Corporate group

About: Corporate group is a research topic. Over the lifetime, 1747 publications have been published within this topic receiving 46868 citations.

Financial constraints and negative spillovers in business groups: Evidence from Korea

Abstract: We examine the negative spillover from one group-affiliated firm to other group-affiliated firms in the same business group, using credit rating downgrade announcement data in Korea. We hypothesize that the existence of controlling shareholders and internal capital markets is a major cause of the negative spillover. We find that the financial constraints of a group-affiliated firm negatively affect the value of other group affiliates. Furthermore, we show that both the parent–subsidiary relationship and the credit rating difference between a downgrade firm and its group-affiliated firms affect the extent of negative spillover. In addition, our robustness test results support the argument that the internal capital market within a business group is a key factor in understanding negative spillovers.

Inventory Management in SMEs Operating in Polish Group Purchasing Organizations during the COVID-19 Pandemic

Abstract: The COVID-19 virus has hit the economy around the world In Poland, SMEs have the greatest problems with doing business Border blockades and the quarantine for enterprises in virtually all industries throughout Poland greatly complicated the supply systems and the inventory management process Up to now, SMEs have acted in group purchasing organizations to improve their competitive position This form of activity also positively affects their financial security Therefore, in this paper, the inventory management among this group of companies during the COVID-19 pandemic was analyzed The purpose of the paper was to show how inventory management strategies changed during the COVID-19 pandemic in SMEs operating in industry GPOs The analysis was carried out on a group of 88 Polish commercial enterprises operating in purchasing groups The research period covered the years 2017–2019 and March–June 2020 The research showed a change in inventory management strategy in SMEs during the pandemic time of COVID-19 For the first four months, managers of enterprises tried to pursue a conservative policy and to accumulate stocks in the event of a shortage of supplies This article also presents the form of security that was applied for SMEs operating in group purchasing organizations (GPOs) to avoid forced downtime caused by the COVID-19 pandemic

Corporations and the Uses of Law: International Investment Arbitration as a “Multilateral Legal Order

Abstract: This paper seeks to examine the claim, made by certain legal scholars, that international investment law, though based mainly on Bilateral Investment Treaties (BITs) is in fact a multilateral order that introduces principles of an emergent 1Cglobal administrative law 1D into the regulation of state conduct in relation to foreign investors and their investments. Such scholars argue that this order develops through the decisions of investor-State arbitral tribunals which are creating a harmonised understanding of the meaning of BIT provisions and an institutional system of adjudication that furthers the development of global administrative principles. Through a critical examination of this approach the paper argues that this field is not a multilateral order but an unstructured process of privatised legal entrepreneurship which seeks to further a professional interest in developing an extensive, investor friendly, regime of BITs. Furthermore, that process fails as a means of providing effective or legitimate legal review of administrative action. The argument is made both on a theoretical level and by a review of a specific issue in international investment law, namely, the development of wider types of claims and the rise of so-called 1Ctreaty shopping 1D by means of corporate group structuring. In particular the multi-jurisdictional location of various affiliates in a multinational enterprise creates a network of potential claimants in investor state disputes, giving rise to the risk of multiple claims, while the possibility of setting up affiliates in various jurisdictions creates opportunities for 1Ctreaty shopping 1D. 1CTreaty shopping 1D involves the enterprise locating an affiliate in a jurisdiction that has signed an investment protection treaty with the host country, allowing various affiliates and/or the parent in a group enterprise to benefit from treaty protection even though they possess the nationality of a state that has no such agreement with the host. In addition 1Ctreaty shopping 1D can be practiced by claimants possessing the nationality of the host country itself by way of the incorporation of a 1Cshell company 1D in a country that has an investment protection agreement with the host country. It is argued that interpretations of treaty provisions in this area lack real legitimacy and create unacceptable procedural burdens on the host country. http

Research Handbook on Corporate Legal Responsibility

Abstract: Contents:Foreword by Michael S. BaramPreface by Stephen TullyPart I: Theories and Concepts of Corporate Responsibility1. The Theoretical Background: The Nature of the Actors in Corporate Social ResponsibilityNicholas H.D. Foster2. Comparative Corporate Governance Developments and Key Ongoing Challenges from Anglo-American PerspectivesBryan Horrigan3. The Fiduciary Duties of Directors: A Proposal for Improving Corporate Governance in Latin AmericaCandido Paz-Ares4. Directors' Duties within the United KingdomRebecca Parry5. Regulating the Approach of Companies towards Employees: The New Statutory Duties and Reporting Obligations of Directors within the United KingdomSimon Goulding and Lilian Miles6. Protecting Supplier Interests through English Company LawChristopher RuanePart II: Substantive Grounds for Corporate Legal Responsibility7. 'Never Say Never Jurisprudence': Comparative Approaches to Corporate Responsibility under the Law of TortsStephen Tully8. Corporate Criminal ResponsibilityCelia Wells9. Corporate Criminal Liability in the United StatesJoseph F.C. DiMento and Gilbert Geis10. Moral Indifference and Corporate Manslaughter: Compromising Safety in the Name of Profit?Simon Pemberton11. Reforming the Doctrine of Attribution: A Canadian Solution to British Concerns?Darcy L. MacPherson12. Sustainable Waste Management: The Challenge for Businesses in WalesLorraine B. FraterPart III: Alternative Accountability Mechanisms13. In the Dark All Cats are Grey: Corporate Responsibility and Legal ResponsibilityJohn Sabapathy14. Whistleblowers: The Critical Link in Corporate AccountabilityDana L. Gold15. The Dutch Corporate Governance Code: Self-Regulation or Interactive Legislation?Jellienke Stamhuis16. The Influence of NGOs on the Normative Framework for Business and Human RightsRory Sullivan17. The Interaction between Corporate Codes of Conduct and International Law: A Study of Women and Children in the Textile IndustryOlga Martin-Ortega and Rebecca M.M. WallacePart IV: Regional and International Initiatives Towards Corporate Legal Responsibility18. A Multilateral Contribution to Corporate Standards of Behaviour: The ILO's Declaration on Multinational EnterprisesKee Beom Kim19. Corporate Environmental Liability within the European UnionCatherine Wijnants20. Corporate Responsibility: The UNEP ExperienceMonique Barbut and Cornis van der Lugt21. Corporate Accountability: An NGO PerspectiveCraig Bennett and Helen Burley22. International Aspects of Corporate Liability and CorruptionGemma Aiolfi and Mark PiethIndex

A tool to measure organizational sustainability strength

Abstract: Europe, US and other countries have awakened us for the challenges of sustainability of the economies, countries and economic organizations as well. In this context, many companies all over the world revealed disability to deal with this present environment by failing to disclose proper strategic decisions in a significant number of cases, unbalanced management practices and the general failure to make a good use of their resources efficiently and effectively in the situation of volatile markets, in order to guarantee its consolidation and stable functioning of businesses and society. These facts had also revealed that financial and economic attitude implemented by some companies, which are focused on short-term earnings, was surpassing a humanist and social vision of businesses and society and revealing a lack of ethic and corporate responsibility in transactions development and in the relations with stakeholders, incompliance with legal obligations, sometimes the manipulation of financial and other corporate data in order to boost a Beyond several factors that could be considered relevant in the framework of sustainability and according to (dimensions) that seem to be of major importance and under which businesses management needs to develop abilities to ensure the sustainability of their organizations. After a primary application of the model to two major Portuguese organizations to test it, the authors are trying to improve it by disclosing a set of organizational competences and dimensions to be analyzed at different levels of organizations in terms of their objectivity and scope of information, regarding each one of the five pillars of the model (Direction, Posture, Organization, Behavior and Evaluation). In this sense, with the adoption of focus group research technic the authors united some academic researchers and managers to analyze and develop each pillar of the proposed model. The authors are developing a study with the support of the Portuguese Construction Technological Platform regarding the main contractors of the sector in Portugal, aiming to reveal the sustainable strength indexes of each one and to disclose the pattern of sustainability robustness of this group of companies. This paper includes a literature review on several aspects of the organizational sustainability and a review about the model, coupled with the proposal of a mathematical application in order to measure an