which has dominated German philosophy since Hegel, what distinctive attitudes are to be found in Heidegger? The context assumed by the (...) question is clear: it is that created by the rise of historical consciousness. It was part of the heritage of German Romanticism that not only historical research as a whole but also the position of philosophical theories would henceforth be affected by the problem of the nature of history. Before the Romantic period there was no such thing as the history of philosophy in the sense we are concerned with here. There was only the sort of scholarship which compiles lists. Hegel’s concept of a history of philosophy was itself in the fullest sense “philosophy;” it was a special subdivision of the philosophy of history, which was itself an attempt to demonstrate the presence of reason in history. Indeed, Hegel termed the history of philosophy the very heart of world history. However, the substantive portion of the Hegelian history of philosophy—its attempt to exhibit the necessity underlying the sequence of forms of philosophical thought, and thus the “rational” character of the history of thought—did not survive the criticism of the “historical school.”. (shrink)

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)

A letter to The Times of London, May 9, 1992 protesting the Cambridge University proposal to award an honorary degree to M. Jacques Derrida.

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.

The essays in this volume consider how feminism has affected a range of academic disciplines - psychology, art, art history, history, social work and literary criticism. Particular attention is given to certain relationships: feminism and socialism; feminism and deconstruction; men and feminism; academic discourse and wider cultural values and theory and practice. The contributions on literary criticism deal with specific questions within that field, while those on other disciplines adopt a broad approach.