Ever Expanding Responsibilities: Upstream And Downstream Corporate Social Responsibility,
2013
University of Richmond
Ever Expanding Responsibilities: Upstream And Downstream Corporate Social Responsibility, Judith Schrempf-Stirling, Guido Palazzo, Robert A. Phillips
Management Faculty Publications
The debate on corporate social responsibility (CSR) has been on the public and academic agenda for several decades. In general, CSR issues can be divided into production-related issues (along the supply chain - or how things are made) and consumption-related issues (towards the consumer and society at large - or how things are used). Following the terminology of Phillips and Caldwell, upstream CSR refers to the CSR debate along the supply chain, and downstream CSR refers to corporate responsibility towards consumers and society at large. The chapter examines current CSR issues, and proposes a social connection model to …
Insider Trading Restrictions And Top Executive Compensation,
2013
University of Pittsburgh - Main Campus
Insider Trading Restrictions And Top Executive Compensation, David J. Denis, Jin Xu
Purdue CIBER Working Papers
The use of equity incentives is significantly greater in countries with stronger insider trading restrictions, and these higher incentives are associated with higher total pay. These findings are robust to alternative definitions of insider trading restrictions and enforcement, and to panel regressions with country fixed effects. We also find significant increases in top executive pay and the use of equity-based incentives in the period immediately following the initial enforcement of insider trading laws. We conclude that insider trading laws are one channel through which cross-country differences in pay practices can be explained.
Do Employers Have Obligations To Pay Their Workers A Living Wage?,
2013
University of Richmond
Do Employers Have Obligations To Pay Their Workers A Living Wage?, Javier S. Hidalgo
Jepson School of Leadership Studies articles, book chapters and other publications
Jeremy Snyder argues that employers have obligations to pay their workers a living wage if workers stand in relationships of dependence with their employers. I argue that Snyder’s argument for this conclusion faces a dilemma. Snyder can adopt either a descriptive or a moralized account of dependence. If Snyder adopts a descriptive account, then it is false that dependence activates obligations to pay a living wage. If Snyder endorses a moralized account of dependence, then Snyder’s argument is circular. So, Snyder’s argument fails to establish that employers have obligations to pay their workers a living wage.
Ipos And The Slow Death Of Section 5,
2013
Georgetown University Law Center
Ipos And The Slow Death Of Section 5, Donald C. Langevoort, Robert B. Thompson
Georgetown Law Faculty Publications and Other Works
Since its enactment, Section 5 of the Securities Act of 1933 has restricted sales-based communications with investors, but that effort is nearly dead even with respect to the most sensitive of offerings, the IPO. Our paper traces that devolution, which began almost as soon as the ’33 Act came into existence, though the SEC’s 2005 deregulatory reforms and Congress’ intervention in the JOBS Act of 2012. We show how much of this related to an embrace of “book-building” as the industry’s preferred method of price discovery, which requires private two-way communications between underwriters and potential sophisticated investors. But book-building (and …
The Organisational Climate Of Sustainability: A Survey,
2013
Embry-Riddle Aeronautical University
The Organisational Climate Of Sustainability: A Survey, Anke Arnaud, Janet K. Tinoco, Dawna L. Rhoades
Management, Marketing and Operations - Daytona Beach
This study describes three dimensions of the climate of sustainability and the development of a survey for assessing these dimensions. The authors report the results of two studies conducted to measure the climate of sustainability dimensions of sensitivity to sustainability (six items), motivation for sustainability (six items), and responsibility for sustainability (five items). Results support that the climate of sustainability is a reliable instrument and demonstrate the convergent and discriminant validity of each survey dimension. Furthermore, results show the criterion-related validity of the climate of sustainability with respect to innovation strategy and employee attitudes including satisfaction and turnover intentions. Implications …
Foreword,
2013
University of Florida Levin College of Law
Teaching Citizens United V. Fec In The Introductory Business Associations Course,
2013
University of Maryland Francis King Carey School of Law
Teaching Citizens United V. Fec In The Introductory Business Associations Course, Michael D. Guttentag
Journal of Business & Technology Law
No abstract provided.
Teaching Business Law Through An Entrepreneurial Lens,
2013
University of Maryland School of Law
Teaching Business Law Through An Entrepreneurial Lens, Michelle M. Harner
Journal of Business & Technology Law
The legal market has changed. Although change creates uncertainty and fear, it also can create opportunity. This essay explores the opportunity for innovation in the business law curriculum, and the role of simulation to help create more practice-aware new lawyers.
Teaching Business Associations Law In The Evolving New Market Economy,
2013
University of Maryland Francis King Carey School of Law
Teaching Business Associations Law In The Evolving New Market Economy, Joan Macleod Heminway
Journal of Business & Technology Law
No abstract provided.
Evaluation Of Ethical Issues In The Knowledge Age: An Exploratory Study,
2013
Bethune-Cookman University
Evaluation Of Ethical Issues In The Knowledge Age: An Exploratory Study, Leila Halawi, Richard V. Mccarthy
Publications
Unethical information technology (IT) conduct is estimated to cost billions of dollars in deficits for enterprises. Included in this unethical behavior are issues associated with the knowledge age. Many IT ethics concerns do not have guidelines that are well recognized or broadly accepted. This study will explore the ethical perception of a diverse group of knowledge workers. It will also examine the effects of deterrents, individual factors and external variables to determine if there are noted differences in ethical perceptions that can be explained by these variables.
Determinants Of Corporate Environmental And Social Disclosure In Chinese Listed Mining, Electricity Supply And Chemical Companies Annual Reports,
2013
Edith Cowan University
Determinants Of Corporate Environmental And Social Disclosure In Chinese Listed Mining, Electricity Supply And Chemical Companies Annual Reports, Junru Zhang
Theses: Doctorates and Masters
As the environmental and social disclosing systems have been developed over decades, the climate of corporate environmental and social responsibility is becoming mature nowadays globally. What and how environment-sensitive companies (i.e. companies that are more likely to do environmental damages) disclose such information voluntarily are extensively concerned by the public, especially in China, where strong debatable issues constantly raise as a result of the rapid economic growth. Corporate environmental and social responsibility is no longer an international obligation but a domestic demand for China. This study will enhance our understanding of a very important issue in arguably the world's most …
A More Realistic Approach To Directors' Duties,
2013
University of Maryland Francis King Carey School of Law
A More Realistic Approach To Directors' Duties, Michelle M. Harner
Faculty Scholarship
Expectations for what fiduciary duties can achieve in the corporate context are unrealistic. This segment of the law—and the alleged deficiencies therein—are blamed for corporate scandals, securities fraud, failed business plans, and even a company's insolvency. Risk is, however, inherent in business, and human beings are flawed. Fiduciary duty law cannot change these basic facts. To the extent we think it can, we will continue to be disappointed and frustrated. This essay considers recasting (and to a greater extent codifying) directors’ duties in a positive frame to help foster better director oversight. It does not suggest that codifying greater clarity …
Merger Settlement And Enforcement Policy For Optimal Deterrence And Maximum Welfare,
2013
Georgetown University Law Center
Merger Settlement And Enforcement Policy For Optimal Deterrence And Maximum Welfare, Steven C. Salop
Georgetown Law Faculty Publications and Other Works
Merger enforcement today relies on settlements more than litigation to resolve anti-competitive concerns. The impact of settlement policy on welfare and the proper goals of settlement policy are highly controversial. Some argue that gun-shy agencies settle for too little while others argue that agencies use their power to delay to extract over-reaching settlement terms, even when mergers are not welfare-reducing. This article uses decision theory to throw light on this controversy. The goal of this article is to formulate and analyze agency merger enforcement and settlement commitment policies in the face of imperfect information, litigation costs, and delay risks by …
Lawyers In The Shadows: The Transactional Lawyer In A World Of Shadow Banking,
2013
Duke Law School
Lawyers In The Shadows: The Transactional Lawyer In A World Of Shadow Banking, Steven L. Schwarcz
Faculty Scholarship
This article examines how the role of transactional lawyers should change in the new world of shadow banking. Although transactional lawyers should consider the potential systemic consequences of their client's actions, their actions should be tempered by their primary duties to the client and by their responsibilities to the l,egal system more broadly.
Corporate Social Responsibility As Corporate Soft Law: Mainstreaming Ethical And Responsible Conduct In Corporate Governance,
2013
Singapore Management University
Corporate Social Responsibility As Corporate Soft Law: Mainstreaming Ethical And Responsible Conduct In Corporate Governance, Eugene K. B. Tan
Research Collection Yong Pung How School Of Law
This article explores corporate social responsibility ("CSR') as a viable mode of regulation and governance in the corporate arena. A starting premise is that good corporate governance must move resolutely beyond a compliance mindset to one which recognises that effective corporate governance must have an ethical backbone in which the dimensions of responsibility, transparency, and accountability are evident, recognised and supported. Regulatory endeavours and corporate governance reforms in the past decade have increasingly intersected with mainstream CSR motivations. CSR is increasingly inducted and mainstreamed into corporate governance thinking, characterised by the dual perspective ofrisk management and values-driven/principled governance and operations. …
Walmart's Sustainability Journey: Lee Scott's Founding Vision,
2012
University of South Carolina
Walmart's Sustainability Journey: Lee Scott's Founding Vision, Andrew Spicer, Laura Lambdin
Wal-Mart Sustainability Case Project
The first case—“Lee Scott’s Founding Vision”—takes the perspective from the apex of the organization as Walmart’s CEO, Lee Scott, develops and articulates his vision of what Walmart hopes to achieve by pursuing an aggressive sustainability strategy. This case explores the pressures that led Scott to announce the company’s ambitious sustainability goals: achieving zero waste, 100% renewable energy, and selling sustainable products. It also explores the choices made when defining and communicating the scope of the strategy, particularly through an in-depth analysis of his announcement of Walmart’s new goals in his October 2005, “Twenty-First Century Leadership” speech.
Underwriting Syndicates In Bric Countries: Determinants Of Syndicate Size And Member Selection,
2012
Fordham University
Underwriting Syndicates In Bric Countries: Determinants Of Syndicate Size And Member Selection
Fordham Business Student Research Journal
The process of startup firms raising capital through equity markets by issuing shares to the public is a strong sign of financial growth and innovation. Going public requires the issuing firm to share information with potential investors and requires financial institutions to underwrite the effort, typically through a syndicate. The underwriting syndicate is a coalition of competing banks that serve as intermediaries between the firm and the investors. In emerging nations, this process is compounded by the differences in the maturity of the financial markets and the economic environment. The growth and significance of capital markets in the BRIC (Brazil, …
Nol Poison Pills: Using Corporate Law For Tax Purposes,
2012
University of Dayton
Nol Poison Pills: Using Corporate Law For Tax Purposes, Sarah J. Webber, Karie Davis-Nozemack
Accounting Faculty Publications
Hundreds of thousands of corporations report net operating loss (NOL) carryovers every year.1 Corporations, with the benefit of NOL rules, may turn disappointing losses into favorable tax results. During economic recovery, corporations are in better position to fully utilize the benefits of NOLs generated in prior years. NOL usage is not without peril, however. Corporations should carefully monitor corporate ownership changes to ensure that NOLs are not lost to the NOL trafficking rules. Under the NOL trafficking rules, excessive shareholder turnover triggers substantial NOL limitations. Unfortunately, corporations are not in control of their shareholder turnover, and therefore not in complete …
Banks' Survival During The Financial Crisis: The Role Of Regulatory Reporting Quality,
2012
Singapore Management University
Banks' Survival During The Financial Crisis: The Role Of Regulatory Reporting Quality, Jeffrey Ng, Tjomme O. Rusticus
Research Collection School Of Accountancy
In this paper, we investigate the effect of bank transparency before the crisis on bank stability during the financial crisis that erupted in 2008. Using a large sample of private and public commercial banks in the United States, we find that transparency enhances stability. We use two measures of transparency. We develop a new measure of financial reporting transparency based on loan loss provision estimation errors. We corroborate our findings using a second measure based on the incidence of accounting restatements. We show that lower transparency before the crisis is associated with higher non-performing loans and lower profitability at the …
Moral Responsibility For Computing Artifacts: "The Rules" And Issues Of Trust,
2012
Sacred Heart University
Moral Responsibility For Computing Artifacts: "The Rules" And Issues Of Trust, Frances S. Grodzinsky, Keith W. Miller, Marty J. Wolf
School of Computer Science & Engineering Faculty Publications
“The Rules” are found in a collaborative document (started in March 2010) that states principles for responsibility when a computer artifact is designed, developed and deployed into a sociotechnical system. At this writing, over 50 people from nine countries have signed onto The Rules (Ad Hoc Committee, 2010). Unlike codes of ethics, The Rules are not tied to any organization, and computer users as well as computing professionals are invited to sign onto The Rules. The emphasis in The Rules is that both users and professionals have responsibilities in the production and use of computing artifacts. In this paper, we …
