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Purpose- This study investigates the impact of Corporate Social Responsibility (CSR) on stock prices of Indian listed companies. The literature reviews show a strong contradictory of the relationship between CSR and stock prices which is still debatable. This study will tell whether there is a...
Persistent link: https://www.econbiz.de/10014361794
Milton Friedman has famously claimed that the responsibility of a manager who is not the owner of a firm is "to conduct the business in accordance with their [the shareholders'] desires, which generally will be to make as much money as possible." In this paper we argue that when contracts are...
Persistent link: https://www.econbiz.de/10011906086
Using enforcements of the Foreign Corrupt Practices Act, we test the hypothesis that socially responsible (ESG) firms receive lower sanctions from prosecutors. Since virtually all cases are settled by bargaining, we estimate sanction specifications derived from a Nash Bargaining model. To...
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Despite the increasing inclusion of ethics and compliance issues in corporate training, the business world remains rife … life. With this in mind, this paper addresses the formative, developmental question of how companies’ ethics and compliance … qualitative analysis of existing ethics and compliance training and the conceptual literature on behavioral ethics, a framework is …
Persistent link: https://www.econbiz.de/10012228038
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In 2010, Maryland became the first state to allow firms to incorporate as “benefit corporations,” which are for-profit entities with a social purpose. Since then, nineteen other states have followed. Using survey data from the population of 94 benefit corporations existent at the time of the...
Persistent link: https://www.econbiz.de/10013065504
Corporate social responsibility, disclosed in sustainability reporting, influences the financial performance of companies. As a result, traditional stock market indices (TI) are expanded with the social responsible stock market indices (SRI). The aim of this study was to establish whether there...
Persistent link: https://www.econbiz.de/10012954234
This study principally entails an examination of the relationship between ownership structure and CSR practices. First, our results demonstrate that family firms tend to be passive in their CSR activities, which is the first to address this topic. Second, our findings imply that a national...
Persistent link: https://www.econbiz.de/10012870365