Building on earlier work on the relationship between corporate social performance (CSP) and a firm’s financial performance, this integrative empirical study supports the theoretical argument that the higher a firm’s CSP the lower its financial risk. Specifically, the relationship between CSP and risk appears to be one of reciprocal causality, because prior CSP is negatively related to subsequent financial risk, and prior financial risk is negatively related to subsequent CSP. Additionally, CSP is more strongly correlated with measures of market risk (...) than measures of accounting risk. Of all CSP measures, reputation for social responsibility appears to be the most important one in terms of its risk implications. (shrink)

How can people from diverse and different cultural backgrounds balance and reconcile their autonomous cultural identity with the universal dictates of the global age? My approach to this question is from an East Asian perspective, in particular by addressing the issue of 'Confucian cultural identity' under four broad topics: (1) the truth and falsehood of the discourse on 'Asian Values' and 'Confucian-style Capitalism'; (2) the spread of modern science and the tragic consequences of 'Instrumental Reason'; (3) criticism of instrumental reason (...) and its encounter with Confucian virtue ethics; and (4) a reassessment of the 'Anthropocosmic Moral Metaphysics' of (Neo-) Confucianism. In conclusion, on the impending demand to cope with the crisis of our cultural identity in the age of globalisation, our project to strive for the viability of Confucian humanism in the age of globalisation, I think, should mean no other than the invocation of care-ethics that takes care of our alienated neighbours on the one hand and a thrust of an eco-friendly world view to the anthropocentric hegemony over nature, which has been appreciated by 'modern' men since the Enlightenment, on the other hand. (shrink)

This paper argues Confucianism is a compelling managerial ethic for several reasons: 1) Confucianism is compatible with accepted managerial practices. 2) It requires individuals and organizations to make a positive contribution to society. 3) Recognizes hierarchy as an important organizational principle and demands managerial moral leadership. 4) The Confucian "golden Rule" and virtues provide a moral basis for the hierarchical and cooperative relationships critical to organizational success. The paper applies Confucianism to the H. B. Fuller in Honduras: Street Children and (...) Substance Abuse case. (shrink)

This paper presents a cross-cultural analysis of ethics with U.S. and Hong Kong Chinese managers as subjects. These managers were given the Strategies of Upward Influence instrument and asked to evaluate the ethics of using various political strategies to attain influence within their organizations. Differences were found between Hong Kong and U.S. managers on a variety of dimensions, indicating important differences between these two groups on their perceptions of ethical behavior. In the paper, we identify potential reasons for the findings, (...) and suggest directions for future work in this area. (shrink)

Interviews Professor Wang, a political philosopher at Beijing University about the political reforms in China. Explanation on a democratic political system with Chinese characteristics; Confucian tradition of respect for a ruling intellectual elite; Relevance of Confucian scholar Huang Zongxi's proposal for reform.

In this article, through a comparative analysis of Dewey's and Laozi's relevant accounts, I examine a pragmatic insight concerning moral rules and moral experience to the effect that (i) fixed and formulated moral rules should not be taken as the final absolute moral authority, and (ii) attention needs to be paid to the moral agent's own moral experience that responds to the felt demands in concrete situations. The purpose of this paper is to enhance understanding the crucial points of the (...) pragmatic insight and to look at how, in certain complementary ways, Dewey's and Laozi's distinct approaches could contribute to the pragmatic insight and learn from each other. I endeavour to show several points: (1) The pragmatic insight has its distinct metaphysical foundations in Dewey's and Laozi's accounts, whose combination could enhance each other's visions and overcome each other's limitations; (2) Both Dewey and Laozi reject some sharp dualism to look at the nature of moral experience that responds to the felt demands in concrete situations; in so doing, their distinct focuses on different aspects, or developing stages, of such moral experience could be complementarily coordinated into a whole; (3) Their characterisations of the pragmatic insight are also based upon their distinct but related naturalistic perspectives to human moral foundation; Laozi's approach could provide some constructive insight for and due natural limitations on Dewey's account. (shrink)