This study considers the implications of corporate political activity and political risk on asset pricing. It is found that firms which operate an affiliated political action committee (PAC) outperform firms that do not. Among firms that operate a PAC, we find that those that spend relatively less on politics outperform those that spend more and that political risk is successfully hedged by fir...

Political correctness (PC) norms are highly controversial and have been subject to political and philosophical debate for decades. Yet, surprisingly little empirical research has been conducted to understand if they have any impact at all and, in particular, if and how they affect the perception of and interaction between social groups. In this chapter, we will argue that PC language has tangib...

n fall 1997, the democratic movement in Russia will celebrate its tenth anniversary. In November 1987, a group of young intelligentsia from Moscow (creators of the then unknown historical-educational organization Memorial) marched to Arbat to collect signatures. Those signatures were not calling for the dissolution of the Soviet system, but for the creation of a memorial to the victims of Stali...

Unlike his theory of justice as fairness, John Rawls’s political liberalism has generally been spared from critiques regarding what is due to the disabled. This paper demonstrates that, due to the account of the basic ideas of society and persons provided by Rawls, political liberalism requires that the interests of numerous individuals with disabilities should be put aside when the most fundam...

in his mushkilat al-hadith, yahya muhammad denies knowledge and innocence of shiite imams through presenting such proofs as the way companions of later shiite imams dealt with the issue of imama, formation of various shi‘a sects, perplexity and dispute of shiites as to imama of the next imam in every era, not presenting al-kafi to four vicegerents of the twelfth imam, and lack of belief in the ...

Although Political Theology examined mainly the political dimension of relationship between God-Father and God-Son, it is paramount to consider performance Holy Spirit in Economy Redemption. The has been characterized as binding cause principle relationality both referring God’s inner life with His creatures. As personalization relationality, performs a unique task: bring together what apart by...