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The OECD Guidelines for the responsible business conduct of Multinational Enterprises is one of the largest corporate social responsibility programs (CSR) in the world. By February 2021, 501 allegations of misconduct by multinational companies have been brought to the attention of the National...
Persistent link: https://www.econbiz.de/10012624884
Persistent link: https://www.econbiz.de/10008872235
It is clearly accepted that good corporate governance is fundamental to the successfully continuing operating of any … corporation; hence much attention has been paid to the procedures of such governance. Often however what is actually meant by the … corporate governance of a firm is merely assumed without being made explicit; moreover it is assumed that the concept is simply …
Persistent link: https://www.econbiz.de/10013121477
This paper contributes to the existing literature about the effects of Corporate Social Responsibility (CSR) on market valuation. In particular, we investigate the impact of sustainability reporting under the global reporting initiative (GRI) on the firm value of non-financial EUROSTOXX 600...
Persistent link: https://www.econbiz.de/10013089534
, tactical, and operational levels. These critical activities include the management of governance, risk, compliance …
Persistent link: https://www.econbiz.de/10013067333
Theory offers differing perspectives and predictions about the impact of product market competition on corporate social responsibility (CSR). Using firm-level data on CSR from 2002 through 2015 and panel data on competition laws in 48 countries, we discover that (1) intensifying competition...
Persistent link: https://www.econbiz.de/10012833528
examines the relationship between board network centrality and firms' environmental, social and governance (ESG) performance …, betweenness, and information centrality, have positive influence on firms' environmental, social and governance (ESG) performance …), which leads to better environmental, social, and governance (ESG) performance …
Persistent link: https://www.econbiz.de/10012834163
Using enforcements of the Foreign Corrupt Practices Act, we test the hypothesis that socially responsible (ESG) firms … specifications derived from a Nash Bargaining model. To account for ESG firm bribes potentially being unobservably less egregious, we … instrument ESG with regulation pages in the state of the firm's headquarters. Our instrumented estimates point to ESG firms …
Persistent link: https://www.econbiz.de/10012904737
Using a simple cheap-talk game, we theoretically demonstrate that corporate social responsibility (CSR) helps mitigate the CEO-board information asymmetry, leading to more informed advising and monitoring by the board. By optimally engaging in CSR, the board can take advantage of stakeholder...
Persistent link: https://www.econbiz.de/10012900059
Theory offers differing perspectives and predictions about the impact of product market competition on corporate social responsibility (CSR). Using firm-level data on CSR from 2002 through 2015 and panel data on competition laws in 48 countries, we discover that intensifying competition induces...
Persistent link: https://www.econbiz.de/10012823692