Event studies are vital analytical tools used to gauge if unusual investment returns result from events within defined time frames. This article explores events marked by the disclosure of administrative penalties imposed on South African publicly traded financial institutions between 2011 to 2021 due to non-compliance with regulations. Results reveal statistically significant abnormal returns occur in at least 70% of cases, with negative events like fines correlating with negative returns. The findings emphasise the impact of regulatory fines on the performance (...) of listed financial institutions. Banks are advised to monitor and manage conduct risk systematically and carefully. (shrink)

Event studies are vital analytical tools used to gauge if unusual investment returns result from events within defined time frames. This article explores events marked by the disclosure of administrative penalties imposed on South African publicly traded financial institutions between 2011 to 2021 due to non-compliance with regulations. Results reveal statistically significant abnormal returns occur in at least 70% of cases, with negative events like fines correlating with negative returns. The findings emphasise the impact of regulatory fines on the performance (...) of listed financial institutions. Banks are advised to monitor and manage conduct risk systematically and carefully. (shrink)

Der Band versammelt Beiträge, die die Konstruktivität wissenschaftlicher Theoriebildung in ihrem Verhältnis zur Körperlichkeit des Menschen thematisieren. Dazu stellt das Buch mit dem Fahrrad ein technisches Gerät , eine Maschine in den Mittelpunkt, die die Körperlichkeit des Menschen in paradigmatischer Weise aufgreift. In vier Teilen zum Fahrrad, zur Person, zum Organismus und zur Konstruktion entwickeln die Autoren verschiedene miteinander korrespondierende empirische und philosophische Zugangsweisen. Die Autoren verbindet das gemeinsame Anliegen, eines kritische Analyse ihres Gegenstandsbereiches mit Blick auf den Körper zu (...) entwickeln. (shrink)

“[T]here is something rotten at the heart of medicine” —this is one of the central statements of Jeffrey Paul Bishop in his book The Anticipatory Corpse. Medicine, Power and the Care of the Dying. The obvious, if somewhat morbid, thought that “rotten” would refer to the decaying body as the central subject of investigation is, however, misleading. Instead, Bishop aims to demonstrate that the modern trend of medicalizing dying and death is the wrong way.The book explores contemporary medicine’s practices, their (...) historical evolvement, and their underpinnings with regard to the care of the dying. Informed by Foucault’s genealogy of medicine, the book argues that the dead body has become the epistemologically normative body for medicine: medical knowledge of the living body is derived from investigating the dead body. With the help of autopsies, medicine has learned to view life as “matter in motion” and people as moving machines with interchangeable parts. Furthermore, medicine has .. (shrink)

The article takes up J. P. Arnason's basic theoretical assumption that the western trajectory to modernity marks only one possibility of the modern constellation and that modernity has to be pluralized. Arnason's differentiation between a civilizational paradigm and a civilizational horizon allows us to acknowledge the ambivalent perceptions of modernity prevalent in the colonial and postcolonial encounter and gives space for counter-paradigms of modernity. Through a brief discussion of Indian reflections on modernity (P. Chatterjee, J. Alam) I want to argue (...) that the aspect of agency, marginalized in the philosophical and sociological debate on multiple modernities, has to be integrated into the theory. Examples from the Indian Himalayas should show how in everyday life as well as in the course of a social movement for regional autonomy `preferred futures' are negotiated on the basis of a reflexive balancing of `traditional' and `modern' elements which are articulated and joined in a self-made present. The article ends with a plaidoyer for an anthropology of modernity. (shrink)

In this paper we develop a novel propositional semantics based on the framework of branching time. The basic idea is to replace the moment-history pairs employed as parameters of truth in the standard Ockhamist semantics by pairs consisting of a moment and a consistent, downward closed set of so-called transitions. Whereas histories represent complete possible courses of events, sets of transitions can represent incomplete parts thereof as well. Each transition captures one of the alternative immediate future possibilities open at a (...) branching point. The transition semantics exploits the structural resources a branching time structure has to offer and provides a fine-grained picture of the interrelation of modality and time. In addition to temporal and modal operators, a so-called stability operator becomes interpretable as a universal quantifier over the possible future extensions of a given transition set. The stability operator allows us to specify how and how far time has to unfold for the truth value of a sentence at a moment to become settled and enables a perspicuous treatment of future contingents. We show that the semantics developed along those lines generalizes and extends extant approaches: both Peirceanism and Ockhamism can be viewed as limiting cases of the transition approach that build on restricted resources only, and on both accounts, stability collapses into truth. (shrink)

In this paper, I provide a thorough discussion and reconstruction of Bernard Bolzano’s theory of grounding and a detailed investigation into the parallels between his concept of grounding and current notions of normal proofs. Grounding (Abfolge) is an objective ground-consequence relation among true propositions that is explanatory in nature. The grounding relation plays a crucial role in Bolzano’s proof-theory, and it is essential for his views on the ideal buildup of scientific theories. Occasionally, similarities have been pointed out between Bolzano’s (...) ideas on grounding and cut-free proofs in Gentzen’s sequent calculus. My thesis is, however, that they bear an even stronger resemblance to the normal natural deduction proofs employed in proof-theoretic semantics in the tradition of Dummett and Prawitz. (shrink)

Geographisches Denken hat zu jeder Zeit die Vorstellungen der Menschen von der Welt geprägt. Im weiten Spektrum von Landschafts- und Länderkunde, Regional-, Stadt-, Wirtschafts- und Sozialgeographie sind die Zeitebenen allerdings ineinander verschlungen und beeinflussen sich gegenseitig. "Weltbildwechsel" ist eine zeitgemäße Einführung in diese spannende Geschichte des Fachs Geographie.

The internet could be an efficient political instrument if it were seen as part of a democracy where free and open discourse within a vital public sphere plays a decisive role. The model of deliberative democracy, as developed by Jürgen Habermas and Seyla Benhabib, serves this concept of democracy best. The paper explores first the model of deliberative democracy as a ‘two-track model’ in which representative democracy is backed by the public sphere and a developing civil society. Secondly, it outlines (...) the normative concept of the public sphere and its basic ideas, namely the uncoerced communication of equal participants with equal access and equal rights to intervene or propose themes. The third part for discussion shows how the internet could fit into this concept of public sphere and influence the quality of political debates, and emphasizes the important role it can play in the political process. (shrink)

For Seneca, the firmness of the Wise is shown in his ability to remain calm against attacks, as he explains in his treatise of that name. Attacks can come in the form of injustice, iniuria, and disparagement, contumelia; Seneca proves that neither of them affects the wise man. Contumelia is linked to contemptus in definition and conceptualization so that the remarks on how to deal with disparagement contain clues as to what contemptus means for Seneca. The article argues that Seneca (...) understands the term in a double sense: First, contemptus denotes a reprehensible attitude. Second, it designates a kind of indifference which is to be understood in the context of Stoic apatheia. (shrink)

Quipus, knotted structures of woollen or cotton cords, were used as a bureaucratic tool in the Inca state. In the absense of a writing system, numerals and possibly other pieces of information were encoded on the quipus by tying knots into elaborately structured coloured cords. Though interpretation of the quipu contents is far from complete, some information on Inca mathematics can be deducted from the analysis of ancient specimen, especially when combined with the results of anthropological and linguistic research in (...) contemporary Andean societies. In this paper, the quipus are introduced, their structure is explained, and some results on mathematical concepts of the Incas are presented based on a comparison of mathematical and anthropological literature on the subject. (shrink)

"As a 'rhetoric of the mean' (mesotes ideal), sensibility provides a positive catalog of emotionalization. This is because ethos as an emotional level is viewed as being able, through gentle emotions, to please, placate and achieve sympathy and virtue (Quintilian). Sensibility in literature creates a bridge between an 'art of the soul' that developed into a major subjective and personal factor in the 18th century and a sense of sociability that aimed to integrate the individual into the community. The goal (...) of this study is to provide, through a structural linking of the ethos of virtue and the 'rhetoric of the mean', a reading of literature of sensibility based on rhetoric and cultural history that can explain both its public success 'with the people' and the reasons for why it failed to meet its own claims."--Publisher's website. (shrink)

Stress-related psychopathology is on the rise, and there is a pressing need for improved prevention strategies. Positive appraisal style, the tendency to appraise potentially threatening situations in a positive way, has been proposed to act as a key resilience mechanism and therefore offers a potential target for preventive approaches. In this article, we review n = 99 studies investigating associations of positive cognitive reappraisal, an important sub-facet of positive appraisal style, with outcome-based resilience and relevant other outcomes, which are considered (...) resilience-related. According to the studies reviewed, positive cognitive reappraisal moderates the relation between stressors and negative outcomes and is positively related to several resilience-related outcomes. It also mediates between other resilience factors and resilience, suggesting it is a proximal resilience factor. (shrink)

Applied philosophy is experiencing its “golden days,” as Kasper Lippert-Rasmussen says in his insightful introduction to A Companion to Applied Philosophy. Applied philosophy seems to be distinguished from its opposite, pure philosophy, usually understood as traditional philosophy, which deals with subjects such as free will, consciousness, or knowledge in philosophical subdisciplines like ethics, metaphysics, and epistemology. To embrace applied philosophy could thus mean to advocate for a philosophy that deals with questions “relevant to ‘the important questions of everyday life,’” as (...) Leslie Stevenson puts it, as opposed to questions that arise from within the subdisciplines of pure philosophy. (shrink)

Der Sammelband nimmt erstmalig seit Ende des Kalten Krieges für den deutschsprachigen Raum eine komprimierte Bestandsaufnahme der aktuellen Aktivitäten, rechtlichen Rahmenbedingungen, politischen und militärischen Konfliktlinien und Kooperationsräume sowie weiterführender Trends und Herausforderungen im Weltraum vor. Dabei werden zum einen die rechtlichen, militärischen, wirtschaftlichen und technologischen Herausforderungen des Bedeutungszuwachses dieses strategisch gewichtigen Raumes analysiert. Zum anderen werden Handlungsfähigkeit und -bedarf ausgewählter Weltraummächte, ihre Kooperationsmöglichkeiten und Konfliktpotenziale sowie der internationale politische Regulierungsbedarf herausgearbeitet und darauf aufbauend politische Handlungsempfehlungen dargelegt.,,Eine hervorragend gelungene Bestandsaufnahme der (...) umfassenden Bedeutung des Weltraums." Prof. Dr. Dr. h. c. Karl Kaiser, Harvard University Die Herausgeber PD Dr. Antje Nötzold ist Privatdozentin und wissenschaftliche Mitarbeiterin an der Professur Internationale Politik der TU Chemnitz. Dr. Enrico Fels ist Geschäftsführer des Center for Advanced Security, Strategic and Integration Studies (CASSIS) der Rheinischen Friedrich-Wilhelms-Universität Bonn. Andrea Rotter ist Referatsleiterin für Außen- und Sicherheitspolitik bei einer politischen Stiftung. Dr. Moritz Brake ist Senior Fellow am Center for Advanced Security, Strategic and Integration Studies (CASSIS) und Experte für Maritime Sicherheit und Strategie am German Institute for Defence and Strategic Studies (GIDS) als Reserveoffizier der Deutschen Marine. (shrink)

How is it possible to develop an identity that lives from the meaningful relationship to a concrete tradition without falling into fundamentalist self-closure when trying to maintain this relationship? The present study addresses this question by interpreting Alasdair MacIntyre's traditional concept in response to the lack of orientation in contemporary society. The American philosopher Alasdair MacIntyre assumes that modern societies can only convey identity through the traditions they contain. He defines "tradition" as a discussion about the correct interpretation of the (...) traditional content. MacIntyre sees coexistence in plural societies as a permanent encounter of different, traditional identities that struggle to convince each other of the truthfulness of their own worldview. The consequence is not blind conflict, but rather the acquisition of cultural language skills: Real encounters occur when a tradition learns to understand its counterpart from its genuine perspective. In this way, MacIntyre makes communicative competence the guiding factor of its model. In conversation with Karl Barth's theology, the study further develops this model from a Protestant perspective. Barth is received as the 20th century theologian who most consistently thought of Christian identity in particular terms. Even more than for Barth, the self-assurance of Christian tradition is being put to the test today. The study develops a model of Christian orientation in pluralism, which is based on the interplay of cultural competence and trust in the sustainability of one's own religious identity. (shrink)

One of the most robust findings in psychopathology is the fact that specific phobias are more prevalent in women than in men. Although there are several theoretical accounts for biological and social contributions to this gender difference, empirical data are surprisingly limited. Interestingly, there is evidence that individuals with stereotypical feminine characteristics are more fearful than those with stereotypical masculine characteristics; this is beyond biological sex. Because gender role stereotypes are reinforced by parental behavior, we aimed to examine the relationship (...) of maternal gender stereotypes and children’s fear. Dyads of 38 mothers and their daughters were included. We assessed maternal implicit and explicit gender stereotypes as well as their daughters’ self-reported general fearfulness, specific fear of snakes, and approach behavior toward a living snake. First, mothers’ fear of snakes significantly correlated with their daughters’ fear of snakes. Second, mothers’ gender stereotypes significantly correlated with their daughters’ self-reported fear. Specifically, maternal implicit gender stereotypes were associated with daughters’ fear of snakes and fear ratings in response to the snake. Moreover, in children, self-reported fear correlated with avoidance of the fear-relevant animal. Together, these results provide first evidence for a potential role of parental gender stereotypes in the development and maintenance of fear in their offspring. (shrink)

What moral claims do undocumented immigrants have to membership? Joseph Carens has argued that illegal migrants with long-term residence have a claim to national membership because they already are de facto members of local communities. This article builds on the linkage between illegality, residence, and rights, but shifts the focus from the migrant to the state, and from membership-based arguments to the rule of law. I argue that the rule of law, as expressed in the principle of legal certainty, provides (...) an alternative justification for the regularization of resident undocumented migrants. The principle of legal certainty recognizes the right of individuals to make long-term plans for their lives by requiring that state action be reasonably predictable and nonarbitrary. Thus, as an expression of legal certainty, both civil and criminal codes have statutes of limitation that place a time limit beyond which most crimes and misdemeanors can no longer be prosecuted, and individuals can move on with their lives. Not only do these statutes recognize the individual’s right to be free from arbitrary state control, they also demand that the state cut its losses and accept the consequences of its failure to act in a timely manner. I contend that, in the absence of a statute of limitation on illegal entry, the deportation of settled migrants constitutes an arbitrary act of state power. The article explores a number of judicial rulings to illustrate the argument’s normative logic. (shrink)

This article explores the possibility of resistance under conditions of extreme state power in liberal democracies. It examines the strategies of migrants without legal status who, when threatened with one of the most awesome powers of the liberal state—expulsion—shed their legal identity in order to escape the state’s reach. Remarkably, in doing so, they often succeed in preventing the state from exercising its sovereign powers. The article argues that liberal states are uniquely constrained in their dealing with undocumented migrants. Not (...) only are they forced to operate within the constraints of the international legal order—making repatriation contingent on the possession of identity documents—but the liberal state is also constitutionally limited in its exercise of coercion against the individual. The article concludes that it is those individuals who have the weakest claims against the liberal state that are most able to constrain its exercise of sovereignty. (shrink)

ABSTRACT Utopias in Africa is an emerging academic field. While we are witnessing an increasing number of fictional and ideological utopias, little attention is paid to lived utopias. The Green Camp Gallery Project is such a lived utopia, which predominantly strives for realizing desired future imaginations in daily practices. Localized in the urban context of Durban, in a derelict house in the industrial area, the Green Camp strives for a “simple post-growth life,” which is closely related to nature and the (...) philosophy of Ubuntu. In so doing, the Green Camp responds to the overlapping crisis of urbanity and offers an alternative future aspiration. The Green Camp is not perfect and it is not able to solve the deep problems of South African society, but it offers an “island” of hope and imagination in a challenging urban environment. At the same time the lived utopia reveals the agency of the urban marginalized and contradicts widespread assumptions concerning environmentalism. Based on a qualitative study, the article takes an unusual perspective by analyzing the imagination of lived utopia in an emerging utopian hotspot—Africa. (shrink)

Abstract.A hallmark of Arthur Peacocke's work is his aim of writing theology that is intellectually honest. He believed that intelligibility and meaning are foremost on theology's agenda. Consequently, he focused on ultimate meanings, but he did so by taking into account the scientific knowledge of the world. He faced head‐on the challenge to accept the Christian tradition, at the same time subjecting that tradition to critique and reforming its images and modes of thinking. I survey Peacocke's agenda, his methodology, and (...) the sources of his theological thinking, and how this contributes to understanding the relationship between science and theology. A major result of his approach is the abolition of dualisms, specifically that of the natural and the supernatural. Peacocke's approach to theology has exemplary potential for the debate between those who espouse a radical Enlightenment with its claim to universal principles of reason and radical postmodernists who may appear to fall prey to a relativism that equals nihilism. (shrink)

A comparison of Merge, a model of comprehension, and WEAVER, a model of production, raises five issues: merging models of comprehension and production necessarily creates feedback; neither model is a comprehensive account of word processing; the models are incomplete in different ways; the models differ in their handling of competition; as opposed to WEAVER, Merge is a model of metalinguistic behavior.

The globalization of production and trade has contributed to the rise in complex global value chains where the reach of state regulation is limited. As an alternative, private regulation, developed and administered by companies, industry associations, and nongovernmental organizations, has emerged to safeguard economic, environmental, and social sustainability in producer countries and along the value chain. The academic literature on private regulation in global value chains has grown over the last decade, but currently few major reviews of the research have (...) been undertaken. This paper examines peer-reviewed research in the relevant disciplines published in academic journals up to December 2011. Our goal is to identify and classify the topics and theories in the global value chain literature. We conclude that the number of articles explicitly examining private regulation, in a global value chain context, is relatively small when considering the importance and growth of these chains in the world’s economy. We also conclude that agriculture, forestry, and apparel manufacturing are the most often studied economic sectors; in contrast, other sectors, such as the information, communication and technology, with their complex global value chains, and often problematic environmental and social conditions, are understudied. (shrink)

The transition semantics presented in Rumberg (J Log Lang Inf 25(1):77–108, 2016a) constitutes a fine-grained framework for modeling the interrelation of modality and time in branching time structures. In that framework, sentences of the transition language L_t are evaluated on transition structures at pairs consisting of a moment and a set of transitions. In this paper, we provide a class of first-order definable Kripke structures that preserves L_t-validity w.r.t. transition structures. As a consequence, for a certain fragment of L_t, validity (...) w.r.t. transition structures turns out to be axiomatizable. The result is then extended to the entire language L_t by means of a quite natural ‘Henkin move’, i.e. by relaxing the notion of validity to bundled structures. (shrink)