Strategy & Macroeconomic Policy eJournal最新文献_第6页

Employment Growth, Inflation and Output Growth: Was Phillips Right? Evidence from a Dynamic Panel 就业增长、通胀和产出增长:菲利普斯是对的吗?来自动态面板的证据

Strategy & Macroeconomic Policy eJournal Pub Date : 2011-06-01 DOI: 10.2139/ssrn.1898553

G. Caporale, M. Škare

引用次数: 11

How Does the Market-Based Intermediary Sector Affect the Business Cycle? A Consideration Based on a DSGE Framework 市场化中介行业如何影响经济周期?基于DSGE框架的思考

Strategy & Macroeconomic Policy eJournal Pub Date : 2011-05-19 DOI: 10.2139/ssrn.1846183

Tokihito Sudo

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引用次数: 0

The Final Frontier of Competitive Advantage 竞争优势的最终边界

Strategy & Macroeconomic Policy eJournal Pub Date : 2011-03-23 DOI: 10.2139/SSRN.1793169

R. Bird

引用次数: 1

Digital Piracy: Utilising Efficient Digital Distribution Models as an Alternative to Strengthening Enforcement 数字盗版:利用有效的数字分销模式替代加强执法

Strategy & Macroeconomic Policy eJournal Pub Date : 2011-03-23 DOI: 10.1504/IJPL.2011.042687

Michael Filby

引用次数: 1

‘Good’ and ‘Evil’: The Relationship Between Corporate Social Responsibility and Corporate Political Activity “善”与“恶”:企业社会责任与企业政治活动的关系

Strategy & Macroeconomic Policy eJournal Pub Date : 2011-01-28 DOI: 10.2139/ssrn.1750368

Brian K. Richter

{"title":"‘Good’ and ‘Evil’: The Relationship Between Corporate Social Responsibility and Corporate Political Activity","authors":"Brian K. Richter","doi":"10.2139/ssrn.1750368","DOIUrl":"https://doi.org/10.2139/ssrn.1750368","url":null,"abstract":"To determine if corporate social responsibility (CSR) and corporate political activity are economic substitutes or economic complements, I assemble and analyze the largest dataset possible from existing data sources incorporating both types of non-market behavior. Examining the joint distribution of an index of firms’ CSR behavior and an indicator of whether or not firms lobby reveals that firms at both the positive and the negative extremes of social responsibility are more likely to have been politically active. Regressing the CSR index and a measure of lobbying intensity, individually, on Tobin’s Q allows me to test whether CSR and corporate political activity separately enhance firms’ value; regressing an interaction between the CSR index and the measure of lobbying intensity on Tobin’s Q, allows me to test whether they play complementary roles in enhancing firms’ value. Higher CSR ratings, more intensive lobbying, and the interaction between the CSR rating and lobbying intensity all appear to increase value when comparing firms; however, when each firm is studied over time, only the interaction between CSR rating and lobbying intensity appear to increase firm value. Taken together this suggests that firms’ CSR positions work as an economic complement to its political activity rather than a substitute – jointly the two types of non-market behavior increase a firm’s value, while independently each activity is more difficult to reconcile and perhaps may simply be symptomatic of some other inherently unobservable firm-fixed characteristic such as ‘good management’. Illustrative cases round-out the large dataset analysis.","PeriodicalId":104767,"journal":{"name":"Strategy & Macroeconomic Policy eJournal","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127939010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 18

The Fisher Effect under Deflationary Expectations 通缩预期下的费雪效应

Strategy & Macroeconomic Policy eJournal Pub Date : 2011-01-26 DOI: 10.2139/ssrn.1749062

David Glasner

引用次数: 3

Economic Value and Cost are Subjective 经济价值和成本是主观的

Strategy & Macroeconomic Policy eJournal Pub Date : 2010-08-31 DOI: 10.4337/9781849806473.00011

E. Stringham

引用次数: 39

A Comprehensive Analysis and Optimization of the HRA and Procurement of Property 人力资源管理与财产采购的综合分析与优化

Strategy & Macroeconomic Policy eJournal Pub Date : 2010-07-31 DOI: 10.2139/SSRN.1651468

Ravi Agarwal, Vignesh Ramakrishnan

引用次数: 0

2008 SEC Short Selling Ban: Impacts on the Credit Default Swap Market 2008 SEC卖空禁令:对信用违约掉期市场的影响

Strategy & Macroeconomic Policy eJournal Pub Date : 2010-05-19 DOI: 10.2139/ssrn.1971237

S. Courtney

引用次数: 4

Combating the Global Financial Crisis with Aggressive Expansionary Monetary Policy: Same Medicine, Different Outcomes in China, UK and USA 积极扩张性货币政策应对全球金融危机:同药异果中英美

Strategy & Macroeconomic Policy eJournal Pub Date : 2010-05-13 DOI: 10.2139/SSRN.1616428

Wei Zhang, W. Woo

引用次数: 13