Topic
Corporate governance
About: Corporate governance is a research topic. Over the lifetime, 118591 publications have been published within this topic receiving 2793582 citations.
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TL;DR: In this paper, the authors drew upon complementary work in transaction cost economics, organization theory, and international corporate strategy studies to examine governance forms for multinational alliances, and found that they can be classified into three categories: transaction cost, transaction cost and transaction cost.
Abstract: This study drew upon complementary work in transaction cost economics, organization theory, and international corporate strategy studies to examine governance forms for multinational alliances. An ...
669 citations
TL;DR: The authors assesses three key approaches and offers a perspective gauging little prospect of theoretical synthesis of corporate social responsibility, concluding that any theoretical synthesis must discover some subset of ethical principles yielding corporate competitive advantage.
Abstract: Corporate social responsibility remains an embryonic and contestable concept. This paper assesses three key approaches and offers a perspective gauging little prospect of theoretical synthesis. Ethical responsibility theory advocates strong corporate self-restraint and altruism duties and expansive public policy strengthening stakeholder rights. Economic responsibility theory advocates market wealth creation subject only to minimalist public policy and perhaps customary business ethics. These two viewpoints embed competing moral frameworks and political philosophies. Any theoretical synthesis must discover some subset of ethical principles yielding corporate competitive advantage. Corporate citizenship language invokes a political metaphor providing neither true intermediate positioning nor theoretical synthesis. Two conflicting interpretations abandon responsibility language without adopting the economic viewpoint. An instrumental citizenship interpretation expands philanthropy as a strategic lever for increasing corporate reputation and market opportunities while retaining managerial discretion. An ideal citizenship interpretation restates ethical responsibility into voluntarism language intended to influence managerial discretion concerning universal human rights.
669 citations
TL;DR: In this paper, the authors study how stock markets react to positive and negative events concerned with a firm's corporate social responsibility (CSR), and they show that investors respond strongly negatively to negative events and weakly negatively to positive events.
668 citations
TL;DR: In this paper, the authors discuss whether or not "governance" is an important source of variation in development experiences and draw four main conclusions: governance is best thought of a subset of "institutions" and as such emphasis on governance is consistent with much recent academic work Nevertheless, governance is a quite vague rubric which is difficult to unbundle.
Abstract: In this chapter, we discuss whether or not “governance” is an important source of variation in development experiences We draw four main conclusions First, governance is best thought of a subset of “institutions” and as such emphasis on governance is consistent with much recent academic work Nevertheless, governance is a quite vague rubric which is difficult to unbundle Second, the governance of a society is the outcome of a political process and as such is closely related to the literature on the political economy of development Third, improving governance necessitates understanding the nature of the entire political equilibrium Finally, an important research frontier is understanding the forces that create or impeded endogenous changes in governance
667 citations
TL;DR: Come with us to read a new book that is coming recently, this is a new coming book that many people really want to read will you be one of them?
Abstract: Come with us to read a new book that is coming recently. Yeah, this is a new coming book that many people really want to read will you be one of them? Of course, you should be. It will not make you feel so hard to enjoy your life. Even some people think that reading is a hard to do, you must be sure that you can do it. Hard will be felt when you have no ideas about what kind of book to read. Or sometimes, your reading material is not interesting enough.
667 citations