The opportunity cost of negative screening in socially responsible investing

NARCIS (Netherlands)

Trinks, Pieter Jan; Scholtens, Bert

2017-01-01

This paper investigates the impact of negative screening on the investment universe as well as on financial performance. We come up with a novel identification process and as such depart from mainstream Socially Responsible Investing (SRI) literature by concentrating on individual firms’ conduct and

Optimal Responsible Investment

DEFF Research Database (Denmark)

Jessen, Pernille

The paper studies retail Socially Responsible Investment and portfolio allocation. It extends conventional portfolio theory by allowing for a personal value based investment decision. When preferences for responsibility enter the framework for mean-variance analysis, it yields an optimal...... responsible investment model. An example of index investing illustrates the theory. Results show that it is crucial for the responsible investor to consider portfolio risk, expected return, and responsibility simultaneously in order to obtain an optimal portfolio. The model enables responsible investors...

Toward a theory of responsible investing : On the economic foundations of corporate social responsibility

NARCIS (Netherlands)

Dam, Lammertjan; Scholtens, Lambertus

Studies that link corporate social and financial performance usually find a positive association between the two. However, the literature does not establish a significant impact of socially responsible investing on stock market returns. We develop a coherent economic framework of responsible

Multilateral development banks and socially responsible investments--the case of tobacco.

Science.gov (United States)

Lal, Pranay

2012-12-01

Globally, tobacco kills more people than HIV-related conditions or AIDS, tuberculosis and malaria combined. In 1991, The World Bank, the world's largest lender, pledged that it would no longer support tobacco-related projects. It was expected that other financial investors would follow, but most did not respond to this call. As a result, several financial institutions continue to invest in tobacco and fuel an epidemic to an unprecedented scale. Using tobacco as a case in point, this review highlights the continuing investments among financial institutions which do not conform to 'socially responsible investments' and calls for monitoring and reporting such unethical practices. The paper also underscores the need to harmonise the numerous criteria, principles and voluntary codes that govern socially responsible investing and ensure that financial institutions comply with them.

The Relationship Between Oil and Gas Industry Investment in Alternative Energy and Corporate Social Responsibility

Science.gov (United States)

Konyushikhin, Maxim

The U.S. Energy Information Administration forecasted energy consumption in the United States to increase approximately 19% between 2006 and 2030, or about 0.7% annually. The research problem addressed in this study was that the oil and gas industry's interest in alternative energy is contrary to its current business objectives and profit goals. The purpose of the quantitative study was to explore the relationship between oil and gas industry investments in alternative energy and corporate social responsibilities. Research questions addressed the relationship between alternative energy investment and corporate social responsibility, the role of oil and gas companies in alternative energy investment, and why these companies chose to invest in alternative energy sources. Systems theory was the conceptual framework, and data were collected from a sample of 25 companies drawn from the 28,000 companies in the oil and gas industry from 2004 to 2009. Multiple regression and correlation analysis were used to answer the research questions and test hypotheses using corporate financial data and company profiles related to alternative energy investment and corporate social responsibility in terms of oil and gas industry financial support of programs that serve the greater social good. Results indicated significant relationships between alternative energy investment and corporate social responsibility. With an increasing global population with energy requirements in excess of what is available using traditional means, the industry should increase investment in alternative sources. The research results may promote positive social change by increasing public awareness regarding the degree to which oil and gas companies invest in developing alternative energy sources, which might, in turn, inspire public pressure on companies in the oil and gas industry to pursue use of alternative energy.

When Do Firms Invest in Corporate Social Responsibility? : A Real Option Framework

NARCIS (Netherlands)

Cassimon, D.; Engelen, P.J.; Liedekerke, L.

2014-01-01

In this paper, the process for firms to decide whether or not to invest in corporate social responsibility is treated from a real option perspective. We extend the Husted (2005) framework with an important extra parameter that allows us to understand the timing of CSR investment and explain why some

Development of Investment Strategy Applying Corporate Social Responsibility

Directory of Open Access Journals (Sweden)

Jekaterina Kuzmina

2017-12-01

Full Text Available Purpose of the article: Due to globalization processes and technological development, companies are having more influence on global society than ever. Therefore, business misconduct causes enormous harm to stakeholders, whereas ethical behavior is becoming an important issue. The goal of the following study is to verify and measure a positive effect from investments in social activities on financial attractiveness of companies in the form of its stock portfolio value growth. Methodology/methods: In order to achieve the goal of the research, quantitative analysis is used by comparing performance of stock portfolio of companies having long-term investments in social activities with market index increment. The quantitative results are accompanied with the review of corporate social responsibility definition and some practical issues on governmental and corporation level. Scientific aim: The conducted research contributes both to the scientific discussion about development of appropriate investment strategy in companies applying CSR principles as well as to the discussion of related terminology used in the field. Findings: The research has shown that engagement in the CSR activities tends to have strong positive effect on companies’ financial results and investors’ financial performance. The research proves this fact by comparing value increment of CSR-portfolio (+35.99% gained from January 2015 to March 2017 with market index (+22.37% in the same period. Conclusions: Regardless the positive result achieved in the study the authors have determined several gaps in the research, which will be discussed in the further studies on the field.

Earning capacity of environmentally friendly companies and social responsible investing

International Nuclear Information System (INIS)

Bjerk, Jan

2002-01-01

Firms on Dow Jones Sustainability Index yield over time the same return as the ''ordinary'' firms on the Dow Jones World Stock Index. There are several investment funds today that deal in shares with selected companies having a high environmental or ethical profile. This is Social Responsible Investing (SRI). When the Norwegian company Storebrand Kapitalforvaltning selects companies for SRI, they exclude immediately nuclear power stations, tobacco factories and manufacturers of land mines. In addition to the same return on invested capital, both investors and society get an environmental profit. The firms analysed and selected by Storebrand for SRI contributes significantly less negative environmental effects than the other firms, typically 33% less to the global heating and have on average 53% less toxic emissions and 45% less water consumption

The Impact of Corporate Social Responsibility on the Investment Attractiveness of the Russian Companies

Directory of Open Access Journals (Sweden)

Natalia Removna Kelchevskaya

2017-03-01

Full Text Available Investigation of the impact of corporate social responsibility (CSR and environmental responsibility on the economic performance over the past decades has shown that the implementation of CSR is one of the key drivers of value creation. Disclosure of social policy is one of the key CSR areas, it reduces information asymmetry and also contributes to the company’s reputation, decreasing uncertainty and risk in the assessment of the internal environment. This study shows that the disclosure of CSR information is able to increase the investment attractiveness of companies, and reduce the cost of equity. In the last decade, Russian industry has accumulated considerable positive experience in the implementing and positioning of corporate social responsibility (CSR technologies, which has yet to be assessed. In this paper, we used the sample of social reports of 18 Russian companies in the period from 2004 to 2014. The authors provided content-analysis of information disclosure dimensions including staff training, social policy, charity and environmental responsibility. In contrast to other studies, the results show a comparatively moderate impact of disclosure on the cost of equity capital. Also, we found that different dimensions of the disclosure have an ambiguous impact on the investment attractiveness of companies. Our results allow formulating practical recommendations for the management of metallurgical, oil and gas Russian companies to increase their investment attractiveness, in particular, a prudent choice of CSR information for disclosure. The study is unique for the Russian practice of evaluating the effectiveness of CSR, as it is based on a sample of the largest industrial enterprises

From SRI to ESG: The Changing World of Responsible Investing

Science.gov (United States)

Caplan, Lauren; Griswold, John S.; Jarvis, William F.

2013-01-01

Thoughtful investment professionals continue to debate whether a portfolio's long-term performance can be enhanced by including environmental, social, and governance (ESG) considerations in the security selection process, but responsible investing is more than a passing trend. The terms socially-responsible investing, mission-related investing,…

Exposure to socially responsible investing of mutual funds in the Euronext stock markets

NARCIS (Netherlands)

Plantinga, Auke; Scholtens, Bert; Brunia, Nanne

2002-01-01

This paper analyses fund management and exposure on the Euronext stock exchanges. Especially, we investigate to what extent mutual funds are engaged in socially responsible investing (SRI). In order to accomplish this goal, we use regression analysis to measure the exposure of mutual funds to stock

Relating corporate social investment with financial performance

OpenAIRE

Kgabo L. Kobo; Collins C. Ngwakwe

2017-01-01

Previous researchers have found conflicting results between CSI and firm financial performance. This paper moves this debate further by examining the extent to which corporate social investment (CSI) relates with corporate financial performance (CFP) from a developing country perspective. The main aim of the paper was to determine the relationship between CSI, stock price, sales turnover and return on equity (ROE) amongst the socially responsible investing (SRI) companies in the Johannesburg ...

Socially responsible investing and management style of mutual funds in the euronext stock markets

NARCIS (Netherlands)

Plantinga, Auke; Scholtens, Bert

2001-01-01

This paper analyses fund management styles on the Euronext stock exchanges. Especially, we investigate how social responsibility is accounted for. We use style analysis to assess fund performance in Belgium, France, and the Netherlands for over 800 investment funds during the 1990s. We find

Social Impact Investment: Increasing Private Sector Investment to ...

International Development Research Centre (IDRC) Digital Library (Canada)

The social impact investment market is now global in scope and it is rapidly expanding in some ... of social impact investing to address environmental, social, and economic challenges. ... New project to improve water management in the Sahel.

The Social Investment in Social Capital

Directory of Open Access Journals (Sweden)

Gritsaenko Galina I.

2018-01-01

Full Text Available The article is aimed at defining the essence of social investment, substantiating the levels of their implementation, and identifying the mechanisms of influence on social capital. The dynamics of the level of trust in the Ukrainian society is analyzed, on the basis of which the conclusion about the crisis of complete personal and institutional distrust, as well as the necessity of systematic work on the formation of social capital, has been made. The essence of social investments as such, which are directed on development of objects of social environment, including human and social capitals, has been defined. It has been suggested to study social investment on the nano-, micro-, meso-, macro- and mega-levels. The relevant investors and beneficiaries, as well as possible directions of their activity activation, are considered. Prospect for further scientific researches should be development of mechanism for efficient interaction of international organizations, governmental structures, representatives of business and civil society as a whole with the purpose of formation of strategy of social investment, which would facilitate the implementation of structural reforms and ensure the sustainable development of Ukraine.

RUSSIAN “PYRAMID” AS A TOOL TO EVALUATE SOCIAL INVESTMENTS

OpenAIRE

Votchenko, E.S.

2016-01-01

The purpose of this research is to analyze the modern trends and today’s development stage of social investments and corporate social responsibility (CSR) in Russia. The core of the corporate interactions are social investments that are formed around the image and reputation of a modern business. It means for the Russian business community the extension of the ranges of tools and responses to calls by the authorities and society, provides a unique opportunity to build partnerships with the eq...

Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report into Perspective

OpenAIRE

Sandberg, Joakim

2010-01-01

A critical issue for the future growth and impact of socially responsible investment (SRI) is whether institutional investors are legally permitted to engage in it – in particular whether it is compatible with the fiduciary duties of trustees. An ambitious report from the United Nations Environment Programme’s Finance Initiative (UNEP FI), commonly referred to as the ‘Freshfields report’, has recently given rise to considerable optimism on this issue among proponents of SRI. The present paper...

77 FR 18277 - Domini Social Investment Trust and Domini Social Investments LLC; Notice of Application

Science.gov (United States)

2012-03-27

... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 29984; 812-13971] Domini Social Investment Trust and Domini Social Investments LLC; Notice of Application March 21, 2012. AGENCY... the Investment Company Act of 1940 (``Act'') for an exemption from section 15(a) of the Act and rule...

A framework for social investment strategies

DEFF Research Database (Denmark)

Kvist, Jon

2015-01-01

and multidimensional nature of social issues and social investments. Theoretically, this article establishes such a framework consisting of generational, life course and gender perspectives on social investments. The generational perspective brings out that social investments involve horizontal redistribution......, underpin the productive and reproductive social contract between generations, and the increased diversity within generations. The life course perspective demonstrates how social issues and social investments in one life stage depend on the situation in prior life stages and affect the situation in later...... life stages and, possibly, in multiple dimensions. The gender perspective shows how social investments can improve economic and social returns when gender and ageing over the life course are taken into consideration. Empirically, cross-national patterns indicate a positive relation between social...

Responsible investing : New insights into performance and tastes

NARCIS (Netherlands)

Borgers, A.C.T.

2014-01-01

In this dissertation I study several financial aspects of socially responsible investing (SRI). It has become relevant due to the rise in assets under management with some form of social responsibility mandate over the past decades. SRI knows different dimensions; investors can (under-) overweight

Corporate Social Responsibility as a Strategic Means to Attract Foreign Investment: Evidence from Korea

Directory of Open Access Journals (Sweden)

Juil Lee

2017-11-01

Full Text Available This study examines how foreign investment can be driven by corporate social responsibility (CSR. By specifying the underlying mechanism of foreign investors’ stock picking behavior, we argue that CSR can attract foreign investment. Given that CSR actions are taken to meet various needs of its stakeholders, the host firm can convey a reliable signal to foreign investors as well as the stakeholders. As such, foreign investments can be increased in the host firm. This idea is examined in a sample of Korean firms. We hypothesize that Korean firms, as host firms, will have more foreign investments, instantiated by foreign ownership, if they are more actively engaged in CSR. To test this argument, we collected a panel dataset of the Korea Economic Justice Institute (KEJI Index between 2004 and 2009 to measure CSR performance of the firm. We estimated foreign ownership with respect to CSR performance. As a result, we found a positive effect of CSR performance on foreign ownership. Given the importance of foreign investment in host countries, this study opens an avenue that can account for foreign investors’ stock-picking behavior.

Social Investment in Times of Crisis

DEFF Research Database (Denmark)

Prandini, Riccardo; Orlandini, Matteo; Guerra, Alice

The purpose of this report is to analyse and understand whether and how, in the last twenty years, the EU member countries have adopted welfare systems which incorporate aspects of social investment. The quantitative and comparative study is focused on social investment strategies across 28...... European member states. The aim is to map out and explore the effectiveness of different social investment strategies. An overview of macro-level welfare performance indicators consist of a review of available macro-indicators to assess welfare performance in the light of social investment decisions....

Financial Performance, Costs, and Active Management of U.S. Socially Responsible Investment Funds

NARCIS (Netherlands)

Chen, Jimmy; Scholtens, Bert

2016-01-01

Responsible investors, like regular investors, need to investigate whether to actively or passively manage their investments. This especial is of interest for responsible investing as it requires additional information generation and processing compared to more conventional investing. This study

Financial Performance of Socially Responsible Indices

Directory of Open Access Journals (Sweden)

Śliwiński Paweł

2017-03-01

Full Text Available This article analyzes rate-of-return and risk related to investments in socially responsible and conventional country indices. The socially responsible indices are the DJSI Korea, DJSI US and Respect Index, and the corresponding conventional country indices are the Korea Stock Exchange Composite KOSPI, Dow Jones Industrial Average and WIG20TR. We conclude that investing in the analyzed SRI indices do not yield systematically better results than investing in the respective conventional indices, both in terms of neoclassical risk and return rate.

How to invest in social capital.

Science.gov (United States)

Prusak, L; Cohen, D

2001-06-01

Business runs better when people within a company have close ties and trust one another. But the relationships that make organizations work effectively are under assault for several reasons. Building such "social capital" is difficult in volatile times. Disruptive technologies spawn new markets daily, and organizations respond with constantly changing structures. The problem is worsened by the virtuality of many of today's workplaces, with employees working off-site or on their own. What's more, few managers know how to invest in such social capital. The authors describe how managers can help their organizations thrive by making effective investments in social capital. For instance, companies that value social capital demonstrate a commitment to retention as a way of limiting workplace volatility. The authors cite SAS's extensive efforts to signal to employees that it sees them as human beings, not just workers. Managers can build trust by showing trust themselves, as well as by rewarding trust and sending clear signals to employees. They can foster cooperation by giving employees a common sense of purpose through good strategic communication and inspirational leadership. Johnson & Johnson's well-known credo, which says the company's first responsibility is to the people who use its products, has helped the company in time of adversity, as in 1982 when cyanide in Tylenol capsules killed seven people. Other methods of fostering cooperation include rewarding the behavior with cash and establishing rules that get people into the habit of cooperating. Social capital, once a given in organizations, is now rare and endangered. By investing in it, companies will be better positioned to seize the opportunities in today's volatile, virtual business environment.

Using of CBA Method for Evaluation of the Investments in the Link with Social Responsible Business

Science.gov (United States)

Mrvová, Ľubica; Vaňová, Jaromíra

2012-12-01

The paper presents knowledge from the area of economic efficiency assessment of the environmental investments, in the link with environmental management with context of social responsible business and their mutual connection, on the base of CBA method. CBA method creates basis for the software CBA1.1, which was created for the needs of business practise for the small and medium enterprises in the Slovak Republic.

How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research

Directory of Open Access Journals (Sweden)

Matthias Georg Will

2014-07-01

Full Text Available This paper takes both a conceptual and an empirical approach to answer the question as to how Corporate Social Responsibility (CSR can be connected to the company’s role as an agent of social value creation when it operates within an imperfect institutional framework of market competition. To develop a functional design for an empirical study, we draw on the concept of ordonomics, which provides a heuristics for responsible business activities in society. Drawing on ordonomics, we devise three questions: Referring to action responsibility we ask in which CSR activities companies do invest in their day-to-day business. Referring to governance responsibility we ask as to how companies realize win-win solutions through strategic commitments. In addition, with regard to discourse responsibility we ask in which stakeholder dialogues companies engage in order to discuss and find functional rules for organizing win-win solutions. In our empirical study, we reveal insights into the micro-level analysis of the CSP-CFP link and generate several new questions to be the subject of future research.

A case of social investment: Uere and Phillips Petroleum do Brasil Projects

Energy Technology Data Exchange (ETDEWEB)

Medeiros, Daniella dos Santos; Fryklund, Robert Eugene [Phillips Petroleum do Brasil Ltda., Rio de Janeiro, RJ (Brazil); Mello, Yvonne Bezerra de [Projeto Uere, Rio de Janeiro, RJ (Brazil)

2004-07-01

CONOCOPHILLIPS views Social Investment as an important element of contributing to social progress and achieving its view of Sustainable Growth. According to CONOCOPHILLIPS a company's ability to grow depends not only on its business successes but also on its reputation as a corporate citizen. This reputation is built largely by responsible civic actions, social investment and environmental stewardship. The company invests in programs that provide sustainable community development, benefit the stakeholders, are aligned with its strategic business objectives, and are consistent with its core values. CONOCOPHILLIPS recognizes that the most effective corporate social investment is achieved by pro actively identifying the key community needs and by entering into strategic partnerships with agencies and organizations that serve good causes. In Rio de Janeiro, Phillips Petroleum do Brasil, a subsidiary of CONOCOPHILLIPS, has been working with Projeto Uere, a non-profit non-governmental organization (NGO) that runs an educational program for children living under social risk in Favela da Mare. Projeto Uere performs preventive work, helping children overcome their learning and social difficulties. The Projeto Uere case study results will highlight the application of some of CONOCOPHILLIPS social investment policies and strategies used to select and evaluate partnership projects in Brazil. (author)

A model based on Copula Theory for sustainable and social responsible investments

Directory of Open Access Journals (Sweden)

Amelia Bilbao-Terol

2016-01-01

Full Text Available In this paper, a model is proposed that allows us to obtain a portfolio made up of sustainable and socially responsible (SR investment funds. This portfolio tracks the one that investors might have chosen if they had not taken into account social, ethical and ecological (SEE issues in their investment decisions. Therefore, in the first stage, reference portfolio exclusively made up of conventional funds is obtained. For the construction of the conventional portfolio the Prospect Theory has been used: net profits as the financial objective and error function as the utility function. In the second stage, a portfolio consisting exclusively of SR-funds is built. To do so, the reference portfolio is used as an ideal point, with the objectives of the SR-investor being the relative wealth with respect to the reference portfolio and the SEE quality of the portfolio. The relative wealth will be manipulated by a downside-risk measure, the Conditional Value at Risk (CVaR, and the periodic values of the portfolio. The second objective is the SR Quality of the portfolio, taking into account the personal values of a particular investor. This is built using Fuzzy Set Theory tools. We are faced with a multi-objective problem which is solved by using Goal Programming methodology. The estimation of both conventional and SR markets has been carried out by a semi-parametric approach by using the Copula Theory for modeling the dependence structure of the assets’ returns. The approach has been applied to a set of 38 conventional and 12 ethical funds domiciled in Spain.

Applying Sustainability and Responsible Investment on Islamic Equity Investment: An Analysis of FTSE Shariah and FTSE4GOOD Indices

OpenAIRE

Rizki, Reza

2015-01-01

2015 dissertation for MSc Islamic Banking and Finance. Selected by academic staff as a good example of a masters level dissertation. \\ud \\ud Shariah-compliant Investment and Sustainability Responsible Investment (SRI) are the slternative asset classes and they are growing rapidly leaving their counterparts behind. Nonetheless, there are some criticisms against the screening criteria which are applied by Islamic equity investment because they exclude the environment, social and human rights is...

Earning capacity of environmentally friendly companies and social responsible investing; Miljoevennlige bedrifter gir like hoey avkastning som andre

Energy Technology Data Exchange (ETDEWEB)

Bjerk, Jan

2002-07-01

Firms on Dow Jones Sustainability Index yield over time the same return as the ''ordinary'' firms on the Dow Jones World Stock Index. There are several investment funds today that deal in shares with selected companies having a high environmental or ethical profile. This is Social Responsible Investing (SRI). When the Norwegian company Storebrand Kapitalforvaltning selects companies for SRI, they exclude immediately nuclear power stations, tobacco factories and manufacturers of land mines. In addition to the same return on invested capital, both investors and society get an environmental profit. The firms analysed and selected by Storebrand for SRI contributes significantly less negative environmental effects than the other firms, typically 33% less to the global heating and have on average 53% less toxic emissions and 45% less water consumption.

Earning capacity of environmentally friendly companies and social responsible investing; Miljoevennlige bedrifter gir like hoey avkastning som andre

Energy Technology Data Exchange (ETDEWEB)

Bjerk, Jan

2002-07-01

Firms on Dow Jones Sustainability Index yield over time the same return as the ''ordinary'' firms on the Dow Jones World Stock Index. There are several investment funds today that deal in shares with selected companies having a high environmental or ethical profile. This is Social Responsible Investing (SRI). When the Norwegian company Storebrand Kapitalforvaltning selects companies for SRI, they exclude immediately nuclear power stations, tobacco factories and manufacturers of land mines. In addition to the same return on invested capital, both investors and society get an environmental profit. The firms analysed and selected by Storebrand for SRI contributes significantly less negative environmental effects than the other firms, typically 33% less to the global heating and have on average 53% less toxic emissions and 45% less water consumption.

Responsabilidade social e investimento social privado: entre o discurso e a evidenciação Social responsibility and private social investment: between discourse and disclosure

Directory of Open Access Journals (Sweden)

Marco Antonio Figueiredo Milani Filho

2008-08-01

Full Text Available Esta pesquisa objetivou investigar se as empresas que se declaram socialmente responsáveis divulgam informações financeiras específicas sobre os recursos gastos em benefício público (investimento social privado e, também, verificar se há diferença significativa da dimensão desses gastos entre empresas cujos produtos estão associados a externalidades negativas e as organizações participantes do Índice de Sustentabilidade Empresarial (ISE da Bolsa de Valores de São Paulo (Bovespa. A amostra foi formada por 52 empresas, segregando-se em: 34 organizações participantes do ISE e 18 empresas das indústrias de fumo, bebidas alcoólicas e armas. Os dados foram obtidos dos relatórios anuais dos exercícios de 2005 e 2004, páginas eletrônicas e balanços sociais das respectivas empresas, do banco de dados eletrônicos da Bovespa e, ainda, de questionários enviados aos gestores cujas empresas não explicitavam, publicamente, seus projetos sociais. Os resultados apontaram que nem todas as organizações que declaram realizar investimentos sociais evidenciam tal fato. Na amostra, 11,8% das entidades componentes do ISE e 72,2% das organizações vinculadas a externalidades negativas, não divulgam informações financeiras sobre o valor de gastos sociais, gerando dúvidas sobre a existência ou a dimensão dos investimentos à comunidade. As duas únicas empresas de fumo (CTA Continental e Souza Cruz que evidenciam informações, entretanto, destacam-se por apresentarem média de investimentos sociais maiores do que a das empresas do ISE, indicando que há incentivos específicos para tal comportamento.This study aims to investigate if companies that declare themselves socially responsible divulge specific financial information on resources spent in public benefit (private social investment and, also, if the dimension of these expenses is significantly different between companies whose products are associated to negative externalities and

Social investment in the globalising learning economy

DEFF Research Database (Denmark)

Lundvall, Bengt-Åke; Lorenz, Edward

2011-01-01

This paper demonstrates the importance of social investment and egalitarian distribution policy for reproducing the basis of a learning economy.......This paper demonstrates the importance of social investment and egalitarian distribution policy for reproducing the basis of a learning economy....

The Fundamentals of a Business Model Based on Responsible Investments

Directory of Open Access Journals (Sweden)

Vadim Dumitrascu

2016-03-01

Full Text Available The harmonization of profitability and social responsibility is possible under the adoption and practice conditions by the companies of some adequate business models. “Responsible profitability” must benefit as well of management tools that guide the business sequentially, based on some objective decision making criteria towards sustainable economic behaviors. The simultaneous increase of the specific economic over-value generated by social responsible investment (SRI project and responsible intensity of economic employment reflects the company’s strong subscription to the authentic sustainable development path.

Personnel development as component of business social responsibility

Directory of Open Access Journals (Sweden)

Vlasova T.

2013-06-01

Full Text Available Essence of social responsibility of business has been determined in the article on the basis of existent scientific approaches. It has been educed that in the present conditions the entrepreneurship functions should be complemented by a social function. In a market economy entrepreneurial activity is indissolubly related to the concept of responsibility (to the country, society and partners. Nature of social investment has been substantiated in the article, the difference between charity and social investing carried out by the company through the implementation of internal and external social programs has been shown.

SOCIAL RESPONSABILITY OF INSURANCE COMPANIES

Directory of Open Access Journals (Sweden)

MĂRĂCINE MIHAELA SIMONA

2013-06-01

Full Text Available The role of corporate social responsibility has increased significantly nowadays. The studies conducted have shown that consumers are increasingly no longer interested only in buying good quality and reliable products, but they are also interested whether they were produced in a socially responsible manner. In the recent years investors have increasingly realised that investing in social responsibility regarding the social and environmental areas, greatly contributes to the growth of the internal and external image of management. This paper aims at presenting a number of interesting issues related to social responsibility manifested by the insurance companies.

Social Investment after Neoliberalism: Policy Paradigms and Political Platforms.

Science.gov (United States)

Deeming, Christopher; Smyth, Paul

2015-04-01

The concept of the 'social investment state' refocuses attention on the productive function of social policy eclipsed for some time by the emphasis on its social protection or compensation roles. Here we distinguish between different social investment strategies, the Nordic 'heavy' and the Liberal 'light', with particular reference to the inclusive growth approach adopted in Australia. In 2007, social democrats in Australia returned to government with a clear mandate to reject the labour market deregulation and other neoliberal policies of its predecessor, and to tackle entrenched social and economic disadvantage in Australian society. For the last five years, social investment and inclusive growth has been at the centre of the Australian social policy agenda. Against this background, the article examines and critically assesses the (re)turn to 'social investment' thinking in Australia during Labor's term in office (2007-13). Analysis focuses not just on what was actually achieved, but also on the constraining role of prevailing economic and political circumstances and on the processes that were used to drive social investment reform. In many ways, the article goes some way to exposing ongoing tensions surrounding the distinctiveness of 'social investment' strategies pursued by leftist parties within the (neo)liberal state.

Socially responsible investments

CERN Multimedia

Antonella Del Rosso

2012-01-01

In addition to well-established working principles based on conservative and capital preservation oriented investments that ensure it a sustainable future, the CERN Pension Fund recently introduced a new criterion for selecting the numerous opportunities that the market offers: philanthropy. Its first initiative, which also involves the Staff Association’s Long-Term Collection, will help support two orphanages in China.   The two charities are located near Beijing. Beijing’s “China Children Charity and Foundation” is an orphanage that cares for up to 80 babies who need surgery to correct birth defects. The other, “Hope Healing Home”, is an organization that deals with 300 babies and cares for sick and physically disabled babies who have been abandoned. All these babies are awaiting treatment and a medical solution. The CERN Pension Fund has over 6700 members. To ensure the greatest efficiency and profitability, the Fund’s por...

Indicators of responsible investing

NARCIS (Netherlands)

Scholtens, Bert

Responsible investment has witnessed significant changes in the past decade. It is estimated that about one fifth of assets under management in the US and about half of all assets under management in the EU are done on the basis of one of the seven responsible investment strategies. This paper

Responsible Investment: Taxes and Paradoxes

Directory of Open Access Journals (Sweden)

Knuutinen Reijo

2017-12-01

Full Text Available Taxes have become an issue of corporate social responsibility (CSR, but the role of taxation is to some extent an ambiguous and controversial issue in the CSR framework. Similarly, another unclear question is what role investors who are committed to sustainable and responsible investment (SRI see taxes as having on their environmental, social, and governance (ESG agenda. Corporate taxes have an inverse relationship with the return of the investors: taxes paid directly affect what is left on the bottom line, reducing the return of investors. However, investors are now more aware of tax-related risks, which can include different forms of reputation risk. Corporate tax planning may increase the returns, but those increased returns are riskier. This study focuses particularly on the relationship between SRI and taxation. We find that tax matters are considered to be on the ESG agenda, but their role and significance in the ESG analysis is unclear.

Performance of Socially Responsible Stocks Portfolios – The Impact of Global Financial Crisis

Directory of Open Access Journals (Sweden)

Vanita Tripathi

2016-01-01

Full Text Available For the effective and better implementation of CSR law, development of SRI market in the investment world is essential. Unless the investors turn socially responsible, CSR principles cannot be enforced in practice. This paper examines whether the companies that are socially responsible are performing better than general companies in terms of risk, return and various risk-adjusted measures during pre-crisis, crisis and post-crisis periods. We find that despite having higher risk, socially responsible stocks portfolios generated significantly higher returns and hence outperformed other portfolios on the basis of all risk-adjusted measures, as well as net selectivity returns during crisis period. The results uphold even with the use of Fama-French three factor model for estimating excess returns. Besides augmenting existing literature, our results clearly corroborate the fact that investors can derive benefits by investing in socially responsible companies (especially in crisis period. The study supports the view that socially responsible products can be used as a safe investment vehicle by investors during adversity. Therefore, regulators, policy makers and mutual funds should construct and make available various socially responsible investment products to initiate the movement of socially responsible investing in India.

Responsible Investing in the Asia-Pacific Region: Understanding Sustainability and Investments in Japan and Hong Kong/China in an Era of Global Climate and Environmental Change

NARCIS (Netherlands)

J. Park (Jacob)

2014-01-01

markdownabstract__Abstract__ The author of this thesis examined the concept and market development of responsible investing (RI), which can be defined as an investment process that integrates social and environmental considerations within the context of traditional investment processes. RI has

Financial Crisis and Corporate Social Responsible Mutual Fund Flows

OpenAIRE

Sitikantha Parida; Zhihong Wang

2018-01-01

In this paper, we investigate investment flows into mutual funds that hold more high corporate social responsible stocks (top CSR funds) vs. mutual funds that hold more low corporate social responsible stocks (bottom CSR funds). Using a large sample of equity mutual funds spanning 2003–2012, we find that top CSR funds on average receive about 5% less investment per annum compared to the other funds; whereas bottom CSR funds receive about 5.6% more investments. These relative negative and posi...

Social Investment or Private Profit? Diverging Notions of "Investment" in Early Childhood Education and Care

Science.gov (United States)

Adamson, Elizabeth; Brennan, Deborah

2014-01-01

In recent decades, many OECD countries have adopted the notion of "social investment" to reframe traditional approaches to social welfare. Social investment strategies and policies focus on employment rather than welfare and promote public expenditure on skills and education throughout the life course, starting with early childhood…

Measuring Social Capital Investment: Scale Development and Examination of Links to Social Capital and Perceived Stress

Science.gov (United States)

Wegner, Rhiana; Gong, Jie; Fang, Xiaoyi; Kaljee, Linda

2014-01-01

Individuals with greater social capital have better health outcomes. Investment in social capital likely increases one’s own social capital, bearing great implications for disease prevention and health promotion. In this study, the authors developed and validated the Social Capital Investment Inventory (SCII). Direct effects of social capital investment on perceived stress, and indirect effects through social capital were examined. 397 Participants from Beijing and Wuhan, China completed surveys. Analyses demonstrated that the SCII has a single factor structure and strong internal consistency. Structural equation modeling showed that individuals who invested more in social capital had greater bonding social capital, and subsequently less perceived stress. Results suggest that disease prevention and health promotion programs should consider approaches to encourage social capital investment; individuals may be able to reduce stress by increasing their investment in social capital. Future research is needed to provide additional empirical support for the SCII and observed structural relationships. PMID:25648725

Political participation in European welfare states: Does social investment matter?

DEFF Research Database (Denmark)

Marx, Paul; Nguyen, Christoph

2018-01-01

The role of the welfare state has expanded beyond passive assistance and decommodificaton. In many countries, social investment policies now actively encourage (re)integration into the labour market. While the effectiveness of these policies is debated, we know even less about their broader social...... and political effects. In this contribution, we explore the impact of social investment policies on one key aspect of social life: political participation. Combining insights from social psychology with institutional analysis, we investigate the impact of three social investment policies (early childhood...... education, secondary education, active labour market policies) on two disadvantaged groups: young individuals from low-skill backgrounds; and single parents. Combining the European Social Survey with data on social investment, we find that these risk groups have reduced political efficacy and political...

The Value-Adding Potentials of Corporate Social Responsibility ...

African Journals Online (AJOL)

The increasing trend in the clamour for a more responsible business has necessitated organizations publishing their social responsibility investments. This nonfinancial form of companies' disclosure of their activities has further evolved concerns about the truth and fairness of the content of the social responsibility reports.

Shared Stakes, Distributed Investment: Socially Engaged Art and the Financialization of Social Impact

OpenAIRE

Rosamond, Emily

2016-01-01

This article examines the implications of the financialization of social impact and the emerging social impact bonds (SIBs) market for socially engaged art practices. How do SIBs, which allow for investment in social impact metrics, shift the broader contexts through which the value of social impact is understood in art discourses? In the British context, recent projects by Assemble, Open School East and others do important social work, yet echo the logic of the social investment market by ou...

PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP EARNING RESPONSE COEFFICIENT

Directory of Open Access Journals (Sweden)

MI Mitha Dwi Restuti

2012-03-01

Full Text Available Tujuan penelitian ini adalah untuk mengetahui pengaruh negatif pengungkapan Corporate Sosial Responsibility (CSR disclosure terhadap Earning Response Coefficient (ERC. Alat analisis yang digunakan dalam penelitian ini menggunakan metode analisis regresi berganda.Sampel yang digunakan adalah sebanyak 150 perusahaan yang terdaftar pada Bursa Efek Indonesia pada tahun 2010. Berdasarkan hasil penelitian ditemukan bahwa pengungkapan Corporate Social Responsibility tidak berpengaruh terhadap Earning Response Coefficient (ERC. Hal ini dapat dikatakan bahwa investor belum memperhatikan informasi-informasi sosial yang diungkapkan dalam laporan tahunan perusahaan sebagai informasi yang dapat mempengaruhi investor dalam melakukan keputusan investasi. Investor masih mengganggap informasi laba lebih bermanfaat dalam menilai perusahaan dan dianggap lebih mampu memberikan informasi untuk mendapatkan return saham yang diharapkan oleh investor dibandingkan dengan informasi sosial yang diungkapkan oleh perusahaan.The purpose of this study is to determine the negative effect of Corporate Social Responsibility disclosure (CSR disclosure of Earnings Response Coefficient (ERC. Multiple regressions were used to analyze the data. The samples were 150 companies listed on the Indonesia Stock Exchange in 2010. Based on the research, the result was the disclosures of Corporate Social Responsibility did not influence Earning Response Coefficient (ECR. It can be said that investors did not pay attention to social information that was disclosed in the company’s annual report as information that could affect investors in making investment decisions. Investor did not consider sosial information; they only consider profit information to assess the company value and their investment return

Moral Behavior in Stock Markets: Islamic finance and socially responsible investment

OpenAIRE

Pitluck, Aaron Z.

2008-01-01

This paper addresses the puzzle of why the inclusion of non-financial social justice or religious criteria by professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States stock market. Drawing from over 125 ethnographic interviews with financial workers in Malaysia, this paper argues that moral investment behavior in stock markets is shaped primarily by ‘market structure’ rather than by ‘mandates.’ In both countries man...

ESG Integration and the Investment Management Process : Fundamental Investing Reinvented

NARCIS (Netherlands)

van Duuren, Emiel; Plantinga, Auke; Scholtens, Bert

2016-01-01

We investigate how conventional asset managers account for environmental, social and governance factors (ESG) in their investment process. We do so on the basis of an international survey among fund managers. We find that many conventional managers integrate responsible investing in their investment

ECONOMIC AND SOCIAL EFFICIENCY OF PROPERTY INVESTMENTS

Directory of Open Access Journals (Sweden)

Florina Oana Virlanuta

2014-03-01

Full Text Available Investments play a key part within the goods and services industry, consumerism and community as well. The effects generated by any investment project substantiate this statement, regardless the sector of activity in which they are implemented. In the current market economy, economic efficiency indicators are playing an important role in assessing and analyzing an investment project since due to these indicators, the investor can become aware of the most important aspects they need to respond promptly. In this respect, we conducted a market analysis of real estate investments in Romania, highlighting economic and social efficiency of property investments.

ECONOMIC FEASIBILITY AND PRIORITY DIRECTIONS OF ACTIVIZATION OF SOCIAL INVESTMENTS OF THE ENTERPRISES

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O. Grishnova

2016-06-01

Full Text Available The article explores the features of social investment and estimated impact of social investment on key financial and economic indicators of the breweries. Is proved priority areas in social investment and offered to recommendation to improve social investment in the enterprises of the brewing industry in Ukraine.

Can European socio-economic governance be social investment proof

NARCIS (Netherlands)

Bekker, Sonja

2017-01-01

Chapter on the European Semester in the a book "The Uses of Social Investment", which provides the first study of the welfare state, under the new post-crisis austerity context and associated crisis management politics, to take stock of the limits and potential of social investment. It surveys the

Systematization of Instruments of Social and Economic Responsibility of Enterprises: Theoretical Aspect

Directory of Open Access Journals (Sweden)

Dielini Maryna M.

2016-11-01

Full Text Available The aim of the article is systematization of instruments for implementation of social and economic responsibility of enterprises in Ukraine and theoretical consideration of the presented instruments. The article studies basic views on instruments of social responsibility of business. It is determined which of them are more traditional, and which ones are the latest, that is up to date. Thus, the traditional ones include: philanthropy, charity, sponsorship, volunteering, patronship, monetary grants, equivalent financing. Based on the understanding of the nature of social and economic responsibility of business proposed by the author, to its instruments there can be attributed all traditional instruments, except for volunteering that does not imply obtaining funds for its activities and has only a social effect. There studied modern instruments of business social responsibility, such as social investments, socially responsible investments, social marketing, charity marketing, social programs, social entrepreneurship, social reporting and social expertise, fundraising, socially responsible approaches to doing business and supply chain management. All of them can be regarded as instruments of social and economic responsibility of business.

Financing social entrepreneurship: The role of impact investment in shaping social enterprise in Australia

NARCIS (Netherlands)

Castellas, Erin I-Ping; Ormiston, Jarrod; Findlay, Suzanne

2018-01-01

Purpose This paper aims to explore the emergence and nature of impact investment in Australia and how it is shaping the development of the social enterprise sector. Design/methodology/approach Impact investment is an emerging approach to financing social enterprises that aims to achieve blended

Financial Crisis and Corporate Social Responsible Mutual Fund Flows

Directory of Open Access Journals (Sweden)

Sitikantha Parida

2018-01-01

Full Text Available In this paper, we investigate investment flows into mutual funds that hold more high corporate social responsible stocks (top CSR funds vs. mutual funds that hold more low corporate social responsible stocks (bottom CSR funds. Using a large sample of equity mutual funds spanning 2003–2012, we find that top CSR funds on average receive about 5% less investment per annum compared to the other funds; whereas bottom CSR funds receive about 5.6% more investments. These relative negative and positive flows into the top and bottom CSR funds respectively were larger during the pre-financial crisis period (2003–2007. This trend, however, reversed during the financial crisis (2008–2009. Top CSR funds attracted about 8.7% more investments during the financial crisis compared to the pre-crisis period; whereas bottom CSR funds received about 9.8% less investment. This higher investment into the top CSR funds during the crisis seems to have disappeared during the post-crisis period (2009–2012. Additional analysis shows that the corporate social ratings of top CSR funds improved through the crisis, whereas it deteriorated for the bottom CSR funds. Our findings are consistent with the “flight to quality” phenomenon observed in financial markets during market crises, indicating that investors perceive top CSR fund investments as relatively safe or of higher quality and hence, invest more in them during financial crises.

Corporate Social Responsibility strategies adopted by Micro Finance Institutions: a case study

NARCIS (Netherlands)

Agbeko, D.; Blok, V.; Velde, van der Gerben; Omta, S.W.F.

2017-01-01

We hypothesize that, in order to improve their financial performance, Microfinance Institutions (MFI’s) should invest in social empowerment or Corporate Social Responsibility (CSR) programmes. CSR investments create opportunities to raise savings deposits and reduce default rates among debtors.

Comparison of Portfolio Selection and Performance: Shari’ah-Compliant and Socially Responsible Investment Portfolios

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Mehmet Asutay

2015-04-01

Full Text Available This study examines the effect of Islamic screening criteria on Shari’ah-compliant portfolio selection and performance compared to Socially Responsible Investment (SRI portfolio. Each portfolio constructed from 15 stocks based on FTSE 100 using data from year 1997. Mean-variance portfolio optimization is employed with some financial ratios added as constraints for the Shari’ah portfolio. Annual expected return of each portfolio from 2008 to 2013 is used to calculate Sharpe’s ratio, Treynor ratio and Jensen’s alpha as the performance measurement tools. Macroeconomic variables are assessed using ordinary least square to examine whether they influence the portfolios’ expected returns or not. The result finds that Shari’ah portfolio has a better performance than SRI from year 2008 to 2010 shown by higher value of the measurement tools. However, from 2011 to 2013, SRI portfolio has better performance than Shari’ah portfolio. 

Shared stakes, distributed investment: Socially engaged art and the financialization of social impact

Directory of Open Access Journals (Sweden)

Emily Rosamond

2016-12-01

Full Text Available This article examines the implications of the financialization of social impact and the emerging social impact bonds (SIBs market for socially engaged art practices. How do SIBs, which allow for investment in social impact metrics, shift the broader contexts through which the value of social impact is understood in art discourses? In the British context, recent projects by Assemble, Open School East and others do important social work, yet echo the logic of the social investment market by outsourcing social impact. Rather than dismissing socially engaged art initiatives as having been recuperated by financialized capitalism, I suggest the need to develop new ways of achieving a double reading of these works as they relate to – and upset the distinctions between – stakeholder and bondholder valuation.

Environmental, Social and Governance (ESG and Investment Decision in Bangladesh

Directory of Open Access Journals (Sweden)

Sayema Sultana

2018-06-01

Full Text Available As a key facet of sustainable development, environmental, social and governance (ESG discretion on stock market investment decision is gaining prevalence following the global financial crisis. ESG considers the sustainable return, risk reduction, and accountability aspects of investments. This study is an exploration of the individual stock market investors’ preferences for ESG issues and the influence that purpose of investment has on investment decision-making, by testing the investment horizon as a moderator. The theoretical background was taken from the theory of planned behavior (TPB, goal setting theory (GST, and the behavioral asset pricing model (BAPM. The study uses the sequential mix method of research, starting with an interview followed by a survey, which was conducted among individual stock market investors in Bangladesh, using simple random sampling. Structural equation modeling (SEM analysis was carried out using Warp PLS version 6.0. The key findings of this study delineate the effect of ESG issues and the purpose of investment on investment decision-making. The contribution of the study signifies the moderating role of the investment horizon, which confirms the importance of the long-term horizon as a time and risk diversification factor. The sparse utilization of the United Nations Global Compact (UNGC (2004 and Thomson Reuters Corporate Responsibility Index (TRCRI (2013 as measurement scales in this study is mentioned. This study has made practical contributions for managers, investors, and regulators.

Analysis of the relationship between social and environmental investment and inclusion of companies in corporate sustainability index of BM&FBOVESPA

Directory of Open Access Journals (Sweden)

Márcio André Veras Machado

2012-04-01

Full Text Available DOI: http://dx.doi.org/10.5007/2175-8077.2012v14n32p141 This paper aims to investigate the relationship between social and environmental investments and the inclusion of companies in the Corporate Sustainability Index of BM&FBOVESPA, by applying logistic regression. For this, we analyzed information relating to internal and external social and environmental investments, from the social balance of companies.The sample consisted of companies eligible for inclusion in the portfolio ISE in the period of December 2009 to December 2010. According to the results, we can conclude that there is a relationship between environmental investments and entry of firms in the portfolio ISE of BM&FBOVESPA, showing that investment made and evidenced in social and environmental issues is a sign of real commitment to social responsibility and sustainability and not simply a form of accountability of the funds invested. As the variables used, internal social investment (II, External (IE and environmental (IA, we found that IE is the best proxy to explain this relationship. In other words, the results suggest that companies that invest resources in favor of community, either voluntarily or through taxes, which is or should be a resource applied in society, has more chances of entering the ISE portfolio composition.

Social Responsibility of Business: Strategy and Innovations

Directory of Open Access Journals (Sweden)

G. N. Illina

2014-01-01

Full Text Available In this article social practicians of large Russian corporations, conditions of creation of social strategy by them are analyzed. The ambiguous treatment of the corporate social responsibility (CSR of subjects of interaction in system "business-society-state', a big range of economic, social, cultural problems which corporations need to consider at adoption of business solutions, is the soil for the conflict of interests and limits possibilities of development of business. New trends in practice of CSR of the Russian corporations concern change of character and essence of their social activity that reflects more adequate level of reflexivity business community of requirements of the changed society. Dynamics in approach of the Russian corporations to a choice of spheres of application of social investments, change of motivation of social and responsible behavior and interaction forms with authorities, public groups and movements is revealed. The most effective, from the point of view of business, model of interaction of business and the state is joint definition of priorities of social policy and those areas in which business can take active part. Large corporations start acting as initiators of dialogue and partner interaction with representatives of authorities and local communities, there are the social innovations initiated by business community and directed on increase of efficiency of social investments, development of social partnership and social business.

Review of social issues for large-scale land investment in Zambia

OpenAIRE

Henley, Giles

2017-01-01

Given unsuccessful experiences to date in establishing large-scale investments for biofuels in Zambia, this paper explores the social constraints that may hinder future efforts to use the same models. The author reviews the legal framework that has guided the establishment of most agricultural investments to date (including investment in biofuels), and analyses some of the issues and social repercussions associated with them, through a review of existing case studies. He also explores through...

Risk profiles and corporate social responsibility for socially disadvantaged groups

Directory of Open Access Journals (Sweden)

Serbanescu Cosmin

2017-07-01

Full Text Available Developing a suitable mechanism to stimulate the effective redeployment of capital to social activities can be designed using the corporate social responsibility (CSR concept. Informational asymmetry about the real state of social risks influences the effectiveness of allocations in social protection. Reducing information asymmetries can be achieved by providing the corporations with socially determined risk profiles based on predetermined patterns. Offering concrete lines of action following the risk profiles approach which to base investment decisions of companies in CSR can maximize the results of such a mechanism. In a previous study the authors have developed a theoretical model for determining the poverty risk profile. This study aims to present the practical application of the theoretical model and to provide comments on some errors. Hence, the authors analyzed Buzau county municipalities in presenting the highest risk level determined by the theoretical model and related causes and performed an impact assessment of an investment in CSR based on a model. Specifically, the authors evaluated the impact of reducing the risk of poverty for a suitable investment in CSR. In the second part of the study, the authors analyzed the types of errors that can be found in the municipalities risk profile model due to the granularity of the data. Thus, for the error of over-inclusion, the authors assessed social allocative efficiency at the community level using benchmarking analysis, Data Envelopment respectively and analyzed the data of the under-inclusion error in Buzau county villages. The paper aims to analyze the relative limits on quantitative models and risk of poverty and the practical implementation of these types of models in the development of corporate social responsibility. The study provides also a useful tool which can be made available to companies in order to increase the vulnerable groups’ life quality and the satisfaction of

Advancing social and economic development by investing in women's and children's health: a new Global Investment Framework.

Science.gov (United States)

Stenberg, Karin; Axelson, Henrik; Sheehan, Peter; Anderson, Ian; Gülmezoglu, A Metin; Temmerman, Marleen; Mason, Elizabeth; Friedman, Howard S; Bhutta, Zulfiqar A; Lawn, Joy E; Sweeny, Kim; Tulloch, Jim; Hansen, Peter; Chopra, Mickey; Gupta, Anuradha; Vogel, Joshua P; Ostergren, Mikael; Rasmussen, Bruce; Levin, Carol; Boyle, Colin; Kuruvilla, Shyama; Koblinsky, Marjorie; Walker, Neff; de Francisco, Andres; Novcic, Nebojsa; Presern, Carole; Jamison, Dean; Bustreo, Flavia

2014-04-12

A new Global Investment Framework for Women's and Children's Health demonstrates how investment in women's and children's health will secure high health, social, and economic returns. We costed health systems strengthening and six investment packages for: maternal and newborn health, child health, immunisation, family planning, HIV/AIDS, and malaria. Nutrition is a cross-cutting theme. We then used simulation modelling to estimate the health and socioeconomic returns of these investments. Increasing health expenditure by just $5 per person per year up to 2035 in 74 high-burden countries could yield up to nine times that value in economic and social benefits. These returns include greater gross domestic product (GDP) growth through improved productivity, and prevention of the needless deaths of 147 million children, 32 million stillbirths, and 5 million women by 2035. These gains could be achieved by an additional investment of $30 billion per year, equivalent to a 2% increase above current spending. Copyright © 2014 Elsevier Ltd. All rights reserved.

Social cues trigger differential immune investment strategies in a non-social insect, Tenebrio molitor.

Science.gov (United States)

Gallagher, Joe D; Siva-Jothy, Michael T; Evison, Sophie E F

2018-02-01

Social immunization (SI) is a horizontal transfer of immunity that protects naive hosts against infection following exposure to infected nestmates. While mainly documented in eusocial insects, non-social species also share similar ecological features which favour the development of group-level immunity. Here, we investigate SI in Tenebrio molitor by pairing naive females with a pathogen-challenged conspecific for 72 h before measuring a series of immune and fitness traits. We found no evidence for SI, as beetles who cohabited with a live pathogen-challenged conspecific were not better protected against bacterial challenge. However, exposure to a heat-killed-bacteria-challenged conspecific appeared to increase pathogen tolerance, which manifested in differential fitness investment. Our results together suggest that T. molitor do respond to immune-related cues in the social environment, despite not showing a classic immunization response as predicted. © 2018 The Author(s).

A Framework for Managing a Portfolio of Socially Responsible Investments

NARCIS (Netherlands)

W.G.P.M. Hallerbach (Winfried); H. Ning (Haikun); A.B.M. Soppe (Aloy); J. Spronk (Jaap)

2002-01-01

textabstractIn this paper we present and illustrate using real-life data a framework for managing an investment portfolio in which the investment opportunities are described in terms of a set of attributes and part of this set is intended to capture the effects on society. Here we link with the

Social responsibility in the banking sector: Experience from Serbia

Directory of Open Access Journals (Sweden)

Stojanović-Aleksić Vesna

2016-01-01

Full Text Available In this paper, we analyze the level of social responsibility, including its basic dimensions, in the banking sector in the Republic of Serbia. The main research goal is to stress the importance of the concept of corporate social responsibility (CSR and to determine the level of development of specific dimensions and aspects of corporate social responsibility in the domestic banking sector. Therefore, we provide an insight into the most developed aspects, such as responsibility to the community and customers, within the external dimensions, and those aspects that banks should pay more attention to and invest more resources in, such as internal social responsibility and CSR disclosure. Consideration of the social responsibility of banks from this perspective represents an original research approach and the derived findings are significant in many ways in both theoretical and practical terms.

Social class and parental investment in children

NARCIS (Netherlands)

Gauthier, A.H.; Scott, Robert A.; Kosslyn, Stephen M.

2015-01-01

This essay critically reviews the literature on social class differences in parental investment in children including differences in (i) parenting practices or behavior; (ii) parenting styles, logics, and strategies; and (iii) parenting values and ideologies. The essay reveals how structural and

Personality maturation around the world: a cross-cultural examination of social-investment theory.

Science.gov (United States)

Bleidorn, Wiebke; Klimstra, Theo A; Denissen, Jaap J A; Rentfrow, Peter J; Potter, Jeff; Gosling, Samuel D

2013-12-01

During early adulthood, individuals from different cultures across the world tend to become more agreeable, more conscientious, and less neurotic. Two leading theories offer different explanations for these pervasive age trends: Five-factor theory proposes that personality maturation is largely determined by genetic factors, whereas social-investment theory proposes that personality maturation in early adulthood is largely the result of normative life transitions to adult roles. In the research reported here, we conducted the first systematic cross-cultural test of these theories using data from a large Internet-based sample of young adults from 62 nations (N = 884,328). We found strong evidence for universal personality maturation from early to middle adulthood, yet there were significant cultural differences in age effects on personality traits. Consistent with social-investment theory, results showed that cultures with an earlier onset of adult-role responsibilities were marked by earlier personality maturation.

Account Managers Creation of Social Capital: Communal and Instrumental Investments and Performance Implications

NARCIS (Netherlands)

W.J.M.I. Verbeke (Willem); F.D. Belschak (Frank); S.H.K. Wuyts (Stefan); R.P. Bagozzi (Richard)

2004-01-01

textabstractAccount managers invest in two distinct, compensatory social ties to achieve social capital, namely peripheral knowledge ties and implementation support ties. The first ties require communal investments, which consist of organizational citizenship behaviors and peripheral information

The impact of socially responsible investment index constituent announcements on firm price: evidence from the JSE

Directory of Open Access Journals (Sweden)

Chimwemwe Chipeta

2012-11-01

Full Text Available This paper examines whether Socially Responsible Investment (SRI Index constituent announcements have any impact on the returns of firms listing on the JSE SRI Index. The event study methodology is utilised to estimate abnormal returns for the firms included in the Index. The results indicate insignificant average abnormal returns (AARs for the years 2004, 2006, 2007, 2008 and 2009, suggesting no significant shareholder gains over the entire event window. However, the year 2005 is associated with positive and significant abnormal returns. Post announcement cumulative average abnormal returns (CAARs are positive for the years 2005 and 2007. However, the year 2008 exhibited extreme swings in CAARs with a general declining trend in the latter part of the event window. These swings are attributed to the global financial crisis of 2008. Furthermore, the cumulative returns for the total sample show no clear outperformance of the SRI over the JSE All Share Index.

Beyond Corporate Social Responsibility : The Scope for Corporate Investment in Community Driven Development

OpenAIRE

World Bank

2006-01-01

The last decade has witnessed expanded awareness among companies, especially multinational corporations, of their responsibilities toward the communities they impact, elaborated in the concept of Corporate Social Responsibility (CSR) and allied notions such as a Social License to Operate (SLTO). CSR is the realization of business contributions to sustainable development goals. It refers to how business takes account of its economic, social and environmental impacts in the way it operates -- m...

Organic agriculture as socially responsible business

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Božić Mitar

2015-01-01

Full Text Available For decades, the modern world is faced with the need for global, shared responsibility for development, which is in accordance with the needs of people and nature. Every day, the business community is challenged to be more responsible and sustainable. There is a need for continuous work on the integration of economic, social and environmental aspects. Corporate Social Responsibility (CSR is not an additional element of business activity, but it's essential and inseparable component, which will be shown in this paper. Organic agriculture in the world is seen as a good tool for the preservation of the environment, and the concept is coherent with CSR. The system of production of organic food must be in sync with the numerous qualitative and quantitative requirements of environmental protection. Organic agriculture can represent a decisive factor in the development of Serbia, but in this area, there is a necessity for more investment, especially in education and the development of existing capacities. Game theory with its models and conclusions ought to provide sustenance to this topic in business and academic research. In this paper, game theory and its models show that investment in organic production as a socially responsible business generates value. By combining producers and processors in the group, additional economic benefits can be achieved, not only for the group, but also for the entire business in which the group operates. The paper is based on the models of Arya and Mittendorf (2006 and Goering (2012, so it represents their combination and therefore the extended version.

A Framework for Assessing the Social and Economic Impact of Sustainable Investments

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Räikkönen Minna

2016-09-01

Full Text Available Investments towards sustainable development are vital for the future and they must be carefully planned to deliver immediate and long-term benefits. Hence, the ability to communicate the forms of impact of sustainable investments to local societies, people, investors and other stakeholders can provide a competitive advantage. However, the assessments are often under pressure to demonstrate short-term effects rather than emphasise the long-term impact. In addition, indirect and intangible forms of impacts should not be measured solely in economic terms. This paper proposes an assessment framework to support the integrated economic and social impact assessment of sustainable investments aimed at improving physical and socio-economic wellbeing. The framework is demonstrated in two case studies: new construction and renovation investments in affordable housing and social impact investment in sustainable development. The investments in the case studies are evaluated, selected and prioritized not only in terms of money but also with regard to sustainability, social acceptability and their overall impact on society, as a whole. The results indicate that a systematic integrated assessment of monetary and non-monetary factors can be successfully combined with the sustainable development decisions.

Social Media Marketing as a tool for promoting the regional investment portals

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Alisa Yu. Fadeyeva

2016-01-01

Full Text Available Objective to investigate the potential of Social Media Marketing as a tool for promoting regional investment portals in the information environment to identify the most effective ways of its implementation and to determine the level of mastering of this tool by the Russian regions. Methods general scientific methods observation comparison analysis induction deduction analogy classification. Results the analysis showed that today Social Media Marketing is an essential tool for interaction with the investment community and one of the most effective ways to promote the regional portal which allows to increase the knowledge of and loyalty to the brand to increase the targeted website traffic to increase the awareness of investors about the specific features of the portal and the regional development agenciesrsquo functioning to promptly receive information about the investment environment and to establish contacts with investors. At the same time the study of SMMactivity in the Russian regions revealed a very low level of quality of communication with investors through social networks. Scientific novelty for the first time the article investigates the significance and makes the comparative analysis of the Social Media Marketing channels with regard to investment promotion agencies as well as the results of the regional structures functioning for effective communication through social networks. Practical significance the main results of the research can be used by the regional investment agencies in order to promote their websites increase the quality of communication with investors and promote the investment attractiveness of the region as a whole. nbsp

Social-and-economic mechanism of formation of favorable investment attractiveness of the region

Science.gov (United States)

Tereshkina, Tatiana; Mottaeva, Angela; Andreeva, Larisa; Larinina, Tatyana

2017-10-01

The article is devoted to the matters of investment attractiveness of regions. The factors making the regional investments possible. The authors argue, that social-and-economic development of regions is connected with the formation of the financial mechanism, representing the set of forms and methods of the organization, planning and stimulation of financial-and-economic activity in the certain social-and-economic space. The proper mechanism of formation of favorable investment attractiveness are offered. Besides, the ways of elimination of limiting factors in formation of favorable investment attractiveness are offered.

Potential Role of Social Impact Bond and Socially Responsible Investment Sukuk as Financial Tools that Can Help Address Issues of Poverty and Socio-Economic Insecurity

Directory of Open Access Journals (Sweden)

Syed Marwan Mujahid bin Syed Azman

2017-01-01

Full Text Available The purpose of this paper is to highlight the potential of Social Impact Bond (SIB and Socially Responsible Investment (SRI sukuk as financial models that can be used to help alleviate the social problem of poverty and also potentially provide economic security for the society. From the review of literature, this paper takes case studies of SIB programmes and SRI sukuk, and relates them as programmes that can be used to address the issue of poverty and economic insecurity. The paper finds that there is a growing global interest in innovative financial tools such as SIB and SRI sukuk. Furthermore, the paper explicates that SIB and SRI sukuk models embody the spirit of social responsibility, which is one of the major essence that is currently missing in the Islamic finance industry practice. This paper is conceptual and exploratory in nature. Therefore, further empirical research can be done to provide better understanding and knowledge. Findings from this paper can be used as a reference to understand the concepts and mechanisms involved in SIB and SRI sukuk models. This paper contributes to the awareness of the emerging global interest in SIB and SRI. In addition, it highlights SIB and SRI sukuks’ potential contribution towards Islamic finance. Although SIB and SRI sukuk is gaining interest worldwide, it has not caught much attention of researchers and practitioners involved with Islamic finance. Therefore, this paper offers insight towards SIB and SRI sukuk, which is relatively unknown to academics and Islamic finance industry practitioners.

The Glocalization of Responsible Investment

DEFF Research Database (Denmark)

Gond, Jean-Pascal; Boxenbaum, Eva

2013-01-01

This study investigates the institutional work that underlies the diffusion of responsible investment (RI) and enhances its adaptation to local settings. Building on institutional theory and actor–network theory, we advance the concept of contextualization work to describe the institutional work...

A Study on the Publishing of Environmental Investments in the Enterprise Sector Using the Social Balance.

Directory of Open Access Journals (Sweden)

Júlio Luiz Cadete da Silva

2015-01-01

Full Text Available In recent years the interest of the society in knowing the true investments of the companies in social responsibility and environment has been frequent. One of these examples can be observed by knowing of the Business Charter for Sustainable Development of the International Chamber of Commerce (ICC, divulged in 1991, that suggests some actions that the companies must take in order to be prepared for the new reality originated from environment issues. Being thus, the concern with the environment, boasted in all the spheres of the society, gave space to two subjects of great repercussion in internal and external environments of the organizations: the social responsibility and the concern with the environment. In this context, the demonstration that can supply stakeholders with environment information is the social balance, that has as objective to demonstrate the result of the interaction of the company with the environment. Based on the above considerations, the question which we can make is: in spite of all the persistence of society, can we say that the companies have gradually increased their investments related to environment? This subject is justified by the fact that the companies have used the applications in environment and social responsibility for marketing purposes; however, the applied values and their true involvement adding this information to their financial demonstrations can only be identified by occasion of these publications. The objective of this work was to research the number of companies which had published information of social and environmental nature, in 2005 and 2006, by means of social balance, and afterwards, to verify the behavior of the environmental pointers which were divulged in the mentioned balances and were related to production. The present work was developed by means of documentary and descriptive research and was based on the published financial demonstrations in specific media. In reply to the research

The Impact of Social Media Opinions on Innovation Investment

DEFF Research Database (Denmark)

Zhang, Wenping; Kang, Lele; Jiang, Qiqi

Social media is a valuable knowledge source for firm innovation. Extending the literature of both social media and innovation management, we examine how the valence and volume of user-generated content (UGC) from social media influence firm innovation strategies. Based on analysis of 5-year panel...... data including 886 listed firms and their relevant 6.2 million microblogs, we observed three interesting findings. First, valence of UGC from social media has a U-shaped relation with firm innovation investments. In particular, compared with neutral UGC, both negative and positive contents are found...

Social capital, trust, and firm performance: the value of corporate social responsibility during the financial crisis

OpenAIRE

Lins, K V; Servaes, H; Tamayo, A

2017-01-01

During the 2008-2009 financial crisis, firms with high social capital, measured as corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital. High-CSR firms also experienced higher profitability, growth, and sales per employee relative to low-CSR firms, and they raised more debt. This evidence suggests that the trust between the firm and both its stakeholders and investors, built through investments i...

HOW DEPRESSION AND SOCIAL MEDIA PREFERENCES AFFECT FINANCIAL INVESTMENT&GAMBLING RISK TAKING BEHAVIOURS

OpenAIRE

YALVAC HAMURCU, H. Dilek; HAMURCU, Çağrı

2017-01-01

This study mainly examines the relationship between financial investment and gambling risk-taking tendencies and depression. In addition, how financial investment and gambling risk taking attitudes and depression level change with respect to age, gender and social media preferences are also analyzed in this study. DOSPERT Scale with subscales of financial investment and gambling and Beck Depression Inventory (BDI) are used for evaluating financial investment&gambling risk-taking tende...

“GREEN” CORPORATE SOCIAL RESPONSIBILITY: TO BE OR NOT TO BE?

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Farrah Merlinda Muharam

2011-01-01

Full Text Available Environmental evolutions such as climate change hav e triggered firms’ cultural behaviour in conducting businesses. With this new a wakening consciousness, more attentions are demanded so that firms put its priority of generating profits hand in hand with sustaining the environment. While the environmental benefits are more evident to society, the economic benefits are still vague. Nonetheless, deciding investments on green technology are gettin g harder with the development of environmental regulations and polici es. Limited investment valuation methods add to the complexity. Firms are facing crossroads between profits and social responsibility. This paper sugge sts real option valuation (ROV as a solution that improve firms decision making pr ocess in choosing investments that deal with both issues: profitability and corpo rate social responsibility (CSR, focusing on climate change. ROV incorporates uncert ainties and provides flexibility thus firms are able to balance up profi tability and CSR. Based on a case study, it is hope that findings of this paper lighten the dilemma and none of firms’ objectives is sacrificed.

Sorting mutual funds with respect to process-oriented social responsibility: A FLOWSORT application

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Tim Verheyden

2014-08-01

Full Text Available We establish a robust FLOWSORT-based tool to sort mutual funds with respect to process-oriented social responsibility and recommend the use of limiting profiles with open classes. The tool provides an alternative for the limited dichotomous classification of funds, i.e. socially responsible investing (SRI versus conventional funds. By allowing for more heterogeneity in social responsibility the sorting tool is promising for scholars to improve fund performance measurements, and useful for governments to better regulate the supply of SRI products.

External immunity in ant societies: sociality and colony size do not predict investment in antimicrobials

Science.gov (United States)

Halawani, Omar; Pearson, Bria; Mathews, Stephanie; López-Uribe, Margarita M.; Dunn, Robert R.; Smith, Adrian A.

2018-01-01

Social insects live in dense groups with a high probability of disease transmission and have therefore faced strong pressures to develop defences against pathogens. For this reason, social insects have been hypothesized to invest in antimicrobial secretions as a mechanism of external immunity to prevent the spread of disease. However, empirical studies linking the evolution of sociality with increased investment in antimicrobials have been relatively few. Here we quantify the strength of antimicrobial secretions among 20 ant species that cover a broad spectrum of ant diversity and colony sizes. We extracted external compounds from ant workers to test whether they inhibited the growth of the bacterium Staphylococcus epidermidis. Because all ant species are highly social, we predicted that all species would exhibit some antimicrobial activity and that species that form the largest colonies would exhibit the strongest antimicrobial response. Our comparative approach revealed that strong surface antimicrobials are common to particular ant clades, but 40% of species exhibited no antimicrobial activity at all. We also found no correlation between antimicrobial activity and colony size. Rather than relying on antimicrobial secretions as external immunity to control pathogen spread, many ant species have probably developed alternative strategies to defend against disease pressure. PMID:29515850

Corporate social responsibility as communicational strategy

Energy Technology Data Exchange (ETDEWEB)

Moraes, Jorge C. [PETROBRAS, Rio de Janeiro, RJ (Brazil)

2009-07-01

Based on a concrete case, the negotiation of compensation and reparation for environmental damage in the state of Rio de Janeiro, this paper deals with the role of Corporate Social Responsibility (CSR) as main strategic instrument to set up a relationship among state, businesses and the civil society in the process of licensing and deploying gas pipelines. In this kind of process, a few cultural aspects, such as a social pattern based in philanthropy and paternalism, make difficult for any agreement to be reached among the stake holders. As a result, the process of licensing becomes slow and fragile. In some cases, negotiation ends up unsuccessful. This mental model coexists with an imperious need for investments in energy, leading to a hard contradiction between a traditional behavior and the surge of modern consumerism habits. Besides, local legislation and bureaucracy allow for few or no options to solve the conflict. In this context, as will be seen, CSR is a preferential way to establish fruitful dialog. By means of Corporate Social Investments (CSI), it is possible to create a common experience of local development among entrepreneurs, the state and the community, by this breaking communication barriers and providing alternatives to solve the original contradiction. (author)

The Price of Ethics : Evidence from Socially Responsible Mutual Funds

NARCIS (Netherlands)

Renneboog, L.D.R.; Ter Horst, J.R.; Zhang, C.

2007-01-01

This paper estimates the price of ethics by studying the risk-return relation in socially responsible investment (SRI) funds. Consistent with investors paying a price for ethics, SRI funds in many European and Asia-Pacific countries strongly underperform domestic benchmark portfolios by about 5% per

INNOVATIVE APPROACHES TO RESEARCH METHODOLOGY OF SOCIAL RESPONSIBILITY IN THE FIELD OF RISK MANAGEMENT

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L. Volokhova

2016-06-01

Full Text Available The paper defines the role of insurance and risk management in corporate social responsibility. Analysed some of the social problems of certain sectors of the economy and the distribution of investments by insurance companies in a socially-oriented areas of the economy. The result of the analysis show that the problem of insurance and risk management should be directed to the development of innovative insurance products that would receive specific corporate social value by real locating investments. To better study on strategic risk - management must diversify and improve the traditionally accepted methodological tools. We consider the theory of positional feedback and corresponding IRT innovative model for analysis of complex, highly-defined characteristics of this sector. In order to determine a common objective evaluation system of corporate social responsibility for all companies emphasis on practical social benefits as measuring the effectiveness and success of socially responsible activities, the benefits that the company will receive from the decision of the social project. The proposed comprehensive system of indicators based insurance, which allows you to deepen the study of social responsibility in risk management strategies. The indicator system includes the following sections: 1. Navkolyshnye environment. 2. Local government (social security community. 3. Occupational Safety. 4. Internal corporate relations. 5. Equality. 6. Product Attributes. 7. Management. 8. The interest of business. 9. Liability business. 10. Socially responsible insurance. The comparative characteristic of the efficacy of social activity of companies and assess their socio-oriented activities for the previous ten years.

Sovereign Wealth Funds and Socially Responsible Investing: Do’s and Don’ts

NARCIS (Netherlands)

Zee, van der E.L.

2012-01-01

A sovereign wealth fund (SWF) is a long-term investment fund owned by the state. The oldest is the Kuwait Investment Corporation, which was established in 1953. However, because most SWFs were established in 2004 or later, SWFs are, generally speaking, a fairly new phenomenon. Depending on the

Corporate social responsibility: a personal reflection on Clover Mama Afrika

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E. Vlok

2009-07-01

Full Text Available Although corporate social responsibility (CSR or corporate social investment (CSI, the term preferred by most South African busines-ses, has been studied from the 1950s, up to date no universally ac-cepted definition has been formulated. However, the basic concepts put forward in the definition of the World Business Council for Sustainable Development (WBCSD (2000 are generally accepted as forming the core of CSR.

75 FR 21372 - Calvert Social Investment Fund, et al.; Notice of Application

Science.gov (United States)

2010-04-23

... SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 29209; File No. 812-13718] Calvert Social Investment Fund, et al.; Notice of Application April 19, 2010. AGENCY: Securities and... Company Act of 1940 (``Act'') for an exemption from rule 12d1-2(a) under the Act. Summary of Application...

OUTWARD BRAZILIAN FOREIGN DIRECT INVESTMENT: IMPULSES AND RESPONSES

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Ronald de Oliveira Concer

2010-12-01

Full Text Available This paper models the outward foreign direct investment from Brazil series using time a series econometrics model, namely the Vector Auto Regressive (VAR model. We have drawn impulse response functions for the key relevant factors that may explain the outward foreign direct investment flows. We start with a review of the literature on the Dunning location approach to international business. We worked with a data set of quarterly observations from Q1-1995 to Q1-2010. We carried also out Granger causality tests as for determining whether international business travelling should be included as an explanatory variable in our model. Results stressed that although the strong exchange rate in Brazil is often blamed for forcing companies to invest abroad, the evidence found in the aggregate data suggests that there is not a significant relationship between the level of foreign exchange rate and the outward Brazilian foreign direct investment. Differently from previous studies, this paper uses impulse response functions to present dynamic results, thus avoiding the typical binary results “affect” or “don’t affect”, and in so doing we provide a more detailed insight into this important location factor.

OUTWARD BRAZILIAN FOREIGN DIRECT INVESTMENT: IMPULSES AND RESPONSES

Directory of Open Access Journals (Sweden)

Ronald de Oliveira Concer

2010-01-01

Full Text Available This paper models the outward foreign direct investment from Brazil series using time a series econometrics model, namely the Vector Auto Regressive (VAR model. We have drawn impulse response functions for the key relevant factors that may explain the outward foreign direct investment flows. We start with a review of the literature on the Dunning location approach to international business. We worked with a data set of quarterly observations from Q1-1995 to Q1-2010. We carried also out Granger causality tests as for determining whether international business travelling should be included as an explanatory variable in our model. Results stressed that although the strong exchange rate in Brazil is often blamed for forcing companies to invest abroad, the evidence found in the aggregate data suggests that there is not a significant relationship between the level of foreign exchange rate and the outward Brazilian foreign direct investment. Differently from previous studies, this paper uses impulse response functions to present dynamic results, thus avoiding the typical binary results “affect” or “don’t affect”, and in so doing we provide a more detailed insight into this important location factor.

Environmental investment funds. Investing into the future. Umweltfonds. Investieren in die Zukunft

Energy Technology Data Exchange (ETDEWEB)

Homolka, W [Bayerische Hypotheken- und Wechsel-Bank AG, Muenchen (Germany)

1990-01-01

The book wants to show that ecologically oriented and socially responsible investment has so far been underrated as a criterion of choice for finance decisions. Environmental investment funds offer the chance to make important investments into the future and the development of new technologies and methods of production, provided the openness of their claim is appreciated which is to go for anything that will improve our environment. Such confidence in the positive forces of the market is adequately rewarded, as international examples show. Environmental investment funds are a form of finance management for far-sighted investors and who are committed to the environment. The author presents the bases of ethic-ecologically oriented fund investment, reports experience abroad, and gives a current overview of the situation, nationally and internationally, in this sector of the finance market. (orig./HSCH).

Corporate Decision Making and SocioEnvironmental Investments In Brazil: An Analysis Based On Social Audits

Directory of Open Access Journals (Sweden)

André Luiz Bufoni

2012-06-01

indicate a significant correlation between the amount of environmental investments and variables such as age, level of education, professional training of employees and profit-sharing policies. However, no significant correlation between environmental investments and profitability was found. The analysis revealed a linkage between decisions to invest in the environment and social investments outside the firm.

Effect of Entry into Socially Responsible Investment Index on Cost of Equity and Firm Value

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Kijung Eom

2017-04-01

Full Text Available The purpose of this study was to identify the effect of a company’s incorporation into the Socially Responsible Investment (SRI index on its cost of equity (COE and corporate value. The study collected and analyzed data about the four-year long changes of the component stocks of the Korea Exchange (KRX SRI index from September 2010 to September 2013 to verify the correlation between the incorporation of the SRI index and the cost of equity or corporate value by using the Price-Earnings Growth (PEG, Modified PEG (MPEG and Gode and Mohanram (GM models for estimation of the implied costs of equity capital, as well as Tobin’s Q ratio. The analysis results failed to show any significant relation between the incorporation of the SRI index and the cost of equity capital. Also, no statistically significant correlation between the incorporation of the SRI index and corporate value was observed. However, at an early phase of introduction of the SRI index, the included companies revealed a negative correlation with the cost of equity. However, after changing the listed stocks, they showed a positive correlation with the cost of equity capital. All in all, this can be ascribed to a mixed presence of optimistic and pessimistic investors about CSR activities, or there is a possibility that the KRX SRI index might not correctly reflect the CSR activities of companies.

Pengaruh Dimensi Pengungkapan Corporate Social Responsibility Terhadap Future Institutional Ownership

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Rizky Eriandani

2016-06-01

Full Text Available Corporate social responsibility practice becomes important subject in company`s activity, because it will affect the company's reputation. Besides, institutional investors likely prefer to invest in companies that have a social responsibility as it is considered to increase the legitimacy and future performance. This study aims to investigate the effect of CSR disclosure on institutional ownership. We use percentages ownership to measure institutional ownership. CSR measurement instrument used in this study adopted a previous research. The instrument comes from research Hackston and Milne, which was adjusted with Bapepam regulation in Indonesia. We also divided CSR disclosures in four sub-dimensions. The samples used in this research were 115 listed agriculture, mining, and manufacturing companies in indonesian Stock Exchange which studied during the years of 2010. Using SPSS 20, The analysis methods of this research used multiple regression analysis. Studies shows that not all dimensions of CSR disclosure effect on institutional ownership. Only product dimensions of CSR disclosures has a significant positive impact on institutional ownership. However, this paper fail to find any significant impact of another CSR dimensions. Thus, our study suggests that the dimensions of the product can affect investment decisions. In contrast, institutional investors have not focused on environment, employee relation, and community activities in investment decisions.

Corporate social investment – good business and good revenue: The case of woolworths holdings ltd South Africa

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Collins C. Ngwakwe

2014-11-01

Full Text Available This paper examined the relationship between corporate social investment and revenue in Woolworths Holdings Limited South Africa. The approach is thus a single case study, and financial data on social investment and revenue was retrieved from the Woolworths Holdings’ Good Business Journey report 2008 -2013 and from its annual report of 2002 - 2007. Using the SPSS statistics software, a correlation was sought between the Woolworths Holdings’ social investment expenditure and revenue, earnings per share and return on equity. Findings from the analysis revealed that, within the six years of Woolworths Holdings’ Good Business Journey, a significant positive relationship exists between Woolworths Holdings’ social investment and its revenue, earnings per share (EPS and return on equity (ROE. A further analysis of difference in means using the t-test statistics indicates that the revenue streams to Woolworths Holdings’ between 2008 – 2013 is significantly greater than the revenue streams in the six years before the Good Business Journey. In conclusion, the paper suggests a new research model, referred to in this research as the share holders’ support for corporate social investment model, and it is represented as: SHSSI = f (Rv+Es+Re+Of. The paper thus offers an agenda for further research to apply the above model to evaluate the degree of shareholders’ interest and support for corporate social investment in retailing and other companies

SOCIAL RESPONSIBILITY - (NOT A FAMILIAR CONCEPT FOR THE COMPANIES

Directory of Open Access Journals (Sweden)

Liljana Jonoski

2015-04-01

Full Text Available Nowadays, the success of any legal entity exceeds the limits that were laid almost two centuries ago when the company and its owners were interested only on the creation of profit and focused on climbing on the ladder of wealth and profitability. Achieving of these interests was beneficial only for few persons, most often represented in the persons of owners. Namely, taking into account social changes and environment in which corporations operate today, socially responsible operations, the inclusion of a social community, environmental concerns have become one of the general criteria without can not be evaluated the success of the company’s work. Just as important is the nature of ownership of capital assets with which operate the public enterprises (corporations of the same meaning is and the way of managing and its impact on the environment. Although almost unknown notion of corporate governance in the transition period of Macedonia, good and responsible corporate management nowadays is considered as an essential pre-condition for the creation of an attractive investment climate, which is characterized by competitive oriented companies and efficient financial markets where social responsible operations and the concept of social responsibility takes its significant place.

Cash transfer program and education investment: A model for social evolution

Science.gov (United States)

Schimit, P. H. T.; Monteiro, L. H. A.; Omar, N.

2014-03-01

Assume that the households of a country are socially classified according to the monthly total income, and that they can be part of a lower, a middle or an upper class. By using multi-agent systems, here we model and simulate the economic evolution of households which earn a wage, pay taxes and invest in education. The return of the education investment is monthly added to the salary of the family, and it is function of the corresponding grand total put in education along the time. When a family is unemployed, we consider that it receives cash due to a social program made by the government. The time evolution of the percentages of households belonging to each class is investigated by varying the government investment in such a program of cash transfer and the proportion of employed households in the population. We show that the government should invest in the unemployed lower class if it intends a growth of the middle class. We also propose and analyze a mean-field approximation written in terms of ordinary differential equations. In addition, we verify that our model fits real data from Brazil, in the period between 2003 (when the cash transfer program Bolsa Família was launched) and 2011.

Optimal investment for enhancing social concern about biodiversity conservation: a dynamic approach.

Science.gov (United States)

Lee, Joung Hun; Iwasa, Yoh

2012-11-01

To maintain biodiversity conservation areas, we need to invest in activities, such as monitoring the condition of the ecosystem, preventing illegal exploitation, and removing harmful alien species. These require a constant supply of resources, the level of which is determined by the concern of the society about biodiversity conservation. In this paper, we study the optimal fraction of the resources to invest in activities for enhancing the social concern y(t) by environmental education, museum displays, publications, and media exposure. We search for the strategy that maximizes the time-integral of the quality of the conservation area x(t) with temporal discounting. Analyses based on dynamic programming and Pontryagin's maximum principle show that the optimal control consists of two phases: (1) in the first phase, the social concern level approaches to the final optimal value y(∗), (2) in the second phase, resources are allocated to both activities, and the social concern level is kept constant y(t) = y(∗). If the social concern starts from a low initial level, the optimal path includes a period in which the quality of the conservation area declines temporarily, because all the resources are invested to enhance the social concern. When the support rate increases with the quality of the conservation area itself x(t) as well as with the level of social concern y(t), both variables may increase simultaneously in the second phase. We discuss the implication of the results to good management of biodiversity conservation areas. 2012 Elsevier Inc. All rights reserved

Monitoring and evaluation of corporate social responsibility programmes in South Africa

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Renitha Rampersad

2015-12-01

Full Text Available The South African corporate sector invests millions to support community development and social programs. One of the more fundamental issues about sustainability in a business context is the fact that directors have a fiduciary duty to take into account interests of those stakeholders other than investors/shareholders. This therefore places major importance on sustainability reporting through reports on governance, economic, social and environmental performance and is increasingly being regarded as a key form of stakeholder engagement, and the most accepted formal way of communicating measured outcomes to all stakeholders. A number of methodologies may exist for the development of Corporate Social Responsibility (CSR strategies or “how-to guides” for community engagement and investment, however, it lacks development in the field of CSR Programme Evaluation. Integrated approaches to the measurement thereof are still in expanding stages of development and statistical data and/or empirical evidence is lacking at this point. Trust and relationships take time to build but are valuable assets, therefore a company must show it has listened and acted in response to stakeholder concerns, this means that ongoing communication and reporting back to stakeholders is a very important component in any engagement strategy. It is therefore important for the corporate sector to not only evaluate the effectiveness of their CSR Programmes, but also to measure the impact on both their beneficiary communities and their business and subsequently on the Return on Investment (ROI. This paper will highlight a case of the South African corporate sectors attempts to evaluate its effectiveness and impact on beneficiary communities and how they quantify the impact of the investment through successful CSR interventions.

Corporate Social Responsibility and Environmentally Sound Technology in Endogenous Firm Growth

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Angela C. Chao

2017-02-01

Full Text Available We have entered the “New Normal” economy, with more emphasis on economic growth driven by innovation than resource. This paper investigates the impacts of firms considering corporate social responsibility and environmentally sound technology by building a three-stage Cournot competition model with asymmetric cost. The sustainable development of economic and endogenous firm growth achieves the win–win result in the theoretical model. Using data from 31 firms in China, this paper empirically researches on the relationships among corporate social responsibility, environmentally sound technology and firm endogenous growth. The results show that: (1 Marginal cost decreased with the increase of innovation, as well as getting government research and development subsidy, which has a positive effect on firm growth. (2 Consumers respond positively to corporate social responsibility initiative, the reputation of the firm can be improved. At the same time, environmentally sound technology objectively reduces the marginal cost of competitors because of the technology spillover. (3 Profit of a firm undertaking corporate social responsibility partly decreases, which has a negative effect on firm growth. The contradiction between corporate social responsibility and profit of firm could be adjusted, such as socially responsible investment fund hosed by institutional investors.

The Role Of Foreign Investment In Economic And Social Development In Libya

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Mustafa Khalifa Thawadi El. Hamoudi

2017-02-01

Full Text Available Investment is whether in local or foreign organization is the action Plan split by various investment activities The Libyan economy is among those economies that require this kind of foreign investment to achieve the desired economic goals which are correlated with the objectives of the Libyan economic system for subsequent stages. Therefore it is important to study the trends and determinants of FDI in developing in general and in Libya in particular. This paper describes the role that could be played by investment foreign investment in economic and social development in Libya pointing out the positive and negative aspects and how to deal with each of them in proportion to the facts of the Libyan Economy needs. And in the light of the new economic orientation in line with the political and economic developments in the international arena and foreign investment and thus contributing to the expansion of the ownership base and create job opportunities for citizen in this study will follow the descriptive approach through the way ahead obtained from digital data from various sources using the forms as required and discussed this paper to the definition of foreign investment evolved of investment determinants of FDI motivated encourage foreign investment history prospects for foreign direct investment in Libya Barriers to foreign direct investment in Libya Policies strategies to support foreign direct investment in Libya conclusions and recommendations.

Social Media Return on Investment: How Much is it Worth to My Practice?

Science.gov (United States)

Gould, Daniel J; Nazarian, Sheila

2018-04-06

Plastic surgeons are rapidly integrating social media into their practices and recent articles on the subject have exploded in the literature. Although social media is being evaluated as a tool, few have actually been able to quantify the impact of social media on a practice. To quantify the return on investment for social media in a plastic surgery practice. The ideal method for this type of study is a new practice, without preexisting clients and with a broad approach to marketing to examine the effects of multiple marketing tools. In this study, we profile a start-up plastic surgery practice in Beverly Hills, Los Angeles. In this study, we report practice demographics as well as one year of income, broken down by the referral source for each patient. The dollar amount returned was reported for several social media resources and other internet-based marketing tools. Social media has a relatively high return on investment, and to date this is the first study to transparently quantify the value of social media in plastic surgery.

Microsimulation of Corporate Response to Investment Subsidies

NARCIS (Netherlands)

Tongeren, van F.W.

1998-01-01

The article presents an application of microsimulation to modeling of firm behavior in an economy-wide framework. The model is used to investigate the response of industrial corporations to investment subsidies in the Netherlands and traces the effects to the macro economic level. The

Using cost-benefit analysis and social return on investment to evaluate the impact of social enterprise: Promises, implementation, and limitations.

Science.gov (United States)

Cordes, Joseph J

2017-10-01

Since the early 2000's there has been growing interest in using the Social Return on Investment (SROI) as a measure for assessing the performance of social enterprises. By analogy with its business counterpart, the Return on Investment (ROI), the SROI is a metric that compares the monetized social costs of a program with the monetized social benefits of achieving an outcome (or set of outcomes). For example, calculating the SROI of a nonprofit half-way house for drug addicts might involve estimating the reduced social costs attributable to successful rehabilitation of addicts, and comparing this to the social costs of operating the half-way house. Alternatively, the total return of a for-profit social enterprise providing affordable housing might consist both of the traditional private return on investment along with the economic value of meeting the housing needs of lower income households. Early descriptions of the methodology for calculating the SROI suggest that the approach initially evolved from standard methodologies found in the business finance literature for evaluating investments, with the important twist that nonprofit sector returns/payoffs are defined in broader social terms (Thornley, Anderson, & Dixon, 2016). Yet, someone who is familiar with the economic literature on cost benefit analysis (CBA) as it is applied to the evaluation of public programs cannot help but be struck by the similarity between the outcomes that CBA is intended to measure, and those that are the object of efforts to calculate the SROI. One implication is that the literature on the theory and practice of cost benefit analysis offers useful lessons about how to measure the social return on investment, as well as about potential caveats and limitations that need to be confronted when attempting to undertake an analysis of the SROI. The paper discusses the potential uses and limitations of CBA and SROI as tools that governments, private donor/investors, and foundations can use to

Scaling up Corporate Social Investments in Education: Five Strategies That Work. Global Views. Policy Paper 2012-01

Science.gov (United States)

van Fleet, Justin W.

2012-01-01

Scaling up good corporate social investment practices in developing countries is crucial to realizing the "Education for All" and "Millennium Development Goals". Yet very few corporate social investments have the right mix of vision, financing, cross-sector engagement and leadership to come to scale. Globally, 67 million…

The relationship between customer satisfaction, social responsibility, and long-run financial performance

Directory of Open Access Journals (Sweden)

Yi-Chen Wang

2012-12-01

Full Text Available This paper investigates the link between long-run corporate financial performance, corporate social responsibility, and customer satisfaction. Using annual financial data, customer satisfaction index, and the Dow Jones Sustainability Index, the paper seeks to establish whether it pays organizations to use ethical methods in striving to be sustainable. Data used for this research cover the period 2001 to 2008. We used dynamic panel data linear regression models to analyze the effect of customer satisfaction and social responsibility on short-run and long-run financial performance. It was found that it may benefit organizations to use ethical methods in pursuing sustainability. since organizations who invest time, money, and effort in corporate social responsibility activities, their good reputations and satisfied customers yield long-term cash flow growth. Keywords: corporate customer satisfaction, Corporate Social Responsibility, corporate financial performance DisciplinesL business studies, international studies, ethics, finance studies

Management practices in Australasian ethical investment products: a role for regulation?

DEFF Research Database (Denmark)

Haigh, Matthew; Guthrie, James

2010-01-01

This paper adds to the literatures on socially responsible investment (SRI), investment management, regulation of financial services and social accounting by providing a comprehensive survey of investment methods used in SRI products and regulated social reporting in financial services. Australian...... a four-year period: 2004-2007. These aspects were further examined in 18 case studies. Over the period, diversity and intensity of construction methods had increased both within and between investment managers. The non-standard nature of management consultation used in SRI products, marketing needs...... debates and other public reports. Portfolio construction styles of 86 SRI products managed by 63 financial institutions in Australia and New Zealand were chosen for analysis. Statistical analysis was conducted to identify associations between styles, construction methods and assessment techniques over...

Environmental and social risk evaluation of overseas investment under the China-Pakistan Economic Corridor.

Science.gov (United States)

Zhang, Ruilian; Andam, Francis; Shi, Guoqing

2017-06-01

Along with the further implementation of the "One Belt, One Road" initiative and the promotion of the China-Pakistan Economic Corridor (CPEC), the construction of the CPEC will likely face challenges owing to differences between China and Pakistan in politics, economics, culture, religion, language, customs, environmental management systems, environmental protection laws, social management systems, and social management regulations. To address potential environmental and social risks associated with Chinese enterprises as they invest in the CPEC region, this paper examines previous studies addressing topics such as the environmental and social safeguards of international institutions and Pakistan's domestic environmental and social management requirements. We then systematically identify the environmental and social risk factors involved in CPEC construction, which cover risks regarding water, air, soil, noise, biodiversity, politics, economics, culture, technology, and individuals. By establishing and calculating these risks and using a multi-fuzzy comprehensive evaluation model, we found that noise and individual risks belong to a medium risk category, while others belong to a higher risk category. In view of these risks, the Chinese government must create a friendly and peaceful environment for Chinese enterprises to invest in the CPEC region, and Chinese enterprises must adopt a development strategy of strength and capacity building and establish enterprises capable of addressing environmental and social issues during the investment process. All stakeholders must understand that if no determined and diligent steps are taken, CPEC construction might be doomed for failure from the start.

Do social factors influence investment behavior and performance? Evidence from mutual fund holdings

NARCIS (Netherlands)

Borgers, Arian; Derwall, J.M.M.; Koedijk, Kees; ter Horst, Jenke

2015-01-01

We study the economic significance of social dimensions in investment decisions by analyzing the holdings of U.S. equity mutual funds over the period 2004-2012. Using these holdings, we measure funds' exposures to socially sensitive stocks in order to answer two questions. What explains

Understanding Medicaid Managed Care Investments in Members' Social Determinants of Health.

Science.gov (United States)

Gottlieb, Laura; Ackerman, Sara; Wing, Holly; Manchanda, Rishi

2017-08-01

Despite widespread interest in addressing social determinants of health (SDH) as a means to improve health and to reduce health care spending, little information is available about how to develop, sustain, and scale nonmedical interventions in diverse payer environments, including Medicaid Managed Care. This study aimed to explore how Medicaid Managed Care Organization (MMCO) leaders interpret their roles and responsibilities around SDH, how they garner resources to develop and sustain interventions to address SDH, and how they perceive the influences of external organizations on related activities. Semistructured qualitative key informant interviews were conducted with a purposive sample of 26 Medicaid Managed Care corporate executives. Data were analyzed with an iterative coding, thematic development and interpretation process. MMCO leaders' interests and activities around interventions to address SDH are described, as well as their perceptions of existing and potential incentives and barriers to expanding these interventions. Despite significant experimentation and programmatic diversity of interventions addressing social determinants, MMCO leaders struggle with clinical integration, financing, and evaluation efforts that could promote sustainability. Though their efforts are nascent, MMCO leaders are investing in tackling social determinants to improve health and to decrease health care spending in managed care settings that serve low-income populations. Results highlight both opportunities and concerns about sustaining and scaling clinical interventions addressing SDH.

Response of Foreign Private Investment to Public Debt in Nigeria

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Emenike Kalu O.

2015-06-01

Full Text Available The study investigates the long-term relationship and dynamic short-term impact of public debt on foreign private investment for a developing country – Nigeria during the period 1962 to 2012. The paper deploys cointegration model to examine long-term relationship between the variables. The study also examines dynamic short-term impact and causality between public debt and foreign private investment using the VECM and Granger causality test. The study further examines the response paths of foreign private investment variable due to public debts shocks using variance decomposition. The results confirm absence of long-term relationship between public debt and foreign private investment in Nigeria. The results also show that external debt has negative impact on foreign private investment in the short-term. Finally, the results show that there is no causality between foreign private investment and public debt. The major economic implication of these findings is for debt management authorities to be conscious of growing external debts as it discourages foreign private investments into Nigeria.

Framework for Assessing Financial Literacy and Superannuation Investment Choice Decisions

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Natalie Gallery

2011-06-01

Full Text Available There is a worldwide trend towards rapidly growing defined contribution pension funds in terms of assets andmembership, and the choices available to individuals. This has shifted the decisionmaking responsibility tofund members for managing the investment of their retirement savings. This change has given rise to aphenomenon where most superannuation fund members are responsible for either actively choosing orpassively relying on their funds’ default investment options. Prior research identifies that deficiencies infinancial literacy is one of the causes of inertia in financial decision-making and findings from internationaland Australian studies show that financial illiteracy is wide-spread. Given the potential significant economicand social consequences of poor financial decision-making in superannuation matters, this paper proposes aframework by which the various demographic, social and contextual factors that influence fund members’financial literacy and its association with investment choice decisions are explored. Enhanced theoretical andempirical understanding of the factors that are associated with active/passive investment choice decisionswould enable development of well-targeted financial education programs.

Commonfund Study of Responsible Investing: A Survey of Endowments and Their Affiliated Foundations

Science.gov (United States)

Commonfund Institute, 2015

2015-01-01

The Commonfund Study of Responsible Investing analyzes policies, practices and attitudes with respect to responsible investing among 200 U.S. colleges and universities, constituting 24.0 percent of the 832 institutions that participated in the 2014 National Association of College and University Business Officers (NACUBO)-Commonfund Study of…

Should firms always invest in corporate social responsibility? Whether, when, and how?

OpenAIRE

Chatterjee, Prabirendra

2015-01-01

Firms in various markets such as health care, financial services, software, consumer goods etc. spend significant amount of money on corporate social responsibility (CSR) activities. The literature suggests that consumers take into consideration firmsí CSR activities when making purchase decisions and this leads to either an increase in willingness to pay or an increase in purchase intention. Unfortunately, notwithstanding its strategic beneÖts, the empirical Öndings regarding the impact o...

JURIDICAL AND ECONOMIC ANALYSIS OF THE CORPORATE SOCIAL RESPONSIBILITY IN THE BANKING MANAGEMENT FROM ROMANIA

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Muresan (Potincu Laura

2015-07-01

Full Text Available At present, the corporate social responsibility must be regarded from a complex perspective. We consider that the social responsibility of the banks is what the community expects from a bank ecologically, economically, juridically, ethically, and philanthropically. Thus, the banking corporate social responsibility includes all these types of responsibilities: the ecological responsibility, the economic responsibility, the juridical responsibility, the ethical responsibility, and the philanthropic responsibility. Combining the juridical analysis with the marketing research, this work aims at the actual compliance with the corporate social responsibility by the banks from Romania, an European Union member state. The juridical regulations adopted mid 2013 at the European Union level bring a new approach to the relation between the most important categories of stakeholders – consumers and employees – and the bank by means of actual juridical specifications regarding the banking management. Presenting the most important provisions of Directive 2013/36/UE of the European Parliament and Council regarding the access to the activity of the credit institutions and prudential supervision of the credit institutions and investment companies, and of Regulation no. 575/2013 of the European Parliament and Council regarding the prudential requirements for the credit institutions and investment companies, in relation to the corporate social responsibility aspects offers an interesting image of the evolution of the legislative aspects regulating the banking management. One can note, in practice, the assimilation by the banks of the corporate social responsibility only with its philanthropic component, ignoring the most important elements of the social responsibility: the juridical responsibility, the ethical responsibility, or the economic responsibility. This work shows results of a quantitative marketing research which has been performed in Bra

TAX REFORMS AND INVESTMENT IN NIGERIA: AN EMPIRICAL ...

African Journals Online (AJOL)

GRACE

Tax generated revenues are used to finance public utilities, perform social responsibilities and grease the ..... Capital Theory and Investment Behaviours, The American Review,. 53:247-257. ... ESUT Journal of Accounting, 5(2). December ...

Importance of the fund management company in the performance of socially responsible mutual funds

OpenAIRE

Belghitar, Yacine; Clark, Ephraim; Deshmukh, Nitin

2017-01-01

We compare the performance of a sample of U.K.-based socially responsible investment (SRI) funds with similar conventional funds using a matched-pair analysis based on size, age, investment universe, and fund management company (FMC). We find that both the SRI and conventional funds outperform the market index about 50% of the time, even after fees. Subsample tests show that the SRI funds in our sample perform better in the pre- and postfinancial crisis periods but underperform during the fin...

Female Directors and Corporate Social Responsibility: Evidence from the Environmental Investment of Chinese Listed Companies

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Feng Wei

2017-12-01

Full Text Available Taking Chinese listed companies in 2008–2015 as the sample, in this paper we test in detail the impact of female directors on corporate environmental investments. Furthermore, we study the impact of female directors on environmental investment in enterprises with different types of ownership and industry attributes. Empirical studies show that when there are only 1 or 2 female directors on the board, no significant impact on the scale of corporate environmental investment can be seen. However, when the number reaches at least 3, female directors have a significantly positive impact on the scale of corporate environmental investment. This confirms critical-mass theory; meanwhile, we find that the empirical results do not indicate any significant correlation when the variable of female directors is measured by the proportion of female directors and the Blau index of gender balance. Further analysis suggests that in state-owned enterprises and enterprises from heavily-polluting industries, the above findings remain true, while in non-state-owned enterprises and enterprises from non-heavily-polluting industries, the above findings prove false, i.e., that the impact of female directors on corporate environmental investment is not significant. The conclusion demonstrates that the impact of female directors on environmental investment varies in enterprises with different types of ownership and industry attributes.

Aberrant reward center response to partner reputation during a social exchange game in generalized social phobia.

Science.gov (United States)

Sripada, Chandra; Angstadt, Michael; Liberzon, Israel; McCabe, Kevin; Phan, K Luan

2013-04-01

Generalized social anxiety disorder (GSAD) is characterized by excessive fear of public scrutiny and reticence in social engagement. Previous studies have probed the neural basis of GSAD often using static, noninteractive stimuli (e.g., face photographs) and have identified dysfunction in fear circuitry. We sought to investigate brain-based dysfunction in GSAD during more real-world, dynamic social interactions, focusing on the role of reward-related regions that are implicated in social decision-making. Thirty-six healthy individuals (healthy control [HC]) and 36 individuals with GSAD underwent functional magnetic resonance imaging (fMRI) scanning while participating in a behavioral economic game ("Trust Game") involving iterative exchanges with fictive partners who acquire differential reputations for reciprocity. We investigated brain responses to reciprocation of trust in one's social partner, and how these brain responses are modulated by partner reputation for repayment. In both HC and GSAD, receipt of reciprocity robustly engaged ventral striatum, a region implicated in reward. In HC, striatal responses to reciprocity were specific to partners who have consistently returned the investment ("cooperative partners"), and were absent for partners who lack a cooperative reputation. In GSAD, modulation of striatal responses by partner reputation was absent. Social anxiety severity predicted diminished responses to cooperative partners. These results suggest abnormalities in GSAD in reward-related striatal mechanisms that may be important for the initiation, valuation, and maintenance of cooperative social relationships. Moreover, this study demonstrates that dynamic, interactive task paradigms derived from economics can help illuminate novel mechanisms of pathology in psychiatric illnesses in which social dysfunction is a cardinal feature. © 2013 Wiley Periodicals, Inc.

The strategy of ethic investment of the Norwegian petroleum fund and arms companies

International Nuclear Information System (INIS)

Paulin, Cedric

2006-01-01

The author comments the background of the consecutive disengagements of the Norwegian Government Petroleum Fund from several companies belonging to the arms sector, a disengagement which complies with the opinion of various actors in favour of a socially responsible investment, and of NGOs and associations opposed to the armament sector. After having recalled the global definition of this fund which was created in 1990, and of its investment policy, the author analyses the framework within which these disengagements occur, comments how these different spheres (the fund and the other above mentioned actors) finally met. He also wanders whether this ethics actually concern arms company or is in fact related to a problem proper to investment funds in general. The author notably indicates the various arms companies from which the Petroleum Fund withdrew its investments. The author also outlines some remaining ambiguities of the strategy of ethic investment of the former Norwegian Petroleum Fund, and shows that its methodology of ethic and socially responsible investment applied to the arms sector is in fact not yet precisely defined

Social (in)stability, distributive conflicts, and investment in poor and rich economies

NARCIS (Netherlands)

Riedl, A.M.

1999-01-01

A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between poor and rich countries. However, there is still the

PRINCIPLES OF ASSESSING THE SOCIAL EFFECTS BY IMPLEMENTING INVESTMENT PROJECTS

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Denis SIMOV

2013-12-01

Full Text Available Financial instruments are efficient – in terms of resource – mobilization of cohesion policy resources to achieve the objectives of the strategy. Rules of forming the investment strategy, particularly in State structures, by using the budget funds of the Republic of Moldova, must include as one of the criteria for project selection, the achieve of a positive social effect associated with its implementation.

Stages of Formation of the Strategy of Social Responsibility of Business

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Zatieyshchykova Olha O.

2014-02-01

Full Text Available The article studies existing approaches to formulation of stages of the strategy, according to which a list of stages of formation of the strategy of social responsibility (SSR is formed, including: identification of the mission and vision of SSR, formation of the system of goals of SSR, assessment of influence of factors of external environment, assessment of the level of social responsibility, analysis of alternatives and selection of strategies. The article identifies SSR mission for Ukrainian enterprises, which lies in increase of the quality of life of employees, local society and society in general. SSR vision – improvement of effectiveness of business and profitability indicators on the basis of creation of trustworthy relations between business, society and state. The article develops the goals tree of SSR that has goals of three levels. It identifies a list of factors of external environment, including: growing anxiety about the state of environment and demographic situation, level of education and culture, growing intensity of competition, level of income and wellbeing, active participation of the state policy in the use of principles of social responsibility, propaganda of social responsibility within the impact area, fast change of technologies, fair marketing practice, informing and executing agreements. The article offers to assess the level of social responsibility on the basis of calculation of indicators of social investments both by quantitative and qualitative methods and calculation of indicators of voluntary social responsibility of business. It also offers main components of the essence of the SSR strategy.

Effect of Carbohydrate Supplementation on Investment into Offspring Number, Size, and Condition in a Social Insect.

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Bill D Wills

Full Text Available Resource availability can determine an organism's investment strategies for growth and reproduction. When nutrients are limited, there are potential tradeoffs between investing into offspring number versus individual offspring size. In social insects, colony investment in offspring size and number may shift in response to colony needs and the availability of food resources. We experimentally manipulated the diet of a polymorphic ant species (Solenopsis invicta to test how access to the carbohydrate and amino acid components of nectar resources affect colony investment in worker number, body size, size distributions, and individual percent fat mass. We reared field-collected colonies on one of four macronutrient treatment supplements: water, amino acids, carbohydrates, and amino acid and carbohydrates. Having access to carbohydrates nearly doubled colony biomass after 60 days. This increase in biomass resulted from an increase in worker number and mean worker size. Access to carbohydrates also altered worker body size distributions. Finally, we found a negative relationship between worker number and size, suggesting a tradeoff in colony investment strategies. This tradeoff was more pronounced for colonies without access to carbohydrate resources. The monopolization of plant-based resources has been implicated in the ecological success of ants. Our results shed light on a possible mechanism for this success, and also have implications for the success of introduced species. In addition to increases in colony size, our results suggest that having access to plant-based carbohydrates can also result in larger workers that may have better individual fighting ability, and that can withstand greater temperature fluctuations and periods of food deprivation.

Marginalised social groups in contemporary weee management within social enterprises investments: A study in Greece

International Nuclear Information System (INIS)

Papaoikonomou, K.; Kipouros, S.; Kungolos, A.; Somakos, L.; Aravossis, K.; Antonopoulos, I.; Karagiannidis, A.

2009-01-01

This paper deals with the creation of appropriate conditions aimed at developing social services for reuse and recycling of waste electrical and electronic equipment (WEEE), by the inclusion of handicapped and Roma people in the workforce. Application areas for the project are the Hellenic (Greek) regions of Thessaly and North Aegean, where these groups suffer from professional and social exclusion. The efforts to reduce unemployment in the two aforementioned groups, together with the efforts to implement related Greek and European legislation for sustainable WEEE management, are examined here. Furthermore, networking and cooperation at local, regional and central levels between small enterprises, entrepreneurships and local authorities are examined, so that these social enterprises and their corresponding investments may support the development of the Greek alternative WEEE recycling system

Does sustainability practices, corporate governance and social responsibility affect risk and return of investments? Práticas de Sustentabilidade, Governança Corporativa e Responsabilidade Social afetam o risco e o retorno dos investimentos?

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Bruno Milani

2013-03-01

Full Text Available This article aims to verify whether the investments in companies with better practices of Corporate Social Responsibility, Corporate Governance and Sustainability presents performance differences in relation to investments in companies that represent the market. To this end, we analyzed the series of daily returns of Ibovespa, IGC, IGCT, ISE and ITAG through GARCH model and mean differences tests. The results show that the conditional volatility of the differentiated practices indexes is significantly smaller than the Ibovespa volatility, although the correlation between the returns is very high. Besides that, the Sharpe Index (1966 of the better practices indexes shows that their return per unit of risk is significantly higher than Ibovespa’s. Thus, in general, it is possible to conclude that investments in different practices constitute a less risky and more profitable alternative to the investor.DOI: 10.5902/198346596946O presente artigo tem como objetivo verificar se os investimentos em empresas com melhores práticas de Responsabilidade Social Empresarial, Governança Corporativa e Sustentabilidade apresentam diferenças quanto à performance em relação a investimentos nas empresas que representam o mercado. Para tanto, foram analisadas as séries de retornos diários dos índices Ibovespa, IGC, IGCT, ISE e ITAG através do modelo GARCH e de testes não paramétricos de diferença de média. Os resultados demonstram que a volatilidade condicional dos índices de práticas diferenciadas é significativamente menor do que a volatilidade do índice Ibovespa apesar da correlação entre os retornos ser muito alta. Além disso, o Índice de Sharpe (1966 demonstrou que o retorno por unidade de risco é significativamente superior para os índices de melhores práticas, em relação ao Ibovespa. Assim, de uma maneira geral, é possível concluir que os investimentos em empresas com melhores práticas constituem uma alternativa menos arriscada

Sex differences in parental care: Gametic investment, sexual selection, and social environment.

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Liker, András; Freckleton, Robert P; Remeš, Vladimir; Székely, Tamás

2015-11-01

Male and female parents often provide different type and amount of care to their offspring. Three major drivers have been proposed to explain parental sex roles: (1) differential gametic investment by males and females that precipitates into sex difference in care, (2) different intensity of sexual selection acting on males and females, and (3) biased social environment that facilitates the more common sex to provide more care. Here, we provide the most comprehensive assessment of these hypotheses using detailed parental care data from 792 bird species covering 126 families. We found no evidence for the gametic investment hypothesis: neither gamete sizes nor gamete production by males relative to females was related to sex difference in parental care. However, sexual selection correlated with parental sex roles, because the male share in care relative to female decreased with both extra-pair paternity and frequency of male polygamy. Parental sex roles were also related to social environment, because male parental care increased with male-biased adult sex ratios (ASRs). Taken together, our results are consistent with recent theories suggesting that gametic investment is not tied to parental sex roles, and highlight the importance of both sexual selection and ASR in influencing parental sex roles. © 2015 The Author(s). Evolution © 2015 The Society for the Study of Evolution.

Managing obligations to society. Case of best ranked universities in social responsibility

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Păunescu Carmen

2017-07-01

Full Text Available Universities have always been engines for the economy, in multiple roles they play, trying to adapt to the continual dynamic changes in the environment, to better align their offerings with the current expectations of the students, employers and society as a whole. Many of the jobs that are now developing on the market and still will develop, as well as the multiple roles that the graduates are asked to play in society, have never been on the agenda of the universities in the past, nor on the mind of the curriculum designers. The current paper aims to assess the university engagement with community by analyzing 27 world universities best ranked in social responsibility according to QS Stars University Ratings 2016. In the paper, we discuss the extent to which different attributes of the university social responsibility are reflected among the initiatives and projects run by the universities investigated. Also, we analyze correlations between university ranking in social responsibility and other rankings. Following the QS Stars methodology, the criteria used to evaluate social responsibility of selected universities included: community investment and development, social work and service in community, human capital development, environmental concern and impact, and other social responsibility actions. The results show that the degree of involvement of universities in social responsible initiatives varies broadly for each one of the dimensions analyzed, in terms of nature, intensity and impact of initiatives. Our research findings offer good insights for both universities’ leaders and community developers in their joint-efforts to develop and grow a prosperous community.

Financial Constraints and the Response of Business Investment to Monetary Policy Shocks

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Haase Timothy J.

2016-09-01

Full Text Available In this study I investigate what impact monetary policy shocks have on firms’ fixed investment, the less liquid portion of gross investment that requires more planning. I account for firms facing financial constraints firms by utilizing a common measure of asset size, which is used in previous literature. I use two exogenous, continuous series of monetary policy shocks to show that constrained firms have statistically different responses to policy than unconstrained firms. Specifically, I find that constrained firms’ fixed investment significantly responds more to monetary policy shocks than unconstrained firms.

Belief and Investing: Preferences and Attitudes of the Faithful

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Mark Brimble1

2013-03-01

Full Text Available This Australian study seeks to better understand the disparity between the positive attitudes towards Socially Responsible Investing (SRI and the level of investment in SRI (Saulwick &Associates 2001; Watmore & Bradley 2001; Williams 2007; Arjalies 2010, by examining both the attitudes to SRI and the investment choices that are made. It is hypothesised that those who are more committed to religious belief principles are more likely to invest in SRI.To test this 322 people from two large Queensland organisations were surveyed in relation to their investment attitudes and preferences. Results show that those who are more religious are no more likely to invest in SRI, and that the level of importance placed on SRI and financial criteria are similar in most instances for the more and less religious. In addition, women who are religious place more importance on conservative general investment criteria than less ornon-religious women.

Optimal Regulation of Lumpy Investments

NARCIS (Netherlands)

Zwart, G.; Broer, D.P.

2012-01-01

When a monopolist has discretion over the timing of infrastructure investments, regulation of post-investment prices interferes with incentivizing socially optimal investment timing. In a model of regulated lumpy investment under uncertainty, we study regulation when the regulator can condition

Mobilisation, politics, investment and constant adaptation: lessons from the Australian health-promotion response to HIV.

Science.gov (United States)

Brown, Graham; O'Donnell, Daryl; Crooks, Levinia; Lake, Rob

2014-04-01

The Australian response to HIV oversaw one of the most rapid and sustained changes in community behaviour in Australia's health-promotion history. The combined action of communities of gay men, sex workers, people who inject drugs, people living with HIV and clinicians working in partnership with government, public health and research has been recognised for many years as highly successful in minimising the HIV epidemic. This article will show how the Australian HIV partnership response moved from a crisis response to a constant and continuously adapting response, with challenges in sustaining the partnership. Drawing on key themes, lessons for broader health promotion are identified. The Australian HIV response has shown that a partnership that is engaged, politically active, adaptive and resourced to work across multiple social, structural, behavioural and health-service levels can reduce the transmission and impact of HIV. The experience of the response to HIV, including its successes and failures, has lessons applicable across health promotion. This includes the need to harness community mobilisation and action; sustain participation, investment and leadership across the partnership; commit to social, political and structural approaches; and build and use evidence from multiple sources to continuously adapt and evolve. So what? The Australian HIV response was one of the first health issues to have the Ottawa Charter embedded from the beginning, and has many lessons to offer broader health promotion and common challenges. As a profession and a movement, health promotion needs to engage with the interactions and synergies across the promotion of health, learn from our evidence, and resist the siloing of our responses.

Competing responsibly

NARCIS (Netherlands)

Jeurissen, R.J.M.; Ven, van de B.W.

2005-01-01

In this paper we examine the effects of different competitive conditions on the determination and evaluation of strategies of corporate social responsibility (CSR). Although the mainstream of current thinking in business ethics recognizes that a firm should invest in social responsibility, the

Does it pay to be social responsible? Portuguese SMEs feedback

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Luis Miguel Fonseca

2016-03-01

Full Text Available Purpose: The research on corporate social responsibility has been focused mainly on Anglo-Saxon countries and big companies. Most scholars agree there is a positive relationship between companies social and economic performance, however, this is not unanimous. Moreover, during economic downturns, companies struggle for survival and might consider corporate social responsibility efforts should be postponed. This research investigates if there is a positive relationship between social performance and key business results using a large sample of small and medium Portuguese companies over an extended period of time. Design/methodology/approach: The investigation is made by using survey responses from a sample of 2.222 small and medium companies (SMEs over a 10 year period, from the Portuguese IAPMEI – Public Agency for Competitiveness and Innovation Benchmarking and Good Practices database. The hypothesis that there is a positive relationship between social and key business results performance was tested with correlation analysis and was complemented with semi-structured interviews of key Portuguese Sustainability Managers. Findings: The research results support the existence of valid positive relationships between companies’ social performance and key business results, confirming it does pay to invest in corporate social responsibility even in less favorable economic scenarios and for small and medium companies across all business sectors. Research limitations/implications: It was not possible to use more powerful statistical methods such as Partial Least Squares (PLS or Structural Equation Modelling (SEM due to data constraints and more qualitative research should be done to triangulate the results and better understating of the cause and effect relationships. Practical implications: Both managers and academics should be aware of the relevance of corporate social responsibility to assure companies enduring success and create benefits for

The Relationship between Corporate Social Responsibility and Corporate Financial Performance – Evidence from Empirical Studies

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Mikołajek-Gocejna Magdalena

2016-12-01

Full Text Available Socially responsible investment (SRI has experienced strong growth in recent years. In 2012, $1 out of every $9 US assets under professional management was invested in some form of sustainable investment.1 Global sustainable investment assets have expanded dramatically, rising from $13.3 trillion at the outset of 2012 to reach a total of $21.4 trillion at the start of 2014. Most of the SRI assets are in Europe (63.7 percent, but the relative contribution of the United States has increased from 28.2 percent in 2012 to 30.8 percent in 2014, and over this two-year period, the fastest growing region has been the United States, followed by Canada and Europe. These three regions are also the largest regions in terms of assets, accounting for 99 percent of global SRI.2

The U.S. Public's Investment in Medical Research: An Evolving Social Contract.

Science.gov (United States)

Heinig, Stephen J; Dev, Anurupa; Bonham, Ann C

2016-01-01

Medical researchers and their institutions are operating under extraordinary financial stress. More than a decade after completion of the 5-year doubling of the National Institutes of Health budget, the medical research community must confront a significant loss in National Institutes of Health purchasing power and downward pressures in federal discretionary spending. In part, this trend results from a federal budget stalemate over the growth in entitlement programs, particularly spending on medical care. This article considers the changing nature of the federal investment in medical research and the potential for medical researchers and institutions conducting the full spectrum of research to improve health system performance and health equity. In our view, continued federal investments reflect an evolving social contract for research serving the public good; the term contract is used metaphorically to represent a figurative, implicit agreement between the scientific community and the public's representatives in government. Under this conceptual contract, the American people--who are ultimately the funders of research, research training and infrastructure--expect outcomes that lead to better health, security or other benefits. The evolving contract includes expectations for more accountability, transparency, sharing of results and resources, and better integration of research systems and cultures that used to take pride in boundaries and distinctions. We outline here some of the major movements of organizations realigning to social support, which are increasingly essential to sustain public investment in medical research. Copyright © 2016 Southern Society for Clinical Investigation. Published by Elsevier Inc. All rights reserved.

Enbridge Inc. 2004 corporate social responsibility report

International Nuclear Information System (INIS)

2004-01-01

This report disclosed information about Enbridge's social programs and initiatives, as well as information concerning environmental issues related to the company's pipeline operations and distribution systems. The report was compiled in response to requests by stakeholders for evidence of Enbridge's social responsibility. An outline of Enbridge's business operations was presented, as well as an overview of corporate governance concerning risk assessment, health and safety. Details of the board's Environmental, Health and Safety Committee were presented. It was noted that Enbridge is now considering broadening the committee's mandate to include responsibility for human rights, community investment, and stakeholder relations. Issues concerning regulatory compliance, review processes and inspections were presented. It was noted that Enbridge received 21 regulatory notifications from government agencies for environmental and safety issues. Details of fugitive emissions management strategies were presented, as well as outlines of internal efficiencies, demand-side management strategies, and renewable and alternative energy offset programs. Enbridge's contributions to climate change policies were discussed. A list of major air emissions released by Enbridge facilities was provided. Details of spills and releases were also provided, as well as water and waste management strategies and environmental outreach programs. Emergency planning procedures were reviewed, as well as details of employer relations, relations with indigenous peoples, human rights and policy development. 6 tabs, 7 figs

Social rate of return to R&D on various energy technologies: Where should we invest more? A study of G7 countries

International Nuclear Information System (INIS)

Inglesi-Lotz, Roula

2017-01-01

The importance of investment in Research and Development (R&D) in the energy sector is indisputable especially considering the benefits of new technologies to sustainability, security and environmental protection. However, the nature and potential of various energy technologies that are capable of improving the energy and environmental conditions globally is a challenging task for governments and policy makers that have to make decisions on the allocation of funds in R&D. To do so, the optimal resource allocation to R&D should be determined by estimating the social rate of return for R&D investments. This paper aims to estimate the social rate of return of R&D on various energy applications and technologies such as energy efficiency, fossil fuels, renewable energy sources, and nuclear for the G7 countries. The results show that primarily R&D investment on Energy Efficiency technologies and Nuclear are the ones that yield high social benefits for all G7 countries while exactly the opposite holds for Fossil fuels. - Highlights: • Allocation of R&D funding in various energy technologies is a challenging task. • This can be done by estimating the social rate of return for R&D investments • We investigate various technologies’ social rate of return for the G7 countries. • R&D funding yields social benefits from energy efficiency and nuclear technologies. • R&D investment on fossil fuels has negative social rate of return.

Analyzing the Investment Behaviour of Households at the Microlevel

Directory of Open Access Journals (Sweden)

Lepeyko Tetyana I.

2017-10-01

Full Text Available The article is aimed at analyzing the characteristics of the investment behaviour of households at the microlevel. Essence of the investment behavior of of households was considered, substantiating that it differs in relation to the social indicators of households as well as to their income and costs. In order to analyze the investment behavior of households at the microlevel, it was proposed to conduct an expert survey of economic agents (staff of enterprises, private entrepreneurs, etc.. Using the hierarchy analysis method, it has been substantiated that the most appropriate method for the selected criteria (minimizing the time and cost of the survey, improving the truthfulness and completeness of the responses is the anonymous respondent survey. To implement this method, a list of questions was proposed that would allow to analyze the social indicators of households, structure of their incomes and costs. On the basis of the survey conducted at the enterprises of Kharkiv region, the main prerequisites for a possible improvement of the microlevel investment behavior of households have been identified.

Citizenship as individual responsibility through personal investment - an ethnographic study in a study circle

Directory of Open Access Journals (Sweden)

Annika Pastuhov

2017-05-01

Full Text Available The aim of this article is to shed light on how the democratic ideal of institutionalised Nordic popular education is realised through an ethnographic field study in an English as a foreign language study circle. The study focuses on how participants express their citizenship when taking part in the study circle. Citizenship is viewed as a dynamic concept comprising the aspects of 'being' and 'acting' and constructed in and through social interaction. The study circle is arranged as a classroom practice: The study circle leader organises the activities, while the participants engage in exercises and attempt to learn correct usage. Through their participation, the participants take individual responsibility for what they see as their lack of sufficient knowledge of English. The participants describe their participation as a personal and voluntary investment in themselves. In light of the study, the individual stance is discussed as limiting possibilities for responsibility and thus expressions of citizenship.

THE STAKEHOLDERS ABILITY TO INFLUENCE THE RELATIONSHIP BETWEEN COMPANIES FINANCIAL PERFORMANCE (CFP AND CORPORATE SOCIAL RESPONSIBILITY (CSR

Directory of Open Access Journals (Sweden)

LILIANA NICOLETA SIMIONESCU

2015-03-01

Full Text Available Many scholars, academicians and practitioners have intensively examined corporate social responsibility (CSR and corporate financial performance (CFP in the literature on CSR along the years. Mainstream of these studies suggested a positive relationship or negative, neutral as few others found and/or curvilinear relationships. Hence, this paper develops an understanding for a mediator instrument as regards the relationship between corporate social responsibility and corporate financial performance. The present paper proposes to provide a theoretical framework, which explains how and why, companies through their socially responsible activities leads to a certain company performance by promoting a potential mediator respectively stakeholder ability to influence (SIC. Companies with socially responsible activities accumulate satisfactory SAI stock enjoying an enhanced financial performance. As more the companies invest in CSR activities, the greater SAI stock became. Based on the literature reviewed, the present paper enriches the literature on CSR by proposing three variables that can be used to employ the framework at a company level. The variables are corporate social responsibility (CSR, stakeholder ability to influence (SAI and corporate financial performance (CFP.

Corporate Social Responsibility: Aktualisasi Ajaran Ihsan dalam Bisnis

Directory of Open Access Journals (Sweden)

H. Muhammad Djakfar

2013-09-01

Full Text Available Corporate is a business institution which has rapid development in the modern era. It is to fulfill the diverse society’s needs. In fact, corporation must be close to the society as both of them are interconnected and mutually demanding. To make them close, nowadays, it has been developed Corporate Social Responsibility, specifically, big sale corporate. With this program, corporate can help society based on their needs. Based on theological point of view, if it done wisely for God’s blessing, it is absolutely the actualization of Islamic teaching, Ihsan, in business context. Through the actualization of Ihsan, the business practitioners will be close not only both to others but also to God. According to Islamic teaching, there are many ways to earn fund for this program such as zakat, infak, sedekah, ang wakaf wich can be earned form Islamic employees. With this collected funding, corporate can invest in prospective business. And the result, then can be used as fund to succeed Corporate Social Responsibility program as well as to help the have not people. This program will be truly kindness program which importantly develop as the representation of Islamic teaching.

Social responsibility and SOE restructuring

Institute of Scientific and Technical Information of China (English)

沈志渔; 刘兴国; 周小虎

2009-01-01

SOE social responsibility has undergone three stages of evolution.In essence,corporate social responsibility includes social obligations and social expectations.Public attention to SOE social responsibility issues has affected the thinking surrounding SOE restructuring,including the promulgating of objectives and methods.Based on corporate social responsibility,SOE managers must set up a perfect SOE social responsibility system and strengthen supervisory mechanisms;in respect to corporate governance models,SOEs should undertake reform for the corporate citizen governance model.

Social Responsibility and Commitment in Management Institutes: Mediation by Engagement

Directory of Open Access Journals (Sweden)

Manish Gupta

2016-09-01

Full Text Available Due to its major influence on individual’s performance, engagement is increasingly becoming popular among practitioners. While its influence on performance has been well established, research on the influence of variables related to organizations on engagement is still in its nascent stage. Therefore, this study examines the mediating role of employee engagement in the corporate social responsibility (CSR – organizational commitment relationship. Multiple regression results using responses from 150 academics working in Indian management institutes predominantly owned by business groups partially support the relationships hypothesized. The findings may encourage Indian management institutes owned by business groups to consider CSR in teaching and research as serious investment areas in order to have a more engaged and committed workforce.

Partiality of Responsibility: Ethics in Sustainability Consulting

NARCIS (Netherlands)

Earhart, R.S.

2011-01-01

Sustainability, Socially Responsible Investment (SRI) and Corporate Social Responsibility (CSR) are both highly normative fields of professional practice, framed by various narratives: capitalist versus environmentalist, waste versus respect for the planet, consumerism versus responsibility;

Encouraging private sector investment in climatefriendly technologies in developing countries. An assessment of policy options for the Dutch government

International Nuclear Information System (INIS)

Van Rooijen, S.N.M.; Van Wees, M.T.

2006-10-01

This study aims to explore new or reformed policies to be adopted by the Dutch government to encourage private sector investments in climate-friendly technologies in developing countries. A literature review of barriers to climate-friendly investments and of directions for solutions has been complemented with a number of in-depth interviews with stakeholders representing the major actors involved in investment projects (project sponsors, financing institutions, institutional investors and government). The barrier analysis has resulted in the following list of key obstacles to climate-friendly investments: (1) Lack of a sound, transparent and stable enabling environment for investing in developing countries; (2) Shortage of experienced and creditworthy sponsors; (3) High specific project risks; (4) Overestimation investment risks related to (sustainable) investments in developing countries in general (risk perspective); (5) Additional costs of climate-friendly technologies; (6) Shortage of risk capital; (7) Insufficient guarantee mechanisms; (8) Lack of know-how on public-private partnership structures and on financial design; and (9) Lack of insight how corporate social responsibility can be operationalised. Four main gaps have been identified on the basis of an assessment of current Dutch policies and instruments: (1) Shortage of instruments to directly promote investments; (2) Underdeveloped guarantee instruments; (3) Too restrictive cap on project size in financial schemes; (4) Lack of support in operationalising the concept of corporate social responsibility. Four areas for new or intensified policies have been identified based on the barrier and gap analysis: (1) Direct promotion of (potentially large scale) investments, including: (a) Supporting (the establishment of) sponsor companies developing sustainable energy projects in developing countries; (b) Making risk capital available; (c) Creating investment credit facilities; (d) Making development capital in

The Drivers of Responsible Investment : The Case of European Pension Funds

NARCIS (Netherlands)

Sievanen, Riikka; Rita, Hannu; Scholtens, Bert

We investigate what drives responsible investment of European pension funds. Pension funds are institutional investors who assure the income of part of the population for a long period of time. Increasingly, stakeholders hold pension funds accountable for the non-financial consequences of their

Mapping knowledge investments in the aftermath of Hurricane Katrina: a new approach for assessing regulatory agency responses to environmental disaster

International Nuclear Information System (INIS)

Frickel, Scott; Campanella, Richard; Vincent, M. Bess

2009-01-01

In the aftermath of large-scale disasters, the public's dependency on federal and state agencies for information about public safety and environmental risk is acute. While formal rules and procedures are in place to guide policy decisions in environmental risk assessment of spatially concentrated hazards such as regulated waste sites or vacant city lots, standard procedures for risk assessment seem potentially less well-suited for urban-scale disaster zones where environmental hazards may be widely dispersed and widely varying. In this paper we offer a new approach for the social assessment of regulatory science in response to large-scale disaster, illustrating our methodology through a socio-spatial analysis of the U.S. Environmental Protection Agency's (EPA) hazard assessment in New Orleans, Louisiana, following Hurricane Katrina in 2005. We find that the agency's commitment of epistemic resources or 'knowledge investments' varied considerably across the flood-impacted portion of the city, concentrating in poorer and disproportionately African American neighborhoods previously known to be heavily contaminated. We address some of the study's social and policy implications, noting the multidimensionality and interactive nature of knowledge investments and the prospects for deepening and extending this approach through comparative research

Chimpanzee Social Responsiveness Scale (CSRS) Detects Individual Variation in Social Responsiveness for Captive Chimpanzees

Science.gov (United States)

Faughn, Carley; Marrus, Natasha; Pruett, John R.; Shuman, Jeremy; Ross, Stephen R.; Constantino, John N.; Povinelli, Daniel J.

2017-01-01

Comparative studies of social responsiveness, a core impairment in autism spectrum disorder (ASD), will enhance our understanding of typical and atypical social behavior. We previously reported a quantitative, cross-species (human–chimpanzee) social responsiveness measure, which included the development of the Chimpanzee Social Responsiveness Scale (CSRS). Here, we augment our prior CSRS sample with 25 zoo chimpanzees at three sites: combined N = 54. The CSRS demonstrated strong interrater reliability, and low-ranked chimpanzees, on average, displayed higher CSRS scores. The CSRS continues to discriminate variation in chimpanzee social responsiveness, and the association of higher scores with lower chimpanzee social standing has implications for the relationship between autistic traits and human social status. Continued comparative investigations of social responsiveness will enhance our understanding of underlying impairments in ASD, improve early diagnosis, and inform future therapies. PMID:25312279

Social Return on Investment: A New Approach to Understanding and Advocating for Value in Healthcare.

Science.gov (United States)

Laing, Catherine M; Moules, Nancy J

2017-12-01

To determine whether the methodology of social return on investment (SROI) could be a way in which the value of a healthcare-related program (children's cancer camp) could be captured, evaluated, and communicated. The value of healthcare goes beyond what can be captured in financial terms; however, this is the most common type of value that is measured. The SROI methodology accounts for a broader concept of value by measuring social, environmental, and economic outcomes and uses monetary values to represent them. The steps/stages of an SROI analysis were applied to the context of a children's camp for this article. Applying the SROI methodology to this healthcare-related program was feasible and provided insight and understanding related to the impacts of this program. Because of SROI's flexibility, it is a tool that has great potential in a healthcare environment and for leaders to evaluate programmatic return on investment.

From Avoidance to Activism: The Responsible Investment Frameworks of the Norwegian Government Pension Fund Global, the New Zealand Superannuation Fund and California Public Employees’ Retirement System 2000 – 2016

OpenAIRE

Kristensen, Maren Diesen

2016-01-01

Socially responsible investing (SRI) has since the late 1990s, grown to become an important concept in the global financial industry. This growth has mainly been led by institutional investors, such as pension funds and sovereign wealth funds (SWFs) who, in the early 2000s, became aware of the necessity of behaving as real owners of companies and of adopting a long-term view of investing. As these investors started to embrace SRI, they steered the understanding of SRI away from the original e...

The Development of Forms of Corporate Social Responsibility in Russia in the Current Economic Conditions

Directory of Open Access Journals (Sweden)

Natalya Arzumanova

2015-02-01

Full Text Available The article reveals the characteristic features of modern trends in the formation and implementation of corporate social responsibility in Russia in the current economic conditions, which is based on the fact that reasonable economic interests oriented business not only on maximizing profits, but also to improve their own macro - socio-economic, natural, political, through voluntary investment profits in the respective areas.

The Cost-Effectiveness and Return-On-Investment of a Combined Social and Physical Environmental Intervention in Office Employees

Science.gov (United States)

van Dongen, J. M.; Coffeng, J. K.; van Wier, M. F.; Boot, C. R. L.; Hendriksen, I. J. M.; van Mechelen, W.; Bongers, P. M.; van der Beek, A. J.; Bosmans, J. E.; van Tulder, M. W.

2017-01-01

This study explored the cost-effectiveness and return-on-investment of a combined social and physical environmental worksite health promotion program compared with usual practice, and of both intervention conditions separately. Participants were randomized to the combined intervention (n = 92), social environmental intervention (n = 118), physical…

Corporate social responsibility in the mining industry: Criteria and indicators

International Nuclear Information System (INIS)

Vintro, Carla; Comajuncosa, Josep

2010-01-01

Corporate Social Responsibility (CSR) includes economic, social and environmental aspects, and it has particular significance in mining. This paper explores the subject of CSR in the mining industry and the main synergies between CSR and environmental, safety and quality management systems, whose adoption has increased during recent decades. It proposes the establishment of a set of criteria for sustainability, ethics and human capital (to be called CSR criteria). Whilst various international bodies have proposed CSR guides and indicators (commonly used as references for Stock Market investments), there is evidence that the size of the company can act as a moderator factor to the adoption of those systems. The paper offers an easy-to-use CSR performance chart (composed of 31 indicators and a global index), intended as an internal measure for companies of CSR continuous improvement.

Developing and Implementing a Social Media Program While Optimizing Return on Investment--An MBA Program Case Study

Science.gov (United States)

Gilfoil, David M.; Aukers, Steven M.; Jobs, Charles G.

2015-01-01

Over the past decade, Web 2.0 has brought a wealth of opportunities for improving marketing effectiveness; social media platforms, in particular, have proven to be exceptional tools for realizing growth potential. The big question for businesses used to be how to measure and report financial return on investment (ROI) for social media ad spend to…

Evaluation of Representative Smart Grid Investment Project Technologies: Demand Response

Energy Technology Data Exchange (ETDEWEB)

Fuller, Jason C.; Prakash Kumar, Nirupama; Bonebrake, Christopher A.

2012-02-14

This document is one of a series of reports estimating the benefits of deploying technologies similar to those implemented on the Smart Grid Investment Grant (SGIG) projects. Four technical reports cover the various types of technologies deployed in the SGIG projects, distribution automation, demand response, energy storage, and renewables integration. A fifth report in the series examines the benefits of deploying these technologies on a national level. This technical report examines the impacts of a limited number of demand response technologies and implementations deployed in the SGIG projects.

Quick scan energy conservation investments in the social rental sector; Quick scan investeren in energiebesparing sociale huursector

Energy Technology Data Exchange (ETDEWEB)

NONE

2013-07-15

Through a brief examination it is inventoried to what extent Dutch government policy affects the number of projects and investment with regard to energy conservation in the social rental sector. June 2013, a brief questionnaire was sent by email to contacts of the Energy Team of the Dutch 'Woonbond' (association of (potential) tenants) to gain insight into the present situation. This report presents the results [Dutch] Via een kort onderzoek is geinventariseerd in hoeverre het kabinetsbeleid invloed heeft op het aantal projecten en investeringen in energiebesparing in de sociale huursector. In juni is via een korte vragenlijst per email onder contacten van het Energieteam van de Nederlandse Woonbond bij woningcorporaties gepeild wat de situatie is. In deze rapportage worden de resultaten weergegeven.

CORPORATE SOCIAL RESPONSIBILITY: A CONCEPTUAL OVERVIEW

OpenAIRE

Ozan Büyükyılmaz; Yahya Fidan

2016-01-01

Corporate social responsibility includes the activities performed by enterprises that going beyond the legitimate expectations and carried out on a voluntary basis to improve the social and environmental well-being. In this study, the concept of corporate social responsibility is examined within the frame of definition and content, social responsibility theories, causes that enterprises are moving to social responsibility activities and the scope of social responsibility. It is intended to...

Social polyandry, parental investment, sexual selection, and evolution of reduced female gamete size.

Science.gov (United States)

Andersson, Malte

2004-01-01

Sexual selection in the form of sperm competition is a major explanation for small size of male gametes. Can sexual selection in polyandrous species with reversed sex roles also lead to reduced female gamete size? Comparative studies show that egg size in birds tends to decrease as a lineage evolves social polyandry. Here, a quantitative genetic model predicts that female scrambles over mates lead to evolution of reduced female gamete size. Increased female mating success drives the evolution of smaller eggs, which take less time to produce, until balanced by lowered offspring survival. Mean egg size is usually reduced and polyandry increased by increasing sex ratio (male bias) and maximum possible number of mates. Polyandry also increases with the asynchrony (variance) in female breeding start. Opportunity for sexual selection increases with the maximum number of mates but decreases with increasing sex ratio. It is well known that parental investment can affect sexual selection. The model suggests that the influence is mutual: owing to a coevolutionary feedback loop, sexual selection in females also shapes initial parental investment by reducing egg size. Feedback between sexual selection and parental investment may be common.

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...

Social identity shapes social valuation: evidence from prosocial behavior and vicarious reward.

Science.gov (United States)

Hackel, Leor M; Zaki, Jamil; Van Bavel, Jay J

2017-08-01

People frequently engage in more prosocial behavior toward members of their own groups, as compared to other groups. Such group-based prosociality may reflect either strategic considerations concerning one's own future outcomes or intrinsic value placed on the outcomes of in-group members. In a functional magnetic resonance imaging experiment, we examined vicarious reward responses to witnessing the monetary gains of in-group and out-group members, as well as prosocial behavior towards both types of individuals. We found that individuals' investment in their group-a motivational component of social identification-tracked the intensity of their responses in ventral striatum to in-group (vs out-group) members' rewards, as well as their tendency towards group-based prosociality. Individuals with strong motivational investment in their group preferred rewards for an in-group member, whereas individuals with low investment preferred rewards for an out-group member. These findings suggest that the motivational importance of social identity-beyond mere similarity to group members-influences vicarious reward and prosocial behavior. More broadly, these findings support a theoretical framework in which salient social identities can influence neural representations of subjective value, and suggest that social preferences can best be understood by examining the identity contexts in which they unfold. © The Author (2017). Published by Oxford University Press.

Examining obligations to society for QS Stars best ranked universities in social responsibility

Directory of Open Access Journals (Sweden)

Păunescu Carmen

2017-12-01

Full Text Available Developing the local, regional, even national communities is often central to a university’s mission. This is a two-way process and both society and university itself should benefit from this collaboration. Universities around the world have been in the past decades required to leave their ivory tower and to become more involved in addressing the needs of the society and thus more relevant for the communities which they serve. They are expected to take a leadership role in implementation of the required change by contributing to community development through knowledge, innovations, skills and jobs. By taking a leading role in society and continuously innovating, universities will support communities with achieving a sustainable growth and therefore will contribute to increasing the well-being of society at large. The current paper aims to assess the university obligations to society by analyzing 27 universities around the world best ranked in social responsibility according to QS Stars University Rating 2016. In the paper, we discuss the extent to which different attributes of the university social responsibility are reflected among the initiatives and projects run by the universities included in the study. Also, an exploratory factor analysis was employed to identify underlying variables that explain the pattern of correlations between university social responsibility initiatives. Following the QS Stars methodology, the dimensions used to evaluate social responsibility of sampled universities included: community investment and development, social work and disaster relief, regional human capital development, and environmental impact. The results show that the level of involvement in social responsibility actions is high for all the universities included in the study. Also, the types of initiatives vary in terms of nature, intensity and impact for each one of the dimensions analyzed. Our research findings offer useful insights for both

Tracking investments by financial institutions in tobacco companies (2007-2016 - what tobacco control advocates need to know and do about it?

Directory of Open Access Journals (Sweden)

Pranay Lal

2018-03-01

Definition of socially responsible investments within the perspective of screening tobacco investments is perceived variably by financial institutions. Also in the absence of a watchdog institution and few disincentives for truant behaviour, investors continue to invest tobacco companies. Tobacco control advocates need to monitor investments made by large lending banks and financial institutions in tobacco industry and ensure that banks which have committed to SRI codes conform to them.

The Local Social and Environmental Impacts of Smallholder-Based Biofuel Investments in Zambia

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Laura German

2011-12-01

Full Text Available High oil prices, recent commitments by industrialized countries to enhance the use of renewable energy, and efforts by developing countries to stimulate foreign investment as a pathway to development have fueled high levels of interest in the biofuel sector throughout much of sub-Saharan Africa. Zambia is no exception. A large, land-locked country with high pump prices and vast tracts of land considered by many to be "degraded" or "underutilized," investor interest in the sector has remained high despite uncertainties associated with unproven feedstocks and market fluctuations. While investment in multiple feedstock and production models may be observed, one of the primary investments has been in jatropha outgrower schemes in which small-scale farmers grow feedstock on contract with domestic and foreign investors. We assess the history and evolution of the largest such scheme in Zambia, as well as the social and environmental impacts in two districts with large numbers of outgrowers. Findings suggest that, although such a production model may hold promise for enhancing rural livelihood benefits from the emerging biofuel sector, to date, small-scale farmers have borne the brunt of the risk and uncertainty that are the trademarks of this emerging industry. We conclude with a discussion of options to minimize forest conversion and protect farmers against high-risk investments, while harnessing the potential of this business model for enhancing rural livelihoods in Zambia and elsewhere.

Parental Educational Investments and Aspirations in Japan

Science.gov (United States)

Lee, Kristen Schultz

2010-01-01

Previous models of parental educational investments focus on the composition of the sibship (number, gender, ordering, and spacing) and on the social and institutional context in which investment decisions are made. Social-institutional models predict that parents in Japan are likely to underinvest in girls because of their transient status in the…

Social Responsibility of Hospitality Industry Enterprises

Directory of Open Access Journals (Sweden)

Nuray Türker

2013-09-01

Full Text Available The main aim of this study is to determine the views of employees and managers working at the hospitality industry in Safranbolu towards the social responsibility of tourism enterprises, social responsibility activities carried out by the hotel enterprises, and their views on the advantages and contributions of social responsibility projects to the hotel business. This study will make contributions to the related literature on social responsibility at the hospitality industry by means of identifying the social responsibility activities of hotel enterprises, of which there is relatively limited number of studies.Within this context, a structured survey was conducted with 152 respondents including employees, managers and owners of the hotel enterprises through face to face interviews in order to determine the perceptions of employees towards social responsibility. SPSS 15 for Windows was used to analyze the data. The research has found that the employees working at hospitality industry in Safranbolu are sensitive to the social responsibilities and they act socially responsible in their activities. Additionally the results show that the respondents behave socially responsible towards guests, society and natural environment, but that they are less responsible towards the suppliers.

STUDY OF INVESTMENT AND ECONOMIC RELAUNCH

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VĂDUVA MARIA

2015-12-01

Full Text Available Investment is the main route of economic growth, and for carrying out a modern structures branches of production. By investments to ensure economic and social development of our country,

Do generation firms in restructured electricity markets have incentives to support social-welfare-improving transmission investments?

International Nuclear Information System (INIS)

Sauma, Enzo E.; Oren, Shmuel S.

2009-01-01

This paper examines the incentives that generation firms have in restructured electricity markets for supporting long-term transmission investments. In particular, we study whether generation firms, which arguably play a dominant role in the restructured electricity markets, have the incentives to fund or support incremental social-welfare-improving transmission investments. We examine this question in a two-node network and explore how such incentives are affected by the ownership of financial transmission rights (FTRs) by generation firms. In the analyzed two-node network, we show both (1) that the net exporter generation firm has the correct incentives to increase the transmission capacity incrementally up to a certain level and (2) that, although a policy that allocates FTRs to the net exporter generation firm can be desirable from a social point of view, such a policy would dilute the net-importer-generation-firm's incentives to support transmission expansion. Moreover, if all FTRs were allocated or auctioned off to the net exporter generation firm, then it is possible to increase both consumer surplus and social welfare while keeping the net exporter generation firm revenue neutral. (author)

Strategic approaches to CBRN decontamination research design and investment

International Nuclear Information System (INIS)

Jutro, P.

2009-01-01

Research funding is society's investment in its future, but in difficult economic times, investment in anything with a less than immediate payoff can be a challenge. Making federal research investment decisions for large scale issues with political, social, and economic consequences has always involved competition for available resources played out in universities, Federal executive departments and agencies, and in the authorizing and appropriating committees and subcommittees of the legislature. Designing a research program that relates to the national need for a long-term strategic approach to consequence management is a challenge in the natural and social sciences as well as in political analysis. A successful effort must involve intensive interactions by research managers with consequence managers, evaluation of the relative cost and potential effectiveness of alternative research strategies, an estimation of time to completion and potential for success of research, and having a common understanding of roles and responsibilities of national and local governments, as well as private enterprise and affected individuals. All this must be undertaken in concert with the development of risk communication strategies that are science-based but deal with managing societal expectations based on the costs and practicality of potential alternative suites of solutions.(author)

Deepening the Institutionalization of Service-Learning: The Added Value of Assessing the Social Return of Investment

Science.gov (United States)

Stanton-Nichols, Kathleen; Hatcher, Julie; Cecil, Amanda

2015-01-01

Strategies to institutionalize service-learning are well documented (Furco 1996; Holland, 2000). Using Kecskes (2009) Community-Engaged Department Rubric we evaluated service-learning institutionalization within a school at a metropolitan campus. As a result, we propose adding an additional dimension, social return on investment. This added…

Social innovation in the context of corporate social responsibility

Directory of Open Access Journals (Sweden)

María de Fátima León

2012-10-01

Full Text Available Faced with a reality characterized by unsolved social and environmental problems, it is common to observe the behavior of firms in terms of its contribution in the resolution or treatment of these problems. Many of these initiatives are examples of social innovations offering new products, processes and relationships in terms of benefiting the most disadvantaged groups in areas such as safety, health, education, environment, among others. In this sense, this documentary research examines the role of social innovation in the context of corporate social responsibility, through a review of theoretical topic of innovation, social innovation and corporate social responsibility. Also, through the filter of what can be considered social innovation, raises some examples of Venezuelan companies with socially responsible approaches moving toward maturity in a socially ethical enterprise.

Effects of Corporate Social Responsibility and Governance on Its Credit Ratings

Science.gov (United States)

Kim, Dong-young

2014-01-01

This study reviews the impact of corporate social responsibility (CSR) and corporate governance on its credit rating. The result of regression analysis to credit ratings with relevant primary independent variables shows that both factors have significant effects on it. As we have predicted, the signs of both regression coefficients have a positive sign (+) proving that corporates with excellent CSR and governance index (CGI) scores have higher credit ratings and vice versa. The results show nonfinancial information also may have effects on corporate credit rating. The investment on personal data protection could be an example of CSR/CGI activities which have positive effects on corporate credit ratings. PMID:25401134

Effects of corporate social responsibility and governance on its credit ratings.

Science.gov (United States)

Kim, Dong-young; Kim, JeongYeon

2014-01-01

This study reviews the impact of corporate social responsibility (CSR) and corporate governance on its credit rating. The result of regression analysis to credit ratings with relevant primary independent variables shows that both factors have significant effects on it. As we have predicted, the signs of both regression coefficients have a positive sign (+) proving that corporates with excellent CSR and governance index (CGI) scores have higher credit ratings and vice versa. The results show nonfinancial information also may have effects on corporate credit rating. The investment on personal data protection could be an example of CSR/CGI activities which have positive effects on corporate credit ratings.

Corporate social responsibility in hospitality

Directory of Open Access Journals (Sweden)

Snježana Gagić

2016-01-01

Full Text Available Responsible management of global hospitality companies increasingly recognizes how important are concerns about the society, the environment as well as all stakeholders in maintaining a good market position. In Serbia, the concept of corporate social responsibility is relatively unknown and insufficiently researched in all business areas, especially in the hospitality industry where small businesses are dominated. The papers task is to present particular activities that demonstrate social responsibility to employees, customers-guests, local communities as well as the environment. The paper aims to highlight the benefits of adopting the principles of corporate social responsibility and innovation applied in catering enterprises as an example of good corporate social responsibility practices.

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 communic......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...

Investment under Uncertainty with Manager-Shareholder Conflict

Science.gov (United States)

Shibata, Takashi; Nishihara, Michi

2009-09-01

This paper examines investment timing by the manager in a decentralized firm in the presence of asymmetric information. In particular, we extend the agency problem in a real options model to incorporate an audit technology which allows the owner, at a cost, to verify private information. The implied investment triggers include those in three related papers: standard full information model (e.g., McDonald and Siegel, 1986); Grenadier and Wang (2005); Shibata (2009). An increase in the penalty for the manager's false report always reduces inefficiency in the investment triggers, while it does not necessarily reduce inefficiency in the total social welfare. Most importantly, however, the full information investment triggers and total social welfare can be approximated arbitrarily closely by making the penalty sufficiently large.

Characterizing socially avoidant and affiliative responses to social exclusion

Directory of Open Access Journals (Sweden)

Katherine Elizabeth Powers

2012-07-01

Full Text Available Humans have a fundamental need for social relationships. From an evolutionary standpoint, the drive to form social connections may have evolved as an adaptive mechanism to promote survival, as group membership afforded the benefits of shared resources and security. Thus, rejection from social groups is especially detrimental, rendering the ability to detect threats to social relationships and respond in adaptive ways critical. Previous research indicates that social exclusion alters cognition and behavior in specific ways that may initially appear contradictory. That is, although some studies have found that exclusionary social threats lead to withdrawal from the surrounding social world, other studies indicate that social exclusion motivates affiliative social behavior. Here, we review the existing evidence supporting accounts of avoidant and affiliative responses, and highlight the conditions under which both categories of responses may be simultaneously employed. Then, we review the neuroimaging research implicating specific brain regions underlying the ability to detect and adaptively respond to threats of social exclusion. Collectively, these findings are suggestive of neural system highly attuned to social context and capable of motivating flexible behavioral responses.

Brief Report: Chimpanzee Social Responsiveness Scale (CSRS) Detects Individual Variation in Social Responsiveness for Captive Chimpanzees

Science.gov (United States)

Faughn, Carley; Marrus, Natasha; Shuman, Jeremy; Ross, Stephen R.; Constantino, John N.; Pruett, John R., Jr.; Povinelli, Daniel J.

2015-01-01

Comparative studies of social responsiveness, a core impairment in autism spectrum disorder (ASD), will enhance our understanding of typical and atypical social behavior. We previously reported a quantitative, cross-species (human-chimpanzee) social responsiveness measure, which included the development of the Chimpanzee Social Responsiveness…

INVESTMENTS IN SOCIAL INFRASTRUCTURE DEVELOPMENT AS THE FACTOR OF FORMATION OF QUALIFIED PERSONNEL IN THE AGRICULTURE SECTOR

Directory of Open Access Journals (Sweden)

Menshikova M.A.

2008-06-01

Full Text Available In paper the condition of a social infrastructure of a countryside is considered. The basic sources of investments into a social infrastructure of village development are revealed. Offers on financing this sphere for attraction and working in an agriculture sector by professionally prepared youth and the improving standards of living of Russia’s countryside citizens are made. "Development of agrarian and industrial complex" is proposed on entering additions into the priority national project.

Invester Response to Consumer Elasticity, Nordic Energy Research

DEFF Research Database (Denmark)

Jensen, Stine Grenaa; Meibom, Peter; Ravn, Hans V.

2004-01-01

. The simulated investment decisions are taken in a stochastic, dynamic setting, where a key point is the timing of the investment decision in relation to the gathering of new information relative to the stochastic elements. Based on this, the consequences of the development in consumer price elasticity......, and it is generally assumed that the demand side has an important role in this, and increasingly so. However, since consumers have not earlier had the incentive to respond to electricity prices, no reliable estimate of demand elasticity is known. The purpose of the present study is to analyse the role of electricity...... demand elasticity for investments in new electricity production capacity. Electricity price scenarios generated with a partial equilibrium model (Balmorel) are combined with a model of investment decisions. In this, various scenarios concerning the development in the demand elasticity are used...

A tale of values-driven and profit-seeking social investors

NARCIS (Netherlands)

Derwall, J.M.M.; Koedijk, C.G.; Ter Horst, J.R.

2011-01-01

The segmentation of the socially responsible investing (SRI) movement with a values-versus-profit orientation solves the puzzling evidence that both socially responsible and controversial stocks produce superior returns. We derive that the segment of values-driven investors primarily uses “negative”

Model for Managing Corporate Social Responsibility

Directory of Open Access Journals (Sweden)

Tamara Vlastelica Bakić

2015-05-01

Full Text Available As a crossfuncional process in the organization, effective management of corporate social responsibility requires a definition of strategies, programs and an action plan that structures this process from its initiation to the measurement of end effects. Academic literature on the topic of corporate social responsibility is mainly focused on the exploration of the business case for the concept, i.e., the determination of effects of social responsibility on individual aspects of the business. Scientific research so far has shown not to have been committed to formalizing management concept in this domain to a satisfactory extent; it is for this reason that this paper attempts to present one model for managing corporate social responsibility. The model represents a contribution to the theory and business practice of corporate social responsibility, as it offers a strategic framework for systematic planning, implementation and evaluation of socially responsible activities and programs.

Social entrepreneurship as a form of social responsibility in Bulgaria

OpenAIRE

Ilieva-Koleva Daniela; Dobreva Julia

2015-01-01

Social entrepreneurship is becoming a popular form of social responsibility and a way to solve a variety of urgent social problems. In order for a society to boost social entrepreneurship it needs a specific environment where such ideas can emerge and develop into an active business activity. This paper aims to provide a comprehensive literature review of the terms social responsibility and social entrepreneurship and to examine the current social entrepreneurship activities in Bulgaria. The ...

The cost-effectiveness and return-on-investment of a combined social and physical environmental intervention in office employees

NARCIS (Netherlands)

van Dongen, J M; Coffeng, J K; van Wier, M F; Boot, Cecile R. L.; Hendriksen, I.J.M.; van Mechelen, W.; Bongers, Paulien M.; Van Der Beek, Allard J.; Bosmans, J E; van Tulder, M W

2017-01-01

This study explored the cost-effectiveness and return-on-investment of a combined social and physical environmental worksite health promotion program compared with usual practice, and of both intervention conditions separately. Participants were randomized to the combined intervention (n = 92),

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

IMPROVING THE PROVISION OF STATE GUARANTEES UNDER CREDITS OR BONDED LOANS RAISED FOR INVESTMENT PROJECTS IMPLEMENTATION

Directory of Open Access Journals (Sweden)

Lola D. Sanginova

2015-01-01

Full Text Available Importance: Under current conditions, the Russian economy needs investment resources to ensure sustainable social and economic development. One of instruments of state-financing backing that can be used to support capital intensive, economically viable, financially and socially efficient investment projects that create "growing points" are state guarantees of theRussian Federation.Objective: The objective of this study is to identify possible ways to improve the requirements and procedures of providing state guarantees of theRussian Federationwhich contribute to the increase in the quantity and quality of investment projects of high social importance. Methods: Through the use of general scientific methods, analysis and synthesis, induction and deduction the possibility of creating a more attractive environment for principals is analyzed, measures to reduce the risk for public legal entities in providing state guarantees of theRussian Federationunder credits or bonded loans raised for investment projects implementation.Results: Principles of state guarantee support that ensure the interests of both the principals and the guarantor are defined. The basic directions for improving the mechanism how state guarantees of theRussian Federationsupport investment projects are justified. These directions include increasing availability of obtaining state guarantee support by lowering the cost of investment projects for which the state guarantees may be provided; reducing time of decision making on granting a state guarantee; increasing the creditors’ responsibility for a qualitative assessment of the creditworthiness of principals and investment projects; changing the methodology for assessing the social efficiency of investment projects; increasing the information transparency of provided state guarantees of the Russian Federation.Conclusions: The main result of this study is that under current conditions of economic turbulence state guarantees of the

The Social Responsibility Performance Outcomes Model: Building Socially Responsible Companies through Performance Improvement Outcomes.

Science.gov (United States)

Hatcher, Tim

2000-01-01

Considers the role of performance improvement professionals and human resources development professionals in helping organizations realize the ethical and financial power of corporate social responsibility. Explains the social responsibility performance outcomes model, which incorporates the concepts of societal needs and outcomes. (LRW)

The Ethical Challenges of Socially Responsible Science.

Science.gov (United States)

Resnik, David B; Elliott, Kevin C

2016-01-01

Social responsibility is an essential part of the responsible conduct of research that presents difficult ethical questions for scientists. Recognizing one's social responsibilities as a scientist is an important first step toward exercising social responsibility, but it is only the beginning, since scientists may confront difficult value questions when deciding how to act responsibly. Ethical dilemmas related to socially responsible science fall into at least three basic categories: 1) dilemmas related to problem selection, 2) dilemmas related to publication and data sharing, and 3) dilemmas related to engaging society. In responding to these dilemmas, scientists must decide how to balance their social responsibilities against other professional commitments and how to avoid compromising their objectivity. In this article, we will examine the philosophical and ethical basis of social responsibility in science, discuss some of the ethical dilemmas related to exercising social responsibility, and make five recommendations to help scientists deal with these issues.

Sanitation investments in Ghana

DEFF Research Database (Denmark)

Awunyo-Akaba, Y.; Awunyo-Akaba, J.; Gyapong, M.

2016-01-01

with people’s willingness and ability to invest in household sanitation across all communities. The status of being a stranger i.e. migrant in the area left some populations without rights over the land they occupied and with low incentives to invest in sanitation, while indigenous communities were challenged......Background: Ghana’s low investment in household sanitation is evident from the low rates of improved sanitation. This study analysed how land ownership, tenancy security and livelihood patterns are related to sanitation investments in three adjacent rural and peri-urban communities in a district...... communities were triangulated with multiple interview material and contextual knowledge on social structures, history of settlement, land use, livelihoods, and access to and perceptions about sanitation. Results: This study shows that the history of settlement and land ownership issues are highly correlated...

Body-Image Evaluation and Body-Image Investment among Adolescents: A Test of Sociocultural and Social Comparison Theories

Science.gov (United States)

Morrison, Todd G.; Kalin, Rudolf; Morrison, Melanie A.

2004-01-01

Sociocultural theory and social comparison theory were used to account for variations in body-image evaluation and body-image investment among male and female adolescents (N = 1,543). Exposure to magazines and television programs containing idealistic body imagery as well as frequency of self-comparison to universalistic targets (e.g., fashion…

Social responsibility and financial performance: The role of good corporate governance

Directory of Open Access Journals (Sweden)

Mercedes Rodriguez-Fernandez

2016-04-01

The results of this analysis have practical applications in the boardroom; they are proof that all social policies increment financial resources, and vice versa, that increased financial performances lead to greater social benefits. As a consequence, this paper encourages all board members to seriously weigh investing financial resources in developing policies that boost the levels of social behavior components in order to contribute globally to the improvement of society.

Public administration social responsibility of business entities

Directory of Open Access Journals (Sweden)

N. H. Shpankovskaya

2016-03-01

Full Text Available Social responsibility of a business entity is seen as an effective tool of public administration. The current stage of development of social responsibility in Ukraine requires state involvement, as its vision by business entities are different, and there is also a need to develop a national model of social responsibility on the basis of international standards, because Ukraine, on the one hand, has the national characteristics of implementation of social initiatives and, on the other, the conditions and resources for their implementation is different from developed market economies. The visions of on social responsibility in the scientific literature are also different. This was the basis for the determination of her essence. We analyzed the interpretations of social responsibility and identified their advantages and disadvantages. Formulation of social responsibility, which is submitted in article, actualizes ecological orientation of the business entity taking into account the need for responsible behavior, and responsibility for actions, which violate the norms of society.

Solution of Media Risk and Social Responsibility Governance of Social Media

Directory of Open Access Journals (Sweden)

Zhang Yuan

2017-01-01

Full Text Available The rapid development of media technology makes the modern society become a “social media” or even “over social media”, the rise of social media makes it beyond the tool attribute, and become an important force in the reconstruction of contemporary society, the risk of concomitant. The anomie and breach of Social media regularly staged, weakened its positive social function, forcing us to think about the social responsibility of social media,which are reflections on the lack of responsibility, but also positive response of resolving the media risk and ask for moral strength.

Knowledge Mobilization, Collaboration, and Social Innovation: Leveraging Investments in Higher Education

Directory of Open Access Journals (Sweden)

Naomi Nichols

2013-05-01

Full Text Available This article is a qualitative literature synthesis in the areas of community-campus collaborations, knowledge mobilization and social innovation. The article aims to be useful to people who work in academic settings, community organizations, public institutions, and government. The authors utilized a purposive sampling methodology to explore the following questions: 1. How can university-based knowledge mobilization leverage investments in higher education research and development (R&D through community-campus collaboration and social innovation? 2. What is the role of university-wide knowledge mobilization projects in supporting community-campus connections and ultimately social innovation strategies that contribute to the public good? Our review indicates considerable interplay between community-campus collaborations, knowledge mobilization and social innovation given that knowledge mobilization facilitates – and is facilitated by – collaboration. With sufficient knowledge mobilization, community-campus collaborations stimulate social innovation. The article concludes with recommendations based on our review of the literature.RÉSUMÉCet article se fonde sur une synthèse littéraire qualitative portant sur les collaborations communautaires/académiques, la mobilisation du savoir et l’innovation sociale. Il se veut utile pour toute personne travaillant dans un milieu académique, un organisme communautaire ou une institution publique. Les auteurs ont recours à une méthode d’échantillonnage raisonné pour répondre aux questions suivantes : 1. Comment la mobilisation du savoir universitaire – au moyen de la collaboration communautaire/académique et de l’innovation sociale – peut-elle faire augmenter les investissements en recherche et développement dans l’enseignement supérieur? 2. Comment les projets de mobilisation du savoir universitaire peuvent-ils resserrer les liens entre campus et communauté et, en fin de compte

Corporate Social Responsibility in Online Social Networks

DEFF Research Database (Denmark)

Horn, Christian; Brem, Alexander; Wölfl, S.

2014-01-01

Considering growing public awareness of social, ethical and ecological responsibility, companies have constantly been increasing their efforts in CSR communications. Social Media as tools of brand communication receive increasing attention and it is expected that the marketing sector...

Social responsibility as modern conception of business

OpenAIRE

Vorona, E.

2010-01-01

Research of social responsibility is conducted in the context of theory of socialization of the economic systems. Approaches are considered to essence of concept «Social responsibility». The positive consequences of realization of social responsibility and its connection are certain with a competitiveness and efficiency

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.

Energy upgrades as financial or strategic investment? Energy Star property owners and managers improving building energy performance

International Nuclear Information System (INIS)

Gliedt, Travis; Hoicka, Christina E.

2015-01-01

Highlights: • Energy Star property owners/managers view energy as strategic or financial investments. • Energy performance improvements and motivations differ by property type. • Energy projects are most often funded by internal cash reserves. • Motivations and funding sources differ by type of energy project. • Environmental sustainability is an important criterion in many energy projects. - Abstract: Due to its significant carbon footprint and cost-effectiveness for upgrades, the commercial property sector is important for climate change mitigation. Although barriers to energy system changes, such as funding, financing and information, are well recognized, Energy Star property owners and managers are successfully overcoming these barriers and instigating energy efficiency upgrades, renewable energy installations, and behavior and management programs. To examine the decision-making process that leads to energy performance improvements, a national survey of property owners and management organizations of buildings that earned an Energy Star score of 75 or higher was conducted. The extent to which energy upgrades were considered strategic investments motivated by environmental sustainability or corporate social responsibility, or financial investments motivated by payback period or return-on-investment criteria, was contingent upon the property type and type of energy project. Environmental sustainability was found to be an important motivation for energy projects in office spaces in general, but in the case of smaller office spaces was often combined with motivations for corporate social responsibility. Energy projects on education properties were motivated by financial investment. Building envelope and mechanical efficiency upgrades were considered financial investments, while renewable energy, green roofs, and water conservation technologies were considered environmental sustainability initiatives

Social Responsibility of Accounting

OpenAIRE

JINNAI, Yoshiaki

2011-01-01

Historical and theoretical inquiries into the function of accounting have provided fruitful insights into social responsibility of accounting, which is, and should be, based on accounts kept through everyday accounting activities. However, at the current stage of capitalist accounting, keeping accounts is often regarded as merely a preparatory process for creating financial statements at the end of an accounting period. Thus, discussions on the social responsibility of accounting tend to conc...

Social responsibility in nursing education.

Science.gov (United States)

Mayo, K

1996-03-01

Nurses will be key participants in health care reform as health care shifts from a hospital-based disease orientation to a community-centered health promotion focus. Nursing in communities, the environmental context of clients' everyday lives, requires attention to social, economic, and political circumstances that influence health status and access to health care. Therefore, nursing educators have the responsibility to prepare future nurses for community-based practice by instilling moral and professional practice obligations, cultural sensitivity, and other facets of social responsibility. In this article, social responsibility and journaling, a teaching/learning strategy suggested by the new paradigm approach of the curriculum revolution, are explored. A qualitative research study of more than 100 nursing student journal entries illustrates the concept of social responsibility and how it developed in a group of baccalaureate nursing students during a clinical practicum in a large urban homeless shelter.

Corporate social responsibility

Directory of Open Access Journals (Sweden)

Arsić Zoran

2011-01-01

Full Text Available Corporate Social Responsibility (CSR is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. Definition emphasizes three basic characteristics of CSR. CSR is voluntary concept, it covers environmental issues and interaction with stakeholders, not only shareholders, is taken into account.

Social entrepreneurship as a form of social responsibility in Bulgaria

Directory of Open Access Journals (Sweden)

Ilieva-Koleva Daniela

2015-01-01

Full Text Available Social entrepreneurship is becoming a popular form of social responsibility and a way to solve a variety of urgent social problems. In order for a society to boost social entrepreneurship it needs a specific environment where such ideas can emerge and develop into an active business activity. This paper aims to provide a comprehensive literature review of the terms social responsibility and social entrepreneurship and to examine the current social entrepreneurship activities in Bulgaria. The analysis highlights the importance of social entrepreneurial ideas for improving the business climate in the country. A number of case studies are discussed to provide evidence of particular entrepreneurial activities which have successfully solved a number of social problems.

Essays on the social dimensions of investor behavior

OpenAIRE

Hoffmann, Arvid Oskar Ivar

2007-01-01

Traditional finance theories assume that investors only evaluate risk and expected returns when making investment decisions. More recent behavioral finance theories, however, argue that for many investors there is more to investing than only evaluating risk and returns. Examples hereof are investors who only invest in domestic companies or companies that operate in a social responsible way. This thesis examines the (personal) needs and behavior of individual investors in The Netherlands and c...

Whose crazy investment in sex?

Science.gov (United States)

Mandlis, Lane R

2011-01-01

By probing the processes of exclusion of transsexuals from the political sphere, this article offers contributions to social and political theory through an examination of the processes of exclusion from the category "human." This article considers how the erasure of investment in their own embodied sex constructs a platform from which to blame others for sex/gender variance, as well as to justify that blaming. Bringing together Giorgio Agamben, Georges Bataille, Judith Butler, and Nikolas Rose with transphobia, medicalization in psychiatry, law, and ethopolitics, this article questions whose investment in sexed embodiment counts and why that investment might be seen as "crazy."

Susceptibility to and impact of interpersonal influence in an investment context

NARCIS (Netherlands)

Hoffmann, A. O. I.; Broekhuizen, T. L. J.

2009-01-01

This paper demonstrates the relevance of consumers' susceptibility to interpersonal influence (CSII) in an investment context. In Study 1, a survey of individual investors, investment-related knowledge, psycho-social risks, and social needs emerge as antecedents that explain investors'

The social return on investment in the energy efficiency of buildings in Germany

International Nuclear Information System (INIS)

Kuckshinrichs, Wilhelm; Kronenberg, Tobias; Hansen, Patrick

2010-01-01

The German government has developed a variety of policy instruments intended to reduce national CO 2 emissions. These instruments include a programme administered by KfW bank, which aims at improving the energy efficiency of buildings. It provides attractive credit conditions or subsidies to finance refurbishment measures which improve the energy efficiency of buildings significantly. The refurbishment programme leads to a reduction in energy use, which benefits private investors by reducing their energy bills. In order to estimate whether the programme benefits society as a whole, additional effects must be taken into account, such as the amount of employment generated and the impact on the public budget. The aim of this paper is to evaluate the social benefits of the German CO 2 refurbishment programme for the years 2005-2007. An extended input-output model is used to estimate the effect of the refurbishment works on public revenue via taxes and social security contributions. The value of avoided CO 2 emissions is approximated using a range of marginal damage estimates from the literature. From these social benefits, the programme cost is deducted. The net social benefit thus computed turns out to be positive. This finding suggests that the refurbishment programme is a reasonable investment of public funds.

Transmission and wind investment in a deregulated electricity industry

DEFF Research Database (Denmark)

Maurovich-Horvat, Lajos; Boomsma, Trine Krogh; Fleten, Stein-Erik

2013-01-01

carrying out investment in wind farms. In this paper, we analyse the interaction between the two conflicting objectives under various assumptions about the electricity market structure and the degree of producers' market power. Via a three-node illustrative example, we show that a merchant investor...... the auspices of a regulated welfare-maximising planner, recent restructuring of electricity industries has introduced a merchant model for transmission investment, which provides congestion rents from construction of a new line. Thus, the merchant investor's incentives are different from those of producers...... typically builds less transmission capacity than a welfare-maximising transmission system operator or central planner. Although social welfare is lower and nodal prices are generally higher with a merchant investor and when producers are assumed to behave à la Cournot, the effect of lower price response...

Solution of Media Risk and Social Responsibility Governance of Social Media

OpenAIRE

Zhang Yuan; Li Ming-De; Zhang Hong-Bang

2017-01-01

The rapid development of media technology makes the modern society become a “social media” or even “over social media”, the rise of social media makes it beyond the tool attribute, and become an important force in the reconstruction of contemporary society, the risk of concomitant. The anomie and breach of Social media regularly staged, weakened its positive social function, forcing us to think about the social responsibility of social media,which are reflections on the lack of responsibility...

The glucocorticoid stress response is attenuated but unrelated to reproductive investment during parental care in a teleost fish.

Science.gov (United States)

O'Connor, Constance M; Yick, Claire Y; Gilmour, Kathleen M; Van Der Kraak, Glen; Cooke, Steven J

2011-01-15

We investigated whether circulating glucocorticoids and androgens are correlated with reproductive investment in smallmouth bass (Micropterus dolomieu), a teleost fish with sole paternal care. Circulating cortisol and androgens prior to and 25 min following a standardized 3 min emersion stressor were quantified for non-reproductive and parental fish across the parental care period. To experimentally investigate the influence of reproductive investment on endocrine parameters, we manipulated brood size (reduced, enlarged, sham-treated, or unmanipulated) 24h prior to sampling parental fish. We predicted that fish guarding offspring would exhibit increased androgens and baseline cortisol levels, and an attenuated cortisol response to the stressor when compared with non-reproductive individuals. We further predicted that these effects would scale with reproductive investment. As predicted, parental care-providing fish exhibited lower post-stress plasma cortisol concentrations than non-reproductive fish. This difference was strongest early during parental care. However, no differences in baseline or post-stress cortisol concentrations were detected among parents guarding offspring with varying brood sizes. There was, however, a trend for parental fish to exhibit an increased cortisol response following brood manipulation, regardless of the direction of change in brood size, a response that likely reflected disturbance. No differences were found in baseline cortisol concentrations. Circulating androgens were found to be highest during early parental care, and no differences were found among parents guarding manipulated broods. Collectively, these findings demonstrate that the endocrine stress response is affected by reproductive status, but the response in this model species does not appear to be scaled according to reproductive investment as predicted by life-history theory. Copyright © 2010 Elsevier Inc. All rights reserved.

Group Effects on Individual Attitudes Toward Social Responsibility.

Science.gov (United States)

Secchi, Davide; Bui, Hong T M

2018-01-01

This study uses a quasi-experimental design to investigate what happens to individual socially responsible attitudes when they are exposed to group dynamics. Findings show that group engagement increases individual attitudes toward social responsibility. We also found that individuals with low attitudes toward social responsibility are more likely to change their opinions when group members show more positive attitudes toward social responsibility. Conversely, individuals with high attitudes do not change much, independent of group characteristics. To better analyze the effect of group dynamics, the study proposes to split social responsibility into relative and absolute components. Findings show that relative social responsibility is correlated with but different from absolute social responsibility although the latter is more susceptible than the former to group dynamics.

Education as investment, consumption or adapting to social norm: Implications for educational mismatch among graduates

OpenAIRE

SELLAMI, Sana; VERHAEST, Dieter; NONNEMAN, Walter; VAN TRIER, Walter

2015-01-01

We investigate the role of four motives to participate in higher education – investment, educational consumption, student life consumption and social pressure – on field of study choices and academic performance and on three labour market outcomes – over-education, wages and job satisfaction. We use data on three cohorts of about 3000 Flemish individuals documenting the transition from education to work. Principal components are used to identify the four study motives. Effects of study motive...

Development Finance Institutions’ Effect on The Fund Manager’s Investment Decisions : Balancing Financial Performance Goals and Development Impact Objectives

OpenAIRE

Adolfssson, Alexander; Åström, Marie

2016-01-01

Development Finance Institutions (DFIs) have played a crucial role in moving socially responsibility considerations up on the private equity industry’s agenda. DFIs add a development impact criterion to traditional financial performance goals in the investment industry and play a catalytic role by mobilizing other investors. The gap in research regarding DFIs implications and significance in the investment community from a SRI perspective is evident. The development impact objective introduce...

The social responsibility as the basis for effective management and the condition for increasing the modern organization competitiveness

Directory of Open Access Journals (Sweden)

M. A. Gurina

2017-01-01

Full Text Available The article deals with the organization management based on the strategy of social responsibility implementation that supplies the conditions for a company's competitiveness development. The theoretical statements by the leading foreign researchers about the key role of social factors in an organization success and the main conditions of competitiveness such as human resources, staff competences, customers' pleasure, an organization's reputation, organizational and managing capacity, etc. The author discusses the idea of the new aim of the management paradigm is "social business" development in the economy. Despite the fact that entrepreneurship is still based on getting the economical benefit, the competitive area, the methods and the relationship between the profit and the competitiveness have changed in the post-industrial era. The change of the consuming society structure and the complication of the competitive area make us look for other sources of competitiveness, such as investments into the human resources. Such an approach to competitiveness is more and more spread among the foreign and national companies and allows to include social aspects management into the development strategy of a company. It is stated that a socially responsible company includes social goals in the production process, thus ensuring a competitive advantage in business. An important conclusion of the research is that socially responsible organizations create better conditions for the territories’ development where they provide the society with a generally higher welfare level.

Analysis of Scientific and Methodical Approaches to Portfolio Investment as a Tool of Financial Provision of Sustainable Economic Development

Directory of Open Access Journals (Sweden)

Leus Daryna V.

2013-12-01

Full Text Available The article analyses scientific and methodical approaches to portfolio investment. It develops recommendations on specification of the categorical apparatus of portfolio investment in the context of differentiation of strategic (direct and portfolio investments as alternative approaches to the conduct of investment activity. It identifies the composition and functions of objects and subjects of portfolio investment under conditions of globalisation of the world financial markets. It studies main postulates of the portfolio theory and justifies a necessity of identification of the place, role and functions of subjects of portfolio investment in them for ensuring sustainable development of the economy. It offers to specify, as one of the ways of further development of portfolio theories, a separate direction in the financial provision of economy with consideration of ecologic and social components – socio responsible investment.

Connecting Corporate and Consumer Social Responsibility Through Social Media Activism

DEFF Research Database (Denmark)

Kampf, Constance Elizabeth

2018-01-01

To highlight aspects of activism obscured by a focus on legitimacy and ideology, this paper argues that shifting focus from legitimacy and ideology to identity, problem-solving & dialogue is needed to understand emerging forms of Social Media Native Activism that connect Consumer Social...... Responsibility (CnSR) and Corporate Social Responsibility (CSR). Taking this view as a basis for social activism offers a valuable perspective for understanding some emergent forms of social media activism towards business. Two cases of social media ‘native’ social activist organizations working to create...... movements are examined from this problem solving & dialogue-based perspective—Carrotmob, and the Good Guide. These cases represent examples of a post-dialectic frame for understanding how social media can affect approaches to activism....

Connecting Corporate and Consumer Social Responsibility Through Social Media Activism

DEFF Research Database (Denmark)

Kampf, Constance Elizabeth

2018-01-01

To highlight aspects of activism obscured by a focus on legitimacy and ideology, this paper argues that shifting focus from legitimacy and ideology to identity, problem-solving & dialogue is needed to understand emerging forms of Social Media Native Activism that connect Consumer Social Responsib......To highlight aspects of activism obscured by a focus on legitimacy and ideology, this paper argues that shifting focus from legitimacy and ideology to identity, problem-solving & dialogue is needed to understand emerging forms of Social Media Native Activism that connect Consumer Social...... Responsibility (CnSR) and Corporate Social Responsibility (CSR). Taking this view as a basis for social activism offers a valuable perspective for understanding some emergent forms of social media activism towards business. Two cases of social media ‘native’ social activist organizations working to create...

The Institutional System of Economic Agents’ Social Responsibility

Directory of Open Access Journals (Sweden)

Frolova Elena, A.

2015-12-01

Full Text Available In this paper it was made an attempt to analyse the main characteristics of the institutional system of economic agents social responsibility. The institutional system can be described as a complex of norms, rules, regulations and enforcement mechanisms in the context of interactions and communications of economic agents. The institutional nature of social responsibility allow to solve social dilemmas through the internalization of social responsibility norms and creating social value orientations, which are determine the prosocial behaviour of economic agents. The institutional system of social responsibility was described from the methodological institutionalism point of view. Analysing this phenomenon we are required to develop research on the objects of this system (norms, regulations, behaviour, on the subjects of this system (persons, business, government and on the institutional mechanisms (internalization of social responsibility norms, promoting prosocial behaviour, adaptation and transformation of the social responsibility norms aimed to ensure the understanding of origin and significance of social responsibility for modern society.

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...

Neural mechanisms linking social status and inflammatory responses to social stress.

Science.gov (United States)

Muscatell, Keely A; Dedovic, Katarina; Slavich, George M; Jarcho, Michael R; Breen, Elizabeth C; Bower, Julienne E; Irwin, Michael R; Eisenberger, Naomi I

2016-06-01

Social stratification has important implications for health and well-being, with individuals lower in standing in a hierarchy experiencing worse outcomes than those higher up the social ladder. Separate lines of past research suggest that alterations in inflammatory processes and neural responses to threat may link lower social status with poorer outcomes. This study was designed to bridge these literatures to investigate the neurocognitive mechanisms linking subjective social status and inflammation. Thirty-one participants reported their subjective social status, and underwent a functional magnetic resonance imaging scan while they were socially evaluated. Participants also provided blood samples before and after the stressor, which were analysed for changes in inflammation. Results showed that lower subjective social status was associated with greater increases in inflammation. Neuroimaging data revealed lower subjective social status was associated with greater neural activity in the dorsomedial prefrontal cortex (DMPFC) in response to negative feedback. Finally, results indicated that activation in the DMPFC in response to negative feedback mediated the relation between social status and increases in inflammatory activity. This study provides the first evidence of a neurocognitive pathway linking subjective social status and inflammation, thus furthering our understanding of how social hierarchies shape neural and physiological responses to social interactions. © The Author (2016). Published by Oxford University Press. For Permissions, please email: journals.permissions@oup.com.

Flexible investment under uncertainty in smart distribution networks with demand side response: Assessment framework and practical implementation

International Nuclear Information System (INIS)

Schachter, Jonathan A.; Mancarella, Pierluigi; Moriarty, John; Shaw, Rita

2016-01-01

Classical deterministic models applied to investment valuation in distribution networks may not be adequate for a range of real-world decision-making scenarios as they effectively ignore the uncertainty found in the most important variables driving network planning (e.g., load growth). As greater uncertainty is expected from growing distributed energy resources in distribution networks, there is an increasing risk of investing in too much or too little network capacity and hence causing the stranding and inefficient use of network assets; these costs are then passed on to the end-user. An alternative emerging solution in the context of smart grid development is to release untapped network capacity through Demand-Side Response (DSR). However, to date there is no approach able to quantify the value of ‘smart’ DSR solutions against ‘conventional’ asset-heavy investments. On these premises, this paper presents a general real options framework and a novel probabilistic tool for the economic assessment of DSR for smart distribution network planning under uncertainty, which allows the modeling and comparison of multiple investment strategies, including DSR and capacity reinforcements, based on different cost and risk metrics. In particular the model provides an explicit quantification of the economic value of DSR against alternative investment strategies. Through sensitivity analysis it is able to indicate the maximum price payable for DSR service such that DSR remains economically optimal against these alternatives. The proposed model thus provides Regulators with clear insights for overseeing DSR contractual arrangements. Further it highlights that differences exist in the economic perspective of the regulated DNO business and of customers. Our proposed model is therefore capable of highlighting instances where a particular investment strategy is favorable to the DNO but not to its customers, or vice-versa, and thus aspects of the regulatory framework which may

Corporate Social Responsability and Organization Policy

Directory of Open Access Journals (Sweden)

Nicoleta CRISTACHE

2011-11-01

Full Text Available At a time when the world is interested in phenomena such as, ecology, environment, food safety, ozone layer depletion, famine and their effects on social responsibility initiatives are becoming increasingly well received. Even if you can not give a real dimension of the concept of social responsibility-taking as any guarantee of success, an organization must be aware that there is only a tool for maximizing the value of image design, but an essential element of long-term success in direct connection with social and environmental performance of the community. To work is to highlight the link between corporate social responsibility strategies and success in solving organizational policies company issues under restrictive conditions imposed by nouile economic, social and political.

Social responsibility as part of the organizational culture in socially responsible enterprises: content analysis betweenpractice and speech A responsabilidade social como parte integrante da cultura organizacional em empresas socialmente responsáveis: análise de conteúdo entre a prática e o discurso

Directory of Open Access Journals (Sweden)

Márcia Bianchi

2013-05-01

Full Text Available Insecurity in terms of sustainability of the planet is increasingly evident in society, causing companies incorporate social aspects into their business models in order to fit social requirements. The objective of this study is to identify the relation between the elements constituents of organizational culture and social responsibility of companies socially responsible, that take part in the Social Responsibility Prize, held by the Legislative Assembly of the State of Rio Grande do Sul, in the year of 2011, with base year 2010, as well as identify the relation between the content of elements constituents of organizational culture and the respective financial investments in social practices. To summarize, to analyze the consistency between the practice and what is said. This research classifies itself as qualitative regarding the form of approach of the researching problem, as exploratory according to its objectives and as documentary research referring to technical procedures utilized. Besides the analysis of the content of the elements constituents of organizational culture, it is also used the econometric analysis. Among the 171 companies that take part the section restricted itself to 19 companies that compose the category of large companies and that contained the vision, the mission and the valuers of organization disposable in your homepages. The results of this study indicate that the social practices done by the researched companies materialize effectively as corporate social responsibility, once that they are inserted in the organizational culture. Furthermore, it was possible to conclude that what is inside the organizational strategies of the companies, in study, is little effectuated in it's investments. A insegurança em termos de sustentabilidade do planeta é cada vez mais evidente na sociedade, fazendo com que as empresas incorporem os aspectos sociais em seus modelos de gestão, de modo a se adequarem às exigências sociais. O

Fiscal versus social responsibility: how Philip Morris shaped the public funds divestment debate

Science.gov (United States)

Wander, N; Malone, R E

2006-01-01

Calls for institutional investors to divest (sell off) tobacco stocks threaten the industry's share values, publicise its bad behaviour, and label it as a politically unacceptable ally. US tobacco control advocates began urging government investment and pension funds to divest as a matter of responsible social policy in 1990. Following the initiation of Medicaid recovery lawsuits in 1994, advocates highlighted the contradictions between state justice departments suing the industry, and state health departments expanding tobacco control programmes, while state treasurers invested in tobacco companies. Philip Morris (PM), the most exposed US company, led the divestment opposition, consistently framing the issue as one of responsible fiscal policy. It insisted that funds had to be managed for the exclusive interest of beneficiaries, not the public at large, and for high share returns above all. This paper uses tobacco industry documents to show how PM sought to frame both the rhetorical contents and the legal contexts of the divestment debate. While tobacco stock divestment was eventually limited to only seven (but highly visible) states, US advocates focused public attention on the issue in at least 18 others plus various local jurisdictions. This added to ongoing, effective campaigns to denormalise and delegitimise the tobacco industry, dividing it from key allies. Divestment as a delegitimisation tool could have both advantages and disadvantages as a tobacco control strategy in other countries. PMID:16728755

Corporations as social contractors : a study on corporate social responsibility

OpenAIRE

Kalstad, Marius Aas

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...

Market Power and Investment in Renewable Electricity Generation

DEFF Research Database (Denmark)

Ernstsen, Rune Ramsdal; Misir, Nihat

while incurring lower investment costs. We additionally find that highly convex investment cost greatly diminishes the impact of market power on the investment decisions. Furthermore, for both the strategic firm and the social planner, fixed baseload generation is preferable during low installed...... approach to evaluate the investment decisions. In our paper we do not only focus on the differences in costs for different technologies but also on the differences in operation of those technologies and how those differences impact the optimal investment decisions. In our model, the one-time investment...... decision requires the determination of demand shock trigger level, choice of technology and level of optimal capacity. We specifically investigate how the investment triggers, optimal capacities and technology choices change with the changes to the investment cost function, demand uncertainty and the level...

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.

Costs and limits of dosage response to predation risk: to what extent can tadpoles invest in anti-predator morphology?

Science.gov (United States)

Teplitsky, Céline; Plénet, Sandrine; Joly, Pierre

2005-09-01

Inducible defences have long been considered as a polyphenism opposing defended and undefended morphs. However, in nature, preys are exposed to various levels of predation risk and scale their investment in defence to actual predation risk. Still, among the traits that are involved in the defence, some are specific to one predator type while others act as a more generalised defence. The existence of defence costs could prevent an individual investing in all these traits simultaneously. In this study, we investigate the impact of an increasing level of predator density (stickleback, Gasterosteus aculeatus) on the expression of morphological inducible defences in tadpoles of Rana dalmatina. In this species, investment in tail length and tail muscle is a stickleback-specific response while increased tail fin depth is a more general defence. As expected, we found a relationship between investment in defence and level of risk through the responses of tail fin depth and tail length. We also found an exponential increase of defence cost, notably expressed by convex decrease of growth and developmental rates. We found a relative independence of investment in the different traits that compose the defence, revealing a high potential for fine tuning the expression of defended phenotypes with respect to local ecological conditions.

Theoretical Foundations of Corporate Social Responsibility

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K.

2017-05-01

Full Text Available The article’s objective is to reveal theoretical foundations of corporate social responsibility. It is argued that the financial crisis and its implications for the global economy have demonstrated once and again that stability of the global market is conditional on the responsible behavior, models of balanced business operation, active management, impact of business (companies on the social life, and regulatory framework. The global corporate social responsibility depends on problems associated with change in the global climate and deepened social inequality. The demand for social policy is tremendous at global and sectoral level. Business needs to be engaged in social issues because a new global social contract between business, government and society is required to ensure long-term stabilization and reproduction of wealth. It has become even more obvious at corporate level. It is shown that the notion of “social” has many meanings, but in the legal context it means the need to account, apart from the literary meaning of this norm, for the social context in which this norm operates. The notion “social” is synonymous to society, referring to not only business operation target but also to the responsibility of a businessman. It is demonstrated that the corporate social responsibility will work effectively and help achieve the organizations’ objectives if it has the parameters of an open system interacting with the environment. At the same time, it should be remembered that in keeping with the system characteristic of modern management theories addressing a company as a homogenous and target-oriented system all the internal processes occurring in one component of this system will have effects for its other components.

The effect of social network site use on appearance investment and desire for cosmetic surgery among adolescent boys and girls

NARCIS (Netherlands)

de Vries, D.A.; Peter, J.; Nikken, P.; de Graaf, H.

2014-01-01

Although adolescents frequently use social network sites, little is known about whether the highly visual and self-presentation-centered character of such sites affects body-related outcomes such as investment in appearance and appearance-changing strategies. Due to gender differences in appearance

The Implementation of Social Responsiveness Initiatives: Case of Lithuania

Directory of Open Access Journals (Sweden)

Valentinas Navickas

2015-03-01

Full Text Available A concept of social responsibility reflects public concerns and issues for a specific time, and these change with time. Various stakeholders as consumers, customers, employees, trade unions, communities, non-governmental organizations, foundations, donors, investors are more and more interested in the activities of companies (organizations, and influence on them in a variety of ways. Companies, for their part, also look for ways to meet the expectations of the public in the area of social responsibility. Corporate social responsiveness is an ability of business to respond to social pressure. The article analyzes the implementation of social responsiveness initiatives as organizational programs. Social responsiveness is understood as action dimension of corporate social responsibility. The paper deals with implementation of social responsiveness initiatives in Lithuania. Researched the socially responsiveness initiatives as organizational programs, the authors found that an active development of corporate social responsiveness positively influences on businesses and society relationship and contribute to sustainable development of region or country.

Defining response capacity to enhance climate change policy

International Nuclear Information System (INIS)

Tompkins, Emma L.; Neil Adger, W.

2005-01-01

Climate change adaptation and mitigation decisions made by governments are usually taken in different policy domains. At the individual level however, adaptation and mitigation activities are undertaken together as part of the management of risk and resources. We propose that a useful starting point to develop a national climate policy is to understand what societal response might mean in practice. First we frame the set of responses at the national policy level as a trade off between investment in the development and diffusion of new technology, and investment in encouraging and enabling society to change its behaviour and or adopt the new technology. We argue that these are the pertinent trade-offs, rather than those usually posited between climate change mitigation and adaptation. The preference for a policy response that focuses more on technological innovation rather than one that focuses on changing social behaviour will be influenced by the capacity of different societies to change their greenhouse gas emissions; by perceived vulnerability to climate impacts; and by capacity to modify social behaviour and physical environment. Starting with this complete vision of response options should enable policy makers to re-evaluate the risk environment and the set of response options available to them. From here, policy makers should consider who is responsible for making climate response decisions and when actions should be taken. Institutional arrangements dictate social and political acceptability of different policies, they structure worldviews, and they determine the provision of resources for investment in technological innovation and social change. The importance of focussing on the timing of the response is emphasised to maximise the potential for adjustments through social learning and institutional change at different policy scales. We argue that the ability to respond to climate change is both enabled and constrained by social and technological conditions

Responsibility in the activities of transnational companies

Directory of Open Access Journals (Sweden)

Wojciech Zysk

2016-10-01

Full Text Available The activities of transnational corporations bring many benefits, but also threats in the host countries and the world. The phenomenon of CSR, SRI and FT has been growing rapidly in recent years. The objectives of the article are: a description of the participation of transnational corporations in raising the level of stratification of society in the rich North and the poor South as well as an analysis of processes related to liability and justice – Corporate Social responsibility (CSR and Socially responsible investing (SRI, including the concept of Fair Trade (FT 3.0. Descriptive method was applied in respect to the first goal, in the case of second objective, the phenomena of CSR, responsible investing and Fair Trade 3.0. were examined and described. This study confirms prior voices that it is necessary to develop a new economy – the economy of social development – oriented to increase the standards of living and prosperity, and to stimulate economic growth and social development influencing positively the reduction of social inequalities. The originality of this work lays in proposal a new concept of Fair Trade 3.0 and indicates its theoretical assumptions. This is new concept of foreign trade is based on responsibility “towards others” and “for others”.

Renewable forms of Privatization of Education in Brazil: voluntary work and corporate social responsibility (CSR.

Directory of Open Access Journals (Sweden)

Silvana Aparecida de Souza

2009-06-01

Full Text Available This text brings conceptual search performed, which had to voluntary work in education, when connected to the actions called Corporate Social Responsibility (CSR. It can be said that such actions fall as renewable forms of privatization of education, through the precariousness of their supply and maintenance by the public, and that is the stimulus that each volunteer contributes to the maintenance of activity (education, legitimacy is ever more the idea that the government can not cope alone with all the responsibility. It follows therefore that this new form of privatization is done so indirectly, since the authorities did not formally abandon the responsibility for the financing and maintenance of the public education system, but there is a partial sharing of responsibilities with the citizens in condition of volunteers, as most of actions and donations made by virtue of the shares of CSR does not involve investments by the companies, but are a result of the call or direct donation of staff / volunteers.

Social Development Needs Analysis as a tool for SIA to guide corporate-community investment: Applications in the minerals industry

International Nuclear Information System (INIS)

Esteves, Ana Maria; Vanclay, Frank

2009-01-01

Mining companies are faced with growing societal demands that a sufficient portion of the benefits from mining should flow to local communities to ensure they are adequately compensated for the negative social impacts they experience. This paper considers how a more equitable benefit distribution system can be achieved through voluntary initiatives, recognising companies as potential agents for social development through the provision of improved services and infrastructure, capacity-building, employment and local economic development initiatives. Social Development Needs Analysis is introduced as an enhancement to participatory Social Impact Assessment methods to give practical guidance to site managers in evaluating community investment alternatives. Social Development Needs Analysis aims to identify the priority social issues that need to be addressed in order for a company to contribute to a net positive impact in the community while building assets for the business

Transnational Investments in Informational Capital

DEFF Research Database (Denmark)

D. Munk, Martin

This paper analyses the acquisition of informational capital, e.g. academic capital, measured as student mobility, and understood as transnational investments in prestigious foreign educational institutions. In the 1990s, educational “zones of prestige” have especially been the United States......) are more likely than students from other social classes to pursue transnational investments, even though students from the middle and working classes have now entered the competition. This result is also recently found in an analysis of Danish academic emigrants. All in all, the studies confirm...... the hypothesis that students from upper classes are more likely than others to invest in specific informational capital in the field of education, in national environments but also in international settings....

Social anxiety and the cortisol response to social evaluation in children and adolescents.

Science.gov (United States)

van den Bos, Esther; Tops, Mattie; Westenberg, P Michiel

2017-04-01

Contradictory findings have been reported on the relation between social anxiety and the cortisol response to social evaluation in youth. The present longitudinal study aimed to clarify this relation by taking pubertal development into account. Data were collected in two waves, two years apart, for a community sample of 196 participants, aged 8-17 years at Time 1. Pubertal development and social anxiety were assessed with self-report questionnaires. Salivary cortisol was obtained before and after participants completed the Leiden Public Speaking Task. Data were analyzed using regression analysis with clustered bootstrap. The dependent variable was the cortisol area under the curve. Social anxiety and pubertal development scores were decomposed into between- and within-participants components. Between participants, the relation between social anxiety and the cortisol response to public speaking varied with pubertal development: socially anxious individuals showed higher responses at low levels of pubertal development, but lower responses at high levels of pubertal development. Within participants, an increase in social anxiety over time was associated with a lower cortisol response. The results are in line with the suggestion that the responses of socially anxious individuals change from elevated in childhood to attenuated in adolescence and adulthood. Attenuation of the cortisol response is explained by theories proposing that the stress response changes with the duration of the stressor. Copyright © 2017 Elsevier Ltd. All rights reserved.

Corporate Social Responsibility in banking sector

Directory of Open Access Journals (Sweden)

Lucie Kvasničková Stanislavská

2012-01-01

Full Text Available After popularity increase of the concept of Corporate Social Responsibility over last century in the USA, with the 21st century the concept comes into the European Union as well, actually into Czech Republic. For the European Union, the concept of social responsibility becomes one of the tool for achieving the most competitive and dynamic knowledge-based economy (Lisbon Strategy, 2000. With the start of the financial and economic crisis, the European Commission sees in the Corporate Social Responsibility a way how to cope with the crisis. Also scientific studies (Ghoul, 2011; Gruz, 2009 indicate the positive influence of Corporate Social Responsibility on financial performance of the company. In the Czech Republic, the implementation of the concept is especially for multinational corporations. For example, Corporate Social Responsibility is very popular in financial sector, which the financial crisis did not damage so perceptible as in other countries of developed economies (Singer, 2009. This article defines on a theoretical level the concept of Corporate Social Responsibility, its development, its present form and the influence on financial performance of the company. Another part of the article focuses on three czech banking subjects (Česká spořitelna, Komerční banka a Československá obchodní banka, which regularly take the leading positions of the official corporate donors chart „TOP Filantrop“. The article explores the evolution of corporate donations and finds the connection between corporate donations and corporate profit and financial and economic crisis.

CORPORATE SOCIAL RESPONSIBILITY OF COMPANIES IN BOSNIA AND HERZEGOVINA

OpenAIRE

Čavalić, Admir; Bećirović, Damir

2017-01-01

The concept of corporate social responsibility implies that the company has far more responsibilities that overcome its basic economic responsibility. Corporate social responsibility is the imperative of modern business and one of the prerequisites for achieving competitive advantage. Thus, in order to be socially responsible, it is important for a company to demonstrate a certain level of responsibility towards its stakeholders. Historically, the concept of social responsibility has been the...

[Analysis on funds application of community based organizations involved in HIV/AIDS response and government financial investment in China, 2014].

Science.gov (United States)

Zhang, G; Zhu, Y X; Wang, P; Liu, P; Li, J F; Sha, S; Yang, W Z; Li, H

2017-03-06

Objective: To understand the government financial investments to community based organizations (CBO) involved in HIV/AIDS Control and Prevention of China and its influencing factors. Methods: Questionnaire of the situation of CBO involved in HIV/AIDS control and prevention were designed, and filled by the staff of Provincial Health Administrative Departments of 31 provinces (autonomous regions and municipalities). The research focused on the fields of CBO involved in HIV/AIDS response in 31 provinces (autonomous regions and municipalities), including intervention on HIV/AIDS high risk population (female sex worker (FSW), man who sex with man (MSM), drug user (DU) and case management and care for people living with HIV/AIDS (PLWH)). 29 valid questionnaires were collecting, with Shanxi Province and Inner Mongolia Autonomous Regions not filled. Questionnaire included financial supports from local governments, transfer payment from central government for CBO involved in HIV/AIDS response in 2014, and unit cost for CBO involved in HIV/AIDS control and prevention. Multivariate analysis was conducted on the project application and financial investment of community based organizations involved in HIV/AIDS control and prevention in 2014. Results: The total amount of CBO to apply for participation in AIDS prevention and control was 64 482 828 Yuan in 2014. The actual total amount of investment was 50 616 367 Yuan, The investment came from the central government funding, the provincial level government funding, the prefecture and county level government funding investment and other sources of funding. 22 of 28 provinces (autonomous regions and municipalities) received the funds from the central government finance, and median of investment funds 500 000 Yuan. 15 provinces (autonomous regions and municipalities) gained the funds from the provincial government finance, and median of investment funds 350 000 Yuan. 12 provinces (autonomous regions and municipalities) got the funds

Corporate Social Responsibility and Corporate Social Innovation: A Conceptual Understanding

Directory of Open Access Journals (Sweden)

Jali Muhamad Nizam

2017-01-01

Full Text Available In decades, various organizations worldwide engaged with Corporate Social Responsibility (CSR in order to show their corporate commitments and responsibilities towards societies at large. These commitments and responsibilities are coming from monetary and non-monetary resources for example cash, equipment’s and human resources whom are used for social purposes and activities that leads to a betterment of society and also to improved organization reputation. However, in today’s knowledge and innovation led economy, organizations can no longer affords to get involve in charity and community services merely to fulfil social return without having any sort of economic payoffs. This situation warrants organizations moving beyond CSR to Corporate Social Innovation. This paper explores conceptual understanding between CSR and Corporate Social Innovation. CSR is a traditional philanthropy and old paradigm which is somewhat no longer sufficient in coping with current economic situation. Hence, this paper provides an insight and suggests that corporate social innovation as an emergence new paradigm that perhaps could provide a comprehensive representation in the era of knowledge and innovation led economy that will leads to real change in improving the well-being of people’s life, enhance economic and technological growth. Furthermore, this paper also highlighted knowledge resource is the most significant resource of Corporate Social Innovation.

Corporate Social Responsibility, social contract, corporate personhood and human rights law: Understanding the emerging responsibilities of modern corporations

OpenAIRE

Amao, O

2008-01-01

Copyright @ 2008 Olufemi Amao. The social contract theory has been advanced as a theoretical basis for explaining the emerging practice of Corporate Social Responsibility (CSR) by corporations. Since the 17th century the social contract concept has also been used to justify human rights. The concept is the constitutional foundation of many western states starting with England, US and France. Business ethicists and philosophers have tried to construct and analyse the social responsibility o...

Stock Performance of Socially Responsible Companies

Directory of Open Access Journals (Sweden)

Huang Tzu-Man

2016-12-01

Full Text Available Every year Corporate Responsibility Magazine selects and ranks 100 companies on the basis of their corporate social responsibility. This study investigates the stock performance of socially responsible companies in the U.S. The monthly stock returns for these companies are analyzed and compared with the market performance, with the S&P 500 index designated as a proxy for the market. The empirical evidence suggests that these 100 companies outperform the market in their monthly stock returns. We also narrow down the number of companies selected to the top 75, 50, 25, and 10 firms. As we narrow down the companies selected, the difference between their returns and the market returns also narrows. In other words, a portfolio that includes all top 100 companies provides the best stock performance. We extend the analysis to long-term annual stock performance. We find that these socially responsible companies′ annual returns are higher than the market returns for up to seven years after they are listed. We also conduct the same analysis on the top 75, 50, 25, and 10 firms, respectively. Similarly, the larger the number of these top 100 companies, the greater the tendency to generate higher annual returns. We suspect that because the difference between the socially responsible companies′ average returns and the market returns is not dramatic, with a bigger population and thus a larger sample size, the difference becomes more significant. However, in practice, transaction costs must be considered. This study is limited in that it does not consider transaction costs. Nevertheless, we hope to shed some light on the issue of socially responsible companies′ stock performance to encourage companies to start thinking about the importance of corporate social responsibility.

The Role of Social Responsibility in Big Business Practics

OpenAIRE

V A Gurinov

2010-01-01

The study of corporate social responsibility has become especially relevant in national science in the context of the development of big business able to assume significant social responsibilities. The article focuses on the issues of the nature and specificity of social responsibility of big business in Russia. The levels of social responsibility and the arrangements for social programmes implementation are also highlighted.

Social responsibility: a new paradigm of hospital governance?

Science.gov (United States)

Brandão, Cristina; Rego, Guilhermina; Duarte, Ivone; Nunes, Rui

2013-12-01

Changes in modern societies originate the perception that ethical behaviour is essential in organization's practices especially in the way they deal with aspects such as human rights. These issues are usually under the umbrella of the concept of social responsibility. Recently the Report of the International Bioethics Committee of UNESCO on Social Responsibility and Health has addressed this concept of social responsibility in the context of health care delivery suggesting a new paradigm in hospital governance. The objective of this paper is to address the issue of corporate social responsibility in health care, namely in the hospital setting, emphasising the special governance arrangements of such complex organisations and to evaluate if new models of hospital management (entrepreneurism) will need robust mechanisms of corporate governance to fulfil its social responsiveness. The scope of this responsible behaviour requires hospitals to fulfil its social and market objectives, in accordance to the law and general ethical standards. Social responsibility includes aspects like abstention of harm to the environment or the protection of the interests of all the stakeholders enrolled in the deliverance of health care. In conclusion, adequate corporate governance and corporate strategy are the gold standard of social responsibility. In a competitive market hospital governance will be optimised if the organization culture is reframed to meet stakeholders' demands for unequivocal assurances on ethical behaviour. Health care organizations should abide to this new governance approach that is to create organisation value through performance, conformance and responsibility.

THE ROLE OF FOREIGN DIRECT INVESTMENT IN THE AUTOMOBILE

Directory of Open Access Journals (Sweden)

CEAUȘESCU IONUT

2015-08-01

Full Text Available Direct foreign investment consists of the placing of funds to an economic objective that works abroad, for the purpose of obtaining a certain degree of control over it. Therefore, foreign direct investments are those types of investments in which investors issuers of investment flows have the ability to control and decision on the activity of economic agents receivers of investments. Foreign direct investments have three components, namely: social capital, reinvested profit and loans inside the company. Foreign investment is at this time the engine Romania's development strategy, among the biggest investors in Romania in the country being French Renault group. The investment made, Renault has increased as a brand name, DACIA, extending over boundaries of the country even on the American continent were said so, benefited from your investment both Romanian state, as well as Renault.

The Role of Social Responsibility in Big Business Practics

Directory of Open Access Journals (Sweden)

V A Gurinov

2010-06-01

Full Text Available The study of corporate social responsibility has become especially relevant in national science in the context of the development of big business able to assume significant social responsibilities. The article focuses on the issues of the nature and specificity of social responsibility of big business in Russia. The levels of social responsibility and the arrangements for social programmes implementation are also highlighted.

Corporate Social Responsibility in banking sector

OpenAIRE

Lucie Kvasničková Stanislavská; K. Margarisová; K. Šťastná

2012-01-01

After popularity increase of the concept of Corporate Social Responsibility over last century in the USA, with the 21st century the concept comes into the European Union as well, actually into Czech Republic. For the European Union, the concept of social responsibility becomes one of the tool for achieving the most competitive and dynamic knowledge-based economy (Lisbon Strategy, 2000). With the start of the financial and economic crisis, the European Commission sees in the Corporate Social R...

State of the social responsibility art

OpenAIRE

Varela López, Leidy Viviana; Universidad de San Buenaventura Cali.

2015-01-01

From the eighties, it has been addressing the issue of corporate social responsibility, specifically toward the defense of human rights and climate change. However, although they have applied corporate social responsibility principles in some of the existing institutions, it is still very small the work being done around the specific activity of solid waste management. Some works have been compiled to build a state of the art for understanding in depth the concept of corporate social responsi...

Corporate Social Responsibility in the Hospitality Sector

Directory of Open Access Journals (Sweden)

Manisha Singal

2017-02-01

Full Text Available With its large footprint in terms of employment and consumption of natural resources, the hospitality is often at the forefront of social responsibility practices. From environmental to social causes, brands must make sure that their corporate social responsibility practices are both genuine and align with business strategy.

The Sociological Imagination and Social Responsibility

Science.gov (United States)

Hironimus-Wendt, Robert J.; Wallace, Lora Ebert

2009-01-01

In this paper, we maintain that sociologists should deliberately teach social responsibility as a means of fulfilling the promise that C. Wright Mills envisioned. A key aspect of the sociological imagination includes a sense of social responsibility, but that aspect is best learned through a combination of experience and academic knowledge.…

Investing in justice: ethics, evidence, and the eradication investment cases for lymphatic filariasis and onchocerciasis.

Science.gov (United States)

Bailey, Theodore C; Merritt, Maria W; Tediosi, Fabrizio

2015-04-01

It has been suggested that initiatives to eradicate specific communicable diseases need to be informed by eradication investment cases to assess the feasibility, costs, and consequences of eradication compared with elimination or control. A methodological challenge of eradication investment cases is how to account for the ethical importance of the benefits, burdens, and distributions thereof that are salient in people's experiences of the diseases and related interventions but are not assessed in traditional approaches to health and economic evaluation. We have offered a method of ethical analysis grounded in theories of social justice. We have described the method and its philosophical rationale and illustrated its use in application to eradication investment cases for lymphatic filariasis and onchocerciasis, 2 neglected tropical diseases that are candidates for eradication.

Turning round the tanker: oil companies and corporate social responsibility

International Nuclear Information System (INIS)

Flynn-English, Teresa

1999-01-01

This article focuses on the conversion of oil companies to Corporate Social Responsibility (CSR), and their dialogue with charities after their reputations plummeted earlier in this decade, and traces this change in corporate culture and the restructuring of toil company operations to take into account CSR. The growing business for CSR consultants and ethical investment companies, the role of charities such as Oxfam in promoting CSR, the fact that most of the world major oil reserves are in countries with human rights problems, the potency of peer pressure, and the competitive disadvantages now attached to companies having a negative impact are discussed. It is questioned whether the cultural transformation is just another PR exercise, and the unbridgeable gap between environmentally friendly operations advocated by Greenpeace and oil company operations, and the CSR performance of the oil giants are considered. Details of the Nigerian experience, codes for companies, and the views of Greenpeace and Amnesty are given. (UK)

Socially responsible firms

NARCIS (Netherlands)

Ferrell, A.; Liang, Hao; Renneboog, Luc

2016-01-01

In the corporate finance tradition, starting with Berle and Means (1932), corporations should generally be run to maximize shareholder value. The agency view of corporate social responsibility (CSR) considers CSR an agency problem and a waste of corporate resources. Given our identification strategy

DRIVING CORPORATE SOCIAL RESPONSIBILITY (CSR THROUGH THE COMPANIES ACT: AN OVERVIEW OF THE ROLE OF THE SOCIAL AND ETHICS COMMITTEE

Directory of Open Access Journals (Sweden)

Henk J Kloppers

2013-04-01

policy requiring the implementation of socially responsible practices by the entire private sector is a necessity. Governments in general are increasingly beginning to view CSR as cost-effective means to enhance their sustainable development strategies, and as a part of their national competitiveness strategies to attract foreign direct investment. Given South Africa's history, legislation should be viewed as one of the main instruments enabling the Government to address the private sector's social, environmental and economic outreach activities.Against this background, this contribution identifies the regulations released in terms of the Companies Act 71 of 2008 in which the issue of the social and ethics committee is dealt with, as an important measure taken by Government to create a possible CSR platform. This contribution argues that the requirements regarding the creation of a social and ethics committee have the potential to embed the CSR notion in the corporate conscience. The aim of the contribution is to provide an overview of the role of the social and ethics committee, as envisaged by the Companies Regulations, 2011, as a potential driver of CSR.

Social Economy and Responsibility

Directory of Open Access Journals (Sweden)

Eva Abramuszkinová Pavlíková

2012-01-01

Full Text Available Given the importance of entrepreneurial activities as an engine of economic growth and poverty alleviation, the issue of business development and entrepreneurial activities, has received increasing attention from a number of interested parties worldwide and also in the Czech Republic. The focus of this paper is on a social economy, a social responsibility and social enterprises. The development of the social economy framework will be introduced in the European context and specifically in the Czech Republic. A case study of a Czech social entrepreneur will be introduced based on qualitative research, namely the biographical narrative method.Social enterprises can support activities of various target groups, such as economic activities of mentally and physically handicapped people, which often operate in economically and socially marginalized situations, including stereotyped images. They give them a chance to become active members of society. In this way they can help to reduce the poverty on a local level. The aim of this paper is to introduce a social entrepreneurship as important part of social economy development in the Czech Republic.

Corporate social responsibility and customer behaviour, empirical ...

African Journals Online (AJOL)

The company reputation related to these fields has become a competition asset. ... to the specific customer's need related to the social responsibility of brands. ... socially responsible consumption, business ethics, relationship marketing ...

Social capital theory related to corporate social responsibility

Directory of Open Access Journals (Sweden)

Eva Abramuszkinová Pavlíková

2013-01-01

Full Text Available The article deals with corporate social responsibility and its relationship to strategic management dealing with acquisition, development and utilisation of essential inputs. They influence the design of processes related to the creation of products or services that satisfy customers’ needs. Authors claim that the successful securing, deployment and development of any input is of human origin or linked to human activity which means that the nature of relationships plays a crucial role. As businesses are not isolated, they operate on a global scale where the question of trust is very important. The concept of social capital stresses that trust in norms and reciprocity facilitate increased productivity in individuals, teams and organisations. Social capital promotes value-added collaboration including on-going and demonstrative transparency which can secure closer bonding among those group members. Business responsibility, CSR and Putnam’s definition of social capital is shown on real case studies as a sign of importance for credibility and effectiveness of any CSR efforts. It is evident that the good will and support garnered from CSR can be fragile and easily damaged.

CURRENT CONCERNS REGARDING THE CORPORATE SOCIAL RESPONSIBILITY IN ROMANIA

OpenAIRE

IONELA CARMEN PIRNEA; NICOLETA BELU; EMILIA IORDACHE

2012-01-01

The propose of this paper is to identify current concerns regarding the corporate social responsibility in Romania. First the paper present a short introduction about the concept of corporate social responsibility. Next the paper highlights the importance of corporate social responsibility in Romania and some results about the involvement of small and medium enterprises in social responsibility activities.

Multinational Oil Companies and Corporate Social Responsibilities ...

African Journals Online (AJOL)

Niger Delta Region, Nigeria), the concept of corporate social responsibility must be fully imbibed by the multinational oil companies. Therefore, this study examines multinational oil companies and corporate social responsibilities with particular ...

RISK AND THE FOREIGN DIRECT INVESTMENT - SYNTHETIC APPROACH

Directory of Open Access Journals (Sweden)

LĂPĂDUŞI MIHAELA LOREDANA

2016-06-01

Full Text Available As part of the international economics flows, FDI always puts a mark on the economic development of a country. The internationalization of a company by investments involves a great many risks, from the lowest to the highest level of involvement. On the basis of these considerations one can assess that the country risk is one of the most important pillars that support the process of internationalization of a company by means of foreign direct investments. Broadly sepaking, country risk is an important component of the overall risk of trading on international levels. In other terms it can be seen as the likelihood of losses resulting from a series of macroeconomic (GDP decline on the long run, inflation increase, economic crises, etc., social (conflicts between social classes, civil wars, riots, etc. and political events (wars, territorial claims, conflicts of interest, etc.. In order to identify the main country risk factors that influence the decision of corporations to invest abroad, AT Kearney (2004 performed an extensive survery among multinational corporations. Those risk factors that were most frequently mentioned included government regulations (64%, country financial risk (60%, currency or interest rate volatility (51% and political and social disturbance (46%.[11] The purpose of this article is to highlight a number of important factors that may affect the realization of a foreign direct investment, in other terms to influence "go-no-go" decisions, that is to invest or not to invest. Also, through the analysis of the influence of country risk over FDI one aims at evaluating the relationship between risk and potential gain resulting from conducting the respective business. The purpose of this article is an attempt to identify and develop aspects that outline a number of risk factors of influence over FDI.

Socially Responsible Firms

NARCIS (Netherlands)

Renneboog, L.D.R.; Liang, H.; Ferrell, A.

2014-01-01

In the corporate finance tradition starting with Berle & Means (1923), corporations should generally be run so as to maximize shareholder value. The agency view of corporate social responsibility (CSR) generally considers CSR as a managerial agency problem and a waste of corporate resources, since

Abnormal neural responses to social exclusion in schizophrenia.

Directory of Open Access Journals (Sweden)

Victoria B Gradin

Full Text Available Social exclusion is an influential concept in politics, mental health and social psychology. Studies on healthy subjects have implicated the medial prefrontal cortex (mPFC, a region involved in emotional and social information processing, in neural responses to social exclusion. Impairments in social interactions are common in schizophrenia and are associated with reduced quality of life. Core symptoms such as delusions usually have a social content. However little is known about the neural underpinnings of social abnormalities. The aim of this study was to investigate the neural substrates of social exclusion in schizophrenia. Patients with schizophrenia and healthy controls underwent fMRI while participating in a popular social exclusion paradigm. This task involves passing a 'ball' between the participant and two cartoon representations of other subjects. The extent of social exclusion (ball not being passed to the participant was parametrically varied throughout the task. Replicating previous findings, increasing social exclusion activated the mPFC in controls. In contrast, patients with schizophrenia failed to modulate mPFC responses with increasing exclusion. Furthermore, the blunted response to exclusion correlated with increased severity of positive symptoms. These data support the hypothesis that the neural response to social exclusion differs in schizophrenia, highlighting the mPFC as a potential substrate of impaired social interactions.

The importance of socially responsible strategic planning

Science.gov (United States)

Štrukelj, Tjaša

2017-10-01

This paper researches the importance of social responsible strategic planning regardless of the sector and shows research results on the case example of the selected tourism sector, which has economic and employment potential and social and environmental implications. Tourism sector is closely interdependent with transport sector and influences it. Therefore, the more we develop the tourism sector, the more the transport sector is developing as well. Based on Mulej’s Dialectical Systems Theory (DST) we found out that enterprises should integrate sustainability and social responsibility into their strategic planning if they want the Earth to survive. This urged the European Union, ISO International Standards Organization, many other organisations and many researchers. To make strategic planning socially responsible, enterprise’s governors should request social responsibility in business policy, which represents their governance guidelines and is implemented through the strategies set up by top managers and realised in the basic realisation process - their business operations.

Investment analysis of St. Petersburg and Leningrad region

Directory of Open Access Journals (Sweden)

E. A. Borkova

2016-01-01

Full Text Available This article discusses the need for new approaches to improve the competitiveness of North-West Federal District of Russia, which based on knowledge of tendencies of innovation development. Innovative development ensures sustainable development of the region. Analysis conducted by the author has the main idea to evaluate the prospects of economic development of the region. It is almost impossible to imagine the modern world without innovations occurred, that have become familiar, and future innovations contributing to the further evolution of the economic system. Most scientists agree on that innovation has become the main driving force of economic and social development. Therefore, the main research problem is the assessment of the prospects of economic and innovative development of the North-West Federal District and its place in the Economy of Russia. Russia - the country is so sharp inter-regional economic, social and political contrasts that each potential investor with sufficient information about the investment climate can select the region with the best conditions for investment. Usually the investor to make a decision is necessary to have estimates of the degree of investment attractiveness and the level of existing risks. The division of regions on the basis of the investment attractiveness allows more reasonable to formulate the basic principles of regional policy, as well as to encourage regional governments to more vigorous action to improve the investment climate. Analysis of investment attractiveness of the Russian Federation subjects showed that the regions have different investment opportunities (potentials, and they have different risk factors. Research investment processes involved in a huge number of economists and analysts. Additional investments are required in any industry. Whether it is to attract the investor to open a new business, maintaining the city-forming enterprise, a particular region or country as a whole.

Study of social responsibilities of Hubei seed enterprises

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Gangren Zhang

2017-03-01

Full Text Available The aim of this study is to analyze the current development situation of social responsibilities of Hubei seed enterprises in accordance with the specific features of them. Furthermore, it will also propose countermeasures and suggestions to improve the social responsibility level of Hubei seed enterprises. This study mainly applied document research method and questionnaire survey approach as the means to analyze the reason why there’s lack of social responsibilities among seed enterprises in Hubei. It also reached conclusions about how to improve the social responsibility level of Hubei seed enterprises from four aspects: enterprise, laws & regulations, social supervision, and government guidance & supervision, so as to provide theoretical reference for better development of Hubei seed industry.

Evaluating Foreign Direct Investment and Africa's Development ...

African Journals Online (AJOL)

The question of Africa's development has continued to occupy the front burner from the social and economic discussions by scholars of various divides. But Africa's development through foreign direct investment has become a recent challenge to the African continent. African social critics and commentators as well as ...

Male Partners' Investment and Alternatives as Correlates of Women's Coerced First Sexual Intercourse in Chinese Dating Relationships: A Social Exchange Perspective.

Science.gov (United States)

He, Shanshan; Tsang, Sandra

2016-10-01

Social exchange theory has great potential to help our understanding of dating partners' sexual interaction. Yet, to our knowledge, there is still no empirical study applying this theory to explain sexual coercion in the context of intimate relationships. This study examined the relationship between male partners' social exchange variables (investment and alternatives) and women's coerced first sexual intercourse in dating relationships, within both gender samples (not dyadic data). A total of 927 valid questionnaires were collected by purposive snowball sampling in five main cities in China of college students who were currently in a romantic relationship. Results showed that in the male sample, male partners' investment significantly and positively correlated with emotional manipulation coercive tactics, and their alternatives significantly and positively predicted defection threats as coercive tactics. In the female sample, there were no such observations. The research hypotheses of this study have been partially supported, and its implications and limitations are discussed.

Corporate social responsibility of business

Directory of Open Access Journals (Sweden)

Bryantseva M.V.

2017-08-01

Full Text Available the article is devoted to actual problems of corporate social responsibility (CSR in today's Russian society, where today it is recognized as one of the most important theoretical and practical problems in terms of establishing effective mutually beneficial cooperation between the state, business and various social institutions, and is the focus of scholars and practitioners of social and economic spheres of society.

Consumer Social Responsibility: Example of Cycling Service

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Jesevičiūtė-Ufartienė Laima

2017-12-01

Full Text Available The article presents research on consumer social responsibility based on the example of cycling service. The author analyses the tourism sector determining a relation between socially responsible behaviour of an organization and consumer behaviour.

Driving Corporate Social Responsibility (CSR) through the ...

African Journals Online (AJOL)

The corporate social responsibility (CSR) movement can be described as a bundle of trends ... important role to play in the creation of an enabling CSR environment. ... policy requiring the implementation of socially responsible practices by the ...

Social Responsibility Instruments

Directory of Open Access Journals (Sweden)

Katarzyna Mizera

2008-09-01

Full Text Available Responsible business notion is more and more present in Polish economy, however the results of the research carried out in Polish business still shows a low level of CRS idea knowledge, especially in small and medium companies. Although responsible business notion is generally known, its details, ways of preparing strategy, instruments and what is more its benefits are still narrowly spread. Many business people face the lack of knowledge and information, which on one hand make it easier to spread and deepen wrong stereotypes connected with this notion and on the other hand make business people unwilling to implement CRS in their companies. The subjects of this article are examples of instruments which are responsible for realization of social responsibility strategy.

The economic rationale for investing decisions innovative projects rationalization of investments for innovative projects

Directory of Open Access Journals (Sweden)

L. O. Zhitinskaya

2017-01-01

Full Text Available The article provides a selection of methods for determining the feasibility of an investment-innovative project. Estimated indicators are identified analytically, on their basis a conclusion is made about the economic efficiency and feasibility of the project, which is the basis of its competitiveness. Such growth analytics is necessary, since the social and economic development of the country and the region largely depends on the investment climate, which is facilitated by the legislation of the Russian Federation (the Tax Code of the Russian Federation, the law of the Russian Federation on the regulation of investment activities, etc.. Since competitiveness is also determined by the economic feasibility and financial solvency of innovative projects, modern information and software, as well as the methodology for project appraisal and the corresponding order of their implementation, are needed. In the Russian Federation, a method is used to assess the efficiency of capital investments in capitalist countries, as well as the methodology of economic (competitive analysis of investment-innovative projects. The basis of the method is that reimbursement of investments occurs in two economic forms: net profit and depreciation (net income. Of the numerous methods for assessing the feasibility of investment, the most often used along with discount methods (taking into account the factor of money changes over time, statistical methods with determining the payback period and the average rate of return on investment. Defined indicators: the net present value (NPV and the internal rate of return (IRR. The methodology specified in the article is useful to the investor in order to rationalize investment flows, helps to achieve the maximum IRR. The implementation of the innovative project serves the competitiveness of the manufacturing enterprise by increasing the technical and technological levels of the products.

Correlation between social responsibility and efficient performance in Croatian enterprises

Directory of Open Access Journals (Sweden)

Neda Vitezić

2011-12-01

Full Text Available The objective of the research is to establish if there is a correlation between efficiency and socially responsible business performance in Croatian enterprises. The research is based on the hypothesis that higher corporate efficiency affects social responsibility development in enterprises and vice versa, that socially more responsible corporate performance have a positive effect on efficiency. In their research, many authors have proved the correlation between social responsibility and financial performance, reputation of the enterprise and added value. Cases from transition countries, which transferred to market economy and focused on socially responsible management and sustainability, have not been the subject of research. The social responsibility concept implies balance between economic, ecological and social goals, which means distribution of assets on several actors, so it may be predicted that more efficient enterprises will sooner accept the sustainability concept and act more responsibly. Except for theoretical social responsibility hypothesis, the initial point in the empirical section is dynamic analysis of business activities of Croatian entrepreneurs in the period between 1993 and 2010, on the basis of which a sample of enterprises was chosen, which submit transparent reports on social responsibility. The main result obtained by univariate analysis confirms that socially more responsible enterprises have better financial results, i.e. they are more efficient, and also have better reputation. The research also had limitations in relation to qualitative determination of the social responsibility impact on efficiency. The conclusion is derived that there is a causal relationship between efficiency and social responsibility, i.e. higher efficiency level enables higher allocation of resources with the purpose of socially more responsible corporate performance and vice versa; socially responsible corporate performance have an impact on

Dispositional optimism and stock investments

NARCIS (Netherlands)

Angelini, Viola; Cavapozzi, D.

This paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged

Social contract theory as a foundation of the social responsibilities of health professionals.

Science.gov (United States)

Welie, Jos V M

2012-08-01

This paper seeks to define and delimit the scope of the social responsibilities of health professionals in reference to the concept of a social contract. While drawing on both historical data and current empirical information, this paper will primarily proceed analytically and examine the theoretical feasibility of deriving social responsibilities from the phenomenon of professionalism via the concept of a social contract.

Retro-Innovation and Corporate Social Responsibility

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Loucanova Erika

2015-11-01

Full Text Available The paper deals with the retro-innovation and their importance to corporate social responsibility (CSR. Corporate social responsibility is a process with the aim to encourage a positive impact through activities on the environment, consumers, employees, communities, and all other stakeholders of the public sphere. The accelerated rate of technological and social change influences on the society. The main social problems are symptoms of future shock. Retro-innovation trend is emerging against an accelerating backdrop of “datafication”. New products are designed to connect customers with the past in ways that are nostalgic, interactive and environmental. CSR thanks to the retroinnovation encourages has a positive impact on the all stakeholders and eliminates the future shock.

Foreign Direct Investments – the Standard of Fair and Equitable Treatment of Investments on the Example of a Case of the International Center for Settlement of Investment Disputes (ICSID

Directory of Open Access Journals (Sweden)

Ismail Musabegović

2015-06-01

Full Text Available Foreign direct investments (FDI have a tendency of growth, which will, in accordance with projections, be continued in the future. The increasing number of FDI triggers an increase in the number of cases related to them. After defining the term of international capital movements and its manifestations in the first part of the paper, in its second part the authors give an overview of foreign direct investment, both globally and in the region. The third part deals with the investment disputes before the arbitration court, while in the fourth section, a case of the International Center for Settlement of Investment Disputes (ICSID is presented. As the case of violation of the principle of fair and equitable treatment of investments is in the main focus of this paper, it is thesubject of а deeper analysis. In this paper, the authors use methodology which is characteristic for social sciences: descriptive and historical method, comparative analysis and case study.

Enviromental responsability and corporate social responsability

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Jesús Marí Farinós

2015-12-01

Full Text Available The environmental management of companies and organizations in general is going to be internalized in the operation and management structures, linking conceptual and chronologically to improve corporate reputation, management excellence, knowledge and innovation. Embracing, undoubtedly too, with the assumption of an ethical commitment of the company to society: environmental sustainability and generational solidarity in the transmission of culture and values of that nature. The existing need to know the potential impact of business operations on society and the environment results in the appearance of a document, which may well be called a Sustainability Report or Social Balance, which is compiled from a series social indicators, which are the instruments responsible to reflect the value of the shares held by the company in social and environmental fields.

Promote Long-term Low-risk Investment

Institute of Scientific and Technical Information of China (English)

无

2006-01-01

How do you pick stocks in China? Which sectors in the Ashare market have the greatest investment potential? What problems would China's stock market face if the economy contracts? These are questions Xinhua Finance's Money Journal recently put to the man responsible for Franklin Templeton Investments' fund management business in China,India and Brazil. Stephen H. Dover, Managing Director and International Chief Investment Officer for Franklin Templeton Advisors, the largest listed fund management company...

Socially Responsible or Just Plain Social?

Science.gov (United States)

Mills, Katie Elizabeth; Bruce, Jacklyn

2013-01-01

This study seeks to understand one facet of leadership development among the newest members of a Greek Letter community at a southern university. New Members (NMs) of the Greek Community at North Carolina State University were administered the Socially Responsible Leadership Survey (SRLS Guidebook, 2005) during the Fall, 2011. Results indicate…

Cost-Benefit Analyses of Transportation Investments

DEFF Research Database (Denmark)

Næss, Petter

2006-01-01

This paper discusses the practice of cost-benefit analyses of transportation infrastructure investment projects from the meta-theoretical perspective of critical realism. Such analyses are based on a number of untenable ontological assumptions about social value, human nature and the natural......-to-pay investigations. Accepting the ontological and epistemological assumptions of cost-benefit analysis involves an implicit acceptance of the ethical and political values favoured by these assumptions. Cost-benefit analyses of transportation investment projects tend to neglect long-term environmental consequences...

Penerapan Corporate Social Responsibility dengan Konsep Community Based Tourism

OpenAIRE

Linda Suriany

2013-01-01

Abstract: Business is not only economic institution, but social institution too. As social institution, business has responsibility to help society in solving social problem. This responsibility called Corporate Social Responsibility (CSR). CSR pays attention about social problem and environment, so CSR support continuous development to help government role. Nowadays, our government has national development’s agenda. One of them is tourism sector (Visit Indonesia Year 2008 programmed). But ...

Determinants of Corporate Social Responsibility in Japanese Companies

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Magdalena Krukowska

2014-12-01

Full Text Available Purpose: The aim of this study was to analyze the factors that determine the Japanese approach to corporate social responsibility (CSR to facilitate future empirical research in the Polish conditions. Methodology: To conduct the research, the available literature concerning CSR, managerial behaviour and stakeholder relations in Japan was studied. The research was conducted onsite in Japan after consultation with local experts, both Japanese and foreigners, specialized in Japanese management and the economy. Findings: The Japanese approach to CSR is strongly determined by their religious, philosophical, cultural, historical, economic and legal factors. It is proof of the concept of CSR contextuality, which provokes questions about the nature of the business relations of Japanese companies with their foreign counterparts and their style of management while investing abroad. Research limitations: The methodology was only supposed to gain a general view of the factors infl uencing CSR in Japan. Studying more detailed issues with the use of empirical data was complicated because of the short time available for the research (6 weeks and the relatively low level of transparency of the Japanese companies. Value: The study helped in understanding managerial decisions and Japanese business behaviour in the context of corporate responsibility and the ethics of its everyday operations. It was the fi rst research thoroughly analyzing many of the determinants of CSR in Japan, which may be valuable for any counterparts cooperating with the Japanese companies and foreign researchers analyzing Japanese management systems.

Mapping "Social Responsibility" in Science

DEFF Research Database (Denmark)

Horst, Maja; Glerup, Cecilie

The paper investigates the discourse on social responsibility in science as it appears in academic journals. Through database searches a collection of more than 300 papers have been analysed in order to map their answers to the following three questions: - What is the central problem that threatens...... responsibility in science? - What are the central aspects of science or its relation to society that need to be regulated or changed? - What kinds of solutions are imagined and how are these solutions supposed to be put into place? On this basis the paper explores how different interpretations of the notion...... of social responsibility of science imply different forms of governance of and within science. The paper employs a Foucaldian discourse analysis to understand how a particular conceptualisation of responsibility implies a political rationality, i.e. a particular form of governance of science. The analysis...

Reform of investment policy in the function of sustainable development with special emphasis on investment in information technologies

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Dragičević-Radičević Tatjana

2017-01-01

Full Text Available Global economy still records a decline in FDI. The main causes are increased economic instability and geopolitical risks. Given the continued negative trend, it is clear that it is necessary to reform the investment policies at the national, regional, bilateral, multilateral and international level, to ensure sustainable economic development. Key elements of the reforms are: to provide instruments to reduce risks, create mechanisms of responsible investment, improve the structural coherence and promote regional investments. Refer to the current dates of the sectors investments (according to the report of UNCTAD from 2015th shows that the services sector recorded double growth compared to the investment in the manufacturing sector in 2012. Also, if we take into consideration the fact that investment in IT sector investment involves three aspects: transactional (minimizing costs, strategic (innovation technologies, achieving competitiveness and information (improving access to information and communications, it may be assumed that the reforms in the investment policies should be directly correlated with investments in information technology.

Investing in Youth: Brazil

Science.gov (United States)

OECD Publishing, 2014

2014-01-01

The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

Investing in Youth: Latvia

Science.gov (United States)

OECD Publishing, 2015

2015-01-01

The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

Social marketing and social responsibility of the business: intercoupling and results

OpenAIRE

T.V. Shtal; O.O. Tyshchenko

2012-01-01

In article is considered problem of social marketing concepts use, problems of provision business-structures to social responsibility and competitiveness provision as criterion to efficiency social-oriented marketing programs. Author not only sets the problem install the correspondence between specified category, but also reveal the criterion to social-directed marketing decisions efficiency.

Social responsibility: conceptualization and embodiment in a school of nursing.

Science.gov (United States)

Kelley, Maureen A; Connor, Ann; Kun, Karen E; Salmon, Marla E

2008-01-01

This paper describes how a school of nursing has conceptualized and embodied social responsibility in its core values, curricular design, admission standards, clinical practice, and service learning opportunities. The school's engagement in the process of practicing social responsibility and clarifying its meaning and application has made apparent the natural linkage between social responsibility and professionalism and the deep and complex relationship between social responsibility and nursing itself. It has also revealed how a commitment to social responsibility impacts and determines for whom nurses care. Claiming social responsibility as a core value and working to refine its meaning and place has increased the school's commitment to it, concomitantly impacting education, practice, and recruitment and evaluation of faculty and students. The school views the conceptualization of social responsibility as a deepening and unfolding evolution, rather than as a formulaic understanding, and expects that its ongoing work of claiming social responsibility as a core value will continue to be enriching.

Financial Investing Made for Women: The Economic and Psychological Reasons Why Women Invest Differently Than Men

Directory of Open Access Journals (Sweden)

Carolina M. Reece

2013-07-01

Full Text Available Financial Investing is becoming not only a way to plan for a future source of retirement, but also a method to control a personal financial situation without having to rely on government aid or family member support to survive during the elderly years. Today, individuals cannot depend on social security being available in the future for financial support. It is especially vital for women to become more interested in making long-term investments that will provide a secure and effective approach to money management and financial planning. However, as various studies have concluded, women are less interested than men in managing their finances due to various economic and psychological reasons related to risk aversion, sociopolitical and biological factors, and income. This study reviews previous research findings related to the relationship between women and investments, as well as several economic and psychological reasons behind the gender gap on financial investing are presented. Surveys were used to identify the main reasons for women’s tendency to rely less on financial investments. It was found that women who had some source of financial investment showed confidence in the stock market, as well as in their financial decisions. These results contradict some of the findings shown in previous research.

EVALUATION CRITERIA OF INNOVATIVE SOCIAL INVESTMENT PROJECTS IN HEALTH CARE

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Vadim Aleksandrovich Lomazov

2013-11-01

Full Text Available Purpose: analysis of key indicators and creation of evaluation criteria of innovative socio-economic investment projects in healthcare, implemented on the basis of public-private partnerships.Methodology: there has been performed comprehensive assessment of specialized socio-economic projects in health sector taking into consideration interests of participants in the project (public and private, main aspects (medical, social, economic, scientific and innovative, and assessment components (presumable effectiveness or risk during implementation of the project. The degree of relative importance of the factors considered in each level, and the levels themselves are determined by experts with the help of paired comparisons method. The values of the project indicators are estimated against nonuniform grading scale, both the results of direct measurements and expert information being used.Results: There has been suggested an approach and a procedure for evaluating projects based on the allocation of interests, issues and evaluation components of the project as sub-criteria levels of the hierarchy analysis method; there has been developed research prototype of information analysis system for assessment of projects on the basis of the proposed approach.DOI: http://dx.doi.org/10.12731/2218-7405-2013-8-48

Corporate Social Responsibility in Aviation

Science.gov (United States)

Phillips, Edwin D.

2006-01-01

The dialog within aviation management education regarding ethics is incomplete without a discussion of corporate social responsibility (CSR). CSR research requires discussion involving: (a) the current emphasis on CSR in business in general and aviation specifically; (b) business and educational theory that provide a basis for aviation companies to engage in socially responsible actions; (c) techniques used by aviation and aerospace companies to fulfill this responsibility; and (d) a glimpse of teaching approaches used in university aviation management classes. The summary of this research suggests educators explain CSR theory and practice to students in industry and collegiate aviation management programs. Doing so extends the discussion of ethical behavior and matches the current high level of interest and activity within the aviation industry toward CSR.

Social media policies: Implications for contemporary notions of corporate social responsibility

NARCIS (Netherlands)

Stohl, C.; Etter, M.; Banghart, S.; Woo, D.

Three global developments situate the context of this investigation: the increasing use of social media by organizations and their employees, the burgeoning presence of social media policies, and the heightened focus on corporate social responsibility (CSR). In this study the intersection of these

Investing in Youth: Lithuania

Science.gov (United States)

OECD Publishing, 2016

2016-01-01

The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. The present report on Lithuania is the fourth of a new…

corporate social responsibility and psychological contract

African Journals Online (AJOL)

Global Journal

2017-07-04

Jul 4, 2017 ... KEYWORDS: Corporate social responsibilities, Psychological contract, Nigeria, Niger delta, ... The concept of Corporate Social ... CSR initiatives rather than mere financial ..... fundamental idea in such a contract (PC) is the.

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.

Certainty of paternity and paternal investment in eastern bluebirds and tree swallows

Science.gov (United States)

Kempenaers, Bart; Lanctot, Richard B.; Robertson, Raleigh J.

1998-01-01

Extra-pair paternity is common in many socially monogamous passerine birds with biparental care. Thus, males often invest in offspring to which they are not related. Models of optimal parental investment predict that, under certain assumptions, males should lower their investment in response to reduced certainty of paternity. We attempted to reduce certainty of paternity experimentally in two species, the eastern bluebird, Sialia sialis, and the tree swallow, Tachycineta bicolor, by temporarily removing fertile females on two mornings during egg laying. In both species, experimental males usually attempted to copulate with the female immediately after her reappearance, suggesting that they experienced the absence of their mate as a threat to their paternity. Experimental males copulated at a significantly higher rate than control males. However, contrary to the prediction of the model, experimental males did not invest less than control males in their offspring. There was no difference between experimental and control nests in the proportion of male feeds, male and female feeding rates, nestling growth and nestling condition and size at age 14 days. We argue that females might have restored the males’ confidence in paternity after the experiment by soliciting or accepting copulations. Alternatively, males may not reduce their effort, because the fitness costs to their own offspring may outweigh the benefits for the males, at least in populations where females cannot fully compensate for reduced male investment.

Global business, global responsibilities : Corporate social responsibility orientations within a multinational bank

NARCIS (Netherlands)

van den Heuvel, G.G.A.; Soeters, J.M.M.L.; Goessling, T.

2014-01-01

This study examines the effects of culture, gender, and function on orientation toward corporate social responsibility (CSR) among 416 employees of an international financial service organization. The main objective of the study is to investigate the variation of corporate social responsibility

Corporate social responsibility as a source of employee satisfaction

OpenAIRE

Bauman, Christopher W.; Skitka, Linda J.

2012-01-01

Corporate social responsibility has received an increasing amount of attention from practitioners and scholars alike in recent years. However, very little is known about whether or how corporate social responsibility affects employees. Because employees are primary stakeholders who directly contribute to the success of the company, understanding employee reactions to corporate social responsibility may help answer lingering questions about the potential effects of corporate social responsibil...

Science and social responsibility in public health.

Science.gov (United States)

Weed, Douglas L; McKeown, Robert E

2003-01-01

Epidemiologists and environmental health researchers have a joint responsibility to acquire scientific knowledge that matters to public health and to apply the knowledge gained in public health practice. We examine the nature and source of these social responsibilities, discuss a debate in the epidemiological literature on roles and responsibilities, and cite approaches to environmental justice as reflective of them. At one level, responsibility refers to accountability, as in being responsible for actions taken. A deeper meaning of responsibility corresponds to commitment to the pursuit and achievement of a valued end. Epidemiologists are committed to the scientific study of health and disease in human populations and to the application of scientific knowledge to improve the public's health. Responsibility is also closely linked to reliability. Responsible professionals reliably perform the tasks they set for themselves as well as the tasks society expects them to undertake. The defining axiom for our approach is that the health of the public is a social good we commit ourselves to pursue, thus assuming an obligation to contribute to its achievement. Epidemiologists cannot claim to be committed to public health as a social good and not accept the responsibility of ensuring that the knowledge gained in their roles as scientists is used to achieve that good. The social responsibilities of environmental health researchers are conspicuous in the environmental justice movement, for example, in community-based participatory research. Responsibility is an ethical concept particularly well suited to frame many key aspects of the ethics of our profession. PMID:14602514

Corporate social responsibility: Benefits for youth in hydropower development in Laos

Science.gov (United States)

Sparkes, Stephen

2014-04-01

The role of the state as regulator combined with policies on Corporate Social Responsibility (CSR) that go beyond legal requirements to establishing programmes that promote development and good international business practice is an emerging new paradigm. In this paper, the example of a state-owned company, Statkraft A.S. of Norway, and its recent hydropower investment in central Laos illustrates how policy, implementation and follow-up can lead to benefits for local communities in the impacted area of the Theun-Hinboun Expansion Project (THXP). Programmes include both support for and improvement of existing government education programmes, employment opportunities and specific programmes for youth. They have been designed to mitigate possible negative effects of the influx of workers and rapid socio-economic change in the affected area. Young people continue to have a central role in the implementation of these programmes as peer educators under the supervision of project staff and non-governmental organisations (NGOs).

Accounting-information support investment in object of tourism industry

Directory of Open Access Journals (Sweden)

Ya.D. Krupka

2015-06-01

Full Text Available The article reveals the peculiarities of investments in tourism, their financial support through various sources. Given the branching system of travel, and additional related services offered by the author, each of the objects viewed as an investment project which, in turn, provides investment and obtaining from them certain benefits. In the article the system of investment projects, including the relationship of forms of investment (own cash and property investments of investors, credit and other borrowed resources, funds from sponsors and donations and the effects of investment (profit from operations, related income, social benefits for citizens and other benefits for society. Given the fact that every project goes through several stages since its launch and completion stages of submitted investment projects include the following phases: pre, investment process and control the results and return on capital investment projects under operation. The scheme of the project life cycle, which provided a way out of the project, corresponding interpretation investing activities international and national accounting standards and financial reporting. In this paper, special attention is paid to the rehabilitation of tourist visits, keeping investments in them, as well as an attempt to give an objective assessment of the effectiveness of such investments on the basis of accounting information.

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.

Business social responsibility in Ukraine: the marketing aspect

OpenAIRE

Firsova, S.

2010-01-01

The article deals with problems of researching the category "social business responsibility", ways of its realization and marketing means of implementation and support of socially responsible initiatives in Ukrainian companies.

CORPORATE SOCIAL RESPONSIBILITY VERSUS TAX AVOIDANCE PRACTICES

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Stoian Ciprian-Dumitru

2012-07-01

Full Text Available Worldwide crisis has made multinational companies that are engaged in corporate social responsibility actions to manage their businesses through the lens of various tax avoidance practices. The content of this paper is important due to the fact that tries to identify the impact in case of companies active in corporate social responsibility actions versus their tax structures orientation. Corporate social responsibility literature did not paid enough attention on the impact of the tax avoidance practices of companies. Tax, as a concept, brings in itself an important corporate financial impact with subsequent effects for the life of multiple citizens in countries where private entities are operating. Even though companies are usually expressing their ethical and responsible conduct in respect of the social environment, there are many cases when the business practices were not aligned with the declared corporate behavior. This paper seeks firstly to examine whether companies engaged in tax avoidance practices (ex. offshore tax havens consider that continue to act socially responsible. Secondly, the paper examines the influence on attending the stakeholders’ goals for those companies practicing tax avoidance and its implications on corporate social responsibility actions. Moreover, the paper focuses also on the aspects described before from the perspective of the corporate entities operating in Romania. This paper’s intention is to use and to develop the results of previous research carried out by Lutz Preus (University of London and, subsequently, by Senators Levin, Coleman and Obama in their “Stop Tax Haven Abuse Bill”. The implications and the objectives of this material are to highlight, to identify and to spot clearly the relations and the influences of the tax haven practices of corporations versus their undertaken social responsibility actions. Moreover, this paper brings a fresh perspective of this topic from the

THE IMPORTANCE OF INVESTMENTS IN EARLY EDUCATION

OpenAIRE

DUMITRESCU Alexandra; CONSTANTINESCU Adrian; TACHE Ileana

2012-01-01

The early education is analyzed as being the most profitable investment in education (R. Cuhna). early education supports later learning opportunities. The economic dimension of early education takes into account the fact that the necessary investment for a child to benefit from early education services is rather low when looking at the cost (both economic and social) generated by a child who misses this education level, not necessarily because of the late education start but because of the l...

House price responsiveness of housing investments across major European economies

OpenAIRE

Gattini, Luca; Ganoulis, Ioannis

2012-01-01

In comparison with the large literature on house prices, housing investments have been studied far less. This paper investigates the behaviour of private residential investments for the six largest European economies, namely: Germany, France, Italy, Spain, the Netherlands and the United Kingdom. It employs a common modelling structure based on an error correction approach and country specific models. First, co-integration among the parsimoniously specified set of fundamental variables is dete...

Methodological approaches to the assessment level of social responsibility

OpenAIRE

Vorona, E.

2010-01-01

A study of current approaches to assessing the level of social responsibility. Proposed methodological approach to evaluating the performance of the social responsibility of railway transport. Conceptual Basis of social reporting in rail transport.

Economics, Corporate Sustainability and Social Responsibility

OpenAIRE

Tisdell, Clement A.

2008-01-01

It is often argued that corporate sustainability requires a corporation to make a profit, to act in a socially responsible manner and to engage in policies that are environmentally sustainable. This is sometimes called the corporation’s triple bottom line. In this paper it is argued that in practice profitability or more general maintaining economic variability constitutes a corporation’s bottom line and that it is limited by this consideration in showing social responsibility and in acting w...

CORPORATE SOCIAL RESPONSIBILITY: OPTIONAL OR REGULATORY

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MIHAELA IRINA IONESCU

2012-05-01

Full Text Available Given the collateral activity developed and the economic background of the present author I took the approach of a topic that includes aspects from both fields, namely “Corporate Social responsibility- optional or regulatory”. Through the paper I will try to summarize the pros and cons of regulation, mandatory of corporate social responsibility and to review, present the ways in which countries with advanced economies in European Union and the EU itself have addressed this issue.

The Investors- Reaction to Investment Rating Change Announcements

OpenAIRE

Chih-Hsiang Chang; Liang-Chien Lee; Shu-Ling Wu

2012-01-01

This study investigates the investors- behavioral reaction to the investment rating change announcements from the views of behavioral finance. The empirical results indicate that self-interest does affect the intention of securities firms to release investment ratings for individual stocks. In addition, behavioral pitfalls are also found in the response of retail investors to investment rating change announcements.

ANALYSIS OF INVESTMENT ATTRACTIVENESS REDEVELOPMENT PROJECTS THE INDUSTRIAL AREAS IN KIEV

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Yevsyukov T. O.

2017-08-01

Full Text Available At the present stage of development of land relations in major cities of our country important issue is the development of investment, attract and use foreign investment. According to the Law of Ukraine "On investment activity" under the investment necessary to understand "all types of property and intellectual values invested in business and other activities, which resulted in creating profit (income or social effect is achieved." For the economy of any city, including the city. Kyiv and development of urban land use, renovation of industrial areas deindustrialization of inefficient production centers, it is extremely important investment activity (foreign investment as one of the most effective mechanisms for the development and activities of national companies. The purpose of the article to analyze the investment attractiveness of the redevelopment projects of industrial areas to economic development of eco-industrial land use in Kiev, despite the downward trend in investment activity of domestic enterprises, the need for technical and technological modernization of production as well as the entire market infrastructure, redevelopment of industrial areas. Redevelopment areas – this is a comprehensive activity aimed at changing the existing construction work carried out with the help of large investments (investments in reconstruction; renovation of; overhaul; demolition; conversion; improving the environment, which results in a positive effect on economic, social and environmental aspects. Investment and construction projects related to redevelopment of industrial land use (objects in the management of the city, characterized by considerable risks given the high capital intensity, binding to a specific area, and the impact of other internal and external factors. That is why this investment activity should be ensured exceptional dynamic management to ensure the quality of implementation and the necessary level of profitability and

Three Target Sectors for a European Investment Strategy

International Nuclear Information System (INIS)

Janin, Lionel; Douillard, Pierre

2014-11-01

While the president of the European Commission is getting ready to present the 'Juncker package' announced in July 2014, to revive activity in Europe through investment, what are the sectors in which these investments may be concentrated? The overall analysis of investment gaps in the euro zone has confirmed the requirement for a European macro-economic revival effort that involves investment, public or private, undertaken very quickly, even though this diagnosis varies depending on the country. The drivers of a European investment strategy are fiscal, regulatory and financial and are based on the selection of projects for the future. This third 'Note d'analyse' addresses the topic of investment potential in three key sectors: transport, energy and the digital sector, for which the amount of additional investment could reach euro 120 billion per year and thus, over three years, be higher than the forecasts in the Juncker plan. This maximalist amount mainly corresponds to the implementation of an ambitious energy-climate policy. Given current budgetary constraints, carefully selecting the desired investments, for which their social utility must be validated, is imperative: socioeconomic evaluation is the appropriate approach, particularly for taking into account the environmental externalities that now justify significant investments in the ecological transition. (authors)

Investment opportunities in an increasingly competitive environment

International Nuclear Information System (INIS)

Webb, Martin

1999-01-01

Four topic areas are considered: (1) The global context for energy investments, (2) Strategic investments in the gas chain, (3) Conventional and changing approaches to investing in gas and power, (4) New areas of opportunity. The presentation considers the challenging global context for investments and the current oil price outlook and more specifically the backdrop to the growth in demand for gas and its increasing availability and the implications of factors such as energy market liberalization. It notes the regional nature of gas and power markets and considers the issue of stranded supply and demand. It identifies an increasing trend towards investments up and down the gas chain by both traditional and new players and explores BP Amoco's own corporate response. The presentation then briefly reviews four major gas investments which BP Amoco has either already taken or is considering. It then discusses investments in gas to power and the growing environmental agenda, which is bringing a range of new and non-traditional investment opportunities

Investment opportunities in an increasingly competitive environment

Energy Technology Data Exchange (ETDEWEB)

Webb, Martin

1999-07-01

Four topic areas are considered: (1) The global context for energy investments, (2) Strategic investments in the gas chain, (3) Conventional and changing approaches to investing in gas and power, (4) New areas of opportunity. The presentation considers the challenging global context for investments and the current oil price outlook and more specifically the backdrop to the growth in demand for gas and its increasing availability and the implications of factors such as energy market liberalization. It notes the regional nature of gas and power markets and considers the issue of stranded supply and demand. It identifies an increasing trend towards investments up and down the gas chain by both traditional and new players and explores BP Amoco's own corporate response. The presentation then briefly reviews four major gas investments which BP Amoco has either already taken or is considering. It then discusses investments in gas to power and the growing environmental agenda, which is bringing a range of new and non-traditional investment opportunities.

Corporate Social Responsibility and Profit Maximizing Behaviour

OpenAIRE

Becchetti, Leonardo; Giallonardo, Luisa; Tessitore, Maria Elisabetta

2005-01-01

We examine the behavior of a profit maximizing monopolist in a horizontal differentiation model in which consumers differ in their degree of social responsibility (SR) and consumers SR is dynamically influenced by habit persistence. The model outlines parametric conditions under which (consumer driven) corporate social responsibility is an optimal choice compatible with profit maximizing behavior.

Corporate Social Responsibility in the Angolan Oil Industry

OpenAIRE

Arne Wiig

2005-01-01

What are the responsibility of oil companies in resource rich countries? Do they take these responsibilities? Based on a utilitarian perspective and theories of the resource curse, we discuss the oil companies' corporate social responsibility (CSR) when a resource rich country such as Angola lacks accountable public institutions. We also analyse the type of responsibility oil companies take and factors driving corporate social responsibility. From undertaking a survey among oil service firms ...

Corporate Social Responsibility: A Cross Sectional Examination of Incentivization.

Science.gov (United States)

1995-09-01

which address organizational behavior: Corporate Social Responsibility ( CSR ), Expense Preference Approach (EPA), Resource Dependency Theory (RDT...i V *>V CORPORATE SOCIAL RESPONSIBILITY : A CROSS SECTIONAL EXAMINATION OF INCENTIVIZATION THESIS Jennifer A. Block, B.S. First Lieutenant, USAF...Distribution/ Availability Codes Dist m Avail and/or Special \\&\\W 0\\1 CORPORATE SOCIAL RESPONSIBILITY : A CROSS SECTIONAL EXAMINATION OF

Corporate social investment and a company’s image: A case of a CSI initiative in a South African low income community

Directory of Open Access Journals (Sweden)

Paul-Francois Muzindutsi

2015-11-01

Full Text Available One of the goals of corporate social investment (CSI is to ensure that a company becomes a responsible entity which acts as a conscientious citizen within a society. CSI plays an important role in enhancing how a company is perceived within the community it operates in. This paper used a combination of qualitative and quantitative research designs to investigate the effect of a specific CSI initiative on a company’s image within a low income community in South Africa. Semi-structured interviews and survey questionnaire were used to collect data from community members in the township of Bophelong, South Africa. Results show that, if adequately managed, CSI initiatives tend to enhance company’s image as well as its relations with the community it operates in. However, if not adequately managed CSI can created unreachable expectations that can negatively affect a company’s image. Thus, companies better manage their CSI initiatives have an increased opportunity to enhance their reputation within the community they operate in.

The development of socially responsible marketing

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Stanković Ljiljana

2012-01-01

Full Text Available In contemporary knowledge-based economy characterized by fast and turbulent changes, the achieved competitive advantage is much more exposed to hazards in contrast to earlier periods. Companies are forced to constantly create new business opportunities in order to respond to the challenges that are generated by the impact of numerous primarily technological and market changes. However, there is a small number of companies, with arranged organization and strategy, that support the requests for the research and creation of sustainable business and marketing strategies. The global scene conditioned by the development of new markets and developing economies requires changes in marketing approaches and strategy adaptation. The realization of superior business performances in global environment is related to the acquirement and adaption to new challenges and trends. The trend that questions the business activity of many companies is the requests for responsible behavior of enterprises in the market and acceptance of ethical, moral and environmental principles. There are more and more evident requests for aligning of business and marketing decisions with the aims of socially responsible business. The development of socially responsible marketing is the imperative of economic and social success. The authors point to the role and importance of innovation in marketing approaches, the need for enhancement of socially responsible marketing with the aim of improving its business performance and successful positioning.

Public Investment, Revenue Shocks, and Borrowing Restrictions

OpenAIRE

Büttner, Thiess; Wildasin, David E.

2010-01-01

This paper lays out a theory of taxation and public investment in an intertemporal setting under conditions of revenue shocks. Without borrowing restrictions, the optimal policy is characterized by smooth time paths of taxes and public investment. While the introduction of formal borrowing restrictions leads to some precautionary savings, it gives rise to fluctuations in public investment in response to adverse but also favorable revenue shocks. This theoretical result is tested empirically u...

The Transatlantic Trade and Investment Partnership (TTIP)

OpenAIRE

Arnim, Rudi von; Beck, Stefan; Compa, Lance; Eberhardt, Pia; Grumiller, Jan; Raza, Werner; Taylor, Lance; Tröster, Bernhard; Scherrer, Christoph

2014-01-01

The United States of America and the European Union are currently negotiating a Transatlantic Trade and Investment Partnership (TTIP). It is one of the most ambitious free trade and investment initiatives, going much further than eliminating tariffs. TTIP mainly aims at reducing “non-tariff barriers”. While tariffs on goods have been imposed with an eye to foreign competition, most of the non-tariff barriers are the laws and regulations that are the result of social struggles for the protecti...

The Connection between IAS/IFRS and Social Responsibility

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Stefano AMELIO

2016-05-01

Full Text Available The aim of the paper is to evaluate the degree of social responsibility arising from the statement of comprehensive income prepared according to IAS/IFRS, to demonstrate whether the values obtained from prospects and from the calculation of the indicators are sufficient to analyze the Company's performance from the perspective of social responsibility and sustainable value or not. In order to achieve the objective of harmonization, the European Union adopted the IAS/IFRS developed by the International Accounting Standards Board (IASB. The research is divided into two sections and the approach used is mainly theoretical and qualitative. In the first part, the financial statements to be prepared according to IAS 1 and IAS 7 and, in particular, the so called statement of profit or loss and other comprehensive income for the period are analyzed by underling the function of the same and by presenting some financial performance indicators. Then, the research highlights how these values obtained are not useful to communicate the company's strategy in terms of social responsibility and sustainable value. In the second part the analyses exposes the concept of social balance. According to the social responsibility view the IAS/IFRS financial statements should be accompanied by the social balance. It becomes crucial to complete the set of financial statements stated from IAS 1 with a social balance as well as the same IAS 1 contemplates. For this reason it is possible to say that the connection between IAS/IFRS and social responsibility is weak.

Purchasing social responsibility : a conceptual study

OpenAIRE

Mørk, Eirik; Solheim, Kristian Hauge

2014-01-01

This paper focuses on Purchasing Social Responsibility (PSR). Suppliers play an important role in the overall corporate social responsibility (CSR) efforts of the purchasing firm. The purpose of this paper is to explore potential firm performance effects from PSR, which contributes to an area of research that is limited at this point. The aim is to develop a survey instrument based on a set of formulated hypotheses and a conceptual framework. These are grounded in a literature review of core ...

Proměny Corporate Social Responsibility

OpenAIRE

Knížová, Kristýna

2014-01-01

In 1953, Howard R. Bowen gave rise to the debate on social responsibility, and since then it has become very widespread. The concept of Corporate Social Responsibility gained a lot of forms during the second half of the twentieth century and from the university campuses got into practice and also into the Czech Republic. On the background of changing theoretical approaches toward CSR we can see changes of business environment - especially in the change of the conceptualization of the enterpri...

The primary parental investment in children in the contemporary USA is education : Testing the Trivers-Willard hypothesis of parental investment.

Science.gov (United States)

Hopcroft, Rosemary L; Martin, David O

2014-06-01

This paper tests the Trivers-Willard hypothesis that high-status individuals will invest more in sons and low-status individuals will invest more in daughters using data from the 2000 to 2010 General Social Survey and the 1979 National Longitudinal Survey of Youth. We argue that the primary investment U.S. parents make in their children is in their children's education, and this investment is facilitated by a diverse market of educational choices at every educational level. We examine two measures of this investment: children's years of education and the highest degree attained. Results show that sons of high-status fathers receive more years of education and higher degrees than daughters, whereas daughters of low-status fathers receive more years of education and higher degrees than sons. Further analyses of possible mechanisms for these findings yield null results. We also find that males are more likely to have high-status fathers than females.

Investment Evaluation of Higher Education through Cost-Benefit Analysis: Evidence from Adrar University-Algeria

Science.gov (United States)

Hocine, Benlaria; Sofiane, Mostéfaoui

2017-01-01

This study aims to measure the social and individual rates of return for investment in higher education at Adrar University. The approach adopted looks for investigating the costs and benefits of the human capital. The study found that the economic feasibility of investment in higher education exists at both the individual and social levels, where…

Corporate Social and Ecological Responsibility of Russian Coal Mining Companies

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Ravochkin Nikita

2017-01-01

Full Text Available Based on the provisions of corporate social responsibility and taking into account the specifics of Russian mining enterprises, the authors attempt to understand theoretically the corporate social and environmental responsibility in this paper. The study shows that the essence of the principles of socially responsible behavior has ancient roots, while the consumer's attitude towards nature begins only in the era of modern times. The genesis, evolution and transformation of social responsibility in Western countries in the twentieth century are traced. The necessity of taking into account the national social and cultural specifics of the domestic economy is substantiated instead of blind copying of foreign management practices. The difference in the formation of corporate social responsibility (CSR abroad and in Russia is shown. The list of facts and factors contributing to the formation of CSR in Russian realities is given. With regard to the coal industry enterprises inconsistencies have been identified. Their overcoming will allow the enterprises formulating strategies for corporate social and environmental responsibility. The advantages of social and environmental responsibility in comparison with the legal one are presented. In conclusion, the authors summed up the theoretical interpretation of the object claimed in the introduction.

Corporate Social and Ecological Responsibility of Russian Coal Mining Companies

Science.gov (United States)

Ravochkin, Nikita; Shchennikov, Vladimir; Syrov, Vasiliy

2017-11-01

Based on the provisions of corporate social responsibility and taking into account the specifics of Russian mining enterprises, the authors attempt to understand theoretically the corporate social and environmental responsibility in this paper. The study shows that the essence of the principles of socially responsible behavior has ancient roots, while the consumer's attitude towards nature begins only in the era of modern times. The genesis, evolution and transformation of social responsibility in Western countries in the twentieth century are traced. The necessity of taking into account the national social and cultural specifics of the domestic economy is substantiated instead of blind copying of foreign management practices. The difference in the formation of corporate social responsibility (CSR) abroad and in Russia is shown. The list of facts and factors contributing to the formation of CSR in Russian realities is given. With regard to the coal industry enterprises inconsistencies have been identified. Their overcoming will allow the enterprises formulating strategies for corporate social and environmental responsibility. The advantages of social and environmental responsibility in comparison with the legal one are presented. In conclusion, the authors summed up the theoretical interpretation of the object claimed in the introduction.

Corporate Social Responsibility dan Zakat Perusahaan dalam Perspektif Hukum Ekonomi Islam

OpenAIRE

Hadi, A. Chairul

2016-01-01

Corporate Social Responsibility and Zakat of Company in the Perspective of Islamic Economic Law. Awareness of social responsibility by companies (corporate social responsibility) is increasing today. Almost every company has a board focusing on social services. In the Islamic banking industry, this social responsibility gets serious attention. The study revealed that besides allocating social funds, Islamic banks allocate funds for zakat of company as an obligation of a legal entity (syakhshi...

Corporate Social Responsibility and Shareholder Proposals

NARCIS (Netherlands)

Eding, Erwin; Scholtens, Bert

2017-01-01

We study how corporate social responsibility relates to investors, firms, and shareholder proposals. We examine shareholder proposals on environmental, social, and governance issues at the annual general meeting of shareholders with US Fortune 250 firms during 2011-2014. We find that the probability

Corporate Social Responsibility and Shareholder Proposals

NARCIS (Netherlands)

Eding, Erwin; Scholtens, Bert

We study how corporate social responsibility relates to investors, firms, and shareholder proposals. We examine shareholder proposals on environmental, social, and governance issues at the annual general meeting of shareholders with US Fortune 250 firms during 2011-2014. We find that the probability

Corporate social responsibility audit: Theoretical aspects

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Artem Koldovskyi

2015-08-01

Full Text Available This paper puts a conceptual framework to outline research for corporate social responsibility (CSR audit based on the analysis of current CRS literature and audit models as implementation of CSR. It is intended to make clear the phenomena about the relationship between audit, implementation of business ethics principles and corporate governance. However, most studies do not take into account modify CSR audit. This paper reports part of a research we carried out on the theoretical interpretation of the corporate social responsibility audit. This paper examines the corporate social responsibility audit as a composition of four categories - management system audits, on-site audits, verbal probability expressions (VPE audits and technology audits. The paper concludes suggests to systematize multiple audits so that they can be conduct in three types of audits - environmental management audits covering in-house companies, environmental technology audits of products, and environmental audits of sites, including non-manufacturing sites and non-consolidated subsidiaries.

Developmental change in social responsibility during adolescence: An ecological perspective.

Science.gov (United States)

Wray-Lake, Laura; Syvertsen, Amy K; Flanagan, Constance A

2016-01-01

Social responsibility can be defined as a set of prosocial values representing personal commitments to contribute to community and society. Little is known about developmental change-and predictors of that change-in social responsibility during adolescence. The present study used an accelerated longitudinal research design to investigate the developmental trajectory of social responsibility values and ecological assets across family, school, community, and peer settings that predict these values. Data come from a 3-year study of 3,683 U.S. adolescents enrolled in upper-level elementary, middle, and high schools in rural, semiurban, and urban communities. Social responsibility values significantly decreased from age 9 to 16 before leveling off in later adolescence. Family compassion messages and democratic climate, school solidarity, community connectedness, and trusted friendship, positively predicted within-person change in adolescents' social responsibility values. These findings held after accounting for other individual-level and demographic factors and provide support for the role of ecological assets in adolescents' social responsibility development. In addition, fair society beliefs and volunteer experience had positive between- and within-person associations with social responsibility values. The manuscript discusses theoretical and practical implications of the conclusion that declines in ecological assets may partly explain age-related declines in social responsibility values. (PsycINFO Database Record (c) 2015 APA, all rights reserved).

Large Scale Investments in Infrastructure : Competing Policy regimes to Control Connections

NARCIS (Netherlands)

Otsuki, K.; Read, M.L.; Zoomers, E.B.

2016-01-01

This paper proposes to analyse implications of large-scale investments in physical infrastructure for social and environmental justice. While case studies on the global land rush and climate change have advanced our understanding of how large-scale investments in land, forests and water affect

Education: An expense or investment for the state

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Nikolić Ljubica

2016-01-01

Full Text Available A quality education system improves human resources, without which there is no economic growth. On the other hand, the state faced with the economic crisis or recession has limited possibilities of funding the budget expenditures. All countries pay special attention to the question of funding education. This issue is even more important in our country, considering the long-time economic recession or (rather crisis, as well as the disturbingly low level of economic activity and increasing social differences. Increasing the number of graduates without enhancing the quality of knowledge does not lead to an increase in the parameters of economic growth. Investing in human capital, as a condition for increasing productivity means investing in knowledge, not in a diploma. In this sense, responsible countries are expected to build a quality education system, regardless of the number of public and private institutions. The quality of the education system in a country is conditioned by the mode of its financing, i.e. by the division of responsibilities between the republic and local authorities (or other levels of government. The organization and financing of education has been transferred to the jurisdiction of lower territorial units, which may lead to significant disparities in the quality of education of the population of a country. The issue of education must be addressed at the national level, given the big differences in the development and budgetary possibilities of local governments. Even local communities that have the same financial capacities can differently allocate resources for education, depending on the evaluation of different priorities. The basic characteristics of funding education in our country are: modest budgetary possibilities, an impression that education is a burden rather than a long-term investment for our country, and the fact that the participation of education in the national budget and the total public expenditure is

Development and Examination of Personal and Social Responsibility Behaviors Scale

OpenAIRE

Bijen FİLİZ; Gıyasettin DEMİRHAN

2018-01-01

In this study, “Personal and Social Responsibility Behaviors Scale (PSRB-S)” was developed in order to determine students’ responsibility behaviors in accordance with “Personal and Social Responsibility” model developed by Don Hellison and students’ personal and social responsibility levels were examined in terms of gender, age and years of sport practice through this scale. Pertaining to personal and social dimension of responsibility, four-category Likert type trial scale consisting of 52 i...

Corporate Social Responsibility and Ethics. Case Study: Vodafone Albania

Directory of Open Access Journals (Sweden)

Everest Haxhi

2014-06-01

Full Text Available There are many discussions about ethics beginning with a fair and fundamental question: “What is ethics all about?” It is the same as morality, or is kind of a soft law that imposes values but without enforcing them? What is the contribution of the society in imposing values and ethical standards, and how business is involved? Ethical standards are applied in business word, differing from social responsibilities that business has in the social environment where it operates. To better exemplify those concepts the researcher goes through one of the largest companies that offers wireless communications, Vodafone Albania; also one of the world’s largest mobile telecommunication operators. The bright side of social responsibilities is associated in some cases by regressive informal standards applied to all investors and new businesses in the country. The cost of informality is paid in full by the society diminishing the values of social responsibilities and ethical standards applied by business organizations. Even though, Vodafone has successfully implemented social responsiveness initiatives through cause promotions initiatives, corporate social marketing, cause related marketing, company philanthropy, community volunteering, and socially responsible business practices that support social causes to improve community well-being and protect the environment.

Modeling of Social Effect of Foreign Direct Investment in The Regions of Kazakhstan

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Dinara Zhaksylykovna Rakhmatullayeva

2015-06-01

Full Text Available In the article, the authors estimated the social effect of foreign direct investments (FDI in the regions of Kazakhstan. In order to do it, the authors studied the dynamics of FDI of the region operating enterprises with foreign participation and the regional six indicators of socio-economic development during 2003-2013 on the basis of database of RK Agency on statistics. There are 16 regions of Kazakhstan were involved in the experiment (14 provinces and 2 cities of republican significant — Almaty and Astana. The research was carried out using the “simplified” version of the T. Saati’s Analytic Hierarchy Process (AHP mathematical apparatus and MS Excel. The constructed economic-mathematical model of an assessment of FDI impact on the population welfare and living quality in the regions was hypothetical as the expert estimates of hypothetical expert were used. The authors made a hypothesis: to receive tools for an assessment of the social effect of FDI in the regions of Kazakhstan — the Rating of regional priority of the factors (RPF Rating. The RPF Rating allowed to define a priority of the factors of the population welfare and living quality in the regions of the country and to calculate aggregate social effect of FDI in Kazakhstan, having allocated the directions of its action on each of six factors in a regional section. The research did not reveal a negative impact of FDI on socio-economic development of the regions; moreover the aggregate social effect of FDI is positive for all regions of Kazakhstan. The authors believe that RPF Rating can become as the important tool of soundness of socio-economic policy in the area of development of public-private partnership in the regions of Kazakhstan, and also positive social effects of FDI growth in the long term — all of this will result in promoting a long-term positive impact on the welfare and living quality of the population of the republic.

The Architecture of Investment Climate Surveillance and the Space for Non- Orthodox Policy

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Håvard Haarstad

2012-03-01

Full Text Available The purpose of this article is to take preliminary steps towards a critical theory of what is termed an ‘architecture of investment climate surveillance’. The paper outlines the contours of this architecture, which it suggests is made up of various private and publicagents that have authoritative positions in the market for evaluating investment opportunities and risks. By way of illustrating basic linkages and mechanisms, it examines the way in which these agents ‘read’ the implementation of a piece of non-orthodox policy: Bolivia’s nationalisation of gas. Though not unproblematic, Bolivia’s policy of nationalisation has significantly increased state revenue and allowed new social spending on poverty reduction. Yet despite these positive developmental effects, readings of this policy shift within the investment community have been highly critical, illustrating the investor-centred values on which these evaluations are based. The article concludes bysuggesting that scholars of globalisation must pay more attention to whether and how such discursive responses are able to delimit the space for non-orthodox policy in the global South.

Corporate social responsibility and safety and health at work

NARCIS (Netherlands)

Zwetsloot, G.; Starren, A.; Schenk, C.; Heuverswyn, K.; Kauppinnen, K.; Lindstrom, K.; Kuhn, K.; Zwink, E.; Lentisco, F.; Vaselli, D.; Pujol, L.; Bestraten, M.; Shearn, P.; Kenny, L.; Goudswaard, A.; Bovenkamp, M. van de

2004-01-01

Corporate social responsibility (CSR) was defined by the European Commission as a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. To be socially responsible means going beyond

Social licence, corporate social responsibility and coal seam gas: framing the new political dynamics of contestation

International Nuclear Information System (INIS)

Curran, Giorel

2017-01-01

This paper explores the contestation dynamics between the unconventional gas mining sector and its challengers through the prism of the social licence to operate. Social licence is a dominant narrative in the mining sector today and as a signifier of the sector's CSR credentials, the term is an influential one. Its capacity to confer project legitimacy, and hence avoid the risks of community opposition, helps explain why most companies seek to gain one. Today both gas proponents and opponents talk the language of social licence: the former to defend their projects, the latter to challenge them. Yet, beyond rhetoric, the precise meaning of social licence remains elusive. This paper uses a case study of community opposition to primarily coal seam gas projects in an eastern Australian region to explore how the absence of a precise meaning for social licence has created a strategic opportunity space for the industry's opponents to invest social licence with a potent democracy frame. This democracy framing has proved particularly effective as a contestation tool and helps explain the outcomes in this case. - Highlights: • Unconventional gas exploration and mining is becoming increasingly contested. • A key way of managing this contestation is through the social licence to operate. • Both proponents and opponents of gas mining use social licence strategically. • Social licence has become increasingly politicised. • A democratic frame assists the effectiveness of contestation.

The business case for corporate social responsibility

Directory of Open Access Journals (Sweden)

Vlastelica-Bakić Tamara

2012-01-01

Full Text Available In addition to generating economic growth and competitiveness, modern society expects from companies active contribution to sustainable development of economy and society, as well as preservation of the environment. Corporate social responsibility as a business philosophy aims at achieving long-term benefits for the company and the society in which it operates. Although the concept of corporate social responsibility has already been accepted in both theory and practice, the goal of this paper is to underline the arguments and benefits of introducing the concept in business community. The paper presents the business case for corporate social responsibility through the presentation of the impact on the financial performance of the company, consumer behavior and ultimately on its reputation.

FACTORS DETERMINING THE INVESTMENT ATTRACTIVENESS OF THE REGION

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O. I. Avtsinov

2014-01-01

Full Text Available Summary.In the article we can see relevance of the research aimed at creating a favorable investment climate in the country and its regions, as a necessary condition for solving the problems of modernization of industrial production, the introduction of scientific and technological progress in all spheres of public life, the implementation of large-scale social and productive programs. In the study we justify the theoretical principles and reveal the essence of the relationship concepts: investment climate, investment attractiveness and investment activity. It is proved that the investment attractiveness should be considered as a sign of factorial and important component of the investment climate in the region, and investment activity as a sign score. In the study we can see a wide range of factors shaping favorable conditions for investment activities. The author focuses on the importance of non-traditional factors shaping the investment attractiveness of such as reducing the time to connect to power grid, information communication, improvement of tax reporting procedures, clarity of customs work, the introduction of regulations for obtaining permits for construction of facilities and reducing the number of required documents. This article analyzes of the indices and the key factors of investment attractiveness of the Voronezh region, which attract investment, exceeding the national average. The main ones are the development of new industrial parks with good transport, engineering, business infrastructure. Investors in the region have favorable conditions to carry on business on the prepared sites with painted communications, junctions, allowing them to reduce production costs, while correspondingly increasing the investment attractiveness of the area. Success of the attracting investment in the Voronezh region is largely due to the introduction standard of the executive bodies of state power, including 15 documents designed to make the

Fueling war : the impact of Canadian oil investment on the conflict in Columbia

Energy Technology Data Exchange (ETDEWEB)

Pearce, S.

2002-11-15

Canadian oil companies have become increasingly involved in oil exploration and development in Columbia over the last 2 years. This paper examined the impact of Canadian oil investment on armed conflict in Columbia, and suggested that there is a strong correlation between regions of mineral wealth and regions of political conflict. The role of Canadian companies in contributing to the escalation of political violence was explored, and the economics of civil war from a theoretical perspective were examined with regards to the financing of rebellion and the role of international investment. The origins and evolution of the civil war in Colombia were outlined. Possibilities for ethical oil investment in Colombia were also explored. The paper supported recent assertions that in order to understand the political economy of civil war, the role of the international private sector must be evaluated. The significance of primary resources as a funding source for armed groups was confirmed, as well as the tendency for conflict to centre on areas of resource wealth in the country. A case study of Talisman Energy's activities in Sudan was also presented. It was suggested that oil companies operating in Colombia must become involved in local development projects to improve education and health, and should also design security measures from a corporate social responsibility perspective. It was concluded that in order to work towards the resolution of armed conflict there the root causes of the conflict, issues such as land reform, social inequality, and the terms of foreign investment must be addressed in addition to the means by which illegal armed actors finance themselves. 73 figs.

Motives of Socially Responsible Business Conduct

NARCIS (Netherlands)

Graafland, J.J.; Kaptein, M.; Mazereeuw V/d Duijn Schouten, C.

2010-01-01

The social and ecological challenges that governments face have raised their interest in socially responsible business conduct (SRBC). In this article we analyze the motives of executives to perform SRBC. We distinguish three types of motives: financial, ethical and altruistic motives. We test the

Analysis of Social Return on Investment in two systems of support for people with severe disabilities: personal assistance and residential service. A case study

Directory of Open Access Journals (Sweden)

Agustín Huete García

2014-06-01

Full Text Available At present, there are several alternatives to support daily life of people with disabilities, which require different resources: human, institutional, technical, material, financial, etc. In addition, these alternatives involve different impacts on both the life of people with disabilites and their immediate environment. This paper presents a case study that compares an user of personal assistance services of the Program for Independent Living (PAVI with an user of a residential service. The study method used is based on the approach of Social Return on Investment (SROI. It also specifies the selection of cases, the partners consulted to gather concepts and values, data collection, variables and formulas for calculating and monetization. Despite its limited scope, it is possible to draw conclusions about the social return on investment in a “standard profile” receiving personal assistance services compared with a “standard profile” in a residential service.

A Dynamic Growth Model for Flows of Foreign Direct Investment

OpenAIRE

Yi-Hui Chiang; Yiming Li; Chih-Young Hung

2007-01-01

In this work, we for the first time study the dynamic flows of the foreign direct investment (FDI) with a dynamic growth theory. We define the FDI flow as a process which transmits throughout a given social system by way of diverse communication channels. In model formulation, seven assumptions are thus proposed and the foreign capital policy of the host country is considered as an external influence; in addition, the investment policy of the investing country is modeled as an internal influe...

The influence of ecological and economic security on region's investment appeal

OpenAIRE

Aleksandr Kuklin; Irina Belik

2009-01-01

In the article authors reveal regional aspect of the problem of influence the ecological factor on investment appeal. This allows considering from the point of ecological and economic security. The choice of the type of investment policy in different scenarios of social-economic development of the region.

Some considerations regarding the legal responsibility and the social responsibility

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Diana Anca ARTENE

2014-12-01

Full Text Available The judicial responsibility is acknowledged in the judicial doctrine2, as being ‘the starting point’ of the entire social responsibility, position that continues to have from ancient times until today, thus providing an expression of Law on its most concerted form, which reflect the stage of evolution of the entire social life. Expressing forms and realities of social life, both values and norms are ideal standards of conduct, perceived as individual requirements by each member of society3. The human action enforces the compliance of certain rules and its subordination of certain goals and interests, according to a system of principles and criteria; this is because the individual lead his existence in a relational system with others, a system characterized by extensive interactions and interdependencies. In any society may appear different types of conduct, whose broad includes those conformist, innovative, as well as those non-conformists, escapist or deviant. As full integration of the individual in society, legal norms are not an exclusive element; these are the foundation of a set of rules for the most various types. The institution of social responsibility arises precisely in this way, representing a higher level of integration of the individual in the society.

Scientists' Ethical Obligations and Social Responsibility for Nanotechnology Research.

Science.gov (United States)

Corley, Elizabeth A; Kim, Youngjae; Scheufele, Dietram A

2016-02-01

Scientists' sense of social responsibility is particularly relevant for emerging technologies. Since a regulatory vacuum can sometimes occur in the early stages of these technologies, individual scientists' social responsibility might be one of the most significant checks on the risks and negative consequences of this scientific research. In this article, we analyze data from a 2011 mail survey of leading U.S. nanoscientists to explore their perceptions the regarding social and ethical responsibilities for their nanotechnology research. Our analyses show that leading U.S. nanoscientists express a moderate level of social responsibility about their research. Yet, they have a strong sense of ethical obligation to protect laboratory workers (in both universities and industry) from unhealthy exposure to nanomaterials. We also find that there are significant differences in scientists' sense of social and ethical responsibility depending on their demographic characteristics, job affiliation, attention to media content, risk perceptions and benefit perceptions. We conclude with some implications for future research.

Social responsibility of corporations

Directory of Open Access Journals (Sweden)

Babić Jovan

2007-01-01

Full Text Available The issue at stake in the article is corporate social responsibility. There are two rival theories regarding this issue. According to the classical theory managers are responsible to owners (stockholders and their obligation is to pursue the goal of maximizing the profit. According to the other, stakeholder theory, the interests of all corporate stakeholders, all those affected by business, not only stockholders, must be taken in consideration. In the paper these two theories are subject of thorough ethical analysis.

Social Responsibility and Economic Efficiency: aspects of estimation

OpenAIRE

Filippova, Irina

2014-01-01

The article discusses the concept of social responsibility of state and business in terms of effectiveness of social production system. In this perspective the traditional approaches to determining the effectiveness of the economic system were critically reviewed. Not only new approach to assessing the effectiveness being proposed in this paper, but also the link between effectiveness of public production system and social responsibility of core subjects is substantiated. Conventional approac...

Corporate Social Responsibility and Sustainability: Tourist Enterprises of Cantabria

OpenAIRE

Garrido Palacio, Fernando

2011-01-01

Currently, corporate social responsibility is seen as a factor to take into account for the sustainable development of the enterprises. This research provides an approach on this matter, defining the socially responsible activities developed in the tourism industry through sustainable development theory and stakeholder's theory. This study is made on a qualitative research methodology, based on case study. The analysis shows that corporate social responsibility is a multidimensional const...

The transmission of socially responsible behaviour through international trade

OpenAIRE

Newman, Carol; Rand, John; Tarp, Finn; Trifkovic, Neda

2016-01-01

We investigate the relationship between the corporate social responsibility practices of local domestic firms and their engagement with foreign markets using four waves of panel data on a sample of more than 4,500 manufacturing firms from Viet Nam. We develop a measure of corporate social responsibility that combines compliance with labour standards, management commitment to corporate social responsibility, and community activities. We find a strong relationship between engagement in internat...

CORPORATE SOCIAL RESPONSIBILITY AND ITS FINANCIAL PERFORMANCE

Directory of Open Access Journals (Sweden)

Raluca Miruna Zapciu

2015-06-01

Full Text Available 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 lead to positive announcements returns and superior accounting performance. Also, the channels through which companies benefit from CSR are examined. The paper finds that CSR improves employee satisfaction and helps companies cater to customers that are responsive to sustainable practices and that the adoption of CSR proposals is associated with an increase in labor productivity and sales growth. The results indicate that the sign of the relationship is positive and statistically significant relationship between corporate social responsibility and financial performance, supporting the view that socially responsible corporate performance can be associated with a series of bottom-line benefits.

Ant tending influences soldier production in a social aphid.

Science.gov (United States)

Shingleton, A W; Foster, W A

2000-09-22

The aphid Pseudoregma sundanica (Van der Goot) (Homoptera: Aphididae) has two defence strategies. It is obligatorily tended by various species of ant and also produces sterile soldiers. We investigated how they allocate their investment in these two strategies. We measured the size, number of soldiers, number and species of tending ant, and number and species of predators in P. sundanica populations. We found that the level of ant tending correlated negatively with soldier investment in P. sundanica. The species of tending ant also influenced soldier investment. We excluded ants from aphid populations and recorded changes in population size and structure over four weeks. Ant exclusion led to population decline and extinction. At the same time, surviving populations showed a significant increase in soldier investment. The data demonstrate that social aphids can adjust their investment in soldiers in direct response to environmental change.

The interactive effects of multiple stressors on physiological stress responses and club cell investment in fathead minnows

International Nuclear Information System (INIS)

Manek, Aditya K.; Ferrari, Maud C.O.; Niyogi, Som; Chivers, Douglas P.

2014-01-01

Anthropogenic activities have dramatically increased over the past decades, with the consequence that many organisms are simultaneously exposed to multiple stressors. Understanding how organisms respond to these stressors is a key focus for scientists from many disciplines. Here we investigated the interactive effects of two stressors, UV radiation (UVR) and cadmium (Cd) exposure on a common freshwater fish, fathead minnow (Pimephales promelas). UVR is known to influence the density of epidermal club cells (ECCs), which are not only a key component of the innate immune system of fishes, but are also the source of chemical alarm cues that serve to warn other fishes of nearby predators. In contrast, Cd impairs the physiological stress response and ability of fish to respond to alarm cues. We used an integrative approach to examine physiological stress response as well as investment in ECCs. Fish exposed to UVR had higher levels of cortisol than non-exposed controls, but Cd reduced cortisol levels substantially for fish exposed to UVR. Fish exposed to UVR, either in the presence or absence of Cd, showed consistent decreases in ECC investment compared to non-exposed controls. Despite differences in ECC number, there was no difference in the potency of alarm cues prepared from the skin of UVR and Cd exposed or non-exposed fish indicating that UVR and Cd exposure combined may have little influence on chemically-mediated predator–prey interactions. - Highlights: • UV radiation caused a physiological stress response (cortisol release) in fish. • Cd reduced cortisol levels substantially for fish exposed to UV. • Fish exposed to UV, with or without Cd, showed decreases in club cell investment. • There was no difference in alarm cues potency from UV and Cd exposed fish. • Our work highlights the difficulty of untangling effects of multiple stressors

The interactive effects of multiple stressors on physiological stress responses and club cell investment in fathead minnows

Energy Technology Data Exchange (ETDEWEB)

Manek, Aditya K., E-mail: aditya.manek@usask.ca [Department of Biology, University of Saskatchewan, Saskatoon, S7N 5E2 SK (Canada); Ferrari, Maud C.O. [Department of Biomedical Sciences, WCVM, University of Saskatchewan, Saskatoon, SK S7N 5B4 (Canada); Niyogi, Som; Chivers, Douglas P. [Department of Biology, University of Saskatchewan, Saskatoon, S7N 5E2 SK (Canada)

2014-04-01

Anthropogenic activities have dramatically increased over the past decades, with the consequence that many organisms are simultaneously exposed to multiple stressors. Understanding how organisms respond to these stressors is a key focus for scientists from many disciplines. Here we investigated the interactive effects of two stressors, UV radiation (UVR) and cadmium (Cd) exposure on a common freshwater fish, fathead minnow (Pimephales promelas). UVR is known to influence the density of epidermal club cells (ECCs), which are not only a key component of the innate immune system of fishes, but are also the source of chemical alarm cues that serve to warn other fishes of nearby predators. In contrast, Cd impairs the physiological stress response and ability of fish to respond to alarm cues. We used an integrative approach to examine physiological stress response as well as investment in ECCs. Fish exposed to UVR had higher levels of cortisol than non-exposed controls, but Cd reduced cortisol levels substantially for fish exposed to UVR. Fish exposed to UVR, either in the presence or absence of Cd, showed consistent decreases in ECC investment compared to non-exposed controls. Despite differences in ECC number, there was no difference in the potency of alarm cues prepared from the skin of UVR and Cd exposed or non-exposed fish indicating that UVR and Cd exposure combined may have little influence on chemically-mediated predator–prey interactions. - Highlights: • UV radiation caused a physiological stress response (cortisol release) in fish. • Cd reduced cortisol levels substantially for fish exposed to UV. • Fish exposed to UV, with or without Cd, showed decreases in club cell investment. • There was no difference in alarm cues potency from UV and Cd exposed fish. • Our work highlights the difficulty of untangling effects of multiple stressors.

Corporate Social Responsability: Selected Theoretical and Empirical Aspects

Directory of Open Access Journals (Sweden)

Witkowska Janina

2016-03-01

Full Text Available The notion of Corporate social responsibility (CSR is still stirring debate over how it should be interpreted, what models of CSR dominate in business practice, and consequences of enterprises’ engagement into socially responsible actions. While business practice demonstrates that companies voluntarily include social and environmental issues into their activities and into their relations with stakeholders, it is hard to determine what intentions motivate them to do so. This paper analyses selected aspects of discussions focused on the notion of CSR and identifies controversies over the standardisation of ethical and social business activities.

Addressing social responsibility in medical education: the African way.

Science.gov (United States)

Kwizera, Enoch N; Iputo, Jehu E

2011-01-01

Indigenous sub-Saharan societies have, over the millennia, lived and socialised within the unwritten 'rules' of the 'Ubuntu' or similar philosophies that emphasises holistic 'humanness', and which is a form of 'social responsibility'. This article looks into some relevant social responsibility aspects of medical education in the South African context, with particular emphasis on how these aspects have been addressed. Apartheid was, by its very nature, incompatible with social responsibility for the majority of South Africans, but one medical school that was a non-complicit product of apartheid succeeded in fulfilling a socially responsible mission. Thus, this article implicitly identifies what South Africa, Africa and the global Health Professions Education community could learn from these trail-blazing experiences.

Banking for health: the role of financial sector actors in investing in global health

Science.gov (United States)

Kickbusch, Ilona; Franz, Christian; Wells, Nadya

2018-01-01

The world faces multiple health financing challenges as the global health burden evolves. Countries have set an ambitious health policy agenda for the next 15 years with prioritisation of universal health coverage under the Sustainable Development Goals. The scale of investment needed for equitable access to health services means global health is one of the key economic opportunities for decades to come. New financing partnerships with the private sector are vital. The aim of this study is to unlock additional financing sources, acknowledging the imperative to link financial returns to the providers of capital, and create profitable, sustainable financing structures. This paper outlines the global health investment opportunity exploring intersections of financial and health sector interests, and the role investment in health can play in economic development. Considering increasing demand for impact investments, the paper explores responsible financing initiatives and expansion of the global movement for sustainable capital markets. Adding an explicit health component (H) to the Environmental, Social and Governance (ESG) investment criteria, creating the ESG+H initiative, could serve as catalyst for the inclusion of health criteria into mainstream financial actors’ business practices and investment objectives. The conclusion finds that health considerations directly impact profitability of the firm and therefore should be incorporated into financial analysis. Positive assessment of health impact, at a broad societal or environmental level, as well as for a firm’s employees can become a value enhancing competitive advantage. An ESG+H framework could incorporate this into mainstream financial decision-making and into scalable investment products. PMID:29736278

Banking for health: the role of financial sector actors in investing in global health.

Science.gov (United States)

Krech, Rüdiger; Kickbusch, Ilona; Franz, Christian; Wells, Nadya

2018-01-01

The world faces multiple health financing challenges as the global health burden evolves. Countries have set an ambitious health policy agenda for the next 15 years with prioritisation of universal health coverage under the Sustainable Development Goals. The scale of investment needed for equitable access to health services means global health is one of the key economic opportunities for decades to come. New financing partnerships with the private sector are vital. The aim of this study is to unlock additional financing sources, acknowledging the imperative to link financial returns to the providers of capital, and create profitable, sustainable financing structures. This paper outlines the global health investment opportunity exploring intersections of financial and health sector interests, and the role investment in health can play in economic development. Considering increasing demand for impact investments, the paper explores responsible financing initiatives and expansion of the global movement for sustainable capital markets. Adding an explicit health component (H) to the Environmental, Social and Governance (ESG) investment criteria, creating the ESG+H initiative, could serve as catalyst for the inclusion of health criteria into mainstream financial actors' business practices and investment objectives. The conclusion finds that health considerations directly impact profitability of the firm and therefore should be incorporated into financial analysis. Positive assessment of health impact, at a broad societal or environmental level, as well as for a firm's employees can become a value enhancing competitive advantage. An ESG+H framework could incorporate this into mainstream financial decision-making and into scalable investment products.

Corporate social responsibility as an agent for social change

DEFF Research Database (Denmark)

Justenlund, Anders; Rebelo, Sofia

level employees (middle management/employees) go through when working according to CSR-principles, based on social motives and behaviour. A hermeneutical paradigm is applied to the understanding of human (inter-) action in relation to understand a phenomenon as CSR and motives for social change....... It is suggested that the process of positive social change is divided into four phases, which to a point can be compared to The Human Learning Process by Stuart Dreyfus. Another aspect of this paper is also to create a bottom-up approach to the implementation of CSR-principles as the majority of CSR literature......The intention of this paper is to provide a specific understanding of corporate social responsibility with a particular focus in social issues in relation to human resource development. The understanding of CSR is used to create a theoretical analytical framework that should provide researchers...

Responsible Belief and Our Social Institutions

NARCIS (Netherlands)

van Woudenberg, R.

2009-01-01

The idea that we can properly be held responsible for what we believe underlies large stretches of our social and institutional life; without that idea in place, social and institutional life would be unthinkable, and more importantly, it would stumble and fall. At the same time, philosophers have

The Master model on multi-actor and multilevel social responsibilities: A conceptual framework for policies and governance on stakeholders’ social responsibilities

OpenAIRE

Ashley, Patricia Almeida

2011-01-01

textabstractThis working paper contributes to a collective discussion in a workshop occurring in January 2011 at the International Institute of Social Studies, bringing scholars from Europe and Brazil and aiming inter-university research collaboration on linking policies on social responsibility to development and equity. The paper serves as an introductory discussion for reframing the concept of corporate social responsibility into a broader umbrella concept of multi-actor and multilevel soc...

Transierra social action plan; Plano de acao social de Transierra: responsabilidade social e satisfacao comunitaria

Energy Technology Data Exchange (ETDEWEB)

Chavez Alba, Rafael [TRANSIERRA S.A., Santa Cruz (Bolivia)

2005-07-01

The design and the execution of the social - environmental compensation's plan of Transierra, or Plan of Social Action (PAS), are based on the implementation of programs and projects with 8 organizations belonging to 2 Indigenous Villages and with 6 Municipal Governments, for which jurisdictions crosses the Gas pipeline Yacuiba Rio Grande (GASYRG). The PAS is allowing the company to support tight links of good vicinity, and at the same time that is generating local employment and public and private concurrent investments, contributing this way to the sustainable development and to the improvement of the quality of life of the region and the country. Transierra's PAS is implemented by the principal social actors of the influence area who have institutional, legal and social - politics responsibilities with the development of more than 30.000 families, the same ones that have expressed a high degree of satisfaction for being beneficiaries of more than 600 projects of health, education, culture, basic sanitation, infrastructure and productive development. The present work tries to summarize the current advances and the results of the implementation of the PAS, as well as to demonstrate that the levels of satisfaction of the beneficiaries are happily coincidental with the institutional intentions of Social Corporate Responsibility. (author)

Transierra social action plan; Plano de acao social de Transierra: responsabilidade social e satisfacao comunitaria

Energy Technology Data Exchange (ETDEWEB)

Chavez Alba, Rafael [TRANSIERRA S.A., Santa Cruz (Bolivia)

2005-07-01