Universals, laws, and governance

Linguistic diversity and universals

Capital Market Governance: How Do Security Laws Affect Market Performance?

This paper examines the link between capital market governance (CMG) and several key measures of market performance. Using detailed data from individual stock exchanges, we develop a composite CMG index that captures three dimensions of security laws: the degree of earnings opacity, the enforcement of insider laws, and the effect of removing short-selling restrictions. We find that improvements...

Typology and universals

Universals and Other Generalities

ion’ (Halbfass, 1992, p. 145). That is to say, the abstract noun-phrase ‘is-ness’ is an artificial device, used to mention an entity that resists introduction as either a subject or a predicate, an entity, in other words, which is not itself either a particular or a universal. Existence is not a predicate; it is – to borrow the terminology of Section 5 – a delimitor, albeit a minimal one, of be...

Morphological Universals and Diachrony

Although linguistics is plausibly taken to be “the science of language,” the actual object of inquiry in the field has changed considerably over time. Prior to the influence of deSaussure in the first part of the twentieth century, linguists concerned themselves primarily with the ways in which languages have developed historically. For the next several decades, they devoted their attention to ...