This paper explores the synchronicity of two mega-crises we are now facing: The BP oil spill and the repercussions of the 2008 financial meltdown. It examines some key common threads in both of these crises. The overarching message is that firms must maintain a culture of social responsibility,...

This paper aims to explore the tax revenue implications of legalizing sports gambling. Due to the very nature of sports gambling, the state will likely only retain, at a maximum, 5% of all bets wagered, while state gaming win may vary from year to year (AGA.) We believe that the rise in...

Organizations that succeed in the Information Age/Age of Internet and Globalization will have to be innovative and adapt quickly to changing market conditions. Approaches that worked in the past no longer work when competition can come from anywhere in the world and any industry. This paper...

The trend toward increased levels of business interconnectedness in the value chain has clouded the issue of responsibility for business practices. Firms have historically denied responsibility for many questionable practices by suggesting that such acts were committed somewhere else in the...

We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different countries across the world and operating in all major industries. Our principal findings...

Implementation of the concept of Corporate Social Responsibility (CSR) has become important for all stakeholders and an important part of company’s businesses and reporting. Little research attention is given to the research about CSR from employees' perspective and to the influence of CSR to...

The objective of this paper is to reflect on the consequences of the current economic and financial crisis on Corporate Social Responsibility (CSR), a concept of great importance nowadays. The core approach is the possible link between CSR and the crisis, if both elements can be combined. After...

This paper assesses whether shareholders drive the environmental and social (E&S) performance of firms worldwide. Across 41 countries, we find that institutional ownership is positively associated with E&S performance with additional tests suggesting this relation is causal. Our evidence shows...

Inspired by the LaPorta et al. (1997, 1998) work on comparative corporate governance, we tested the Matten & Moon (2008) framework to analyze differences in cross-national CSR performance. A model was built that questions whether different social, environmental and governance issues are more...

Compared to conventional mutual funds, socially responsible mutual funds outperform during periods of market crisis. This dampening of downside risk comes at the cost of under performing during non-crisis periods. Investors with Prospect Theory utility functions would value the skewness of these...