This study examines the impact of chief executive officer ability on firms’ corporate social responsibility performance. We find that firms’ CSR performance increases with CEO ability. Specifically, firms with more able CEOs are associated with more socially responsible activities and fewer socially irresponsible activities, and are associated with more stakeholder CSR rather than third-party CSR. We further find that the positive relation between CEO ability and CSR is weakened for CEO who is also the chair of the board and for (...) CEO who is close to retirement; and is weakened when the CSR emphasis exerted by a firm’s external environment is high. Our results are robust after controlling for firm fixed effects and to the use of multiple measures of CSR performance and CEO ability. Overall, our evidence is consistent with our conjecture that more able CEOs have less career concerns so that these CEOs are more willing to undertake long-term investments in socially beneficial activities, leading to better CSR performance. (shrink)

Modern computing is generally taken to consist primarily of symbol manipulation. But symbols are abstract, and computers are physical. How can a physical device manipulate abstract symbols? Neither Church nor Turing considered this question. My answer is that the bit, as a hardware-implemented abstract data type, serves as a bridge between materiality and abstraction. Computing also relies on three other primitive—but more straightforward—abstractions: Sequentiality, State, and Transition. These physically-implemented abstractions define the borderline between hardware and software and between physicality and (...) abstraction. At a deeper level, asking how a physical device can interact with abstract symbols is the wrong question. The relationship between symbols and physical devices begins with the realization that human beings already know what it means to manipulate symbols. We build and program computers to do what we understand to be symbol manipulation. To understand what that means, consider a light switch. A light switch doesn’t turn a light on or off. Those are abstractions. Light switches don’t operate with abstractions. We build light switches, so that when flipped, the world is changed in such a way that we understand the light to be on or off. Similarly, we build computers to perform operations that we understand as manipulating symbols. (shrink)

Beliefs have what I will call ‘propositional content’. A belief is always a belief that so-and-so: a belief that grass is green, or a belief that snow is white, or whatever. Other things have propositional content too, such as sentences, judgments and assertions. The Standard View amongst philosophers is that what it is to have a propositional content is to stand in an appropriate relation to a proposition. Moreover, on this view, propositions are objects, i.e. the kind of thing you (...) can refer to with singular terms. For example, on the Standard View, we should parse the sentence ‘Simon believes that Sharon is funny’ as: [Simon] believes [that Sharon is funny]; ‘Simon’ is a term referring to a thinking subject, ‘that Sharon is funny’ is a term referring to a proposition, and ‘x believes y’ is a dyadic predicate expressing the believing relation. In this paper, I argue against the Standard View. This is how I think we should parse ‘Simon believes that Sharon is funny’: [Simon] believes that [Sharon is funny]; here we have a singular term, ‘Simon’, a sentence ‘Sharon is funny’, and a ‘prenective’ joining them together, ‘x believes that p’. On this Prenective View, we do not get at the propositional content of someone’s belief by referring to a reified proposition with a singular term; we simply use the sentence ‘Sharon is funny’ to express that content for ourselves. I argue for the Prenective View in large part by showing that an initially attractive version of the Standard View is actually vulnerable to the same objection that Wittgenstein used against Russell’s multiple-relation theory of judgment. (shrink)

How is one’s cognitive ability related to the way one responds to strategic uncertainty? We address this question by conducting a set of experiments in simple 2×2\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$2 \times 2$$\end{document} dominance solvable coordination games. Our experiments involve two main treatments: one in which two human subjects interact, and another in which one human subject interacts with a computer program whose behavior is known. By making the behavior of the computer perfectly predictable, the (...) latter treatment eliminates strategic uncertainty. We find that subjects with higher cognitive ability are more sensitive to strategic uncertainty than those with lower cognitive ability. (shrink)

This article explains the value of Heideggerian thought for Lonergan scholars through an appreciation of the work of William J. Richardson, S.J. While Richardson is correct that a Heideggerian would see Lonergan's thought as onto-theological and subject-ist, there is an under-appreciated ontological dimension to Lonergan's thought that situates him closer to Heidegger, in some respects, than one might expect. The link below is to a pdf file of the entire Volume 19 of this journal.

Contemporary accounts of luck, though differing in pretty much everything, all agree that the concept of luck is descriptive as opposed to normative. This widespread agreement forms part of the framework in which debates in ethics and epistemology, where the concept of luck plays a central role, are carried out. The hypothesis put forward in the present paper is that luck attributions are sensitive to normative considerations. I report five experiments suggesting that luck attributions are influenced by the normative features (...) of the case, and not merely by descriptive notions like agential control or modal fragility. I discuss the implications of this effect for theories of luck and debates in ethics and epistemology. (shrink)

Corporate governance is often split between rule-based and principle-based approaches to regulation in different institutional contexts. This split is often informed by the types of institutional configurations, their strengths, and the complementarities within them. This approach to corporate governance regulation is mostly discussed in the context of developed economies and their regulatory demands. However, in developing and weak market economies, such as in Sub-Saharan Africa, there is no such explicit split and the debates on such contexts in the comparative corporate (...) governance literature have been meagre. Nonetheless, there are sparks of good corporate governance practices in the region. Drawing from institutional theory and a case study of a largest economy, we explore the appropriateness or suitability of corporate governance regulatory frameworks in Sub-Saharan Africa. Our findings suggest that Nigeria needs an integrated system that combines elements of both rule-based and principle-based regulation, supported by a multi-stakeholder co-regulation strategy. This paper departs from the mainstream rule-based and principle-based categorisations by forging ahead new perspectives on corporate governance regulation, especially in weak market economies. (shrink)

We investigate the issue of aggregativity in fair division problems from the perspective of cooperative game theory and Broomean theories of fairness. Paseau and Saunders proved that no non-trivial theory of fairness can be aggregative and conclude that theories of fairness are therefore problematic, or at least incomplete. We observe that there are theories of fairness, particularly those that are based on cooperative game theory, that do not face the problem of non-aggregativity. We use this observation to argue that the (...) universal claim that no non-trivial theory of fairness can guarantee aggregativity is false. Paseau and Saunders’s mistaken assertion can be understood as arising from a neglect of the games approach to fair division. Our treatment has two further pay-offs: for one, we give an accessible introduction to the games approach to fair division, whose significance has hitherto not been appreciated by philosophers working on fairness. For another, our discussion explores the issue of aggregativity in fair division problems in a comprehensive fashion. (shrink)

We apply Benacerraf’s distinction between mathematical ontology and mathematical practice to examine contrasting interpretations of infinitesimal mathematics of the seventeenth and eighteenth century, in the work of Bos, Ferraro, Laugwitz, and others. We detect Weierstrass’s ghost behind some of the received historiography on Euler’s infinitesimal mathematics, as when Ferraro proposes to understand Euler in terms of a Weierstrassian notion of limit and Fraser declares classical analysis to be a “primary point of reference for understanding the eighteenth-century theories.” Meanwhile, scholars like (...) Bos and Laugwitz seek to explore Eulerian methodology, practice, and procedures in a way more faithful to Euler’s own. Euler’s use of infinite integers and the associated infinite products are analyzed in the context of his infinite product decomposition for the sine function. Euler’s principle of cancellation is compared to the Leibnizian transcendental law of homogeneity. The Leibnizian law of continuity similarly finds echoes in Euler. We argue that Ferraro’s assumption that Euler worked with a classical notion of quantity is symptomatic of a post-Weierstrassian placement of Euler in the Archimedean track for the development of analysis, as well as a blurring of the distinction between the dual tracks noted by Bos. Interpreting Euler in an Archimedean conceptual framework obscures important aspects of Euler’s work. Such a framework is profitably replaced by a syntactically more versatile modern infinitesimal framework that provides better proxies for his inferential moves. (shrink)

According to a standard view of the second law of thermodynamics, our belief in the second law can be justified by pointing out that low entropy macrostates are less probable than high entropy macrostates, and then noting that a system in an improbable state will tend to evolve toward a more probable state. I would like to argue that this justification of the second law of thermodynamics is fundamentally flawed, and will show that some puzzles sometimes associated with the second (...) law are merely artifacts of this incorrect justification. (shrink)

Recently I posted a paper entitled “External observer reflections on QBism”. As any external observer, I was not able to reflect all features of QBism properly. The comments I received from one of QBism’s creators, C. A. Fuchs, were very valuable to me in better understanding the views of QBists. Some of QBism’s features are very delicate and extracting them from articles of QBists is not a simple task. Therefore, I hope that the second portion of my reflections on QBism (...) might be interesting and useful for other experts in quantum foundations and quantum information theory. In the present paper I correct some of my earlier posted critical comments on QBism. At the same time, other critical comments gained new validation through my recent deeper understanding of QBists views on a number of problems. (shrink)

A collection of essays investigating key historical and scientific questions relating to the concept of natural purpose in Kant's philosophy of biology.

Whilst considerable research exists on determining consumer responses to pre-determined statements within numerous ad ethics contexts, our understanding of consumer thoughts regarding ad ethics in general remains lacking. The purpose of our study therefore is to provide a first illustration of an emic and informant-based derivation of perceived ad ethics. The authors use multi-dimensional scaling as an approach enabling the emic, or locally derived deconstruction of perceived ad ethics. Given recent calls to develop our understanding of ad ethics in different (...) cultural contexts, and in particular within the Middle East and North Africa region, we use Lebanon—the most ethically charged advertising environment within MENA—as an illustrative context for our study. Results confirm the multi-faceted and pluralistic nature of ad ethics as comprising a number of dimensional themes already salient in the existing literature but in addition, we also find evidence for a bipolar relationship between individual themes. The specific pattern of inductively derived relationships is culturally bound. Implications of the findings are discussed, followed by limitations of the study and recommendations for further research. (shrink)

Vagueness is an extremely common feature of natural language, but does it actually play a positive, efficiency enhancing, role in communication? Adopting a probabilistic interpretation of vague terms, we propose that vagueness might act as a source of randomness when deciding what to assert. In this context we investigate the efficacy of multiple sender channels in which senders choose assertions stochastically according to vague definitions of the relevant words, and a receiver then aggregates the different signals. These vague channels are (...) then compared with Boolean channels in which assertions are selected deterministically based on classical definitions. We show that given a sufficient number of senders, a linear stochastic channel outperforms Boolean channels when performance is measured by the expected squared error between the actual value described by the senders and the receiver’s estimate of it based on the signals they receive. The number of senders required for vague channels to be at least as accurate as Boolean channels is shown to be a decreasing function of the size of the language i.e. the number of description labels available to the senders. Vague channels are then shown to be robust to transmission error provided the error rate is not too large. In addition, we investigate the behaviour of both Boolean and vague channels for a parametrised family of distributions on the input values. Finally, we consider optimal vague channels assuming a fixed number of senders and show that, provided there are more than two senders, a vague channel can be found that outperforms the optimal Boolean channel. In this context, we show that for channels with relatively low numbers of senders S-curve production functions are optimal. (shrink)

A comprehensive and practical study tool, introducing Kant's thought and key works and exploring his continuing influence.

The article explores various aspects of understanding Paul. It focuses on his use of the expression ‘the gospel of God’ as the ‘good news’ that originates with God (a subjective genitive) and one that is about God (an objective genitive). The article argues that the cross and resurrection constitute the core of Paul’s message and that this message demands a new ethos because of the ‘dying and rising’ in participation with Christ Jesus. For Paul, the messianic era had already commenced. (...) In Paul’s point of view, the heart of the gospel was the announcement of a historical happening, namely the crucifixion of the historical Jesus which is connected to another ‘event’, namely the resurrection of Jesus, which does not qualify as history. For Paul, faith is engagement with the kerygma, and not a kind of loyalty to inherited religious customs. Faith implies undivided loyalty, a personal decision and commitment to believe what is proclaimed. (shrink)

We consider the use of interventions for resolving a problem of unidentified statistical models. The leading examples are from latent variable modelling, an influential statistical tool in the social sciences. We first explain the problem of statistical identifiability and contrast it with the identifiability of causal models. We then draw a parallel between the latent variable models and Bayesian networks with hidden nodes. This allows us to clarify the use of interventions for dealing with unidentified statistical models. We end by (...) discussing the philosophical and methodological import of our result. (shrink)

This paper refers to a subjective approach to Ecosystems, referred to as Impure Systems to capture a set of fundamental properties. There are four main phenomenological components: directionality, intensity, connection energy and volume. A fundamental question in this approach to Impure Systems is the intensity or forces of a relation. Concepts as the system volume, and propose a system thermodynamic theory based in the Law of Zipf and the temperature of information are introduced. It hints at the possibility of adapting (...) the fractal theory by introducing the fractal dimension of the system. (shrink)

The case and importance for managers and stakeholders to understand organizational legitimacy is very clear. A gap though exists, in both theory and application, as to how managers and community stakeholders proceed when they seek to understand and affect the legitimacy state of a firm or an industry. This article addresses this problem. Using public hearing transcripts we analyze over 7,000 lines of text to build a database of 589 statements regarding the legitimacy/illegitimacy of large confined animal operations. These data (...) reflect the perspectives of 77 stakeholders, and cover 21 legitimacy themes, four legitimacy bases, and 13 authoritative references. The article presents, and then applies, a four-part method for legitimacy state assessment that integrates theory on legitimacy themes and bases, stakeholders, and authoritative references. (shrink)