I argue that coherence is truth-conducive in that coherence implies an increase in the probability of truth. Central to my argument is a certain principle for transitivity in probabilistic support. I then address a question concerning the truth-conduciveness of coherence as it relates to (something else I argue for) the truth-conduciveness of consistency, and consider how the truth-conduciveness of coherence bears on coherentist theories of justification.

Although I agree with Elqayam & Evans' (E&E's) criticisms of is-ought and ought-is fallacies, I criticize their rejection of normativism on two grounds: (1) Contrary to E&E's assumption, not every normative system of reasoning consists of formal rules. (2) E&E assume that norms of reasoning are grounded on intuition or authority, whereas in contemporary epistemology they have to be justified, primarily by their truth-conduciveness.

In this study, we examine the determinants of corporate environmental responsibility, as well as the relationship between legal systems and CER as measured by a unique set of global environmental cost data. Results of our analyses show that firms’ legal origins affect CER, which requires a long-term management perspective. Specifically, our results indicate that civil law firms exhibit significantly higher levels of CER than common law firms. In addition, results of an auxiliary test suggest that manager shareholding has a significant, (...) nonlinear relationship with CER. The association between a firm’s legal origin and its CER performance remains robust after controlling for the effects of managerial ownership and issues related to endogeneity. Our findings imply that although the majority of corporate law studies in the past few decades provide support for the common law system emphasizing the maximization of shareholder value and investor protection, the civil law system stressing the maximization of stakeholder wealth and the importance of CER may become more influential in the coming decades as CER becomes central to firms’ operations. (shrink)