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)

Humanities Open Book Program, a joint initiative of the National Endowment for the Humanities and the Andrew W. Mellon Foundation.

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: (1) the axiom of total interpenetration; (2) the axiom of self-transformation; (3) the axiom of creative spontaneity; (4) the axiom of a will not to will; and (5) 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)

This is an up-To-Date analysis of kung-Sun lung's thesis "white horse is not horse" and the underlying class logic. Critique is made of the wrong-Headedness of the mass-Term interpretation (hansen) and a shallow understanding of classical chinese grammar in light of modern logic. Neo-Ruohist canons on identity, Difference, Separableness and inseparableness are also analyzed for comparison and contrast.

A unique work on the underlying ontology, cosmology, and moral philosophy of the Yijing.

In this article, I present a model of four dimensions for the idea of learning in the classical Confucian perspective. This model is intended to capture the most essential four aspects of learning which explain why self-cultivation of a human person toward an end of self-fulfillment and social transformation of humanity is possible. I shall also show how this model illuminates all basic uses of the term ‘xue’ in the Analects and thus leads to a more coherent understanding of the (...) Confucian moral and ethical philosophy than have been previously done. A copingstone principle of sincerification is also suggested for enabling the advancement of a person to a higher status of life such as junzi and shengxian. (shrink)

This book is based on my doctoral dissertation written at Harvard University in the year of 1963. My interest in Peirce was inspired by Professor D. C. Williams and that in Lewis by Professor Roderick Firth. To both of them lowe a great deal, not only in my study of Peirce and Lewis, but in my general approach toward the problems of knowledge and reality. Specifically, I wish to acknowledge Professor Williams for his patient and careful criticisms of the original (...) manuscripts of this book. I also wish to thank Professor Firth and Professor Israel Scheffler for their many suggestive comments regarding my discussions of induc tion. However, any error in this study of Peirce and Lewis is completely due to myself. Chung-ying Cheng Honolulu, Hawaii March,1967 TABLE OF CONTENTS PREFACE V SUMMARY IX CHAPTER I: Introduction I I. Problem of Justifying Induction and Proposal for Its Dissolution I 2. Two Types of Recent Arguments for the Validity of Induction 3 Arguments from Paradigm Cases and Uses of Words 4 3. (shrink)

There are two aspects of the hermeneutic: the receptive and the creative. In this article, first of all, I shall identify the strengths of these two aspects of the hermeneutic in the main development of hermeneutics in Western world. Heidegger and Gadamer take ontological receptivity as the source of the meaning of existence as well as the meaningfulness of texts. In my view such a form of receptivity has shaped the predominant paradigm of hermeneutic thinking in contemporary Europe or West. (...) Therefore, I move to the creative formation and positive projection of a transformative cosmological philosophy, namely the Yijing《易經》philosophy in Chinese tradition. In these two contrasts we shall not only notice the strong divergence between the two paradigms but come to see how receptivity and creativity of the hermeneutic could be divergently identified and located in concrete understanding of nature of reality and nature of the human being. (shrink)

This volume, an assemblage of essays previously published in the Journal of Chinese Philosophy, conveniently and strategically brings together some of the trenchant interpretations and analyses of the salient, structural aspects of the...

In The Philosophy of Change, the distinguished scholar of Chinese philosophy Chung-ying Cheng advances our understanding of the Yijing by analyzing its philosophy in comparison to Western philosophical traditions. Cheng focuses on critically comparing philosophies of science, religion, and metaphysics in Leibniz, Whitehead, Neville, and Cobb alongside classical Chinese views on reality, divinity, knowledge, and morality. The book begins and ends with questions related to the character of Chinese metaphysical traditions, which contrast with the mainline metaphysical traditions (...) found in Western Europe and North America. Cheng argues throughout the book that the philosophical underpinnings of basic concepts in Chinese culture are ultimately rooted in key claims found within the Yijing 易經 and one of its standard commentaries, the Yizhuan 易傳. The book serves as a complementary volume to the author's previous book, The Primary Way: Philosophy of the Yijing, which lays out a comprehensive and systematic philosophy based on the symbolism and text of the classical document and its traditional commentaries. (shrink)

How to read the Confucian Classics today? Scholars with philosophical training usually emphasize that the philosophical approach, in comparison with the classicist and historical ones, is the best way to read the Confucian Classics, for it can dig out as much intellectual resources as possible from the classical texts in order to show their modern relevance. Briefly, the philosophical approach runs as follows: first, to discover or identify the philosophical question inhered in the text; then to reconstruct the line of (...) thinking, reasoning, and argumentation revealed in the text, which will lead to the answer of the question; and finally evaluate the effectiveness of the answer by any possible criticism. In spite of the fact that the philosophical approach does help showing the Confucian classics are of great significance to modern people, some scholars seriously caution that this theorization would alienate Confucianism from its very practical concern about self-cultivation. Accordingly, traditional Confucian scholars adopted an existential approach to reading, that is using their personal experience to read, question, understand, and comprehend the meanings of the text, making their comprehension as something they find in themselves and thus will be at ease in it. So there seems to be a dichotomy between the modern philosophical approach and the traditional existential approach to reading of the Confucian Classics. In this paper, I shall argue that the dichotomy has never existed. In fact, traditional Confucian scholars read the Confucian canon in both the philosophical and existential ways. Song Confucian Zhu Xi’s ‘Method of Reading’ is a case in point. I shall then argue that these two approaches should be irreducible and inseparable so as to form a proper way of reading as well as teaching the Confucian Classics today. (shrink)

This paper is motivated by a question of naturalized epistemology of W. V. Quine and the question is how a naturalistic account gives rise to theoretical understanding with its realistic ontology. I concentrate on the possibility of the principle of reification by way of interpretation and the point is how we interpret interpretation in a naturalistic account. First, we must distinguish between Quine and Carnap based upon the distinction of interpretation versus reduction. Second, we should take seriously the function of (...) observation and the consequent interpretation with regard to reality and ontological understanding. This article also exams the positions of Descartes, Kant and recent philosophers Gadamer and Davidson. In doing so, some test cases of interpretation analyze in particular the case of “anomalous monism”. Finally, this paper makes effort to focus on quantum mechanics as an object of naturalistic interpretation, although it is itself a naturalistic interpretation of classical physics and relativity based upon observation of new features of reality. In conclusion, the Yijing philosophy of change is cited as a possible, useful and meaningful interpretation of quantum mechanics just as quantum mechanics could be a useful and meaningful interpretation of the Yijing’s onto-cosmology (which theory I had established two decades ago). (shrink)

Humanities Open Book Program, a joint initiative of the National Endowment for the Humanities and the Andrew W. Mellon Foundation.