Corporate Governance: Social Responsibility & Social Impact eJournal最新文献

{"title":"Socially Responsible Investment: A Review of Recent Developments in Australia","authors":"A. Siddiqui, D. Marinova, A. Hossain","doi":"10.2139/ssrn.2571546","DOIUrl":"https://doi.org/10.2139/ssrn.2571546","url":null,"abstract":"Growing awareness about sustainability among consumers and investors is rapidly changing the investment management practices in Australia. Until 2000, the size of fund under management in socially responsible investment (SRI) portfolios was less than $1 billion which by the end of 2012 totaled as $152 billion. About 80% of the top fund managers by now has been the signatories of the UNPRI bringing responsible investment issues to the mainstream. The growth of sustainable and responsible investment has been driven by both public and private sector. ASX has revised the corporate governance code 7.4 (March 2014) to assure that listed companies provide due attention to environmental, social and governance (ESG) issues. Private investors (retail and institutional) are also diverting more funds to sustainability focused portfolios. The combined public and private initiatives have been quickly unfolding a new reality for the fund industry. However, there are significant differences in terms of approaches to sustainable investments It is often difficult to compare among different segments of responsible investment market as well their impacts on environment and society. This paper analyse the key trends in responsible investments in Australia and critically evaluate the challenges and opportunities ahead.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"329 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122835176","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}

{"title":"CSR@ 2%: A New Model of Corporate Social Responsibility in India","authors":"A. Singh, Priyanka Verma","doi":"10.2139/ssrn.2532869","DOIUrl":"https://doi.org/10.2139/ssrn.2532869","url":null,"abstract":"Corporate Social Responsibility (CSR) earlier applied as corporate philanthropy and has been in practice in India since ages. However, philanthropy in globalised and modern India does not solve the purpose in quantity and quality. Clause 135 of Company Act 2013 created huge hue and cry among the business community in India. As per clause 135 of the Companies Act, 2013, Every company with an annual turnover of 1,000 crore INR ($161 million) and more, or a net worth of 500 crore INR ($80 million) and more, or a net profit as low as five crore INR ($800,000) and more have to spend at least 2% of their average net profit over the previous three years on CSR activities. With the introduction of new Company act 2013 India became the first country in the world to have legislation for compulsory CSR spending. The paper aims at analyzing the motive of making CSR spending mandatory and it also attempts to explain the concept of CSR in the present Indian scenario, the social issues addressed by the Indian corporations, and methodologies adopted by them to address those issues.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132499257","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}

{"title":"Corporate Reputation and Corporate Ethics: Looking Good or Doing Well","authors":"R. Leiva, Ignacio Ferrero, Reyes Calderón","doi":"10.2139/ssrn.2534619","DOIUrl":"https://doi.org/10.2139/ssrn.2534619","url":null,"abstract":"Corporate reputation (CR) has become a fashionable topic due, among other reasons, to the recent financial and economic crisis and spreading corporate scandals. Given its interdisciplinary character and intangible nature, CR has been a frequent issue in many disciplines, but scarcely present in the business ethics field. This neglect is odd since a good reputation is one of the most valuable consequences of doing the right things and the things right. In this paper, we intend to explain this absence through three hypotheses: a) business ethics literature largely identifies corporate reputation and corporate social responsibility; b) corporate reputation overlaps with corporate image and corporate identity, resulting interchangeable constructs; and c) business ethics scholars have focused on the negative side of the reputation phenomenon, highlighting reputational risk more than benefits. Based on a bibliometric analysis of the top journal of business ethics literature over a recent decade (2002-2011), we finally confirmed the three hypotheses although c) only partially. In addition, the findings of this study will allow for a deeper understanding of the link between looking good and doing well.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131792229","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}

{"title":"Environmental Stewardship and Corporate Social Responsibility: Implication for Consumers’ Resistance to Negative Information. The Case of Apple in China","authors":"Martin Larbi","doi":"10.2139/ssrn.2530906","DOIUrl":"https://doi.org/10.2139/ssrn.2530906","url":null,"abstract":"There are several studies that have investigated the effect of corporate social responsibility (CSR) on consumer behavior. However, these studies demonstrate conflicting results on how CSR influences consumer purchasing behavior and retention; for example, in event of negative information about a firm. Therefore, the effectiveness of CSR in advancing the core business of firms remains unresolved. This research uses a qualitative approach to examine how CSR affords firms greater levels of goodwill with consumers. The study focuses on the case of Apple in China. Both primary and secondary data were collected through interviews, review of literature, newspaper reports, blogs, social media, and official websites of institutions and corporate entities. A deductive analytical approach was used to examine how consumers perceive CSR, and how that impacts on their attitude towards a firm when confronted with negative information. The study found low level of awareness of CSR in consumers. Moreover, the findings demonstrate that consumers tend to attach more importance to CSR when they identify with the problems associated with the actions or inactions of a firm. The study shows that firms can only enjoy the full benefits of CSR by creating public awareness of such endeavours.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122274891","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}

{"title":"Creating Value Through Governance - Towards a New Accountability: Response to ACCA Consultation","authors":"Sean Lyons","doi":"10.2139/SSRN.2491749","DOIUrl":"https://doi.org/10.2139/SSRN.2491749","url":null,"abstract":"In February 2014 the Association of Chartered Certified Accountants (ACCA) published a consultation paper entitled \"Creating value through governance - towards a new accountability\". The consultation was open for comment until 31 August 2014 and following the consultation period the ACCA intends to publish an updated paper on the subject of governance and value creation. This consultation paper forms part of ACCA's investigation to examine whether existing governance and risk management frameworks are \"fit for purpose\". It asks whether corporate governance in practice, is helping business to create value or whether something has gone wrong. As part of this initiative the ACCA have stated the following: \"Corporate governance is vital to societies that depend on business to create economic wellbeing ... Achieving good corporate governance is complex: it involves economics, politics and fundamental aspects of human nature as well as business and markets ... Ultimately, governance is about how to make good decisions ... Present approaches have not ensured that companies focus on, and succeed in, creating long term sustainable value.\" This submission provides comments to address the Corporate Governance challenge from two distinct perspectives: 1. General Observations: This section addresses the following issues in the context of Corporate Governance: - The Impact of Culture in Business and Society - The Role of Ethics and Moral Values in Corporate Behaviour - Enforcing Accountability and Restoring Trust - The Stakeholder Ecosystem - Understanding the Nature of Sustainable Value - The Value Preservation Imperative - The Challenge of Improving Corporate Governance 2. Response to Specific Questions: This section provides feedback in relation to the specific consultation questions outlined by the ACCA in the consultation paper. The comments included in this submission are intended to be a constructive attempt to positively contribute to this ACCA Corporate Governance inquiry in the hope that it will lead to a better understanding of the problems and also some solutions.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132780808","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}

{"title":"Estimating the Ethical Achievement Levels of Mutual Funds by Synthetic Indicators","authors":"E. Ballestero, D. Plà-Santamaria, M. Bravo, A. Bernabéu","doi":"10.2139/ssrn.2471446","DOIUrl":"https://doi.org/10.2139/ssrn.2471446","url":null,"abstract":"This paper deals with socially responsible investment (SRI) also known as ethical investment. Environmental and social levels of achievement for mutual funds are measured in an objective way from multiple SRI criteria. For this purpose, some synthetic indicators are designed. These indicators do not depend on particular preferences, because SRI preferences of investors in mutual funds widely change from an investor to another. To obtain a first indicator, we use Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) with equal weighting. We justify equal weighting from Laplace principle of insufficient reason concerning preferences. A second TOPSIS indicator is obtained from domination analysis, which does not require Laplacian assumptions. A software application is constructed, whose framework and practical use are shown. From actual information provided by Morningstar and KLD Research & Analytics Inc., a real world case is developed and commented.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"565 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123070633","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}

{"title":"Corporate Social Responsibility & Concession Theory","authors":"S. Padfield","doi":"10.2139/SSRN.2404021","DOIUrl":"https://doi.org/10.2139/SSRN.2404021","url":null,"abstract":"This Essay examines three related propositions: (1) Voluntary corporate social responsibility (CSR) fails to effectively advance the agenda of a meaningful segment of CSR proponents; (2) None of the three dominant corporate governance theories – director primacy, shareholder primacy, or team production theory – support mandatory CSR as a normative matter; and, (3) Corporate personality theory, specifically concession theory, can be a meaningful source of leverage in advancing mandatory CSR in the face of opposition from the three primary corporate governance theories. In examining these propositions, this Essay makes the additional claims that Citizens United: (A) supports the proposition that corporate personality theory matters; (B) undermines one of the key supports of the shareholder wealth maximization norm; and (C) highlights the political nature of this debate. Finally, I note that the Supreme Court’s recent Hobby Lobby decision does not undermine my CSR claims, contrary to the suggestions of some commentators.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124572698","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}

{"title":"The Unfairness Trap: A Key Missing Factor in the Economic Theory of Discrimination","authors":"J. Siegel, Naomi Kodama, Hanna Halaburda","doi":"10.2139/ssrn.2390078","DOIUrl":"https://doi.org/10.2139/ssrn.2390078","url":null,"abstract":"corporate performance, and individual compensation from a nationally representative sample of Japanese firms in the 2000s. We find that increases in the ratio of female executives, the presence of at least one female executive, and the presence of at least one female section chief are associated with increases in corporate profitability in the manufacturing sector. These results are not specific to Japanese firms only: North American multinationals operating in Japan also experience outsized benefits from hiring and promoting female managers. The results are robust to controlling for time effects and company fixed effects and the time-varying use of temporary and part-time employees. A very small part of the competitive benefit of employing female managers does flow from compensation savings, but a far larger part arises from direct productivity increases. Prior economic theory on discrimination is largely silent on the impact of discrimination on worker productivity and hence cannot explain these findings. We extend the theory by modeling this relationship, and test it empirically by showing that due to possible social comparison costs, only companies whose compensation of female talent compares well with compensation in the local labor market for similarly qualified males will see a significant performance benefit.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"257 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114058948","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}

{"title":"How Might Network Governance Found in Nature Protect Nature?","authors":"S. Turnbull","doi":"10.54648/eucl2014019","DOIUrl":"https://doi.org/10.54648/eucl2014019","url":null,"abstract":"A compelling incentive for firms to protect the environment is created by executive remuneration and tenure being based on Key Performance Indicators determined by environmentalist. This requires amending corporate constitutions to separate the power to manage the business from the power to govern the firm. Network governance, as used by nature, could then be introduced to make the connections to protect nature","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124080642","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}

{"title":"Do Corporate Social Responsibility Initiatives Favourable for Banks? Customer's Perceptions","authors":"Shahbaz Khan, Nida Baig, Aon Waqas Awan, M. Ullah","doi":"10.5296/BER.V4I1.5266","DOIUrl":"https://doi.org/10.5296/BER.V4I1.5266","url":null,"abstract":"The main purpose of this research is to investigate the response of Pakistani banking customers towards corporate social responsibility initiatives. This study also seeks to investigate the importance level of each initiative as per the customers’ perceptions. The sample includes 300 banking customers of Rawalpindi and Islamabad in Pakistan. The data has been collected by survey methodology from banking customers of Habib Bank Limited and United Bank Limited through the use of a structured questionnaire. Regression and correlation have been employed as data analysis techniques. After the data analysis, it has been concluded that banking customers are entirely in the favor of taking CSR initiatives in the banking industry. The results also show that banking customers have given the highest priority to customer centric initiatives, with the philanthropic initiatives at the 2 nd and, environmental initiatives at the last.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134230360","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}