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All Articles in Business Law, Public Responsibility, and Ethics

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The Technological And Business Evolution Of Machine Based Gambling In America, Darren Prum, Carlin McCrory 2014 SelectedWorks

The Technological And Business Evolution Of Machine Based Gambling In America, Darren Prum, Carlin Mccrory

Darren A. Prum

Machine Based Gambling has become a major source of revenue to many states across the country that need the money but face obstacles to raising taxes within their jurisdiction. The figures are startling with the Commonwealth of Pennsylvania’s cut at over $1.456 Billion in 2011, which exceed the next closest state by $500 million. In addition, there are more than twice as many slot machines available to the public than ATMs. The benefits of machine based gaming has allowed many governments to revitalized tourism locations, make some Native Americans economically self-sufficient, and save horse and dog race tracks ...


Ethical Business Is Not A Pipe Dream In Emerging Markets, Singapore Management University 2014 Singapore Management University

Ethical Business Is Not A Pipe Dream In Emerging Markets, Singapore Management University

Perspectives@SMU

One top executive in India believes, and has proven, that business can be done the right way even in a country plagued by graft.


Leading With Character, Singapore Management University 2014 Singapore Management University

Leading With Character, Singapore Management University

Perspectives@SMU

Procter & Gamble’s former CEO speaks about taking responsibility and acting quickly to succeed.


Corporate Governance And Social Welfare In The Common Law World, David A. Skeel Jr. 2014 University of Pennsylvania Law School

Corporate Governance And Social Welfare In The Common Law World, David A. Skeel Jr.

Faculty Scholarship

The newest addition to the spate of recent theories of comparative corporate governance is Corporate Governance in the Common-Law World: The Political Foundations of Shareholder Power, an important new book by Christopher Bruner. Focusing on the U.S., the U.K., Canada and Australia, Bruner argues that the robustness of the country’s social welfare system is the key determinant of the extent to which its corporate governance is shareholder-centered. This explains why corporate governance is so shareholder-oriented in the United Kingdom, which has universal healthcare and generous unemployment benefits, while shareholders’ powers are more attenuated in the United States ...


The Ethical-Religious Framework For Shalom, Michael E. Cafferky 2014 Southern Adventist Univeristy

The Ethical-Religious Framework For Shalom, Michael E. Cafferky

Faculty Works

This paper explores the ancient Hebrew Decalogue, the Ten Commandments, a traditional ethical-religious framework for business conduct, in terms of its contribution to well-being. Some elements of the Decalogue align with what contemporary scholars believe are generally-accepted moral principles expected of businesses. This paper addresses the question of how all the elements of the Decalogue contribute to the Hebrew concept of Shalom. The purpose of the Decalogue is established in the context of a covenant community of believers. Each of the Ten Commandments is evaluated in terms of its contribution to Shalom.


Reinventing Copyright And Patent, Abraham Bell, Gideon Parchomovsky 2014 University of Pennsylvania Law School

Reinventing Copyright And Patent, Abraham Bell, Gideon Parchomovsky

Faculty Scholarship

Intellectual property systems all over the world are modeled on the one-size-fits-all principle. However important or unimportant, inventions and original works of authorship receive the same scope of protection, for the same period, backed by the same variety of legal remedies. Metaphorically speaking, all intellectual property is equal under the law. This equality comes at a heavy price. The equality principle gives all creators access to the same remedies, even when those remedies create perverse incentives. Moreover, society overpays for innovation by inflicting on society more monopoly losses than are strictly necessary to incentivize production.


In this Article, we propose ...


A Corporation Has No Soul — The Business Entity Law Response To Challenges To The Ppaca Contraceptive Mandate, Thomas E. Rutledge 2014 College of William & Mary Law School

A Corporation Has No Soul — The Business Entity Law Response To Challenges To The Ppaca Contraceptive Mandate, Thomas E. Rutledge

William & Mary Business Law Review

The most contentious matter in the implementation of the Patient Protection and Affordable Care Act is not one of health care, but rather one of the law of business organizations. Numerous for-profit business organizations have challenged the portion of the PPACA and its related regulations requiring that group health insurance plans provide, on a no-cost sharing basis, coverage for a variety of procedures and prescription medicines involving contraception and what some describe as “abortificants.” In these suits, the various business ventures and their owners assert that they should be exempt from the requirement of the mandate on the basis that ...


Broker-Dealers, Institutional Investors, And Fiduciary Duty: Much Ado About Nothing?, Lynn Bai 2014 College of William & Mary Law School

Broker-Dealers, Institutional Investors, And Fiduciary Duty: Much Ado About Nothing?, Lynn Bai

William & Mary Business Law Review

Under the mandate of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the SEC is soliciting public opinions on whether broker-dealers should be subject to a fiduciary duty when advising retail and institutional investors. This Article focuses on the advisability of such a proposal for institutional investors. It shows that, first, a fiduciary duty could potentially enhance broker-dealers’ standard of conduct for only a subset of institutional investors who are well capitalized, capable of assessing risks independently, and acknowledge in writing their nonreliance on broker-dealers’ advice. Thus, the benefit of fiduciary duty is much narrower than what ...


Corporate Social Performance, Analyst Stock Recommendations, And Firm Future Returns, Xueming Luo, Heli WANG, Sascha Raithel, Qinqin Zheng 2014 Singapore Management University

Corporate Social Performance, Analyst Stock Recommendations, And Firm Future Returns, Xueming Luo, Heli Wang, Sascha Raithel, Qinqin Zheng

Research Collection Lee Kong Chian School Of Business

This study posits that security analysts heed corporate social performance information and factor it into their recommendations to general investors. In particular, as corporate social performance is often uncertain and ambiguous to general investors, analysts may serve as the informational pathway connecting corporate social performance to firm stock returns. Thus, we argue that analyst recommendations mediate the relationship between corporate social performance and firm stock returns. On the basis of not only a qualitative study with literature searches and interviews of stock analysts but also a quantitative study with two longitudinal samples of large firms, we find support for these ...


Reverse Mortgages Can Help Fund Retirement, Singapore Management University 2014 Singapore Management University

Reverse Mortgages Can Help Fund Retirement, Singapore Management University

Perspectives@SMU

But a well-designed contract and the education of retirees are important if they are to reap the benefits.


Brand Valuation Of Intangible Assets: Hot Topics Of 2014, Scott D. Hakala 2014 SelectedWorks

Brand Valuation Of Intangible Assets: Hot Topics Of 2014, Scott D. Hakala

Scott D Hakala

Outline of Topics and Points made during a Webinar on Brand Valuation. The discussion includes some comments on issues with brand valuation and the do's and don'ts for such valuation analyses.


Facilitating Successful Failures, Michelle M. Harner, Jamie Marincic Griffin 2014 University of Maryland Francis King Carey School of Law

Facilitating Successful Failures, Michelle M. Harner, Jamie Marincic Griffin

Faculty Scholarship

Approximately 80,000 businesses fail each year in the United States. This article presents an original empirical study of over 400 business restructuring professionals focused on a critical, arguably contributing factor to these failures—the conduct of boards of directors and management. Anecdotal evidence suggests that management of distressed companies often bury their heads in the sand until it is too late to remedy the companies’ problems, a phenomenon commonly called “ostrich syndrome.” The data confirm this behavior, show a prevalent use of loss framing, and suggest trends consistent with prospect theory. The article draws on these data and behavioral ...


Sustainability Fellowships: The Potential For Collective Stakeholder Influence, Kent Walker Dr., Andre Laplume 2014 University of Windsor

Sustainability Fellowships: The Potential For Collective Stakeholder Influence, Kent Walker Dr., Andre Laplume

Odette School of Business Publications

Purpose –Given the current ecological state of the planet organizations now need to develop their sustainability to a significantly greater extent and at a faster pace. This paper proposes stakeholder collectives as a means for rapid and comprehensive sustainability, while also examining the moderating influence of firm size and change potential.

Design/methodology/approach – A theoretical analysis leads to the development of multiple propositions. The work concentrates on one research question: How can we bring about rapid and comprehensive organizational sustainability?

Findings – Arguments for the inability of individual stakeholders to drive the level of sustainability now required are presented. Propositions ...


Empirical Archetypes For Strong Corporate Environmental Performance, Kent Walker Dr., na ni, Bruno Dyck Dr. 2014 University of Windsor

Empirical Archetypes For Strong Corporate Environmental Performance, Kent Walker Dr., Na Ni, Bruno Dyck Dr.

Odette School of Business Publications

We examine 45 existing case studies of firms with strong corporate environmental performance (CEP) to empirically identify four organizational configurations for successful sustainability. These four configurations represent different combinations of variables describing a firm’s external environment, organizational structure, and its strategy-related activities. More specifically, these configurations vary in having a benign or challenging external environment, a mechanistic or organic structure, a low-cost or differentiation strategy, hands-on or hands-off participation by the top-management-team, high or low consideration given to stakeholders, and a short or long-term time orientation. Taken together the four organizational configurations introduce an understanding of equifinality for achieving ...


Shortcomings Of Investior-Based Ratings Of Corporate Reputation: An Exploratory Empirical Study That Shows A Variety Of Stakeholder Groups Place Greater Emphasis On Corporate Ethics Than Profits., Kent Walker Dr., Bruno Dyck Dr. 2014 University of Windsor

Shortcomings Of Investior-Based Ratings Of Corporate Reputation: An Exploratory Empirical Study That Shows A Variety Of Stakeholder Groups Place Greater Emphasis On Corporate Ethics Than Profits., Kent Walker Dr., Bruno Dyck Dr.

Odette School of Business Publications

We examine three assumptions commonly held in the corporate reputation literature: i) reputation ratings of owners and investors are generally representative of all stakeholders; ii) stakeholders will generally provide a higher reputation rating to firms that emphasize corporate social responsibility versus firms that do not; and iii) profitability is the primary criterion of importance to all stakeholders when rating a firm’s reputation. Using an exploratory in-class exercise our findings suggest that: i) there are significant differences among stakeholder groups in their reputation ratings; ii) firms that emphasize corporate social responsibility are not rated more highly across all stakeholder groups ...


Is The Red Dragon Green? An Examination Of The Antecedents And Consequences Of Environmental Proactivity In China, Kent Walker Dr., Na Ni Dr., Weidong Huo 2014 University of Windsor

Is The Red Dragon Green? An Examination Of The Antecedents And Consequences Of Environmental Proactivity In China, Kent Walker Dr., Na Ni Dr., Weidong Huo

Odette School of Business Publications

China is the world’s second largest economy and the largest emitter of carbon dioxide, yet we know little about environmental proactivity in the most populated country in the world. We address this gap through a survey of 161 Chinese companies with two respondents per firm (N = 322) where we seek to identify the antecedents and consequences of environmental proactivity. We identify two categorizations of environmental proactivity: Environmental operational improvements and environmental reporting. We find that ecological motivations and regulatory stakeholder pressure are positively related to both types of environmental proactivity, and external stakeholder pressure is negatively related to environmental ...


The Companies We Keep: From Legitimacy To Reputation In Retail Investment, Elisabeth Brooke Harrington 2014 SelectedWorks

The Companies We Keep: From Legitimacy To Reputation In Retail Investment, Elisabeth Brooke Harrington

Elisabeth Brooke Harrington

Few studies have examined public response to unethical or illegal behavior by firms, despite some research on institutional investors, organized protest groups or shareholder activists. Although a robust research literature shows that corporations invest heavily in impression management the relevant audiences for these messages have generally been construed by scholars as other organizations, obscuring the micro-foundations of market activity. This paper will address the knowledge gap by drawing on evidence from a long term field study of retail investors. Based on their responses to firms’ misconduct before and after the corporate fraud scandals of the twentieth century, this paper will ...


Ethics And Market Economic System: A General Review And A Survey, Reza G. Hamzaee 2014 Walden University

Ethics And Market Economic System: A General Review And A Survey, Reza G. Hamzaee

International Journal of Applied Management and Technology

Recent global recession has motivated this predominantly historical and exploratory research of thoughts and perceptions. A continuous planning of governmental correction of any market failure, such as various types of externalities and information asymmetry, has been strongly recommended by the pioneers of free enterprise systems. Capitalism—in which private ownership of means of production, physical capital, human capital, financial capital, brand-name capital, social capital, land, and mineral deposits are all protected by law without implementation of a series of certain evolving ethical standards and principles—may not continue to be the same efficient system as implied to be by the ...


Corporate Social Responsibility In A Remedy-Seeking Society: A Public Choice Perspective, Donald J. Kochan 2014 Chapman University School of Law

Corporate Social Responsibility In A Remedy-Seeking Society: A Public Choice Perspective, Donald J. Kochan

Donald J. Kochan

Written for the Chapman Law Review Symposium on “What Can Law & Economics Teach Us About the Corporate Social Responsibility Debate?,” this Article applies the lessons of public choice theory to examine corporate social responsibility. The Article adopts a broad definition of corporate social responsibility activism to include both (1) those efforts that seek to convince corporations to voluntarily take into account corporate social responsibility in their own decision-making, and (2) the efforts to alter the legal landscape and expand legal obligations of corporations beyond traditional notions of harm and duty so as to force corporations to invest in interests other ...


Sociaal Ondernemen In De Jeugdhulp. Leidraad Op Basis Van Het Emk Ondersteuningsaanbod, Astrid Coates, Wim Van Opstal 2014 SelectedWorks

Sociaal Ondernemen In De Jeugdhulp. Leidraad Op Basis Van Het Emk Ondersteuningsaanbod, Astrid Coates, Wim Van Opstal

Wim Van Opstal

De sector van de bijzondere jeugdzorg bevindt zich op een scharniermoment. Op 1 maart 2014 treedt immers de integrale jeugdhulp in heel Vlaanderen in werking. Met een nieuwe decretale omgeving wordt het landschap van de jeugdhulp hertekend en dat zorgt voor nieuwe uitdagingen. Het doel is immers dat elke jongere met een probleem zo snel mogelijk de juiste hulp vindt. Door in te grijpen op de organisatie en de werking van de bestaande jeugdhulp, wordt het nieuwe landschap veel overzichtelijker, in het bijzonder voor de cliënt maar ook voor de jeugdhulpverleners zelf.

De sector van de bijzondere jeugdzorg staat in ...


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