This study formulates a two-factor empirical model under the intertemporal CAPM framework to evaluate the cross-sectional implications of socially responsible investments in the US equity market. Our results show that socially responsible investments have no asset pricing impact on the US market. We argue that this ‘no financial impact’ finding indicates that investors will not be disadvantaged financially by investing in socially responsible funds or corporations.

Zenpen Kyūsō Sensei bunshū -- Hoi Kyūsō Sensei bunshū -- Kōhen Kyūsō Sensei bunshū -- Furoku Kyūsō ikkō.

Mal ŭi him -- Kŏjinmal ch'ammal kŭrigo ch'immuk.

This paper aims at proposing a criterion to analyze the concept of subjectivity by surveying and classifying the theories of some major figures in the history of the western philosophy: Plato, Aristotle, Descartes, Hobbes, Bentham, Kant, and Hegel. As proceeding in this work, I reveal two approaches which confront each other, self-centered viewpoint and system-centered viewpoint, and arrange Descartes, Hobbes, and Bentham into the former, and Aristotle and Kant into the latter. Also, I assign Plato and Hegel to an alternative, (...) say, unified viewpoint. In this project, the subjectivity is defined as the fundamental status of a man. When dealing with it, two kinds of viewpoint present and distinguish themselves from each other by two factors as follows: one is whether or not it allows mediation with others to be involved in the configuration of subjectivity, and the other is whether it is determined by its formal features or by its contents. The self-centered viewpoint gets married with the no allowance of mediation and the contents-determining, and the system-centered one does with the allowance and theformality-determining. And the unified viewpoint is suggested as an overcoming account of those two. The significance of this attempt would be these three: one is that it can provide a clue to create new spectrum through which theories in the history of the philosophy are looked out over. Secondly, it can be groundwork to seek for a source of normative ethics by a way of re-determining personal identity. Finally, criticizing the self-centered viewpoint, a dominant account in present moral discourse, it can propose a footstone for an alternative theory of it. (shrink)

Algorithms increasingly make managerial decisions that people used to make. Perceptions of algorithms, regardless of the algorithms' actual performance, can significantly influence their adoption, yet we do not fully understand how people perceive decisions made by algorithms as compared with decisions made by humans. To explore perceptions of algorithmic management, we conducted an online experiment using four managerial decisions that required either mechanical or human skills. We manipulated the decision-maker, and measured perceived fairness, trust, and emotional response. With the mechanical (...) tasks, algorithmic and human-made decisions were perceived as equally fair and trustworthy and evoked similar emotions; however, human managers' fairness and trustworthiness were attributed to the manager's authority, whereas algorithms' fairness and trustworthiness were attributed to their perceived efficiency and objectivity. Human decisions evoked some positive emotion due to the possibility of social recognition, whereas algorithmic decisions generated a more mixed response – algorithms were seen as helpful tools but also possible tracking mechanisms. With the human tasks, algorithmic decisions were perceived as less fair and trustworthy and evoked more negative emotion than human decisions. Algorithms' perceived lack of intuition and subjective judgment capabilities contributed to the lower fairness and trustworthiness judgments. Positive emotion from human decisions was attributed to social recognition, while negative emotion from algorithmic decisions was attributed to the dehumanizing experience of being evaluated by machines. This work reveals people's lay concepts of algorithmic versus human decisions in a management context and suggests that task characteristics matter in understanding people's experiences with algorithmic technologies. (shrink)

本书以形而上学文体为背景,通过对康德哲学与牟氏哲学的比较研究,重构了牟氏的道德形上学体系,逻辑地再现了牟氏对良知作为意义本体的构筑过程。.

Using a signaling framework, we argue that ethical behavior as evidenced by charitable donations is viewed more positively by investors when seen not to be based on self-serving motives but rather on authentic generosity that builds moral capital. The affirmed religiosity of CEOs may make their ethical position more credible, while their embeddedness within a family business suggests that CEOs are backed by powerful owners with long-time horizons and a desire to build moral capital with stakeholders. We find in a (...) study of market responses to 1572 corporate donations by S&P 1500 firms that financial markets react more positively to charitable initiatives from firms with religion-declared CEOs, but only if these are family businesses. (shrink)

Hannah Arendt’s conception of violence in On Violence ignores cases in which violence becomes an expression of power. Through my discussion of a government’s use of violence to control criminal violence and the Algerian Revolution, I argue that an Arendtian communicative relationship between power and violence is unrealistic; a decision to use violence can arise within a government bureaucracy or between an anti-colonial group and their supporters, but not between a colonial oppressor and the oppressed. The decision to use violence (...) is a product of power and cannot actually expect a literal public support. Since the decision arises from the power an entity has over others and the need to maintain power, it is unrealistic for power to rule absolutely or for violence to disappear because there is absolute power. Arendt’s central claim is insufficient because it does not consider how using violence is a decision arising from power. (shrink)

We investigate how state involvement in the ownership of non-listed entrepreneurial firms affects pollution fees levied by national and provincial governments in China. While the national government sets minimum environmental standards, provincial governments can enact requirements that exceed these minimums, and they are largely responsible for enforcing even the national standards, so environmental levies can measure concessions that provinces make to encourage development and employment. Furthermore, state ownership is a good proxy for a firm’s political connections, which can influence the (...) relationship between the firm and the environmental authorities. We find that firms with state ownership pay lower environmental levies, which indicates that concessions are made for political or economic purposes. However, these concessions are conditional on the level of development of the province offering them, with better developed provinces providing fewer concessions. (shrink)

丸山眞男は西洋近代至上主義者・国民国家至上主義者だったのか。丸山が「主体性」論で追究しようとしていたものは何か。著作、講義録をいま一度丁寧に読みなおし、「他者感覚」「自己内対話」など新たな視点から、誤 解されがちな丸山思想の可能性を探る。.

これまで九鬼周造や和辻哲郎、丸山眞男などの日本思想研究で高い評価を得てきた著者が、第一作『善の研究』から晩年の論考にいたるまで、西田のテクストのなかに潜り込み、著作の成立事情や、西洋思想からの影響関係 、独特な用語の使用の変遷などを丁寧に検証して、その思想の全貌を明らかにする。西田幾多郎研究/近代日本哲学研究の必携ガイドにして、従来の西田幾多郎研究を真正面から再統合する西田哲学の決定版!

あはれ・わび・いきなどの美意識や芸術の本質について、和辻哲郎、九鬼周造などの知の巨人から学ぶ。.