By the end of the twentieth century, the then-dominant literature on “law and finance” assumed that concentrated ownership was a product of deficient legal systems that did not sufficiently protect outside investors. At the same time, commentators posited that the competitive pressures of...

The purpose of this handbook is to provide a series of chapter concerning the practice of governance and of social responsibility which have been written by experts from all over the world. In doing so it is our intention to both highlight examples of practice, good and bad, and to show...

Sustainability is one of the most over-used words in business in the present time and the meanings attached to its use are so varied and vague as to render it effectively meaningless. In this chapter therefore we start by identifying an appropriate meaning for the concept before considering how...

This paper studies the patterns of internal liquidity management and their effect on bank lending, using a novel branch-level dataset of Brazilian banks. Our results suggest that internal liquidity management increases during times of financial stress. Privately owned banks are most affected by...

Nonprofits provide services for the common good and are having an increasing influence on the economy over time. There is consensus among prior studies in for-profit settings that social capital positively influences corporate financial performance. In contrast, this study analyzes the...

This study examines the extent to which government versus private controlling shareholders explain differences in multiple performance criteria. Drawing on the economic, political and civil service governance environment in China, we identify performance evaluation criteria for Chinese...

This research report studies the risk-adjusted performance of the major international equity indices against their ESG screened equivalents (MSCI World, MSCI USA, MSCI Emerging Markets, and MSCI Europe). The daily closing prices, returns, standard deviations, and Sharpe ratio characteristics are...

Once the global leader in telecommunication systems and the Internet, over the past two decades the United States has fallen behind global competitors, and in particular China, in mobile-communication infrastructure—specifically 5G and Internet of Things (IoT). This national failure, with the...

Implementing the complex Agenda 2030, with its high global Sustainable Development Goals (SDGs) requires, in the by now short time horizon of reference, an extraordinary effort, at all institutionals and private levels, to converge effectively on the whole system of intermediate and interrelated...

This study investigates the impact of financial resource availability on entrepreneurial orientation (EO), customer orientation (CO) and on growth in small- and medium-sized enterprises (SME) in Austria and Hungary. Structural equation modeling revealed that financial resource availability is...