Corporate Social Responsibility (CSR) eJournal最新文献

{"title":"ESG and CEO Turnover","authors":"Gonul Colak, Timo P. Korkeamaki, Niclas Meyer","doi":"10.2139/ssrn.3710538","DOIUrl":"https://doi.org/10.2139/ssrn.3710538","url":null,"abstract":"We investigate corporate reactions to problems related to Environmental, Social, and Governance (ESG) issues by observing the connection between negative media attention to these issues and CEO turnover. We use a sample of large US and European firms, which allows us to consider covariates not only at individual-, firm-, and industry levels, but also at the country level. We find that ESG-related negative news has a robust and significant impact on CEO replacement odds, and this impact is proportional to the severity of an event. Also, CEO turnover probability is inversely proportional to the stock market reaction to an ESG incident in both common-law and civil-law countries, however, the negative media attention on itself (\"shaming\") can trigger CEO turnover only on latter group of countries.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114339362","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":"Exploring How Independent Directors View CSR Inequality Using A Quasi-Natural Experiment","authors":"Viput Ongsakul, Napatsorn Jiraporn, P. Jiraporn","doi":"10.2139/ssrn.3674355","DOIUrl":"https://doi.org/10.2139/ssrn.3674355","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to explore corporate social responsibility (CSR) inequality, which is the inequality across different CSR categories. Higher inequality suggests a less balanced CSR policy. To determine if CSR inequality is beneficial or harmful, this paper investigates how independent directors view CSR inequality, using an exogenous regulatory shock introduced by the passage of the Sarbanes–Oxley Act.\u0000\u0000\u0000Design/methodology/approach\u0000To draw causality, this study relies on a quasi-natural experiment based on an exogenous regulatory shock that forced certain firms to raise board independence. This approach is significantly less vulnerable to endogeneity and is much more likely to show a causal effect. The results using propensity score matching, principal component analysis and instrumental-variable analysis are confirmed.\u0000\u0000\u0000Findings\u0000The difference-in-difference estimates show that independent directors view CSR inequality unfavorably. Specifically, board independence diminishes CSR inequality by approximately 34%-43%. Because the empirical strategy is based on a quasi-natural experiment, the results are more likely to show causality. The results also imply that CSR inequality is a crucially important aspect of CSR.\u0000\u0000\u0000Originality/value\u0000Although a substantial volume of research has examined CSR, one vital aspect of CSR has been largely unexplored. Filling this void in the literature, the CSR inequality is investigated. The study is the first to explore how independent directors view CSR inequality using a quasi-natural experiment.\u0000","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126353389","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":"Managing Knowledge to Counter Climate Change","authors":"S. Turnbull","doi":"10.2139/ssrn.3649208","DOIUrl":"https://doi.org/10.2139/ssrn.3649208","url":null,"abstract":"The purpose of this paper is to apply existing knowledge to counter climate change. The contribution to knowledge is to ground institutional analysis, individual behaviour, political science, economics, management and the management of global sustainability in the practices and science of governance found in nature. This is achieved by using bytes as the unit of analysis to explain how nature governs complexity on a more reliable and comprehensive basis than achieved by humans. Tax incentives could encourage organisations to adopt elements of ecological governance found in nature and in social organisations identified by Ostrom and the author. Ecological governance can provide benefits for all stakeholders as desired by CEO’s of the US Business Round Table. Corporations then become a common good to allow them to promote global common goods like countering climate change, pollution and inequalities in power, wealth and income. Democracy is enriched bottom-up.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121924241","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":"In Too-Big-To-Fail We Trust: Ethics and Banking in the Era of COVID-19","authors":"Nizan Geslevich Packin","doi":"10.2139/SSRN.3644866","DOIUrl":"https://doi.org/10.2139/SSRN.3644866","url":null,"abstract":"The COVID-19 economic crisis has brought to light something very broken in the American banking system—banks prioritize their own profits over the interests of those they serve and interests of social justice. And they are permitted to do so because they do not owe a fiduciary duty to their customers and are not social welfare maximizing entities.In an effort to support the economy, the US government passed numerous stimulus acts, which included, among other things, a Paycheck Protection Program (PPP), and the distribution of relief checks to consumers. To effectuate the massive distribution of liquidity on an expedited basis, the government relied on big banks. But instead of prioritizing the public welfare, the banks were focused on their bottom lines and thus did not carry out the true intent of the stimulus. For example, with respect to the PPP, although the Small Business Administration was required to process the loans on a first-come, first-served basis, the banks were not. And absent that requirement, the banks prioritized richer and bigger customers. As a result, women and minority-owned small businesses, as well as peripheral area-based small businesses, found themselves facing more barriers to getting loans. Similarly, with respect to the direct distribution of relief checks to consumers, banks prioritized their own interests over those of their customers. For example, in an effort to collect bank debt, banks froze and seized the funds from government relief checks deposited into consumer accounts before the consumers that needed those funds received them. Consequently, various state attorney generals and courts had to intervene, and mandate that the consumers be permitted to use the funds as the government had intended—for necessities like food and shelter.There are several techniques we can employ to modify banks’ ethical behavior and cultural norms. This Essay discusses such methods, which include (i) a top-down regulatory approach;(ii) the creation of market-led initiatives;(iii) an interpretive fix, offered by the judicial system;and (iv) a public criticism and shaming semi-regulatory approach.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124879545","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":"Government Briefing: Incorporating Free, Prior and Informed Consent (FPIC) into Investment Approval Processes","authors":"Kelly Dudine, Sam Szoke-Burke","doi":"10.2139/ssrn.3657672","DOIUrl":"https://doi.org/10.2139/ssrn.3657672","url":null,"abstract":"Investor-state contracts are regularly used in low- and middle-income countries to grant concessions for land-based and natural resource investments, such as agricultural, extractive industry, forestry, or renewable energy projects. These contracts are rarely negotiated in the presence of, or with meaningful input from, the people who risk being adversely affected by the project. This practice will usually risk violating requirements for meaningful consultation, and, where applicable, free, prior and informed consent (FPIC), and is particularly concerning when the investor-state contract gives the investor company rights to lands or resources over which local communities have legitimate claims.<br><br>This article explores how consultation and FPIC processes can be practically integrated into investor-state contract negotiations to better safeguard the land rights and human rights of members of project-affected communities. Based on a review of relevant international law standards and guidance documents, a close analysis of typical investor-state negotiations and of consultation and consent processes in other contexts, and a workshop with Indigenous and civil society representatives, the article provides three options for integrating consultation and consent processes into contract negotiations, the appropriateness of which will vary depending on local contexts and communities’ resources and decision-making structures.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131017040","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 Influence of Price, Promotion, and Word of Mouth On Buying Interest","authors":"Osly Usman, Nisrina Sukma Dyanti","doi":"10.2139/ssrn.3638868","DOIUrl":"https://doi.org/10.2139/ssrn.3638868","url":null,"abstract":"This study aims to determine whether there is an effect of Price, Promotion, and Word of Mouth on buying interest. This research was conducted for two months from April to May 2020. The research method used was a survey method with a causality approach. The population in this study was the general public, which totaled 212 respondents. Data collection techniques using literature and questionnaire techniques. Data analysis techniques using SPSS 25.0 and AMOS 22.0 with structural equation analysis (SEM). The results showed that each variable had the same effect. So it can be said, if the high buying interest will affect the price, promotion, and Word of Mouth. The effect of good Prices, Promotions and Word of Mouth will certainly increase high Buying Interest.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127722669","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":"Introduction to Community Engagement and Investment","authors":"Alan S. Gutterman","doi":"10.2139/ssrn.3798809","DOIUrl":"https://doi.org/10.2139/ssrn.3798809","url":null,"abstract":"Sustainability is about the long-term wellbeing of society, an issue that encompasses a wide range of aspirational targets including the sustainable development goals (SDGs) of the 2030 Agenda for Sustainable Development adopted by world leaders that went into effect on January 1, 2016. The SDGs, which include, among other things, ending poverty and hunger, ensuring healthy lives and promoting wellbeing for all, ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all, are based on the recognition that society in general is vulnerable to a number of significant environmental and social risks including failure of climate-change mitigation and adaptation, major biodiversity loss and ecosystem collapse, man-made environmental planning and disasters (e.g., oil spills), failure of urban planning, food crises, rapid and massive spread of infectious diseases and profound social instability. Clearly the challenges described above are daunting and for most businesses it may be difficult for them to see how they can play a meaningful role in address them. While it is common for “society” to be identified as an organizational stakeholder, the reality is that one company cannot, acting on its own, achieve all the goals associated with societal wellbeing. However, every company, regardless of its size, can make a difference in some small, yet meaningful way, in the communities in which they operate, and more and more attention is being focused on the impact that companies have within their communities. Focusing on the community level allows an organization to set meaningful targets and implement programs that fit the scale of its operations and which can provide the most immediate value to the organization and its stakeholders.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125903688","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":"(Mis)Classification of Water Systems in the United States","authors":"J. Beecher, Kyle Redican, Megan Kolioupoulos","doi":"10.2139/ssrn.3627915","DOIUrl":"https://doi.org/10.2139/ssrn.3627915","url":null,"abstract":"The definitive federal census and repository for regulated water system data in the United States, universally used by researchers and policymakers, is the Safe Drinking Water Information System (SDWIS). We consider the veracity of the data used to identify and differentiate water systems. This research proposes a more exact classification scheme and typology, with a structural-function logic, and applies it to the community water systems (CWSs) in the Great Lakes region. Applying our proposed typology of water systems, the analysis highlights the striking asymmetry between the presence of governmental primary systems and nongovernmental ancillary systems, as well as the hybrid and interconnected nature of many water systems. The ideal action is not for researchers to try to fix the data but for USEPA to fix the system by which the data are generated. We provide policy recommendations for renovating SDWIS to improve system accountability, research credibility, and policy development.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115312641","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 Irrelevance of ESG Disclosure to Retail Investors: Evidence from Robinhood","authors":"Austin Moss, J. Naughton, Clare H. Wang","doi":"10.2139/ssrn.3604847","DOIUrl":"https://doi.org/10.2139/ssrn.3604847","url":null,"abstract":"Using an hourly dataset on retail investor security positions from Robinhood Markets, we find that ESG disclosures are irrelevant to retail investors’ portfolio allocation decisions. The response to ESG press releases by retail investors is no different than the routine portfolio adjustments that occur on non-event days. In contrast, these same investors make economically meaningful changes to their portfolios in response to press releases that do not pertain to ESG, especially those that pertain to earnings announcements. Our findings are not due to a lack of statistical power or other data shortcomings. Our conclusions contrast with evidence from experimental studies that retail investors respond favorably to ESG disclosures. In addition, while prior ESG studies have generally viewed investors as a single homogeneous group, our findings suggest that it is important to distinguish between retail and institutional investors.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122844628","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: Where are the Companies Spending?","authors":"Aditi Agarwal","doi":"10.2139/ssrn.3638883","DOIUrl":"https://doi.org/10.2139/ssrn.3638883","url":null,"abstract":"While schedule VII lists down various social causes that can be taken up to fulfill the mandatory requirement, it doesn’t give a direction as to how the allocation of funds needs to be done. This research thus aims at finding out how the chosen corporate have been allocating their CSR funds over 5 years (2015-2019), consequently suggesting some reforms in the provision that could help encourage more companies to fulfill their CSR obligations.","PeriodicalId":388011,"journal":{"name":"Corporate Social Responsibility (CSR) eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127029132","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}