This study examines whether penalties issued to Chinese listed companies by securities regulators for violations of corporate law affect the cost of debt, and the moderating role of corporate social responsibility fulfillment on this relationship. Our sample consists of firms listed on Shanghai and Shenzhen stock exchanges from 2011 to 2017 and the data are collected from the announcements of China Securities Regulatory Commission. The findings are as follows: punishment announcements by regulatory authorities increase the cost of debt; and the (...) effect of punishment announcements on the cost of debt is partially offset by prior CSR performance. These findings are shown to be robust. The reputation insurance effect of CSR is more pronounced in state-owned enterprises and in an institutional environment with low marketization, a weak legal environment, and low information transparency. The findings support the reputation insurance hypothesis of CSR and employ the cost of debt as a governance mechanism. (shrink)

We provide the first comprehensive and robust evidence on the relationship between CSR disclosure quality and the costs of corporate bonds in China. We find that firms with high CSR disclosure quality are associated with lower costs of corporate bonds. Our findings are robust to endogeneity issues arising from reverse causality, omitted variable bias, and the interdependencies between price and non-price terms. The negative relationship between CSR disclosure quality and the costs of corporate bonds is stronger in weak corporate governance (...) firms and in firms located in regions with weak institutional environments. We also find that firms’ misconduct significantly mitigates the influence of CSR disclosure quality. In the additional analyses, we provide evidence that CSR disclosure can offer incremental information beyond the credit ratings. Regarding non-price terms, we conclude that firms with higher quality of CSR information are less likely to be subject to collateral terms, but they tend to include more restrictive covenants. Further analyses also show that compared with low-quality or mandatory CSR disclosure firms, bond investors perceive firms with CSR disclosures rated above “A” categories or voluntary CSR disclosure as less likely to cause asymmetric information problems and thus charge lower risk premiums. Overall, this study demonstrates that CSR disclosure quality is an important determinant that affects both price and non-price bond contract terms. (shrink)

Autonomous learning capacity is a key competency that supports teachers’ professional development. In this study, a stratified sampling method was used to recruit 396 junior and senior high school mathematics teachers in T city, one of the provincial city in China. A questionnaire with high reliability and validity developed prior to the study by the researchers was employed to measure their autonomous learning capacity and differences across groups. Twelve teachers were then selected for interviews. The results showed satisfactory overall performance. (...) By subdimension, teachers’ performance was the best in the development of study plans, followed by evaluation of learning outcomes, while they needed improvement in learning habit formation and proficiency in using learning methods. Furthermore, the analysis of differences across groups indicated that for autonomous learning capacity, female teachers were significantly better than their male peers; junior high school teachers were better compared to those in senior high school; teachers aged 41–50 underperformed those aged 51 and above; teachers who work in rural areas and townships did not perform worse than urban teachers; and those with doctoral degrees did not demonstrate considerable advantage over others. There were no significant differences in the overall autonomous learning capacity across years of teaching and job title groups. However, in the subdimensions, those with 21–30 years of teaching experience had lower proficiency in using learning methods and evaluation of learning outcomes, and teachers with senior titles did not demonstrate expected advantages in learning habit formation. (shrink)

這部書論述的主題，是從歷史與思維活動兩個角度，對人的存在所牽涉的種種問題，進行探討。我們對本書主題的契入方式，是放在對人本身的兩個層次的瞭解之上。第一個層次是：由於人類是理性的動物，思考是隸屬於人性的 自然活動。我們是自然的思考者，我們也是歷史的思考者；第二層面則是：我們每天的生活中，牽涉到許多人和事，經由我們每天所接觸的人與事的累積而形成歷史，所以，歷史也是人性的自然。所以，人類是歷史與理性的動物 ，理性與歷史是人性中的兩個基本特點。這部書稿之所以訂名為《歷史與思考》，便是奠基於人性中這兩個基本特質之上。.

It is widely held that there is an asymmetry between our access to our minds and our access to others’ minds. Philosophers in the literature tend to focus on the asymmetry between our access to our mental states and our access to those mental states of others that are not shared by us. What if a mental state can have multiple subjects? Is there still an asymmetry between our access to our mental states and our access to those mental states (...) of others that are also ours? In this paper, I discuss the implications of a case of shared consciousness—the case of the Hogan twins—for asymmetry. I start by clarifying the notion of asymmetry. Here I develop a characterization of asymmetry and argue that it is preferable to the standard approaches in the literature. I then present the twins’ case and argue that it does not threaten asymmetry. I close by drawing some lessons. (shrink)

Using data from China, where the identity of engagement auditors is disclosed, we find significant relationships between engagement auditors’ negative experiences and the costs of corporate bonds. Further tests differentiate field and review auditors’ experiences, and we find that both field and review auditors’ negative experiences are significantly related to higher costs of corporate bonds. In addition, we find that the above results are significant only when the engagement auditors are affiliated with non-Big10 audit firms. Using path analysis, we find (...) that credit rating is a possible channel through which information on engagement auditors’ negative experiences can transfer to bond investors. Regarding non-price terms, we conclude that engagement auditors with negative experiences are associated with smaller bond sizes, shorter bond maturities, a higher likelihood of requiring collateral, and more restrictive covenants. Further analyses also show that the effects of engagement auditors’ negative experiences on the costs of corporate bonds are less pronounced for well-governed firms. To show that our results obtained from China’s corporate bond market are relevant to loan markets, we replicate the above tests using a Chinese sample, and the results from the loan market are consistent with those from the corporate bond market. Overall, our empirical results suggest that investors are indeed concerned with engagement auditors’ negative experiences. (shrink)

In 20th century, many philosophers were excited by new discoveries in natural science, and held some kind of thoughts of indeterminacy. The trend is opposite to the traditional pursuit of certainty with a dogmatic character. However, through analyzing Quine’s theory of indeterminacy of translation, as well as the ideas of indeterminacy what Rorty and Putnam have developed forward, the article will argue that: their conclusions of indeterminacy inferred from the observationsentences are questionable; indeterminacy perhaps is materialized so that they similarly (...) maintain, in another way, an ontological custom about which they have made a great effort to criticize; therefore, their some philosophical statements maybe have also implied a dogmatic inclination; indeterminacy has possibly become another ‘unempirical dogma of empiricists’. (shrink)

ABSTRACT Academic dishonesty has remained high in Chinese college students. We examined Chinese college senior students’ everyday academic practices, especially academic dishonesty, considering the contextual changes inside and outside higher learning settings in China. Data were collected from 120 college seniors from four universities and were analyzed using a qualitative content-based exploratory approach in NVivo 10. Three themes were identified, including college seniors’ perceptions of academic dishonesty, contextual influences on academic dishonesty, and seniors’ personal attitudes about academic misconduct. Interview results (...) indicated that the contextual changes have reduced cheating both at the national level and at the college level; however, some contextual factors stubbornly remain unchanged, suggesting that the current, contextual climate on and beyond the Chinese college campuses should be restructured, not necessarily exclusively using top-down approaches. A theoretical model was provided to illustrate mechanisms associated with these students’ academic misconduct. Suggestions are discussed regarding future research and implications made for university personnel practice. (shrink)

When you have a conscious experience—such as feeling pain, watching the sunset, or thinking about your loved ones—are you aware of the experience as your own, even when you do not reflect on, think about, or attend to it? Let us say that an experience has “mineness” just in case its subject is aware of it as her own while she undergoes it. And let us call the view that all ordinary experiences have mineness “typicalism.” Recently, Guillot has offered a (...) novel argument for typicalism by leveraging the relation between self-knowledge and self-awareness. She starts by arguing that all ordinary experiences give their subjects immediate justification to believe that their experiences are their own. She then argues that this can be explained by typicalism. In this paper, I argue that her argument fails. I start by clarifying the notion of mineness and giving more details about her argument. I then explain why her argument fails by raising doubts about whether typicalism explains the target explanandum. I close by considering some implications of our discussion for self-knowledge. (shrink)

In the paper we construct a new kind of fractional dynamical model, i.e. the fractional relativistic Yamaleev oscillator model, and explore its dynamical behaviors. We will find that the fractional relativistic Yamaleev oscillator model possesses Lie algebraic structure and satisfies generalized Poisson conservation law. We will also give the Poisson conserved quantities of the model. Further, the relation between conserved quantities and integral invariants of the model is studied and it is proved that, by using the Poisson conserved quantities, we (...) can construct integral invariants of the model. Finally, the stability of the manifold of equilibrium states of the fractional relativistic Yamaleev oscillator model is studied. The paper provides a general method, i.e. fractional generalized Hamiltonian method, for constructing a family of fractional dynamical models of an actual dynamical system. (shrink)

Divergences and controversies are inevitable in the discussion of freedoms and rights, especially in the matter of reproduction. The Chinese first social egg freezing lawsuit raises the question: is the freedom to freeze eggs for social reasons justified because it is an instance of reproductive rights? This paper accepts social egg freezing as desirable reproductive freedom, but following Harel's approach and considering two theories of rights, the choice and interest theories of rights, we argue that social egg freezing is not (...) a reproductive right because one cannot justify a right or an instance of rights via merely describing the function of those instances that have been justified as right, that is, the choice theory lacks justifying normativity. Since reserving fertility and a suspension from reproduction do not serve reproductive ends per se, the sufficient reason for demanding social egg freezing as a right should be found in other ends rather than in right‐to‐reproduce, that is, the interest theory denies the demand as a right‐to‐reproduce. Permitting it on any grounds without guaranteeing adequate and accessible resources, especially in light of cross‐border reproductive care, raises serious questions about reproductive equality and violates the idea of reproductive rights. Therefore, any ground for social egg freezing should be weighed against whether more pressing reproductive needs, specifically those that are justified as rights, have been met. It would be social progress to shoulder these burdens for the vulnerable and then allow social egg freezing—if right‐to‐reproduce were not the only privilege of the few. (shrink)

Since the transparency approach to introspection need not posit a dedicated mechanism specialized for detecting one’s own mental states, its economy is often viewed as a major advantage by both proponents and opponents. But sometimes economy comes at the cost of relying on controversial views of the natures of mental states. Perceptual experience is a case in point. For example, Alex Byrne’s account relies on the view that experience constitutively involves belief, and Matthew Boyle’s account relies on the view that (...) experience constitutively involves a form of implicit consciousness of experience. In this paper, I develop a transparency account of our access to our experiences that retains the benefit of economy while avoiding the cost of relying on controversial views of the nature of experience. I start by discussing Byrne’s and Boyle’s accounts. I focus on the problems that lead them to hold the controversial views they do, and raise some challenges to their solutions. I then develop my own account. I argue that when you attend to an object, your experience gives you justification to believe that you see the object (under some descriptions). I close by highlighting some advantages of my account. I argue that it (1) can solve the problems facing Byrne and Boyle without relying on controversial views of the nature of experience; (2) respects the idea that there is something special about our access to our minds; and (3) can be generalized to other cases of introspection. (shrink)

Background As noise brings great error in the analysis of metallographic images, an adaptive weighted mean filtering method proposed to overcome the shortcomings of the standard mean filtering method. Methods The method used to detect the pulse noise points in the image, and then the modified mean method used to filter out the detected noise points. Patents on metallographic image processing have discussed for the development of the proposed methodology. Results It is shown that filter window can be filtered in (...) comparison with the conventional 3×3, 5×5 and 7×7 filt window to reduce noise detection and reduce the complexity of the weight calculation. Conclusion It can be concluded that this method can better protect the details of the image, has better filtering effect than the standard mean filtering, and its processing speed is faster than the median filtering of the large window, which has profound significance for the edge detection and processing of the metallographic image. (shrink)

From the perspective of the integrative model of organizational trust, this study proposes a multi-level model for whether, how, and when differentiated empowering leadership influences followers’ trust in leaders and their work outcomes. Drawing on a sample of 372 followers from 97 teams in China, it was found that the negative effect of differentiated empowering leadership on followers’ trust in leaders became salient when followers’ Chinese traditionality was low. Moreover, followers’ trust in leaders mediated the effect of differentiated empowering leadership (...) and Chinese traditionality on followers’ in-role performance, extra-role performance, and counterproductive work behaviors toward the organization. These findings have implications for managerial theory and practice in the domains of trust and differentiated empowering leadership. (shrink)

We present a unified look at myopic stability concepts for hedonic games, and discuss the status of the existence problems of stable coalition structures. In particular, we show that contractual strictly core stable coalition structures always exist, and present a sufficient condition for the existence of contractually Nash stable coalition structures on the class of separable games.

本书介绍了康德至善概念的含义是什么?是自由和自然的一致。基于至善而设定的上帝存在的含义是什么?只有当自由和自然协调为一时,上帝才会降临。.

Sydney Shoemaker argues that a certain class of self-ascriptions is immune to error through misidentification relative to the first-person pronouns. In their “Self-Consciousness and Immunity,” Timothy Lane and Caleb Liang question Shoemaker’s view. Lang and Liang present a clinical case and an experiment and argue that they are counterexamples to Shoemaker’s view. This paper is a response to Lane and Liang’s challenge. I identify the desiderata that a counterexample to Shoemaker’s view must meet and show that somatoparaphrenia and the Body (...) Swap Illusion fail to meet those desiderata. Thus, despite being puzzling phenomena, somatoparaphrenia and the Body Swap Illusion are not counterexamples to Shoemaker’s view. (shrink)

To explain perceptual justification, McDowell proposes so-called “conceptualism,” the view that the content of experience is all conceptual. Tony Cheng, in his book, John McDowell on Worldly Subjectivity (2021), suggests that McDowell can do without conceptualism. To support his suggestion, Cheng makes several contentions against McDowell’s thesis of the co-extensiveness of conceptuality and rationality. In this commentary, I focus on two most crucial contentions Cheng makes: (i) conceptualism is an extra commitment for explaining perceptual justification and (ii) it can be (...) replaced by a suitable structural constraint on non-conceptual content. First, I clarify McDowell’s co-extensiveness thesis and his conception of the conceptual. Then, based on my clarifications, I defend conceptualism against the two contentions. (shrink)

Writing firmly in the Reformed tradition, Professor Shao Kai Tseng presents a reinterpretation and critical appreciation of Kant-whose complex philosophy gave rise to the secularization of modern society.

To do theology in the twenty-first century, we must understand Hegel. In this accessible introduction, Tseng examines the philosopher's significant influence on European thought in general and Protestant theology in particular.

Name der Zeitschrift: Neue Zeitschrift für Systematische Theologie und Religionsphilosophie Jahrgang: 61 Heft: 1 Seiten: 32-50.

Name der Zeitschrift: Neue Zeitschrift für Systematische Theologie und Religionsphilosophie Jahrgang: 60 Heft: 2 Seiten: 185-207.

Social network analysis has gained increasing academic attention in the construction domain over the past two decades due to its capability to characterize the complexity and dynamics of interindividual and interorganizational interactions. To date, however, scant attempt has been made to develop an integrated framework to systematically review the diversified network research at different levels in this domain and to quantitatively characterize the evolution of related research interests and research instruments. This study aims to fill this gap by conducting a (...) bibliometric-qualitative review based on 106 papers published from 1997 to 2020. Keyword cooccurrence analysis is employed to reveal the research foci, identify the research trends, and develop a comprehensive categorization framework, which classifies related research based on two interrelated dimensions: the type of network node and the levelof network analysis. The framework then facilitates further content analysis in terms of research topics, research designs, and research instruments. The results provide evidence that the research foci in this domain are generally moving towards addressing the complexity and dynamics of project-related relations at more diversified levels, in terms of not only research topics but also research instruments. Future research can be enriched by investigating the multiple types of dynamic interproject relationships, adopting state-of-the-art methodologies for network data collection and triangulation, and employing multiple SNA constructs and inferential statistical methods to reveal how complex networks coevolve and interact with actors’ behaviors as well as project and organizational outcomes. (shrink)

With the rapid development of mobile devices, users can now read on the screen. Electronic reading has become a common reading style with the growth in online learning or electronic learning. E-book applications are widely developed and applied for reading on a screen. However, it is difficult for readers to change their reading habits or preference from paper-printed books to digital devices. The study of readers' continuance intention to use e-book APPs is the first step to improving e-reading. This study (...) focuses on the influential factors on undergraduates' continuance intention of e-book APPs, which analyzed and summarized the literature related to the electronic book applications and undergraduates' continuous intention, combined with the characteristics of the e-book APPs, introduced relevant theories and variables, and established the factors that influence undergraduates' continuous intention of using e-book APPs. On this basis, the paper analyzed the relationship between various influencing factors and their influence on continuous intention. A model composed of five hypotheses was constructed to test the factors influencing undergraduates' continuous intention in e-book APPs. The results indicated that of all research variables, satisfaction is the most important factor that affects continuous intention; Perceived usefulness and perceived playfulness have an indirect effect on continuous intention through satisfaction; personalization has direct effects on perceived usefulness and perceived playfulness, so it also has an indirect effect on continuous intention. The findings of the study will be helpful for designers and developers of e-book APPs and provide e-book APP suggestions for readers as well. (shrink)

This paper studies the fixed-time trajectory tracking control problem of robot manipulators in the presence of uncertain dynamics and external disturbances. First, a novel nonsingular fixed-time sliding mode surface is presented, which can ensure that the convergence time of the suggested surface is bounded regardless of the initial states. Subsequently, a novel fast nonsingular fixed-time sliding mode control is developed so that the closed-loop system is fixed-time convergent to the equilibrium. By applying the proposed NFNFSMC method and the adaptive technique, (...) a novel adaptive nonsingular fixed-time control scheme is proposed, which can guarantee fast fixed-time convergence of the tracking errors to small regions around the origin. With the proposed control method, the lumped disturbance is compensated by the adaptive technique, whose prior information about the upper bound is not needed. The fixed-time stability of the trajectory tracking control under the proposed controller is proved by the Lyapunov stability theory. Finally, corresponding simulations are given to illustrate the validity and superiority of the proposed control approach. (shrink)