This paper investigates the design of a leniency policy to fight corporate crime. We explicitly take into account the agency problem within the firm. We model this through a three-tier hierarchy: authority, shareholder, and manager. The manager may breach the law and report evidence to the...

We study corporate philanthropy using an original database that includes firm-level data on dollar giving, giving priorities, governance, and managerial involvement in giving programs. Results provide some support for the theory that giving enhances shareholder value, as firms in the same...

The purpose of this study is to compare, for countries with different legal environments, the degree to which boards of directors may improve corporate ethical behaviour by designing codes of ethics. These codes address issues such as a company's responsibility regarding the quality of its...

Purpose The aim of this theoretical and conceptual research paper is to give a definition of the concept of corporate citizenship, which together with business ethics and stakeholder management function as foundation of a vision of the UN Sustainable Development Goals (SDGs) for financial...

Die wichtigste Lektion der Korruptionsprävention besteht darin, das Problem nicht einzelnen Personen in der Organisation, sondern vielmehr der Organisation selbst zuzurechnen. Aus unternehmensethischer Sicht lautet daher die entscheidende Frage: Wie konstituiert sich eine Organisation als...

Wirtschaftskriminalität in Deutschland wird in jüngerer Zeit zunehmend auch von wirtschaftlichen Unternehmungen selbst problematisiert. Neben den materiellen Folgeschäden sind es dabei insbesondere die Verletzung des kaufmännischen Prinzips von Treu und Glauben und die Verunsicherung des...

"Being a good board member is not about knowing everything; it is about asking the right questions and challenging appropriately. Effective Directors: Questions To Ask (QTA) is a reference book for board members and executives globally to support them in their work. With chapters written by...

Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als Hidden Champions der deutschen Wirtschaft. In jüngster Zeit widmen sich Forscher vermehrt der Überprüfung dieser These und kommen zu diametral unterschiedlichen Ergebnissen. Einerseits wird...

The paper analyzes the optimal structure of board of directors in a firm with ownership concentrated in the hands of a large shareholder who sits on the board. We focus our attention on the choice between one-tier board who performs all tasks and two-tier board where the management board is in...