Whether a firm's environmental performance influences its financial performance is an unsolved puzzle. In this paper, we investigate if the market rewards concern for environmental issues over the long term. We use KLD's environmental score to construct two matched portfolios that differ in...

The financial crisis has brought about dramatic consequences for economies and societies. Questions emerge about responsibility for the crisis and, implicitly or explicitly irresponsibility; the obligations to take responsibility for the costs and other adverse effects of the recession; and the...

This dissertation explores the mechanisms of institutional change in practice. The institutional change under study relates to the progressive penetration of Socially Responsible Investment (SRI) criteria into conventional investment funds, a phenomenon which appeared during the 2000s, known as...

There are no easy, off-the-shelf solutions for persistent societal problems, because these are caused by fundamental flaws in our societal systems. Such systemic errors demand radical changes in our thinking and actions, i.e. transitions and system innovations. Transitions require a long period...

Servant leadership focuses on the betterment and support of others by seeking to meet the interests, needs, and ambitions of others' above one's own. The following paper looks at philanthropy as a catalyst to drive servant leadership behaviors based on situational proximity. The findings of the...

This paper maintains that responsible tourism practices can be re-conceived strategically to confer competitive advantage. It looks at the extant literature surrounding the notions of “responsible tourism” and “shared value”. A qualitative research involved in-depth, semi-structured...

When Edith T. Penrose became Fritz Machlup’s student in the late-1940s, she found little in mainstream or Austrian economics to guide her as she began her explorations into the growth of the firm. While she acknowledged Kenneth Boulding’s influence on her work, we suspect she drew on a...

This study examines the critical role of capital market governance in driving Bangladesh's economic growth. The paper analyzes the key components of effective governance, including transparency, fair market conduct, and investor protection. It assesses the current state of capital market...

This study examines the impact of the COVID-19 on the wellbeing of individuals in Great Britain, as measured by life satisfaction and happiness, by analysing the dramatic drop in travel during this time. The Bayesian VAR model considers a range of exogenous and endogenous variables, including...

In this paper a new evolutionary algorithm based on the region search evolutionary algorithm (RSEA) is developed for optimal energy management and operation of microgrids. Islanded microgrid operation is more crucial than the conventional distribution grids because of less dependency of the...