Prior research suggests that the media plays an important information intermediary role in capital markets. We investigate the role of the media in influencing firms’ engagement in corporate social responsibility activities. Using a large sample of 4396 unique firms from 42 countries over the period 2003–2012, we find strong evidence that firms engage in more CSR activities if located in countries where the media has more freedom. This relation is robust to using various proxies for media freedom, an alternative source (...) of CSR data, and to applying the instrumental variables approach to address endogeneity. In additional analyses, we find that the positive relation between media freedom and CSR engagement is stronger for better governed firms and for larger firms. Since the media have the ability to impact reputational capital, we conclude that media freedom affects firms’ incentives to engage in costly CSR activities. (shrink)

This paper examines whether bank capital ratios and default risk are associated with the gender of the bank’s Chief Executive Officer and Chairperson of the board. Given the documented gender-based differences in conservatism and risk tolerance, we postulate that female CEOs and board Chairs should assess risks more conservatively, and thereby hold higher levels of equity capital and reduce the likelihood of bank failure during periods of market stress. Using a large panel of U.S. commercial banks, we document that banks (...) with female CEOs hold more conservative levels of capital after controlling for the bank’s asset risk and other attributes. Furthermore, while neither CEO nor Chair gender is related to bank failure in general, we find strong evidence that smaller banks with female CEOs and board Chairs were less likely to fail during the financial crisis. Overall, our findings are consistent with the view that gender-based behavioral differences may affect corporate decisions. (shrink)

Libertarian paternalism is a concept derived from cognitive psychology and behavioural science. It is behind policies that frame information in such a way as to encourage individuals to make choices which are in their best interests, while maintaining their freedom of choice. Clinicians may view their clinical consultations as far removed from the realms of cognitive psychology but on closer examination there are a number of striking similarities.

Research in formal theoretical semantics has recently expanded its scope to include gestural communication, focusing in particular on gestures that contribute to the content of an accompanying utterance, e.g., size gestures (LARGE, WIDE), pointing gestures, and gestures that depict objects (TELESCOPE) or actions (SLAP). At the same time, fruitful inquiries at the intersection of primatology and linguistics have given rise to the hypothesis that human and non-human great apes share a common set of directive (=imperative) gestures. Directive gestures such as (...) STOP or COME-CLOSER, pose non-trivial issues for a semantic analysis: we inherit the challenges that pertain to the analysis of imperative utterances (Come closer!), while adding a further challenge that stems from the underspecified mapping between a directive body movement and its potential counterparts in human language. We begin by outlining the problem and surveying the nascent state-of-the-art with regards to a formal semantics of directive gestures. Particular attention is given to the multifunctionality of directive gestures, which typically have different effects in different contexts; for example, a non-human ape gesture may communicate "Stop that" in some contexts and "Move away" in others, with similar patterns found in humans. We show that this multifunctionality can be derived from a single, rich abstract lexical entry, "Not…!", a candidate for a universal building block of meaning, shared by human and non-human great apes. "Not…!", which incorporates negation/rejection, temporal reference and presuppositionality is more explanatory in comparison to a minimal alternative. This chapter lays out the hypothesis space, addressing the foundational question of how to explain attested gestural overlap between human and non-human great apes. We conclude the chapter by reviewing potential expansions of the analysis to the pragmatic gestures of humans, which are thus placed on the primate gestural meaning continuum and connected to the directive gestures we share with our non-human relatives in the great ape family. (shrink)

There are a number of conflicting accounts of thought insertion, the delusion that the thoughts of another are inserted into one’s own mind. These accounts share the common assumption of realism: that the subject of thought insertion has a thought corresponding to the description of her thought insertion episode. I challenge the assumption by arguing for an anti-realist treatment of first-person reports of thought insertion. I then offer an alternative account, simulationism, according to which sufferers merely simulate having a thought (...) inserted into their heads. By rejecting realism, the paper undermines a widespread explanatory framework that unites otherwise competing cognitive models of thought insertion. (shrink)

Flavin‐containing monooxygenases (FMOs), traditionally known for detoxifying xenobiotics, are now recognized for their involvement in endogenous metabolism. We recently discovered that an isoform of FMO, fmo‐2 in Caenorhabditis elegans, alters endogenous metabolism to impact longevity and stress tolerance. Increased expression of fmo‐2 in C. elegans modifies the flux through the key pathway known as One Carbon Metabolism (OCM). This modified flux results in a decrease in the ratio of S‐adenosyl‐methionine (SAM) to S‐adenosyl‐homocysteine (SAH), consequently diminishing methylation capacity. Here we discuss (...) how FMO‐2‐mediated formate production during tryptophan metabolism may serve as a trigger for changing the flux in OCM. We suggest formate bridges tryptophan and OCM, altering metabolic flux away from methylation during fmo‐2 overexpression. Additionally, we highlight how these metabolic results intersect with the mTOR and AMPK pathways, in addition to mitochondrial metabolism. In conclusion, the goal of this essay is to bring attention to the central role of FMO enzymes but lack of understanding of their mechanisms. We justify a call for a deeper understanding of FMO enzyme's role in metabolic rewiring through tryptophan/formate or other yet unidentified substrates. Additionally, we emphasize the identification of novel drugs and microbes to induce FMO activity and extend lifespan. (shrink)

The origins of U.S. corporate taxation are often associated with the 1909 corporate excise tax. Scholars who have investigated the beginnings of this levy have mainly focused on the legislative history of the 1909 corporate tax to argue that it was either an expression of the Progressive Era impulse to regulate large-scale corporations or an attempt to use corporations as remittance devices to collect taxes aimed at wealthy shareholders. This Article broadens the conventional historical accounts of the emergence of American (...) corporate taxation by revisiting the 1909 U.S. corporate tax from a comparative perspective. The aim is to look both below and beyond the American nation-state to determine how and why U.S. state governments and other Western industrialized nations tried to tax corporations at the turn of the twentieth century. This Article investigates a small slice of subnational and transnational comparative examples: corporate tax laws and policies in a few representative nineteenth-century industrializing American states, and in turn-of-the-century England and Germany. Building on the well-known insights of comparative business history, this Article contends that historically-determined political interests, social ideas, and cultural beliefs help explain the American obsession with disciplining large-scale business corporations through the use of nominally punitive tax laws and policies. Comparative-historical analysis shows how differences in the organizational structures of big businesses across place and time have led to variations in political economy that were ultimately expressed in the legal ideas and cultural attitudes toward corporate capitalism. These variations, in turn, shaped the transnational distinctions in corporate tax law and policies. Greater attention to the comparative-historical development of law and political economy may help us understand the stubborn persistence of American corporate taxation, particularly in the face of recent global changes and the relentless economic critiques of the double taxation of corporate income. (shrink)

Our current Anthropocene epoch is marked by a rampant proliferation of challenging environmental issues. Over the years, researchers have come to recognize these issues as quintessential wicked pro...

It is intriguing to think about the range of kind of things one could say with the help of words, but out of these myriad tasks philosophically the most fascinating one is to convince the other about the inefficacy of the words or language in certain domains of experiences in our lives. It is fascinating and intriguing for onesimple reason namely that in such cases language is put to a task of undoing itself and more importantly by itself with the (...) help of nothing apart from itself. (shrink)

Infertility specialists may be confronted with the ethical dilemma of whether to disclose misattributed paternity (MP). Physicians should be prepared for instances when an assumed father’s evaluation reveals a condition known for lifelong infertility, for example, congenital bilateral absence of vas deferens (CBAVD). When there is doubt regarding a patient’s comprehension of his diagnosis, physicians must consider whether further disclosure is warranted. This article describes a case of MP with ethics analysis that concludes that limited nondisclosure is most consistent with (...) a physician’s principled duties to inform, to respect patients’ autonomy, and to employ nonmaleficence (including the avoidance of psychosocial harms). (shrink)

A traditional assumption in the literature on inner speech is that inner speech allows us to have knowledge of our thoughts. I argue that inner speech cannot even be part of an explanation of how we know our propositional states. My argument turns on the existence of unsymbolized thought, and makes the case that whatever explains self-knowledge in the absence of inner speech also explains self-knowledge when inner speech is present. Inner speech is thus ‘screened off’ from explaining the knowledge (...) we have of our propositional states. Nevertheless, inner speech seems to have a reflexive character: in inner speech we seem to represent aspects of ourselves. I argue that inner speech does not allow us to represent our own propositional states, as the tradition holds, but rather our own voices. In representing my own voice in inner speech, I bear a distinctively second-personal relation to myself, addressing myself as a ‘you’. The paper suggests a broader reorientation in theorizing about inner speech: away from questions about how inner speech maps onto mental states and toward questions about its second-personal nature. (shrink)

Teachers are burned out and leaving the profession at an alarming rate. We see this problem connected with the ethical orientation of care ethics that teachers are encouraged to adopt while preparing to enter the profession. When they enter the profession, educators often find themselves confronting a neoliberal hegemony that is at odds with care ethics in both theory and practice. This neoliberalized context is incompatible with the relational conceptual foundations of care ethics, forcing a compromised enactment of care that (...) works against sustainability, equity, and educational transformation. In this article, we elaborate the ontological, epistemological, and axiological tensions that threaten educators’ care-ethics-in-practice within neoliberal hegemony. The ersatz care ethics-in-practice is at best able to deliver only a superficial form of caring to the students while possibly causing moral injury to the educators. Ultimately, we see this issue as illustrative of the co-option of progressive discourses by neoliberalism that leads to the hegemony of progressive neoliberalism in educational contexts. Shunning the incremental/structural changes binary, we suggest radical incremental enactments of a politics of collective care might be the way to bring about a future where authentic caring is found woven into the systemic fabric of schooling. (shrink)

The last decades have seen major advances in the study of gestures both in humans and non-human primates. In this paper, we seriously examine the idea that there may be gestural form types that are shared across great ape species, including humans, which may underlie gestural universals, both in form and meaning. We focus on one case study, the hand fling gesture common to chimpanzees and humans, and provide a semantic analysis of this gesture.

The claim that perfect hallucination is introspectively indistinguishable from perception has been a centrepiece of philosophical theorizing about sense experience. The most common interpretation of the indistinguishability claim is modal: that it is impossible to distinguish perfect hallucination from perception through introspection alone. I run through various models of introspection and show that none of them can accommodate the modal interpretation. Rejecting the modal interpretation opens up two alternative interpretations of the indistinguishability claim. According to the generic interpretation, hallucination is (...) indistinguishable from perception despite the existence of possible exceptions, while according to the actuality interpretation, the indistinguishability of hallucination from perception consists in the actual failure to distinguish hallucination from perception. These alternative understandings of the indistinguishability claim have a number of significant implications for the problem of perception, including the rejection of perfect hallucination and illusion in favour of our ordinary, non-philosophical concepts of these states. (shrink)

The Lord of the Fourteen worlds is manifest here. Questioner: For whom is the title 'Dada Bhagwan' used? Dadashri: For 'Dada Bhagwan.' Not for me. I am a 'Gnani Purush A. M. Patel.' 'Dada Bhagwan' is the Lord of the fourteen worlds. He dwells within you also, but He has not awakened yet, he remains unmanifested. Here within me, He is fully awakened and manifest. He is capable of awakening the Lord within you.

I argue in this paper against the orthodox view that knowledge entails belief. Granting that Radford's Unconfident examinee fails as a counterexample, this paper argues that the orthodox view faces another set of counterexamples that are importantly different from Radford’s: cases wherein knowledge that p and belief that not-p are compossible.

This substantive and important book, Seeing One in Many, by Professor Ramesh N. Patel, serves many needs and purposes. It also stands out in several ways. -/- First, seeing one spiritual being in our manifold universe is a hallmark of all spirituality. Highlighting this spirituality as a main feature of the world’s oldest living religion has obvious healing potential for the world’s polarizing conflicts of sundry nature that we have been witnessing with concern for a while. -/- This religion (...) happens to be one of the largest in the world. As such, it carries relevance for a significant section of humanity. Hinduism, called Sanatana Dharma, or eternal religion by many of its practitioners, has a lot to offer to the world community of spiritual seekers. However, this positive and constructive aspect of Hinduism has been overshadowed by negative image created by unsympathetic forces over the last couple of centuries. This work makes this manifest in an accessible dialog style. -/- The author puts his expertise in Sanskrit to skillful use in bringing out major features of spirituality embedded in the original Sanskrit literature which is the home of Hindu scriptures. As a trained Sanskritist he guides the reader beyond the daunting complexity and diversity of Hindu beliefs and practices toward a gentle but deep understanding of the defining themes of the Hindu spirituality. -/- Further, Ramesh utilizes his five decades of teaching experience in world religions for an effective and fruitful comparison of Hinduism with both other Eastern as well as Western religions of the world. The book is filled with thoughtful insights that bring the rich diversity of spiritual outlooks in world history to show how Hindu spirituality stands in relation to them. -/- Then, Ramesh exploits his training and specialization in Western philosophy to draw contrasts and comparisons of Western ethical theories with the Hindu value philosophy. He clearly shows how the Hindu philosophy comes out as a remarkably coherent integration of many theories of Western ethics. Ramesh also uses the Western logical notions of stipulative and descriptive definition to blend them with the classical indigenous ideas of external or tatastha and internal or svarupa lakshana or definition. The result is a salient four-point definition of Hinduism. -/- Like all mature traditions, Hinduism has its spectrum of outlooks ranging from radical left to radical right. Ramesh presents three major points of the spectrum of conservative, reform and moderate Hinduism. A productive dialog is depicted where a balanced moderate Hinduism emerges. -/- Toward the end of the book’s dialog, Ramesh applies his teaching experience in philosophy of science, history and social sciences to build further on the unique definition of Hinduism thus achieved. In all, this book is a solid comprehensive enunciation of Hindu thought and spirituality which should reward anyone with more than casual interest in the subject plentifully. -/- Ramesh N. Patel was Professor of Philosophy and Religion at Antioch College. He retired in 2002 after teaching for twenty-five years. He continues to teach voluntary courses in Bhagavad-gita, Upanishads, Hinduism and Spirituality Studies. (shrink)

This essay explores the notion of female embodiment and its relation to the phenomenon of religion. It explains religious beliefs, acts, and events in terms of the worship of the female body. By elucidating this standpoint, this essay hopes to reclaim the centrality of the female body and its importance in the study of philosophy of religion.

The online processing of both music and language involves making predictions about upcoming material, but the relationship between prediction in these two domains is not well understood. Electrophysiological methods for studying individual differences in prediction in language processing have opened the door to new questions. Specifically, we ask whether individuals with musical training predict upcoming linguistic material more strongly and/or more accurately than non-musicians. We propose two reasons why prediction in these two domains might be linked: Musicians may have greater (...) verbal short-term/working memory; music may specifically reward predictions based on hierarchical structure. We provide suggestions as to how to expand upon recent work on individual differences in language processing to test these hypotheses. (shrink)

Contributed seminar papers presented at Akhilabhāratīyavaidikasaṅgoṣṭhī Vaidikavāṅmayasya Vividhāyāmaḥ (All India Vedic Seminar on Various Branches of Vedic studies) held and organized by Department of Sanskrit, Sidho-Kanho-Birsha University, Purulia, West Bengal and sponsored by Maharshi Sandipani Rashtriya Ved Vidya Pratishthan on 26th and 27th October 2017.

Polemical writings against the socioeconomic theories of Karl Marx, 1818-1883.

The natural replacement of damaged cells by stem cells occurs actively and often in adult tissues, especially rapidly dividing cells such as blood cells. An exciting case in Boston, however, posits a kind of natural stem cell therapy provided to a mother by her fetus—long after the fetus is born. Because there is a profound lack of medical intervention, this therapy seems natural enough and is unlikely to be morally suspect. Nevertheless, we feel morally uncertain when we consider giving this (...) type of therapy to patients who would not naturally receive it. Much has been written about the ethics of stem cell research and therapy; this paper will focus on how recent advances in biotechnology and biological understandings of development narrow the debate. Here, the author briefly reviews current stem cell research practices, revisits the natural stem cell therapy case for moral evaluation, and ultimately demonstrates the importance of permissible stem cell research and therapy, even absent an agreement about the definition of when embryonic life begins.Although one promising technology, blighted ovum utilisation, uses fertilised but developmentally bankrupt eggs, it is argued that utilisation of unfertilised eggs to derive totipotent stem cells obviates the moral debate over when life begins. There are two existing technologies that fulfil this criterion: somatic cell nuclear transfer and parthenogenic stem cell derivation. Although these technologies are far from therapeutic, concerns over the morality of embryonic stem cell derivation should not hinder their advancement. (shrink)

Theorists have found it difficult to reconcile the unity of inner speech as a mental state kind with the diversity of its manifestations. I argue that existing views concerning the content of inner speech fail to accommodate both of these features because they mistakenly assume that its content is to be found in the ‘speech processing hierarchy’, which includes semantic, syntactic, phonemic, phonetic, and articulatory levels. Upon rejecting this assumption, I offer a position on which the content of inner speech (...) is determined by voice processing, of which speech processing is but one component. The resulting view does justice to the idea that inner speech is a motley assortment of episodes that nevertheless form a kind. (shrink)

A common but overlooked form of explanation in psychiatry is what I label ‘empathetic explanation’. Empathetic explanations invoke empathetic variables, which, in addition to providing an explanation of the target phenomenon, also afford an empathetic understanding of it. Focusing on the case of auditory verbal hallucination (AVH), I argue that empathetic explanation fails to provide an adequate account of the phenomenon, perniciously shapes empirical research, and confuses empathetic understanding with scientific understanding. I close by providing a general condition on the (...) legitimate application of empathetic explanation. (shrink)