Environmental Jolts, Board Governance Practices and Firm Value: Evidence from the 2008 Financial Crisis

2013 ◽  
Author(s):  
Eloisa Perez de Toledo ◽  
Maria Pilar Giráldez-Puig ◽  
Jose-Manuel Hurtado-Gonzalez
2018 ◽  
Vol 21 (3-4) ◽  
pp. 25
Author(s):  
Henrique Correa da Cunha ◽  
Iara Regina Dos Santos Parisotto ◽  
Andreia Carpes Dani ◽  
Vilmar Siewert

Although the effects of the financial crisis of 2008 affected companies in several industries, not all organizations were affected in the same manner. When evaluating the implications of the 2008 financial crisis for the performance of multinational subsidiaries operating in Brazil during this period it is clear that some companies were better able to overcome the challenges imposed by the crisis. One explanation for that could be related to strategies adopted by these organizations that increase local embeddedness which in turn creates a reciprocal commitment between the company and the network in a sense that it provides a mutual support during challenging moments. In that sense, in order to relate to different stakeholders needs in foreign markets, the subsidiaries of multinational companies adopt CSR and governance practices. In order to verify the implications of CSR practices to the performance of multinational subsidiaries in Brazil during the financial crisis of 2008, the present study utilizes a panel data with 110 subsidiaries of multinational companies active in Brazil during 2008, 2009 and 2010. We perform a Pairwise Granger Causality test to confirm the causal relationship between CSR practices and performance. The results indicate that regardless of the size, there is a positive relationship between CSR and the performance of these organizations during the financial crisis of 2008.


2015 ◽  
Vol 13 (1) ◽  
pp. 75-95 ◽  
Author(s):  
Eloisa Perez-de Toledo ◽  
Maria Pilar Giraldez-Puig ◽  
Jose Manuel Hurtado-Gonzalez

Author(s):  
Michael Harris

What do pure mathematicians do, and why do they do it? Looking beyond the conventional answers, this book offers an eclectic panorama of the lives and values and hopes and fears of mathematicians in the twenty-first century, assembling material from a startlingly diverse assortment of scholarly, journalistic, and pop culture sources. Drawing on the author's personal experiences as well as the thoughts and opinions of mathematicians from Archimedes and Omar Khayyám to such contemporary giants as Alexander Grothendieck and Robert Langlands, the book reveals the charisma and romance of mathematics as well as its darker side. In this portrait of mathematics as a community united around a set of common intellectual, ethical, and existential challenges, the book touches on a wide variety of questions, such as: Are mathematicians to blame for the 2008 financial crisis? How can we talk about the ideas we were born too soon to understand? And how should you react if you are asked to explain number theory at a dinner party? The book takes readers on an unapologetic guided tour of the mathematical life, from the philosophy and sociology of mathematics to its reflections in film and popular music, with detours through the mathematical and mystical traditions of Russia, India, medieval Islam, the Bronx, and beyond.


2012 ◽  
Author(s):  
Ivelina Pavlova ◽  
Ann Marie Hibbert ◽  
Joel R. Barber ◽  
Krishnan Dandapani

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