Does the board of directors influence cost of debt financing? This study of a sample of Spanish listed companies during the period 2004-2007 provides some evidence about the question. The results suggest that two board attributes - director ownership and board activity - appear to influence in the risk assessment of debtholders because of their ability to reduce agency cost and information asymmetry. We also find a non-linear relationship between board size and cost of debt, suggesting that from certain levels (...) the benefits of large boards may be outweighed by the cost of poorer communication and increased decision-making time. (shrink)

Research on deviant organizational practices has demonstrated that normative and cognitive institutional forces contribute to making deviance acceptable. Data from a survey of 3,751 Chinese firms were applied to test the idea that a clearly articulated alternative identity is necessary if a firm is to resist the normalization of deviance. Widespread acceptance of delinquency in repaying loans was shown to make it more likely that a firm adopts that practice, but this normalization process is less likely for firms with a (...) stronger anti-deviance identity. (shrink)

Although gains in generational intelligence test scores have been widely demonstrated around the world, researchers still do not know what has caused them. The cognitive stimulation and nutritional hypotheses summarize the several diverse potential causes that have been considered. This article analyses data for a sample of 499 children tested in 1930 and one equivalent sample of 710 children tested 72 years later, the largest gap ever considered. Both samples comprised children aged between 7 and 11 who were assessed by (...) the Draw-a-Man test in the city of Belo Horizonte, Brazil. Further, one additional sample of 132 children was assessed in 2004 in a rural area very similar in several diverse factors to the 1930 urban sample. The results are consistent with both the cognitive stimulation and the nutritional hypotheses. (shrink)

By reading mainly Heidegger’s “What Is Metaphysics?,” the aim of this paper is to illuminate the ontological revelatory function of the nothing that occurs in anxiety. The two parts of this paper describe the same night of anxiety. While the first part shows this night from the point of view of the movement or sweep of anxiety, the second studies this same night from the point of view of the ontological revelatory role of the nothing and its negative logic of (...) disclosure. It is crucial for my analysis to keep apart two different meanings of the nothing. There is the nothing as being’s totally other (nihil negativum), on the one hand, and the nothing as Being, on the other. While with this second meaning one dwells in the realm of the ontological, it is the first meaning-which is the focus of this paper-that secures our access to it. Resumen Mediante la lectura principalmente del texto “¿Qué es metafísica?” de Heidegger, el objetivo de este artículo es iluminar la función reveladora ontológica de la nada que ocurre en la angustia. Las dos secciones de este artículo describen la misma noche de la angustia. Mientras que la primera sección muestra esta noche desde el punto de vista del movimiento o vaivén de la angustia, la segunda estudia esta misma noche desde el punto de vista del papel revelador ontológico de la nada y su lógica negativa de desvelamiento. Para nuestro análisis es crucial mantener separados dos sentidos distintos del concepto de nada: por un lado, está la nada como lo totalmente otro con respecto al ente (nihil negativum); y por el otro lado, la nada como Ser. Si bien con este segundo significado uno habita en el ámbito de lo ontológico, es el primer significado, el cual es el tema central de este artículo, el que asegura nuestro acceso a él. (shrink)

Advocates of eliminative materialism (EM) assure us that our current, ordinary approach to describing the mind will eventually be eliminated, instead of reduced, by a matured neuroscience. However, once we take into account the flexibility, explanatory power, and overall sophistication of ordinary language, then the promissory note offered by eliminative materialism loses all credibility. To bolster the preceding claim, we present three original problems for EM: the accountability problem, the substitution problem, and the discourse dependence problem.

En el primer tercio del siglo XX, Carmen de Burgos realizó una notable tarea para lograr el conocimiento de la literatura extranjera en España y tradujo más de treinta obras de autores tan variados como Ruskin, Renan, Moebius, Salgari o Rachilde. Se ha elegido ordenar sus traducciones de acuerdo con las editoriales que las publicaron para distinguir la línea editorial de cada una de ellas.

Este artículo describe tres usos del concepto de la nada. Primero, en el ámbito de la mística cristiana, analizamos el tratamiento que de esta categoría hace el monje dominico del siglo XIII Meister Eckhart; luego, dentro del ámbito filosófico-político, revisamos los usos que de esta noción hacen el filósofo de la liberación argentino Enrique Dussel y el poeta y teórico cultural norteamericano Fred Moten. Nuestra intención es investigar posibles influencias del empleo de la nada en la mística cristiana sobre el (...) ámbito filosófico-político. Postulamos que en los tres casos se da una dinámica de la nada que concluye con una inversión, en la cual se pasa desde la experiencia de la nada como defecto o privación hacia la nada como exceso, es decir, de lo sub-ontológico a lo trans-ontológico. Consideramos que estos tres usos de la nada están en función del rédito que esta inversión posibilita. (shrink)

The recently published book Theism, Atheism, and Big Bang Cosmology 1 has had quite an impact on the ongoing debate about the existence of God.

This paper considers Cicero’s political and legal philosophy, focussing on the ciceronian concepts of republic, law and virtue, on which Cicero’s systematic construction of the State and the Right rests.

"La democracia neopopulista es incluyente de la plebe, de los de abajo", mientras que, en tiempos de globalización, la democracia liberal tiende a conformar "la fachada gestional de las políticas del gran capital internacional", sostiene Roberto Follari, pensando en el presente latinoamericano. Doct..

Sick and Blamed: Criminal Law in the Chilean Response to COVID-19 The Chilean government called upon ideas of social solidarity to fight the pandemic of SARS-CoV-2 and it relied heavily on the criminal law in order to secure compliance with sanitary restrictions. However, because restrictions and prosecutorial policy did not take into account social background and people’s ability to comply with the law, prosecutions soon created groups of people who were being both over-exposed to disease and death, and over-exposed to (...) control, blame and punishment. The configuration of this overpoliced and underprotected group became so visibly unjust that appealing to social solidarity to justify the criminal enforcement of sanitary restrictions became almost insulting. This forced the Fiscal Nacional to develop a ‘socially sensitive’ prosecutorial strategy, something that we have not often seen despite Chile’s inequalities. The changes in policy by the Fiscal Nacional suggest that perhaps, at times, penal institutions can be made accountable for acting in ways that create estrangement rather than cohesion. (shrink)

El pensamiento ético de Averroes apenas ha sido estudiado y ello a pesar de que es el único filósofo islámico medieval del que se conserva un Comentario a la principal obra aristotélica sobre el tema, la Ética nicomáquea. El eje del presente trabajo es precisamente un nuevo análisis de ese Comentario a través de los conceptos de eudaimonía o felicidad, philía o amistad y tò díkaion o justicia.

En 1718, un peintre anonyme exécute une magnifique huile sur toile de grandes dimensions (174 x 166 cm) pour illustrer deux mariages de la descendance incasique impériale avec la Maison des Loyola et des Borgia, dont sont issus les deux saints jésuites du xvie siècle. Ces doubles noces ont eu lieu respectivement en 1572 et en 1611. Il s’agit donc d’événements du passé que ce tableau reproduit à grands frais, et dont la portée se mesure au nombre de copies qui (...) en ont été faites. La peinture de... (shrink)

The perception of sensory effects generated by one’s own actions is typically attenuated compared to the same effects generated externally. However, it is unclear whether this specifically relates to self-generation. Recent studies showed that sensory attenuation mainly relies on action preparation, not actual action execution. Hence, an attenuation of sensory effects generated by another person might occur if these actions can be anticipated and thus be prepared for.Here, we compared the perceived loudness of sounds generated by one’s own actions and (...) actions of another person that either could or could not be anticipated. We found an attenuation of the perceived loudness for self- as compared to other-generated sounds. This difference was independent of whether the sound-eliciting actions of the other person could be anticipated or not. Thus, sensory attenuation seems to be specifically tied to self-generation instead of being a secondary effect of agent-independent preparation for an upcoming action. (shrink)

RESUMEN: Hace treinta años la economía mundial, sobre todo en los países desarrollados, sufría, como ocurre ahora, una fuerte crisis económica. De aquella situación surgió un nuevo modelo de regulación de las economías capitalistas al que se llamó neoliberalismo. Desde entonces, con mayor o menor fuerza, ha estado presente en todos los países, aprovechando las condiciones de estos para repetir constantemente los mismos principios: la reducción del Estado, las ventajas del mercado, la autorregulación de éste, etc. Aunque sus premisas parezcan (...) simples o sencillas el neoliberalismo es un proyecto complejo y cambiante, cuya sustentabilidad política y económica se reinventa constantemente y cuya gobernanza y espacialidad es necesario observar y analizar si se quiere avanzar en alternativas viables. El neoliberalismo no vive apartado de proyectos alternativos sino que se mezcla con las alternativas, tiene una forma de gobernanza que muta, que cambia. Con este artículo pretendemos conocer algo más sobre las semejanzas y diferencias que esta ideología presenta según los países.ABSTRACT: Thirty years ago the world economy, especially the developed countries, suffered, as it is the case now, a severe economic crisis. That situation arose a new regulatory model of capitalist economies is called neo-liberalism. Since then, with more or less force, has been present in all countries, taking advantage of these conditions to constantly repeat the same principles: the reduction of the State, the advantages of the market and self-regulation of this, etc. Although its premises seem simple or simple neo-liberalism is a complex and changing project whose political and economic sustainability constantly reinvents itself and whose governance and spatiality is necessary to observe and analyze whether you want to advance in viable alternatives. Neo-liberalism does not live away from alternative projects but is mixed with the alternatives, has a form of governance that mutates, which changes. With this communication we seek to know something more about the similarities and differences that this ideology presents of the countries. PALABRAS CLAVE: liberalismo, keynesianismo, neoliberalismo, ultraliberalismo.KEYWORDS: liberalism, keynesianism, neoliberalism, ultraliberalism. (shrink)