Drawing on ethical principles of fairness and integrative social contracts theory, moral obligations of fair dealing exist between the firm and all shareholders. This study investigates empirically whether privileged investors of publicly traded firms engage in legal, but morally questionable, trading that at the expense of non-privileged institutional or atomistic investors. In this context, we define privilege as the access to material, nonpublic earnings surprise information. Our results show that the opportunity for procedural unfairness increases with the presence of privileged (...) investors. However, this procedural unfairness does not appear to lead to distributive unfairness even though the level of abnormal trading also increases with the presence of privileged investors. That is, our findings suggest that other shareholders are in fact better off from an outcome perspective given that the abnormal stock price returns upon the announcement of an earnings surprise are either more positive or less negative when the firm has a high proportion of privileged investors. We extract the important implications of our study for future research on the fairness of capital markets and information asymmetry amongst classes of investors, as well as for public policy. (shrink)

This book presents a collection of contemporary discourses that reconsider the relationship of democracy as a political ideology and American ideal and education as the foundation of preparing democratic citizens in America.

The Alien films are steeped in the horror of sexual violence and the effects that it can have on survivors. The films place male viewers into a position they are not usually forced to confront in their own lives, during which they can only wonder what it would be like to have to worry about sexual violence just as much as women. This chapter looks more closely at what it is like for women in both the real world and the (...) world of the Alien films. It shows that rape is more likely to be under reported for male survivors than for females, but the gulf between sexes is still likely to be pretty large, even taking this into account. While the men in these films direct their ugly comments towards female characters like Ripley or the hypothetical colonists' daughters, the aliens themselves are far less discerning. (shrink)

It has become widespread, not only among pastors and conference speakers but also among scholars such as Vern Poythress and John Frame, to utilize the threefold offices of Christ as a typology for church leadership. According to this application of the threefold office, different church leaders possess prophetic, priestly, and kingly capacities in differing degrees, and the most appropriate role for each leader depends on which of these capacities happens to be strongest. According to some proponents, the offices of prophet, (...) priest, and king function as leadership personality types, with prophets identified as those leaders who are gifted as teachers, priests as those who care for people’s needs, and kings as planners and organizers. This article undertakes an exploration of these three leadership roles and contends that, though the munus triplex itself is a venerable and biblical structure, the appropriation of prophet, priest, and king as typological categories for church leadership is not. Through examination both of relevant Old Testament texts and of New Testament appropriations of these offices of leadership, it is demonstrated that the typological categorization of leaders as prophets, priests, or kings falls far short when it comes to biblical support. Particularly absent in Scripture is any clear identification of these offices with specific traits that different church leaders possess in differing degrees. Kingship and priesthood in particular are not individualized traits but a communal identity, shared by the whole people of God and grounded in union with Christ. (shrink)

The article considers how the field of moral welfare and social work empowered religious women, and how these women met the challenge posed by Yeo, ‘to find ways of breaking the material, representational and psychic chains of subordination without reassembling them at the same time in a different form’. Based on an examination of the archival records and reports of these moral welfare organizations the article argues that the spiritual dimension of moral welfare work provided particular resources that empowered women (...) and mitigated the subordinating operation of power in client relationships. These resources were, however, dependent on mutual subscription of religious doctrines, a condition that did not remain stable into the 1960s. (shrink)