Ethics in Business organizations is a multidimensional process involving decision-making, leadership and institution building. The relatively simpler ethics of day-to-day decisions has to be reflected upon in the context of corporate desire for continuity, embedded in the values of a progressive society. At the operating level, the multivalence of decision situations is emphasized in place of the simple good — bad or cost — benefit dichotomies. A decision tree framework is presented to reflect the richness of the decisions. At the (...) corporate level, the concept of responsive strategy as a synthesis of vision, power, and responsibility is proposed. In this, the crucial role of leaders cannot be over-emphasized. Finally, at the societal level, the evolution of capitalism and its corporate forms is seen as a milestone in people''s search for enlightened ways to achieve refined ends. As more businesses assert their rightful roles in society, progressive institutional forms more in tune with the values of the twenty-first century should emerge. (shrink)

Outside directors’ regular board meeting attendance is important in improving the effectiveness of a governance system. Such attendance is evidence of their commitment to the firm as key other players in monitoring and decision making. Using a unique dataset for Korean firms, and three-level random coefficients models, we find that, foreign outside directors, an independent appointment process, professional knowledge of business operations and accumulated firm-specific knowledge are important factors that affect outside directors’ attendance of board meetings. The results also confirm (...) that both outside directors’ personal characteristics and the social context are crucial in understanding their board meeting attendance. Further analysis shows that a positive corporate environment that supports the outside director system encourages outside directors’ attendance at board meetings. (shrink)

Debt-ridden corporate growth and increased vulnerability was one of the causes of the 1997 financial crisis in Korea. Introduction of the outside director system has been the core part of the board reforms following the crisis. Our estimation using instruments obtained from a natural experiment illustrates that outside monitoring has improved capital structure of firms even when we control for the leverage regulation effect, enhanced compliance with leverage regulation and thus reduced business risks, and reduced excessive growth and excessive investment (...) more consistently for the top 10 largest chaebols than non-chaebol firms and smaller sized chaebol affiliates. Our results shed some light on why existing studies report the positive effect of outsiders on firm value and add value to existing agency theory by illustrating that the effect of improved governance on capital structure could be non-linear. (shrink)

This edited collection is an ecumenical exploration of the theological virtues of faith, hope, and love by eight distinguished theologians. It deepens the theological virtues for today by integrating them into the context of the urgency of justice while also discussing justice in the context of faith, hope, and love.

In this essay I present the postmodern phenomenological approach of Levinas, Derrida, and Marion to the problem of naming the unnameable God. For Levinas, God is never experienced directly but only as a third person whose infinity is testified to in the infinity of responsibility to the hungry. For Derrida, God remains the unnameable "wholly other" accessible only as the indeterminate term of pure reference in prayer. For Marion, God remains the object of "de-nomination" through praise. In all three, the (...) problem of naming the unnameable God is necessarily linked to how we relate to fellow human beings, to the hungry in Levinas, justice in Derrida, and charity in Marion. I also reflect on the merits and adequacy of phenomenology as such for speaking of divine transcendence. (shrink)

In this essay I present the postmodern phenomenological approach of Levinas, Derrida, and Marion to the problem of naming the unnameable God. For Levinas, God is never experienced directly but only as a third person whose infinity is testified to in the infinity of responsibility to the hungry. For Derrida, God remains the unnameable "wholly other" accessible only as the indeterminate term of pure reference in prayer. For Marion, God remains the object of "de-nomination" through praise. In all three, the (...) problem of naming the unnameable God is necessarily linked to how we relate to fellow human beings, to the hungry in Levinas, justice in Derrida, and charity in Marion. I also reflect on the merits and adequacy of phenomenology as such for speaking of divine transcendence. (shrink)

Raimon Panikkar is one of the most sophisticated and most profound among contemporary pluralists of religion. His pluralism is radical because it is rooted in the very nature of things, in the pluralism of being itself, beyond all perspectivalism and indeed beyond truth and falsity taken as intellectual categories. I discuss several issues regarding his position. Is he indeed a pluralist or a monist in disguise? Does he do justice to the uniqueness of each religion? Is he not prematurely introducing (...) the eschatological ideal of the harmony of opposites into the historical world where opposites often produce bloody conflicts? (shrink)

SummaryI offer reflections on the doctrine of justification by faith alone in the light of the many challenges of globalization. I briefly characterize globalization as the new context of contemporary theology in the first part, and go on in the second part to defend its relevance as a radical and total critique of life today in its nihilistic pursuit of creaturely arrogance, greed, and pleasure, and argue for the particular urgency of promoting the love and solidarity of Others beyond the (...) conventional boundaries of identity in a world increasingly suffering from unreconciled pluralism of all sorts, ethnic, religious, cultural, and economic. In the third, longest part I offer a new perspective on the soterioriological significance of „good works“ on the basis of a new relationship between creator and creature, a concrete anthropology of action as mediation between subjectivity and objectivity, and the irreducible involvement of the free and responsible subject in the very believing relationship to God. I try to reinstate „good works“ as the human way, as a free and responsible being, of „participating“ in God’s own redemptive work, not as „cooperating with“ divine grace or as „contributing to“ God’s redeeming work, or as „causing“ one’s own redemption. (shrink)

Reorienting the Political examines the reception of two controversial German philosophers, Carl Schmitt and Leo Strauss, in the Chinese-speaking world. This volume explores the powerful resonance of both thinkers in Chinese political thought from a cross-cultural and interdisciplinary perspective.

Environmental governance has emerged as a recent perspective to explain the link between corporate governance mechanisms and environmental performance such as pollution reduction. We extend current models by incorporating the crucial role of the underlying institutional logics in terms of an a priori focus on either shareholder rights or stakeholder inclusion, which, in turn, can be traced back to the legal origin of a specific country. Using data on a sample of common and civil law countries, we find support for (...) our predictions that a shareholder-focused common law legal origin is associated with significantly higher emissions of CO2, and also that international environmental agreements like the Kyoto protocol seem to have a more pronounced effect in shareholder-centric economies than thus far assumed. (shrink)

In recent years postmodernism has been increasingly emphasizing difference to the point of rejecting anything resembling nature and essence out of fear of oppression and exclusion and for the sake of justice and liberation. In this article I argue that precisely for the sake of justice and liberation difference must be ‘sublated’ – in the Hegelian sense – into the solidarity of the different or others and that such solidarity requires a basis more enduring and more universal than the contingent (...) coincidence of interests shared by members of temporary coalitions. I make this argument by criticizing Derrida and such feminists as Iris Marion Young and Linda Nicholson on philosophical, historical, and strategic grounds. Philosophically, we need solidarity as much as we need difference. Historically, our contemporary challenge is not so much how to appreciate difference as how to find ways of living together for all our differences. Strategically, no group can effect its own liberation without solidarity with other groups. I also reconstitute a concept of human nature on the basis of a synthesis of classical objectivity and modern historicity and disclose solidarity as an essential characteristic of human nature itself that only needs activation, not invention, in the united struggle for justice and liberation.1. (shrink)

In this essay dedicated to the memory of D. Z. Phillips, I propose to do two things. In the first part I present his position on the grammar of God and the language game in some detail, discussing the confusion of "subliming" the logic of our language, the contextual genesis of sense and meaning, the idea of a world view, language game, logic, and grammar internal to each context, the constitution of the religious context, and the grammar of God proper (...) to that context. In the second part I present my appreciative critical reflection by arguing that the conception of context and language game must be made more dialectical, that the grammar of God needs more systematic metaphysical analysis, and that a greater sense of the radical transcendence of God over a language game is necessary in order to avoid reductionism always inherent in any contextual approach. (shrink)

The purpose of this study was to empirically investigate the interrelationships between push and pull factors associated with the consumption of women’s professional basketball games. Multiple factors pertaining to sport consumers’ internal needs, identified as “push” factors, contain various intangible socio-psychological motivations representing an individual’s intrinsic desires that drive consumers toward certain goal-driven behaviors. On the other hand, “pull” factors, related to the supply side, refer to the different aspects of sport products the management of sport teams provides. It is (...) imperative to obtain a better understanding of the push–pull interaction so that sport marketers can design their products to satisfy spectators’ expectations with different needs. Spectators attending WNBA games responded to an on-site survey. CFA was conducted to ensure the psychometric properties of the scales, which showed that the overall model fit the data well. A canonical correlation analysis was performed, and two significant functions were revealed by the dimension reduction analysis. The first function [F = 4.49, p < 0.001]: I-Want-Everything-Consumer suggests that the market segment comprises individuals with multiple needs and expectations, both of which need to be met simultaneously. Thus, sports marketers can satisfy WNBA consumers’ needs by enhancing the quality of tangible pull factors. The second function [F = 2.38, p < 0.001]: Achievement-Seekers revealed that the consumers motivated by vicarious achievement expect game promotion rather than the quality of the opposing team, indicating that sport marketers should provide tailored promotional strategies to satisfy this segment of consumers. Specifically, the findings of this study can be used to segment consumers based upon fan motives and position products accordingly by managing the controllable aspects of sport products. This study provides empirical evidence of the relationship between WNBA consumers’ multiple needs and attributes associated with the WNBA core product. (shrink)

In this essay dedicated to the memory of D. Z. Phillips, I propose to do two things. In the first part I present his position on the grammar of God and the language game in some detail, discussing the confusion of "subliming" the logic of our language, the contextual genesis of sense and meaning, the idea of a world view, language game, logic, and grammar internal to each context, the constitution of the religious context, and the grammar of God proper (...) to that context. In the second part I present my appreciative critical reflection by arguing that the conception of context and language game must be made more dialectical, that the grammar of God needs more systematic metaphysical analysis, and that a greater sense of the radical transcendence of God over a language game is necessary in order to avoid reductionism always inherent in any contextual approach. (shrink)