Corporate Governance: Social Responsibility & Social Impact eJournal最新文献_第5页

Pollution and Human Capital Migration: Evidence from Corporate Executives 污染与人力资本迁移:来自企业高管的证据

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2018-03-01 DOI: 10.3386/W24389

Ross Levine, Chen Lin, Zigan Wang

引用次数: 12

What Constitutes Too-Big-To-Jail? 什么构成了“大到不能进监狱”?

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2018-02-06 DOI: 10.2139/ssrn.3119379

Han-soo Choi, Changmin Lee, Hyoung-Goo Kang

引用次数: 3

Socially Responsible Investment: Achieve Financial Goals? 社会责任投资:实现财务目标?

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2018-01-26 DOI: 10.2139/ssrn.3110431

Onjira Thampramoth

{"title":"Socially Responsible Investment: Achieve Financial Goals?","authors":"Onjira Thampramoth","doi":"10.2139/ssrn.3110431","DOIUrl":"https://doi.org/10.2139/ssrn.3110431","url":null,"abstract":"Nowadays, investors have variety of options for investment, in order to get a return that they planned. Furthermore, investors would decide easier if those investments are related to sustainability. Socially Responsible Investment is a good type of investment which seeks to generate financial goals, sustainability, and social responsibility. This paper was written to prove the fact that SRI is not only contributing to advancements in environmental, social and governance practices but also aim for strong financial performance. Therefore, I selected 5 US companies which have a positive social, environmental and governance. All of Company chose from MSCI KLD 400 Social Index (DSI) for representing the SRI investment market performance. Those 5 companies would be an important part that proves the SRI can achieve the financial goals. This research using ten years of historical data, focus on daily percentage change of stock of each company and see the percentage has grown year over year. Then this study would use the Capital asset pricing model (CAPM) to estimate expected returns on stocks. The result of this paper will help investors that interest in SRI investment and help investors in making investment decisions on SRI.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126348463","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: 0

Nonfinancial Risk Disclosure & The Costs of Private Ordering 非财务风险披露&私人订购的成本

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2018-01-24 DOI: 10.2139/ssrn.2923561

Virginia E. Harper Ho

{"title":"Nonfinancial Risk Disclosure & The Costs of Private Ordering","authors":"Virginia E. Harper Ho","doi":"10.2139/ssrn.2923561","DOIUrl":"https://doi.org/10.2139/ssrn.2923561","url":null,"abstract":"In 2016, the Securities and Exchange Commission (SEC) considered for the first time whether financial disclosure reform should address sustainability matters and other sources of nonfinancial risk. The resulting debate over these issues raises fundamental questions about how well the federal disclosure regime addresses emerging risks and about how well private ordering, through shareholder engagement, the work of private standard-setters, and corporate voluntary disclosure, can fill the gaps. This Article argues that the current model of nonfinancial risk disclosure, based largely on private ordering, is ineffective and undermines the SEC’s mission to protect investors, facilitate capital formation, and promote fair, orderly, and efficient markets. This conclusion rests on evidence that the current state of sustainability disclosure is inadequate for investment analysis and that these deficiencies are largely problems of comparability and quality that cannot readily be addressed by private ordering. This Article also highlights the costs of agency inaction to investors and to public companies, which have been largely ignored in the debate over the future of financial reporting. It concludes by proposing avenues for disclosure reform.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123869766","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: 1

Conflicts of Interest in Business: A Review of the Concept 商业利益冲突:概念回顾

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2017-12-01 DOI: 10.24818/jamis.2017.04003

V. Dragomir

引用次数: 4

Do Socially Responsible Managers Forecast Sales More Accurately? 有社会责任感的管理者预测销售更准确吗?

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2017-11-23 DOI: 10.2139/ssrn.3178178

Panagiotis I. Chronopoulos

{"title":"Do Socially Responsible Managers Forecast Sales More Accurately?","authors":"Panagiotis I. Chronopoulos","doi":"10.2139/ssrn.3178178","DOIUrl":"https://doi.org/10.2139/ssrn.3178178","url":null,"abstract":"\u0000Purpose\u0000This paper aims to examine whether corporate social responsibility (CSR) is related to management sales forecast accuracy.\u0000\u0000\u0000Design/methodology/approach\u0000Use KLD measures of corporate responsibility combined with forecast accuracy regression model, including controls for management skills and expertise.\u0000\u0000\u0000Findings\u0000Socially responsible firms commit forecast errors of lower magnitude and sales forecast accuracy is positively related to the level of CSR.\u0000\u0000\u0000Research limitations/implications\u0000A strong motive for research on the field of CSR topic under the scope of reporting quality. Future research could focus on alternative measures of CSR; such as announcements included into the financial statements or separately disclosed expenses. Examine the magnitude of confirmed relation, among different economies worldwide.\u0000\u0000\u0000Practical implications\u0000CSR effect on manager sales forecasting activity, highlight the impact of brand awareness and customer loyalty, as created by implementing CSR strategies, on firm growth and sales expansion.\u0000\u0000\u0000Social implications\u0000The research enhances the era towards more socially responsible firms, presenting evidence of such an adoption on corporate fundamentals.\u0000\u0000\u0000Originality/value\u0000To the knowledge there is no prior research examining the implications of CSR on sales forecast accuracy.\u0000","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131368721","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: 0

Rethinking of the Practical Existence of the Corporate Social Responsibility in Georgia – Peer Review on Its Promotion via Georgia-EU Association Agreement 对格鲁吉亚企业社会责任现实存在的再思考——对格鲁吉亚-欧盟联盟协议推动企业社会责任的同行评议

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2017-11-10 DOI: 10.2139/ssrn.3331763

Ana Tokhadze, Lea Salathé

引用次数: 0

Do Privately Owned Enterprises in China Need Political Connections to Issue Corporate Bonds? 中国民营企业发行公司债券需要政治关系吗?

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2017-10-15 DOI: 10.2139/ssrn.2846730

D. Schweizer, Thomas J. Walker, Aoran Zhang

引用次数: 8

Evolving Norms of Corporate Social Responsibility: Lessons from the European Union Experience with Non-Financial Reporting 企业社会责任规范的演变:来自欧盟非财务报告经验的教训

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2017-10-08 DOI: 10.2139/SSRN.3051843

Constance Z. Wagner

{"title":"Evolving Norms of Corporate Social Responsibility: Lessons from the European Union Experience with Non-Financial Reporting","authors":"Constance Z. Wagner","doi":"10.2139/SSRN.3051843","DOIUrl":"https://doi.org/10.2139/SSRN.3051843","url":null,"abstract":"This article examines an important development in the field of corporate social responsibility, namely the adoption of a 2014 European Union Directive (“2014 EU Directive”) mandating non-financial reporting by certain large companies. Such disclosure has traditionally been provided by businesses on a voluntary basis, but the 2014 EU Directive reflects an emerging global trends toward mandatory reporting. Such trend emerged in response to the perceived low quantity and poor quality of information disclosed voluntarily on social and environmental topics of importance to corporate stakeholders. The author analyzes the history and development of policy and legislation on this issue both at the European Union level and within two Member States that have been leaders in the area of corporate social responsibility reporting, namely France and Denmark. Such analysis draws on literature from the fields of both law and business and is conducted within the larger frame of the global growth of non-financial reporting and the role that such reporting plays as a mechanism to enhance socially responsible behavior by business. An important feature of the 2014 EU Directive is its regulatory approach, which has been called a “smart mix approach” because it introduces an element of government regulation while still allowing businesses to make significant choices about disclosure on a voluntary basis. The author concludes that the 2014 EU Directive may result in a greater quantity of disclosure, but it may not be as successful in achieving the goal of improved quality of such reporting due to fundamental weaknesses in the regulatory approach and content of the 2014 EU Directive, as well as to the lack of preconditions in Member States needed for improved corporate transparency on social and environmental issues. The lessons from the European Union experience detailed in this article may prove useful for countries like the United States, where the development of non-financial reporting has lagged behind other countries.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"331 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124670887","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: 6

Phillip Morris International, Inc.: A Case of Difficulties in Justifying Corporate Social Responsibility 菲利普莫里斯国际公司:证明企业社会责任的困难案例

Corporate Governance: Social Responsibility & Social Impact eJournal Pub Date : 2017-08-21 DOI: 10.2139/ssrn.3023615

Gerard H. Th. Bruijl

{"title":"Phillip Morris International, Inc.: A Case of Difficulties in Justifying Corporate Social Responsibility","authors":"Gerard H. Th. Bruijl","doi":"10.2139/ssrn.3023615","DOIUrl":"https://doi.org/10.2139/ssrn.3023615","url":null,"abstract":"In today’s global market environment, a prerequisite for a corporation to align with a practice of corporate social responsibility (CSR) is to have a social contract with its key stakeholders such as society, government, groups, individuals, and other interested parties (Crowther & Aras, 2008). However, there is no agreed-upon definition of CSR, but it can be articulated as a concept whereby commercial and non-commercial entities incorporate social, economic, ecological, and sustainability concerns in their business operations, and that these entities interact ethically with their stakeholders on a voluntary footing (Hamidu, Haron & Amran, 2015). Phillip Morris International (PMI) proclaims that its stance on CSR is strongly correlated with transparency, accountability, and sustainability (PMI, 2017). However, PMI is a corporation that promotes the production of harmful products for human enjoyment and is still seen by society as a controversial corporation (Cohen, 2007). Despite its good intentions, as long as PMI promotes the production of harmful products for consumers, their CSR proclamations will be addressed with skepticism.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130623102","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: 0