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Sample records for bk090041 haemonetics corporation

  1. Post-transfusion purpura treated with plasma exchange by haemonetics cell separator. A case report

    DEFF Research Database (Denmark)

    Laursen, B; Morling, N; Rosenkvist, J; Sørensen, H; Thyme, S

    1978-01-01

    A case of post-transfusion purpura in a 61-year-old, multiparous female with a platelet alloantibody (anti-Zwa) in her serum is reported. The patient was successfully treated with plasma exchange by means of a Haemonetics 30 cell separator and corticosteroids. Compared with other therapeutic meas...

  2. The role of in process qualification in quality improvement of the haemonetics MCS plus leucodepleted platelet concentrate.

    Science.gov (United States)

    Seghatchian, J; Beard, M; Krailadsiri, P

    2000-06-01

    With the implementation of universal leucodepletion in UK all leucodepletion processes have gone through a standard process qualification and quality improvement. The Haemonetics MCS system is a well established automated platelet collection system for the production of double dose leucoreduced platelet concentrate (WBC approximately 70x10(6)/dose). Recently an automated post collection filtration harness system has been introduced (MCS plus LDP) in which platelets are filtered, using an in-line PALL polyester filter (LRFH6 PALL) to reduce the WBC level to below 5x10(6) WBC/dose. This system passed our Phase I evaluation process based on 20-40 runs. However, some changes in the final volume of the products were needed to conform to national guidelines. Large scale trials using the new volume adjusted protocol revealed occasional failure in the leucocyte content. Therefore, 100% testing had to be implemented on all products. A national evaluation was carried out to determine whether changing the filter to a more efficacious one, the LRFXL (PALL) or slowing the filtration flow rate can influence the overall outcome. To reduce donor variability, known donor population were used with identical apheresis conditions. A more consistent and systematic drop in leucocyte content was observed by reducing the flow rate whereas a similar failure (i.e. 1-3%) rate was found both in controls and LRFXL when using the standard head pressure, which is recommended by the manufacturer. A similar failure rate was found using three different low leucocyte counting technologies (Nageotte, flow cytometry and Imagn 2000). It is recommended that a process qualification/validation program should be implemented when even a small modification in the collection system is introduced. PMID:10831919

  3. Corporate Responsibility

    DEFF Research Database (Denmark)

    Waddock, Sandra; Rasche, Andreas

    2015-01-01

    We define and discuss the concept of corporate responsibility. We suggest that corporate responsibility has some unique characteristics, which makes it different from earlier conceptions of corporate social responsibility. Our discussion further shows commonalities and differences between corporate...... responsibility and related concepts, such as corporate citizenship and business ethics. We also outline some ways in which corporations have implemented corporate responsibility in practice....

  4. [Haptoglobin determination in the serum of patients following intraoperative autotransfusion using the Haemonetics Cell Saver III. Studies on the loading of patients with free hemoglobin in retransfused erythrocyte concentrate].

    Science.gov (United States)

    Henn, A; Hoffmann, R; Müller, H A

    1988-12-01

    In addition to hemodilution, mechanical intraoperative autotransfusion (IAT) is the most important method of preventing or minimizing the transfusion of homologous blood in operations with major blood loss. Most of the problems associated with IAT could be solved by the use of cell separators, but the separated red blood cells still contain an average of 200 mg/dl free hemoglobin. By the determination of haptoglobin levels before and after IAT, we studied the effects of free hemoglobin on the patient. Seventy-seven patients with hip-joint replacement were studied. In one group, n = 47, both intraoperative blood loss and drainage blood (for 6 h post-operatively) were collected and transfused back to the patient after cell separation with the Haemonetics Cell-Saver III as a red-cell concentrate. A second group, n = 34, received only homologous blood. Serum haptoglobin was determined after anesthesia induction and after the last transfusion on the day of operation. There were no significant differences in preoperative haptoglobin levels between both groups. In the IAT group, haptoglobin was significantly lower then in the control group after transfusion (t-test, P = 0.05). In both groups 14% of the patients' haptoglobin levels were pathologic preoperatively. Post-transfusion 60% of the IAT group showed minimum levels while in another 14% no haptoglobin could be measured. In these 14%, free hemoglobin was circulating in the patients' blood because the transport capacity was exhausted. In the control group only 26.5% of the haptoglobin levels were below normal and in no case was transport capacity exhausted (Table 3). The correlation between volume of retransfused autologous blood and decrease in haptoglobin level was small (r = 0.15). In a few cases with low volumes of retransfused blood the haptoglobin decrease may have been greater, so that free hemoglobin may have been present. PMID:3218723

  5. Corporate Branding and Corporate Reputation

    DEFF Research Database (Denmark)

    Karmark, Esben

    2013-01-01

    Corporate branding has been seen as developing in “waves”. This chapter explores the links between corporate branding and corporate reputation as they emerge in the context of three waves of corporate branding. It highlights the way in which the two constructs have related to each other through o...... for corporate brands and corporate communication.......Corporate branding has been seen as developing in “waves”. This chapter explores the links between corporate branding and corporate reputation as they emerge in the context of three waves of corporate branding. It highlights the way in which the two constructs have related to each other through...... organizational culture and identity, and how, although characterized by parallel developments, new ideas and models from a “third” wave of corporate branding challenge prevailing assumptions of corporate reputation particularly in terms of the assumptions that reputations emerge from authentic and transparent...

  6. Corporate culture

    OpenAIRE

    Brodská, Monika

    2008-01-01

    This bachelor thesis deals with the concept of corporate culture. The theoretical part is focused on the explanation of the concept of corporate culture, its material and immaterial components, characteristics and typologies of selected authors. The practical part of my work is devoted to research the statement of corporate culture in the selected Belarusian corporation and to create recommendations for the improvements of corporate culture, which is the contribution of my thesis. During the ...

  7. Corporate Law and Corporate Governance

    OpenAIRE

    Roberta Romano

    1998-01-01

    We have seen a revival in interest in corporate law and corporate governance since the 1980s, as researchers applied the tools of the new institutional economics and modern corporate finance to analyze the new transactions emerging in the 1980s takeover wave. This article focuses on three mechanisms of corporate governance to illustrate the analytical usefulness of transaction cost economics for corporate law. They are the board of directors; relational investing, a form of block ownership in...

  8. Corporate culture

    OpenAIRE

    Stoklasa, Pavel

    2010-01-01

    The theme of the bachelor's thesis is corporate culture, that is currently becoming a very important part of every company. In the theoretical part provides views of the individual authors on this issue. Here are also explained important concepts related to this topic. In particular, the elements of corporate culture, corporate culture change and determinants, that affect it. Furthermore, the theoretical part describes the most famous typology of corporate cultures international authors. The ...

  9. Corporate Awakening

    DEFF Research Database (Denmark)

    LaFrance, Julie; Lehmann, Martin

    2005-01-01

    react to mounting pressure from corporate stakeholders, civil society and government on the responsible nature of their business practices. The corporate awakening towards a broader role of business in society and the trend of corporations embracing partnerships has led many to question the driving...... factors that motivate corporations to pursue partnerships. In this paper, the authors examine the underlying drivers of corporate organisational behaviour from the theoretical perspectives of both legitimacy and stakeholder needs, and discuss the challenges of gaining insight into why corporations embrace...... public-private partnerships. These theoretical perspectives are used to gain a deeper understanding of the corporate drivers that motivated TOTAL S.A. to approach UNESCO for cooperation on community development programs in Myanmar....

  10. Corporate Awakening

    DEFF Research Database (Denmark)

    LaFrance, Julie; Lehmann, Martin

    2004-01-01

    the responsible nature of their business practices. The accountability of corporations has moved beyond the traditional obligations of addressing shareholder demands and today, corporations must be accountable to society and all stakeholders affected by global development. The corporate awakening......Predominantly since the 1992 Rio Summit, corporations have been increasingly pursuing partnerships with public institutions including governments, international organisations and NGOs that aim to contribute to sustainable development activities. Both the business community and public organisations...... are recognizing the potential benefits of public-private partnerships for furthering the Millennium Development Goals while having a positive impact on business. Partnerships have become more common as corporations react to mounting pressure from corporate stakeholders, civil society and government on...

  11. Corporate Foundations

    DEFF Research Database (Denmark)

    Herlin, Heidi; Thusgaard Pedersen, Janni

    2013-01-01

    This paper aims to explore the potential of Danish corporate foundations as boundary organizations facilitating relationships between their founding companies and non-governmental organizations (NGOs). Hitherto, research has been silent about the role of corporate foundations in relation to cross......-sector partnerships. The results of this paper are based on interviews, participant observations, and organizational documents from a 19-month empirical study of a Danish corporate foundation. Findings suggest that corporate foundations have potential to act as boundary organizations and facilitate collaborative...... action between business and NGOs through convening, translation, collaboration, and mediation. Our study provides valuable insights into the tri-part relationship of company foundation NGO by discussing the implications of corporate foundations taking an active role in the realm of corporate social...

  12. Corporate Governance

    OpenAIRE

    Zingales, Luigi

    1998-01-01

    This paper summarizes my own personal view of what corporate governance is about. I argue that it makes sense to discuss corporate governance only in an incomplete contract world. In this world, the notion of corporate governance is intrinsically related to the definition of the firm. In this respect, the shortcomings of the existing definitions of the firm are reviewed and the possible applications of the idea that the firm is a ‘nexus of specific investments’ introduced by Rajan and Zingale...

  13. Corporate Governance

    OpenAIRE

    Luigi Zingales

    1997-01-01

    This essay summarizes my own personal view of what corporate governance is about. I" argue that it makes sense to discuss corporate governance only in an incomplete contract world. " In this world, the notion of corporate governance is intrinsically related to the definition of the" firm. In this respect, I review the shortcomings of the existing definitions of the firm and the" possible applications of the idea that the firm is a specific investments" introduced by" Rajan and Zingales (1997a...

  14. CORPORATE GOVERNANCE

    OpenAIRE

    Dan Alexandru SITARU

    2009-01-01

    The work is aimed to examine the issues “corporate governance” involves, with the goal set to clarify the meanings of such notion, and to provide an overall image of the positive effects arising implementing the corporate governance principles. The first section includes a series of definitions for the purpose of explaining and outlining the concept of “corporate governance”, subsequently giving a definition that appears adequate to us, from the legal standpoint pre eminently. The second sect...

  15. Examining corporate governance and corporate tax management

    OpenAIRE

    Martin Surya Mulyadi; Yunita Anwar; Erminus Bobby Ardo Dwi Krisma

    2014-01-01

    Taxation play an essential role both in a country and in a corporation. For a country it is one of the primary income source, while for the corporation taxes will reduce corporate net income. To minimize the tax payment, corporation conduct a corporate tax management. According to some of previous research, there is a correlation between corporate governance and corporate tax management. While there are many corporate governance proxies could be used in corporate governance research, in this ...

  16. Corporate Taxation and Corporate Governance

    DEFF Research Database (Denmark)

    Köthenbürger, Marko; Stimmelmayr, Michael

    2009-01-01

    The effects of corporate taxation on firm behavior have been extensively discussed in the neoclassical model of firm behavior which abstracts from agency problems. As emphasized by the corporate governance literature, corporate investment behavior is however crucially influenced by diverging...... interests between shareholders and managers. We set up an agency model and analyze the crucial issue in corporate taxation of whether the normal return on investment should be exempted from taxation. The findings suggest that the divergence of interests may be intensified and welfare reduced if the...... corporate tax system exempts the normal return on investment from taxation. The optimal system may well use the full return on investment as a tax base. Hence, tax systems such as an Allowance for Corporate Equity (ACE) or a Cash-flow tax do not have the familiar efficiency-enhancing effects in the presence...

  17. Corporate Governance

    OpenAIRE

    Žilková, Alena

    2009-01-01

    Definition and basic theoretic information about Corporate Governance of big industry company Description and Analyse of corporate Management, the functions of Top Management Members, their role in relationship to owners / shareholders (describtion of used tools for internal control of government, investment and tools for financial analyses)

  18. Corporate Entrepreneurship

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann

    Corporate entrepreneurship is often highlighted as being more relevant than ever, as a viable means for existing organizations to pursue creative new solutions to the complex challenges facing firms today. This includes continuously exploring and exploiting previously unexploited opportunities......, and thereby moving the organization to a new state of being. In spite of a general consensus on a strong interlinkage between the concepts of innovation and corporate entrepreneurship, the nature of this linkage is rarely addressed directly. This has made further research in the two areas problematic, mainly...... nature of corporate entrepreneurship and innovation by exploring the role played by innovation in corporate entrepreneurship. - Develop a framework of corporate entrepreneurial innovation which facilitates an understanding of challenges related hereto and practices applied to overcome these challenges...

  19. Corporal Punishment.

    Science.gov (United States)

    Ball, Joan

    1989-01-01

    The National PTA opposes the use of corporal punishment in schools. Several states and foreign countries have banned this form of discipline, and studies show it to be ineffective. Alternative methods of controlling student behaviors are suggested. (IAH)

  20. Corporate Responsibility

    OpenAIRE

    World Bank

    2004-01-01

    Appeals to corporate responsibility often simply take for granted that businesses have ethical responsibilities that go beyond just respecting the law. This paper addresses arguments to the effect that businesses have no such responsibilities. The interesting claim is not that businesses have no ethical responsibility at all but that their primal responsibility is to increase their profits. The extent to which there is reason to take such arguments seriously delineates the limits of corporate...

  1. Examining corporate governance and corporate tax management

    Directory of Open Access Journals (Sweden)

    Martin Surya Mulyadi

    2014-07-01

    Full Text Available Taxation play an essential role both in a country and in a corporation. For a country it is one of the primary income source, while for the corporation taxes will reduce corporate net income. To minimize the tax payment, corporation conduct a corporate tax management. According to some of previous research, there is a correlation between corporate governance and corporate tax management. While there are many corporate governance proxies could be used in corporate governance research, in this research we are focusing on three: number of board, number of independent board and board compensation. We measure corporate tax management by using effective tax rate (GAAP ETR and current ETR are used in this research. By using several other control variables, we run the regression and conduct the statistical analysis to examine the correlation between corporate governance and corporate tax management. Our result show that corporate governance have a significant correlation to corporate tax management.

  2. Corporate Governance

    Directory of Open Access Journals (Sweden)

    Dragoș-Mihail Daghie

    2011-05-01

    Full Text Available The purpose of this study is to analyze and understand the recently introduced form of managementof a company limited by shares. The Law no. 441/2006, which fundamentally amended Company Law,created this form of controlling the company, the corporate governance, but the legislation does not explicitlydefine what it wants to achieve through this instrument. This topic is recent in research as the theme ofgerman-roman commercial law systems (in French corporate governance system was introduced in 1966 andin Romania in 2006 but in terms of Anglo-Saxon law, the topic has been addressed years since 1776 (AdamSmith: The Wealth of Nations The concept of corporate governance would like, as a result, to establish somerules that companies must comply in order to achieve effective governance, transparent and beneficial forboth shareholders and for the minority. Corporate governance is a key element with an aim at improvingefficiency and economic growth in full accordance with the increase of investors’ confidence. Corporategovernance assumes a series of relationship between the company management, leadership, shareholders andthe other people concerned. Also corporate governance provides for that structure by means of which thecompany’s targets are set out and the means to achieve them and also the manner how to monitor such.

  3. CORPORATE GOVERNANCE

    Directory of Open Access Journals (Sweden)

    Dan Alexandru SITARU

    2009-10-01

    Full Text Available The work is aimed to examine the issues “corporate governance” involves, with the goal set to clarify the meanings of such notion, and to provide an overall image of the positive effects arising implementing the corporate governance principles. The first section includes a series of definitions for the purpose of explaining and outlining the concept of “corporate governance”, subsequently giving a definition that appears adequate to us, from the legal standpoint pre eminently. The second section has for purpose to state the corporate governance Principles, and briefly examine the same. Its purpose also includes concretely illustrating the efficient operation methods for a “corporation”, as well as the main dilemmas, and the existing solutions for the same within the internal structure of a joint stock company to adopt, and subject itself to, such principles. Finally, the last section of the work underlines the corporate governance importance, and states the goals to be attained for purposes of securing effective, balanced, and not in the last place profitable management.

  4. Corporate Venturing

    DEFF Research Database (Denmark)

    Vintergaard, Christian

    involved in recognition and discovery. Consequently thepaper offers insight to a diversified group of actors who mix and match technological and marketcapabilities in a constant process of recognition and discovery.Key words: Corporate venturing, entrepreneurship, discovery, networks, opportunities,recognition.......From the perspective of Austrian economics, this paper develops a conceptual understanding ofhow corporate venture managers recognize and discover opportunities in a network environment.In an effort to create a better understanding of who is involved in process, this paper reports onthe development...... path of an entrepreneurial opportunity of the Danish corporate venture capitalist,Danfoss A/S. This paper distinguishes itself from previous research done on entrepreneurialopportunities by creating a holistic and conceptual framework, which broadens and expands theperception of the market participants...

  5. Corporal punishment.

    Science.gov (United States)

    Zolotor, Adam J

    2014-10-01

    Corporal punishment is used for discipline in most homes in the United States. It is also associated with a long list of adverse developmental, behavioral, and health-related consequences. Primary care providers, as trusted sources for parenting information, have an opportunity to engage parents in discussions about discipline as early as infancy. These discussions should focus on building parents' skills in the use of other behavioral techniques, limiting (or eliminating) the use of corporal punishment and identifying additional resources as needed. PMID:25242709

  6. Corporate Governance and Corporate Creditworthiness

    Directory of Open Access Journals (Sweden)

    Dror Parnes

    2011-12-01

    Full Text Available We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond’s yield. The level of corporate governance is captured by the G-index, along with the explicit groups of governance provisions. We estimate bankruptcy risk by Z-score, by cash-flow-score, by O-score, through Merton structural model default probabilities, and by S&P credit ratings. After addressing endogeneity and while controlling for firm-specific factors, based on the four objective methodologies we find that corporate governance is inversely related to bankruptcy risk. Yet, rating agencies take a mixed approach towards this association likely because of the conflicting impact of different governance provisions.

  7. Corporate entrepreneurship

    DEFF Research Database (Denmark)

    Christensen, Karina

    2005-01-01

    Corporate entreprenørskab kan blive svaret på, hvordan Danmark fremmer en mere videnintensiv produktion. Begrebet er blevet anvendt til at forklare forskellige organisatoriske fænomener alt fra strategi over ledelse i al almindelighed til innovation, hvilket har medført en mangfoldighed af begreb...

  8. Corporate Language and Corporate Talk

    DEFF Research Database (Denmark)

    Zølner, Mette

    2013-01-01

    The article presents the case studies of two Danish based multinational companies (MNCs) which provides the an insight into the role of languages in organizational learning. It mentions that the studies focus on the sharing of the understanding and practices among their employees across the...... geographical borders by the medium of common corporate values for knowledge management, collection of data and analysis in these studies inspired by approach of ground theory and presents a usefulness of distinguishing between corporate language and talks to enable the headquarters learning. Also it concludes...... that both of the MNCs are of Danish origin but executives of both companies are proficient in English language....

  9. Corporate responsibility

    DEFF Research Database (Denmark)

    Jensen, Karsten Klint

    2007-01-01

    a private business; but then again, a private business would appear to be exempted from ethical responsibility. This is what Kenneth Goodpaster has called the stakeholder paradox: either we have ethics without business or we have business without ethics. Through a different route, I reach the same......Is it legitimate for a business to concentrate on profits under respect for the law and ethical custom? On the one hand, there seems to be good reasons for claiming that a corporation has a duty to act for the benefit of all its stakeholders. On the other hand, this seems to dissolve the notion of...... solution to this paradox as Goodpaster, namely that a corporation is the instrument of the shareholders only, but that shareholders still have an obligation to act ethically responsibly. To this, I add discussion of Friedman's claim that this responsibility consists in increasing profits. I show that most...

  10. Corporate Punishment

    OpenAIRE

    Slapper, Gary

    2010-01-01

    This article critically examines the new guidelines on how to punish corporations for manslaughter. It is a widely shared principle that the worse the crime, the worse should be the punishment.In general, a serious crime entails a serious sentence. In light of the principle that the worse the crime, the worse the punishment, one might expect that unlawfully killing people would be among the most seriously punished offences. It certainly is where individuals commit murder or manslaughter, but ...

  11. Going Corporate

    CERN Document Server

    Kadre, Shailendra

    2011-01-01

    Going Corporate: A Geek's Guide shows technology workers how to gain the understanding and skills necessary for becoming an effective, promotable manager or sought-after consultant or freelancer. Technology professionals typically dive deeply into small pieces of technology - like lines of code or the design of a circuit. As a result, they may have trouble seeing the bigger picture and how their work supports an organization's goals. But ignoring or dismissing the business or operational aspects of projects and products can lead to career stagnation. In fact, understanding the larger business

  12. Corporate Foresight

    DEFF Research Database (Denmark)

    Rohrbeck, René; Gemünden, Hans Georg

    2011-01-01

    Although in the last three decades much knowledge has been produced on how best to conduct foresight exercises, but little is known on how foresight should be integrated with the innovation effort of a company. Drawing on empirical evidence from 19 case studies and 107 interviews, we identify three...... roles that corporate foresight should play to maximize the innovation capacity of a firm: (1) the strategist role, which explores new business fields; (2) the initiator role, which increases the number of innovation concepts and ideas; and (3) the opponent role, which challenges innovation projects to...

  13. Corporate Entrepreneurship

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann

    2006-01-01

    The recognition of the importance of entrepreneurial dynamics in corporate context is increasingly acknowledged in both entrepreneurship and strategic management literature, as firms today face a reality in which frame-breaking innovation is an important element of survival. From this understanding......, the concept of Strategic Entrepreneurship (SE) has arisen, arguing a logic of focusing on the intersections between the two fields. This paper sets out to explore the SE construct empirically. Through seven case studies evolving around radical technological innovations, evidence is found of the importance...

  14. CORPORATE ETHIC POLICY

    OpenAIRE

    Хадарцева, Лариса; Кайтмазов, Владимир

    2014-01-01

    The article deals with the general concept of business ethics, a corporate code of ethics and corporate social responsibility. Corporations take pains to promote sustainability through codes of ethics and their efforts are positively received by consumers.

  15. Managing Corporate Reputation Through Corporate Branding

    DEFF Research Database (Denmark)

    Schultz, Majken; Hatch, Mary Jo; Adams, Nick

    This article, which concentrates on symbolic management by explaining the role of corporate branding in managing corporate reputation, using Novo Nordisk as a case study, presents three perspectives on corporate branding: the marketing perspective, the organisational perspective and the co......-creation perspective. The three perspectives reviewed show the possibility of developing a multidisciplinary conceptualisation of corporate branding. They all offer insights important to managing organisations as corporate brands in a multi-stakeholder context and thus to the likelihood that corporate branding is a...... way to influence corporate reputation. The Novo Nordisk management believes the data indicate that corporate branding influenced reputation more than the other way around. Formal brand management practices may work considerably better when they complement rather than try to control existing forces at...

  16. Corporate Fictions

    DEFF Research Database (Denmark)

    Staunæs, Dorthe; Søndergaard, D. M.

    2006-01-01

    The article describes a particular strategy of communication called a social science fiction. The strategy was taken up following an empirical research project on gender and management, in order to communicate results to the company's managers and Human Resource Staff. The research results showed...... fiction was the kind of narrative therapy, which aims to reconfigure the problem in focus by a process of externalisation that allows a reconstruction and retelling of the issue. The article describes how three cultural mechanisms in the company were condensed into three imaginary figures: Mr. Corporate...... Masculinity, Mr. Malebonding and Saint (Hetero)Sexualising. The three figures were exposed to reflection and retelling among central actors of the company....

  17. Corporate Social Communication and Corporate Social Performance

    OpenAIRE

    Ziggers, Gerrit Willem

    2013-01-01

    The purpose of this paper is to provide firms in the food and agricultural sector a model that enables them to assess their corporate social initiatives in conjunction with their stakeholders. Building on the concepts of corporate social responsibility (CSR), corporate social performance (CSP) and the relational view the paper argues that firms can improve the results of their corporate social initiatives by setting up a dialogue with their stakeholders and to relate this to their internal or...

  18. Evolution of Corporate Essence: Public Benefit Corporation

    DEFF Research Database (Denmark)

    Fomcenco, Alex

    2016-01-01

    This article points out a shift in the “human corporate self-apprehension” where profit maximization is not the sole reason for incorporation or investment. Public Benefit Corporation is a new type of a corporate vehicle. Its incorporation and functioning is regulated by the same legislation that...

  19. Foundations of Corporate Governance

    OpenAIRE

    Volonté, Christophe

    2012-01-01

    This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the determinants of corporate governance.

  20. Corporate design v MSP

    OpenAIRE

    Dědek, Štěpán

    2012-01-01

    In this work are characterized by individual components of corporate identity. The main attention is concentrated on the concept of corporate design, which is the most visible component of corporate identity. Corporate design that uniquely describes your firm over its competitors is the practical part subjected to a questionnaire survey. The importance of the logo as a symbol that represents the enterprise.

  1. Corporate Bonds in Denmark

    DEFF Research Database (Denmark)

    Tell, Michael

    2015-01-01

    Corporate financing is the choice between capital generated by the corporation and capital from external investors. However, since the financial crisis shook the markets in 2007–2008, financing opportunities through the classical means of financing have decreased. As a result, corporations have...... to think in alternative ways such as issuing corporate bonds. A market for corporate bonds exists in countries such as Norway, Germany, France, the United Kingdom and the United States, while Denmark is still behind in this trend. Some large Danish corporations have instead used foreign corporate bonds...

  2. Corporate Media Governance

    OpenAIRE

    Kempen, Petrus Cornelis

    2011-01-01

    The media can make or break a reputation. This being said, it seems to be essential for companies, governments and institutions to pay specific attention to corporate media management in their daily operations. However, this thesis shows that they often neglect to pay adequate attention to corporate media management. This is primarily due to the complexity of the corporate media process and corporate media management and the scope of a possible media impact. This thesis argues that corporate ...

  3. Leadership and corporate culture

    OpenAIRE

    Kerteszová, Renata

    2013-01-01

    This thesis is focusing on individual segments of corporate culture of the company. The theoretical part of the individual terms are defined and characterized as: corporate culture, corporate culture elements, and the definition of corporate culture, corporate culture typology, communication, leadership, leadership styles, leadership theory, management functions, manager, and chief executive. The research is part of the empirical investigation, which took place at Aramark, s. r. o. L...

  4. Corporate Governance and Control

    OpenAIRE

    Patrick Bolton; Marco Becht; Alisa Röell

    2002-01-01

    Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of corporate control, discuss the main legal and regulatory institutions in different countries, and examine the comparative corporate governance literature. A fundamental dilemma of corporate governance emerges ...

  5. Corporate Consumer Contact API

    Data.gov (United States)

    General Services Administration — The data in the Corporate Consumer Contact API is based on the content you can find in the Corporate Consumer Contact listing in the Consumer Action Handbook (PDF)....

  6. Fortune 500 Corporate Headquarters

    Data.gov (United States)

    Department of Homeland Security — Large Corporate Headquarters in the United States This database is composed of 'an annual list of the 500 largest industrial corporations in the U.S., published by...

  7. Contemporary Approaches to Corporate Governance

    OpenAIRE

    Petr Pirožek

    2007-01-01

    The description of contemporary application of Corporate Governance principles in Czech companies. The prezentation of Corporate Governance decision steps. The definition of Corporate Governance individual practices in Czech companies. Presentation of future system development of Corporate Governance in Czech companies.

  8. Corporate governance quality

    OpenAIRE

    Bocean, Claudiu George

    2008-01-01

    Corporate governance quality in most countries has overall improved, although to varying degrees and with a few notable exceptions. Corporate governance issues are especially important in emerging countries, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. This paper discusses how emerging countries are dealing with corporate governance quality issues. In emerging countries the impact of improvements in corpo...

  9. The Corporate Pyramid Fable

    OpenAIRE

    Steven A. Bank and Brian R. Cheffins

    2010-01-01

    Although corporate pyramids are currently commonplace world-wide and although there have been "noteworthy pyramiders" in American business history, this controversial form of corporate organization is now a rarity in the United States. The conventional wisdom is that corporate pyramids disappeared in the U.S. when New Deal policymakers began taxing dividends paid to corporate shareholders. This version of events is more fable than truth. The introduction of the intercorporate dividend tax did...

  10. THEORIES OF CORPORATE GOVERNANCE

    OpenAIRE

    Sorin Nicolae BORLEA; Monica-Violeta ACHIM

    2013-01-01

    This study attempts to provide a theoretical framework for the corporate governance debate. The review of various corporate governance theories enhances the major objective of corporate governance which is maximizing the value for shareholders by ensuring good social and environment performances. The theories of corporate governance are rooted in agency theory with the theory of moral hazard’s implications, further developing within stewardship theory and stakeholder theory and evolving at re...

  11. Scaling the Corporate Heights.

    Science.gov (United States)

    Campbell, Bebe Moore

    1983-01-01

    Reviews "Black Life in Corporate America" (Davis and Watson), "Women at Work: A Psychologist's Secrets to Getting Ahead in Business" (Senter), and "The Black Manager, Making It in the Corporate World" (Dickens and Dickens). All three books address general issues confronting Black/female managers, and two offer guidance to corporate newcomers. (CMG)

  12. Reinventing Corporate Communications.

    Science.gov (United States)

    Toth, Elizabeth L.; Trujillo, Nick

    1987-01-01

    Urges a "re-inventing" of corporate communications in today's organizations, and provides information about how corporations can change in new and positive ways during the current "information age." Discusses specific public relations and organizational communication concepts essential for a comprehensive understanding of corporate communications…

  13. Jordan Corporate Governance Regulations

    OpenAIRE

    Jordan Institute of Directors

    2013-01-01

    As the importance of Corporate Governance increases, an awareness and understanding of the different relevant regulations becomes of paramount value. The importance and value of Corporate Governance is not the core of this publication. The publication is built around the premise that Corporate Governance is important and increasingly becoming of significant importance for growth, continued...

  14. INTEGRATED CORPORATE STRATEGY MODEL

    Directory of Open Access Journals (Sweden)

    CATALINA SORIANA SITNIKOV

    2014-02-01

    Full Text Available Corporations are at present operating in demanding and highly unsure periods, facing a mixture of increased macroeconomic need, competitive and capital market dangers, and in many cases, the prospect for significant technical and regulative gap. Throughout these demanding and highly unsure times, the corporations must pay particular attention to corporate strategy. In present times, corporate strategy must be perceived and used as a function of various fields, covers, and characters as well as a highly interactive system. For the corporation's strategy to become a competitive advantage is necessary to understand and also to integrate it in a holistic model to ensure sustainable progress of corporation activities under the optimum conditions of profitability. The model proposed in this paper is aimed at integrating the two strategic models, Hoshin Kanri and Integrated Strategy Model, as well as their consolidation with the principles of sound corporate governance set out by the OECD.

  15. Corporate social responsibility versus corporate social iresponsibility

    OpenAIRE

    Mirela Popa; Irina Salanță

    2014-01-01

    Corporate social responsibility (CSR) has been an intensively researched topic in the last decades. More and more scientists manifested interest in this concept and elaborated various definitions. Gradually, CSR evolved from a theoretical concept to a complex managerial tool used to build a company’s reputation and enlarge its competitive advantage. It was soon a must have for more and more companies. Although only large corporations used it at first, today CSR is part of the business strateg...

  16. Corporate Governance Before There Was Corporate Law

    OpenAIRE

    Ostergaard, Charlotte; Smith, David C.

    2011-01-01

    We study 79 sets of bylaw provisions adopted by Norwegian corporations in a free contracting environment before Norway got its first corporate law. The firms in our sample are publicly traded companies in the period 1900-1910. We document substantial protections to minority shareholders against expropriation by insiders and observe considerable heterogeneity in the investor protections stipulated in the contracts with regards to board structure, director responsibilities and re...

  17. Effects of corporate governance on corporate reputation

    OpenAIRE

    López González, Eva

    2015-01-01

    One of the most critical strategic and enduring assets that a corporation may possess is good reputation. The positive impact of corporate reputation on firm performance has been analyzed and documented for ages. Intangible assets like reputation are increasing their importance in companies as sources of sustainable advantages. Organizations used to look for tangible assets as the drivers of these advantages, but nowadays intangible ones are getting much more weight in this sense. This is wh...

  18. CORPORATE GOVERNANCE RELATION WITH CORPORATE SUSTAINABILITY

    OpenAIRE

    ISSAM MF SALTAJI

    2013-01-01

    Sustainability is targeted in this article to be integrated with corporate governance presenting its importance in business world not as obligation, but as a tool be adopted. Economic challenges push companies to think twice before making decisions. Corporate governance is a success key for companies through improving performance and gain mistrust of investors serving business sustainability. Objectives direction has been changed from concentrating on shareholders’ benefits to maintain sustai...

  19. The Corporate Marketing Department

    DEFF Research Database (Denmark)

    Ritter, Thomas; Eggert, Andreas; Münkhoff, Eva;

    can best add value to the firm. Based on a qualitative study among B2B companies, we develop a conceptual framework highlighting the various parental roles through which corporate marketing can contribute to overall firm and business unit performance. In addition, we identify five gaps that restrain......Corporate marketing has been downsized or eliminated in many firms. At the same time, firms that still own a corporate marketing department struggle with organizing and positioning their commercial front‐end. The question arises whether firms need a corporate marketing department, and if so, how it...... successful outcomes of corporate marketing activities. In sum, our framework provides important insights on how to successfully organize corporate marketing activities....

  20. Realizing Corporate Responsibility

    DEFF Research Database (Denmark)

    Girschik, Verena

    pharmaceutical company Novo Nordisk, a company known for its remarkable investments in integrating societal objectives into its business model and promoting new ways of thinking about and doing business. The case inspired the overarching theoretical question how actors construct and legitimize new ideas and......This doctoral dissertation aims to understand how companies realize corporate responsibility - both how they perform corporate responsibility in particular local contexts and how they negotiate understandings of what corporate responsibility means. It builds on an inductive case study of the Danish...... in this dissertation unfold distinct yet interdependent processes of positioning and framing that constitute new ways of performing and understanding corporate responsibility....

  1. Creating corporate advantage.

    Science.gov (United States)

    Collis, D J; Montgomery, C A

    1998-01-01

    What differentiates truly great corporate strategies from the merely adequate? How can executives at the corporate level create tangible advantage for their businesses that makes the whole more than the sum of the parts? This article presents a comprehensive framework for value creation in the multibusiness company. It addresses the most fundamental questions of corporate strategy: What businesses should a company be in? How should it coordinate activities across businesses? What role should the corporate office play? How should the corporation measure and control performance? Through detailed case studies of Tyco International, Sharp, the Newell Company, and Saatchi and Saatchi, the authors demonstrate that the answers to all those questions are driven largely by the nature of a company's special resources--its assets, skills, and capabilities. These range along a continuum from the highly specialized at one end to the very general at the other. A corporation's location on the continuum constrains the set of businesses it should compete in and limits its choices about the design of its organization. Applying the framework, the authors point out the common mistakes that result from misaligned corporate strategies. Companies mistakenly enter businesses based on similarities in products rather than the resources that contribute to competitive advantage in each business. Instead of tailoring organizational structures and systems to the needs of a particular strategy, they create plain-vanilla corporate offices and infrastructures. The company examples demonstrate that one size does not fit all. One can find great corporate strategies all along the continuum. PMID:10179655

  2. Corporate Business Diplomacy

    DEFF Research Database (Denmark)

    Søndergaard, Mikael

    2014-01-01

    diplomacy can complement business theories such as stakeholder theory and agency theory. Examples from practice show that in a broad sense, corporate business diplomacy is concerned with managing external stakeholders, while in a narrow sense, it is concerned with managing internal stakeholders. The......This article illustrates the interdisciplinary nature of the field of corporate business diplomacy using examples from academic disciplines, such as economics and political science, which can contribute to the understanding of corporate business diplomacy. Examples also show that corporate business...

  3. Corporate Governance Country Assessment : Togo

    OpenAIRE

    World Bank

    2009-01-01

    The purpose of this ROSC assessment of corporate governance in Togo is to help improve corporate governance in the country by assessing law and practice, suggesting reforms, and supporting the country in its effort to implement changes for better corporate governance. Corporate governance refers to the structures and processes for the direction and control of companies. Corporate governanc...

  4. Corporal Punishment in Tennessee Schools.

    Science.gov (United States)

    Kinnard, Karren Q; Rust, James O.

    1981-01-01

    Responses of 101 Tennessee school superintendents indicate: all allow and use corporal punishment; 57 keep records of corporal punishment usage; corporal punishment is considered effective in many cases; the community is seen as supportive of corporal punishment; and the paddle appears to be the most popular method of corporal punishment. (NEC)

  5. Corporate Governance Country Assessment : Malaysia

    OpenAIRE

    World Bank

    2012-01-01

    This report assesses Ghana s corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Ghana. It is an update of the 2005 Corporate Governance ROSC. Good corporate governance enhances investor trust, helps to protects mino...

  6. Corporate Governance Country Assessment : Ghana

    OpenAIRE

    World Bank

    2010-01-01

    This report assesses Ghana s corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Ghana. It is an update of the 2005 Corporate Governance ROSC. Good corporate governance enhances investor trust, helps to protects mino...

  7. Corporate Governance Country Assessment : Vietnam

    OpenAIRE

    World Bank

    2013-01-01

    This report assesses Vietnam's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Vietnam. It is an update of the 2006 Corporate Governance ROSC for Vietnam. Good corporate governance enhances investor trust, protec...

  8. Corporate Social Responsibility and Corporate Governance

    OpenAIRE

    Lorenzo Sacconi

    2012-01-01

    Corporate social responsibility (CSR) is a model of corporate governance (CG) extending fiduciary duties from fulfillment of responsibilities towards the firmÕs Êowners to fulfillment of analogous Êfiduciary Êduties Êtowards Êall Êthe ÊfirmÕs Êstakeholders. After considering the place of CSR in the debate about alternative CG modes, a full-fledged social contract foundation of the multi-stakeholder and multi-fiduciary model is present. The paper shows that CSR is a social Ênorm Êthat Êwould Ê...

  9. Institutional conditions of corporate citizenship

    NARCIS (Netherlands)

    Jeurissen, R.J.M.

    2004-01-01

    Exploring the concept of citizenship from the history of political philosophy provides suggestions about what corporate citizenship could mean. The metaphor of corporate citizenship suggests an institutional approach to corporate social responsibility. Citizenship is a social role, characterized by

  10. Making the Corporate Connection.

    Science.gov (United States)

    Cornforth, Suzanne; Simpson, Kristen

    1999-01-01

    Corporate sponsorship is a marketing strategy by which companies communicate about their products or services by affiliating with events or institutions valued by targeted customer groups. Increasingly, campus communicators are seeking to establish corporate sponsorships but first must resolve legal and ethical concerns. Various types of…

  11. Corporate Media Governance

    NARCIS (Netherlands)

    Kempen, Petrus Cornelis

    2011-01-01

    The media can make or break a reputation. This being said, it seems to be essential for companies, governments and institutions to pay specific attention to corporate media management in their daily operations. However, this thesis shows that they often neglect to pay adequate attention to corporate

  12. Corporation as climate ambassador

    DEFF Research Database (Denmark)

    Trapp, Leila

    2012-01-01

    At a time when corporations are addressing increasingly complex, global corporate social responsibility (CSR) issues, this study examines and evaluates the strategies used in Vattenfall’s challenging and innovative CSR campaign which aimed at establishing the energy company as a credible climate...

  13. Corporal Punishment Revisited.

    Science.gov (United States)

    Wilson, John

    2002-01-01

    Lists arguments for using corporal punishment in educational institutions and considers some advantages of its use. Asks when it should be used, who should be empowered to administer it, and why there are increasingly strong feelings against corporal punishment in some societies while others continue to use it. (BT)

  14. Piercing the corporate veil

    International Nuclear Information System (INIS)

    This article addresses the potential problems an economically troubled subsidiary can cause a parent company and offers strategies for insulating the trouble through good business practices and careful planning. The topics of the article include corporations and limited liability, piercing the corporate veil, environmental cleanup liabilities, and avoiding trouble

  15. Corporal Punishment Handbook.

    Science.gov (United States)

    Maurer, Adah

    This handbook describes the use of corporal punishment, attitudes towards it, and alternatives to it. Topics covered include: (1) a definition of corporal punishment; (2) descriptions and examples of different types; (3) a brief history of its use in schools and society; (4) arguments in favor of its use; (5) arguments for abolition; (6)…

  16. Corporate Language Policies

    DEFF Research Database (Denmark)

    Sanden, Guro Refsum

    2015-01-01

    This paper offers a review of literature dealing with language policies in general and corporate language policies in particular. Based on a discussion of various definitions of these concepts within two research traditions, i.e. sociolinguistics and international management, a three......-level definition of corporate language policies is presented, emphasising that a corporate language policy is a context-specific policy about language use. The three-level definition is based on the argument that in order to acquire a complete understanding of what corporate language policies involve, one needs to...... consider three progressive questions; 1) what is a policy? 2) what is a language policy?, and ultimately, 3) what is a corporate language policy?...

  17. Corporate Language Policies

    DEFF Research Database (Denmark)

    Sanden, Guro Refsum

    This paper offers a review of literature dealing with language policies in general and corporate language policies in particular. Based on a discussion of various definitions of these concepts within two research traditions, i.e. sociolinguistics and international management, a three......-level definition of corporate language policies is presented, emphasising that a corporate language policy is a context-specific policy about language use. The three-level definition is based on the argument that in order to acquire a complete understanding of what corporate language policies involve, one needs to...... consider three progressive questions; 1) what is a policy? 2) what is a language policy?, and ultimately, 3) what is a corporate language policy?...

  18. THEORIES OF CORPORATE GOVERNANCE

    Directory of Open Access Journals (Sweden)

    Sorin Nicolae BORLEA

    2013-03-01

    Full Text Available This study attempts to provide a theoretical framework for the corporate governance debate. The review of various corporate governance theories enhances the major objective of corporate governance which is maximizing the value for shareholders by ensuring good social and environment performances. The theories of corporate governance are rooted in agency theory with the theory of moral hazard’s implications, further developing within stewardship theory and stakeholder theory and evolving at resource dependence theory, transaction cost theory and political theory. Later, to these theories was added ethics theory, information asymmetry theory or the theory of efficient markets. These theories are defined based on the causes and effects of variables such as: the configuration of the board of directors, audit committee, independence of managers, the role of top management and their social relations beyond the legal regulatory framework. Effective corporate governance requires applying a combination

  19. Taxation and Corporate Financial Policy

    OpenAIRE

    1980-01-01

    A model of corporate financial policy (debt-equity ratios and dividend payout rates) is included in the Harberger general equilibrium model of incidence of the corporate income tax. Illustrative calculations of the distortions of financial policy and increases in risk premiums induced by the corporate tax are provided. Because risk premiums on corporate securities would be reduced, eliminating the corporate tax or integrating it into the personal tax would increase the income of non-corporate...

  20. De Ratio van Corporate Governance

    OpenAIRE

    de Jong, Abe

    2006-01-01

    textabstractAbe de Jong (1970) is Professor in Corporate Finance and Corporate Governance at RSM Erasmus University. He obtained a PhD in finance at Tilburg University (1999). His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend policy, risk management, corporate investment and divestment policies, and corporate governance. In this inaugural address he discusses recent developments in the area of corporate finance, a...

  1. De Ratio van Corporate Governance

    OpenAIRE

    2006-01-01

    Abe de Jong (1970) is Professor in Corporate Finance and Corporate Governance at RSM Erasmus University. He obtained a PhD in finance at Tilburg University (1999). His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend policy, risk management, corporate investment and divestment policies, and corporate governance. In this inaugural address he discusses recent developments in the area of corporate finance, and in partic...

  2. Bankruptcy Law, Corporate Finance, and Corporate Revival Process in Japan

    OpenAIRE

    Noriyuki Yanagawa; Sumio Hirose; Fumio Akiyoshi

    2005-01-01

    This paper examines corporate revival processes in Japan. In recent years, corporate revival processes are drastically changing in Japan. For example, important bankruptcy laws have been revised and Industrial Revitalization Corporation was established. Moreover, many corporate revival funds are actively investing. This paper explains those new movements and examines how those new activities will change the Japanese economy.

  3. Financialization and Corporate Governance

    OpenAIRE

    Ireland, Paddy

    2009-01-01

    It used to be thought that what we now call ‘corporate governance’ was a rather complex affair. Which models of the corporation and corporate governance were productively superior? Which most encouraged research and development and investment in new technologies? Which best contributed to job satisfaction, to social cohesion and to the realisation of a ‘good life’? In the 1970s and 80s, as the developed capitalist world lurched from one economic crisis to another, many commentators came to be...

  4. Corporate Blogging For Dummies

    CERN Document Server

    Karr, Douglas

    2010-01-01

    Establish a successful corporate blog to reach your customers. Corporate blogs require careful planning and attention to legal and corporate policies in order for them to be productive and effective. This fun, friendly, and practical guide walks you through using blogging as a first line of communication to customers and explains how to protect your company and employees through privacy, disclosure, and moderation policies. Blogging guru Douglas Karr demonstrates how blogs are an ideal way to offer a conversational and approachable relationship with customers. You'll discover how to prepare, e

  5. Strategic corporate sustainability

    DEFF Research Database (Denmark)

    Grewatsch, Sylvia; Rohrbeck, René; Madsen, Henning

    This paper aims to advance the understanding of the circumstances under which corporate sustainability (CS) pays off. On the basis of a review of 129 major papers from both the sustainability and general management literature, we discuss the development of the research field. In addition we discuss...... antecedents and outcomes. To overcome this limitation we propose an integrated typology which may facilitate more research on the link between corporate sustainability performance (CSP) and corporate financial performance (CFP). Our expectation is that the strategy type might play a moderating or mediating...

  6. Corporate Social Responsibility and Corporate Financial Performance: Evidence from Korea

    OpenAIRE

    Choi, Jong-Seo; Kwak, Young-Min; Choe, Chongwoo

    2010-01-01

    This paper studies the empirical relation between corporate social responsibility (CSR) and corporate financial performance in Korea using a sample of 1122 firm-years during 2002-2008. We measure corporate social responsibility by both an equal-weighted CSR index and a stakeholder-weighted CSR index suggested by Akpinar et al. (2008). Corporate financial performance is measured by ROE, ROA and Tobin’s Q. We find a positive and significant relation between corporate financial performance and t...

  7. Corporate risk management : an overview

    NARCIS (Netherlands)

    Oosterhof, Casper M.

    2001-01-01

    Corporate risk management and hedging are important activities within financial as well as non-financial corporations. Under the assumptions of Modigliani and Miller [1958], corporate risk management is a redundant activity. However, the existence of market imperfections can explain the corporate us

  8. Corporate Governance Country Assessment : Croatia

    OpenAIRE

    World Bank

    2008-01-01

    This report assesses Croatia's corporate governance policy framework for publicly traded companies. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Croatia. It is an update of the 2001 corporate governance Report on the Observance of Standards and Cod...

  9. Corporate Governance Country Assessment : Brazil

    OpenAIRE

    World Bank

    2012-01-01

    This report assesses Brazil's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Brazil. It is an update of the 2005 corporate governance Report on the Observance of Standards and Codes (ROSC). Brazil's experience o...

  10. The corporate security professional

    DEFF Research Database (Denmark)

    Petersen, Karen Lund

    2013-01-01

    In our age of globalization and complex threat environments, every business is called upon to manage security. This tendency is reflected in the fact that a wide range of businesses increasingly think about security in broad terms and strive to translate national security concerns into corporate...... speech. This article argues that the profession of the security manager has become central for understanding how the relationship between national and corporate security is currently negotiated. The national security background of most private sector security managers makes the corporate security...... professional inside the company a powerful hybrid agent. By zooming in on the profession and the practice of national security inside companies, the article raises questions about where to draw the line between corporate security and national security along with the political consequences of the constitution...

  11. Corporate Social Responsibility

    DEFF Research Database (Denmark)

    Kampf, Constance

    2007-01-01

    Understanding Corporate Social Responsibility (CSR) as having explicit policies and implicit norms situated in cultural systems highlights the connections between institutional and cultural structures of nation states and business' commitment to CSR as reflected in the strategies used to...

  12. Measuring Corporate Sustainability Performance

    Directory of Open Access Journals (Sweden)

    Eugen Nicolăescu

    2015-01-01

    Full Text Available The aim of the present study is to examine and evaluate the evolving character of sustainability management in corporations, the significance of environmental protection and sustainability, and barriers to carrying out an incorporated and strategic firm-wide advance of social responsibility. In the present paper, we focus on the contribution of sustainability undertakings towards enhancing corporate performance, the financial involvements of sustainability position and operation, and the chief function of values in corporate policy. Our paper contributes to the literature by supplying proof of elements that lead to the triumph of business patterns for sustainable development, processes through which stakeholders are affecting corporate sustainability conduct, and the link between economic growth and the environment.

  13. Corporate Teaching Help Drops.

    Science.gov (United States)

    Sanger, David E.

    1985-01-01

    Electronics, pharmaceuticals, and other industry programs to loan corporate employees to colleges and universities for short-term teaching assignments are discussed, including the advantages to both industry and the institutions and the conflicts in demand for specialists. (MSE)

  14. Corporate Social Responsibility Assessment of Chinese Corporations

    Directory of Open Access Journals (Sweden)

    Jingfu Guo

    2009-03-01

    Full Text Available This paper reviews the definitions of corporate social responsibility (CSR in different contexts, combining current applications, we design a concise and effective set of assessment index system which can be used in assessing company social responsibility. The index system includes 6 first-level indexes and 32 second-level indexes and those Indexes reflect broad social concerns. We have collected data from 200 corporations in Dalian City area of China and applied the data to assess the companies’ CSR. Our survey demonstrates that the CSR of the state owned enterprises is obviously better than that of foreign and private enterprises, the assessment is more superior in profitable enterprises than it in not profitable enterprises. With regarding to the question of employee interest, employees are not paid for the hours that they work overtime in many enterprises. The means to strengthen corporations’ social responsibilities are discussed in details.

  15. Corporate Responsibility and Corporate Governance in Europe

    OpenAIRE

    Luca Bisio

    2003-01-01

    The policies adopted by multinationals have generated some rather harsh criticism due to the insensitivity shown with regard to the environment, food safety and social marginalisation. This is due to the fact that excess supply conditions, which now characterize the richer markets, have forced companies into a 'neo-liberalism' spiral. The strong dynamism exhibited by corporations in taking advantage of the opportunities offered by globalisation, contrast with the inadequacy of institutions (a...

  16. Corporate Risk Disclosure and Corporate Governance

    OpenAIRE

    Kaouthar Lajili

    2009-01-01

    To date, research which integrates corporate governance and risk management has been limited. Yet, risk exposure and management are increasingly becoming the core function of modern business enterprises in various sectors and industries domestically and globally. Risk identification and management are crucial in any business strategy design and implementation. From the investors’ point of view, knowledge of the risk profile, risk appetite and risk management are key elements in making sound...

  17. Corporate Demand for Liquidity

    OpenAIRE

    Heitor Almeida; Murillo Campello; Michael S. Weisbach

    2002-01-01

    This paper proposes a theory of corporate liquidity demand and provides new evidence on corporate cash policies. Firms have access to valuable investment opportunities, but potentially cannot fund them with the use of external finance. Firms that are financially unconstrained can undertake all positive NPV projects regardless of their cash position, so their cash positions are irrelevant. In contrast, firms facing financial constraints have an optimal cash position determined by the value of ...

  18. Systematisation of Corporate Planning

    OpenAIRE

    Mihaylova, Lyudmila

    2011-01-01

    The systematization of corporate planning is a subject that provokes the research interest due to the increased importance of strategic and long-term planning for the corporate development. This article analyzes some problem areas related to the differences between the essence and the procedures of long-term and strategic company planning. The aim is to highlight some views of strategic and long-term planning in companies and the distinguishing features between these categories, draw the atte...

  19. Managerial Corporate Governance Communication

    OpenAIRE

    Silvio M. Brondoni

    2006-01-01

    Corporate governance communication has steadily become more important as markets have globalised. On open markets, the specific report on economic-financial disclosures supplements the communication system of companies, whose policies are founded strongly on integration, in order to tackle an economic context that is characterised by strong competitive dynamics and growing managerial complexity. Globalisation tends to underline the importance of corporate governance communication designed to ...

  20. Corporate Governance in Vietnam

    OpenAIRE

    Centre for Asia Private Equity Research Ltd.

    2015-01-01

    Corporate governance (CG) success stories in Vietnam are part of the International Finance Corporation’s ongoing efforts to raise greater awareness of the merits of CG. These success stories in Vietnam can serve as a guiding light for the immediate benefit and long-term value of CG to corporate development. The Law on Enterprise 2005, implemented in July 2006, marked the first introduction...

  1. Corporate Governance in China

    OpenAIRE

    He, Yan

    2011-01-01

    China has become the world's second largest economic entity following its economic reform process begun over 30 years ago. Corporate governance plays an important role in China economic success, but it also has many problems. These include the concentration of state ownership, management accountability and shareholder rights. Economic reform has made the problems more apparent. This thesis studies the evolution of corporate governance with the China's economic reform process, and explores i...

  2. Corporate Social Responsibility

    OpenAIRE

    Vaněčková, Jitka

    2014-01-01

    Master thesis deals with corporate social responsibility (CSR) as one of the ways of modern management. This concept says that companies should behave responsibly to society, decrese the negative impacts and increase the positive ones. In addition to making profit, the companies should put efforts to enhance society welfare. The aim of this thesis is to describe the concept of corporate social responsibility, the possible strategies and to evaluace the concept with the example of a particular...

  3. Persistence in corporate networks

    OpenAIRE

    Milaković, Mishael; Raddant, Matthias; Birg, Laura

    2014-01-01

    We examine the bipartite graphs of German corporate boards in 1993, 1999 and 2005, and identify cores of directors who are highly central in the entire network while being densely connected among themselves. The novel feature of this paper is the focus on the dynamics of these networks. Germany's corporate governance has experienced significant changes during this time, and there is substantial turnover in the identity of core members, yet we observe the persistent presence of a network core,...

  4. Corporate Governance. Case Studies

    OpenAIRE

    Manuel, Eduardo

    2007-01-01

    This paper pretends to do a theoretical approach of Corporate Governance, having as support some case studies about companies like Coca-Cola, Nokia, Microsoft, and Amazon.com. The methodology adopted for this work is based in information from these companies available in their websites and annual reports. I concluded that both companies show the corporate governance components according to their core business and their environmental business.

  5. Measuring Corporate Sustainability Performance

    OpenAIRE

    Eugen Nicolăescu; Cristina Alpopi; Constantin Zaharia

    2015-01-01

    The aim of the present study is to examine and evaluate the evolving character of sustainability management in corporations, the significance of environmental protection and sustainability, and barriers to carrying out an incorporated and strategic firm-wide advance of social responsibility. In the present paper, we focus on the contribution of sustainability undertakings towards enhancing corporate performance, the financial involvements of sustainability position and operation, and the chie...

  6. Corporate Risk Disclosure and Corporate Governance

    Directory of Open Access Journals (Sweden)

    Kaouthar Lajili

    2009-12-01

    Full Text Available To date, research which integrates corporate governance and risk management has been limited. Yet, risk exposure and management are increasingly becoming the core function of modern business enterprises in various sectors and industries domestically and globally. Risk identification and management are crucial in any business strategy design and implementation. From the investors’ point of view, knowledge of the risk profile, risk appetite and risk management are key elements in making sound portfolio investment decisions. This paper examines the relationships between corporate governance mechanisms and risk disclosure behavior using a sample of Canadian publicly-traded companies (TSX 230. Results show that Canadian public companies are more likely to disclose risk management information over and above the mandatory risk disclosures, if they are larger in size and if their boards of directors have more independent members. Minority voting control ownership structures appear to negatively impact risk disclosure and CEO incentive compensation shows mixed results. The paper concludes that more research is needed to further assess the impact of various governance mechanisms on corporate risk management and disclosure behavior.

  7. Changes in Japanese corporate governance

    OpenAIRE

    Ioan Alin NISTOR

    2009-01-01

    Corporate governance systems vary around the world. These differences result from different legal systems, systems of corporate finance and corporate ownership as well as divergent norms around the firm’s responsibilities to its various stakeholders. These different systems of corporate governance came into direct contact in Japan. The paper makes an analysis of the past changes of Japanese corporate governance due to the modifications in the ownership of the companies.

  8. THE SOUND OF CORPORATE GOVERNANCE

    OpenAIRE

    DUMITRASCU LUMINITA MIHAELA

    2012-01-01

    The paper explores the corporate governance and corporate social responsibility in music industry, by reviewing the literature and investigating the aspects in the context of a sample made by top companies in this domain. The paper spotlighting the mutual connections between corporate governance and corporate social responsibility. The research methodology used consists in investigate the corporate governance codes. Itâ€(tm)s about a qualitative interpretive research methodology that was adop...

  9. Essence of Corporate Governance

    Directory of Open Access Journals (Sweden)

    Prachi Singh

    2012-06-01

    Full Text Available "Success is not the art of making mistakes when nobody is looking at, true success is the truthful expression of the performance when it is measured”.” Business is going to change more and more in the next ten years than it has in the last 50 years. These changes will occur because of a disarmingly simple idea: the flow of digital information. Who does not like the progress? Progress leads to success in terms of satisfaction of desires and expectations. When any individual compares his past performance with the present and when the graph is upward then individual appreciates himself or herself. The same is in the case of corporate or country or any country's economy, which want to be sound then they need success. But success is not simple to get. Now days there are many ways through which success can be achieved. The ways can be short cuts or may be long ways, where more sincerely and ethically one has to work. Corporate governance can be put in this 2nd category .Corporate Governance is the term given to the management practices followed by the business organization. Corporate governance is a way of life and not a set of rules. It is more of a way of life that necessitates taking interests in every business decision. It has succeeded in attracting a good deal of public interest because if it's apparent importance for the economic health of corporations and society in general. We know each corporation obtains its funds from different class of investors. When they do so, it becomes their prime responsibility to see that the funds are used in proper direction. The investors are also even needed assurance for such matter. "Corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting return on their investment.” It has emerged as one of the key elements of public policy reforms individuals. It is still in its infancy; it has been around only for the last three to four years. It is however

  10. Towards Corporate Sustainability: The Link Between Business Ethics, Corporate Governance and Corporate Social Responsibility

    OpenAIRE

    Yazıcı, Selim

    2011-01-01

    Abstract: The root of this study is mostly grounded to an old dilemma between the corporations and the society. The important issue is that, solving this problem requires that, managers should understand the critical factors such as business ethics, corporate governance, and corporate social responsibility and creates solutions by using the outcomes. The aim of this paper is to reframe the discussion and find a link between business ethics, corporate governance and corporate social responsibi...

  11. Hubungan Corporate Governance, Corporate Social Responsibilities dan Corporate Financial Performance Dalam Satu Continuum

    OpenAIRE

    Etty Murwaningsari

    2009-01-01

    This research aims to identify the influence of Good Corporate Governance, represented by institutional ownership and managerial ownership, on Corporate Social Responsibility and Corporate Financial Performance, and also to observe the possible influence of Corporate Social Responsibility on Corporate Financial Performance. This research examines 126 manufacturing companies which are listed in Indonesian Stock Exchange (ISX) and have issued an audited financial statement for 2006. The statist...

  12. Jaarboek corporate governance 2011-2012

    NARCIS (Netherlands)

    Lückerath – Rovers, M.; Bier, B.; Kaptein, M.; Paape, L.

    2011-01-01

    In dit eerste Jaarboek Corporate Governance worden uiteenlopende aspecten van Corporate Governance nader besproken door toonaangevende schrijvers uit verschillende disciplines. Inclusief actuele corporate governance code.

  13. Corporate governance and liquidity

    DEFF Research Database (Denmark)

    Farooq, Omar; Derrabi, Mohamed; Naciri, Monir

    2012-01-01

    This paper examines the impact of corporate governance mechanisms on liquidity in the MENA region, i.e. Morocco, Egypt, Saudi Arabia, United Arab Emirates, Jordan, Kuwait, and Bahrain. Using turnover as a proxy for liquidity, we document significant difference in liquidity between the pre- and the...... post-crisis periods in the MENA region. In addition, our results show that bulk of this reduction in turnover can be explained due to weaknesses of corporate governance mechanisms. For example, that dividend payout ratio and choice of auditors – proxies for agency problems – can explain the entire...... difference in liquidity between the two periods. Furthermore, our results indicate that more than 50% of this difference between the two periods can be explained by operational and informational complexity of a firm – proxy for transparency. We argue that poor corporate governance mechanisms increase...

  14. Corporate Social Behaviour

    DEFF Research Database (Denmark)

    Neergaard, Peter; Rahbek Pedersen, Esben

    2003-01-01

    Over the last decades, the industrialised countries have experienced a shift from the Keynesian state intervention paradigm towards a more market-regulated economy. Firms have found themselves in a new era, where they are expected to self-regulate their behaviour in terms of working conditions......, human rights and environmental protection. Without a common point of reference in national regulation, managers in multinational enterprises now have to develop their own codes of corporate social behaviour. This has created a growing market for private standards within the field of environmental...... management systems, social accountability, corporate citizenship, occupational health and safety and so forth. However, both the idea of government regulation and the literature acclaiming corporate self-regulation should be met with some scepticism. This paper offers a short assessment of the potentials and...

  15. The Politicization of Corporations

    DEFF Research Database (Denmark)

    Garsten, Christina; Sörbom, Adrienne

    influence policymakers at all levels of government and international institutions as an adjunct to the firm’s market strategies. This paper brings to the fore the role of corporations in the World Economic Forum (WEF), and how firms act through the WEF to advance their interests, financial as well as...... political. What is the role of business in the WEF, and how do business corporations advance their interests through the WEF? Empirically we depart from ethnographic field studies of the World Economic Forum, drawing on observations from WEF-events and interviews with participants and organizers. We propose...... of business may be served by engagement in the WEF. By way of corporate financial resources, the tapping of knowledge and expertise, and access to vast networks of business relations, the WEF is also able to amplify its own voice and agency in the field of global governance....

  16. The corporate brand building

    OpenAIRE

    Wisterová, Veronika

    2011-01-01

    The target of this master's thesis is to follow the process of corporate brand building of the company Starkl zahradník, to analyse it and to suggest possible improvements. The thesis is divided into four main sections. The first section deals with the theoretical aspects of the corporate brand building. The second section observes the process of brand building of the brand Starkl zahradník. The third section deals with the survey that was carried out and analyse its results. This survey was ...

  17. Corporate plan 1989

    International Nuclear Information System (INIS)

    The paper presents the United Kingdom Science and Engineering Research Council's second Corporate Plan 1989. The Corporate Plan comprises statements of the current objectives of the Astronomy and Planetary Science Board, the Engineering Board, the Nuclear Physics Board, the Atmospheric Sciences and Computing Centre, along with a discussion of the mechanisms for their attainment. The Annex contains a description of some scientific highlights between 1985-1989, as well as a review of progress between 1984-5 to 1987-8. (U.K.)

  18. Corporate governance, corporate finance and stock markets in emerging countries

    OpenAIRE

    Singh, Ajit

    2003-01-01

    This paper focuses on the inter-relationship between corporate governance, financing of corporate growth and stock market development in emerging countries. It explores both theoretically and empirically the nature of the inter-relationships between these phenomena, as well their implications for economic policy. It concentrates on how corporate growth is financed, an area where the literature has identified important anomalies in relation to corporate behaviour and governance. The paper prov...

  19. Corporate Governance and Executive Compensation for Corporate Social Responsibility

    OpenAIRE

    Hong, Bryan; Zhichuan (Frank), Li; Minor, Dylan Blu

    2015-01-01

    We link the corporate governance literature in financial economics to the agency cost perspective of Corporate Social Responsibility (CSR) to derive theoretical predictions about the relationship between corporate governance and the existence of executive compensation incentives for CSR. We test our predictions using novel executive compensation contract data, and find that firms with more shareholder-friendly corporate governance are more likely to provide compensation to executives linked t...

  20. Corporate Identity as a Factor of Corporate Security

    Directory of Open Access Journals (Sweden)

    Elena B. Perelygina

    2011-01-01

    Full Text Available Forming-upof the corporate identity is based on cognitive, affective and conative elements of corporate culture. The group as an entity choosing goals and values ensures a certain response to standards and values of corporate culture within the parameters of its social responsibility. Corporate security as security of community and cooperation acts as a form of organizational and ethical approach to developing socially responsible attitude of government and business.

  1. Corporations and the financing of innovation: The corporate venturing experience

    OpenAIRE

    Paul A. Gompers

    2002-01-01

    During the past forty years, the media and academics have frequently maligned corporate investments in venture capital and highlighted visible failures. Many corporations' best ideas have languished, whether because of internal resistance or an inability to execute on the initial insight. In other cases, more nimble companies, often venture-backed start-ups, have turned corporations' innovative ideas into commercial successes. So how can companies best stimulate innovation in a corporate sett...

  2. Hubungan Corporate Governance, Corporate Social Responsibilities dan Corporate Financial Performance Dalam Satu Continuum

    Directory of Open Access Journals (Sweden)

    Etty Murwaningsari

    2009-01-01

    Full Text Available This research aims to identify the influence of Good Corporate Governance, represented by institutional ownership and managerial ownership, on Corporate Social Responsibility and Corporate Financial Performance, and also to observe the possible influence of Corporate Social Responsibility on Corporate Financial Performance. This research examines 126 manufacturing companies which are listed in Indonesian Stock Exchange (ISX and have issued an audited financial statement for 2006. The statistical method used to test the hypothesis is Path Analysis. The result suggests that Good Corporate Governance influences both the disclosure of Corporate Social Responsibility and Corporate Financial Performance and that Corporate Social Responsibility significantly influences Corporate Financial Performance. The result also suggests that CEO Tenure, the controlling variable, holds a significant influence on the disclosure of Corporate Social Responsibility. Yet, there is no strong evidence to support the type of industries as an influencing factor of Corporate Social Responsibility. Furthermore, we found that the latter condition would also apply when we analyze the influence of Corporate Secretary and Nomination and Remuneration Committee on Corporate Financial Performance. Abstract in Bahasa Indonesia: Penelitian ini bertujuan untuk mengidentifikasi pengaruh antara struktur Coorporate Governance yang diproksikan sebagai kepemilikan institusional, kepemilikan manajerial terhadap corporate social responsibility dan corporate social responsibility terhadap corporate financial performance. Penelitian menggunakan data sekunder dari laporan tahunan 2006 perusahaan publik yang terdapat di Pusat Referensi Pasar Modal (PRPM Bursa Efek Indonesia (BEI. Sampel dalam penelitian ini sebanyak 126 perusahaan. Melalui pendekatan analisa jalur (path analysis menunjukkan Good Corporate Governance yaitu kepemilikan managerial dan institusional mempunyai pengaruh terhadap

  3. A Survey of Corporate Governance

    OpenAIRE

    Andrei Shleifer; Vishny, Robert W.

    1996-01-01

    This paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world.

  4. Behavioral corporate governance : four empirical studies

    NARCIS (Netherlands)

    van der Laan, G.

    2009-01-01

    This thesis consists of studies of corporate governance from a behavioral perspective. The chapters are about trust between chief executive officers (CEOs) and board chairpersons, asymmetric effects of corporate social responsibility on corporate financial performance, compliance with corporate gove

  5. External Mechanisms of Corporate Governance

    OpenAIRE

    Radygin Alexandr; Entov Revold; Mejeraoups I.

    2007-01-01

    The aim of this research paper is to analyze those external corporate governance mechanisms, which either play a practical role or give an idea about the specifics of the Russian model. In the context of general institutional issues first of all market mechanisms are analyzed, which are “in built” into a modern system of corporate governance: financial arkets, corporate control market, bankruptcies. For the 2000’s, issues of improvement of the norms of voluntary regulation of corporate govern...

  6. Theoretical Framework for Corporate Governance

    OpenAIRE

    Georgescu Cristina Elena

    2012-01-01

    History has revealed that there is a never-ending evolution of theories or models of corporate governance. Companies are trying to instill the sense of governance into their corporate structure. This article is a review of literature on the range of theories in corporate governance. The fundamental theories in corporate governance began with the agency theory, expanded into stewardship theory and stakeholder theory and evolved to transaction cost theory. However, these theories address the ca...

  7. Regulation and Corporate Board Composition

    OpenAIRE

    Staubo, Siv

    2014-01-01

    This thesis is in the field of corporate governance. The corporate governance structure involves laws, rules, and regulations on the distribution of rights and responsibilities among the different stakeholders in the firm. Due to several financial crises in the late 1990s and early 2000s, there has been an increased interest in the regulation of corporate governance. In particular, the composition of the corporate board has achieved extensive attention. The first essay in the thesis inve...

  8. Corporate governance and banking regulation

    OpenAIRE

    Alexander, Kern

    2004-01-01

    The globalisation of banking markets has raised important issues regarding corporate governance regulation for banking institutions. This research paper addresses some of the major issues of corporate governance as it relates to banking regulation. The traditional principal-agent framework will be used to analyse some of the major issues involving corporate governance and banking institutions. It begins by analysing the emerging international regime of bank corporate governance. This has been...

  9. Corporate Governance Country Assessment : Ukraine

    OpenAIRE

    World Bank

    2006-01-01

    This report assesses Ukraine's corporate governance policy framework and enforcement and compliance practices. It highlights recent improvements in corporate governance regulations, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Ukraine. Several developments have worked to improve the corporate governance environment in recent years, including high levels of economic growth and a growing demand for capital growth in Ukrai...

  10. Politics and the Business Corporation

    OpenAIRE

    Sitkoff, Robert H

    2004-01-01

    This essay explores the policy bases for, and the political economy of, the law's long-standing regulation of corporate political speech. The essay has three parts. First, it contends that the conventional justifications for regulating corporate interventions in politics -- that corporate donations unnaturally skew the political discourse (bad politics) and that corporate political donations harm shareholders (agency costs) -- assume irrational investors and substantial capital market ineffic...

  11. Corporate information management guidance

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-08-01

    At the request of the Department of Energy`s (DOE) Information Management (IM) Council, IM representatives from nearly all Headquarters (HQ) organizations have been meeting over the past year as the Corporate Guidance Group (CGG) to develop useful and sound corporate information management (IM) guidance. The ability of the Department`s IM community to develop such unified guidance continues to be critical to the success of future Departmental IM planning processes and the establishment of a well-coordinated IM environment between Headquarters and field organizations. This report, with 26 specific corporate IM guidance items documented and unanimously agreed to, as well as 12 items recommended for further development and 3 items deferred for future consideration, represents a highly successful effort by the IM community. The effort has proven that the diverse DOE organizations can put aside individual preferences and work together towards a common and mutually beneficial goal. In examining most areas and issues associated with information management in the Department, they have developed specific, far-reaching, and useful guidance. The IM representatives recommend that the documented guidance items provided in this report and approved by the DOE IM Council be followed by all IM organizations. The representatives also strongly recommend that the guidance process developed by the CGG be the single process for developing corporate IM guidance.

  12. Corporate Climate Change

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    The American Chamber of Commerce, the People's Republic of China (AmCham-China) and the American Chamber of Commerce in Shanghai recently released "American Corporate Experience in a Changing China: Insights From AmCham Business Climate Surveys, 1999-2005." Excerpts of the report follow:

  13. Trends in corporate greening

    DEFF Research Database (Denmark)

    Madsen, Henning; Ulhøi, John Parm

    The concept of corporate environmental management has existed for the last two to three decades. Many companies have fully or partly adopted the concept in their efforts to eliminate or reduce the impacts on the natural environment caused by their business activities. The question is, however, if...

  14. Contractual Corporate Governance

    NARCIS (Netherlands)

    Goergen, M.; Renneboog, L.D.R.

    2008-01-01

    Companies have the choice to deviate from their national corporate governance standards by opting into another system. They can do so via contractual devices – such as cross-border mergers and acquisitions, (re)incorporations, and cross-listings – which enable firms to choose their preferred level o

  15. The Corporate Classroom.

    Science.gov (United States)

    Stenger, Richard S.

    1991-01-01

    In many states, schools use programs developed by industry to teach about environmental issues. Corporate-sponsored curricula appear to expose children to knowledge about nature, energy use, solid waste, and recycling, but they often actually display an incomplete and self-serving picture that is raising concern among environmentalists and…

  16. Corporate Governance and Development

    OpenAIRE

    Claessens, Stijn

    2006-01-01

    The literature shows that good corporate governance generally pays for firms, for markets, and for countries. It is associated with a lower cost of capital, higher returns on equity, greater efficiency, and more favorable treatment of all stakeholders, although the direction of causality is not always clear. The law and finance literature has documented the important role of institutions a...

  17. Corporate governance and public corruption

    OpenAIRE

    Cusolito, Ana

    2010-01-01

    Corporate governance in the private sector and corruption are important for economic development and private sector development. This paper investigates how corporate governance in private-sector media companies can affect public corruption. The analytical framework, based on models of corporate governance, identifies two channels through which media ownership concentration affects corrupt...

  18. Corporate Governance Country Assessment : Moldova

    OpenAIRE

    World Bank

    2004-01-01

    This report provides an assessment of Moldova's corporate governance framework-its legal and policy framework, as well as enforcement and compliance practices. The report makes policy recommendations where appropriate, and provides investors with a benchmark to compare corporate governance with the 1999 OECD Principles of Corporate Governance. Moldova is beginning to upgrade its legal and ...

  19. Corporal Punishment and the Schools.

    Science.gov (United States)

    Bauer, Gordon B.; And Others

    1990-01-01

    In order to understand and evaluate the continued prevalence of corporal punishment in school systems, this article reviews the following topics: (1) historical issues; (2) current demographics and correlates; (3) the effectiveness of corporal punishment in school settings; (4) myths; (5) alternatives to corporal punishment; and (6) social policy.…

  20. Corporate Governance Country Assessment : Egypt

    OpenAIRE

    World Bank

    2004-01-01

    This report provides an updated assessment of Egypt's corporate governance policy framework, enforcement and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Egypt. In recent years there have been a number of major reforms, mostly...

  1. Corporate Governance Country Assessment : Azerbaijan

    OpenAIRE

    World Bank

    2009-01-01

    This report assesses Azerbaijan's corporate governance framework-its laws and regulations, enforcement and common business practices. The report notes recent improvements in corporate governance regulation, makes recommendations of policy and institutional strengthening, and provides a benchmark against which to measure corporate governance in Azerbaijan. Note that the report covers only p...

  2. Corporate Governance, CSR og menneskerettigheder

    DEFF Research Database (Denmark)

    Buhmann, Karin

    2005-01-01

    Artiklen diskuterer om der findes en forbindelse mellem Corporate Governance og Corporate Social Responsibility i forhold til menneskerettigheder. Det konkluderes, at en sådan forbindelse findes, i hvert fald i forhold til arbejdstagerrettigheder og dele af forholdet til eksterne stakeholdere....... Menneskeretsaspekter i Good (Public) Governance fungerer som udgangspunkt for identifikation af menneskerettighedselementer i Corporate Governance...

  3. Introducing celebrity corporate brand and corporate brand enhancement

    OpenAIRE

    Hambali, A; Syed Alwi, SF; Balmer, JMT; Melewar, TC

    2015-01-01

    Purpose – The purpose of this paper is first, to explore the concept of celebrity brand at a corporate brand level, known as Celebrity Corporate Brand – CCB; second, to investigate the impact of CCB on corporate brand equity (termed - corporate brand enhancement). In particular, this study will explore CCB at both levels - ‘developed/own’ and ‘endorsed’ corporate brands. The research marshals the nascent literature of celebrity, human and people brand (e.g. Kowalczyk, 2013, 2011; Halonen-Knig...

  4. Purpose-driven corporations: how corporate law reorders the field of corporate governance

    OpenAIRE

    Segrestin, Blanche; Levillain, Kevin; Hatchuel, Armand

    2016-01-01

    International audience In a number of States, new legal " benefit " or " purpose " corporate forms are introduced to promote stakeholder-oriented companies. If it is too early to know empirically if this legal framework will work, we can build upon what we know on corporate governance to predict whether it is likely to work or not. In this paper, we present a mapping of the theories on corporate governance and derive some tentative predictions for purpose-driven corporations. We find that ...

  5. Corporate Social Responsibility, Corporate Citizenship, Corporate Governance : Schillernde Begriffe und ihre Deutung

    OpenAIRE

    Beschorner, Thomas

    2005-01-01

    Warum finden Corporate Social Responsibility, Corporate Citizenship, Corporate Governance und andere Begriffe in unternehmerischen Praxen zunehmend Verwendung? Wie können diese Begriffe in sinnvoller Weise differenziert werden, um damit wirklich einen Unterschied auszudrücken? Diese und weitere Fragen behandelt der vorliegende Beitrag. Von Thomas Beschorner

  6. The Relationship between Corporate Philanthropy and Corporate Reputation: Examining the Consumer-Company-Cause Triad

    OpenAIRE

    Szöcs, Ilona

    2013-01-01

    Although studies in scholarly journals suggest that corporate philanthropic activities may enhance corporate reputation, little systematic research on this effect exists. In fact, our knowledge of consumer responses to corporate philanthropic initiatives is limited. While corporate success relies on the support of customers, business benefits from corporate generosity - such as improved corporate reputation - are lacking. This dissertation investigates consumer perceptions of corporate philan...

  7. Corporate Social Responsibility

    DEFF Research Database (Denmark)

    Liempd, Dennis van; Warming-Rasmussen, Bent; Abild-Nielsen, Jens;

    2007-01-01

    Målet med denne artikel er at klargøre, at der findes forskellige teoretiske tilgange til ansvarlig leverandørstyring og Corporate Social Responsibility (i det følgende kaldt CSR). Endvidere er det målet at belyse, at området er i kraftig udvikling og forventes at få øget betydning for revisor i...... ansvarlig leverandørstyring og CSR. I artiklen konkluderes følgende: - at udviklingen i Corporate Social Responsibility indikerer, at etik er den mest betydende faktor (driver); (jf. afsnit 1)- at etik som primær driver vil betyde, at virksomheden vil gå ud over lovens minimumkrav, og stræbe efter de...

  8. A new corporate governance

    Directory of Open Access Journals (Sweden)

    Ion Bucur

    2015-12-01

    Full Text Available The issue of corporate governance has become increasingly important as globalisation has begun to accelerate and the economic and financial turmoil have intensified. Post-crisis context has imposed the need to expand the prospects for analysis over governance and companies, as well as the need to identify new ways of administration and resource management. From this perspective, the author aims to highlight the conditions, factors and events that have generated profound changes within the business environment, while the analysis is focusing on contemporary changes in the systems of corporate governance and economic mutations, especially in terms of the companies. The establishment of new governance rules is demanding a theoretical approach based on new methodological requirements which are needed to reform theoretical foundations and to promote creative and effective shapes and governance systems.

  9. ROK Corporation Won Bidding

    Institute of Scientific and Technical Information of China (English)

    Wang Keyu

    1996-01-01

    @@ China National Offshore Oil Corporation (CNOOC)completed the bidding for the platform project of Pinghu Oilfield in East China Sea on July 2, 1996. The Pinghu project was started at the beginning of this year. Among the nine firms from seven countries participating in the competitive bidding, Korean Heavy Industrial Corporation, with its good credit and technical strength, won the bid for construction of the drilling and oil-producing platform. It is a fixed offshore platform in a steel and iron structure with a total weight of 15 000 tons. It is also the largest production and processing platform in the offshore oilfields being operated by China itself. The platform is designed to produce 800 000 tons of crude and 530million cubic meters of natural gas each year.

  10. Precautionary Corporate Liquidity

    OpenAIRE

    Kaiji Chen; Zheng Song; Yikai Wang

    2015-01-01

    We develop a theory of corporate liquidity demand, capturing the fact that a firm's borrowing capacity depends on news on future investment profitability. In our model, bad news on future investment profitability reduces a firm's borrowing capacity and therefore increases the need for internal finance. Consequently, the firm's cash savings respond negatively to news on future profitability. This negative correlation is strongly supported by our empirical evidence using a combined data set of ...

  11. Precautionary corporate liquidity

    OpenAIRE

    Kaiji Chen; Zheng Song; Yikai Wang

    2010-01-01

    We develop a theory of corporate liquidity demand, capturing the fact that a firm'snborrowing capacity depends on news on future investment profitability. In our model, bad news on future investment profitability reduces a firm's borrowing capacity and therefore increases the need for internal finance. Consequently, the firm's cash savings respond negatively to news on future profitability. This negative correlation is strongly supported by our empirical evidence using a combined data set of ...

  12. Corporate social responsibility

    OpenAIRE

    Misiak, Małgorzata

    2016-01-01

    Considering environmental protection requirements in business operations may, in the long run, determine if a lasting comparative advantage can be achieved. That is why our textbook, rich in case studies, identifies not only the threats a business may pose to the environment but stresses the ways of reducing its negative impact. It discusses, among other things, the concept of corporate social responsibility, environmental management systems, methods and the importance of eco-labelling goods ...

  13. Conservatism in Corporate Valuation

    OpenAIRE

    Bach, Christian

    2011-01-01

    Using a CCAPM based risk adjustment model, consistent with general asset pricing theory, I perform corporate valuations of a large sample of stocks listed on NYSE, AMEX and NASDAQ. The model is different from the standard CAPM model in the sense that it discounts forecasted residual income for risk in the numerator rather than trough the cost of equity, in the denominator. Further, the risk adjustment is based on assumptions about the time series properties of residual income return and consu...

  14. Corporate Conflicts of Interest

    OpenAIRE

    Joel S. Demski

    2003-01-01

    This paper surveys conflicts of interest in the corporate governance arena, with emphasis on auditors, boards of directors, analysts and investment bankers, regulators, management, attorneys and investors. Enron provides a host of examples as well. I stress the multifaceted nature of these conflicts, and the fact most research looks at some conflicts, such as auditor independence, absent the larger setting and potential interactions among various players. I further speculate herding behavior ...

  15. Corporate Governance Communication

    OpenAIRE

    Flavio Gnecchi

    2006-01-01

    The recognised critical importance of corporate governance, and the attention that it is paid today, can be ascribed to several factors: sensational financial scandals (and the repercussions they have had for securities and financial markets), the exponential development of stock option policies, the information asymmetry that can be noted in practically every company, The different requests for information of the various categories of stakeholders, combine to strengthen the decision to adopt...

  16. Corporate Law's Limits.

    OpenAIRE

    Roe, Mark J.

    2002-01-01

    A strong theory has emerged that the quality of corporate law in protecting distant shareholders primarily determines whether ownership and control separate. The theory helps to convincingly explain why separation is weak in transition and developing nations. But in several rich nations, although legal structures as measured protect shareholders well, separation is shallow. Something else has impeded separation. Separation should be narrow if shareholders face high managerial agency costs if ...

  17. Corporate identity design Innovation

    OpenAIRE

    Costa, Carlos Casimiro da; Medeiros, Albertina; Fernandes, António Augusto

    2009-01-01

    Corporate identity, as a tool for identifying an interactive structure trough visual depict representation in particular, the creativity domains, where is possible to explore an innovative knowledge through systemic perspective. Innovation has origin in the exploration of creativity and in the capacity to connect the dots (Jobs, Steve), usually suspended asleep or that belong to our internal/external scenery. Most of the individuals interpret creativity as a generic procedure, something whic...

  18. Morality In Corporate Branding

    OpenAIRE

    Nordbjærg, Frederik; Fausild, Jeff; Nielsen, Andreas; Dominic, Cillo; Grosby Vad, Mathies; Singh, Pardeep

    2016-01-01

    This project aims at researching the shrouded side of multi-national corporations, essentially the moral aspects of the branding strategies employed. This is being done through a timeline of examples of moral decay on the corporations’ behalf. Furthermore, one of the projects main aims is uncovering marketing schemes, strategies and the effects there of, by looking at a classic advertisement featuring the Marlboro Man, also looking at the anti-campaigns that have been made, the anti-advertise...

  19. Corporate Social Responsibility

    OpenAIRE

    Chaudhary, Dipendra; Dhakal, Resham; Dhakal, Rajendra; Rayamajhi, Kalyan

    2013-01-01

    Social Responsibility has become positive agenda for many organizations to perform socially responsible business in the community. Organizations have been addressing on CSR issues in their corporate strategy to tackle various local and global issues. Focusing on social and environmental consideration can be profitable for business to proceed on sustainable business. In this context, this project explains on the various factors of CSR implemented by one of the service oriented organization in ...

  20. Corporate social responsibility

    OpenAIRE

    Priesterová, Lucia

    2010-01-01

    The main goal of this Diploma thesis is to find out, on the basis of research, how the companies from Czech and Slovak Republic perceive and apply in praxis the concept of corporate social responsibility. The work consists of theoretical and practical part. The theoretical part is included in the first three chapters. The first chapter defines the term CSR and illustrates the historical development of social responsibility. The second chapter presents various theories and approaches in the ar...

  1. Globalization and Corporate Taxation

    OpenAIRE

    KUMAR, Manmohan S.; Dennis P. Quinn

    2012-01-01

    This paper analyzes the extent to which the degree of international economic integration, both financial and trade, affects corporate tax rates. It explores this issue in the context of strategic behavior by countries, taking into account other global and domestic political economy factors. Tax rates are analyzed using a unique tax dataset for advanced and developing economies extending over five decades. We report a number of novel results: there is no general negative relationship between f...

  2. Corporate Social Responsibility

    OpenAIRE

    Fliegerová, Petra

    2013-01-01

    The diploma thesis “Corporate Social Responsibility“ deals with the present state of social responsibilities of companies with a focus on support for handicapped people in a particular society. Both several levels and the extent of implementing social responsibilities are described not only in general but also specifically in Škoda Auto with a focus on sheltered workshops, where it deals with integration of the handicapped employees. In practice, the sheltered workshops of Škoda Auto are pres...

  3. Corporate eLearning

    OpenAIRE

    Hanečáková, Martina

    2012-01-01

    This thesis provides information about employee education in corporation, primarily focusing on eLearning and LMS system (Learnig Management System), a software application for the administration and eLearning training programs and employee performance reviews. The thesis contains analyses on the LMS vendor selection as well as the comparison analyses of the eLearning versus traditional learning education, their differences, benefits and disadvantages. Additionally, the thesis provides overal...

  4. APPROACHES TO CORPORATE GOVERNANCE

    OpenAIRE

    Hines, Christine A.

    2009-01-01

    This paper explores the question ?what is corporate governance?? It examines dominant theoretical approaches to the subject, and reviews influential legislative attempts to address the area in the United States as well as the United Kingdom. Inconsistencies between theoretical approaches to the subject and practical frameworks will be discussed, along with the implications of current frameworks in the US and UK. It will be concluded that legislative reform ought to address the dynamic nature ...

  5. Corporate Diversification and Agency

    OpenAIRE

    Benjamin E. Hermalin; Katz, Michael L.

    2000-01-01

    Firms undertake a variety of actions to reduce risk through diversification, including entering diverse lines of business, taking on project partners, and maintaining portfolios of risky projects such as R&D or natural resource exploration. By a well-known argument, securities holders do not directly benefit from risk-reducing corporate diversification when they can replicate this diversification on their own. Moreover, shareholders should be risk neutral with respect to the unsystematic risk...

  6. Corporate Diversification and Agency.

    OpenAIRE

    Benjamin E. Hermalin and Michael L. Katz.

    2000-01-01

    Benjamin E. Hermalin and Michael L. Katz Keywords: diversification; principal-agent relationship Firms undertake a variety of actions to reduce risk through diversification, including entering diverse lines of business, taking on project partners, and maintaining portfolios of risky projects such as R&D or natural resource exploration. By a well-known argument, securities holders do not directly benefit from risk-reducing corporate diversification when they can replicate this diversification ...

  7. Corporate governance in India

    OpenAIRE

    Chakrabarti, Rajesh; William L. Megginson; Yadav, Pradeep K.

    2007-01-01

    This study describes the Indian corporate governance system and examines how the system has both supported and held back India's ascent to the top ranks of the world's economies. While on paper the country's legal system provides some of the best investor protection in the world, enforcement is a major problem with slow, over-burdened courts and significant corruption. Ownership remains concentrated and family business groups continue to be the dominant business model. There is significant py...

  8. Corporate tax & Corporate Social Responsibility, A Smear Connection

    OpenAIRE

    Bui, Thanh Giang

    2008-01-01

    The enhanced inspiration for Corporate Social Responsibility (CSR) strategy as a contemporary approach of doing business has triggered a new literature in corporate strategy and governance study. However, this desired strategy has drive business into image of good corporate citizens, a different direction in which taxation strategy is one of the efficient tools to maximise company and shareholder profits, regardless others related stakeholders. However, the channels through which businesses, ...

  9. Corporate Real Estate and Corporate Takeovers: International Evidence

    OpenAIRE

    Dirk Brounen; Mathijs van Dijk; Eichholtz, Piet M.A.

    2008-01-01

    We investigate whether corporate real estate ownership is a trigger for takeovers. The empirical analysis is based on a sample covering 225 takeovers in France, Germany, the Netherlands, and the United Kingdom between 1992 and 2003. Using a multivariate probit model in which we control for various financial firm characteristics we find that the role of corporate real estate in takeovers depends on the nature of the takeover, the industry, the period, and the country. The presence of corporate...

  10. Corporate identity and internal implementation of a corporate brand

    OpenAIRE

    Koskimies, Virpi

    2011-01-01

    Companies cannot build their strategy on predictable markets anymore ‐ all organizations nowadays need to adapt to change. In the heart of the change lies organizations identity. Corporate identity is closely related to corporate branding. This study focuses on a situation of change in a company with multiple identities. The case organization used to operate under several product and company brands that were merged into one and began building a coherent corporate brand. The theory part p...

  11. Corporate Regulation and Corporate Governance of Small Businesses in Australia

    OpenAIRE

    Kumudini Heenetigala; Anona Armstrong; Andrew Clarke

    2014-01-01

    This paper presents the results of a study of small business owner /managers and CEOs of industry associations in relation to corporate regulation and corporate governance for small businesses in Australia. It is part of a larger project investigating regulation and small business governance supported by an Australian Research Council grant and COSBOA. A survey of the CEOs of small business associations and small business owner/managers investigated the corporate governance practices of small...

  12. Essays on banking, corporate bankruptcy, and corporate finance

    OpenAIRE

    von Schedvin, E.L.

    2012-01-01

    Abstract: This thesis consists of four chapters that empirical explore issues related to bank credit supply, corporate bankruptcy risk, and firms’ leverage decisions. The first chapter explores the role of contractual externalities in loan contracts. The second chapter evaluates the extent trade credit chains between corporate firms lead to propagation of corporate failures. The third chapter explores non-linear relationships between firm failure and leverage, earnings, and liquidity. The fin...

  13. Corporate social responsibility, corporate reputation and employee engagement

    OpenAIRE

    Ali, Imran; Ali, Jawaria Fatima

    2011-01-01

    Corporate social responsibility (CSR) has been outlined as voluntarily additional legal duties of organization to serve environment and community. This voluntarily actions of corporate help them to develop reputation which can shape favorable attitude of employees towards work. Employee engagement is an attitude of commitment and involvement of employee towards their work and organization. Researchers have proved that engaged employees are more productive, more likely to achieve corporate go...

  14. Corporate social responsibility and corporate governance impact on finance performance

    OpenAIRE

    Hsiu-Jen Fu; Shu-Yi Ho

    2014-01-01

    This study explored, from the angle of corporate social responsibility and corporate governance, the extent to which the governance of listed companies in Taiwan affected and implemented, and understood its relation with corporate value. The method of statistics using SPSS 17.0 was employed and secondary information was gathered to probe the subjects. Empirical results with data were provided herein to present substantial recommendations for reference by the industry, academia, and government...

  15. Corporations as social contractors : a study on corporate social responsibility

    OpenAIRE

    2007-01-01

    This thesis takes up the issue of the role of business in today s society, in the form of Corporate Social Responsibility (CSR). The research question is: Do corporations/does business have responsibilities beyond maximising profit for owners? Social contract theory, as presented by Hobbes and Locke, is used to morally justify a corporate responsibility that goes beyond the traditional business responsibility of maximising profit for stolckholders. Further, the stakeholder model is proscribed...

  16. Predicting financial distress using corporate efficiency and corporate governance measures

    OpenAIRE

    Zhiyong, Li

    2014-01-01

    Credit models are essential to control credit risk and accurately predicting bankruptcy and financial distress is even more necessary after the recent global financial crisis. Although accounting and financial information have been the main variables in corporate credit models for decades, academics continue searching for new attributes to model the probability of default. This thesis investigates the use of corporate efficiency and corporate governance measures in standard sta...

  17. Essays on banking, corporate bankruptcy, and corporate finance.

    OpenAIRE

    2012-01-01

    Abstract: This thesis consists of four chapters that empirical explore issues related to bank credit supply, corporate bankruptcy risk, and firms’ leverage decisions. The first chapter explores the role of contractual externalities in loan contracts. The second chapter evaluates the extent trade credit chains between corporate firms lead to propagation of corporate failures. The third chapter explores non-linear relationships between firm failure and leverage, earnings, and liquidity. The fin...

  18. Essays on banking, corporate bankruptcy, and corporate finance

    OpenAIRE

    von Schedvin, E.L.

    2012-01-01

    This thesis consists of four chapters that empirical explore issues related to bank credit supply, corporate bankruptcy risk, and firms’ leverage decisions. The first chapter explores the role of contractual externalities in loan contracts. The second chapter evaluates the extent trade credit chains between corporate firms lead to propagation of corporate failures. The third chapter explores non-linear relationships between firm failure and leverage, earnings, and liquidity. The final chapter...

  19. Corporate governance and corporate performance: Implications for transition economies

    OpenAIRE

    Eldomiaty, T.I,

    1998-01-01

    This study examines corporate governance modes in different international business systems: the Anglo-Saxon, the Communitarian, and the Asian/emerging business systems. The review of the literature covers the link between corporate governance and the agency problem on the basis that the latter is concerned with the conflicting interests between corporate managers and its financiers. In this respect, the literature has come up with mechanisms that can mitigate the negative effects of the agenc...

  20. The integration of corporate governance in corporate social responsibility disclosures

    OpenAIRE

    Kolk, A.; Pinkse, J.

    2010-01-01

    In recent years, not only has attention to corporate governance increased but also the notion has broadened considerably, and started to cover some aspects traditionally seen as being part of corporate social responsibility (CSR). CSR, corporate governance and their interlink seem particularly relevant for multinational enterprises (MNEs), which, due to their activities in multiple contexts around the world and concomitant visibility, generally face higher demands to be transparent and disclo...

  1. Corporate marketing: Apocalypse, advent and epiphany

    OpenAIRE

    Balmer, JMT

    2009-01-01

    Purpose - this paper aims to explain the nature and relevance of corporate marketing and details the antecedents of the territory. Corporate marketing is a marketing and management paradigm which synthesises practical and theoretical insights from corporate image and reputation, corporate identity, corporate communications and corporate branding, among other corporate-level constructs. Design/methodology/approach – via the adoption of a quadrivium; a traditional classical, four-part, app...

  2. Secular Patterns in Corporate Finance

    OpenAIRE

    Robert A. Taggart, Jr.

    1981-01-01

    Trends in the financing of the corporate sector have been widely discussed in both business and academic circles. It is frequently argued, for example, that corporations' use of debt financing has increased dramatically in recent years. These discussions have been hampered, however, by the lack of a unified theoretical framework. In this paper, an attempt is made to develop such a framework using existing corporate finance theory and some extensions thereof. This theory is then used to interp...

  3. Essays on Empirical Corporate Governance

    OpenAIRE

    Schneider, Christoph

    2009-01-01

    This dissertation contributes to different areas in empirical corporate governance: composition of boards of directors (Chapter II), agency costs of free cash flow and the influence of large (institutional) blockholder (Chapter III), managerial preferences and the market for corporate control (Chapter IV), and insider trading (Chapter V). Chapter II analyzes the effects of bankers on supervisory boards of German non-financial corporations on firm policies and performance. The study suggests t...

  4. Internet corporate reporting in Greece

    OpenAIRE

    Spanos, Loukas; Mylonakis, John

    2006-01-01

    This paper investigates the internet corporate reporting practices of Greek listed companies. The aim is twofold: to contribute to the growing literature by examining internet corporate reporting for a small open European capital market; and to present a model of online dissemination of information by companies of all size in Greece. An Internet Disclosure Index (IDI) of 50 items is constructed, which incorporates content and presentation criteria. A total of 141 corporate websites were scre...

  5. Corporate Governance Disclosure in Malaysia

    OpenAIRE

    ONG, Wei Jiin

    2006-01-01

    This research provides evidence on corporate governance disclosure in Malaysia based on a sample of 25 Malaysian public listed companies on the Kuala Lumpur Composite Index (KLCI) in the year 1998 and 2005 that are listed on the Bursa Malaysia. The purpose of this dissertation is to examine whether after the launch of the Malaysian Code on Corporate Governance (HLFC, 2000) following the 1997/98 financial crisis, corporate governance in Malaysia has improved in terms of disclosure information ...

  6. Strategic Leadership of Corporate Sustainability

    DEFF Research Database (Denmark)

    Strand, Robert

    2014-01-01

    Strategic leadership and corporate sustainability have recently come together in conspicuously explicit fashion through the emergence of top management team (TMT) positions with dedicated corporate sustainability responsibilities. These TMT positions, commonly referred to as 'Chief Sustainability......? What effects do corporate sustainability TMT positions have at their organizations? We consider these questions through strategic leadership and neoinstitutional theoretical frameworks. Through the latter, we also engage with Weberian considerations of bureaucracy. We find that the reasons why...

  7. INNOVATIVE MANAGEMENT IMPERATIVES GLOBAL CORPORATIONS

    OpenAIRE

    ЛУК’ЯНЕНКО, О.Д; ДВНЗ «Київський національний економічний університет ім. В. Гетьмана»

    2011-01-01

     Some urgent questions of the establishment of global corporations management system have been reflected. The experience of the world leading corporations in gaining and maintaining the leading positions in the highly technological segments of the global market has been generalized. The constituents of the knowledge management process in the corporations of innovative type has been identified. The importance of creative personal qualities of managers to generate and implement effective innova...

  8. Corporate Governance dan Kepemilikan Keluarga

    OpenAIRE

    Umi Muawanah

    2014-01-01

    This research aims to analyze differences on the practice of corporate governance in family firms with non-family firm as well as to analyze the influence of family ownership on corporate governance practices. This study uses an embedded correlational design that incorporates mail surveys with in-depth interviews. Statistical analysis showed that there are differences in corporate governance practices among family with non-family firms. A number of proxy variables of family ownership and supe...

  9. Trends in Corporate Communication Strategies

    OpenAIRE

    Constantin Milosteanu; Ionel Scaunasu; Alina Cornescu; Nicolae Popovic

    2011-01-01

    When business strategy is correlated with corporate communication strategy, this is reflected in the position and image of the organization on the market, leading to higher sales and increased profitability. The major changes caused by globalization, coupled with the new dynamic of the markets where consumers have access to more information in less time, require new forms of corporate communication. The new corporate communication concept involves major challenges for managers and can help de...

  10. Corporate Governance and Global Communication

    OpenAIRE

    Giuseppina Gandini

    2006-01-01

    Communication plays a decisive role to evaluate how corporate responsibilities are taken and to recognise the potential to meet the expectations of the various social interlocutors. Information about the system of corporate governance, in terms of structural and operating characteristics, allows the user to assess its suitability, particularly in the light of the growing corporate complexity and the increasingly risky challenges of globalisation. Legislative intervention and self-regulation, ...

  11. The Value of Corporate Culture

    OpenAIRE

    Luigi Guiso; Paola Sapienza; Luigi Zingales

    2013-01-01

    We study which dimensions of corporate culture are related to a firm’s performance and why. We find that proclaimed values appear irrelevant. Yet, when employees perceive top managers as trustworthy and ethical, firm’s performance is stronger. We then study how different governance structures impact the ability to sustain integrity as a corporate value. We find that publicly traded firms are less able to sustain it. Traditional measures of corporate governance do not seem to have much of an i...

  12. Corporate Responsibility and Sustainable Development

    OpenAIRE

    Paolo Ricotti

    2003-01-01

    Corporate responsibility marks a historical turnaround in corporate culture because it attributes to it a role in which many costs externalised by the company to society and to the planet, but in fact produced directly or indirectly by it. A correct cultural approach and greater familiarity, particularly with the issues of manufacturing processes and products that have no impact on the environment, can make companies truly responsible and conscious of their role. Corporate Responsibility diff...

  13. Water Stewardship and Corporate Sustainability

    OpenAIRE

    Jones, Peter; Daphne COMFORT; Hillier, David

    2014-01-01

    The aim of this paper is to provide an exploratory review of the extent to which some of the world’s leading companies are publicly addressing water stewardship as part of their corporate sustainability strategies. The paper begins with an outline of the growing importance of corporate sustainability and water stewardship. The paper draws its empirical material from the most recent information on sustainability posted on the top twelve ‘Consumer Superbrands’ corporate websites. The findings r...

  14. Mezzanine finance and corporate bonds

    OpenAIRE

    Libena TETREVOVA

    2009-01-01

    The article deals with the problems of mezzanine finance in relation to corporate bonds. Firstly, attention is paid to definition of mezzanine finance. The term mezzanine finance is used as a term for hybrid forms of financing that combine elements of debt and equity financing. Mezzanine finance represents an alternative form of financing corporate activities. Secondly, possible forms of mezzanine finance are characterized. We can say that special types of corporate bonds (convertible bonds a...

  15. Disclosure regimes and corporate governance

    OpenAIRE

    Wüstemann, Jens

    2004-01-01

    As there is a strong relationship of disclosure regimes and corporate governance the internationally varying distribution of information rights can be interpreted as a function of different systems of corporate governance. A disclosure system comprises all legally recognized information claims that a system of corporate governance or a financial system furnishes financial contracting parties with: Both public disclosure and disclosure via private information channels may serve value-relevant ...

  16. CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY

    OpenAIRE

    Elena CHIȚIMUȘ

    2015-01-01

    Corporate governance is the system through which companies are directed and controlled but until today academic environment, regulators, corporations couldn’t reach a unanimous definition. Corporate governance provisions suffered changes after several largely covered financial scandals. Entities incur costs when complying with new regulations but not complying impacts the reputation and investors might think twice before bringing their money into the company. Accountability for business decis...

  17. FINANCING DECISION AND CORPORATE GOVERNANCE

    OpenAIRE

    ANDREI STANCULESCU; DAN NICOLAE IVANESCU; PETRE BREZEANU

    2011-01-01

    This paper sustains the existence of a biunivocal link between a company’s financing decision and the corporate governance. On the one hand, the financing decision has an impact on corporate performance, which has been confirmed. According to the agency theory, the financing decision will contribute to solving interest conflicts between shareholders and managers. On the other hand, the corporate governance mechanism provides the proper contractual framework for attracting financing resources....

  18. CORPORATE GOVERNANCE IN INDIAN OVERVIEW

    OpenAIRE

    Uma Maheswary; A. Chiranjeevi; J Rama Devi

    2015-01-01

    Corporate Governance is understood as a key element when reaching economic performance and growth enabling to increase the investors’ trust. Further on, it enables to create the structures supporting determination, control and reach of corporate objectives and targets. It provides creation of suitable initiatives for the members of administrative bodies and the management. A very wide spectrum of sectors coming under the Corporate Governance also appears when trying to define t...

  19. Determinants of corporate governance codes

    OpenAIRE

    Gerner-Beuerle, Carsten

    2014-01-01

    Corporate governance codes are an increasingly prominent feature of the regulatory landscape in many countries, yet remarkably little is known about the determinants of corporate governance reform. Potential determinants include: (1) the diffusion of an international benchmark model of good governance; (2) a country’s legal system; (3) the desire to attract foreign investors; and (4) the influence of interest groups. I construct a proxy for the investor-friendliness of 52 corporate governance...

  20. CORPORATE SOCIAL RESPONSIBILITY IN UKRAINE

    OpenAIRE

    Polyakova, E.

    2013-01-01

    In the article are considered essence of corporate social responsibility and terms necessary for realization of social activity management subjects. Hikes over are brought to realization of corporate social responsibility, meaningfulness of large and middle business is certain in becoming of social responsibility of enterprises. It is set that exactly midsize business must come forward as a main motor of economic development of Ukraine. Becoming features and modern state of corporate social r...

  1. THE SOUND OF CORPORATE GOVERNANCE

    Directory of Open Access Journals (Sweden)

    DUMITRASCU LUMINITA MIHAELA

    2012-07-01

    Full Text Available The paper explores the corporate governance and corporate social responsibility in music industry, by reviewing the literature and investigating the aspects in the context of a sample made by top companies in this domain. The paper spotlighting the mutual connections between corporate governance and corporate social responsibility. The research methodology used consists in investigate the corporate governance codes. It’s about a qualitative interpretive research methodology that was adopted. The findings suggest the intercorelation of corporate governance with corporate social responsibility. The main contribution of the author consists in the fact that the added value of this paper and the original contribution leads in the intercorelation of these two aspects of corporate governance and corporate social responsibility, the findings beeing interesting, implying that recent preoccupation with corporate governance in music industry is starting to be equable by some attention to social responsibility aspects, with growing appreciation of their interdependencies. Previous literature has researched corporate governance and corporate social responsibility independently. Due to this fact, this paper is considering them jointly. The paper is important for both practical and theoretical aspects: for managers and also can serve as the basis for future research on this topic. The current paper is realized in the doctoral program entitled “PhD in Economics at the Standards of European Knowledge- DoEsEc”, scientific coordinator Prof. PhD Niculae Feleaga, Institution: The Academy of Economic Studies Bucharest, Faculty of Accounting and Management Informatic System, Department of International Accounting, period of research 2009-2012.

  2. Corporate Governance: Principles and Regulations

    OpenAIRE

    PĂCALĂ Anca

    2012-01-01

    Corporate governance is only part of the broader economic context in which firms operate and includes, for example, macroeconomic policies,competition, or the markets of production factors. Contemporary debate on corporate governance refers in particular to the principles mentioned in three papers published after 1990: the UK Cadbury Report(1992), OECD Principles of Corporate Governance (1998 and 2004), and the Sarbanes-Oxley Law in the U.S. (2002). Cadbury and the OECD reports present genera...

  3. Network Culture, Performance & Corporate Responsibility

    OpenAIRE

    Silvio M. Brondoni

    2003-01-01

    The growth and sustainability of free market economies highlights the need to define rules more suited to the current condition of market globalisation and also encourages firms to adopt more transparent and accountable corporate responsibility (and corporate social responsibility, namely the relationship between the company, environment and social setting). From a managerial perspective, corporate responsibility is linked to ensure the lasting pursuit of the company mission, seeking increasi...

  4. Corporate Governance Country Assessment : Zambia

    OpenAIRE

    World Bank

    2006-01-01

    Good corporate governance ensures that companies use their resources more efficiently, protects minority shareholders, leads to better decision making, and improves relations with workers, creditors, and other stakeholders. It is an important prerequisite for attracting the patient capital needed for sustained long-term economic growth. This report provides an assessment of Zambia's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, ma...

  5. Measuring instruments of corporate reputation

    OpenAIRE

    Damir Grgić

    2008-01-01

    The subject of this paper is focused on the instruments for the measurement of corporate reputation. Recent research of the elements which influence the success of a company shows a growing interest in intangible values. Corporate reputation itself has been identified as one of the key intangible assets which create the company’s added value. Understanding of the importance of corporate reputation has been determined as a significant component of the company’s competitiveness, that is, of its...

  6. Research methodology of corporate rights essence

    Directory of Open Access Journals (Sweden)

    Svitlana Chernychynets

    2014-11-01

    Full Text Available The article deals with the corporate standards which are in the sources of corporate right. The nature of the category “corporate rights” is outlined. The main disadvantages of corporate rights interpretation in the national legislation and the scientific literature are presented. It is investigated a range, a list and contents of corporate rights that depend on not only the legal form of business organization. The definition of the term “corporate rights” is suggested. The recipients of corporate rights and powers of business organization as to its participants are studied. The corporate obligations of corporate rights owners towards the business organization are presented

  7. Peculiarities of Corporate Governance Methodology

    Directory of Open Access Journals (Sweden)

    Victoria Vladimirovna Prokhorova

    2016-04-01

    Full Text Available This work is devoted to the study of the quality and identification of priorities of institutional investors in corporate governance in Russia. The authors conclude that the main task of the corporate governance system is to create favorable conditions for broad attraction of foreign investments in Russian companies and to increase the role of shareholders in strategic management. At present, the companies from developed countries achieve higher economic performance through the introduction of modern methods of corporate governance. The adoption of the new Code of Corporate Governance in the Russian Federation in 2014 will create an opportunity to improve the efficiency of Russian companies and to conduct their activities in accordance with international standards through the introduction of modern corporate governance practices, including ensuring transparency of activities for investors. At the same time, despite significant improvements in corporate governance practices of Russian companies, the level of its quality in comparison with foreign countries remains low. The article highlights both positive and negative trends in the Russian practice of corporate governance. One of the effective corporate governance methods is to ensure feedback between Russian companies and institutional investors. The article presents the results of a survey of opinions of investors that allow to identify the main factors of corporate governance that motivate them to take investment decisions on the Russian market.

  8. CORPORATE GOVERNANCE IN INDIAN OVERVIEW

    Directory of Open Access Journals (Sweden)

    Uma Maheswary

    2015-01-01

    Full Text Available Corporate Governance is understood as a key element when reaching economic performance and growth enabling to increase the investors’ trust. Further on, it enables to create the structures supporting determination, control and reach of corporate objectives and targets. It provides creation of suitable initiatives for the members of administrative bodies and the management. A very wide spectrum of sectors coming under the Corporate Governance also appears when trying to define this term succinctly. Corporate governance may not be dictating the economic prospects of developing countries, it certainly plays an integral role in shaping them. The issue has always been central to finance and economics. The issue is particularly important for developing countries since it is central to financial and economic development. Recent research has established that financial development is largely dependent on investor protection in a country-de jure and de factor. With the legacy of the English legal system, India has one of the best corporate governance laws but poor implementation together with socialistic policies of the pre-reform era has affected corporate governance. Concentrated ownership of shares, pyramiding and tunnelling of funds among group companies mark the Indian corporate landscape. Boards of directors have frequently been silent spectators with the DFI nominee directors unable or unwilling to carry out their monitoring functions. Since liberalization, however, serious efforts have been directed at overhauling the system with the SEBI instituting the Clause 49 of the Listing Agreements dealing with corporate governance. This article focused on Corporate Governance in India an overview.

  9. COMPARATIVE STUDY ON CORPORATE GOVERNANCE

    Directory of Open Access Journals (Sweden)

    Gavrea Corina

    2011-12-01

    Full Text Available Corporate governance is a key element of today’s economic reality being more and more present in many countries around the world. This paper has two main objectives. The first one is to offer more insight into the concept of corporate governance by a thorough literature review and by presenting and analyzing a framework of corporate governance. The second objective of this paper is to investigate the corporate governance situation in three developing economies (Romania, Bulgaria and Hungary. The World Bank and the European Bank for Reconstruction and Development published a series of reports on corporate governance. The present study uses data from these reports in order to illustrate how these developing economies are dealing with corporate governance. Based on ROSC Reports a corporate governance score was calculated. As this score shows, there is room for improvement for all three developing economies. This study is important because it shows the differences in corporate governance among developing economies and the need to study these nations at the individual country level. Corporate governance has many benefits for developing economies. It helps developing economies to register sustainable growth rates, to increases investors’ confidence in the national economy, and to increase the ability of capital markets to mobilize savings.

  10. Corporate Social Responsibility

    OpenAIRE

    Jánošová, Simona

    2014-01-01

    Jánošová, S. CSR concept in Synot Gastro Slovakia s.r.o., Slovak republic .Bachelor thesis. Brno: Mendel University in Brno, 2014. The bachelor thesis focused on Corporate Social Responsibility in Synot Gastro Slovakia s.r.o., Slovak Republic. Company is a subsidiary of Synot W. a.s., but is oriented in different type of business. Synot Gastro Slovakia s.r.o.(Hotel Elizabeth)is company, which provides high quality services in a branch of hotel industry. Company provides services including acc...

  11. To Change Corporate Culture

    Institute of Scientific and Technical Information of China (English)

    尹雁

    2007-01-01

    1. Analysis of Culture and Managing change 1.1 The Two Varies of Models 1.1.1 Five-step model According to ’five-step model’, the progress of change could be divided into five stages. Firstly, manager needs to think why a culture change is necessary. Possibly due to the signals from the environment in which the company locate in, managers find the operating principles or routines are not in line with the change of the market. These elements have threatened the corporation. On this occasion, managers could start to analyze what kind of culture the organization possesses.

  12. Corporate social responsibility

    OpenAIRE

    Iversen, Geir-Henning; Johansen, Thomas

    2007-01-01

    Dagens bedrifter måles ikke bare etter deres økonomiske bunnlinje, men også etter hvordan de opptrer i samfunnet. Dette har ført til at foretakenes sosiale ansvar (Corporate Social Responsibility) har kommet mer og mer i fokus de senere årene, og bedriftene ønsker derfor ikke bare å innfri eiernes interesser, men også øvrige interessenters interesser. Mye av litteraturen rundt CSR baserer seg på store foretak. I Norge utgjør slike bedrifter bare 0,5 % av alle bedriftene, noe som innebærer...

  13. Rise of a New Corporate Vehicle

    DEFF Research Database (Denmark)

    Fomcenco, Alex

    2014-01-01

    So-called Public Benefit Corporations do not bring any revolutionary amendments to the way the traditional corporations are. But they represent a shift in the way our corporate mind and mentality is evolving. Despite the deficiencies in legislation, it must be acknowledged that this new corporate...... vehicle indicates that for some corporations public benefit objectives become more important than profits....

  14. STAKEHOLDER PERCEPTION OF CORPORATE SOCIAL RESPONSIBILITY

    OpenAIRE

    Petra F.A. Dilling

    2011-01-01

    As corporate social responsibility receives increased attention by company stakeholders, researchers are also increasingly exploring corporate social responsibility, its causes and implications. However little is known about the perception of corporate social responsibility. This study explores the link between stakeholder perception of corporate social responsibility and its relationship with underlying factors. The findings suggest that age of the corporation, community involvement, and cul...

  15. Stories of a Corporate World: The Corporate Colonization of Narrative.

    Science.gov (United States)

    Combs, Jason E.

    Following Stanley Deetz's (1992) work, this paper argues that storytelling can operate as a powerful medium for corporate colonization. Stories exist as sites where subjectivity forms through the intersection of various ideologies. As one such ideology, managerialism structures the world in ways that privilege the interests of corporate elites.…

  16. Corporate Schooling Meets Corporate Media: Standards, Testing, and Technophilia

    Science.gov (United States)

    Saltman, Kenneth J.

    2016-01-01

    Educational publishing corporations and media corporations in the United States have been converging, especially through the promotion of standardization, testing, and for-profit educational technologies. Media and technology companies--including News Corp, Apple, and Microsoft--have significantly expanded their presence in public schools to sell…

  17. CORPORATE SOCIAL RESPONSIBILITY. EXAMPLE ROSIA MONTANA GOLD CORPORATION

    OpenAIRE

    Vasile Burja; Silvia – Stefania Mihalache

    2010-01-01

    Corporate Social Responsibility, a concept without a world accepted definition is starting to beused in Romania as well. This is the reason why in the present article we try to make a theoreticaldescription of the present concept and to exemplify it by presenting the responsible activities of acorporation in Romania, Rosia Montana Gold Corporation.

  18. How Corporate Governance Affects Strategy of Corporations : - Lessons from Enron Corporation -

    OpenAIRE

    Ahmed, Hameed; Najam, Ali

    2006-01-01

    Corporate governance is a subject of academic and professional debate. It has and it will continue to be a topic under scrutiny for subsequent deliberations since there are many different research dimensions and contexts associated with it. However, it has been observed that the linkage between corporate governance and strategy of a corporation remains as an untapped area with considerable avenues of research. This paper tends to explore this linkage, using Enron scandal as backdrop. In the a...

  19. Business Development Corporation, Inc.

    Energy Technology Data Exchange (ETDEWEB)

    Jasek, S.

    1995-12-31

    Business Development Corporation, Inc., is a company specializing in opportunity seeking and business development activities in the {open_quotes}new{close_quotes} post communist Central and Eastern Europe, with particular emphasis on the Republics of Poland and Slovakia. The company currently focuses its expertise on strategic investing and business development between Central Europe and the United States of America. In Poland and Slovakia, the company specializes in developing large scale energy and environmental {open_quotes}infrastructure{close_quotes} development projects on the federal, state, and local level. In addition, the company assists large state owned industries in the transformation and privatization process. Business Development Corporation has assisted and continues to assist in projects of national importance. The staff of experts advise numerous large Polish and Slovak companies, most owned or in the process of privatization, on matters of restructuring, finance, capital structure, strategic parternships or investors, mergers, acquisitions and joint ventures with U.S. based firms. The company also assists and advises on a variety of environmental and energy matters in the public and private sector.

  20. Corporate citizenship: Statoil.

    Science.gov (United States)

    Fjell, Olav

    2003-01-01

    Open markets alone do not guarantee equitable and sustainable development. Income disparities are growing both within and between countries to the extent that the marginalization of the poor has become a key challenge of globalization. To meet this challenge, the global community must address the governance gap between global finance/economics and local or national politics in world affairs. This article discusses how globalization is shaping Statoil's approach to corporate citizenship. The Norwegian firm, with 17,000 workers in some 25 countries, is one of the major net sellers of crude oil and supplies Europe with natural gas. Statoil maintains that corporations can contribute to global governance by conducting business in a manner that is ethical, economically viable, environmentally sound, and socially responsible. This contribution can be achieved through development partnerships with national governments, multilateral institutions, and nongovernmental organizations. Norway's Statoil ASA is one of the world's largest net sellers of crude oil and a major supplier of natural gas to Europe. It is the leading Scandinavian retailer of petroleum and other oil products. Statoil employs approximately 17,000 workers and operates in 25 countries. PMID:17208716

  1. The Corporate Assault on Democracy

    Directory of Open Access Journals (Sweden)

    Sharon Beder

    2008-01-01

    Full Text Available The revolutionary shift that we are witnessing at the beginning of the 21st Century from democracy to corporate rule is as significant as the shift from monarchy to democracy, which ushered in the modern age of nation states. It represents a wholesale change in cultural values and aspirations.This eclipse of democratic values by corporate values is not a natural evolution but the consequence of a deliberate strategy employed by corporate executives who have combined their financial and political resources to spread free market ideology. Corporations, individually and in concert, have utilised all the major communication institutions of a modern society – including the media and education – to shape community beliefs, values and behaviour. This has enabled corporations ‘to enthral and becloud the understanding’ of large numbers of citizens[1] so that it is commonly believed that large corporations are benevolent institutions that should be minimally regulated because what is good for them is good for society as a whole.Throughout the 20th Century business associations and coalitions coordinated mass propaganda campaigns that combined sophisticated public relations techniques developed in 20th Century America with revitalised free market ideology originating in 18th Century Europe. The purpose of this propaganda onslaught has been to persuade a majority of people that it is in their interests to eschew their own power as workers and citizens, and forego their democratic right to restrain and regulate business activity. As a result the political agenda is now largely confined to policies aimed at furthering business interests.The weight of corporate propaganda has been augmented by the growth of business networks and coalitions aimed at shaping policy outcomes. Alex Carey, author of Taking the Risk out of Democracy, argued that the 20th Century has seen three related developments; ‘the growth of democracy, the growth of corporate power

  2. The Relationship between Corporate Social Responsibility and Corporate Value Using the Game Theory

    OpenAIRE

    Zhaoliang Sun; Huipeng Yuan

    2010-01-01

    The relationship between corporate social responsibility and corporate value cause the attention of theory circleincreasingly. This paper analyzes the mechanism of the corporate social responsibility to corporate value,introducing the game model to justify the legitimacy of corporate social responsibility and demonstrate itsfunction to corporate value. At last, the corresponding countermeasures are put forward.

  3. Corporate Social Responsibility, Reputation, and Moral Communication

    DEFF Research Database (Denmark)

    Schultz, Friederike

    2013-01-01

    Conditions and notions of corporate reputation underwent in the last years a fundamental change. Economic and technological processes of globalization, modernization, and rationalization enforced the institutionalization of corporate social responsibility (CSR) in the corporate world. It is often...

  4. Corporate Support of Education: Some Strings Attached

    Science.gov (United States)

    Malott, Robert H.

    1978-01-01

    Corporate self-interest should guide corporate giving. Managers of publicly held corporations have the right, the capability, and the obligation to establish a philosophical screen to use in determining how shareholders' money is to be donated. (Author/MLF)

  5. The Changing Shape of Corporations.

    Science.gov (United States)

    Wagner, June G.

    2003-01-01

    This newsletter contains two articles dealing with the changing shape of corporations. The article "Trends in Business Culture" argues that Wal-Mart's emergence as the largest corporation in the United States reflects the larger economic shift in the U.S. economy from production of goods to provision of abstract goods such as services and…

  6. Internal communication in corporate groups

    OpenAIRE

    Grzesik, Katarzyna

    2015-01-01

    This chapter is dedicated to internal communication in corporate groups. It discusses internal communication systems operating in the explored corporate groups and their significance for effective human resources management in those organisations. The chapter presents both the theoretical analysis based on the results of literature studies, and empirical research carried out in the explored groups. Narodowe Centrum Nauki Katarzyna Grzesik

  7. Tensions of Corporate Social Responsibility

    DEFF Research Database (Denmark)

    Strand, Robert

    I engaged with the top management team (TMT) and employees of American Cafes Corporation as an action/intervention researcher in the 20 months immediately following the TMT’s decision to formalize the company’s corporate social responsibility (CSR) activities. This led to the establishment of a...

  8. Corporate Social Responsibility for Sustainability

    Directory of Open Access Journals (Sweden)

    Wojciech Przychodzeń

    2014-06-01

    Full Text Available Purpose: The purpose of this paper is to is to provide insights on implementing corporate social responsibility for sustainability (CSRS concept and show how it differs from basic corporate social responsibility (CSR. Methodology: The paper discusses major issues with references to existing literature and real business cases from S&P500 consumer discretionary sector. Findings: The main fi nding of this paper is that CSRS could provide the company with a competitive advantage as a growing number of consumers become more sustainable conscious. It could also help to overcome the increasing consumers’ skepticism towards corporate social responsibility practices. Finally, it can also be seen as a step forward in defi ning what types of corporate activities are associated with desirable social and environmental gains. Research limitations: Our sample was restricted to the U.S. fi rms from the consumer discretionary sector. Therefore, conclusions should not be generalized to other markets. Our study is based on the analysis of environmental and social responsibility statements and assumes that they accurately represent corporate commitment in majority of the cases. Practical implications: CSRS offers corporations the opportunity to use their unique skills, culture, values, resources, and management capabilities to lead social progress by making sustainability part of its internal corporate logic. Originality: The paper raises the importance of the different conditions necessary for making sustainable development concept an important part of corporate strategy.

  9. Corporate Governance Country Assessment : Chile

    OpenAIRE

    World Bank

    2003-01-01

    Chile's equity market is fairly large and successful. The market capitalization of the 249 listed firms represented 89 percent of GDP at year-end, 2001. Corporate ownership is concentrated and pyramid structures are common. Business groups/conglomerates are the predominant corporate form. Institutional investors, especially pension funds, are active equity investors. The Securities Market ...

  10. Constructing corporate identities on websites

    DEFF Research Database (Denmark)

    Bøilerehauge, Dorrit

    2007-01-01

    En analyse og diskussion af hvorledes internationale virksomheder konstruerer deres identitet på deres corporate websites.......En analyse og diskussion af hvorledes internationale virksomheder konstruerer deres identitet på deres corporate websites....

  11. Corporal Punishment and Child Adjustment

    Science.gov (United States)

    Aucoin, Katherine J.; Frick, Paul J.; Bodin, S. Doug

    2006-01-01

    The association between corporal punishment and children's emotional and behavioral functioning was studied in a sample of 98 non-referred children with a mean age of 12.35 (SD=1.72) recruited from two school systems in the southeastern United States. Children were divided into those who had experienced no corporal punishment over approximately a…

  12. Entropy in Corporate Information Systems

    Directory of Open Access Journals (Sweden)

    Victor Y. Tsvetkov

    2014-03-01

    Full Text Available This paper describes the stages of entropy formation. It depicts the basic definitions of the corporate information systems. This paper describes the quality of entropy, the duration of the entropy in the corporate information system. The article also gives a paradigmatic description of the action of information entropy in time.

  13. Hungary : Corporate Governance Country Assessment

    OpenAIRE

    World Bank

    2003-01-01

    This report assesses the corporate governance policy framework and enforcement and compliance practices in Hungary. Hungary has already invested considerable resources in upgrading its legislation to meet European Union Directives, and the legislative and regulatory framework dealing with corporate governance issues is robust. The major issues identified by this review include: (1) the gen...

  14. The Banning of Corporal Punishment.

    Science.gov (United States)

    Cryan, John R.

    1995-01-01

    Presents the 1985 resolution of the Association for Childhood Education International (ACEI) for participation in the interdisciplinary effort to ban corporal punishment. Discusses distinctions between discipline and child abuse. Reports medical and psychological effects of physical punishment, and relationships between school corporal punishment…

  15. Sinopec International Petroleum Service Corporation

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Established in December 2003, Sinopec international Petroleum Service Corporation (SIPSC) is a fullyowned subsidiary of China Petrochemical Corporation (Sinopec Group). The company is mainly engaged in contracting international petroleum service projects and providing technical services, and is responsible for uniform management, coordination and organization of contracted international projects and labor service cooperation performed by Sinopec's upstream subsidiaries.

  16. Corporate Governance Country Assessment : Malawi

    OpenAIRE

    World Bank

    2007-01-01

    This ROSC assessment of corporate governance in Malawi benchmarks law and practice against the Organization for Economic Cooperation and Development (OECD) Principles of Corporate Governance and covers public interest entities (including public limited companies, financial institutions, and parastatal companies) with special focus on the companies listed on the MSE. This report should be r...

  17. Theory "W": The Corporate Warrior.

    Science.gov (United States)

    Morris, David J., Jr.

    1986-01-01

    Describes power structure of corporations functioning under Theory W in which single leaders, in partnership with trusted followers, achieve corporate success. Basis of this industrial structure is attributed to social and developmental structures of prehistoric man and city states. Dimensions of W, X, Y, and Z theories are discussed. (MBR)

  18. CORPORATE ENTREPRENEURSHIP: A STRATEGIC AND STRUCTURAL PERSPECTIVE

    OpenAIRE

    Joao Ferreira

    2005-01-01

    Recently there has been a growing interest in the use of corporate entrepreneurship as a means for corporations to enhance the innovative abilities of their employees and, at the same time, increase corporate success through the creation of new corporate ventures. However, the creation of corporate activity is difficult since it involves radically changing internal organisational behaviour patterns. Researchers have attempted to understand the factors that stimulate or impede corporate entrep...

  19. Conservatism in Corporate Valuation

    DEFF Research Database (Denmark)

    Bach, Christian

    Using a CCAPM based risk adjustment model, consistent with general asset pricing theory, I perform corporate valuations of a large sample of stocks listed on NYSE, AMEX and NASDAQ. The model is different from the standard CAPM model in the sense that it discounts forecasted residual income for risk...... in the numerator rather than trough the cost of equity, in the denominator. Further, the risk adjustment is based on assumptions about the time series properties of residual income return and consumption rather than historical returns. I compare the pricing performance of the model with the standard CAPM based...... valuation model, both considering the absolute valuation errors and an investment setting where simple investment strategies are made based on the results of the respective models. The CCAPM model performs substantially better than the CAPM based model when comparing absolute valuation errors. Both models...

  20. The Solar Development Corporation

    Energy Technology Data Exchange (ETDEWEB)

    Singer, C.E.

    1997-12-01

    This paper describes a proposed stand alone company, the Solar Development Corporation (SDC), to be a business development and financing entity for photovoltaic operations with the potential to be commercially sustainable. SDC will have a fully integrated policy advocacy link to the World Bank. SDC will define target countries where the potential exists for significant early market expansion. In those countries it will provide: market and business development services that will accelerate the growth of private firms and deepen the penetration of Solar Home Systems (SHS) and other rural PV applications in the market; and access to pre-commercial and parallel financing for private firms to (1) expand their capability in PV distribution businesses, and (2) strengthen their ability to provide credit to end users. SDC itself will not engage in direct financing of the final consumer. It is intended that as far as possible SDC`s finance will be provided in parallel with financing from Financial Intermediaries.

  1. Corporate Climate Strategies

    DEFF Research Database (Denmark)

    Bjarnø, Ole-Christian; Maltha, Jonas

    2003-01-01

    Since the 1997 Kyoto Protocol on Climate Change outlined the first embryonic plans for an emissions market, a significant uncertainty about the value on carbon, in concert with a swift development in energy business, has brought about the concept of carbon management. Carbon management aims...... strategic carbon management for medium to large companies with greenhouse gas intensive activities. The guideline framework is established on the basis of a generic strategy structure in which the factors influencing corporate climate strategies are identified. It is concluded that there is little rationale...... behind extracting of climate strategy from the Environmental Health and Safety (EHS) context - the truly innovative aspect is the construction of an operational multiple Green House Gas information system, which should 1) measure, monitor, aggregate, record, and disseminate emission data (e.g. through...

  2. Advanta Financial Corporation

    International Nuclear Information System (INIS)

    Services provided by Advanta Financial Corporation to the oil and gas industry are described. These services include industrial equipment leasing, and sale and lease back of new or used equipment in the $ 250,000 to $ 2 million range. Office equipment is provided on a 12 to 60 month capital lease with 100 per cent financing on new equipment. Service equipment is also available on 12 to 60 month capital lease and 0 to 25 per cent equity is required. Production equipment is leased on 12 to 84 month capital and operating lease agreement and requires 0 to 25 per cent equity. The process of concluding a lease in each category is described, including documentation requirements, equipment description, engineering summary, equipment schedule and acceptance, evidence of insurance and fiscal arrangements. In general, flexibility in the arrangements is the key to success in an aggressive and highly competitive industry

  3. Corporate Regulation and Corporate Governance of Small Businesses in Australia

    Directory of Open Access Journals (Sweden)

    Kumudini Heenetigala

    2014-09-01

    Full Text Available This paper presents the results of a study of small business owner /managers and CEOs of industry associations in relation to corporate regulation and corporate governance for small businesses in Australia. It is part of a larger project investigating regulation and small business governance supported by an Australian Research Council grant and COSBOA. A survey of the CEOs of small business associations and small business owner/managers investigated the corporate governance practices of small businesses, their understanding of their duties as directors, their approach to managing risks and accountability, the regulatory difficulties experienced by small businesses, and the factors that inhibited or promoted the performance of small business.

  4. Measuring instruments of corporate reputation

    Directory of Open Access Journals (Sweden)

    Damir Grgić

    2008-12-01

    Full Text Available The subject of this paper is focused on the instruments for the measurement of corporate reputation. Recent research of the elements which influence the success of a company shows a growing interest in intangible values. Corporate reputation itself has been identified as one of the key intangible assets which create the company’s added value. Understanding of the importance of corporate reputation has been determined as a significant component of the company’s competitiveness, that is, of its competitive edge. Reputation is a normal part of our life and an integral part of our society. Our interest in the honesty and integrity of others is firmly established in all cultures and nowadays the focus of this interest is switching increasingly on companies. Corporate reputation can be acquired by means of strong, well-developed strategies, which are crucial for the opinion of stakeholders regarding future stability and competitive sustainability of the company. On the other hand, it should be emphasized that in order to manage it, corporate reputation has to be measured first. However, although the concept of corporate reputation is universally accepted and its significance has been recognized especially in the last two decades, the process of its measurement is still at an early stage and there is no universally accepted instrument for its measurement. Therefore, the author of this paper gives an overview of the instruments used for the measurement of corporate reputation which have gained a foothold through former practical usage.

  5. Corporate Brand Trust as a Mediator in the Relationship between Consumer Perception of CSR, Corporate Hypocrisy, and Corporate Reputation

    Directory of Open Access Journals (Sweden)

    Hanna Kim

    2015-03-01

    Full Text Available The aim of this research is to investigate the relationship between consumer perception of Corporate Social Responsibility (CSR, corporate brand trust, corporate hypocrisy, and corporate reputation. Based on the one-to-one interview method using a structured questionnaire of 560 consumers in South Korea, the proposed model was estimated by structural equation modeling analysis. The model suggests that consumer perception of CSR influences consumer attitudes toward a corporation (i.e., perceived corporate hypocrisy and corporate reputation by developing corporate brand trust. This in turn further enhances corporate reputation while decreasing corporate hypocrisy. The findings of our study demonstrate that consumer perception of CSR is an antecedent to corporate brand trust, which fully mediates the relationship between consumer perception of CSR and corporate reputation. In addition, corporate brand trust has the role of partial mediator in the relationship between consumer perception of CSR and corporate hypocrisy. These results imply that to better understand the relationship between consumer perception of CSR and consumer attitudes toward a corporation, it is necessary to consider corporate brand trust as an important mediating variable. The theoretical and practical implications of this study are discussed, together with its limitations and potential for future research.

  6. NEW COMMUNICATION TREND OF THE CORPORATIONS: CORPORATE SOCIAL RESPONSIBILITY - AN ANALYSIS REGARDING CORPORATE SOCIAL RESPONSIBILITY CONSCIOUSNESS OF THE CORPORATIONS HAVING THE HIGHEST CORPORATE REPUTATION IN TURKEY

    OpenAIRE

    GÖKSU, Fatma

    2010-01-01

    Corporate social responsibility campaigns which are one of the most fundamental determinative subjectsin the connection of a corporation with the world and one of the most important parameters ofcorporate reputation are a long-term communication system. When we look at history, we see that theelements encouraging humans to social behaviours dated back centuries ago.Corporate social responsibility incorporates many studies such as making studies within the frameworkof ethical rules and prepari...

  7. THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON CORPORATE VALUE

    Directory of Open Access Journals (Sweden)

    Diana DOBRESCU

    2013-12-01

    Full Text Available This paper investigates the correlation between Corporate Social Responsability actions and companies’ value. For this purpose a data base was created for 101 important companies in Romania, for years 2011 and 2012. The data was processed using Eviews 7 and SAS 9.2 softwares and the econometric variables specific determinations were interpreted in an econometric approach. A new index for the Corporate Social Responsabilitiy hierarchy levels was proposed and its applicability was demonstrated.

  8. THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON CORPORATE VALUE

    OpenAIRE

    Diana DOBRESCU

    2013-01-01

    This paper investigates the correlation between Corporate Social Responsability actions and companies’ value. For this purpose a data base was created for 101 important companies in Romania, for years 2011 and 2012. The data was processed using Eviews 7 and SAS 9.2 softwares and the econometric variables specific determinations were interpreted in an econometric approach. A new index for the Corporate Social Responsabilitiy hierarchy levels was proposed and its applicability was demonstrated.

  9. Corporate foundation as a tool for achieving corporate social goals

    OpenAIRE

    Kwiecińska, Monika

    2014-01-01

    In Poland the number of corporate foundations has increased rapidly in recent years. Such non-profit entities, established by companies, have not only become more numerous but also become more significant for the founding company. This could be associated with the significance of the CCI concept (Corporate Community Involvement) and its popularity in Poland and around the world. It refers to financial, material and human contributions that companies provide to social initiatives in order to f...

  10. Corporate Reputation and Corporate Ethics: Looking Good or Doing Well

    OpenAIRE

    Ricardo Leiva; Ignacio Ferrero; Reyes Calderón

    2014-01-01

    Corporate reputation (CR) has become a fashionable topic due, among other reasons, to the recent financial and economic crisis and spreading corporate scandals. Given its interdisciplinary character and intangible nature, CR has been a frequent issue in many disciplines, but scarcely present in the business ethics field. This neglect is odd since a good reputation is one of the most valuable consequences of doing the right things and the things right. In this paper, we intend to explain this ...

  11. Institutional investors, corporate ownership and corporate governance: Global perspectives

    OpenAIRE

    Gillan, Stuart L.; Laura T. Starks

    2002-01-01

    We examine the role of institutional investors in financial markets and in corporate governance. In many countries, institutional investors have become the predominant players in financial markets and their influence worldwide is growing, chiefly due to the privatization and development of pension fund systems. Moreover, foreign institutional investors are becoming a significant presence, bringing their trading habits and corporate governance preferences to international markets. In fact, we ...

  12. Corporate Governance and Corporate Law Structure in European Countries

    OpenAIRE

    Mertzanis, V. H.

    2000-01-01

    The paper describes the different broad systems of corporate governance existing in Continental Europe (the insider system) and in the UK (and the US, the outsider system), identifies certain differences in the concentration and nature of corporate ownership between both systems and comments on the consequences that these discrepancies have in terms of agency costs and the development of mechanisms to separate ownership (cash flow rights) and control (voting rights) both at the level of the f...

  13. Corporate social responsibility: a study of Kazakhstan corporate sector

    OpenAIRE

    Rajasekhara Mouly Potluri; Yespayeva Batima; Kunev Madiyar

    2010-01-01

    Purpose – The main purpose of this research is to know the attitudinal displays of Kazakhstan companies towards corporate social responsibility. Apart from this, the paper also seeks to analyze the opinions of Kazakh employees, customers and the general public about their companies' socially responsible actions. Design/methodology/approach – After a thorough revision of the relevant literature on corporate social responsibility, through well structured questionnaires and informal personal int...

  14. Corporate Governance in Pakistan : Corporate Valuation, Ownership and Financing

    OpenAIRE

    Javid, Attiya Y.; Robina Iqbal

    2010-01-01

    In this study the relationship between corporate governance and corporate valuation, ownership structure and need of external financing for the Karachi Stock Market is examined for the period 2003 to 2008. To measure the firm- level governance a rating system is used to evaluate the stringency of a set of governance practices and cover various governance categories : such as board composition, ownership and shareholdings and transparency, disclosure and auditing. The sample consists of 60 non...

  15. Corporate Brand Trust as a Mediator in the Relationship between Consumer Perception of CSR, Corporate Hypocrisy, and Corporate Reputation

    OpenAIRE

    Hanna Kim; Won-Moo Hur; Junsang Yeo

    2015-01-01

    The aim of this research is to investigate the relationship between consumer perception of Corporate Social Responsibility (CSR), corporate brand trust, corporate hypocrisy, and corporate reputation. Based on the one-to-one interview method using a structured questionnaire of 560 consumers in South Korea, the proposed model was estimated by structural equation modeling analysis. The model suggests that consumer perception of CSR influences consumer attitudes toward a corporation ( i.e. , perc...

  16. Corporate Governance Country Assessment : Republic of Lithuania

    OpenAIRE

    World Bank

    2002-01-01

    This assessment benchmarks the Lithuanian corporate governance system against the OECD Principles of Corporate Governance and highlights a number of areas where Lithuania's corporate governance system can be strengthened. Lithuania has already invested considerable resources in upgrading its legislation to meet EU Directives, and the legislative and regulatory framework dealing with corpor...

  17. Corporate Governance Country Assessment : Russian Federation

    OpenAIRE

    World Bank

    2013-01-01

    This report assesses Russia's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Russia. Corporate governance has been a major policy issue in Russia since the beginning of its transition to a market economy. The pr...

  18. CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY

    Directory of Open Access Journals (Sweden)

    Elena CHIȚIMUȘ

    2015-04-01

    Full Text Available Corporate governance is the system through which companies are directed and controlled but until today academic environment, regulators, corporations couldn’t reach a unanimous definition. Corporate governance provisions suffered changes after several largely covered financial scandals. Entities incur costs when complying with new regulations but not complying impacts the reputation and investors might think twice before bringing their money into the company. Accountability for business decisions, risk management, control that set the economic path of the company is mandatory for proving that the company is run in a fairly and smart way. This study aims to investigate how corporate governance relates to accountability of all parties involved in the current business of companies as any conflict of interest is detrimental to the company and affects in a negative way its performance.

  19. Corporate governance and intellectual capital

    Directory of Open Access Journals (Sweden)

    Rahmat Alizadeh

    2014-01-01

    Full Text Available The purpose of this paper is to examine the association between corporate governance and Intellectual capital in the pharmaceutical companies accepted in Tehran Stock Exchange over the period 2004-2009 using a regression based model. The study investigates the impacts of three some independent variables of the corporate governance (i.e. the number of board members, the relative extent of nonexecutive to executive directors, the auditing committee. The results suggest that corporate governance had no special effect on intellectual capital in the pharmaceutical companies. Furthermore among corporate governance's variables, the first one (i.e. board size had negative impact on firms' intellectual capital and the second and the third variables had no effects on intellectual capital.

  20. Discourses and Inter-Corporeity

    Directory of Open Access Journals (Sweden)

    Algis Mickūnas

    2015-10-01

    Full Text Available Contemporary European theories have focused attention on corporeity, its surface excitations and passions, and even on politically constructed bodies – how do men and women “carry their bodies”. The great variety of such claims suggests transformations in theoretical thinking, yet such changes were already articulated at another level by phenomenological studies: kinesthetic body. It is obvious that to speak of corporeity is possible only on the basis of analyses of corporeal movements. Thus, the aim of this essay is to disclose the structures of bodily movements, constituting the basis of primordial awareness – not “I think” but “I can”. In the essay there are presented a number of theses of post modernists who have not developed adequate analyses of corporeal movements.

  1. Corporate Integrity Agreement (CIA) documents

    Data.gov (United States)

    U.S. Department of Health & Human Services — OIG negotiates corporate integrity agreements (CIA) with health care providers and other entities as part of the settlement of Federal health care program...

  2. ORGANIZATIONAL CULTURE AND CORPORATE ENTREPRENEURSHIP

    Directory of Open Access Journals (Sweden)

    SVETISLAV PAUNOVIC

    2014-10-01

    Full Text Available Keeping and increasing competitive advantages in a relatively longer period of time has become very difficult and challenging for businesses. In order to survive in a very turbulent business environment, large organizations are under the pressure of constant changes while struggling to overcome what has been done in the near past. The business strategies that are based on passive adaptation to changes increasingly give way to the innovation-based proactive strategies, which means the implementation of different forms of corporate entrepreneurship. Corporate entrepreneurship has become necessary precondition for sustainable business development. One of the key elements of corporate entrepreneurship model relates to the creation of an adequate organizational culture that includes referent values of entrepreneurial culture as well as motivational factors that support effective implementation of these values in the corporate environment and foster entrepreneurship to grow and flourish.

  3. A Case against Corporal Punishment.

    Science.gov (United States)

    Ellenberg, F. C.; ominy, James Alton

    1978-01-01

    The use of corporal punishment in schools is cited as creating more problems than it solves. Educational and psychological perspectives for the elimination of physical discipline in schools is presented. (JMF)

  4. The Case Against Corporal Punishment

    Science.gov (United States)

    Divoky, Diane

    1973-01-01

    Tells why reformers are out to ban the ancient custom of corporal punishment in the schools. Suggests that school boards should scrutinize their policies on discipline now, before potential storms of controversy break out in their communities. (Author)

  5. Corporal punishment in Tanzania's schools

    Science.gov (United States)

    Feinstein, Sheryl; Mwahombela, Lucas

    2010-10-01

    The purpose of this survey was to acquire descriptive information regarding corporal punishment in Tanzania's O-level secondary schools. 448 individuals participated in the study: 254 teachers and 194 students, all from government or private secondary schools in the Iringa Region of Tanzania. In addition, 14 students and 14 teachers were interviewed. It was found that corporal punishment was the most common form of punishment in secondary schools. The majority of teachers supported its continued use, but believed in moderation. The majority of students and teachers were unaware of national laws to restrict corporal punishment. There was agreement between students and teachers that corporal punishment was used for major and minor student offences such as misbehaviour and tardiness. Students reported disliking the practice and believed it was ineffective and resulted in emotional, as well as physical, distress.

  6. Bridging Corporate and Organizational Communication

    DEFF Research Database (Denmark)

    Christensen, Lars Thøger; Cornelissen, Joep

    2011-01-01

    The theory and practice of corporate communication is usually driven by other disciplinary concerns than the field of organizational communication. However, its particular mind-set focusing on wholeness and consistency in corporate messages increasingly influence the domain of contemporary...... organizational communication as well. We provide a formative and critical review of research on corporate communication as a platform for highlighting crucial intersections with select research traditions in organizational communication to argue for a greater integration between these two areas of research....... Following this review, we relax the assumptions underlying traditional corporate communication research and show how these dimensions interact in organizational and communication analysis, thus, demonstrating the potential for a greater cross-fertilization between the two areas of research. This cross...

  7. Corporate plan 1978

    International Nuclear Information System (INIS)

    The CEGB Corporate Plan is intended as a background document for those in the industry and as a basis for discussions with the Department of Energy on investment programmes and energy policy generally. It contains the most recent information on actions taken or agreed, on remaining problems and an options for further action on these problems. Following an introduction summarising the CEGB's objectives and recent progress the issues are discussed under the following main headings: energy policy background; medium term plans; the year ahead; options, actions and conclusions. Appendices include: three energy scenarios, one a reference case by the Department of Energy, and two CEGB scenarios which identify a credible range of future electricity demands; 1978 capital investment proposals; and medium term forecasts for demand and plant position at winter peak, and for bulk costs and unit sales. The board intends to continue to develop a suitable long term nuclear strategy which includes thermal reactors and the development of the fast reactor as a viable option. (U.K.)

  8. Corporate media versus democracy

    Directory of Open Access Journals (Sweden)

    Robert W. McChesney

    2011-01-01

    Full Text Available

    Nota introdutória de Dênis de Moraes:

    Em 13 de janeiro de 1999, Robert W. McChesney gentilmente me autorizou a publicar, na nossa revista eletrônica Ciberlegenda, o importante artigo a seguir, baseado em questões abordadas em seu livro Corporate media and the threat to democracy (Seven Stories Press, 1997. PhD e professor da School of Journalism and Mass Communication da University of Wisconsin-Madison, nos Estados Unidos, é um dos mais categorizados pesquisadores sobre as mídias globais. Insere-se na tradição intelectual de Noam Chomsky e de Herbert I. Schiller — pensadores que, vivendo no centro hegemônico do world system, se distinguem como críticos das formas de dominação ideológica norte-americanas, particularmente as disseminadas por seus colossais impérios de informação e entretenimento.

  9. Modeling Corporate Epidemiology

    CERN Document Server

    Waber, Benjamin; Cebrian, Manuel; Crane, Riley; Danon, Leon; Pentland, Alex

    2010-01-01

    Corporate responses to illness is currently an ad-hoc, subjective process that has little basis in data on how disease actually spreads at the workplace. Additionally, many studies have shown that productivity is not an individual factor but a social one: in any study on epidemic responses this social factor has to be taken into account. The barrier to addressing this problem has been the lack of data on the interaction and mobility patterns of people in the workplace. We have created a wearable Sociometric Badge that senses interactions between individuals using an infra-red (IR) transceiver and proximity using a radio transmitter. Using the data from the Sociometric Badges, we are able to simulate diseases spreading through face-to-face interactions with realistic epidemiological parameters. In this paper we construct a curve trading off productivity with epidemic potential. We are able to take into account impacts on productivity that arise from social factors, such as interaction diversity and density, wh...

  10. New Issues in Corporate Finance

    OpenAIRE

    Mayer, Colin

    1987-01-01

    Flow of funds data are used to compare methods of financing the corporate sector in five countries over the period 1970-85. Many of the problems associated with previous studies of corporate finance are avoided by defining financing proportions in net terms. The degree of consolidation of accounts, reciprocal arrangements between borrowers and lenders, and compensating deposit requirements on borrowers no longer distort financing patterns when net financing is the focus. Corrections for infla...

  11. Corporate Finance and Financial Institutions

    OpenAIRE

    Mark J. Flannery

    2012-01-01

    Many corporate finance researchers have avoided analyzing financial institutions, perhaps on the grounds that they are “unique” or “different” from other types of firms. This assessment reflects some unusual features of financial firms' liabilities and a set of governmental regulatory restrictions that have become less pervasive in recent years. In fact, corporate finance theory applies equally well to financial firms, although some modifications are required to recognize the effects of gover...

  12. Corporate Fraud, Governance and Auditing

    OpenAIRE

    Marco Pagano; Giovanni Immordino

    2009-01-01

    We analyze corporate fraud in a model in which managers have superior information but are biased against liquidation, because of their private benefits from empire building. This may induce them to misreport information and even bribe auditors when liquidation would be value-increasing. To curb fraud, shareholders optimally choose auditing quality and the performance sensitivity of managerial pay, taking external corporate governance and auditing regulation into account. For given managerial ...

  13. Corporal Punishments and Optimal Incapacitation.

    OpenAIRE

    Kan, Steven S

    1996-01-01

    This article extends Steven Shavell's analysis of optimal incapacitation to corporal punishment. Using the assumption that some crimes may involve an undeterrable organ only, I argue that, for these crimes, imprisonment cannot be optimal because it would indiscriminately incapacitate other productive organs. I further establish that the death sentence and other cruel corporate punishments can be abolished for good if advanced temporary incapacitative sanctions are available. I conclude that a...

  14. Corporate Governance and Audit Activity

    OpenAIRE

    Gheorghe Lepadatu

    2013-01-01

    Transparency of information, indispensable for competitiveness in the market is an efficient operation of corporate governance systems, especially control systems. The issue of governance should be seen as a fundamental pillar of fraud against the pressures to induce frauds, due to lack of transparency of information flow. In all models of corporate governance, external regulation covers a primary role in ensuring effective controls, but it remains the responsibility of the entities to adopt ...

  15. Corporate Accounting Policy Efficiency Improvement

    OpenAIRE

    Elena K. Vorobei; Svetlana G. Sidashova

    2013-01-01

    The article is focused on the issues of efficient use of different methods of tax accounting for the optimization of income tax expenses and their consolidation in corporate accounting policy. The article makes reasoned conclusions, concerning optimal selection of depreciation methods for tax and bookkeeping accounting and their consolidation in corporate accounting policy and consolidation of optimal methods of cost recovery in production, considering business environment. The impact of the ...

  16. Corporate Social Responsibility for Irresponsibility

    OpenAIRE

    2011-01-01

    This paper provides an empirical investigation of the hypothesis that companies engage in corporate social responsibility (CSR) in order to offset corporate social irresponsibility (CSI). We find general support for the causal relationship: when companies do more "harm," they also do more "good." The empirical analysis is based on an extensive 15-year panel dataset that covers nearly 3,000 publicly traded companies. In addition to the overall finding that more CSI results in more CSR, we find...

  17. The Illiquidity of Corporate Bonds

    OpenAIRE

    Bao, Jack; Pan, Jun; Wang, Jiang

    2011-01-01

    This paper examines the illiquidity of corporate bonds and its asset-pricing implications. Using transactions data from 2003 to 2009, we show that the illiquidity in corporate bonds is substantial, significantly greater than what can be explained by bid–ask spreads. We establish a strong link between bond illiquidity and bond prices. In aggregate, changes in market-level illiquidity explain a substantial part of the time variation in yield spreads of high-rated (AAA through A) bonds, overshad...

  18. Corporate Gommunication and Global Markets

    OpenAIRE

    Silvio M. Brondoni

    2006-01-01

    The critical role played by intangible assets in corporate competitive development in global markets, has modified the nature of communication costs, and above all the costs of marketing communication. Globalisation has produced deep changes in the function and role of the system of corporate information flows, which is expressed in the adoption of an integrated communication strategy. The gradual integration of global markets tends to eliminate static contexts and to replace them with dynami...

  19. Corporate Communication and Social Media

    OpenAIRE

    Serup, Liv; Laursen, Stine; Sandgreen, Michael; Trougaard, Victor; Lind, Line; Hansen, Camilla

    2012-01-01

    This project aims to explore the changes social media platforms have generated onto corporate communication. Exploring the notion of dialogue in relation to various dialogic theories, social media theory, and corporate communication will provide an answer to this, as the respective theories and concepts provide different perspectives. The analysis is anchored in a case study of Danske Bank and Call me, since they represent two well-established organizations on Facebook. It is concluded tha...

  20. Shareholder Voting and Corporate Governance

    OpenAIRE

    David Yermack

    2010-01-01

    This article reviews recent research into corporate voting and elections. Regulatory reforms have given shareholders more voting power in the election of directors and in executive compensation issues. Shareholders use voting as a channel of communication with boards of directors, and protest voting can lead to significant changes in corporate governance and strategy. Some investors have embraced innovative empty voting strategies for decoupling voting rights from cash flow rights, enabling t...

  1. Corporate Lobbying and Financial Performance

    OpenAIRE

    Chen, Hui; Parsley, David; Yang, Ya-wen

    2010-01-01

    Corporate lobbying activities are designed to influence legislators and thus to further company goals by encouraging favorable policies and/or outcomes. Using data made available by the Lobbying Disclosure Act of 1995, this study examines corporate lobbying activities from a financial perspective. We find that on average, lobbying is positively related to accounting and market measures of financial performance. These results are robust across a number of empirical specifications and continue ...

  2. In defence of corporate responsibility

    OpenAIRE

    Marsden, Chris

    2005-01-01

    "Das Konzept der Corporate Social Responsibility (CSR) ist mit zwei ernstzunehmenden Kritiken konfrontiert, die aus zwei entgegengesetzten Richtungen des politischen Spektrums erhoben werden. Beide gehen vom eigentlichen Kern des Unternehmenszwecks und der Frage aus, für was Unternehmungen, insbesondere Großunternehmungen, verantwortlich sein sollten. Joel Bakan repräsentiert die politische Linke. In seinem Buch und dem darauf basierenden Dokumentarfilm 'The Corporation' macht er geltend, es ...

  3. Corporate Social Responsibility for Sustainability

    OpenAIRE

    Wojciech Przychodzeń; Justyna Przychodzeń

    2014-01-01

    Purpose: The purpose of this paper is to is to provide insights on implementing corporate social responsibility for sustainability (CSRS) concept and show how it differs from basic corporate social responsibility (CSR). Methodology: The paper discusses major issues with references to existing literature and real business cases from S&P500 consumer discretionary sector. Findings: The main fi nding of this paper is that CSRS could provide the company with a competitive advantage as a grow...

  4. Individual and Corporate Social Responsibility

    OpenAIRE

    Bénabou, Roland; Tirole, Jean

    2010-01-01

    Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the 'psychology and economics' of prosocial behavior to shed light on this trend, which reflects a complex interplay of genuine altruism, social or self image concerns, and material incentives. We then link individual concerns to corporate social responsibility, contrasting three possibl...

  5. Corporate Social Responsibility - Consumers' perspective

    OpenAIRE

    Mittal, Rahul

    2008-01-01

    As organizations scale up and stakeholders become increasingly aware of business scenarios, the term corporate social responsibility is more than just a buzzword in business circles. Indeed, to its many advocates, the emergence of corporate social responsibility (CSR) is not only a blueprint for the future, but a new highway to follow for conducting business in an uncertain world that has witnessed the evisceration of many long-accepted norms of conduct (Internal Auditor, 2005). Consider...

  6. Marketing strategy in corporate context

    OpenAIRE

    Foxall, Gordon R.; Driver, John C.

    1986-01-01

    There is a growing body of thought - reflected in a burgeoning literature - which champions the benefits of 'strategic marketing' as a means of corporate salavation. This article seks to put marketing into its correct corporate context - not as the ultimate locus of strategic planning and action, but as a managerical function concerned with the implementation of a philosophy of creating profitable customer satisfaction. The article argues that currently-fashionable excesses among those who ap...

  7. Corporate Governance Country Assessment : Thailand

    OpenAIRE

    World Bank

    2013-01-01

    Since 1998, significant corporate governance reforms have been introduced and are underway, including reforms in the structure and function of the board of directors of listed companies, the establishment of the Thai Institute of Directors Association and the Department of Special Investigation, the adoption by the Stock Exchange of Thailand (SET) of 15 principles of good corporate governance, and draft legislation to reinforce the rights of minority shareholders. In addition, the Securities ...

  8. Corporate Training in Virtual Worlds

    Directory of Open Access Journals (Sweden)

    Charles Nebolsky

    2004-12-01

    Full Text Available This paper presents virtual training worlds that are relatively low-cost distributed collaborative learning environments suitable for corporate training. A virtual training world allows a facilitator, experts and trainees communicating and acting in the virtual environment for practicing skills during collaborative problem solving. Using these environments is beneficial to both trainees and corporations. Two system prototypes – the sales training and the leadership training virtual worlds – are described. The leadership training course design is discussed in details.

  9. LEADERSHIP AND CORPORATE SOCIAL RESPONSIBILITY

    OpenAIRE

    Andreea Simona SÃSEANU; Cristian-Silviu BANACU; Cristina PANA

    2011-01-01

    Corporate Social Responsibility is a concept that refers to the debt that companies (such as social actors) have to all parties involved in the conduct of their alleged economic activity. The concept refers to all categories of companies, from micro enterprises to multinationals. Debt companies' corporate social responsibility refers to the fact that the company must act with the consequences, positive or negative, on their activities on society, the company having a duty to minimize negative...

  10. Corporate governance in transition countries

    OpenAIRE

    Anton Marcinèin

    2000-01-01

    The author examines theoretical issues of the relationship between investor (owner) and manager, and cites empirical literature that supports the importance of corporate governance to transition countries. In summary, owners need managers for specific human capital and managers need owners for funds?the corporate governance system enables owners to secure returns on investment; if the system is faulty, firms will lack capital. Ownership matters because owners hold residual rights to property....

  11. Corporate Governance and Credit Institutions

    OpenAIRE

    Birgit Sauerzopf

    2008-01-01

    This article examines the concept of corporate governance and provides an overview of the current state of legislation at the European and Austrian level, highlighting the crucial importance of transparency and disclosure requirements as components of corporate governance. A comparison of legal bases in Austria and the EU reveals that Austria’s national implementation of the Banking Directive and its financial market reform in 2007 brought about significant advances in this area for Austrian ...

  12. Corporate governance of the environment.

    OpenAIRE

    Purvis, B.

    2005-01-01

    The global pursuit of a more sustainable future cannot be achieved without the active engagement of the business community. The challenge for business has been to strategically engage with and embed environmental responsibility within their wider corporate governance to create effective corporate governance of the environment. The assumption would appear to be, that we have already witnessed the construction of such governance, delivered through the attainment of a paradigmatic shift in corpo...

  13. Corporate governance structure and mergers

    OpenAIRE

    Elijah Brewer, III; William E. Jackson, III; Julapa Jagtiani

    2010-01-01

    Few transactions have the potential to generate revelations about the market value of corporate assets and liabilities as mergers and acquisitions (M&A). Corporate governance and control mechanisms such as independent directors, independent blockholders, and managerial share ownership are usually important predictors of the size and distribution of the incremental wealth generated by M&A transactions. The authors add to this literature by investigating these relationships using a sample of ba...

  14. Corporate Training in Virtual Worlds

    OpenAIRE

    Charles Nebolsky; Nicholas K. Yee; Valery A. Petrushin; Anatole V. Gershman

    2004-01-01

    This paper presents virtual training worlds that are relatively low-cost distributed collaborative learning environments suitable for corporate training. A virtual training world allows a facilitator, experts and trainees communicating and acting in the virtual environment for practicing skills during collaborative problem solving. Using these environments is beneficial to both trainees and corporations. Two system prototypes – the sales training and the leadership training virtual worl...

  15. Corporate Governance and Private Equity

    OpenAIRE

    Pindroch, Michal

    2013-01-01

    The thesis aspires to address two fundamental aims, one of which is to undertake a systematic review of the existing literature and empirical evidence on corporate governance issues relevant for leveraged buyout investing (LBO); while the second aim is to develop, currently missing, evidence regarding the pre- and post- buyout corporate governance, including its role for buyout investing, in the Czech portfolio companies acquired via LBO by private equity firms. The first aim of the thesis is...

  16. The determinants of corporate growth

    OpenAIRE

    Rosique, Francisco

    2010-01-01

    Corporate Growth is a concept that has been widely treated in a specific way or as part of strategy theories, in definition and in econometric models and has also been studied in many different aspects and approaches. The author describes in depth the main variables affecting corporate growth and the underlying business processes. This empirical research has focused on Sales, Profit-Cash Flow, Risk, Created Shareholder Value, Market Value and Overall Performance econometric models. ...

  17. Tax Management and Corporate Governance

    OpenAIRE

    Přidal, Martin

    2010-01-01

    Recent accounting scandals and current global financial crisis have brought new demands on the whole corporate world. The call for better corporate governance is strengthening in all business areas including tax. Tax non -- compliance brings substantial risks for both tax payers and tax revenue authorities. The way how companies manage their tax risks can significantly influence their overall financial performance and reputation. The paper deals with issues of tax non -- compliance as a lack ...

  18. Performance improvement in multinational corporations

    OpenAIRE

    Liu, Yang

    2015-01-01

    The aim of this thesis work is to develop a performance improvement model template which supports multinational corporations in their daily operations. This has been achieved through literature review and four case studies. With analysis and synthesis, a complete performance improvement model template is carried out based on balanced score card which can be considered as an instruction or reference for improvement work in multinational corporations. After experienced the transformation from i...

  19. Corporate Governance and Accounting Scandals

    OpenAIRE

    Agrawal, Anup; Chadha, Sahiba

    2005-01-01

    This paper empirically examines whether certain corporate governance mechanisms are related to the probability of a company restating its earnings. We examine a sample of 159 U.S. public companies that restated earnings and an industry-size matched sample of control firms. We have assembled a novel, hand-collected data set that measures the corporate governance characteristics of these 318 firms. We find that several key governance characteristics are unrelated to the probability of a company...

  20. Corporate Ownership Around the World

    OpenAIRE

    Rafael La Porta; Florencio Lopez-de-Silane; Andrei Shleifer

    1998-01-01

    We present data on ownership structures of large corporations in 27 wealthy economies, making an effort to identify ultimate controlling shareholders of these firms. We find that, except in economies with very good shareholder protection, relatively few of these firms are widely-held, in contrast to the Berle and Means image of ownership of the modern corporation. Rather, these firms are typically controlled by families or the State. Equity control by financial institutions or other widely-he...

  1. Financial Constraints on Corporate Goodness

    OpenAIRE

    Harrison Hong; Kubik, Jeffrey D.; Jose A. Scheinkman

    2012-01-01

    An influential thesis, dubbed "Doing well by doing good," argues that corporate social responsibility is profitable. But heterogeneity in firm financial constraints can induce a spurious correlation between profits and goodness even if the motives for goodness are non-profit in nature. We use two identification strategies to show that financial constraints are indeed an important driver of corporate goodness. First, during the Internet bubble, previously constrained firms experienced a tempor...

  2. Aspetti teorici della Corporate Governance

    OpenAIRE

    Marco Zanobio

    2012-01-01

    This paper analyzes the theoretical approach to the corporate governance, in relation to the different capitalism model. Before, in the paper, there is a survey of different principal definitions of corporate governance. Than, it investigates the different purposes of the Agency Theory, Stewardship Theory and Stakeholder Theory. It discusses the relationship between shareholders and managers and it also considers the rule of board and the item of controls. In the Annex, there’s an analysis of...

  3. TRENDS IN CORPORATE GOVERNANCE REPORTING

    OpenAIRE

    Diana Maria Tinjala; Lavinia Mirela Pantea; Alexandru Buglea

    2014-01-01

    The debate concerning sustainability has been present in economic literature for the last decades. However, the concept remains ambiguous for both specialists and the general public. For the last years, corporate sustainability reporting has evolved, but it has yet to use a homogenous approach, therefore making it difficult for stakeholders to use the information being reported. This study focuses on the evolution of corporate sustainability reporting on governance issues, with particular ...

  4. Determinants of Corporate Philanthropy in Pakistan

    Directory of Open Access Journals (Sweden)

    Muhammad Abdul Majid Makki

    2008-09-01

    Full Text Available The importance of corporate philanthropy and its related philosophy of corporate social responsibility have captured the attention of researchers and humanitarian groups in WTO era. Corporate donations have been considered as a critical tool to improve corporate image in a highly competitive environment. This paper explores the determinants of corporate donations based on LSE-25 index companies over the five year period 2002-06. Multiple regression techniques have been used for gauging the determinants of corporate philanthropy after collecting data from audited financial reports of companies. The study is a pioneering attempt in measuring the determinants of philanthropy in corporate sector of Pakistan.

  5. Water Stewardship and Corporate Sustainability

    Directory of Open Access Journals (Sweden)

    Peter JONES

    2014-12-01

    Full Text Available The aim of this paper is to provide an exploratory review of the extent to which some of the world’s leading companies are publicly addressing water stewardship as part of their corporate sustainability strategies. The paper begins with an outline of the growing importance of corporate sustainability and water stewardship. The paper draws its empirical material from the most recent information on sustainability posted on the top twelve ‘Consumer Superbrands’ corporate websites. The findings reveal that a majority of the selected companies address a number of elements concerning water stewardship as part of their more general approach to corporate sustainability. However corporate commitments to water stewardship can be interpreted as being driven as much by business imperatives as by any concerns for environmental sustainability or a desire to maintain the viability and integrity of natural ecosystems. More critically the authors suggest that the selected companies’ commitments to water stewardship are framed within existing business models focused on technological improvements in eco-efficiency and continuing economic growth. The paper provides an accessible review of the water stewardship issues being pursued by some of the world’s leading companies and as such it will interest academics, students, political commentators and business managers interested in water stewardship and corporate sustainability.

  6. Corporate E-learning Strategy

    Directory of Open Access Journals (Sweden)

    Sergey Sitnikov

    2010-11-01

    Full Text Available Not the least factor, when launching the corporate training, is strategy determination. On the one hand, an educational institution has to follow the market and be able to satisfy the demands of corporate clients and companies. It is a so called market adaptation. However, this approach implies a number of shortcomings. An excessive interest in market adaptation may lead to lop-sided development of training process: the educational institution turns into the mirror reflecting the corporation opinion and moulds its vision of the future only due to demands of the corporation. In contrast to that, there is an approach when the educational institution searches appropriate development directions independently, thereby taking the lead over corporations’ demands and competitors. Such educational institution tends to excel in changes, which happen in the market, and to make the strategy satisfy future interests and demands of the corporation. Traditional training is grounded on the disciplinary approach to training. However, today business faces complex problems which solution can be found at the joints of disciplines and activities. Companies need multidisciplinary approaches to training. It is very important to keep the balance between conditional training with the disciplinary approach and training in partnership for multidisciplinary programs. This paper describes the example of corporate e-learning course for managers and top managers from a major telecommunication company. Each module is dedicated to a concrete interdisciplinary topic developed by a group of several teachers. Practical part of the module consists of concrete problems, which employees have to solve while training.

  7. The corporate image concept: a strategic approach.

    OpenAIRE

    Vos, M.F.

    1992-01-01

    Following a clarification of the concept of corporate image using the available literature as a basis, the process of image-formation and the nature of the influence of corporate image on behaviour are explored. The relationship with corporate identity is then discussed. This exploration leads us to considerations on corporate image policy and recommendations relating to methods of measurement.The core of the publication consists of the Corporate Image Concept, developed to provide a framewor...

  8. KNOWLEDGE AND MODELS OF CORPORATE GOVERNANCE

    OpenAIRE

    Flavia Anghel; Bogdan Glăvan

    2008-01-01

    The issue of corporate governance has been largely debated in the literature. Conventionally, corporate governance is viewed either from a stakeholder or a shareholder perspective. This paper discusses the informational aspects of the two models of corporate governance. The role information plays in corporate governance cannot be overstated. Agents involved in corporate governance acquire, create, use and transmit information. Therefore, how the notion of knowledge is conceived is important f...

  9. Corporate Governance in Publicly Traded Canadian Companies

    OpenAIRE

    Hu, Jie; Wang, Chong

    2011-01-01

    We investigate the effectiveness of corporate governance practices in this paper, focusing on the corporate governance practices implemented by TSX listed companies in Canada. We analyze the determinants of the effectiveness of corporate governance practices and test whether corporate governance mechanisms relate to quality of accounting earnings and company performance. We obtain mixed results from regression analyses indicating that corporate governance mechanisms are not significantly rela...

  10. Corporate Finance and Human Resource Management

    OpenAIRE

    Masahiro Abe; Takeo Hoshi

    2004-01-01

    Corporate governance can be defined to be an institution that constrains relations between corporate managers and various stakeholders, including shareholders, creditors, workers, suppliers, and customers. Under this broad definition, corporate governance is a system of various sub-systems that are complementary to one another. This paper focuses on two sub-systems of the Japanese corporate governance: one on corporate finance and another on human resource management. After briefly documentin...

  11. Ouverture de 'Corporate Culture and Market Complexity'

    OpenAIRE

    Silvio M. Brondoni

    2002-01-01

    The critical role of corporate culture is particularly evident today in large corporations. In complex organizations oriented toward overcoming physical competition (market-space management), corporate culture thus assumes a central role in the governing of internal, external and co-makership relationships. Corporate culture is an expression of corporate personality. It permeates all aspects of organizational life in relationships with the external environment (customers, intermediaries and c...

  12. CORPORATE GOVERNANCE IN VARIOUS TRANSITION ECONOMIES

    OpenAIRE

    DIBRA, Rezart

    2013-01-01

    Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs (from Wikipedia, the free encyclopedia). Corporate governance issues are espec...

  13. Corporate Self-Financing and Growth

    OpenAIRE

    Ricardo Bebczuk; Lorena Garegnani

    2006-01-01

    This paper analyzes the advantages and disadvantages of corporate self-financing from de perspective of corporative finance in order to evaluate its macroeconomic consequences. Specifically, a corporate self-financing coefficient is calculated for a group of 15 countries of OECD during the period 1970-2003. Using recent panel data methods, this paper studies the long-run effect of the corporate self-financing coefficient on the corporate investment, the total factor productivity and the outpu...

  14. Governance and the corporate life-cycle

    OpenAIRE

    Thomas O'Connor; Julie Byrne

    2015-01-01

    Purpose –The purpose of this paper is to examine whether corporate governance changes along the corporate life-cycle. Design/methodology/approach -In a sample of 205 firms from 21 emerging market countries and using a life-cycle proxy from the dividends literature, the authors use a governance-prediction model which examines whether corporate governance differs along the corporate life-cycle. Findings -Mature firms tend to practice better overall corporate governance. Discipline and independe...

  15. Towards a Constitutional Theory of Corporate Governance

    OpenAIRE

    Matthias Benz; Frey, Bruno S.

    2006-01-01

    The idea that there is a uniformly �optimal� governance structure for corporations features prominently in current debates and policy proposals. In this paper, we propose a different, constitutional theory of corporate governance: the criterion for a good corporate governance structure is whether it is freely chosen by the shareholders. We illustrate our approach by comparing the constitutional rights of shareholders under US corporate law and Swiss corporate law. Moreover, we discuss the...

  16. Corporate plan 1997

    International Nuclear Information System (INIS)

    We define PPARC's primary long-term objective at the corporate level as being to maintain the UK as a world player in particle physics, astronomy and planetary science, which British scientists helped to pioneer and are enjoying a rich period of discovery. As a significant bonus, an international reputation for excellence in advanced science and technology enhances the perception of Britain in the world. Secondly, we set the broad corporate objective of maximising the national benefits of all our programmes in terms of their contribution to the country's skilled workforce, the industrial and commercial uses of our advanced technology, and the enhanced interest in science and technology which the fundamental nature of our research inspires in the public, particularly young people. Thirdly, we set the overarching objective of getting the best value for money from our programmes, by exposing every element to competition against the highest standards of quality. Experience shows the benefit of competition to increasing cost-effectiveness, and we shall continue to apply this to all parts of the programme, particularly the operation and maintenance of facilities and support services. As a framework for developing our programme aims and strategies, within these wider objectives, we describe PPARC's mission in five parts (although in practice they are interactive and mutually supportive, and programme strategy is developed across the whole of PPARC's activities). (i) Research: We will fund only the highest quality research within the fields of particle physics, astronomy and planetary science. All proposals for funding will be assessed within areas of identified and qualified scientific priority, against the most demanding international standards. An optimal balance will be sought between, on the one hand, our commitment to fund major international collaborations (CERN and ESA) and, on the other hand, our ability to fund a domestic programme to exploit those collaborations

  17. SERC corporate plan 1993

    International Nuclear Information System (INIS)

    In its last Corporate Plan, the Science and Engineering Research Council (SERC) planned wide-ranging policy and programme reviews. These have been carried out and the results set the context for this plan. In addition, the SERC is responding to major changes in the higher education sector and a difficult financial climate. The Plan has been prepared before the Government's proposed White Paper on science and technology is available but is consistent with the SERC's advice on the White Paper. The SERC's ''mission statement'' recognises its dual role of strengthening the United Kingdom's capabilities in fundamental research and of developing capabilities in strategic research related to industrial and social need. Six strategic aims are identified: the funding of a portfolio of excellent research which contributes both to advancement of knowledge, and economic and social advance, the support of the training of scientists and engineers, the improvement of knowledge transfer within the ''science and engineering base'' and between this base and industry, the promotion of effective international collaboration, increasing the public awareness of research in science and engineering and improving the economy, efficiency and effectiveness of all of the SERC's operations. Within its programme expenditure, the SERC will examine whether funding should be extended to a wider range of bodies; develop new, more efficient, ways of funding higher education institutes (HEI) research; increase emphasis on output measures of research; specify service standards; and market-test scientific support activities. The SERC will make gains of at least 1.5% a year in efficiency of administration, through measures including market testing, and will extend management accounting systems. (Author)

  18. Corporate Ownership, Corporate Control and Corporate Performance in Sub-Saharan African: Evidence from Nigeria

    OpenAIRE

    Ioraver N. Tsegba; Wilson E. Herbert; Emeka E. Ene

    2014-01-01

    This paper investigates the relation between corporate ownership and corporate performance of listed companies in Nigeria, a foremost Sub-Saharan African country during the period 2002-2007. The data is obtained from the firms’ annual reports and accounts and the Nigerian Stock Exchange daily performance reports. The combination of 70 firms and six-year period studied provides a balanced panel with 420 observations for panel data analysis. The results from the ordinary least square (OLS) regr...

  19. An integrated Approach for Corporate Social Responsibility and Corporate Sustainability

    Directory of Open Access Journals (Sweden)

    Harshakumari Sarvaiya

    2014-08-01

    Full Text Available Balance of power has shifted between the state, society and corporations, which gave birth to the concepts like corporate social responsibility (CSR and corporate sustainability (CS. Due to the common grounds of CSR and CS, confusion has been created among academics as well as practitioners. This study seeks to identify the relationship between CSR and CS by providing a framework in order to get a better understanding of them. In addition to reviewing the extant literature, we provided empirical support through interviews of CSR or sustainability managers of large New Zealand companies. The key findings of this research revealed that when CSR and CS applications were based on systematic and full fledge focus, there was almost similar kind of initiatives and practices in NZ corporations. To develop an approach to integrating CSR and CS, we support the term, Corporate Sustainability and Responsibility (CS-R. We believe that CS-R help define and clarify the relationship between business and society without denying the great success that CSR has achieved in the academic research, management consulting and media.

  20. Using corporate stories to build the corporate brand:an impression management perspective

    OpenAIRE

    Spear, Sara; Roper, Stuart

    2013-01-01

    Purpose – A recent area of academic interest within corporate branding and reputation is the use of storytelling in order to differentiate the corporate brand, however there is little empirical research exploring the contents of corporate stories, and how they are used by organisations to build the corporate brand. This paper aims to utilise impression management theory to bring insight into the potential role of corporate stories in shaping the corporate brand. Design/methodology/approach – ...

  1. Corporate Governance and Corporate Social Responsibility in Bangladesh with special reference to Commercial Banks

    OpenAIRE

    Victoria Wise; Muhammad Mahboob Ali

    2009-01-01

    This is an exploratory paper with the aim of determining the nature and extent of corporate social responsibility reporting in the banking sector in Bangladesh, and to assess the need to improve corporate social responsibility by such firms. Corporate social responsibility is associated with corporate governance and ethical business procedure. Good corporate governance is expected to underpin effective and efficient corporate social responsibility within firms. We observe, from our content an...

  2. Corporate Knowledge Management: Interdisciplinary Approach

    Directory of Open Access Journals (Sweden)

    Andrei Kapterev

    2012-06-01

    Full Text Available Governing the professional and intellectual potential – interdisciplinary field of scientific research and a systematic process of creating, using and developing the innovation technologies of transforming the individual knowledge and specialists’ experience in such a way that would apply the knowledge and experience to the processes, services and products offered by an organization to reach its strategic goals. From the technological standpoint, governing the professional and intellectual potential represents modeling, forming, using and developing the corporate system of governing the professional and intellectual potential, including: (a corporate model of external environment and internal business processes; (b corporate information system; (c corporate knowledge management system (KMS; and (d corporate learning management system (LMS. Author considers structuring knowledge using this model rather valuable during the stage of forming the governance system of the professional and intellectual potential. Understanding, i.e., explicit definition of these factors, would allow for constant observation of the behavioral trends and for organizing the activity in a way conducive for influencing the favorable change of these factors. In addition, the presence of the critical management factor (CMF system enables one to check the significance of any activity (i.e., any processes within a company against these factors.

  3. Value-based management and corporate governance: A study of Serbian corporations

    Directory of Open Access Journals (Sweden)

    Stančić Predrag

    2012-01-01

    Full Text Available The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and performance measures in the context of value-based management. Then, through the multiple case study, we investigate the attitude of seven Serbian corporations toward defining the general corporate objective, corporate governance, and performance measurement. Finally, we point out the factors and preconditions that determine corporate culture, objective definition, and performance measures used by Serbian corporations.

  4. Institutional Evolution and Corporate Boards

    DEFF Research Database (Denmark)

    Chen, Victor Zitian; Hobdari, Bersant; Sun, Pei;

    2014-01-01

    We argue that corporate boards are a dynamic repository of human- and social capital in response to external institutional evolution. Theoretically, integrating institutional economics, agency theory and resource dependence theory, we explain that evolution of market-, legal- and political...... particular contexts entail the external competitive environment and the principal-agency relationship in corporate governance, amplify (or weaken) the need for certain type of board roles, and ultimately require corporations to reconfigure the human- and social capital embedded within the board. Additionally......, since the board changes are typically proposed by the block shareholders, whose motivation for doing so is closely associated with a corporation’s financial performance, we further argue that financial performance is a key moderator of the relationships between institutional evolution and changes in...

  5. Corporate Governance: A Keynote Speech

    DEFF Research Database (Denmark)

    Balling, Morten

    1998-01-01

    In the article, the author gives an overview of the many different aspects of corporate governance to discuss at a conference in Budapest in May 1997 arranged by Société Universitaire Européenne de Recherches Financières (SUERF). Among the subjects dealt with are the relationsship between the...... cases of privatization in Western Europe. Almost everywhere, the role of institutional shareholders is increasing. The internationalization proces implies that also the role of the governance systems changes the incentives for corporate managers to demonstrate good financial performance, and there seems...

  6. Innovation and International Corporate Growth

    CERN Document Server

    Gerybadze, Alexander; Reiners, Hans W; Thomaschewski, Dieter

    2010-01-01

    Research and development (R&D) as well as innovation are the drivers of change and the key determinants of growth in many industry and service sectors. In spite of the financial turmoil and restructuring of the world economy after 2008, investment in R&D is expected to grow further. Innovation competence will continue to be a major success factor for internationally operating companies. The book presents a state-of-the-art account of innovation management and the role of R&D and innovation strategy for corporate growth and renewal. It follows a top-down approach starting from corporate strateg

  7. INDIVIDUAL VERSUS CORPORATE SOCIAL RESPONSIBILITY

    OpenAIRE

    Radu Cristian Muşetescu

    2012-01-01

    We explore the basic elements that lay at the foundation of the concept of “corporate social responsibility”. We argue that the debate on the “social responsibility” of artificial or legal (that is, non-natural) persons is a result of the logical error of conceptual realism. Its fault is to extrapolate the rights and obligations of human individuals to corporations that are nothing but social and contractual arrangements between individuals. Such an error has been nurtured by other types of r...

  8. Estimating Structural Models of Corporate Bond Prices in Indonesian Corporations

    Directory of Open Access Journals (Sweden)

    Lenny Suardi

    2010-07-01

    Full Text Available This paper applies the maximum likelihood (ML approaches to implementing the structural model of corporate bond, as suggested by Li and Wong (2008, in Indonesian corporations. Two structural models, extended Merton and Longstaff & Schwartz (LS models, are used in determining these prices, yields, yield spreads and probabilities of default. ML estimation is used to determine the volatility of firm value. Since firm value is unobserved variable, Duan (1994 suggested that the first step of ML estimation is to derive the likelihood function for equity as the option on the firm value. The second step is to ind parameters such as the drift and volatility of firm value, that maximizing this function. The firm value itself is extracted by equating the pricing formula to the observed equity prices. Equity, total liabilities, bond prices data and the firm's parameters (firm value, volatility of firm value, and default barrier are substituted to extended Merton and LS bond pricing formula in order to valuate the corporate bond.These models are implemented to a sample of 24 bond prices in Indonesian corporation during period of 2001-2005, based on criteria of Eom, Helwege and Huang (2004. The equity and bond prices data were obtained from Indonesia Stock Exchange for firms that issued equity and provided regular financial statement within this period. The result shows that both models, in average, underestimate the bond prices and overestimate the yields and yield spread.

  9. Fungibility and complementarity between corporate governance and corporate social responsibility: the agency theoretical approach to corporate social responsibility

    OpenAIRE

    菊沢, 研宗; 橋本, 倫明

    2011-01-01

    In Japan, corporate governance problems and social responsibility problems have emerged after the bubble economy collapsed in the 1990s. Since then, many Japanese companies have been interested in corporate social responsibility (CSR) as well as corporate governance. However, what relationship is there between corporate governance and CSR activity? How much should companies expend their resources to the activity? Still nobody give definitive answers to the problems. In order to explain the Ja...

  10. A new model of corporate DNA

    Institute of Scientific and Technical Information of China (English)

    Li Xianbai

    2007-01-01

    This paper has researched on six kinds of the corporate DNA models,which have set up and analyzed its limitations,regarded the corporation as a vital organism,and put forward the judging standard for corporate DNA by analogism.According to the standard,the components of the corporate DNA are judged and a new model has been established.The corporate DNA is composed of four DNA chains,which overlap and intercross in the model.Based on the new model,the concept of the corporate central dogma is put forward.The element and information transmission way of corporate information are discussed in the corporate central dogma.

  11. Corporate citizenship : Cultural antecedents and business benefits

    NARCIS (Netherlands)

    Maignan, [No Value; Ferrell, OC; Hult, GTM

    1999-01-01

    The article explores the nature of corporate citizenship and its relevance for marketing practitioners and academic researchers. Specifically, a conceptualization and operationalization of corporate citizenship are first proposed. Then, an empirical investigation conducted in two independent samples

  12. Innovation and Institutional Embeddedness of Multinational Corporations

    DEFF Research Database (Denmark)

    Pogrebnyakov, Nicolai

    2014-01-01

    Review of: Innovation and Institutional Embeddedness of Multinational Corporations / edited by Martin Heidenreich. (Cheltenham: Edward Elgar, 2012)......Review of: Innovation and Institutional Embeddedness of Multinational Corporations / edited by Martin Heidenreich. (Cheltenham: Edward Elgar, 2012)...

  13. Corporate Social Responsibility-Public Sensitivity

    OpenAIRE

    Srinivasa Krishna K.; Kumar P.S.S.

    2010-01-01

    Corporate social responsibility is must to protect the public. It should not be burden but it should the way of life for corporate. Everyone gets benefited by profits of organization and part of the profit should go back to society.

  14. Measuring Corporate Readiness To Implement Distance Education.

    Science.gov (United States)

    Slick, Joan Friton

    2001-01-01

    Examines distance education issues for corporations and offers a measurement tool to assess corporate readiness for distance education. Topics include costs; competitive advantages; customized training; effectiveness; organizational support; instructional design; managerial support; and learner attitudes. (Author/LRW)

  15. Individual competencies for managers engaged in corporate sustainable management practices

    NARCIS (Netherlands)

    Wesselink, R.; Blok, V.; Leur, van S.; Lans, T.; Dentoni, D.

    2015-01-01

    Corporations increasingly acknowledge the importance of sustainable practices. Corporate social responsibility is therefore gaining significance in the business world. Since solving corporate social responsibility issues is not a routine job, every challenge in corporate social responsibility requir

  16. How Can We Measure the Corporate Governance ?

    OpenAIRE

    SARCHIZIAN Sergiu

    2010-01-01

    Corporate Governance Scores represents Standard & Poor's approach to analyzing corporate governance both at a country and at a company level. The Country Governance Classification reflect the degree to which the macro legal, regulatory, informational and market environments provide a supportive infrastructure for effective corporate governance. The company Corporate Governance Score provides an assessment of how a company's governance process serves the interests of stakeholders. The Governac...

  17. European corporate bond liquidity and yield spreads

    OpenAIRE

    Pukka, Juhamatti

    2010-01-01

    PURPOSE OF THE STUDY The purpose of this study is to provide new empirical evidence on European corporate bond liquidity determinants and the liquidity effect on yield spreads. European corporate bond market is mostly ignored in corporate bond liquidity literature and this thesis’ purpose is to contribute to literature by being among the first papers to estimate liquidity determinants with comprehensive European corporate bond data, covering both investment grade and speculative grade rati...

  18. Factors influencing corporate governance in Ukrainian companies

    OpenAIRE

    Afanasieva, Larysa

    2013-01-01

    The factors influencing corporate governance in Ukraine have been identified. As a result of the conducted analysis and case studies the essence of each have been revealed. The specificity of Ukrainian corporate governance system have been described. The importance of corporate collaboration within different authority levels have been underlined and the necessity of Ukrainian companies’ adaptation to internationally unified rules, principles and standards of corporate governance have been ...

  19. Corporate social responsibility and financial markets

    OpenAIRE

    Dam, Lammertjan

    2008-01-01

    This thesis examines the economics of corporate social responsibility, with an emphasis on the role of financial markets and institutions. Questions that are raised are: What does corporate social responsibility mean in an economic context? What is the impact of corporate social responsibility on the financial performance of a company? What kind of role can a stock market play in trying to achieve sustainable development? What is the relation between corporate social responsibility, economic ...

  20. Corporate Governance for Employee’s Welfare

    OpenAIRE

    Martono Anggusti; Bismar Nasution; Mahmul Siregar; Suhaidi -; Tan Kamello; Benny Tabalujan; Hikmahanto Juwana

    2015-01-01

    The debate about Corporate Social Responsibility (CSR) to stakeholders is a fairly lengthy debate in the repertoire of the development of company law. At least there are two fundamentally different views to interpret the corporate social responsibility.The views, Firstly, cling to the belief that the concept of corporate social responsibility is counterproductive in the business world. According to Milton Friedman, a corporation are naturally only have a goal to generate economic objectives f...

  1. Lessons from Fiascos in Russian Corporate Governance

    OpenAIRE

    Heller, Michael A.; Fox, Merritt B.

    1999-01-01

    "Bad corporate governance" is often invoked to explain poor enterprise performance, but the catch phrase is never precisely defined - neither its consequences for the real economy, nor its causes in particular countries has been adequately explained. This paper uses Russian enterprise examples to address these open questions in corporate governance theory. We define corporate governance by looking to the economic functions of the firm rather than to any particular set of national corporate la...

  2. Corporate strategies – the institutional approach

    OpenAIRE

    Waśniewski, Krzysztof

    2010-01-01

    The present paper introduces a model of corporate strategies, based on institutional theories of the firm and formalized with the concepts of the theory of games. Corporate strategies are balanced outcomes of four social games: capital market, corporate governance, product market and social responsibility. Two empirical applications of the model are then introduced: a qualitative one, consisting in comparative study of strategies deployed by Royal Dutch Shell and Israel Corporation, then a qu...

  3. Share Valuation and Corporate Equity Policy

    OpenAIRE

    Auerbach, Alan J.

    1980-01-01

    In recent years many contributions have appeared which examine the effects of corporate and personal taxation on firm financial policy. However, there has yet to appear an adequate explanation of why corporations continue to distribute dividends despite their disadvantageous tax treatment. We study this problem anew, in the context of an overlapping generations growth model with corporations financed by equity. Among our findings are: (1) capital owned by corporations may well be undervalued,...

  4. Communicating Corporate Social Responsibility – Brand management

    OpenAIRE

    Mark-Herbert, Cecilia; von Schantz, Carolina

    2007-01-01

    Corporate action is subject to more scrutiny than ever. An attempt to legitimize the corporate role is seen in corporate social responsibility as a part of a triple bottom line framework. Corporate principles are communicated in various forms to a wide set of stakeholders. Ideally, what is communicated in terms of principles is also seen in business practice. In cases where the principles and actions differ, the platform for creating a brand territory is limited. The communication platf...

  5. CREDITOR PROTECTION WITHIN CORPORATE GROUP INSOLVENCY

    OpenAIRE

    Hesty Diyah Lestari

    2013-01-01

    Creditors of corporations in corporate groups are in a vulnerable position when the corporations become insolvent. The application of separate entity and limited liability principles makes the liability of the parent company for the debts of its subsidiary is limited to the amount of its shareholding in the subsidiary, even though in the commercial reality corporate groups are design for the interests of the group as a whole. The existing law in Indonesia has not provided adequate safeguards ...

  6. Implementation of corporate governance principles in Romania

    OpenAIRE

    Ramona Iulia (Dieaconescu) Țarțavulea

    2014-01-01

    The paper aims to conduct a study regarding the manner in which corporate governance principles are applied in Romania, in both public and private sector. In the first part of the paper, the corporate governance principles are presented as they are defined in Romania, in comparison with the main international sources of interest in the domain (OECD corporate governance principles, UE legal framework). The corporate governance (CG) principles refer to issues regarding board composition, tra...

  7. Corporate Governance After 20 Years In Slovenia

    OpenAIRE

    Djokić, Danila

    2013-01-01

    The implementation of corporate governance in the Republic of Slovenia is particularly important due to the transformation of the equity ownership company system and, consequently, corporate governance, which has been evolving since Slovenia's independence 20 years ago. The implementation of EU directives and regulations brings about positive legal effects in corporate governance following 2004. Positive assessments are provided of the development of Slovenian codes of corporate governance. H...

  8. Corporate governance in newly listed companies

    OpenAIRE

    David B. Audretsch; Lehmann, Erik E.

    2013-01-01

    Topics in corporate governance have been around in the literature almost for a century, most of the theoretical and empirical work has focused on the large and public company. While this research has improved our understanding of how large corporations are governed, corporate governance in small and medium sized enterprises and in particular in entrepreneurial and newly listed firms has rarely been studied. This essay offers a reflective overview of corporate governance mechanisms in entrepre...

  9. Board Directors and Corporate Social Responsibility

    OpenAIRE

    Mariana Nedelcu (Bunea)

    2014-01-01

    The boards of directors and corporate social responsibility (CSR) have been the subject of much study and debate in the corporate governance circles over the two last decades. With issues ranging from poor corporate reporting to excessive executive compensation often splashed in the headlines, the role of boards comes into the media limelight as never before. Boards of directors are also becoming increasingly aware of corporate social responsibility issues.

  10. Board Directors and Corporate Social Responsibility

    Directory of Open Access Journals (Sweden)

    Mariana Nedelcu (Bunea

    2014-08-01

    Full Text Available The boards of directors and corporate social responsibility (CSR have been the subject of much study and debate in the corporate governance circles over the two last decades. With issues ranging from poor corporate reporting to excessive executive compensation often splashed in the headlines, the role of boards comes into the media limelight as never before. Boards of directors are also becoming increasingly aware of corporate social responsibility issues.

  11. System Of Corporate Governance In Montenegro

    OpenAIRE

    Mijat Jocovic

    2011-01-01

    The subject of this paper is the study of corporate governance system in Montenegro. The paper analyzes the corporate governance reforms that occurred after 2002 when Montenegro began independently to regulate the area of company law and corporate governance. The author points out that the system of corporate governance in Montenegro has developed in specific circumstances. The lack of longer existing shareholder practices, under-developed legal and institutional framework and the lack of und...

  12. Heterodox Critiques of Corporate Social Responsibility

    OpenAIRE

    Jo, Tae-Hee

    2011-01-01

    Corporate social responsibility (CSR) is in vogue in recent times. It has been widely received by socially concerned people in business, academia, and NGOs that CSR would lend support to the improvement in social welfare and the protection of environment. However, the question that whether corporations are socially responsible or corporations should behave responsibly is beside the point from the heterodox economic perspective. The proper question to pose is how corporations manipulate the s...

  13. Semantic Web Services in Corporate Memories

    OpenAIRE

    Lo, Moussa; Gandon, Fabien

    2007-01-01

    We present our experiment in integrating semantic web services in the existing corporate semantic web server architecture we use to implement corporate memories. We rely on a semantic web search engine, to provide a semantic registry and automatically discover and invoke corporate applications wrapped into semantically annotated web services. Using rules we also demonstrate how to compose the web services with queries on the knowledge stored in the corporate memory to automatically populate t...

  14. Corporate Governance and Transparency in Japan

    OpenAIRE

    Aman, H.; Beekes, W A; P. Brown

    2011-01-01

    We investigate the effect of corporate governance on corporate transparency in Japan, as indicated by the richness of the information environment for Japanese companies. We focus on firms’ disclosure frequency, properties of analysts’ forecasts and the speed of price discovery as indicators of corporate transparency. We find corporate governance in Japan is associated with increased disclosure and greater analyst following, but not more timely price discovery. In further analysis, we confirm ...

  15. Reputation: An Important Component of Corporations' Value

    OpenAIRE

    Malikeh Beheshtifar; Azam Korouki

    2013-01-01

    Corporate reputation may also be a critical factor in responding to a crisis. Reputation may be seen to arise as an output of different activities in the professions.Reputation is a set of collectively held beliefs about a company's ability to satisfy the interest of its various stakeholders. Corporate reputation also is: Observers’ collective judgments of a corporation based on assessments of the financial, social, and environmental impacts attributed to the corporation over time. The organi...

  16. The 'Parkour Organisation': inhabitation of corporate spaces

    OpenAIRE

    Daskalaki, Maria; Stara, Alexandra; Imas, Miguel

    2008-01-01

    This paper discusses the corporate city and the way it structures the experience of its inhabitants. The corporate city is seen here as the embodiment of power relationships of a distinctly postmodern nature, a means to preserve and promote hegemonic and homogenising discourses like globalisation and consumerism. Corporate design and architecture embody specific kinds of relationships, experiences and perceptions of space and place. We will suggest that the corporate city is homogenised, lack...

  17. Focussed Issue Advocacy: Corporal Punishment

    Science.gov (United States)

    Maurer, Adah

    Psychologists are scientists, practicioners and ombudsmen for the public welfare. As such they can research the unknowns about corporal punishment, take into account its deleterious effects when assessing disturbed children, and most importantly, speak out publicly regarding the anachronistic, counterproductive and possibly perversion prone…

  18. Education for Corporate Public Relations.

    Science.gov (United States)

    Baxter, Bill L.

    1985-01-01

    Surveyed members of the Public Relations Society of America who reported that (1) students planning public relations careers in corporations should take courses in this order of priority: journalism, public relations, internships, speech communication, marketing, etc., and (2) an MBA degree was the best advanced education degree. (PD)

  19. Bank performance and corporate culture

    NARCIS (Netherlands)

    Stentella Lopes, F.S.

    2015-01-01

    This thesis has three chapters and focuses on the performance of banks and on corporate culture. The first two chapters focus on bank performance and economic expectations. Specifically, the first chapter sheds light on the consistency between investors’ reaction to merger announcement and bankers’

  20. Outplacement and corporate social responsibility

    NARCIS (Netherlands)

    Jeurissen, R.J.M.

    2006-01-01

    This article presents a response to the following papers: "Ethical Marketing," by P.E. Murphy, G.R. Laczniak, N.E. Bowie, and T.A. Klein, "Marketing Ethics: Cases and Readings," edited by P.E. Murphy and G.R. Laczniak, "Advertising Ethics" by E.H. Spence and B. van Heekeren, and "Corporate Social Re

  1. Corporate Governance in Microfinance Institutions

    OpenAIRE

    Di Benedetta, Pasquale; Ira W. Lieberman; Ard, Laura

    2015-01-01

    This paper is organized as follows: this introduction is followed by a primer on the industry and on the evolution of the microfinance sector. The authors then examine the structure of the microfinance industry, (a) NGOs, cooperatives and credit unions, and commercialized vehicles; how they differ and why corporate governance differs according to the nature of the MFI; and (b) large networ...

  2. Communitarian perspectives on corporate governance

    OpenAIRE

    Ridley-Duff, R. J.

    2005-01-01

    Research into corporate governance is currently oriented towards understanding how governors control the governed through contractual relationships, economic decision making and control over cultural values. These theories, however, were unable to provide satisfactory explanations for the empirical data discovered during this study. It became necessary to consider gendered aspirations, sexuality and emotional needs to explain both social organisation and hierarchy development. Data from...

  3. Corporate Social Responsibility: Strategic Implications

    OpenAIRE

    Abagail McWilliams; Siegel, Donald S.; Patrick M. Wright

    2005-01-01

    We describe a variety of perspectives on corporate social responsibility (CSR), which we use to develop a framework for consideration of the strategic implications of CSR. Based on this framework, we propose an agenda for additional theoretical and empirical research on CSR. We then review the papers in this special issue and relate them to the proposed agenda.

  4. Imageries of Corporate Social Responsibility

    DEFF Research Database (Denmark)

    Höllerer, Markus A.; Jancsary, Dennis; Meyer, Renate E.;

    2013-01-01

    In this paper, we explore how corporations use visual artifacts to translate and recontextualize a globally theorized managerial concept (CSR) into a local setting (Austria). In our analysis of the field-level visual discourse, we analyze over 1,600 images in stand-alone CSR reports of publicly t...

  5. Partnerships for corporate social responsability

    NARCIS (Netherlands)

    Bruijn, de T.J.N.M. (Theo)

    2007-01-01

    The purpose of this paper is to conceptualise the extent to which partnerships with non-governmental organisations (NGOs) are a necessity for successful efforts of businesses in the area of corporate social responsibility (CSR). The main findings are based on an analysis of existing literature on NG

  6. Corporate Foresight and Strategic Decisions

    DEFF Research Database (Denmark)

    Gomez Portaleoni, Claudio; Marinova, Svetla Trifonova; Ul-Haq, Rehan;

    The investigation of the future of an organization has always captivated the attention of academics and business managers. Presently, the aspiration to entrench future-relevant insights into management practices is a must. Companies that have made attempts to use corporate foresight have generall...

  7. Corporate social responsibility in Islam

    OpenAIRE

    Elasrag, Hussein

    2015-01-01

    The aim of this study is to review the Islamic principles of CSR, and the definition of a structured social corporate responsibility (CSR), and based on this responsibility. And provide a practical through the international financial institutions that can implement CSR policies framework. This study provides the basis of social responsibilities that apply to those derived from divine sources of international financial institutions.

  8. Corporal Punishment in Tanzania's Schools

    Science.gov (United States)

    Feinstein, Sheryl; Mwahombela, Lucas

    2010-01-01

    The purpose of this survey was to acquire descriptive information regarding corporal punishment in Tanzania's O-level secondary schools. 448 individuals participated in the study: 254 teachers and 194 students, all from government or private secondary schools in the Iringa Region of Tanzania. In addition, 14 students and 14 teachers were…

  9. Speaking of Corporate Social Responsibility

    NARCIS (Netherlands)

    Liang, H.; Marquis, C.; Renneboog, L.D.R.; Li Sun, Sunny

    2014-01-01

    We argue that the language spoken by corporate decision makers influences their firms’ social responsibility and sustainability practices. Linguists suggest that obligatory future-time-reference (FTR) in a language reduces the psychological importance of the future. Prior research has shown that spe

  10. The Corporate Governance of Banks

    OpenAIRE

    Hummel, Detlev

    2013-01-01

    1. Introduction 2. The role of banks and what is different in banks? 3. Corporate Governance and risk management 4. Risk taking and executive board composition 5. Compensation structures – how to improve models for banks? 6. Banking supervision and regulation 7. Reform of European institutions for financial stability

  11. Perceptions of Corporate Social Responsibility

    Science.gov (United States)

    Gavin, James F.; Maynard, William S.

    1975-01-01

    This study investigated the possible implications of Corporate Social Responsibility (CSR) for employee expectations and satisfactions. Specifically, interest centered on the question of how perceptions of an organization's involvement in the resolution of current societal problems might relate to members' expectations of equitable job rewards and…

  12. Corporate Governance Country Assessment : Georgia

    OpenAIRE

    World Bank

    2002-01-01

    Since its establishment in 1999, the National Securities Commission of Georgia (NSCG) has been successful in reducing the volume and number of trades taking place outside the stock exchange. It has also taken important steps to increase transparency and disclosure. However, the assessment highlighted a series of weaknesses in Georgia's corporate governance regime and practices. Combined ef...

  13. Corporal Punishment: Legalized Child Abuse.

    Science.gov (United States)

    McFadden, Margaret

    1987-01-01

    School discipline need not entail corporal punishment. It is not necessary to subject school children to a role model of aggressive behavior by their teachers and principals. Instead, education in Canada should reflect the most advanced state of research, knowledge, and moral development by using alternative forms of discipline. (JHZ)

  14. Corporal Punishment: Facts and Alternatives.

    Science.gov (United States)

    Wilder, Pana

    1982-01-01

    Suggests that corporal punishment in the schools be abolished and presents alternatives to physical punishment. Proposes educators and other concerned individuals work together to form student problem committees, adjust classroom environment and improve the curriculum, and exercise their legal rights. (JAC)

  15. Unravelling learning within multinational corporations

    NARCIS (Netherlands)

    Saka-Helmhout, Ayse

    2007-01-01

    This article explores the impact of institutional variation on the extent to which subsidiary firms learn from multinational corporations. Learning is conceptualized here as consisting of two aspects: knowledge flow and reinforcement of or change in routines to incorporate the behaviourist assumptio

  16. Multinationals and corporate social responsibility

    NARCIS (Netherlands)

    A. Kolk

    2010-01-01

    This paper aims to shed some more light on the current debate related to corporate social responsibility (CSR), specifically considering multinational enterprises (MNEs) and the complexities they face when dealing with international issues and a range of stakeholders. It discusses notions of CSR in

  17. Corporate Governance Country Assessment : Jordan

    OpenAIRE

    World Bank

    2004-01-01

    This report provides an assessment of Jordan's corporate governance policy framework, enforcement and compliance practices. Strengths and weaknesses are highlighted and policy recommendations are made where appropriate. Much progress was made in the regulatory environment in the 1990s, since the creation of the Jordan Securities Commission, the Amman Stock Exchange, and the Securities Depo...

  18. Corporate Social Responsibility and Competitiveness

    OpenAIRE

    tureanu Simona-Luize

    2012-01-01

    Corporate social responsibility helps achieving different social, environmental and economic policy goals, but it can also contribute to competitiveness. This paper concentrates on how CSR could help competitiveness at level of individual enterprises. Moreover the connection between macro-level competitiveness and CSR is presented.

  19. Internal Process of Corporate Advocacy.

    Science.gov (United States)

    Stout, Daniel A.

    1990-01-01

    Focuses on the preliminary process of corporate advocacy, which provides direction for issues management. Provides insights into: (1) the degree to which organizational spokespersons are willing to express a position on a variety of issues; (2) how such positions come to be advocated through organizational communication; and (3) how organizational…

  20. Corporate Governance Country Assessment : Kenya

    OpenAIRE

    World Bank

    2007-01-01

    Good corporate governance ensures that companies use their resources more efficiently, protects minority shareholders, leads to better decision making, and improves relations with workers, creditors, and other stakeholders. It is an important prerequisite for attracting the patient capital needed for sustained long-term economic growth. This report provides an assessment of Kenya s corpora...

  1. CORPORATE SOCIAL RESPONSIBILITY AS CONSTITUENT OF INCREASE OF EFFICIENCY OF THE CORPORATE MANAGEMENT SYSTEM

    OpenAIRE

    Baiura, D.

    2009-01-01

    In the article essence of corporate social responsibility of companies is analysed taking into account international and domestic experience. Certainly basic functions of corporate social responsibility, place and role of report, about corporate social responsibility, and also indexes of measuring of corporate social responsibility, in particular value of index of social investments.

  2. "Bankruptcy Law, Corporate Finance, and Corporate Revival Process in Japan"(in Japanese)

    OpenAIRE

    Noriyuki Yanagawa; Sumio Hirose; Fumio Akiyoshi

    2005-01-01

    This paper examines corporate revival processes in Japan. In recent years, corporate revival processes are drastically changing in Japan. For example, important bankruptcy laws have been revised and Industrial Revitalization Corporation was established. Moreover, many corporate revival funds are actively investing. This paper explains those new movements and examines how those new activities will change the Japanese economy.

  3. Bulgarian corporate governance rules and institutions

    OpenAIRE

    Tchipev, Plamen D

    2001-01-01

    This short survey on the Bulgarian corporate governance issues follows the European Corporate Governance Survey guidelines as well as the structure and layout of the respective survey on Estonian case. The tables present just the legislative aspect of the problem.The following are some specifics for Bulgarian Corporate Governance which seem important for its understanding.

  4. A Survey of Corporate Governance in Russia

    OpenAIRE

    Olga Lazareva; Andrei Rachinsky; Sergey Stepanov

    2007-01-01

    In this survey, we describe the current state of corporate governance in Russia and discuss its dynamics and prospects. We review the main mechanisms of corporate governance in the country and relate them to firms’ ownership structures, financial market development and government influence. Finally, we discuss the current trends in Russian corporate governance and its prospects.

  5. Corporate social responsibility and financial markets

    NARCIS (Netherlands)

    Dam, Lammertjan

    2008-01-01

    This thesis examines the economics of corporate social responsibility, with an emphasis on the role of financial markets and institutions. Questions that are raised are: What does corporate social responsibility mean in an economic context? What is the impact of corporate social responsibility on th

  6. 75 FR 64785 - Corporate Credit Unions

    Science.gov (United States)

    2010-10-20

    ... changes to the structure of the corporate credit union (corporate) system were warranted. 74 FR 6004 (Feb... related rule provisions. 74 FR 65210 (Dec. 9, 2009). The proposed revisions covered corporate capital... From the Federal Register Online via the Government Publishing Office ] Part II National...

  7. Corporate Strategies in Global Investment Business

    Directory of Open Access Journals (Sweden)

    Tetiana Frolova

    2012-02-01

    Full Text Available The article deals with topical issues of the development of corporate strategies for businesses. We proposed the classification and defined the ways to implement corporate strategies. We also analysed the current trends in the development of global corporate strategies mainly implemented through mergers and acquisitions.

  8. Corporal Punishment: What Teachers Should Know.

    Science.gov (United States)

    Evans, Elizabeth D.; Richardson, Rita C.

    1995-01-01

    This article cites the incidence of corporal punishment in schools; levels of public support for it; and factors that place students with behavioral, emotional, learning, and mental disorders at risk for corporal punishment. Teachers are encouraged to educate themselves and others, to say no to corporal punishment, and to develop alternatives to…

  9. Corporal Punishment: Legalities, Realities, and Implications.

    Science.gov (United States)

    Hinchey, Patricia H.

    2003-01-01

    Presents a quiz that will help readers determine the reliability of their own perceptions relating to corporal punishment in schools. Discusses U.S. Courts and corporal punishment, worldwide and nationwide legality, and the realities of corporal punishment in the United States. Discusses implications for what teachers can do to address corporal…

  10. Corporate Entrepreneurship Performance: Slovenia and Romania

    OpenAIRE

    Bostjan Antoncic; Cezar Scarlat

    2008-01-01

    Entrepreneurship development is an imperative agenda for the improvement of competitiveness of current and future EU member countries. Corporate entrepreneurship activities and orientations can be considered important predictors of organizational performance. Hypotheses on the relationship between corporate entrepreneurship (organizational-level entrepreneurial behaviors) and performance elements and between alliance and corporate entrepreneurship elements were developed and tested. The analy...

  11. 22 CFR 96.31 - Corporate structure.

    Science.gov (United States)

    2010-04-01

    ... Approval Licensing and Corporate Governance § 96.31 Corporate structure. (a) The agency qualifies for... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Corporate structure. 96.31 Section 96.31 Foreign Relations DEPARTMENT OF STATE LEGAL AND RELATED SERVICES ACCREDITATION OF AGENCIES AND APPROVAL...

  12. Corporate Governance Country Assessment : El Salvador

    OpenAIRE

    World Bank

    2012-01-01

    This report assesses El Salvador s corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in El Salvador. The OECD Principles focus on private-sector publicly traded companies, both financial and nonfinancial, but are also...

  13. The path to corporate responsibility.

    Science.gov (United States)

    Zadek, Simon

    2004-12-01

    Nike's tagline,"Just do it," is an inspirational call to action for the millions who wear the company's athletic gear. But in terms of corporate responsibility, Nike didn't always follow its own advice. In the 1990s, protesters railed against sweatshop conditions at some of its overseas suppliers and made Nike the global poster child for corporate ethical fecklessness. The intense pressure that activists exerted on the athletic apparel giant forced it to take a long, hard look at corporate responsibility--sooner than it might have otherwise. In this article, Simon Zadek, CEO of the UK-based institute AccountAbility, describes the bumpy route Nike has traveled to get to a better ethical place, one that cultivates and champions responsible business practices. Organizations learn in unique ways, Zadek contends, but they inevitably pass through five stages of corporate responsibility, from defensive ("It's not our fault") to compliance ("We'll do only what we have to") to managerial ("It's the business") to strategic ("It gives us a competitive edge") and, finally, to civil ("We need to make sure everybody does it"). He details Nike's arduous trek through these stages-from the company's initial defensive stance, when accusations about working conditions arose, all the way to its engagement today in the international debate about business's role in society and in public policy. As he outlines this evolution, Zadek offers valuable insights to executives grappling with the challenge of managing responsible business practices. Beyond just getting their own houses in order, the author argues, companies need to stay abreast of the public's evolving ideas about corporate roles and responsibilities. Organizations that do both will engage in what he calls"civil learning". PMID:15605571

  14. The nature and management of ethical corporate identity: Discussion paper on corporate identity, corporate social responsibility and ethics

    OpenAIRE

    Balmer, JMT; Fukukawa, K; Gray, ER

    2007-01-01

    In this paper we open up the topic of ethical corporate identity: what we believe to be a new, as well as highly salient, field of inquiry for scholarship in ethics and corporate social responsibility. Taking as our starting point Balmer and Greyser’s (2003) AC2ID test model of corporate identity – a pragmatic tool of identity management – we explore the specificities of an ethical form of corporate identity. We draw key insights from conceptualisations of Corporate Social Responsibility and ...

  15. Corporate identity a corporate image značky PRIM

    OpenAIRE

    Janečková, Barbora

    2009-01-01

    The master thesis named "Corporate identity and corporate image of PRIM" analyses the current position of brand PRIM on the watch market in the Czech Republic whereas the main focus is on the description of its corporate identity elements and the brand management strategy. The thesis consists of two main parts - theoretical and practical. The theoretical part defines the concept of corporate identity, corporate image, as well as strategic planning and strategic brand management. The practical...

  16. Determinants of Corporate Governance and Corporate Performance among Consumer Product Industry in Malaysia: A Theoretical Model

    OpenAIRE

    Kogilavani Apadore; Siti Subaryani Binti Zainol

    2014-01-01

    This study discusses on the relationship between corporate governance mechanisms and corporate performance of public listed companies in Bursa Malaysia among the consumer product industry. It investigates the corporate governance mechanisms such as ownership concentration, audit quality, board independence and CEO duality, are used to test on the relationship between both corporate governance and corporate performance. The proposed model indicates that the proportion of independent non-execut...

  17. Ways and Importance of Handling Corporate Brand Identity with the focus on Scania Corporation

    OpenAIRE

    Nazarov, Alexei; Popov, Grigory; Kuptsov, Vladimir

    2006-01-01

    Having studied the literature on the issue of corporate brand identity our group found different points of view towards it and its components. The major ideas discussed in all the sources studied are the corporate brand identity, corporate brand personality, corporate brand reputation and corporate brand image. But the interconnections of those and the possible ways to influence them differ from source to source. As a result, our group managed to create a cumulative model of the structure of ...

  18. Corporate Social Responsibility (CSR) Sebagai Penerapan Prinsip Good Corporate Governance (GCG) Terkait dengan Sustainable Development

    OpenAIRE

    Saviera, Lesly

    2012-01-01

    Economic crisis in Asia, especially Indonesia in mid-1997 is believed to be due to weak implementation of Good Corporate Governance (GCG) in the corporation. Principles of Good Corporate Governace (GCG) has the purpose or benefit to help the economic recovery to countries previously hit by the crisis. One of the principles in the GCG that gave birth to the idea of Corporate Social Responsibility Responsibility (CSR) as a form of corporate social responsibility and the environment. The idea of...

  19. COMPLYING WITH CORPORATE SOCIAL RESPONSIBILITY DEMANDS IN A CONTEMPORARY CONTEXT (THE CASE OF MULTINATIONAL CORPORATIONS)

    OpenAIRE

    Ajang, Sone Stanley Ngole; Derek, Chiek Khan; Bertrand, Njoya Mbaimoun Nji

    2010-01-01

    Corporate Social Responsibility has been a very topical issue in contemporary times, but an in-depth understanding of this salient concept is quite questionable to many including actors in corporate spheres. This we could attribute to ignorance or limited research work to propagate what corporate social responsibility means and the benefits it may bring forth if properly adhered to by corporations. This paper thus has as fundamental focus to clarify and enhance the understanding of corporate ...

  20. Negative employee corporate brand identification: A case study of a prominent Malaysian University corporate brand

    OpenAIRE

    Syed Alwi, SF; Balmer, JMT; CheHa, N; Yen, D.

    2014-01-01

    The purpose of this paper is to investigate negative employee corporate brand identification towards a business school in Malaysia. The research marshals the nascent literature of corporate brand identification (Balmer and Liao 2007; Balmer, Liao and Wang 2008) which marked new ground by drawing on social identity theory in corporate branding contexts. Corporate brand identification is relatively new concept but has been recognized as very important facet of corporate marketing (Balmer and Li...

  1. Value-Based Management and Corporate Governance: a Study of Serbian Corporations

    OpenAIRE

    Stančić Predrag; Todorović Miroslav; Čupić Milan

    2012-01-01

    The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and performance measures in the context of value-based management. Then, through the multiple case study, we investigate the attitude of seven Serbian corporations toward defining the general corporate...

  2. Corporate strategic branding: How country and corporate brands come together

    Directory of Open Access Journals (Sweden)

    Đorđević Bojan

    2008-01-01

    Full Text Available The concept of countries as brands has been increasingly recognized in the post-modern global world. A strong country brand can provide corporate brands with a unique set of values, which supports their positioning on the international market. Simultaneously, once corporate brands achieve worldwide success, they contribute actively to developing new features of the country brand. Consumers pay more and more attention to products' country of origin. When the name of a country is mentioned, they can have positive associations (high quality, modern design, product innovation, which means that the country itself has a powerful brand. However, there are opposite cases where we talk about the weak branding of a particular country. It is necessary to mobilize all the available forces of politicians, business people, artists, sportsmen and scientists to create a strategy for enhancing the image and reputation of a country on the international markets, i.e. for creating the national branding strategy.

  3. Corporate governance and cash policies of multinational corporations

    OpenAIRE

    Beuselinck, C.; DELOOF, M; Vanstraelen, A.

    2012-01-01

    This study investigates cash policies of multinational corporations (MNCs) for a large sample of European MNCs and their subsidiaries in the period 1998-2004. The results are consistent with the hypothesis that cash holdings depend on a trade-off between the superior knowledge of the subsidiary over headquarters and the agency costs of discretionary behavior by the subsidiary’s management. We find that foreign subsidiaries hold more cash than domestic subsidiaries, although geographical dista...

  4. Corporate Brand And Corporate Identity: Some Food For Thought

    OpenAIRE

    Popy Rufaidah; Mohammed A. Razzaque; Allan Walpole

    2003-01-01

    Although the concept of corporate identity (CI) has been of interest to marketing practitioners for the last three decades, only recently has it attracted the serious attention of marketing academics such as Dacin and Brown (2002) who have defined CI as “…..those intended characteristics of an organization that decision-makers and marketers within the group choose to promote to their internal and external constituents” (p.254). However, there appears to be little attempt in the literature to ...

  5. CORPORATE POLICY AND STRATEGIC COMMUNICATION ON CORPORATE CULTURE

    OpenAIRE

    CRIVEANU Maria Magdalena

    2015-01-01

    In the current context, organizations should reinforce their culture so that they may be classified as strong organizations, able to face the disturbances of the external environment and meet the customers' needs. The maintenance or change of corporate culture starts from the socializing skills of actors involved in business activities. Socializing skills ensure the transmission of attitudes, values, guidelines, behavioral trends, as well as aspirations and needs, since socializat...

  6. Corporate diversification and board composition in Japanese electronic corporations

    OpenAIRE

    Nishi, Takahiro

    2014-01-01

    In this study, I examine the relationship between board composition and diversification strategy in Japanese electronic corporations. Many Japanese electronics companies have performed sluggishly and instituted major reforms in terms of governance and management. The strategic choice between Focus and Divarication is the foremost issue for Japanese firms aiming to improve their performance. A corporation’s diversification strategy is influenced by the board structure and configuration of corp...

  7. Corporate Governance for Crooks? The Case for Corporate Virtue

    OpenAIRE

    Margit Osterloh; Frey, Bruno S.

    2005-01-01

    Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. These scandals cause an enormous amount of damage, not only to the companies affected, but also to the market economy as a whole. As a solution, conventional wisdom suggests more monitoring and sanctioning of management. We argue that these efforts will create a governance structure for crooks. Instead of solving the problem, they make it worse. Selfish extrinsic motivation is reinforced. We sug...

  8. CORPORATE BRAND BUILDING IN START-UPS

    OpenAIRE

    PETER WITT; VERENA RODE

    2005-01-01

    In this paper, we develop a multi-stage formative measurement model to investigate which factors constitute the corporate brand of a start-up as seen from within the firm (corporate identity) and as perceived from outside (corporate image). Furthermore, we propose a structural model for brand building in start-ups, i.e. the causal relation between corporate identity and corporate image. We test this model empirically for a sample of 311 German start-ups. The study proves the importance of wel...

  9. Corporate Parenting Style In The Global Economy

    OpenAIRE

    Igor Gurkov

    2014-01-01

    The paper provides a summary of the existing typologies of corporate parenting styles and discovers the missing elements in the theoretical constructs. New theoretical constructs fill the gaps. The paper presents a new typology of corporate parenting style by combining “adding value to subsidiaries by their corporate parent(s)” and “extracting value from subsidiaries by their corporate parent(s).” The four-type typology of corporate styles outlines the different levels of value addition and v...

  10. Regulating Corporate Governance in the EU

    DEFF Research Database (Denmark)

    Horn, Laura

    In the context of the financial and economic crisis, corporate governance and regulatory supervision failures are at the centre of public debates. Who controls the modern corporation, and why, has become one of the defining social power relations in contemporary capitalism. Regulation Corporate...... Governance in the EU fills a gap in the extensive literature on corporate governance and highlights the political nature of EU corporate governance regulation. Laura Horn advances a critical political economy perspective focusing in particular on political struggles and processes of the neoliberal...... transformation of company law and corporate governance regulation. Her findings about the marketization of corporate control are at the core to a better understanding of the broader context of capitalist restructuring in the European Union....

  11. Features of the content of corporate contracts

    Directory of Open Access Journals (Sweden)

    Elena Petrovna Gladneva

    2015-09-01

    Full Text Available Objective to study the legal nature to reveal the peculiarities of the subject and other essential terms of corporate contracts as a technique and means of legal regulation of corporate relations. Methods general and specific methods of cognition dialectical formal logic analysis synthesis modeling structural and systemicfunctional methods as well as comparative legal logical legal historical legal grammatical methods and systemic interpretation. Results it is concluded that the object of corporate contracts includes terms about the features of implementation of corporate rights for shares and share in capital assets conditions order of the implementation of corporate rights and approval of other actions related to company management activity reorganization and liquidation the passive duty of corporate organizations to refrain from committing any action authority arising from the nature of corporate agreements as well as the active responsibilities associated with the certain implementation of corporate rights certified by stocks shares rights to stocks shares. In addition to the subject the content of corporate contractsincludes other essential necessary conditions stipulated by the corporate legislation norms and the agreement of the participants of economic entity. Scientific novelty for the first time taking into account modern achievements of civilistic jurisprudence and practice the authors investigate the relationship between the concepts of a civil contract and corporate contract give the definition of corporate contract show the specificity of the subject and other material terms of corporate contracts. Practical significance the findings can be taken into account in the further research of corporate law issues as subbranch of civil law used in law making and enforcement activities in the educational process as a teaching material in civil law. nbsp

  12. Financialization and the Multinational Corporation

    DEFF Research Database (Denmark)

    Morgan, Glenn

    2014-01-01

    The terrain on which states, trade unions and social movements confront multinational corporations has changed dramatically over the last two decades as a result of two phenomena – the disaggregation of the supply chain and the financialization of corporations. Trade unions and social movements...... have increasingly challenged the inequalities and unfairnesses which have emerged from the globalization of supply chains. However, issues of financialization, although increasingly high profile since 2008, have generally been treated separately. This article argues that the two phenomena are...... integrally related within the same process of neoliberal globalization. It argues that trade unions and social movements need to connect together issues to do with the relocation and restructuring of employment with issues of financialization and the need for financial reform. Change will only be effective...

  13. Corporate governance cycles during transition

    DEFF Research Database (Denmark)

    Mygind, Niels; Demina, Natalia; Gregoric, Aleksandra;

    2004-01-01

    -ing or exit stage. During transition the cycle reflects: privatization often with a high proportion of employee ownership like in Russia and in Slovenia; strong pressures for restructuring and owner-ship changes; limited possibility for external finance because of embryonic development of the fi......-nancial system. To provide simple hypothesis tests, we use Russian enterprise data for 1995-2003 and Slovenian data covering 1998-2003. In spite of differences in institutional development, con-cerning privatization and development of corporate governance institutions, we find that govern-ance cycles are broadly...... ownership on managers, external domestic and foreign owners. JEL-codes: G3, J5, P2, P3 - Keywords: corporate governance, life-cycle, privatization, ownership change, transition economies, Russia and Slovenia....

  14. The Nordic Corporate Governance Model

    DEFF Research Database (Denmark)

    Thomsen, Steen

    2016-01-01

    governance and discusses its relevance as a development paradigm. The article quantitatively documents the existence of a Nordic governance model using data from the World Bank, Transparency International and other sources. Secondly, it is shown how Nordic corporate governance – Nordic civil law......, concentrated ownership, semi two-tier board structures, employee representation and low-powered managerial incentives – has been shaped by the welfare state in ways consistent with systemic corporate governance theories. The article concludes with a skeptical discussion of the Nordic model as a development......The Nordic countries – Denmark, Norway, Sweden, and Finland—have attracted attention in recent years. Some elements of the Nordic model—particularly the welfare state—are well understood, but its governance characteristics remain elusive to the international audience. This article reviews Nordic...

  15. Behavioral Corporate Finance: A Survey

    OpenAIRE

    Malcolm Baker; Richard S. Ruback; Jeffrey Wurgler

    2004-01-01

    Research in behavioral corporate finance takes two distinct approaches. The first emphasizes that investors are less than fully rational. It views managerial financing and investment decisions as rational responses to securities market mispricing. The second approach emphasizes that managers are less than fully rational. It studies the effect of nonstandard preferences and judgmental biases on managerial decisions. This survey reviews the theory, empirical challenges, and current evidence per...

  16. Corporate Saving in Global Rebalancing

    OpenAIRE

    Bacchetta, Philippe; Benhima, Kenza

    2014-01-01

    In this paper, we examine theoretically how corporate saving in emerging markets is contributing to global rebalancing. We consider a two-country dynamic general equilibrium model, based on Bacchetta and Benhima (2014), with a Developed and an Emerging country. Firms need to save in liquid assets to finance their production projects, especially in the Emerging country. In this context, we examine the impact of a credit crunch in the Developed country and of a growth slowdown in both countries...

  17. Corporate Saving and Global Rebalancing

    OpenAIRE

    Philippe Bacchetta; Kenza Benhima

    2014-01-01

    In this paper, we examine theoretically how corporate saving in emerging markets is contributing to global rebalancing. We consider a two-country dynamic general equilibrium model, with a developed country and an emerging country. Firms need to save in liquid assets to finance their production projects, especially in the emerging country. In this context, we examine the impact of a credit crunch in the developed country and of a growth slowdown in the two countries. These three shocks imply s...

  18. Investor Protection and Corporate Valuation

    OpenAIRE

    Rafael La Porta; Florencio Lopez-deSilanes; Andrei Shleifer; Vishny, Robert W.

    1999-01-01

    We present a model of the effects of legal protection of minority shareholders and of cash flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample of 371 large firms from 27 wealthy economies. Consistent with the model, we find evidence of higher valuation of firms in countries with better protection of minority shareholders, and weaker evidence of the benefits of higher cash flow ownership by controlling shareholders for corporate valuation.

  19. Corporate globalization and bank lending

    OpenAIRE

    Shujing Li; Jiaping Qiu; Chi Wan

    2011-01-01

    This paper investigates the effect of corporate globalization on bank loan contracts, as reflected in both price and non-price loan terms. We show that globally diversified firms receive more favorable valuation from creditors than domestic firms do. Specifically, we find strong evidence that global firms are charged lower loan rates, and are spared the more restrictive non-price contractual terms such as short maturity and collateral requirements. Our results are robust to various extensions...

  20. Taxation and Corporate Payout Policy

    OpenAIRE

    James Poterba

    2004-01-01

    This paper presents new evidence on how corporate payout policy responds to the differential between the tax burden on dividend income and that on accruing capital gains. It describes the construction of weighted average marginal tax rate series for the period since 1929, and it suggests that the enactment of the Job Growth of Taxpayer Relief Reconciliation Act of 2003 should raise the after-tax value of dividends relative to capital gains by more than five percentage points. The impact of th...

  1. Economics and Corporate Social Responsibility

    OpenAIRE

    Navpreet Kaur

    2008-01-01

    Corporate Social Responsibility (CSR) is an important economic phenomenon with broad implications for firms, employees, consumers, investors, governments and NGOs alike. This paper collects, structures and combines scattered pieces of economic theory and empirical evidence in novel ways that shed light on various fundamental economic questions related to CSR. The main conjecture presents individual preferences as the ultimate driving force behind any form of CSR. In the presence of social sta...

  2. Corporate Culture and Public Relations

    OpenAIRE

    Korolko, Valentyn; Nekrasova, Oksana

    2009-01-01

    Analyzing American publications dealing with the concept of excellent public relations, the authors trace the development of organizational culture and its connection with societal culture, as well as an alyze theoretical and methodological issues of corporate culture and its impact on public relations in an organization. Special attention is paid to some ways in which professional PR departments can be come the source of progressive counter cultures inside the organization capable of changin...

  3. WEASEL: Vodafone Corporate Semantic Web

    OpenAIRE

    Valverde, Juan José; Buil-Aranda, C.; Gómez-Pérez, José Manuel

    2007-01-01

    The 2006 Gartner emerging technology curve highlights the relevance of the Corporate Semantic Web as one of the most promising IT areas in the next five years. The work presented herein describes WEASEL, an initiative funded by Vodafone to apply and evaluate such technology in the context of a large multinational company. This scenario comprises a number of heterogeneous web sites containing unstructured and related, but physically decoupled, information which needs common models that provide...

  4. Music Genres and Corporate Cultures

    OpenAIRE

    Negus, Keith

    1999-01-01

    Music Genres and Corporate Cultures explores the seemingly haphazard workings of the music industry, tracing the uneasy relationship between economics and culture. Keith Negus examines the contrasting strategies of major labels. Through in-depth case studies of three major genres; rap, country, and salsa, Negus explores the way in which the music industry recognises and rewards certain sounds, and how this influences both the creativity of musicians, and their audiences. He examines the tensi...

  5. Dynamic Diversification in Corporate Credit

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Jacobs, Kris; Jin, Xisong;

    We characterize diversification in corporate credit using a new class of dynamic copula models which can capture dynamic dependence and asymmetry in large samples of firms. We also document important differences between credit spread and equity return dependence dynamics. Modeling a decade of...... the crisis and remain high as well. The most important shocks to credit dependence occur in August of 2007 and in August of 2011, but interestingly these dates are not associated with significant changes to median credit spreads....

  6. Corporate governance and capital flows

    OpenAIRE

    Talamo, Giuseppina

    2010-01-01

    Today’s financial regulation is founded on the assumption that more transparency, accountability, regulation, alignment of interests of directors with long-term objectives, less corruption makes the system safe. Thus, after the recent financial and economic crisis these themes are considered necessary to restore confidence in the financial markets, to reformulate the existing corporate governance systems and mechanisms that have been inadequate, and, finally, to rethink the relationship betwe...

  7. Motivational Mechanism of Corporate Organization

    OpenAIRE

    Matějka, Václav

    2014-01-01

    The introduction of the bachelor thesis, “Motivational Mechanisms of Corporate Organization,” characterises the management process, the basic motivational theories and motivational factors of management employees. The practical part of the work focuses on examining the motivation of actual employees of an undisclosed company. The introduction includes a brief characteristic of the company and its products and describes the typical work activities within the company. Then it describes a...

  8. Corporate governance : A territorial approach

    OpenAIRE

    CREVOISIER, Olivier; Corpataux, José

    2010-01-01

    Until the 1980s, the finance industry was geographically and institutionally contained. The financial economy was relatively stable, and moreover, dependent upon the real economy. Now however, the increasing power of the financial markets is institutionalising the emergence of shareholders whose focus is increasingly narrowly upon the sole aim of financial return and who have less and less involvement in the social and territorial aspects of corporate activity. In short, the finance industry ...

  9. VALUE CREATION THROUGH CORPORATE GOVERNANCE

    OpenAIRE

    Elena Chitimus

    2013-01-01

    Companies spend time and money in order to improve their corporate governance (CG) system and also do not forget to inform third parties about their efforts in this field. CG studies the separation of power at an entity level and the segregation of responsibilities between shareholders, management, and board of directors. As a mechanism CG helps to align management’s goals with those of the stakeholders in order to avoid conflict and to sustain and develop a healthy company. The objective of ...

  10. VALUE CREATION THROUGH CORPORATE GOVERNANCE

    OpenAIRE

    Elena Chitimus

    2014-01-01

    Companies spend time and money in order to improve their corporate governance (CG) system and also do not forget to inform third parties about their efforts in this field. CG studies the separation of power at an entity level and the segregation of responsibilities between shareholders, management, and board of directors. As a mechanism CG helps to align management’s goals with those of the stakeholders in order to avoid conflict and to sustain and develop a healthy company. The objective of ...

  11. Responsible corporate governance in Europe

    OpenAIRE

    Camilleri, Mark Anthony; Aluchna, Maria; Idowu, Samuel

    2016-01-01

    The latest European Union’s (EU) guiding policies are encouraging big businesses and state-owned organisations to provide a fair and truthful view of their respective entities’ environmental, social and governance (ESG) performance. At present, European member states are transposing directive 2014/95/EU on non-financial reporting. The EU’s “comply or explain” approach has presented a significant step forward toward the corporations’ active engagement on corporate governance disclosure and tra...

  12. Integrated corporate performance measurement systems

    OpenAIRE

    Gajić Biljana

    2004-01-01

    Corporate performance measurement is a key prerequisite for successful management, a process of guiding the enterprise from the existing to the particular, desired performance. Traditional performance measurement systems, based on the use of financial indicators, do not satisfy the needs of modern enterprises. They provide the measurement of the past results, but they do not provide enough quality information for improvement of performance in the future. Nowadays, a great number of different ...

  13. Trademark Values in Corporate Restructuring

    OpenAIRE

    Torres, Fernando

    2007-01-01

    In corporate restructuring under Chapter 11, an asset valuation is a central task for both legal and financial reasons. In the area of intangible assets, however, generally accepted accounting principles (GAAP) do not reflect internally-generated assets such as brands, trademarks, and other intellectual property. In practice, arbitrary rules of thumb are used to fill this gap, and closure, liquidation, financing, and restructuring decisions are made on this basis. This paper reports the ...

  14. Extraterritorial Courts for Corporate Law

    OpenAIRE

    Henry Hansmann; Jens Dammann

    2005-01-01

    A central goal in devising a system of courts is to make judicial services easily accessible. As a consequence, justice is usually administered in a geographically decentralized fashion: trial courts are distributed across the territory in which the jurisdiction's law is applied. Corporate law, however, does not fit this pattern: courts are often located far away from the companies subject to their jurisdiction. In particular, Delaware law governs most publicly traded firms in the U.S., and i...

  15. Corporate environmental responsibility and criminology

    OpenAIRE

    Bisschop, Lieselot

    2009-01-01

    Abstract This article addresses corporate environmental responsibility (CER) and aims to present a criminological analysis of it. We studied the opinion of a number of principle actors involved in CER in Europe in order to determine how they perceive it in terms of its definition, aetiology and approaches. For each of these dimensions we relate back to a criminological framework to ascertain how it is positioned in the green criminological debate. We start out by providing informat...

  16. Ouverture de 'Corporate Governance Communication'

    OpenAIRE

    Silvio M. Brondoni

    2006-01-01

    The globalisation of the market and the growth of companies into increasingly complex and ramified networks underline the importance of communication and of the information flows that sustain relations between a company's executive organ, its management, shareholders and other stakeholders. In a complex framework of relationships, corporate governance communication and information are of prime importance to manage consensus in organisations operating on global markets. We can identify three m...

  17. Corporate Social Responsibility in Oligopoly

    OpenAIRE

    Constantine Manasakis; Evangelos Mitrokostas; Emmanuel Petrakis

    2006-01-01

    This paper studies firms owners' incentives to engage in Corporate Social Responsibility (CSR) activities in an oligopolistic market, in a strategic delegation and vertical product differentiation context. Firms' owners have the opportunity to hire "socially responsible" managers and delegate to them CSR effort and market competition decisions. In equilibrium, both owners employ socially responsible managers. The strategic behavior of owners to hire socially responsible managers increases bot...

  18. Speaking of Corporate Social Responsibility

    OpenAIRE

    Liang, H; Marquis, C.; Renneboog, L.D.R.; Li Sun, Sunny

    2014-01-01

    We argue that the language spoken by corporate decision makers influences their firms’ social responsibility and sustainability practices. Linguists suggest that obligatory future-time-reference (FTR) in a language reduces the psychological importance of the future. Prior research has shown that speakers of strong FTR languages (such as English, French, and Spanish) exhibit less future-oriented behavior (Chen, 2013). Yet, research has not established how this mechanism may affect the future-o...

  19. Banking on Corporate Social Responsibility

    OpenAIRE

    Timothy Rice; Cyril Peter

    2015-01-01

    This exploratory study set out to understand the true value of Corporate Social Responsibility (CSR) in the banking sector. Businesses, including banks, actively participate in CSR but the question of value still persists. What does the bank receive in return for participating in CSR? Do banks get more customers as a result of their CSR programmes? Do banks have a better customer retention rate because of their CSR programme? Will customers change banks purely because they disagree with their...

  20. Corporate Finance and Comparative Advantage

    OpenAIRE

    Keuschnigg, Christian; Egger, Peter

    2009-01-01

    Since innovative firms are often financially constrained, access to external funds is important for the expansion of innovative industries. This paper reports four important results. First, comparative advantage is shaped by factor endowments as well as fundamental determinants of corporate finance. In particular, a larger equity ratio of firms and tough governance standards relax finance constraints and create a comparative advantage in innovative industries. Second, factor price equalizatio...

  1. Corporate versus individual: moral responsibility

    OpenAIRE

    Soares, Conceição

    2003-01-01

    There is a clear tendency in contemporary political/legal thought to limit agency to individual agents, thereby denying the existence and relevance of collective moral agency in general, and corporate agency in particular. This tendency is ultimately rooted in two particular forms of individualism – methodological and fictive (abstract) – which have their source in the Enlightenment. Furthermore, the dominant notion of moral agency owes a lot to Kant whose moral/legal philosophy is grounded e...

  2. Corporation-led urban development

    OpenAIRE

    Potters, B.; Heurkens, E.W.T.M.

    2015-01-01

    Since a couple of years a remarkable phenomenon is witnessed in the field of urban development which entails that large multinationals corporations, such as IKEA and Siemens, start to engage in urban development projects. As their motivation to do so is unclear, it is difficult to estimate whether this phenomenon offers opportunities or threats for urban development practice. This paper provides insights in multinationals’ motives for engaging in urban development and their relationship with ...

  3. Accounting Implications of Corporate Diversification

    OpenAIRE

    Raphael Amit; Joshua Livnat; Paul Zarowin

    1991-01-01

    This study investigates the direct effects of corporate diversification on accounting reports, and the implications of these effects for accounting research. The study shows that firms which diversify into unrelated areas of business devote a larger proportion of their capital investments to acquisitions and are, therefore, characterized by smaller differences between replacement-cost and historical-cost values of assets than undiversified firms. The implications of these findings, as well as...

  4. Multinationals and corporate social responsibility

    OpenAIRE

    Kolk, A.

    2003-01-01

    This paper aims to shed some more light on the current debate related to corporate social responsibility (CSR), specifically considering multinational enterprises (MNEs) and the complexities they face when dealing with international issues and a range of stakeholders. It discusses notions of CSR in the context of wider debates, including the question for whom and for what the firm exists, how responsibilities can or should be managed and by whom, and what room there is for managerial discreti...

  5. Business systems and corporate governance

    OpenAIRE

    Pedersen, Torben; Thomsen, Steen

    1999-01-01

    The paper tests the applicability of Whitley’ s business systems framework to the study of international differences in corporate ownership structure. In support of Whitley’ s framework we document the existence of large differences among the largest companies in 12 European nations. Furthermore we find that these differences can be partly attributed to the institutional determinants stressed by Whitley: structure of the financial system, government regulation and labour relations. However, w...

  6. ANALYSIS OF PETROBRAS? CORPORATE STRATEGY

    OpenAIRE

    Devine, Jeff

    2009-01-01

    This document presents an analysis of Petrobras? corporate strategy to enhance the firm?s competitiveness in the industry. The document provides an industry analysis that identifies the company?s current position and a strategic alternative that will improve the company?s performance. The industy analysis determines the structure of the industry and the competitive forces identify the key success factors. The key success factors pinpoint the opportunities and threats to form the strategic alt...

  7. The relationship between corporate governance and financial performance of small corporations in Australia

    Directory of Open Access Journals (Sweden)

    Yongqiang Li

    2015-02-01

    Full Text Available This paper examines a widely explored but yet to be confirmed relationship between two latent constructs - corporate governance and financial performance of small corporations in Australia. Prior studies have either focused on larger organisations or isolated corporate governance mechanisms in small firms. However, few have examined how corporate governance mechanisms, as a bundle, relate to small corporations. This study fills this gap by empirically analysing the aforementioned relationship using Structural Equation Modelling (SEM. Based on 387 responses from small corporations, the results show that corporate governance bundles measured by the extant literature, has a negative impact on the financial performance of small corporations. The result calls for a stakeholder approach to the governance needs of small corporations.

  8. CORPORATE GOVERNANCE IN BANKING ACTIVITIES

    Directory of Open Access Journals (Sweden)

    Mircea ASANDULUI

    2010-01-01

    Full Text Available In the modern society the banking system occupies a very important place; it can decisively influence the economy as a whole and the quality of our lives. Therefore its proper functioning is of vital importance. For the well being of a society, lending to both retail and corporate sectors is very important. When talking about the lending rules for companies it is much easier to do a cost-benefit analysis, subjectivity occurs mainly in case of retail credit.Taking into consideration the recent bankruptcies that took place all over the world, we consider this to be one of the best moments to speak about banking ethics. This article is aiming to make a comparison between the ways in which corporate governance in banking are applied in emergent economies compared to the developed ones. To achieve this objective we examined some characteristics of corporate governance in banking in general, related to some special features of the developing countries and we made an overview of the Romanian financial system.

  9. Corporate psychopathy: Talking the walk.

    Science.gov (United States)

    Babiak, Paul; Neumann, Craig S; Hare, Robert D

    2010-01-01

    There is a very large literature on the important role of psychopathy in the criminal justice system. We know much less about corporate psychopathy and its implications, in large part because of the difficulty in obtaining the active cooperation of business organizations. This has left us with only a few small-sample studies, anecdotes, and speculation. In this study, we had a unique opportunity to examine psychopathy and its correlates in a sample of 203 corporate professionals selected by their companies to participate in management development programs. The correlates included demographic and status variables, as well as in-house 360 degrees assessments and performance ratings. The prevalence of psychopathic traits-as measured by the Psychopathy Checklist-Revised (PCL-R) and a Psychopathy Checklist: Screening Version (PCL: SV) "equivalent"-was higher than that found in community samples. The results of confirmatory factor analysis (CFA) and structural equation modeling (SEM) indicated that the underlying latent structure of psychopathy in our corporate sample was consistent with that model found in community and offender studies. Psychopathy was positively associated with in-house ratings of charisma/presentation style (creativity, good strategic thinking and communication skills) but negatively associated with ratings of responsibility/performance (being a team player, management skills, and overall accomplishments). PMID:20422644

  10. Engaged anthropology and corporate volunteering

    Directory of Open Access Journals (Sweden)

    Natália Blahová

    2015-12-01

    Full Text Available The aim of this paper is to present engaged anthropology and its methodological tools with a specific perspective of the research field and the position of the researcher with regard to research subjects. The study focuses on corporate volunteering as one of the forms of collaboration between the non-profit and the private sectors seeking solutions to social problems and community development. Volunteering projects contribute to the interlinking of the knowledge, skills, experience and resources of corporate employees and the representatives of the non-profit or the public sector. It is a part of the philanthropic strategy of companies which are willing to present themselves as entities responsible towards the environment in which they run their business, and towards their employees, partners and customers. Engaged anthropology can bring, through its methodological tools, a new perspective of corporate volunteering. Community-based participatory research on the process of knowledge creation includes all partners on an equal basis and identifies their unique contribution to problem solution and community development.

  11. Corporate moral responsibility in health care.

    Science.gov (United States)

    Wilmot, S

    2000-01-01

    The question of corporate moral responsibility--of whether it makes sense to hold an organisation corporately morally responsible for its actions, rather than holding responsible the individuals who contributed to that action--has been debated over a number of years in the business ethics literature. However, it has had little attention in the world of health care ethics. Health care in the United Kingdom (UK) is becoming an increasingly corporate responsibility, so the issue is increasingly relevant in the health care context, and it is worth considering whether the specific nature of health care raises special questions around corporate moral responsibility. For instance, corporate responsibility has usually been considered in the context of private corporations, and the organisations of health care in the UK are mainly state bodies. However, there is enough similarity in relevant respects between state organisations and private corporations, for the question of corporate responsibility to be equally applicable. Also, health care is characterised by professions with their own systems of ethical regulation. However, this feature does not seriously diminish the importance of the corporate responsibility issue, and the importance of the latter is enhanced by recent developments. But there is one major area of difference. Health care, as an activity with an intrinsically moral goal, differs importantly from commercial activities that are essentially amoral, in that it narrows the range of opportunities for corporate wrongdoing, and also makes such organisations more difficult to punish. PMID:11079341

  12. Corporate Control in Global Agrifood System

    Directory of Open Access Journals (Sweden)

    Melnikov Aleksandr Borisovich

    2014-12-01

    Full Text Available The current state of global agrifood system is characterized by the increase in large enterprises concentration at each of food chain stages. One of the key factors providing the corporate control of multinational corporation is represented by the achievement of vertical and horizontal integration at each step of production, processing and sale of agrifood production. At this, the vertical and horizontal corporate integration is considered as the factor providing development and stability of control over the multinational corporations in agrifood sector. The classification of primary activities of agroindustrial multinational corporations including the leading multinational corporations is presented. The food chain of the largest multinational corporations is analysed on the basis of the following criteria – gene material, seeds, chemical fertilizers, trade and processing of raw agricultural material, processing industry, supermarkets. The analysis of consequences of agrocorporations concentration is also carried out on the example of seed farming branch and retail trade enterprises. The authors give recommendations on the adaptation to the consequences of multinational corporations expansion. Within these corporations it is necessary for the governments of host countries to improve the state legislation in the field of effective regulation of oligopolistic bodies; to make corporations responsible for any violations of the labor legislation; to provide conditions for competition at the food market and to control the merges and absorptions at the different stages of food chain.

  13. Corporate Community Involvement: How and Why 5 UK Corporations Engage in CCI

    OpenAIRE

    Morvan, James

    2008-01-01

    The UK has witnessed a large rise in corporate community involvement (CCI) since the early 1990s, part of the wider corporate drive towards social responsiveness and corporate citizenship. An increasing amount of corporate resources are going towards CCI activity, with corporate donations reaching �£630m in 2002/03. Five corporations have been identified as CCI leaders and/or innovators in the UK, and their communications to stakeholders will be analysed. The aim is to further understand wh...

  14. Theoretical Values and Practical Values of Corporate DNA Research

    OpenAIRE

    Xianbai Li

    2009-01-01

    Corporate DNA research is a hotspot in the field of economic management. It can provide new ideas for modern corporate management theory which can help to research the inner reasons of corporate behavior. By means of examining corporate DNA, we can estimate whether the corporation is reasonable and healthy or not, and whether the corporation can keep sustainable development and develop into a long-life organization. By means of researching the corporate genes, we can examine the nice genes an...

  15. FROM CORPORATE SOCIAL RESPONSIBILITY THROUGH CORPORATE SOCIAL RESPONSIVENESS TO CORPORATE SOCIAL PERFORMANCE – A STRATEGIC CHOICE FOR BUSINESS

    OpenAIRE

    Lucian BELASCU

    2011-01-01

    The concept of corporate social responsibility occurred at the company's level as cause and consequence as well of a whole set of organizational shifts – integrating some global tendencies. New set of values, new attitudes and new behaviors have emerged regarding the strategic choices of business. The corporate social responsiveness reflects the actual approach each business takes in this respect, while corporate social performance is the expected result of this kind of approach.

  16. CORPORATION CRIME LIABILITY OF PERSPECTIVE PENAL REFORM

    Directory of Open Access Journals (Sweden)

    Abdul Salam Siku

    2013-07-01

    Full Text Available The setting of the responsibility criminal against corporations in Indonesia starting from the inception of the emergency law number 7 of 1955 on Economic Crime, then followed by some of the last act is Act No. 8 of 2010 on prevention and eradication of the crime of money laundering. In the framework of the renewal of national criminal law and the draft law on The Criminal law (Criminal Code systematically have set the criminal liability of corporations, whether incorporated corporation law and Corporation who is not a legal entity. Although there have been laws governing corporate crime responsibility about but are still have problems in its application. It can be seen from the lack of a corporate criminal sentenced by the Court.

  17. Corporate Governance- Issues and Challenges in Pakistan

    Directory of Open Access Journals (Sweden)

    Beenish Ameer

    2013-04-01

    Full Text Available Pakistani companies are crucial for attaining the better position in the global market by adopting the actual concept of corporate governance. Corporate governance is a worldwide phenomenon. Corporate Governance is the system of rules, practices and processes by which a company is directed and controlled. This research paper focuses on the finding & reviewing of the issues and challenges faced by corporate governance in Pakistan. Keeping in view the objectives of this study , research design was adopted to have greater accuracy and in depth analysis of the research study. Available secondary data was extensively used for the study. The investigator procures the required data through secondary survey method. Different news articles, Books and Web were used which were enumerated and recorded The causes of poor corporate governance in Pakistani companies are ineffectiveness of INED’s in Pakistani companies, a lack of understanding, inadequately trained personnel, coverage, policy etc. further adds to the reach and effectiveness of corporate governance programs.

  18. Florida Progress Corporation 1991 annual report

    International Nuclear Information System (INIS)

    Florida Progress Corporation is a utility holding company with assets of 5 billion dollars. Its principal subsidiary is the Florida Power Corporation; others are the Electric Fuels Corporation, the Mid-Continent Life Assurance Company, the Talquin Corporation, the Progress Credit Corporation and Advanced Separation Technologies Incorporated. The annual report describes achievements during the year. To meet growing energy demand Florida Power is building new peaking and base-load generating units, purchasing power from neighbouring utilities and cogenerators, and building more bulk power transmission line capacity in the state. Emphasis has been placed on meeting load growth by demand-site management. Attention is given to balancing energy needs with concerns for the environment, and there is an award-winning recycling program. The Electric Fuels Corporation major area of business is coal mining and transportation services. Advanced Separation Technologies has sold several of its patented ion separation machines. The report includes consolidated financial statements for the year ended 31 December 1991

  19. CORPORATE COMMUNITY INVOLVEMENT. Effect on employee outcomes

    OpenAIRE

    Do, Thi; DO THI TRUC, LY

    2016-01-01

    Corporate community involvement is a beneficial policy of organizations. It brings professional as well as social benefits to the company. Usually companies practice corporate community involvement in order to contribute into societal development. The report studies five cases of big companies Apple Inc., Nestle, Mac cosmetics, Samsung and McDonalds to identify effects of corporate community involvement on employee outcomes. It is concluded that McDonalds gain highest benefits from CCI projec...

  20. Sovereign debt distress and corporate spillover impacts

    OpenAIRE

    Dailami, Mansoor

    2010-01-01

    In much of the standard corporate finance literature in which sovereign debt is treated as a risk free asset, corporate bond prices are seen to depend on idiosyncratic risk factors specific to the issuing company, with public debt playing an indirect role to the extent that it affects the term structure of interest rates. In the corporate world, however, the ability of a borrower to access...

  1. Aligning sourcing activities with corporate strategy

    OpenAIRE

    Buczek, Kristopher

    2014-01-01

    In this paper I set out to discover how global firms ensure that sourcing activities are aligned with corporate strategy. In order to understand this, I broke the problem down into three specific questions, which were: 1) How does strategy flow through the sourcing departments of large firms? 2) What hurdles do sourcing departments face when trying to implement corporate strategy? 3) What tools are available in improving the alignment between corporate strategies and sourcing activi...

  2. Success Factors in Strategic Corporate Venturing

    OpenAIRE

    Dauderstädt, Philipp

    2013-01-01

    Die aktuelle Corporate Venturing Landschaft ist geprägt durch wechselnde Akteure, Prozesse und Zielsetzungen. Obgleich Corporate Venturing als wichtiges Innovationsinstrument von Unternehmen, Politik und Wissenschaft anerkannt wird, besteht kaum Konsens über die Erfolgsfaktoren. Diese Arbeit präsentiert ein prozessorientiertes Erfolgsfaktorenmodell aus der Perspektive der Corporate Venture Capital (CVC) Einheiten, welches von der strategischen Ausrichtung über den eigentlichen Investitionspro...

  3. Corporate Governance Report and Stakeholder View

    OpenAIRE

    Daniela Salvioni; Luisa Bosetti

    2006-01-01

    The increasing importance recognised to corporate governance, the shift from the dominance of the shareholder view to the prevalence of the stakeholder view, and the necessity to recover approval on companies' actions have stressed the opportunity of complete disclosure about corporate governance structures and performances. The research is founded on an international comparison and is finalised to verify: the existence of principles and recommendations concerning the corporate governance com...

  4. Is Corporate Communications A Strategic Function?

    OpenAIRE

    Dolphin, R; Fan, Y.

    2000-01-01

    Corporate communications, or public relations (PR) as hitherto it has largely been known, has become an increasingly important function in business organisations. Yet little has been published on the role and function of communication executives. This paper reports an empirical study conducted in 20 British organisations with a focus on the director of corporate communications. It examines the role and tasks of corporate communication executives and discusses their status within organisationa...

  5. International Business, Sustainability and Corporate Social Responsibility

    OpenAIRE

    Leonard, Liam; Gonzalez-Perez, Maria Alejandra

    2013-01-01

    Introduction (pp. xiii - xv) Corporate Social Responsibility and International Business: A Conceptual Overview (pp. 1 - 35) Global Civil Society and International Business: A Review (pp. 37 - 63) International Business, Corruption, and Bribery (pp. 65 - 95) Institutional and Market Forces: The Dominant Logic of Strategic Corporate Responsibility and Innovative Value Co-Creation (pp. 97 - 131) The Influence of Corporate Social Responsibility (CSR) Activities on Building ...

  6. Towards A Relational View Of Corporate Governance

    OpenAIRE

    Dina Tomsic

    2013-01-01

    The ongoing transformation of corporate governance dominant focus from its traditional toward an integrated multidimensional level denotes actually that the new paradigm is emerging, the one that highlights a holistic governing approach and an augmented, overall corporate responsibility as well as long term corporate success and sustained competitiveness. Within such kind of an extended discipline's domain the conceptualization of more flexible governance models is needed, supported with the ...

  7. Macroeconomic Determinants of Corporate Failures in Malaysia

    OpenAIRE

    Abd Halim Hamilton Ahmad; Siti Nurazira Mohd Daud; Ainulashikin Marzuki

    2009-01-01

    This research investigates the long-run dynamic linkages between the corporate failures in Malaysia and selected macroeconomic variables by employing the Autoregressive Distributed Lag (ARDL) bound test, a robust and recent time series technique which is applicable irrespective of whether the regressors are I(0) or I(1).  Corporate failure rate is the ex-ante variable in a linear function model with five explanatory macroeconomic variables.  A dummy variable to decipher the corporate failure ...

  8. Corporate Social Action: Conceptual Definition and Typology

    OpenAIRE

    Licandro, Goldaracena; Oscar, Daniel; Sabath, Juanita

    2010-01-01

    This document makes a critical analysis of the concept of Corporate Social Action (CSA), proposes a definition for this concept and makes a typology about different forms of CSA. It also discusses the relationship between this concept, the Corporate Social Responsibility (CSR) and Corporate Social Marketing (MSC). It presents the results of an empirical study in Uruguay, which served to assess the suitability of the definition and the typology. The document seeks to provide elements for the d...

  9. The content of accountability in Corporate Governance

    OpenAIRE

    Mosunova, Natalya

    2014-01-01

    Accountability is quintessence of any corporate governance debate despite that there is no unified doctrine what accountability consists of. Academics, politicians and businessmen advocate different categories as the foundation of this doctrine. To some extent this diversity can be explained by an eternal conflict of agency and stakeholder theories in corporate law. This essay examines such aspects of corporate accountability as accounts and financial reporting, compliance to certain efficien...

  10. Corporate Governance and Websites: A Field Study

    OpenAIRE

    Uyar, Metin

    2010-01-01

     ABSTRACT Corporate governance aims to protect interests of all stakeholders against companies’ activities and applications by adding transparency, accountability, justice and participation to managerial activities as internalized principles. Reliance on corporate managements, accounting and finance specialists, and financial reports declined especially after the accounting and corporation scandals occurred in the USA and other states. Sharing financial reports with the public opinion is sign...

  11. Corporate Social Responsibilities Efforts On Hiv/ Aids

    OpenAIRE

    Swapnil Sudhakar Torne

    2013-01-01

    In this rapidly growing world economy, business houses & corporate companies are giving theircontributions in the field of social responsibilities. Health sector is prominent area in which various companiesperforming their corporate social responsibilities in systematic manner. HIV/AIDS is one of the thrust areas ofhealth sector on which some corporate companies are working, but still it needs more attention & contribution fromcorporate sector.India is one of the top five countries in which p...

  12. The Management Mechanism Design of Corporate Entrepreneurship

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    The corporate entrepreneurship has become an important part in the business mana gement as well as a worldwide fashion. Traditional management idealism, organiza tion structure, management technology and enterprise culture have influenced the further step of the whole process to some extent. Therefore, manager should sea rch for the plausible management mechanism with an aim to support the corporate entrepreneurship. It includes strengthening the corporate risk-taking, setting up motivation mechanism for...

  13. CORPORATE SOCIAL RESPONSIBILITY BETWEEN PERFORMANCE AND SUSTAINABILITY

    OpenAIRE

    Ionela Carmen PIRNEA; Marieta OLARU; Keppler, Timo; Mircea SANDRU

    2014-01-01

    Corporate social responsibility is one of the most important challenges that organizations are facing today. The objective of this paper is to highlight, on the one hand, the evolution of the concept of social accountability approaches, analyzing comparative concepts of „corporate social responsibility” and „corporate sustainability”. On the other hand, the paper present the results of a study conducted on a sample of stakeholders from 87 countries, in order to identify the most sustainable o...

  14. The political activities of American corporate leaders

    OpenAIRE

    Nownes Anthony J.; Aitalieva Nurgul R.

    2013-01-01

    What is the nature and extent of corporate leader involvement in American national politics? The results of a mail survey of nearly 100 such individuals show that leaders are quite active, devoting an average of nearly 1 hour per day to national political activity. We also show that corporate leaders engage in a wide range of advocacy activities. Monetary activities loom particularly large in the political lives of American corporate leaders, as large numbers are approached by members of Cong...

  15. Social Entrepreneurship and Corporate Social Responsibilities

    OpenAIRE

    Catalina Mitra Crisan; Anca Borza

    2012-01-01

    This article emphasizes the meaning of social entrepreneurship and that of corporate social responsibility and the role held in social value creating process. There are several opinions regarding the distinctions between social entrepreneurship and corporate social responsibility considering the implications, the impact and the stimulus. This article will point out our approach regarding Social Entrepreneurship and Corporate Social Responsibility based on our research made in Cluj County from...

  16. The Disappearing State Corporate Income Tax

    OpenAIRE

    Cornia, Gary; Kelly D. Edmiston; Sjoquist, David L.; Wallace, Sally

    2005-01-01

    This paper examines alternative explanations for the decline over the past two decades in state corporate income taxes relative to the state economy. We employ a survey of state tax administrators, individual tax returns from Georgia and Utah, and panel data to explore the importance of tax policy, tax planning, and economic factors on the trend in state corporate taxes. We find that corporate tax planning and economic factors account for much of the relative decline, and that state tax polic...

  17. CORPORATE SOCIAL RESPONSIBILITY AND ITS FINANCIAL PERFORMANCE

    OpenAIRE

    Raluca Miruna Zapciu; Gheorghe Hurduzeu

    2015-01-01

    The field of corporate social responsibility (CSR) has grown exponentially in the last two decades. There are different views of the role of the firm in society and disagreement as to whether wealth maximization should be the sole goal of a corporation. Nevertheless, there still remains a debate about the legitimacy and value of corporate responses to CSR concerns. This paper examines the effect of CSR on financial performance. It examines the effect CSR- related shareholder proposals lea...

  18. Impact of CSR on corporate perfomance

    OpenAIRE

    Pirkl, Jakub

    2014-01-01

    The main goal of this thesis is to introduce the concept of CSR and to describe the impact of socially responsible activities on corporate performance of IBM. The thesis is divided into two parts - theoretical and practical part. The theoretical part is concerned with introducing the concept of CSR, its key principles and studies dealing with the relationship between CSR and corporate performance. The practical part is concerned with introducing IBM's approach to corporate social responsibili...

  19. Corporate culture and behaviour: A survey

    OpenAIRE

    Jakob de Haan; David-Jan Jansen

    2011-01-01

    Drawing on the literature on organizational psychology, this paper discusses the potential of studying corporate culture and organizational behaviour for financial supervision. First, we discuss how corporate culture is often linked to long-term firm performance. From that perspective, factoring in corporate culture seems worthwhile. Second, the literature on organizational psychology suggests many pitfalls regarding leadership and group decision-making, which would be relevant to monitor. Th...

  20. Corporate Governance Reforms around the World

    OpenAIRE

    Pursey P.P.M.A.R. Heugens; Jordan Otten

    2005-01-01

    Contemporary contributions to the comparative corporate governance literature are often couched in simple, dichotomous terms. Corporate governance systems are typically described as "insider" versus "outsider" systems, as "shareholder" versus "stakeholder" capitalism, or as involving "equity-financed" versus "debt-financed" firms. We are suspicious of greater variety than allowed by these dichotomous models, and report an explorative study on corporate governance reforms around the world in s...

  1. The ethics of corporate social responsibility.

    Science.gov (United States)

    Bergman, Stanley M; Vernillo, Anthony T

    2014-01-01

    Corporations as well as individual professionals have an ethical obligation to help those in need. There is a sound tradition in American business for companies including social outreach as part of business strategy. This approach works best when corporations and community and professional experts work in partnership. Henry Schein's Corporate Social Responsibility program contributes expertise, logistics, connections, and funds to these partnerships in the United States and worldwide. PMID:25080670

  2. Integrating Sustainable Development & Corporate Social Responsibility

    OpenAIRE

    Oana Ghiga

    2006-01-01

    Sustainable Development (SD) and Corporate Social Responsibility (CSR) have to be among the most important concepts that companies apply and/or promote through specific programmes. As some analyses show, SD and CSR programmes are becoming a constant part of corporate actions, either as part of the company’s PR strategy or as an element of the company’s operational system. The following article offers an overview of the sustainable development and corporate social responsibility concepts, emph...

  3. Influential Factors for Good Corporate Governance

    OpenAIRE

    Ahmed Imran Hunjra; Muhammad Naeem; Babar Khalid

    2013-01-01

    Efficient Corporate Governance demands sound regulations and governed through healthier procedures. The objective of this study is to review the four variables; 1) Agency Problem, 2) Transparent Audit, 3) Management Holdings, and 4) Equity Return and Dividend Payout determined for good corporate governance performance in particular under the title "Influential Factors for Good Corporate Governance". The self-administrated questionnaire was used for data collection. The population of this stud...

  4. Discussing three pillars of corporate governance

    OpenAIRE

    Andrei STĂNCULESCU; Eugen MITRICĂ

    2015-01-01

    This paper is a meaningful attempt to critically analyze the cohesion and relationship between three fundamental pillars of the corporate governance system: the shareholders, the board of directors and the employees. We present the characteristics of each pillar and discuss its relevance in corporate governance. A couple of world-renowned corporate governance models are considered. A synthetic conclusion is drawn based on information presented.

  5. Code of Conduct and Corporate Governance

    OpenAIRE

    Elisa Arrigo

    2006-01-01

    The code of conduct can be considered a tool of corporate governance because it identifies corporate responsibilities towards stakeholders and obliges top managers to comply with certain guidelines when exercising their authority, both inside and outside the company. The code of conduct encompasses a wide variety of subjects, because it addresses all the stakeholders who make up the operating scenario. Moreover, it is an expression of the corporate culture since it reveals how the rules of co...

  6. Corporate social responsibility in the construction industry

    OpenAIRE

    Barvínková, Zuzana

    2014-01-01

    Barvínková, Z. Corporate Social Responsibility in construction industry. Diploma thesis. Brno: Mendel University, 2014. This thesis deals with the issue of corporate social responsibility. Corporate social responsibility is the responsibility of companies for their impacts on society and is based on voluntary commitment. The thesis analyzes current state of CSR in small and medium-sized companies in construction industry of Czech Republic as an industry which has great impacts on environment,...

  7. Researching the lived experience of corporate governance

    OpenAIRE

    Thomas Ahrens; Rihab Khalifa

    2013-01-01

    Purpose – This literature review seeks to engage with the discussion of the limitations of studying corporate governance processes as a “black box” by developing a theoretical framework for qualitative corporate governance research that can support the design of future hermeneutic research into corporate governance practices. Design/methodology/approach – The approach is to develop a qualitative research framework based on the methodological discussions in the business and sociology literatur...

  8. CORPORATE GOVERNANCE IN THE TRANSITION ECONOMIES

    OpenAIRE

    MIRUNA-LUCIA NACHESCU; FLAVIA-MIRELA BARNA; MARIN POPESCU

    2015-01-01

    Corporate governance has been an important issue in the economic literature of the last decades, a strong corporate governance framework being extremely important in order to increase the confidence of the stakeholders. Also, the transition economies are an important issue of research, especially after the 80s’. The aim of the present paper is to see which are the main theories regarding the corporate governance and how they can be described, as well as which are the main corporat...

  9. Corporate Performance and Governance in Malaysia

    OpenAIRE

    Luc E. Leruth; Yougesh Khatri; Piesse, J

    2002-01-01

    This paper measures corporate sector performance (efficiency) and empirically examines the role of corporate governance. A stochastic frontier with inefficiency effects is fitted to a panel dataset of 31 of the largest nonfinancial companies listed on the Kuala Lumpur Stock Exchange for the period 1995 to 1999. Focusing specifically on the impact of the system of corporate governance and the level of control on firm-level performance, results show an underlying vulnerability in these firms, e...

  10. Three Essays in Empirical Corporate Finance

    OpenAIRE

    Zhu, Guangyao

    2015-01-01

    markdownabstract__Abstract__ This dissertation documents my exploration of the modern corporation in the past few years. I outline a detailed picture of major U.S. public corporations in more recent decades from two perspectives: ownership structure and internal nepotism. I also study the private information carried in the CEOs’ unexpected option exercise behavior. This dissertation aims to deepen our understanding of the modern corporation and CEOs’ option exercise behavior.

  11. Capital Structure, Corporate Taxation and Firm Age

    OpenAIRE

    Pfaffermayr, Michael; Stöckl, Matthias; Winner, Hannes

    2008-01-01

    This paper analyses the relationship between corporate taxation, firm age and debt. We adapt a standard model of capital structure choice under corporate taxation, focusing on the financing and investment decisions a firm is typically faced with. Our model suggests that the debt ratio is positively associated with the corporate tax rate, and negatively with firm age. Further, we predict that the tax-induced advantage of debt is more important for older than for younger firms. To test these hy...

  12. Corporate finance theories. Challenges and trajectories

    OpenAIRE

    Mihaela Brînduşa TUDOSE

    2012-01-01

    The aim of this paper is to examine the evolution of corporate finance theories in order to outline already established and future trajectories. Compared with the earliest theories developed in the field (which mainly focused on the capital structure irrelevance), specialist literature has been enriched with wide-ranging debates on identifying the implications of financial decisions on the firm’s value, corporate governance, market strategies, etc. The existing body of theories on corporate f...

  13. Fundamental Tax Reform and Corporate Financial Policy

    OpenAIRE

    William M. Gentry; R. Glenn Hubbard

    1998-01-01

    How tax reform affects corporate financial decisions helps determine whether reform will increase capital formation and simplify the tax system. This paper describes the effects of fundamental tax reform on corporate tax planning and summarizes economists' knowledge of the magnitude of these effects. We analyze income tax reform, consisting of integrating corporate and personal income taxes, and moving to a broad-based consumption tax. As prototypes of reform, we use the U.S. Treasury's Compr...

  14. Corporate Control in Global Agrifood System

    OpenAIRE

    Melnikov Aleksandr Borisovich; Kolesnikova Elizaveta Olegovna

    2014-01-01

    The current state of global agrifood system is characterized by the increase in large enterprises concentration at each of food chain stages. One of the key factors providing the corporate control of multinational corporation is represented by the achievement of vertical and horizontal integration at each step of production, processing and sale of agrifood production. At this, the vertical and horizontal corporate integration is considered as the factor providing development and stability of ...

  15. Transfer Pricing in the Decentralized Multinational Corporation

    OpenAIRE

    Dawson, Peter C.; Miller, Stephen M.

    2000-01-01

    This paper considers how the multinational corporation's transfer price responds to changes in international corporate effective tax rates. It extends the decentralized decision-making analysis of transfer pricing in the context of different tax rates. It adopts and extends Bond's (1980) model of the decentralized multinational corporation that assumes centralized transfer pricing. The direction of transfer price change is as expected, while the magnitude of change is likely to be less than p...

  16. Extended Corporate Citizenship : A Libertarian Interpretation

    OpenAIRE

    Mäkinen, Jukka; Räsänen, Petri

    2011-01-01

    We argue that the idea of ECC (Extended Corporate Citizenship) is more in line with libertarian than liberal thinking. The basic idea of ECC is the dislocation of the provider of citizenship rights from governments to corporations: corporations provide and administrate the same citizenship rights, which governments provided earlier, before the political processes started the privatization of these entitlements (since the 1980’s and 1990’s). According to John Rawls’ liberal viewpoint, citizens...

  17. Corporate Social Responsibility and Nongovernmental Organizations

    OpenAIRE

    Duran, Manuel Balza; Radojicic, Davor

    2004-01-01

    Background: Corporations are established and organized in order to create economic values for their owners and the main aim of every business enterprise is to be profitable and satisfy the financial expectations of their shareholders. However, corporate social responsibility focuses on the ethical aspects of corporate business in order to achieve the balance between the profitability and social responsibility. Nongovernmental organizations through their activities promote the respect for huma...

  18. The role of corporal punishment in children

    OpenAIRE

    Ioannis Koutelekos; Maria Kikila

    2011-01-01

    Corporal punishment consists the most common method of discipline and it is frequently accepted as a necessary tool of parents behavior, globally. Aim: The aim of the present study was to review the literature about corporal punishment as a method of discipline. The method οf this study included bibliography research from both the review and the research literature, mainly in the pub med data base which referred to corporal punishment as a method of discipline Results: Though it is internatio...

  19. Elements of Novelty in Corporate Reputation Research

    OpenAIRE

    Irina Ioana

    2014-01-01

    In the rush of achieving more competitive advantages, an important research has been conducted for a better understanding of corporate reputation. For the last 40 years, the concept has been in the loop of researchers and many definitions have been provided. Nowadays, corporate reputation is a strategic asset that has the capability of providing corporate value if is well understood and applied in the field. New ways of measurement, customized by activity sector, company’s type and market are...

  20. Corporate Crisis And Crisis Strategy Implementation

    OpenAIRE

    Mia Glamuzina; Marina Lovrincevic

    2013-01-01

    Crisis creates or can create undesirable outcome for corporations. Corporation's most often response to a crisis is implementation of a radical change, which represents management's reaction to a direct and for survival of the company dangerous threat. Management, that implements crisis strategies, must be able to manage change during crisis. Based on the estimation of the corporation's condition and desired outcome, strategies implemented during crisis can end up with two diametrically oppos...