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  1. added 2020-04-21
    Central Banks as Leaders in Ensuring Financial Stability.Viktoriia Biloshapka, Igor Britchenko & Iryna Okhrymenko - 2019 - Atlantis Press 318:173-181.
    The paper deals with the basic concepts and key problems of creating financial stability, as well as the role of central banks in its provision. The role of central banks in providing financial stability is extremely important and has a double manifestation - is the maintenance of the stability of the national currency and the responsibility for the stability of commercial banks and the banking system. The central element of any financial system is always banks, so the emergence of systemic (...)
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  2. added 2020-04-19
    Assessment of the Determinants of the Financial Security of Railways in Ukraine.Igor Britchenko, N. I. Bohomolova, S. S. Pinchuk & O. O. Kravchenko - 2018 - Financial and Credit Activity: Problems of Theory and Practice 4 (27):270-282.
    The paper is devoted to the study of determinants determined the level of financial security of economic systems. It is shown that the financial security of an economic system implies the achievement of a level of financial stability that will contribute to simultaneously maintaining financial equilibrium and ensuring targeted growth in line with the development strategy. The level of financial security of rail transport in Ukraine was analyzed and it was determined that the decline in its security was the result (...)
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  3. added 2020-03-10
    Competitive Processes and the Evolution of Governance Structures.Martin Ricketts - 2000 - Journal des Economistes Et des Etudes Humaines 10 (2-3):235-252.
    Cet article examine la concurrence entre des structures de gouvernance des entreprises. Il y est souligné qu’une panoplie de structures “constitutionnelles” peut être observée dans le cadre marchand et que cette variété a servi des objectifs transactionnels importants sur un plan historique. L’article met en contraste les approches coasienne et autrichienne de l’explication des structures de gouvernance. Nous examinons la tendance récente du déplacement de la propriété des entreprises vers les investisseurs par opposition aux arrangements coopératifs et “mutuels”. L ’ (...)
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  4. added 2020-03-09
    Securities Lending Activities in Mutual Funds and ETFs: Ethical Considerations.Lee M. Dunham, Randy Jorgensen & Ken Washer - 2016 - Journal of Business Ethics 139 (1):21-28.
    Securities lending has been a lucrative business for mutual funds and exchange-traded funds over the past decade. Unfortunately for investors, the sponsors of these funds have not been very transparent with the details of their securities lending programs, and consequently most investors in these funds are unaware of their exposure to the risks inherent in securities lending. Interestingly, most funds do not return the full profits from securities lending activities to their investors. In this paper, we examine and discuss the (...)
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  5. added 2020-03-09
    What is Different About Socially Responsible Funds? A Holdings-Based Analysis.Jacquelyn E. Humphrey, Geoffrey J. Warren & Junyan Boon - 2016 - Journal of Business Ethics 138 (2):263-277.
    We provide a comprehensive analysis of differences between socially responsible investment and conventional funds in terms of manager characteristics, performance and fund styles. We use holdings-based analysis to evaluate fund performance and style, which allows us to perform a more in-depth analysis than the extant literature. We find that SRI managers have longer tenure and are more likely to be a female. However, these differences do not result in any significant difference in the performance of SRI and conventional funds. Further, (...)
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  6. added 2020-03-09
    Corporate Social Responsibility in Challenging and Non-Enabling Institutional Contexts: Do Institutional Voids Matter?Kenneth Amaeshi, Emmanuel Adegbite & Tazeeb Rajwani - 2016 - Journal of Business Ethics 134 (1):135-153.
    The extant literature on comparative Corporate Social Responsibility often assumes functioning and enabling institutional arrangements, such as strong government, market and civil society, as a necessary condition for responsible business practices. Setting aside this dominant assumption and drawing insights from a case study of Fidelity Bank, Nigeria, we explore why and how firms still pursue and enact responsible business practices in what could be described as challenging and non-enabling institutional contexts for CSR. Our findings suggest that responsible business practices in (...)
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  7. added 2020-03-09
    Corporate Socially Responsible Initiatives and Their Effects on Consumption of Green Products.Simona Romani, Silvia Grappi & Richard P. Bagozzi - 2016 - Journal of Business Ethics 135 (2):253-264.
    Corporate social responsibility research has focused often on the business returns of corporate social initiatives but less on their possible social returns. We study an actual company–consumer partnership CSR initiative promoting ecologically correct and conscious consumption of bottled mineral water. We conduct a survey on adult consumers to test the hypotheses that consumer skepticism toward the company–consumer partnership CSR initiative and the moral emotion of elevation mediate the relationship between company CSR motives perceived by consumers and consumer behavioral responses following (...)
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  8. added 2020-02-18
    An African Theory of Good Leadership (Repr.).Thaddeus Metz - forthcoming - International Journal of Ethical Leadership 7.
    Shortened version of an article first appearing in the African Journal of Business Ethics (2018).
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  9. added 2020-02-11
    Ethical Reputation of Financial Institutions: Do Board Characteristics Matter?Laura Baselga-Pascual, Antonio Trujillo-Ponce, Emilia Vähämaa & Sami Vähämaa - 2018 - Journal of Business Ethics 148 (3):489-510.
    This paper examines the association between board characteristics and the ethical reputation of financial institutions. Given the pivotal governance role of the board of directors and the value-relevance of ethical corporate behavior, we postulate a positive relationship between ethical reputation and board features that foster more effective monitoring and oversight. Using a sample of large financial institutions from 13 different countries, we run several alternative panel regressions of ethical reputation on board characteristics and firm-specific controls. Our results demonstrate that the (...)
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  10. added 2020-02-11
    Sustainable and Ethical Entrepreneurship, Corporate Finance and Governance, and Institutional Reform in China.Douglas Cumming, Wenxuan Hou & Edward Lee - 2016 - Journal of Business Ethics 134 (4):505-508.
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  11. added 2020-02-03
    Linking Societal Trust and CEO Compensation.Kiridaran Kanagaretnam, Abdul-Rahman Khokhar & Amin Mawani - 2018 - Journal of Business Ethics 151 (2):295-317.
    We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 897 firm-years from 18 countries over the 2007–2013 period. We find both the levels of CEO compensation as well as the proportion of equity-based compensation to be lower in countries with higher levels of societal trust. This suggests that costly regulations on CEO compensation may not be as necessary in jurisdictions with higher levels of societal trust. We also examine the (...)
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  12. added 2020-02-03
    Ethical Reporting in Islami Bank Bangladesh Limited.Ataur Rahman Belal, Omneya Abdelsalam & Sardar Sadek Nizamee - 2015 - Journal of Business Ethics 129 (4):769-784.
    The main aim of this study is to undertake a critical examination of the ethical and developmental performance of an Islamic bank as communicated in its annual reports over a period of 28 years. Islami Bank Bangladesh Limited’s ethical performance and disclosures are further analyzed through interviews conducted with the bank’s senior management. The key findings include an overall increase in ethical disclosures during the study period. However, the focus on various stakeholders’ needs has varied over time reflecting the evolving (...)
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  13. added 2020-02-03
    Corporate Responses to Shareholder Activists: Considering the Dialogue Alternative.Kathleen Rehbein, Jeanne M. Logsdon & Harry J. Van Buren - 2013 - Journal of Business Ethics 112 (1):137-154.
    This empirical study examines corporate responses to activist shareholder groups filing social-policy shareholder resolutions. Using resource dependency theory as our conceptual framing, we identify some of the drivers of corporate responses to shareholder activists. This study departs from previous studies by including a fourth possible corporate response, engaging in dialogue. Dialogue, an alternative to shareholder resolutions filed by activists, is a process in which corporations and activist shareholder groups mutually agree to engage in ongoing negotiations to deal with social issues. (...)
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  14. added 2020-01-07
    International Handbook on Responsible Innovation. A Global Resource.Rene Von Schomberg & Jonathan Hankins (eds.) - 2019 - Cheltenham, Royaume-Uni: Edward Elgar Publishing.
    The Handbook constitutes a global resource for the fast growing interdisciplinary research and policy communities addressing the challenge of driving innovation towards socially desirable outcomes. This book brings together well-known authors from the US, Europe, Asia and South-Africa who develop conceptual and regional perspectives on responsible innovation as well as exploring the prospects for further implementation of responsible innovation in emerging technological practices ranging from agriculture and medicine, to nanotechnology and robotics. The emphasis is on the socio-economic and normative dimensions (...)
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  15. added 2020-01-07
    Introduction to the International Handbook on Responsible Innovation.Rene Von Schomberg - 2019 - In Rene Von Schomberg & Jonathan Hankins (eds.), International Handbook on Responsible Innovation. A global resource. Cheltenham: Edward Elgar Publishing. pp. 1-11.
    he Handbook constitutes a global resource for the fast growing interdisciplinary research and policy communities addressing the challenge of driving innovation towards socially desirable outcomes. This book brings together well-known authors from the US, Europe, Asia and South-Africa who develop conceptual, ethical and regional perspectives on responsible innovation as well as exploring the prospects for further implementation of responsible innovation in emerging technological practices ranging from agriculture and medicine, to nanotechnology and robotics. The emphasis is on the socio-economic and normative (...)
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  16. added 2019-11-25
    Successor Identity.Mihailis Diamantis - 2019 - Yale Journal on Regulation 36:1-44.
    The law of successor criminal liability is simple—corporate successors are liable for the crimes of their predecessors. Always. Any corporation that results from any merger, consolidation, spin-off, etc., is on the hook for all the crimes of all the corporations that went into the process. Such a coarse-grained, onetrack approach fails to recognize that not all reorganizations are cut from the same cloth. As a result, it skews corporate incentives against reorganizing in more socially beneficial ways. It also risks punishing (...)
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  17. added 2019-10-03
    Rules of the Game: Whose Value is Served When the Board Fires the Owners?Donald Nordberg - 2012 - Business Ethics: A European Review 21 (3):298-309.
    How does a board of directors decide what is right? The contest over this question is frequently framed as a debate between shareholder value and stakeholder rights, between a utilitarian view of the ethics of corporate governance and a deontological one. This paper uses a case study with special circumstances that allow us to examine in an unusually clear way the conflict between shareholder value and other bases on which a board can act. In the autumn of 2010, the board (...)
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  18. added 2019-06-05
    African Moral Theory and Public Governance: Nepotism, Preferential Hiring and Other Partiality.Thaddeus Metz - 2009 - In Munyaradzi Felix Murove (ed.), African Ethics: An Anthology for Comparative and Applied Ethics. University of KwaZulu-Natal Press. pp. 335-356.
    Suppose a person lives in a sub-Saharan country that has won its independence from colonial powers in the last 50 years or so. Suppose also that that person has become a high-ranking government official who makes decisions on how to allocate goods, such as civil service jobs and contracts with private firms. Should such a person refrain from considering any particulars about potential recipients or might it be appropriate to consider, for example, family membership, party affiliation, race or revolutionary stature (...)
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  19. added 2019-03-27
    A Qualitative Comparison of the Boardroom Experiences of US and Norwegian Women Corporate Directors.Diana Bilimoria - 1997 - International Review of Women and Leadership 3 (2):63-76.
    In this article we compare the experiences of women members of the board of directors of U.S. and Norwegian corporations. Based on the personal stories of two women directors from each country, we discuss similarities and differences in the role and characteristics of women corporate directors and the processes and behaviours they are involved in as directors within and outside the boardroom. We also investigate the role of gender-related dynamics in these two countries, focusing on board roles and processes, and (...)
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  20. added 2018-10-09
    The Factors Influencing Corporate Social Responsibility Disclosure in the Kingdom of Saudi Arabia.Ayman Issa - 2017 - Australian Journal of Basic and Applied Sciences 11 (10):1-19.
    BACKGROUND: In today’s world of increased awareness regarding the concepts of corporate social responsibility (CSR) and corporate governance (CG), many firms in the developed countries consider noncompliance with CSR and CG standards as an important source of risk to their reputations with stakeholders. OBJECTIVE: The aim of this study is to investigate the relationship between the corporate social responsibility disclosure (CSRD) index and corporate factors, namely, board size, board independence, board meetings, CEO duality, a firm’s size, leverage, profitability and age. (...)
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  21. added 2018-10-09
    Corporate Disclosure on Anti-Corruption Practice: A Study of Social Responsible.Ayman Issa - 2017 - Journal of Financial Crime 10 (11):20-31.
    This paper seeks to determine the extent of anti-corruption information disclosure in the sustainability reports originating from Gulf countries. Focus primarily on the fight against corruption, this study utilizes a deeply-rooted content analysis technique of corporate sustainability reporting, covering 66 Gulf Cooperation Council (GCC) firms during 2014. Strengthened by the application of institutional theory, insight into the results points to a state of limited maturity regarding the disclosure of anti-corruption procedures in the region. More specifically, the results highlight the compliance (...)
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  22. added 2018-06-14
    Practices, Governance, and Politics: Applying MacIntyre’s Ethics to Business.Matthew Sinnicks - 2014 - Business Ethics Quarterly 24 (2):229-249.
    This paper argues that attempts to apply Alasdair MacIntyre’s positive moral theory to business ethics are problematic, due to the cognitive closure of MacIntyre’s concept of a practice. I begin by outlining the notion of a practice, before turning to Moore’s attempt to provide a MacIntyrean account of corporate governance. I argue that Moore’s attempt is mismatched with MacIntyre’s account of moral education. Because the notion of practices resists general application I go on to argue that a negative application, which (...)
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  23. added 2018-06-11
    The Philosophical and Normative Foundations of Corporate Governance Models.Idan Shimony & Yekutiel Shoham - 2018 - Proceedings of the XXIII World Congress of Philosophy.
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  24. added 2017-09-21
    Good Governance.Thaddeus Metz, Johannes Hirata, Ritu Verma & Eric Zencey - 2017 - In Centre for Bhutan Studies (ed.), Happiness: Transforming the Development Landscape. Centre for Bhutan Studies and GNH. pp. 329-346.
    An analysis of the nature of good governance as it figures into the Royal Government of Bhutan's policy of Gross National Happiness.
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  25. added 2016-12-08
    Enlightened Corporate Governance: Specific Investments by Employees as Legitimation for Residual Claims.Alexander Brink - 2010 - Journal of Business Ethics 93 (4):641-651.
    While much has been written on specificity (e.g., in texts on new institutional economics, agency theory, and team production theory), there are still some insights to be learnt by business ethicists. This article approaches the issue from the perspective of team production, and will propose a new form of corporate governance: enlightened corporate governance, which takes into consideration the specific investments of employees. The article argues that, in addition to shareholders, employees also bear a residual risk which arises due to (...)
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  26. added 2016-12-08
    Accountability in Crisis: The Sponsorship Scandal and the Office of the Comptroller General in Canada.Clinton Free & Vaughan Radcliffe - 2009 - Journal of Business Ethics 84 (2):189-208.
    For much of the last 50 years, a key platform animating public sector reform in Canada and elsewhere has been that efficiency and effectiveness can be achieved by adapting private sector financial management methods and practices. We argue that the recent re-establishment of the Office of the Comptroller General (OCG) of Canada represents a key element of a program of strengthening financial accountability that has emerged within the Canadian Federal Government. Although this program is longstanding and is associated Canada’s implementation (...)
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  27. added 2016-12-08
    An Examination of the Structure of Executive Compensation and Corporate Social Responsibility: A Canadian Investigation.Lois Schafer Mahoney & Linda Thorn - 2006 - Journal of Business Ethics 69 (2):149-162.
    We explore the extent to which Boards use executive compensation to incite firms to act in accordance with social and environmental objectives (e.g., Johnson, R. and D. Greening: 1999, Academy of Management Journal 42(5), 564-578; Kane, E. J.: 2002, Journal of Banking and Finance 26, 1919-1933.). We examine the association between executive compensation and corporate social responsibility (CSR) for 77 Canadian firms using three key components of executives' compensation structure: salary, bonus, and stock options. Similar to prior research (McGuire, J., (...)
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  28. added 2016-12-08
    Does Good Governance Matter to Institutional Investors? Evidence From the Enactment of Corporate Governance Guidelines.Armand Picou & Michael J. Rubach - 2006 - Journal of Business Ethics 65 (1):55-67.
    Corporate governance guidelines are a mechanism that a firm can enact which should reduce agency costs and better align the interests of boards and the suppliers of capital. This study examines stock price reactions primarily attributable to institutional investors occurring when corporations announce the enactment of corporate governance guidelines. A final sample of 77 firms was derived from the first announcement of corporate governance guidelines exclusive to the SEC-EDGAR database. The results indicate that good governance does matter. Firms that announced (...)
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  29. added 2016-12-08
    Corporate Governance Reform and CEO Compensation: Intended and Unintended Consequences.Ella Mae Matsumura & Jae Yong Shin - 2005 - Journal of Business Ethics 62 (2):101-113.
    Recent scandals allegedly linked to CEO compensation have brought executive compensation and perquisites to the forefront of debate about constraining executive compensation and reforming the associated corporate governance structure. We briefly describe the structure of executive compensation, and the agency theory framework that has commonly been used to conceptualize executives acting on behalf of shareholders. We detail some criticisms of executive compensation and associated ethical issues, and then discuss what previous research suggests are likely intended and unintended consequences of some (...)
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  30. added 2016-11-18
    Disentangling the Epistemic Failings of the 2008 Financial Crisis.Lisa Warenski - 2018 - In David Coady & James Chase (eds.), The Routledge Handbook of Applied Epistemology. Routledge. pp. 196-210.
    I argue that epistemic failings are a significant and underappreciated moral hazard in the financial services industry. I argue further that an analysis of these epistemic failings and their means of redress is best developed by identifying policies and procedures that are likely to facilitate good judgment. These policies and procedures are “best epistemic practices.” I explain how best epistemic practices support good reasoning, thereby facilitating accurate judgments about risk and reward. Failures to promote and adhere to best epistemic practices (...)
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  31. added 2016-09-26
    Imprudence and Immorality: A Kantian Approach to the Ethics of Financial Risk.Tobey K. Scharding - 2015 - Business Ethics Quarterly 25 (2):243-265.
    This paper takes up recent challenges to consequentialist forms of ethically evaluating risks and explores how a non-consequentialist form of deliberation, Kantian ethics, can address questions about risk. I examine two cases concerning ethically- questionable financial risks: investing in abstruse financial instruments and investing while relying on a bailout. After challenging consequentialist evaluations of these cases, I use Kant’s distinction between morals and prudence to evaluate when the investments are immoral and when they are merely imprudent. I argue that the (...)
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  32. added 2016-07-04
    Trustee Decisions in Investment and Finance.Paul Weirich - 1988 - Journal of Business Ethics 7 (1-2):73 - 80.
    When a trustee makes a decision for a client, a standard objective is to decide as the client would if he had the trustee's information. How can this objective be attained when, given the trustee's information, there is still uncertainty about the consequences of alternative courses of action? A promising approach is to apply the rule to maximize expected utility using the client's utilities for consequences and the trustee's probabilities for states. But taking utilities and probabilities from different sources causes (...)
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  33. added 2016-05-26
    Commentary Advantages and Disadvantages of Using the Brown and Perry Database.William A. Sodeman - 1995 - Business and Society 34 (2):216-221.
    Responds to the article by Brad Brown and Susan Perry in the August 1995 issue of `Business & Society' periodical on the measure of corporate social responsibility (CSP).
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  34. added 2015-11-24
    Do the Top 1% Deserve Their Pay Packages?: And Why?Joseph Fulda - 2013 - Reason Papers 35 (1):187-192.
  35. added 2015-11-14
    Good Governance: How Can Politics Promote Wellbeing?Thaddeus Metz - 2015 - Drak Journal: A Journal of Thought and Ideas 1 (2):90-99.
    A shortened and mildly revised reprint of a chapter initially composed as part of International Expert Working Group's report on Bhutan's project of Gross National Happiness, but published in full in Happiness: Transforming the Development Landscape (2017).
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  36. added 2015-07-10
    Managerialism as Anti-Social: Some Implications of Ubuntu for Knowledge Production.Thaddeus Metz - 2017 - In Michael Cross & Amasa Ndofirepi (eds.), Knowledge and Change in African Universities, Volume 2. Sense Publishers. pp. 139-154.
    Given the myriad ways in which managerialism in higher education, and especially research undertaken there, is undesirable, is there a moral theory that plausibly explains why they all are and prescribes some realistic alternatives? In this contribution, I answer ‘yes’ to this overarching question. Specifically, I argue that the various respects in which managerialism is unjustified, particularly with regard to knowledge production, are well captured by an ethical philosophy grounded on salient ideas about communal relationship associated with the southern African (...)
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  37. added 2015-01-29
    Financial Performance Of Axis Bank And Kotak Mahindra Bank In The Post Reform Era: Analysis On CAMEL Model.Kishore Meghani, Deepti Tripathi & Swati Mahajan - 2014 - IJBEMR 1 (2):108-141.
    The objective of this study is to Analyze the Financial Position and Performance of the Axis and Kotak Mahindra Bank in India based on their financial characteristics. We have chosen the CAMEL model and t-test which measures the performance of bank from each of the important parameter like capital adequacy, asset quality, management efficiency, earning quality, liquidity and Sensitivity. The present study is conducted analyze the consistency of the profitability of the Axis and Kotak Mahindra bank’s. It is analyses that (...)
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  38. added 2014-06-08
    DOES KUTZ's THEORY OF JOINT ACTION ATTRIBUTE RESPONSIBILITY TO SHAREOWNERS?Magdalena Smith - manuscript
    In this paper I argue that Christopher Kutz misapplies his theory of joint action when he attributes shareowners responsibilities on the basis of their intentional participation in the corporations in which they invest. Instead I propose that his theory of joint action should be used to attribute shareowners responsibilities on the basis of their intentional participation in the stock market. If shareholders’ accountability is grounded in their intentional participation in the stock market, then shareholders cannot take responsibility for corporation’s individual (...)
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  39. added 2014-04-02
    Dialogue - CEO Compensation.Robert Kolb & Jeffrey Moriarty - 2011 - Business Ethics Quarterly 21 (4):679-691.
    Must CEOs Be Saints? Contra Moriarty on CEO Abstemiousness by Robert KolbIn this journal, Jeffrey Moriarty argued that CEOs must refuse to accept compensation above the minimum compensation that will induce them to accept and per­form their jobs. Acting otherwise, he maintains, violates the CEO’s fiduciary duty, even for a CEO new to the firm. I argue that Moriarty’s conclusion rests on a failure to adequately distinguish when a person acts as a fiduciary from when she acts on her own (...)
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  40. added 2014-04-01
    Ethics and Corporate Governance: The Issues Raised by the Cadbury Report in the United Kingdom. [REVIEW]Colin Boyd - 1996 - Journal of Business Ethics 15 (2):167 - 182.
    In the late 1980s there was a series of sensational business scandals in the United Kingdom. There was particular public outrage at the plundering of pension funds by Robert Maxwell, at the failure of auditors to expose the impending bankruptcy of the Bank of Credit and Commerce International, and at the apparently undeserved high pay raises received by senior business executives. The City of London responded by creating a special committee to examine the financial aspects of corporate governance. This paper (...)
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  41. added 2014-03-25
    Ethics Programs, Board Involvement, and Potential Conflicts of Interest in Corporate Governance.Andrew J. Felo - 2001 - Journal of Business Ethics 32 (3):205 - 218.
    Board composition, insider participation on compensation committees, and director compensation practices can potentially cause conflicts of interest between directors and shareholders. If these corporate governance structures result in situations where actions beneficial to directors do not also benefit shareholders, then shareholders may suffer.Corporate ethics programs usually address conflicts of interest that may arise in the firm''s activities. Some boards of directors take active roles in their firms'' ethics programs by actively overseeing the programs. This paper empirically examines the relationship between (...)
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  42. added 2014-03-18
    Does 'Best Practice' in Setting Executive Pay in the UK Encourage 'Good' Behaviour?Ruth Bender & Lance Moir - 2006 - Journal of Business Ethics 67 (1):75 - 91.
    We examine how UK listed companies set executive pay, reviewing the implications of following best practice in corporate governance and examining how this can conflict with what shareholders and other stakeholders might perceive as good behaviour. We do this by considering current governance regulation in the light of interviews with protagonists in the debate, setting out the dilemmas faced by remuneration-setters, and showing how the processes they follow can lead to ethical conflicts.Current ‘best’ practice governing executive pay includes the use (...)
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  43. added 2014-03-12
    Pension Funds Governance: An Overview of the Role of Trustees.Nada Kakabadse & Andrew Kakabadse - 2004 - International Journal of Business Governance and Ethics 1 (1):3-26.
    The Myners Review of the pension fund industry has started a debate on pension fund governance and the fund industry itself. This paper provides a review of pension fund trusteeship in the UK, its role, operating models and impact. It argues that deficiencies in the systems uncovered by the Myners Review stem from a tension between conflicting philosophies - that of trusteeship built on stakeholder principles but operating in shareholder markets.
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  44. added 2014-03-05
    Corporate Governance Mechanisms and the Performance of Small-Cap Firms in Canada.Lorne N. Switzer & Catherine Kelly - 2006 - International Journal of Business Governance and Ethics 2 (s 3-4):294-328.
    Identifying corporate governance mechanisms to improve firm performance has been at the forefront of policy discussion and research in recent years. Existing research in this area focuses on large-capitalisation firms, and has not provided much insight on smaller firms. This paper tests for the optimality of deployment of governance mechanisms for Canadian small-cap firms by estimating a simultaneous equation system that links four control mechanisms to firm performance, using recent data. The results confirm simultaneity between several governance mechanisms and Canadian (...)
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  45. added 2013-08-07
    (Re-)Interpreting Fiduciary Duty to Justify Socially Responsible Investment for Pension Funds?Joakim Sandberg - 2013 - Corporate Governance 21 (5):436-446.
    A critical issue for the future growth of socially responsible investment (SRI) is to what extent institutional investors such as pension funds can be persuaded to engage in it. This paper considers attempts at justifying such engagement stemming from a range of (re-)interpretations of the fiduciary duties owed by pension funds to their beneficiaries, and thereby develops a hypothesis concerning the most effective political or legal remedy. Previous commentary suggests that fiduciary duty either already mandates SRI for pension funds, or (...)
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  46. added 2012-02-24
    The Causal Effect of Corporate Governance on Corporate Social Responsibility.Hoje Jo & Maretno A. Harjoto - 2012 - Journal of Business Ethics 106 (1):53-72.
    In this article, we examine the empirical association between corporate governance (CG) and corporate social responsibility (CSR) engagement by investigating their causal effects. Employing a large and extensive US sample, we first find that while the lag of CSR does not affect CG variables, the lag of CG variables positively affects firms’ CSR engagement, after controlling for various firm characteristics. In addition, to examine the relative importance of stakeholder theory and agency theory regarding the associations among CSR, CG, and corporate (...)
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  47. added 2012-02-24
    Board Composition and Financial Performance: Uncovering the Effects of Diversity in an Emerging Economy. [REVIEW]Jyoti D. Mahadeo, Teerooven Soobaroyen & Vanisha Oogarah Hanuman - 2012 - Journal of Business Ethics 105 (3):375-388.
    We examine the key elements of board diversity (or heterogeneity) amongst listed companies operating in an emerging economy (Mauritius) and the extent to which these influence financial performance. Specifically, we ask whether there is evidence of tangible benefits in pursuing a strategy of board diversity in terms of gender-, age-, educational background and independence in a corporate context which has long been dominated by family-led and ‘closed’ boardrooms. In light of recent corporate governance developments which appear to foster greater diversity, (...)
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  48. added 2012-02-24
    Corporate Governance, Ethics, and the Backdating of Stock Options.Avshalom M. Adam & Mark S. Schwartz - 2009 - Journal of Business Ethics 85 (S1):225 - 237.
    Backdating of stock options is an example of an agency problem. It has emerged despite all the measures (i.e., new regulations and additional corporate governance mechanisms) aimed at addressing such problems? Beyond such negative controlling measures, a more positive empowering approach based on ethics may also be necessary. What ethical measures need to be taken to address the agency problem? What values and norms should guide the board of directors in protecting the shareholders' interests? To examine these issues, we first (...)
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  49. added 2012-02-24
    Company Growth and Board Attitudes to Corporate Social Responsibility.Coral B. Ingley - 2008 - International Journal of Business Governance and Ethics 4 (1):17.
    Companies are beginning to recognise the concept of Corporate Social Responsibility as presenting a new business model and an opportunity for building innovative forms of competitive advantage. Boards are instrumental in shaping and overseeing such strategies and active engagement around what it means to be a responsible and responsive enterprise can strengthen the Board's potential as a strategic influence on long-term value creation. Yet many companies align with Friedman's contention that adopting and practising CSR is a distraction from their core (...)
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  50. added 2012-02-24
    The US Securities and Exchange Commission and Shareholder Director Nominations: Paving the Way for Special Interest Directors?Thomas A. Hemphill - 2007 - International Journal of Business Governance and Ethics 3 (1):19-32.
    The US Securities and Exchange Commission recently proposed rules relating to shareholder (independent) director nominations to publicly-traded companies. While shareholder groups, such as institutional investors, consumer groups, and shareholder activists, generally support the proxy reform, the business community, including The Business Roundtable and the US Chamber of Commerce, are critical of the proposal, arguing that it will 'open the door' to special interest directors, e.g., labour unions or other groups having a social or political agenda contrary to the economic interests (...)
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