AARN: Corporations (Topic)最新文献

{"title":"The Business and Human Rights Arbitration Rule Project: Falling Short of its Access to Justice Objectives","authors":"Lisa E. Sachs, Lise Johnson, K. Cordes, J. Coleman, B. Guven","doi":"10.2139/ssrn.3726036","DOIUrl":"https://doi.org/10.2139/ssrn.3726036","url":null,"abstract":"The Hague Rules on Business and Human Rights Arbitration, initiated by the Business and Human Rights Arbitration Working Group, aims to create an international private judicial dispute resolution avenue available to parties involved in business and human rights issues, thereby helping to address the significant remedy gap faced by victims of business-related abuses. With the perspective that “international arbitration holds great promise as a method to be used to resolve human rights disputes involving business,” the Drafting Team released, in November 2018, an Elements Paper on Business and Human Rights Arbitration, as well as, in June 2019, Draft Arbitration Rules on Business and Human Rights. Following the release of the Draft Rules, CCSI published this Briefing Note, \"The Business and Human Rights Arbitration Rule Project: Falling Short of its Access to Justice Objectives.”","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122628691","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":"Can Human Rights Provide a Workable Ethical Framework for Corporate Governance?","authors":"A. Lumsden, Phoebe Wynn-Pope","doi":"10.2139/ssrn.3399313","DOIUrl":"https://doi.org/10.2139/ssrn.3399313","url":null,"abstract":"We suggest that the Commission’s recommendations can be made ‘organisation ready’ if the ethical culture is developed in a way that is consistent with internationally recognized human rights norms. Human rights remove some of the subjective element from ethics and replace it with internationally agreed standards ready to be incorporated into thoughtful governance and corporate decision making processes. We suggest that this model can help build valuable social capital so organisations are seen to be self-regulating ethical conduct beyond governmental controls.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125347068","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":"Universal Ownership in the Anthropocene","authors":"Ellen Quigley","doi":"10.2139/ssrn.3457205","DOIUrl":"https://doi.org/10.2139/ssrn.3457205","url":null,"abstract":"This paper reviews the existing literature on Universal Ownership Theory and expands on it to encompass a theoretical and practical framework for Universal Owners in the Anthropocene era. This extension of the theory is necessary because of the scale and urgency of the climate crisis, on one hand, and the expansion of the category of funds considered to be Universal Owners on the other – through the rise of fiduciary capitalism and the increase in institutional ownership, and through the increasing prevalence of passive investing. \u0000 \u0000This paper incorporates several novel elements into Universal Ownership Theory: an Existential Risk lens, which highlights the portfolio risk of civilisational collapse; a theoretical framework that reflects advances in behavioural science; a practical investment framework based on the tenets of Positive Investment, including asset class-specific recommendations with a focus on capital allocation, the primary-to-secondary market transition, and “ungameable” metrics; and the proposition of a “duty of expansion” for Universal Owners to extend participation to communities and regions of the world currently underrepresented among the body of large institutional investors.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"269 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132014322","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":"Mediating and Mutual Effects of Trust and Identity between CSR and CSV","authors":"Jeong-Ja Choi, Y. Song, C. Robb","doi":"10.16980/JITC.15.2.201904.79","DOIUrl":"https://doi.org/10.16980/JITC.15.2.201904.79","url":null,"abstract":"CSV is considered an advanced concept, connecting firm success with social progress, thus differentiating itself from traditional CSR, which ultimately focuses on creating corporate profits. Customer identification and trust toward an organization are considered exceptional interpreters of firm success, leading to support and sustained growth for the firm. For this reason, the factors contributing to creating shared value are of importance to both industry specialists and academics alike. This study examines which antecedent variables, including CSR, trust, and identity, will strongly influence CSV to participating visitors in co-creating shared value with exhibition organizers. Additionally, this study aims to identify dual mediating roles of trust and identity in the relationship between CSR and CSV. A total of 300 self-administered questionnaires were distributed to visitors attending ‘Leisure Exhibition Week’ in Daegu, South Korea, recording an 89.3% response rate. The results of the study show that CSR has a positive influence on both trust and CSV, but not identity. Trust showed a statistically significant impact on CSV; however, identity had no impact on CSV. This study also measured both the mutual and mediating effects of trust and identity between CSR and CSV. Finally, the results of this study will provide exhibition stakeholders with an insight into the sustainable growth of the industry.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133750025","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 Governance at Lehman Brothers","authors":"Chenoy Ceil","doi":"10.2139/ssrn.3521073","DOIUrl":"https://doi.org/10.2139/ssrn.3521073","url":null,"abstract":"The Lehman Brother’s corporate governance mechanisms and internal control systems were the utilization of the board of directors to regulate the functioning of the company. However, in spite of these control mechanisms and corporate governance, Lehman Brother’s failed because the company was dominated by the CEO of the company, Richard Fuld. Some of the new regulations such as the living will, are yet to be completely enforced and, it is for the regulatory agencies to strictly enforce the Basel III regulations to prevent future bailouts of financial institutions.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129953523","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":"Irrelevance of Governance Structure","authors":"Z. Goshen, D. Levit","doi":"10.2139/ssrn.3340912","DOIUrl":"https://doi.org/10.2139/ssrn.3340912","url":null,"abstract":"Does corporate governance structure matter for firm value? We develop a model in which the allocation of control rights between shareholders and managers (“governance structure”) affects managers’ incentive to invest (strong governance tightens managerial freedom and weak governance loosens it), and firms’ investment decisions are linked through a market for resources. We show that in a competitive equilibrium, which is socially efficient, corporate governance is irrelevant to firm value even in the presence of agency costs and incomplete markets. Our analysis, therefore, provides an important benchmark against which the effects of governance structures could be evaluated.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130491430","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":"Regional Differences in Impact Investment: A Theory of Impact Investing Ecosystems","authors":"Philip T. Roundy","doi":"10.1108/SRJ-11-2018-0302","DOIUrl":"https://doi.org/10.1108/SRJ-11-2018-0302","url":null,"abstract":"\u0000Purpose\u0000Impact investing, a type of values-based investing that combines financial investment with philanthropic goals, is receiving heightened scholarly and practitioner attention. The geography of impact investing, however, is largely unexamined, and it is not clear why some regional impact-investing communities are more vibrant than other communities. Regional differences in entrepreneurial activities are increasingly explained by differences in the vitality of entrepreneurial ecosystems, the set of interconnected forces that promote and sustain regional entrepreneurship. The purpose of this paper is to leverage insights from entrepreneurial ecosystems studies to understand the dynamics of communities that encourage and support impact investing.\u0000\u0000\u0000Design/methodology/approach\u0000To explain inter-regional differences in the prevalence and intensity of impact investing, this conceptual paper draws from research on entrepreneurial ecosystems and impact investment to theorize about the ecosystem attributes and components that drive vibrant impact investing communities.\u0000\u0000\u0000Findings\u0000It is theorized that vibrant impact investing ecosystems have three system-level attributes – diversity, cohesion and coordination – that are influenced by the core components of the ecosystems, including the characteristics of investors, the presence of social impact support organizations and cultural values that promote blending logics.\u0000\u0000\u0000Originality/value\u0000The theoretical model contributes to research on impact investing and hybrid organizing, produces concrete implications for ecosystem builders and sets an agenda for future research.\u0000","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126802346","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":"Alternative Analyses of Market Value Added: A Case Study of Thailand","authors":"Paiboon Sareewiwatthana, Phasin Wanidwaranan","doi":"10.21511/IMFI.16(1).2019.05","DOIUrl":"https://doi.org/10.21511/IMFI.16(1).2019.05","url":null,"abstract":"This paper examines the market value added (MVA) of listed companies in Thailand. It is known that the major drawbacks of MVA are size and market return effects. Using the two additional approaches to improve MVA study – MVA change, and the market return adjusted of three-year growth rate of MVA – the better interpretations of MVA in the Thai market during 1999–2018 are obtained. The first approach reduces the market capitalization bias, while the second diminishes the effect of the overall market trend and the stability of firm’s current performance. This study finds that when the two alternative techniques are applied, the annual results of the MVA rankings are not consistent with those of the traditional MVA and thus lead to a new insight into such indicator. Therefore, this study advances the understanding of the market value added and value creation indicators.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"329 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121581755","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":"Multifunctional Organisation Models: A Systems-Theoretical Framework for New Venture Discovery and Creation","authors":"Steffen Roth, V. Valentinov, J. Kaivo‐oja, Léo-Paul Dana","doi":"10.1108/JOCM-05-2018-0113","DOIUrl":"https://doi.org/10.1108/JOCM-05-2018-0113","url":null,"abstract":"Are entrepreneurial opportunities discovered or created? The debate around this question has crucial implications for successful organizational change management in the business world. The present conceptual paper transcends this debate by embedding the concept of the entrepreneurial opportunities within a Luhmannian systems – theoretical framework which accentuates the unique role of organization and change in the age of functional differentiation. The purpose of this paper is to show how the strategic navigation of the borders between function systems such as politics, science, education, religion, art, or, of course, economy leads to the discovery or creation new opportunities for both business and social entrepreneurship.,The paper combines Niklas Luhmann’s theory of social differentiation with Kim and Mauborgne’s Blue Ocean Strategy. The key argument is that the alternative regimes of social differentiation, such as segmentation, centralization, stratification, and functional differentiation, create distinct pools of entrepreneurial opportunities to be discovered, created, and exploited by adequate business models. (Business) Organizations, therefore, need to strategically adjust the amount of attention they devote to the different forms of social differentiation. The argument is buttressed with illustrative examples of business models related to the regime of functional differentiation.,A paradoxical finding is that the multifunctional business models which explicitly draw on the value creation potential of the most recent form of social differentiation, functional differentiation, remain little known even though they infuse business organizations with a unique capacity of new venture discovery and creation in the modern society.,Multifunctional business models have so far remained unexplored in entrepreneurship theory and practice. This paper develops a first strategic approach to the discovery or creation of both multifunctional business models and a broader framework of multifunctional organization models.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132161794","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":"National Culture and Corporate Rating Migrations","authors":"Huong Dang","doi":"10.3390/RISKS6040130","DOIUrl":"https://doi.org/10.3390/RISKS6040130","url":null,"abstract":"The informal constraints that arise from the national culture in which a firm resides have a pervasive impact on managerial decision making and corporate credit risk, which in turn impacts on corporate ratings and rating changes. In some cultures, firms are naturally predisposed to rating changes in a particular direction (downgrade or upgrade) while, in other cultures, firms are more likely to migrate from the current rating in either direction. This study employs a survival analysis framework to examine the effect of national culture on the probability of rating transitions of 5360 firms across 50 countries over the period 1985–2010. Firms located in long-term oriented cultures are less likely to be downgraded and, in some cases, more likely to be upgraded. Downgrades occur more often in strong uncertainty-avoiding countries and less often in large power distance (hierarchy) and embeddedness countries. There is some evidence that masculinity predisposes firms to more rating transitions. Studying culture helps enrich our understanding of corporate rating migrations, and helps develop predictive models of corporate rating changes across countries.","PeriodicalId":261576,"journal":{"name":"AARN: Corporations (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128585412","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}