This study is based on the situation of Taiwan listed companies as derivative financial products from 2015 to 2017, analyzing the relationship between the hedging of derivative financial products and characteristics of enterprises and the factors that affect the hedging decision-making of companies. It is found that even after the announcement of Taiwan’s No. 34 and No. 36 bulletins, there are still some problems that are needed to improve in the disclosure of derivative financial product investment information by Taiwan’s listed (...) companies, at least in the disclosure of the reasons for this conduct which is still insufficient. In this study, two-stage regression analysis method is applied to empirical analysis, and it is found that hedging activities are related to corporate characteristics, such as expected financial crisis costs, corporate size, equity issues, growth investment opportunities, and information asymmetry. In the investment of derivative financial products, enterprises should evaluate their own financial characteristics as a reference for the risk avoidance decision. At the same time, it is necessary to investigate different natures of hedging tools used in appropriate risk categories, so as to fully achieve the hedging effect and maximize the hedging benefits. This study also found that companies with higher growth investment opportunities, larger size, and higher financial crisis costs will tend to use derivative financial products for hedging. As for the impact of other industries, it is found that the electronic and electrical machinery industries are more active than other industries in hedging behaviors of undertaking derivative financial products’ transaction. (shrink)

Wang Ch'ung, a materialist of the early Eastern Han period, was a progressive thinker who publicly raised the militant banner of "attacking Confucius" and "criticizing Mencius.".

How the Tao applies to the ecological understanding of the human environment for the purpose of human well-being as well as for the hannony of nature is an interesting and crucial issue for both environmentalists and philosophers of the Tao. I formulate five basic axioms for an environmental ethic of the Tao: the axiom of total interpenetration; the axiom of self-transformation; the axiom of creative spontaneity; the axiom of a will not to will; and the axiom of non-attaching attachment. I (...) show that each axiom generates important consequences for environmental ethics and that together they provide a necessary foundation for environmental ethics. (shrink)

Lü-shih ch'un-ch'iu [Spring and Autumn of the House of Lü] appeared on the scene in 239 B.C. This was the latter part of the Warring States period. Our country's transition from slavery to feudalism had already been basically completed, but chaotic wars of secession among the feudal princes still occurred. Remnant forces of the slave system were still quite strong, and the restoration-counterrestoration struggle between the declining slave-owning class and the newly emerging landlord class was proceeding violently. Lü Pu-wei was (...) a careerist and plotter of the declining slave-owning class and a representative of the Confucians. In response to the needs of the slave-owning class's counterrevolutionary restoration, Lü adopted the tactic of "attacking the mind." He sneaked into the government of the newly emerging landlord class in the state of Ch'in and played the role of an ardent vanguard for restoration. This big commercial slave owner, who had originally run around among Ch'in, Chao, and other states, had amassed thousands of gold pieces at home and possessed more than ten thousand slaves. He played around with political conspiracies and became chancellor of the state of Ch'in. Before King Ying Cheng of Ch'in personally took power in 238 B.C., political power fell for a time into Lü's hands. Lü Pu-wei worked in collusion with Lao Ai, a eunuch he sponsored, and joined the industrial and commercial slave owners and the aristocratic slave owners to form a frenzied restorationist force. On the one hand, they formed factions to strengthen private interests, expanded their power, and prepared for an armed coup d'état. On the other hand, they took in riff-raff [literally, people who had surrendered and rebelled], assembled Confucian scholars, set to work on ideology, and grandly created public opinion for the restoration of the slave system. At that time, a reactionary adverse current favoring the restoration of the slave system hung over the state of Ch'in. Lü-shih ch'un-ch'iu, which was compiled under Lü's direction by his retainers, was the product of this adverse current. (shrink)

I am a worker. Not long ago I began to study Marxism-Leninism and Chairman Mao's works. In order to meet my needs in study and to follow lectures, I read several articles carried in Philosophical Research. I think I have been somewhat enlightened with regard to philosophy. Several articles on the identity between thinking and existence were carried in the latest issues of this journal. Issues Nos. 4 and 5 carried Comrade Chiang Li-ch'ün's article "Is There Identity Between Erroneous Thinking (...) and Existence?" After reading this article, I remembered many past events in work and production activity and then formed my views on this subject. Now I place my views before my comrades. As my cultural level is low, my views may be erroneous. I hope that they will spare no criticism of my views. In the following paragraphs I will take issue with Comrade Chiang Li-ch'ün primarily on the question of whether there is identity between erroneous thinking and existence. (shrink)

Introduction: Confucianism as humanism. Confucianism as a religion. The spirit of Confucianism.--Confucius.--Mencius.--Hsün Tzu.--Ta hsüeh (The great learning)--Chung yung (The doctrine of the mean)--Hsiao ching (The classic of filial piety)--Li chi (The book of rites)--Tung chung-shu.

This volume offers a comprehensive overview of the status of the Buddhist tradition in a contemporary and global context. Buddhist experts from several Asian and Western nations address a number of ethical problems from the Buddhist perspective, including medical and environmental ethics, feminism, the social impacts of materialism, and ethnic minorities. All major schools of Buddhism are represented--Mahayana, Theravada, and Vajrayana--as well as a variety of sects such as Ch'an/Zen, Lojong, and Pure Land.