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)

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)

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.

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)

Romila Thapar examines the link between time and history through the use of cyclic and linear concepts of time. While the former occurs in a cosmological context, the latter of found in familiar historical forms. The author argues for the existence of historical consciousness in early India, on the evidence of early texts.

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)

For many decades now it has been maintained that Indian civilization has shown an adsence of dissent and protest. This has become so axiomatic on the Indian past that those who have occasionally questioned it have been labelled as anti-Indian. Such a view stems from a nationalistic over-simplification of Indian society as a vision of harmonious social relations in a land of plenty. Superimposed on this were the preconceptions of idealist philosophy that dissent required materialistic underpinnings, and philosophical themes of (...) materialism in Indian thought have generally received short shrift from contemporary commentators. It is only in recent years that some attempts are being made to suggest that neither materialist philosophy nor dissent were wholly marginal to Indian society. It still remains fashionable in some circles to deny the opposition between forms of orthodoxy and heterodoxy in the ideological traditions of the past, arguing that Indian religions were not based on dogma. Yet the history of groups identified as having a community of religious beliefs, rituals and behaviour, among Buddhists, Jainas, Vaisnavas, Saivas and Tantrics, is strewn with sectarian dogmatism which found expression not only in inter-religious but also in inter-sectarian rivalries, sometimes of a violent kind. (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...

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)

Although today Appayya Dīkṣīta enjoys a reputation as the preeminent Śaiva polemicist of the sixteenth century, it must be remembered that he also wrote works from a distinctively Vaiṣṇava perspective, in which Viṣṇu is extolled as the paramount god rather than Śiva. This paper examines one of those works, the Varadarājastava and its autocommentary. It places special emphasis on how the poem is patterned on the Varadarājapañcāśat of the fourteenth-century Śrīvaiṣṇava poet and philosopher, Vedānta Deśika, with close attention to the (...) Varadarājastava’s use of the Vaiṣṇava imagery of the dahara-vidyā or meditation on brahman as the small space within the lotus-shaped heart. While this meditation was the central devotional practice for Appayya Dīkṣita and for his Śaiva predecessor Śrīkaṇṭha, in the Varadarājastava, Appayya is able to develop a more overtly Advaita dahara-vidyā, unfettered by hermeneutic fidelity to Śrīkaṇṭha’s Śaiva approach. The paper also considers the anomaly of Appayya writing as a Vaiṣṇava in the context of the institutional conflicts that took place between Śaivas and Vaiṣṇavas at sites close to where Appayya received patronage. (shrink)

This essay examines the link between time and history through the use of cyclic and linear concepts of time. While the former occurs in a cosmological context, the latter is found in familiar historical forms. The author argues for the existence of historical consciousness in early India, on the evidence of early texts.

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)

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.

Narrative analysis, creative writing, and interactive reflective writing have been identified as valuable for professional identity formation and resilience among medical and premedical students alike. This study proposes that medical student blogs are novel pedagogical tools for fostering peer-to-peer learning in academic medicine and are currently underutilized as a near-peer resource for premedical students to learn about the medical profession. To evaluate the pedagogical utility of medical student blogs for introducing core themes in the medical humanities, the authors conducted qualitative (...) analysis of one hundred seventy-six reflective essays by baccalaureate premedical students written in response to medical student-authored narrative blog posts. Using an iterative thematic approach, the authors identified common patterns in the reflective essays, distilled major themes, coded the essays, and conducted narrative analysis through close reading. Qualitative analysis identified three core themes and one overarching theme. The premedical students’ essays demonstrated significant self-reflection in response to near-peer works, discussed their perceptions of medical professionalism, and expressed concerns about their future progress through the medical education system. The essays consistently attributed the impact of the medical student narratives to the authors’ status as near-peers. The authors conclude that reading and engaging in reflective writing about near-peer blog posts encourages premedical students to develop an understanding of core concepts in the medical humanities and promotes their reflection on the profession of medicine. Thus, incorporating online blogs written by medical trainees as narrative works in medical humanities classrooms is a novel pedagogical method for fostering peer-to-peer learning in academic medicine. (shrink)

This study integrates insights from stakeholder theory and the literature on competitive dynamics and incumbent responses to entry. While research in economics and strategy has examined how market incumbents respond to new entrants, little is known about the heterogeneity in these responses to the entry of a stakeholder-oriented firm; our study addresses this research gap. Findings from a novel, longitudinal dataset of 206 granularly defined pharmaceutical markets in India suggest that stakeholder-oriented firm entry in these markets is associated with an (...) impact on prices and product differentiation with heterogeneous responses from high-end and low-end incumbents. Specifically, entry by a stakeholder-oriented firm results in a reduction in prices and dosage sizes from high-end incumbents, whereas low-end incumbents respond in the opposite direction. (shrink)

In the context of the continuing dominance of delocalised Western feminist theoretical models, which allow the non-Western and not quite Western ‘others’ to either be epistemically annihilated or appropriated, it becomes crucial to look for transformative feminist theoretical tools which can eventually help break the so-called mere recognition patterns and move in the direction of transversal dialogues, mutual learning practices and volatile but effective feminist coalitions. Speaking from the position of postcolonial and postsocialist feminist others vis-a-vis the dominant Western/northern gender (...) studies mainstream, and drawing on examples from a broad range of social contexts (from the Armenian queer social movement to a recent Indian gang rape controversy), the authors of this article address the validity of two such transformative feminist tools: border thinking that operates on a more general theoretical level, and disidentification that offers a more praxial operational realisation of the border principle. (shrink)