This Article investigates the determinants of dividend policy in firms with concentrated ownership structures. A review of the empirical literature shows that dividend payout ratios are lower in firms with controlling shareholders. We explain this finding as a consequence of the legal rules governing cash distributions, which leave the dividend decision in the hands of the firm insiders, and the lack of monitoring mechanisms for checking the power of controlling shareholders. The analysis of the empirical evidence on dividend policy points (...) to the existence of an unresolved agency conflict between controlling shareholders and outside investors. We conclude that controlling shareholders are currently using the dividend policy to expropriate minority shareholders. (shrink)

Andrés el Capellán: dialéctica y juego en el amor. Resumen de Tesis de doctorado en Filosofía de Nicolás José Martínez Sáez.

Besides their cardinal and proportional readings, many and few have been argued to allow for a ‘reverse’ proportional reading that defies the conservativity universal. Recently, an analysis has been developed that derives the correct truth conditions for this reading while preserving conservativity. The present paper investigates two predictions of this analysis, based on two key ingredients. First, many is decomposed into a determiner stem many and the degree operator POS. This predicts that other elements may scopally intervene between the two (...) parts. Second, non-reverse and reverse readings arise from the versatile association possibilities of POS, as independently witnessed in the grammar. In languages in which the same versatile association profile is granted to the superlative degree operator -est, reverse readings are expected to arise for most as well. Both predictions are borne out. (shrink)

This paper is concerned with Noun Phrases (NPs, henceforth) occurring in two constructions: concealed question NPs and NP subjects of specificational sentences. The first type of NP is illustrated in (1). The underlined NPs in (1) have been called ‘concealed questions’ because sentences that embed them typically have the same truth-conditional meaning as the corresponding versions with a full-fledged embedded interrogative clause, as illustrated in (2) (Heim 1979).

This research shows how business students’ disciplinary specializations can affect their sense of personal responsibility by providing rationalizations for moral disengagement. It thereby conceptualizes business students’ disciplinary specializations as a key dimension of the business school responsibility learning environment. Students use four main rationalizations to displace responsibility variously away from their own disciplinary specializations, to claim responsibility as the prerogative of their specialization, and to shiftirresponsibility onto disciplinary out-groups. Yet despite their disciplinary identifications, students largely rationalized that their sense of (...) responsibility was an individual matter that was unlikely to be affected by contextual influences, and they attributedirresponsible behavior to incorrigible ‘bad apples.’ A theoretical model is offered which illustrates these dynamics by combining Bandura’s social cognitive theory with social identity theory. The research is based on secondary data, specifically focus-group interviews conducted with undergraduate students at a major Scandinavian business school in connection with the implementation of the UN Principles for Responsible Management Education (PRME) initiative. The implications for management education include the need to strengthen students’ ‘disciplinary reflexivity,’ and to explicitly address the tension between students’ disciplinary solidarities and their faith in their own individual moral infallibility. (shrink)

The accusation of Jewish ancestry formulated against Ibn Rushd al-Ḥafīd when he was exiled to Lucena is analyzed taking into account similar accusations made against other Andalusis during the Almoravid and Almohad periods, as well as Muslim representations of the Jews in which these were often depicted as agents of foreign heresies. The influence of the context of suspicion and anxiety created by the forced conversion of the Jews in the early Almohad period in such accusations is also dealt with.

Este documento presenta los resultados preliminares de una investigación en la que se articula el concepto de narrativas transmedia educativas con una metodología emergente denominada INAEP (Investigar, Narrar, Elaborar y Preguntar). El texto contempla la reflexión sobre observaciones realizadas a un grupo de Scouts, niños y niñas de 10 a 14 años en la ciudad de Bogotá, Colombia, a quienes se les enseñó historia en un ambiente educativo no formal mediante un material didáctico desarrollado bajo las bases del método INAEP, (...) a la luz del cual se espera evaluar su aprendizaje y la aplicabilidad del método en diferentes contextos educativos. (shrink)

The term “Reduced Conditional” is coined by Schwarz (1996, 1998, 2000) to designate a certain kind of ellipsis that may occur in the consequent of a Conditional in German, as illustrated in (1): (1a) is a Full Conditional (FC, henceforth) and (1b) is its Reduced Conditional (RC) counterpart.

La ‘declaración’ es uno de los momentos constitutivos de la adquisición de una propiedad (AA 6 258). Este momento debe verse satisfecho si es que dicha adquisición ha de volverse real, sin importar las condiciones empíricas bajo las que tal objeto sea adquirido, ni tampoco el objeto del que se trate (AA 6 251-254, 273). No obstante, teniendo en consideración que la presentación de los attendenda —entre los que la declaración se halla— es posterior a la exposición de los objetos (...) que le son apropiables a nuestro arbitrio (cf. AA 6 247-248), podría pensarse que dichos momentos sufren de algún condicionamiento para su posibilidad en referencia al tipo de objeto que vaya a ser adquirido, o bien, que son estos los que resultan condicionados por ellos. Más aún, en la medida en que toda ‘declaración’ demanda una ejecución, su pretendido estatuto trascendental queda puesto en tensión. No obstante, se mostrará que dicha tensión se resuelve atendiendo a (1) que la procedencia de toda ‘declaración’ es la comunidad originaria, y (2) que la ‘declaración’, fundada en la comunidad originaria, es un acto de habla que no modifica la naturaleza de dicha comunidad. (shrink)

El presente artículo tiene como objetivo acercarse al pensamiento sensitivo de los medios de comunicación desde Marshall McLuhan. En términos generales, este acercamiento pretende relacionar, desde la consolidación tecnológica de la información, el cuestionamiento de los espacios tecnológicos a través de la extensión humana, y desde ahí descubrir si el panorama tecnológico trastoca aún hoy la extensión de nuestra corporeidad, en lo que McLuhan denominó “el nacimiento de una nueva nostalgia”. La reconfiguración de un nuevo escenario en el que los (...) aportes tecnológicos y científicos desempeñan hoy un papel determinante hace importante el diálogo entre la tecnología y la sociedad de manera más dinámica e integral, en la medida en que el conocimiento científico y el tecnológico son productos sociales (Bazzo). (shrink)

La Psicología moderna ha generado un gran esfuerzo y enormes recursos de investigación en torno a la personalidad creativo/innovadora. Marcos epistemológicos y metodológicos positivistas experimentales han marcado el sentido predominante de la investigación. Tantos recursos y dedicación investigadora no han obtenido hasta la fecha resultados concluyentes y mucho menos satisfactorios. La fusión entre creatividad-innovación y productividad desde los discursos hegemónicos psicológico-manageriales marcan el sentido de la investigación predominante. Los diferentes significados que connotan a los términos “Sociedad de la Información” y (...) “Sociedad del Conocimiento” conllevan cada uno por su lado diferentes significados e implicaciones en relación con la acción innovadora de los consumidores y usuarios. (shrink)

Preposed negation yes/no (yn)-questions like Doesn''t Johndrink? necessarily carry the implicature that the speaker thinks Johndrinks, whereas non-preposed negation yn-questions like DoesJohn not drink? do not necessarily trigger this implicature. Furthermore,preposed negation yn-questions have a reading ``double-checking'''' pand a reading ``double-checking'''' p, as in Isn''t Jane comingtoo? and in Isn''t Jane coming either? respectively. We present otheryn-questions that raise parallel implicatures and argue that, in allthe cases, the presence of an epistemic conversational operator VERUMderives the existence and content of the (...) implicature as well as thep/ p-ambiguity. (shrink)

This study analyses the performance and market timing of US socially responsible (SR) mutual funds in relation to business cycle regime shifts and different grouping criteria: Ethical strategy focus, SR attributes scores and Morningstar category. Different methodologies are applied and results highlight the importance of considering specific benchmarks related to the investment style in evaluating the SR fund performance. Our results show that, in aggregate, the abnormal performance of SR funds is negative and significant in expansion periods, but no significant (...) differences are found in recession periods. When specific benchmarks are considered, performance improves in recession periods, particularly for environmental funds, those with high SR attributes scores, and funds from the nine Morningstar style box categories. Market timing of SR funds takes positive values and is partially significant. Previous evidence of negative timing after a recent financial crisis vanishes when specific benchmarks are considered. For comparative purposes the performance of conventional US mutual funds is also analysed. There are no significant differences between the performance of SR and conventional mutual funds when a fair comparison is made within the same style categories. When all the SR funds are considered, they underperform conventional funds in expansion sub‐periods, but in recession sub‐periods they perform better, although the differences observed are not significant. (shrink)

In (1b), for the most part induces a so-called Quantificational Variability Effect (QVE) on the NP the linguists from the East Coast, yielding roughly the interpretation ‘most of the linguists from the East Coast came to NELS’. We claim that the two constructions above differ in the domain where they apply, producing similar but not identical quantificational interpretations over the NP. In particular, we argue that most of the NPs applies to the nominal domain, while for the most part applies (...) to the verbal domain. Our claim is based on two sets of novel semantic data. First, we show that the distribution of most of the NPs is parallel to that of all the NPs in terms of its selective compatibility with collective predicates. To account for this data, we extend Brisson’s (1998, 2003) analysis of all the NPs to most of the NPs, concluding that most is an ∃-quantifier introducing a group of a certain proportion. Second, we show that, when for the most part gives rise to a QVE on a definite NP, the collective interpretation is not available. We develop a semantic analysis of for the most part as a verbal modifier that explains the lack of collective readings and that extends to interpretations other than QVE. The structure of the paper is as follows: in section 2, we introduce some general background on events and distributivity that are relevant to the current paper. In section 3, we propose the analysis of most of the NPs, followed by the analysis of for the most part in section 4. Section 5 concludes the paper and discusses further issues. (shrink)

This paper develops a framework for TAG (Tree Adjoining Grammar) semantics that brings together ideas from different recent approaches. Then, within this framework, an analysis of scope is proposed that accounts for the different scopal properties of quantifiers, adverbs, raising verbs and attitude verbs. Finally, including situation variables in the semantics, different situation binding possibilities are derived for different types of quantificational elements.

Name der Zeitschrift: Der Islam Jahrgang: 93 Heft: 1 Seiten: 233-236.

¿Cuáles fueron los mecanismos mediante los cuales se llevó a cabo la exclusión de herejes, apóstatas e innovadores en una sociedad islámica pre-moderna como la andalusí? ¿Cuáles fueron los mecanismos o las estrategias mediante los cuales los acusados de here-jía o desviación religiosa lograron no ser excluidos de la comunidad o, en el caso de ser-lo, consiguieron la reincorporación a su medio social y religioso? Este artículo busca dar respuesta a estas preguntas, basándose en estudios previos sobre las acusaciones de (...) apos-tasía, herejía, innovación y blasfemia que tuvieron lugar en al-Andalus. = What were the mechanisms by which exclusion of heretics, apostates and innovators operated in a pre-modem Islamic society, that of al-Andalus? What were the mechanisms or strategies by which those labelled as heretics or as religious dissenters managed not to be excluded or if they had been, managed to be reincorporated finto their social and religious milieu? This article seeks to provide answers to these questions, drawing on previous studies carried out on accusations of apostasy, heresy, innovation and blasphemy that took place in al-Andalus. (shrink)

La distinción entre normas y formulaciones normativas lleva a los teóricos del derecho a tratar las normas jurídicas como entidades. En este artículo la autora explora el recorrido transitado por algunos filósofos analíticos del lenguaje, que va desde una noción de significado hasta la necesidad de entidades. Después, presenta un conjunto de problemas producidos al considerar las normas entidades. Sea cual sea el tipo de entidad que consideremos tiene que ofrecerse una distinción clara entre criterios de identificación y de individualización. (...) En el supuesto caso de las entidades abstractas la distinción se disuelve. A través de una sustitución de las nociones de intensión y extensión de las palabras, por las nociones de aspectos intensionales y extensionales de aquello de lo que hablamos, la autora bosqueja un programa metodológico para el derecho y la Teoría Jurídica. El programa se basa en un proceso dinámico de identificación de normatividad. (shrink)

Razlika med normami in ubeseditvami norm zavezuje pravoslovce k obravnavanju pravnih norm kot danosti. Avtorica najprej osvetli pot, ki so jo tlakovali nekateri analitični filozofi jezika in ki vodi od pomena do danosti. Nato predstavi sklop problemov, ki nastanejo zaradi obravnavanja norm kot danosti. Ne glede na to, s katero vrsto danosti imamo opraviti, moramo razlikovati med merili prepoznave in primeri poposameznjenja tovrstnih danosti. V predstavljenem primeru abstraktnih danosti pa to razlikovanje pade. S tem, da avtorica zamenja pojma pomenske vsebine (...) in pomenskega obsega besed za vsebinski in obsežnostni vidik tega, o čemer govorimo, očrta tudi predlog metodološkega načrta za pravo in pravno teorijo. (shrink)

There are two main approaches to the scopal properties of the N’-restrictors of which-phrases. One line attributes widest scope within the interrogative clause to the entire which-phrase, outside the question formation operator, often assumed to reside in C0. The result is Karttunen ’s question denotation --exemplified in --,1 whose distinctive feature is that the semantic contribution of the N’- restrictor of the which-phrase is represented outside the so-called question nucleus, i.e., outside the subformula “p=…”. The second main avenue interprets the (...) N’-restrictor of which-phrases somewhere inside the question nucleus, that is, under the scope of the question formation operator and possibly under other, further embedded operators. The outcome is Hamblin’s --or unselective binding—question meaning, as in. This paper will be concerned with this second line, which I will refer to as the base position line. (shrink)

A finales del año pasado se publicaba el Informe sobre juventud en España que periódicamente elabora el INJUVE (Instituto de la Juventud de España). Unas investigaciones sobre la cuestión que, junto a las elaboradas por la Fundación Santa María, son unas de las máximas referencias a la hora de observar las evoluciones que se producen entre los jóvenes españoles.

The traditional sporting games correspond to a set of signs full of meanings, which come to life through the motor behaviors of the players as they participate in its semiotic semantics. As a result of this exchange, interpersonal conflicts may emerge because of each person’s semiotic interpretation of the sociomotor dynamics of the game. This research aimed to analyze the comments of intense negative emotions that arise in conflicts of a praxical nature in a TSG, in its different parts, and (...) in the motor interventions of its protagonists. A total of 160 university students participated in a competitive sociomotor traditional sporting game of cooperation-opposition: the Marro. At the end of the practice, all answered the validated GES-II questionnaire. Subsequently, a content analysis of 480 comments was performed using ATLAS.ti 8.4 software. The conclusion of this work verifies the existence of different levels of meaning in the semiotic experience that originate interpersonal conflicts in traditional sporting games. Considering the multidimensional network of signs and meanings that emerge in any game will help to understand the meaning of the protagonists’ conflictive motor conducts. (shrink)

ABSTRACT The disparity in the venezuelan demographic transition is a fact known by experts. On this setting, there are four municipalities in Falcón State with a high elder population, one of them is Tocópero. This research had as general objectives to study the estimations of demographic risks and the social politics for elders, people who are 75 and more, from Tocópero Municipality, considering that specialists indicate that, once the demographic oldness has arrived, it is important to study thoroughly the elder (...) population in order to design relevant politics and programs, taking into consideration that it is a vulnerable group. It was an exploratory and descriptive study, with a field-no experimental-transectional design. The sample was intentional. Structured interviews and questionnaires were applied to elders and municipal officials. The data processing was carried out by using quantitative methods. The conclusions indicated that the elder population in Tocópero Municipality had a marked female tendency. In general terms, the adverse effects associated to the estimations of demographic risk were not present in the studied sample. There was no relation between the demographic reality of this municipality and the social politics and programs implemented. The programs concentrated the elder and suppressed the intergenerational contact; the centralism was the key element to understand the present politics of the Venezuelan state towards the oldness. The demographic oldness of this municipality was determined by the way in which the birth of the municipality was approved. (shrink)

Con remisión a las obras de Michel Foucault y de Jacques Lacan, en el presente artículo se trazan los límites de la teoría de la performatividad de Judith Butler con respecto al sujeto de lo político y a su capacidad de acción tomando como referente fenomenológico la consulta que se llevara a cabo en Cataluña el 9 de noviembre de 2014. Dichos límites se hacen manifiestos mediante la distinción entre acción y acto políticos o entre subversión en tanto que transgresión (...) de la norma que da lugar a la reconfiguración del orden socio-simbólico e interrupción en tanto que transgresión de la norma que constituye un acontecimiento radicalmente otro de dicho orden. (shrink)

This article seeks to highlight two dimensions of ethics. Understood as aconcept that refers, initially, to a mode of being, and also alludes to an “ought to be”. Starting from this, the aim is to establish some basis to discuss the problems deriving from this double dimension of ethics, stemming from certain ancient Greek philosoph- ical ideas, in particular from Aristotle’s ethics and certain statements from modern philosophy, emphasizing some relevant concepts of Kant’s moral theory. Using said arguments, the final (...) purpose is to call attention to the dilemma in ethics. (shrink)

In this paper we study the axiomatic system proposed by Bourbaki for the Theory of Sets in the Éléments de Mathématique. We begin by examining the role played by the sign \(\uptau \) in the framework of its formal logical theory and then we show that the system of axioms for set theory is equivalent to Zermelo–Fraenkel system with the axiom of choice but without the axiom of foundation. Moreover, we study Grothendieck’s proposal of adding to Bourbaki’s system the axiom (...) of universes for the purpose of considering the theory of categories. In this regard, we make some historical and epistemological remarks that could explain the conservative attitude of the Group. (shrink)

The so-called ‘hidden curriculum’ is often presented as a counterproductive element in education, and many scholars argue that it should be eliminated, by being made explicit, in education in general and specifically in higher education. The problem of the HC has not been solved by the transition from a teacher-centered education to a student-centered educational model that takes the student’s experience as the starting point of learning. In this article we turn to several philosophers of education to propose that HC (...) can be made explicit in HE when the teacher recognizes and lives his/her teaching as a personal issue, not merely a technical one; and that the students’ experience of the learning process is not merely individual but emerges through their interpersonal relationship with the teacher. We suggest ways in which this interpersonal relationship can be strengthened despite current challenges in HE. (shrink)

En el presente trabajo expongo la propuesta falsacionista de Karl Popper como resultado de su solución al problema de la inducción. En este sentido, la analizo bajo sus dos aspectos, el lógico y el metodológico. La idea detrás de ello es mostrar, en primer lugar, que su solución lógica al problema de la inducción es totalmente independiente de los criterios metodológicos que propone para la elección entre teorías rivales, y en segundo lugar, que estos últimos constituyen una transgresión a su (...) pretendida exclusión de la inducción en la práctica científica. (shrink)