314,886 research outputs found

    The Determinants of the Relationship of Corporate Social Performance and Financial Performance: Conceptual Framework

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    The objective of this paper is to investigate relationship between CSP and CFP using contingency perspective derived from the strategic management domain. The investigation will be done using lens of slack resource and good management theory. This study is expected to provide a new insight on the link between corporate social performance and corporate financial performance using contingency perspective as suggested in the strategic management and accounting literature, an area has not been examined in the prior studies. The result of this study can resolve the existing conflict in the literatures by developing an integrated model of the link between CSP and CFP and the notion of corporate performance which, in strategic management, is highly affected by four factors: business environment, strategy, organization structure, and control system. The model will explain in what condition the relationship of CSP and CFP is valid Keywords: Corporate social performance, corporate financial performance, slack resource theory, good management theory, contingency theory, and moderating effect

    Utilitarian Collective Choice and Voting

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    In his seminal Social Choice and Individual Values, Kenneth Arrow stated that his theory applies to voting. Many voting theorists have been convinced that, on account of Arrow’s theorem, all voting methods must be seriously flawed. Arrow’s theory is strictly ordinal, the cardinal aggregation of preferences being explicitly rejected. In this paper I point out that all voting methods are cardinal and therefore outside the reach of Arrow’s result. Parallel to Arrow’s ordinal approach, there evolved a consistent cardinal theory of collective choice. This theory, most prominently associated with the work of Harsanyi, continued the older utilitarian tradition in a more formal style. The purpose of this paper is to show that various derivations of utilitarian SWFs can also be used to derive utilitarian voting (UV). By this I mean a voting rule that allows the voter to score each alternative in accordance with a given scale. UV-k indicates a scale with k distinct values. The general theory leaves k to be determined on pragmatic grounds. A (1,0) scale gives approval voting. I prefer the scale (1,0,-1) and refer to the resulting voting rule as evaluative voting. A conclusion of the paper is that the defects of conventional voting methods result not from Arrow’s theorem, but rather from restrictions imposed on voters’ expression of their preferences. The analysis is extended to strategic voting, utilizing a novel set of assumptions regarding voter behavior

    Aging, Equality, and Confucian Selves

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    Liberal democracy aims to treat all adult citizens as politically equal, at least in ideal cases: Once a citizen is over the age of majority, she is deemed a full-fledged member of the community and in theory has equal standing with all other adult citizens when it comes to making policy and participating in the political realm in general. I consider three questions: (1) Is there any plausible alternative to a standard "all adult citizens have equal political standing" model of democracy that could be drawn from a specifically Confucian valuing of elder members of the community? (2) Insofar as there is a plausible alternative, what might it reveal about differences between how liberalism and Confucianism think of human selves as located in time? (3) What sort of difference would it make if the Confucian valuing of age were implemented via informal social norms, on the one hand, or via explicit institutional mechanisms and procedures, on the other

    Pushing the envelope of Optimization Modulo Theories with Linear-Arithmetic Cost Functions

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    In the last decade we have witnessed an impressive progress in the expressiveness and efficiency of Satisfiability Modulo Theories (SMT) solving techniques. This has brought previously-intractable problems at the reach of state-of-the-art SMT solvers, in particular in the domain of SW and HW verification. Many SMT-encodable problems of interest, however, require also the capability of finding models that are optimal wrt. some cost functions. In previous work, namely "Optimization Modulo Theory with Linear Rational Cost Functions -- OMT(LAR U T )", we have leveraged SMT solving to handle the minimization of cost functions on linear arithmetic over the rationals, by means of a combination of SMT and LP minimization techniques. In this paper we push the envelope of our OMT approach along three directions: first, we extend it to work also with linear arithmetic on the mixed integer/rational domain, by means of a combination of SMT, LP and ILP minimization techniques; second, we develop a multi-objective version of OMT, so that to handle many cost functions simultaneously; third, we develop an incremental version of OMT, so that to exploit the incrementality of some OMT-encodable problems. An empirical evaluation performed on OMT-encoded verification problems demonstrates the usefulness and efficiency of these extensions.Comment: A slightly-shorter version of this paper is published at TACAS 2015 conferenc
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