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Business leaders, government officials, and academics are focusing considerable attention on the concept of "corporate social responsibility" (CSR), particularly in the realm of environmental protection. Beyond complete compliance with environmental regulations, do firms have additional moral or...
Persistent link: https://www.econbiz.de/10012464657
We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched sample of 180 US companies, we find that corporations that voluntarily adopted sustainability policies by 1993 - termed as High Sustainability companies - exhibit by 2009 distinct...
Persistent link: https://www.econbiz.de/10012460709
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10012467161
producers in Egypt. Combined with detailed survey data, we causally identify the impact of exporting on firm performance …
Persistent link: https://www.econbiz.de/10012457976
answering one of three questions: 1) How are board characteristics such as composition or size related to profitability? 2) How …
Persistent link: https://www.econbiz.de/10012470565
We argue that management sells assets when doing so provides the cheapest funds to pursue its objectives rather than for operating efficiency reasons alone. This hypothesis suggests that (1) firms selling assets have high leverage and/or poor performance, (2) a successful asset sale is good news...
Persistent link: https://www.econbiz.de/10012474282
This paper examines executive turnover -- both for management and supervisory boards - - and its relation to firm performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year -- implying that top executives in Germany have...
Persistent link: https://www.econbiz.de/10012474534
This paper compares CEO and top management turnover and its relation to firm performance in the largest companies (by sales) in Japan and the U.S. Japanese top managers are older and have shorter tenures as top managers than their U.S. counterparts. Overall, however, turnover-performance...
Persistent link: https://www.econbiz.de/10012474914
negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by … may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …
Persistent link: https://www.econbiz.de/10012478115
Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the …, despite having, on average, lower book-to-markets and higher market capitalizations. Controlling for profitability also … profitability explains most earnings related anomalies, as well as a wide range of seemingly unrelated profitable trading strategies …
Persistent link: https://www.econbiz.de/10012462711