Showing 1 - 10 of 204
Several authors suggest that trust is an important determinant of cooperation between strangers in a society, and … cooperation trust hold up remarkably well on a cross-section of countries …
Persistent link: https://www.econbiz.de/10014222386
relationships. Stakeholder effects of transparency are especially important for younger firms with less established track records (e … stakeholders and potential stakeholders can affect firm value. Our analysis indicates that while transparency (i.e., generating … about its quality is not prematurely generated. The costs associated with transparency arise because of asymmetric …
Persistent link: https://www.econbiz.de/10013065245
Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...
Persistent link: https://www.econbiz.de/10012767752
The literature on the effects of foreign direct investment (FDI) and activities of multinational enterprises (MNEs) on host-countries has been almost exclusively focused on issues of productivity, growth and wages. We argue that this leaves quite a bit of important unexplored areas of inquiry,...
Persistent link: https://www.econbiz.de/10013114291
This paper provides an empirical investigation of the hypothesis that companies engage in corporate social responsibility (CSR) in order to offset corporate social irresponsibility (CSI). We find general support for the causal relationship: when companies do more "harm," they also do more...
Persistent link: https://www.econbiz.de/10013122028
processes for stakeholder engagement, to be more long-term oriented, and to exhibit higher measurement and disclosure of …
Persistent link: https://www.econbiz.de/10013108252
This paper develops a simple framework for understanding the emergence of new organizational forms, such as socially responsible firms and social entrepreneurs, that embody the private sector's efforts to resolve problems that typically have been within the purview of government and traditional...
Persistent link: https://www.econbiz.de/10012954434
Business leaders, government officials, and academics are focusing considerable attention on the concept of quot;corporate social responsibilityquot; (CSR), particularly in the realm of environmental protection. Beyond complete compliance with environmental regulations, do firms have additional...
Persistent link: https://www.econbiz.de/10012759317
We document that investors derive nonpecuniary utility from investing in dual-objective VC funds, thus sacrificing returns. Impact funds earn 4.7 percentage points (ppts) lower IRRs ex post than traditional VC funds. In random utility/willingness-to-pay (WTP) models investors accept 2.5-3.7 ppts...
Persistent link: https://www.econbiz.de/10012857728
This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...
Persistent link: https://www.econbiz.de/10012858024