The functioning of multi-nation monetary unions with several central banks is conditioned by many factors and considerations, such as the capacity to deal with crises, the political will and operational skill to foster financial integration and to develop a mix of rules and discretion in the...

There are diverging results in the literature on whether engaging in ESG related activities increases or decreases the financial and systemic risks of firms. In this study, we explore whether maintaining higher ESG ratings reduces the systemic risks of firms in a stock market context. For this...

Discusses corporate social responsibility in the context of the 2008 global financial crisis. Considers the failure of corporate governance as one of the causes of the crisis. Examines how company law might be used to promote corporate social responsibility, noting in particular the concept of...