Im Februar dieses Jahres ist dem Bundesministerium der Justiz der deutsche Corporate Governance-Kodex (DCGK) übergeben worden. Er ist in der Zwischenzeit amtlich bekannt gemachtund mit einer gesetzlichen „Comply-or-Explain“-Regelung versehen. Damit sind nichtnur neue Anforderungen, sondern...

More and more investors apply socially responsible screens whenbuilding their stock portfolios. This raises the question whether theseinvestors can increase their performance by incorporating such screensinto their investment process. To answer this question we implement asimple trading strategy...

We test the frequently made claim that SRI funds are conventionalfunds in disguise. For this purpose, we compare the portfolio holdings ofSRI funds to conventional funds concerning their social and environmentalstandards. Our empirical study of US equity funds shows that SRI fundshave a...

Unternehmensgründer sind speziellen ethischen Herausforderungen ausgesetzt, vor allembei der Formulierung von Geschäftsideen, bei der Befolgung der rechtlichen Rahmenbedingungen,beim Verfassen von Businessplänen, beim Verhandeln mit Geschäftspartnernund beim Markteintritt. Sie verhalten sich...

Accounting is frequently described and recognized as the language of business because theexternal financial reporting function is extensively used as a principal means of communicatingresults of corporate economic activity to interested external parties. However, deficiencies withrespect to the...

There are people who are motivated by the non-selfish, non-strategic, and non-consequentialist“protected value” of truthfulness. We conduct an experiment directly assessing thisphenomenon. We find that people differ substantially in their truthfulness, with a largeminority powerfully...

This paper presents the results of a field study at a large financial services firm that combinesmultiple methods, including two economic experiments, to measure ethical norms and theirbehavioral correlates. Standard survey questions eliciting ethical evaluations of actions in on-thejobethical...

It has long been accepted that lack of social participation in wider society is oneaspect or one definition of poverty. Current concerns with the extent anddistribution of social capital as both a measure of a good society and as meansto upward mobility also emphasise the importance of social...