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Using a principal-agent model in which shareholders care about financial as well as environmental and social (ESG) outcomes, we provide a theoretical framework for regulating and measuring ESG outcomes. We show that when ESG cannot be reliably measured, regulators can improve ESG outcomes by...
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Satisfied and committed employees play a major positive role in business performance in today's globalized and competitive landscape. This paper contributes to the literature on the empirical determinants of job satisfaction and organizational commitment, drawing on a rich micro dataset for 36...
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