5 found
Order:
  1.  34
    Asymmetric Information and Corporate Social Responsibility.Thomas Kaspereit, Frerich Buchholz & Kerstin Lopatta - 2016 - Business and Society 55 (3):458-488.
    This article addresses the question whether companies benefit from their commitment to corporate social responsibility. The authors argue that firms which score high on CSR activities build investor confidence and find evidence that they benefit from lower information asymmetry. The authors measure information asymmetry by insider trading, which is defined as the trading of a company’s shares by corporate insiders who have an information advantage with the aim to reap gains or avoid losses. Using a sample of U.S. firms listed (...)
    Direct download  
     
    Export citation  
     
    Bookmark   2 citations  
  2.  27
    The Value Relevance of SAM's Corporate Sustainability Ranking and GRI Sustainability Reporting in the European Stock Markets.Thomas Kaspereit & Kerstin Lopatta - 2016 - Business Ethics: A European Review 25 (1):1-24.
    This paper investigates whether relative corporate sustainability as measured by the SAM sustainability ranking and sustainability reporting in terms of Global Reporting Initiative application levels are associated with a higher market valuation. We conduct a value relevance study for the 600 largest European companies with the Feltham and Ohlson valuation model as a reference point. Our results indicate that for the observation period 2001 to 2011, the association between corporate sustainability and market value is positive. The empirical evidence of a (...)
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   2 citations  
  3.  7
    The Deliberate Engagement of Narcissistic CEOs in Earnings Management.Frerich Buchholz, Kerstin Lopatta & Karen Maas - forthcoming - Journal of Business Ethics:1-24.
    Corroborating upper echelons theory, this study picks up the notion that narcissistic chief executive officers take advantage of accounting choices to enhance their firms’—and inherently their own—personal track records. Using a set of 15 indicators, reflecting the narcissistic trait of 1126 CEOs for the period 1992 to 2012, we find evidence of highly narcissistic CEOs engaging in accrual-based earnings management. In contrast to prior research, the results show evidence not only for income-increasing but also for income-decreasing ABEM. This indicates that (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark  
  4.  42
    The World Capital Markets’ Perception of Sustainability and the Impact of the Financial Crisis.Kerstin Lopatta & Thomas Kaspereit - 2014 - Journal of Business Ethics 122 (3):475-500.
  5.  15
    Die,50+1‘-Regelung Im Deutschen Profifußball -Ein Reform Vorschlag Auf Basis Eines Vergleichs der Europäischen Top 5 Fußballligen/ ‘50+1-Rule in German Football - a Reform Proposal Based a Comparison of the European Big 5 Football Leagues. [REVIEW]Benjamin Storz, Frerich Buchholz & Kerstin Lopatta - 2014 - Sport Und Gesellschaft 11 (1):3-33.
    Zusammenfassung Aus juristischer Perspektive wird die in der Satzung des Deutschen Fußball-Bundes e. V. verankerte ‚50+1‘-Regelung kritisiert, weil sie zu Unterschieden in der Kapitalbeschaffung und zu begrenzter Wettbewerbsfähigkeit gegenüber dem europäischen Ausland führt. Laut europäischem Recht sind jedoch wettbewerbsbeschränkende Maßnahmen verboten und eine Kapital- und Niederlassungsfreiheit vorgeschrieben. In dieser Studie wird ein umfassender Lösungsansatz für eine neuartige Regelung aufgezeigt, die auf die Rechtskonformität abzielt und gleichermaßen ökonomische und gesellschaftliche Aspekte kombiniert, sodass die Integrität des Fußballsports gewahrt und die Verbindung zwischen (...)
    No categories
    Direct download  
     
    Export citation  
     
    Bookmark