Initiatives by private actor groups to cut carbon emissions, adopt climate-smart agriculture practices and increase renewable energy are growing in scope and ambition. Although links exist with public policy, these actions are not mandated by public law. Instead, participation is driven by a...

An emerging trend in financial services is banks’ increasingly common refusal to do business with industries for political reasons rather than for traditional business justifications. Banks’ refusals are often explained by a desire to make a difference or send a message. While this desire...

We review key issues in worldwide governance and present the latest findings related to empirical measurement in this field. We focus on key governance components, such as rule of law, voice and accountability, corruption control, and state capture by region and for selected countries. The...

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...

The most vital and deeply practical argument for more broadly understanding corporate purpose comes from the management literature and the data on how to motivate people in organizations. When employees care – when they are engaged – they use discretionary effort. Management research shows...

Fifty years ago, Friedman compellingly presented his argument for shareholder primacy. But as currently implemented, shareholder primacy threatens the unifying purposes that drove people to form corporations to begin with. It’s time for a re-examination of what binds us together to do great things

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...

The term ‘enterprise search’ (ES) refers to the information retrieval applications that use a range of different core technologies to search enterprise repositories. It includes the search of the organisation’s external web site, intranets and other electronic text held by the organisation...