This study revisits the relation between corporate performance and corporate social responsibility in the context of a major shift in firms’ credit risk status. Relying on corporate credit rating as a performance indicator, we examine whether firms under the scrutiny of rating agencies trade-off CSR engagement for credit quality improvement. To explore whether firms adjust their CSR engagement after a focal rating change, we focus on the investment–speculative grade threshold because of its importance in accessing the public debt market. We (...) find that firms that lose the investment grade rating subsequently increase CSR engagement. We also uncover that improving CSR engagement helps firms restore their credit ratings ex post. Our findings support the view of CSR engagement as a valuable risk management strategy. (shrink)
This paper discusses two passages from Alexander of Aphrodisias’s commentary on Aristotle’s Topics that are transmitted in Ps-Jābir’s Kitāb al-Nukhab. It argues that the Arabic translation of Alexander’s commentary may have been made from a fuller version than what came down to us in Greek. Especially since the author of the Jābir-corpus form a tradition different from the school of Ḥunayn b. Isḥāq and authors associated to the ‘Baghdad school’, whose earliest figure is Abū Bishr Mattā b. Yūnus, (...) the Arabic fragments of Alexander’s commentary preserved in the Kitāb al-Nukhab promise to shed more light on the early reception of the Topics and the different contexts in which Aristotelian dialectic was studied in the Islamic world. (shrink)
Social and behavioral scientists — that is, students of human nature — nowadays hardly ever use the term ‘human nature’. This reticence reflects both a becoming modesty about the aims of their disciplines and a healthy skepticism about whether there is any one thing really worthy of the label ‘human nature’. For some feature of humankind to be identified as accounting for our ‘nature’, it would have to reflect some property both distinctive of our species and systematically influential enough to (...) explain some very important aspect of our behavior. Compare: molecular structure gives the essence or the nature of water just because it explains most of its salient properties. Few students of the human sciences currently hold that there is just one or a small number of such features that can explain our actions and/or our institutions. And even among those who do, there is reluctance to label their theories as claims about ‘human nature’. Among anthropologists and sociologists, the label seems too universal and indiscriminant to be useful. The idea that there is a single underlying character that might explain similarities threatens the differences among people and cultures that these social scientists seek to uncover. Even economists, who have explicitly attempted to parlay rational choice theory into an account of all human behavior, do not claim that the maximization of transitive preferences is ‘human nature’. I think part of the reason that social scientists are reluctant to use ‘human nature’ is that the term has traditionally labeled a theory with normative implications as well as descriptive ones. (shrink)
Assuming S5, the main controversial premise in modal ontological arguments is the possibility premise, such as that possibly a maximally great being exists. I shall offer a new way of arguing that the possibility premise is probably true.
In The Structure of Biological Science I argued that the theory of natural selection is a statistical theory for reasons much like those which makes thermodynamics a statistical theory. In particular, the theory claims that fitness differences are large enough and the life span of species long enough for increases in average fitness always to appear in the long run; and this claim, I held, is of the same form as the statistical version of the second law of thermodynamics.For the (...) latter law also makes a claim about the long run, and its statistical character is due to this claim: thermodynamic systems must in the long run approach an equilibrium level of organization that maximizes entropy. Over finite times, given local boundary conditions, an isolated mechanical system, like the molecules in a container of gas, may sometimes interact so as to move the entropy of the system further from, instead of closer to the equilbrium level. But given enough interacting bodies, and enough time, the system will always eventually move in the direction prescribed by the law. Thus, we can attach much higher probabilities to the prediction that non-equilibrium systems will reflect greater entropy in future periods than we can to predictions that they will move in the opposite direction. And as we increase the amount of time and the number of bodies interacting, the strength of the probability we can attach to the prediction becomes greater and greater. (shrink)
“Ex nihilo nihil fit,” goes the classic adage: nothing comes from nothing. Parmenides used the Principle of Sufficient Reason to argue that there was no such thing as change: If there was change, why did it happen when it happened rather than earlier or later? “Nothing happens in vain, but everything for a reason and under necessitation,” claimed Leucippus. Saint Thomas insisted in the.
A recombinationist like the earlier Armstrong (1989) claims that logically possible worlds are recombinations of items found in the actual world, with some items reduplicated if need be and others deleted. An immediate consequence of this is that if an..
Some, notably Peter van Inwagen, in order to avoid problems with free will and omniscience, replace the condition that an omniscient being knows all true propositions with a version of the apparently weaker condition that an omniscient being knows all knowable true propositions. I shall show that the apparently weaker condition, when conjoined with uncontroversial claims and the logical closure of an omniscient being's knowledge, still yields the claim that an omniscient being knows all true propositions.
This is a rewarding book. In terms of area, it has one foot firmly planted in metaphysics and the other just as firmly set in the philosophy of science. Nature's Metaphysics is distinctive for its thorough and detailed defense of fundamental, natural properties as essentially dispositional and for its description of how these dispositional properties are thus suited to sustain the laws of nature as (metaphysically) necessary truths.
It is widely accepted that divine creation of human beings is compatible with evolutionary theory, except perhaps in regard of the human soul, and that neo-Darwinian evolutionary theory provides an explanation of speciation and of complex features of organisms that undercuts Paley-style teleological arguments, whether or not the evolutionary mechanisms are truly random or deterministic. I will argue that a plausible understanding of the doctrine of creation of human beings is either logically or rationally incompatible with full evolutionary theory, even (...) if one does not take souls into account. Consequently, a theist needs to move to a weaker version either of the creation doctrine or of evolutionary theory, or both. (shrink)
The production of a number of vaccines involves the use of cell-lines originally derived from fetuses directly aborted in the 1960s and 1970s. Such cell-lines, indeed sometimes the very same ones, are important to on-going research, including at Catholic institutions. The cells currently used are removed by a number of decades and by a significant number of cellular generations from the original cells. Moreover, the original cells extracted from the bodies of the aborted fetuses were transformed to produce the cell (...) lines, since otherwise they would be incapable of the kind of culturing that is required. (shrink)
Is a government required or permitted to redistribute the gains and losses that differences in biological endowments generate? In particular, does the fact that individuals possess different biological endowments lead to unfair advantages within a market economy? These are questions on which some people are apt to have strong intuitions and ready arguments. Egalitarians may say yes and argue that as unearned, undeserved advantages and disadvantages, biological endowments are never fair, and that the market simply exacerbates these inequities. Libertarians may (...) say no, holding that the possession of such endowments deprives no one of an entitlement and that any system but a market would deprive agents of the rights to their endowments. Biological endowments may well lead to advantages or disadvantages on their view, but not to unfair ones. I do not have strong intuitions about answers to these questions, in part because I believe that they are questions of great difficulty. To begin, alternative answers rest on substantial assumptions in moral philosophy that seem insufficiently grounded. Moreover, the questions involve several problematical assumptions about the nature of biological endowments. Finally, I find the questions to be academic, in the pejorative sense of this term. For aside from a number of highly debilitating endowments, the overall moral significance of differences between people seems so small, so I interdependent and so hard to measure, that these differences really will 1 not enter into practical redistributive calculations, even if it is theoretically i permissible that they do so. Before turning to a detailed discussion of biological endowments and their moral significance, I sketch my doubts about the fundamental moral theories that dictate either the impermissibility or the obligation to compensate for different biological endowments. (shrink)
The free-will defence holds that the value of significant free will is so great that God is justified in creating significantly free creatures even if there is a risk or certainty that these creatures will sin. A difficulty for the FWD, developed carefully by Quentin Smith, is that God is unable to do evil, and yet surely lacks no genuinely valuable kind of freedom. Smith argues that the kind of freedom that God has can be had by creatures, without a (...) risk of creatures doing evil. I shall show that Smith's argument fails – the case of God is disanalogous to the case of creatures precisely because creatures are creatures. (shrink)
A certain order or stability of nature has often been seen as a necessary presupposition of many of our scientific practices, in particular of our use of information gained in one kind of circumstance to explain or predict what happens in quite different situations. John Maynard Keynes and, more recently, Nancy Cartwright have argued that these practices commit us to the existence of stable ‘atoms’ or ‘natures’ or ‘tendencies.’ The phenomena we observe in nature are, on this view, the result (...) of superimposing the invariable, context-independent effects of all the different tendencies involved. (shrink)
In the Museum of Science and Technology in San Jose, California, there is a display dedicated to advances in biotechnology. Most prominent in the display is a double helix of telephone books stacked in two staggered spirals from the floor to the ceiling twenty-five feet above. The books are said to represent the current state of our knowledge of the eukaryotic genome: the primary sequences of DNA polynucleotides for the gene products which have been discovered so far in the twenty (...) years since cloning and sequencing the genome became possible. (shrink)
The cosmos is filled with evil that seemingly has no redeeming value. Granted, some evils do lead to greater goods, sometimes goods that could not exist without the evils. Thus, the exercise of courage is a good that requires either an actual evil to stand firm in the face of or the illusion of an evil—and an illusion is a kind of evil, too. But many evils appear to serve no such purpose. Philosophers call an evil that a supremely good (...) God would have insufficient reason to permit to exist a gratuitous evil. A particularly powerful form of the argument from evil against the existence of the God of Western monotheism is, thus, that there.. (shrink)
I argue that an examination of the analogy between the notion of a bug and that of a genetic defect supports an analogy not just between a computer program and DNA, but between a computer program designed by a programmer and DNA. This provides an analogical teleological argument for the existence of a highly intelligent designer.
This volume contains the Arabic translations of a lost treatise by Alexander of Aphrodisias "On the Principles of the Universe" with English translation, introduction and commentary. It also includes an Arabic and Syriac glossary. The introduction and commentary deal in detail with the manuscripts, the translators and the exegetical tendencies of the text, as well as with its reception in Arabic philosophy. The main theme of the work is the motion of the heavenly bodies and their influence on the (...) physical world. (shrink)
I argue that standard functionalism leads to absurd conclusions as to the number of minds that would exist in the universe if persons were duplicated. Rather than yielding the conclusion that making a molecule-by-molecule copy of a material person would result in two persons, it leads to the conclusion that three persons, or perhaps only one person, would result. This is absurd and standard functionalism should be abandoned. Social varieties of functionalism fare no better, though there is an Aristotelian variety (...) of functionalism that accepts irreducible finality that escapes this particular reductio. (shrink)
There is an underlying assumption in the social sciences that consciousness and social life are ultimately classical physical/material phenomena. In this ground-breaking book, Alexander Wendt challenges this assumption by proposing that consciousness is, in fact, a macroscopic quantum mechanical phenomenon. In the first half of the book, Wendt justifies the insertion of quantum theory into social scientific debates, introduces social scientists to quantum theory and the philosophical controversy about its interpretation, and then defends the quantum consciousness hypothesis against the (...) orthodox, classical approach to the mind-body problem. In the second half, he develops the implications of this metaphysical perspective for the nature of language and the agent-structure problem in social ontology. Wendt's argument is a revolutionary development which raises fundamental questions about the nature of social life and the work of those who study it. (shrink)
Die Untersuchung analysiert deswegen nach einem einleitenden Vorschlag zur Bestimmung des Verhältnisses von Logik und Metaphysik im Anschluss an Leibniz Baumgartens Erkenntnistheorie in ihrer charakteristischen Komplementarität von Ästhetik und Logik, die das gesamte Feld aller möglichen Gewissheit, d. h. des Bewusstseins der Wahrheit der verschiedensten Erkenntnisse, abdecken. Darüber hinaus erörtert sie auch deren mögliche Gegenstände, nämlich die Beschaffenheit der Dinge, wie sie das Wissen Gottes als eine ideale Metaphysik enthielte. Auf der Grundlage einer Ontologie teilweise unbestimmer aktualer Existenz kommt Baumgarten (...) zu einer kosmologischen Theorie monadischer Bewegtheit aller körperlichen Dinge. Sie führt zu einer Psychologie des Erkennens und Handelns, aus der ein indeterministischer Begriff menschlicher Willensfreiheit folgt, die auch von Gottes Allwissen nicht beschränkt wird. (shrink)
Do the sciences aim to uncover the structure of nature, or are they ultimately a practical means of controlling our environment? In Instrumental Biology, or the Disunity of Science, Alexander Rosenberg argues that while physics and chemistry can develop laws that reveal the structure of natural phenomena, biology is fated to be a practical, instrumental discipline. Because of the complexity produced by natural selection, and because of the limits on human cognition, scientists are prevented from uncovering the basic structure (...) of biological phenomena. Consequently, biology and all of the disciplines that rest upon it--psychology and the other human sciences--must aim at most to provide practical tools for coping with the natural world rather than a complete theoretical understanding of it. (shrink)
This book provides a comprehensive guide to the conceptual methodological, and epistemological problems of biology, and treats in depth the major developments in molecular biology and evolutionary theory that have transformed both biology and its philosophy in recent decades. At the same time the work is a sustained argument for a particular philosophy of biology that unifies disparate issues and offers a framework for expectations about the future directions of the life sciences. The argument explores differences between autonomist and anti-autonomist (...) views of biology. The result is a vindication of reductionism, but one that is unexpectedly hollow. For it leaves the exponents of the autonomy of biology from physical science with as much as their view of biology really requires - and rather more than the reductionist might comfortably concede. Professor Rosenberg shows how the problems of the philosophy of biology are interconnected and how their solutions are interdependent, However, this book focuses more on the direct concerns of biologists, rather than the traditional agenda of philosophers' problems about biology. This departure from earlier books on the subject results both in greater understanding and relevance of the philosophy of science to biology as a whole. (shrink)
Beware false humanists -- The view from our henhouse -- Reject the gurus advising you how to live-before it's too late -- The race to become a victim -- Choosing the final freedom -- Ritual versus death -- Suicide attractively packaged -- The presumption of innocence -- Wisdom trapped in authority -- In praise of unambiguity -- Adding by subtracting, or subtractive epistemology -- The war on loneliness -- Embodied cognition -- Mr. Hyde-the dark side of the placebo effect -- (...) A miracle cancer prevention and treatment -- About the elephant, the blind men and psychotherapy -- Rocking chair with fan, or the construction of psychotherapy -- The principle of Primum non nocere in psychotherapy. (shrink)