scholarly journals Environmental Firms’ Better Attitude towards Nature in the Context of Corporate Compliance

2018 ◽  
Vol 10 (9) ◽  
pp. 3321 ◽  
Author(s):  
Rafael Ramírez ◽  
Pedro Palos-Sánchez
Keyword(s):  
Corporate Governance ◽  
Natural Resources ◽  
Environmental Law ◽  
Interaction Model ◽  
Regulatory Compliance ◽  
Criminal Code ◽  
Corporate Compliance ◽  
Corporate Governance Code ◽  
Path Modelling ◽  
Code Reform

The recent publishing of the Criminal Code Reform, known as the Corporate Governance Code and by which companies are prosecuted for the crimes they have committed, is contributing towards improving the management of companies involved in using natural resources. This study explores the disposition of environmental companies towards respect for nature in the context of the new Spanish Criminal Code 1/2015. Over 916 companies, including 104 environmental companies, have been asked about their knowledge of the code and the consequences it has for them through a survey. The paper explores the influence of regulatory compliance, coercive enforcement and cooperative actions on environmental companies to develop better attitudes towards nature. Partial Least Squares (PLS) Path Modelling was used to build an interaction model among variables. The results of the research reveal how environmental companies are more inclined to developing organizational standards (Cooperative Environmental Protocols) and to improving compliance with environmental law (coercive regulation). The model has a moderate predictive effect, explaining 54.1% of environmental companies’ Better Attitude towards Nature. The findings may have important implications for environmental authorities when deterring environmental crimes.

scholarly journals Green Start-Ups’ Attitudes towards Nature When Complying with the Corporate Law

Complexity ◽  
2019 ◽  
Vol 2019 ◽  
pp. 1-17 ◽  
Author(s):  
Rafael Robina-Ramírez ◽  
Antonio Fernández-Portillo ◽  
Juan Carlos Díaz-Casero
Keyword(s):  
Predictive Power ◽  
Practical Implication ◽  
Interaction Model ◽  
Criminal Code ◽  
Corporate Law ◽  
Corporate Compliance ◽  
Environmental Decisions ◽  
New Findings ◽  
Path Modelling ◽  
Start Ups

This paper examines how Spanish green start-ups develop improved attitudes towards nature. Despite the prevalence of theories based on green entrepreneurs, very little research has been conducted on how green attributes influence nature in the framework of the new Spanish Criminal Code in what concerns corporate compliance. One hundred and fifty-two start-ups were interviewed in 2018. Smart PLS Path Modelling has been used to build an interaction model among variables. The results obtained have a significant theoretical and practical implication since they add new findings to the current literature on how start-ups incorporate the recent Criminal Code in their environmental decisions. The model reveals a strong predictive power (R-squared = 77.9%). There are grounds to say that start-ups should implement effective monitoring systems and new organisational standards, in addition to developing surveillance measures to avoid unexpected sanctions.

scholarly journals How Can a Corporate (Compliance) Culture Be Described and Effectively Measured?

2018 ◽  
Vol 4 (3) ◽  
pp. 52
Author(s):  
Lucie Andreisová
Keyword(s):  
Corporate Governance ◽  
Corporate Culture ◽  
Best Practice ◽  
Business Practice ◽  
Measurement Tool ◽  
Discussion Paper ◽  
Corporate Compliance ◽  
Corporate Governance Code ◽  
Sufficient Resource

In July 2016, the FRC published a report on corporate culture and the role of boards (see below). This report serves as an important complement to respective provisionsof UK Corporate Governance Code – a code which is perceived as a best practice manual for building and maintaining a good level of corporate governance and is therefore adapted by many European lawmakers and regulators. This regulation puts an enhanced emphasis on ‘corporate (compliance) culture’ as it, among others, states that: ‘Boards should devote sufficient resource to evaluating culture and consider how they report on it.’ What shall, however, be understood by this term? How can such a term be defined, measured and reported on? The aim of the presented discussion paper is to help answering those theoretical questions, as well as to propose a reliable ‘culture measurement tool’ which could be effectively used in nowadays business practice.

scholarly journals Measuring corporate governance in Germany: An integrated framework on compliance and transparency & disclosure

2008 ◽  
Vol 6 (2) ◽  
pp. 456-466 ◽  
Author(s):  
Andrea Graf ◽  
Markus Stiglbauer
Keyword(s):  
Social Sciences ◽  
Corporate Governance ◽  
Quality Criteria ◽  
Corporate Disclosure ◽  
Corporate Compliance ◽  
Corporate Governance Code ◽  
Good Corporate Governance ◽  
Increasing Demand ◽  
Governance Transparency ◽  
Country Specific

Compliance as well as transparency and voluntary corporate disclosure are essential within the concept of ´good` corporate governance. Consequently, there is an increasing demand for methods enabling investors to compare companies by means of country-specific criteria. However, measures in Germany do not provide a broad spectrum of criteria for evaluating corporate compliance and governance transparency & disclosure. Our framework covers all rules of the German Corporate Governance Code as well as additional criteria, enabling investors to analyse how companies are managed. Furthermore, we raise quality criteria of social sciences to confirm our findings.

Protecting Natural Resources

2018 ◽  
Author(s):  
Jérémie Gilbert
Keyword(s):  
Climate Change ◽  
Human Rights ◽  
Natural Resources ◽  
Environmental Law ◽  
Legal Framework ◽  
Human Rights Law ◽  
International Environmental Law ◽  
Conservation Of Natural Resources ◽  
The Relationship ◽  
Do So

This chapter focuses on the connection between the international legal framework governing the conservation of natural resources and human rights law. The objective is to examine the potential synergies between international environmental law and human rights when it comes to the protection of natural resources. To do so, it concentrates on three main areas of potential convergence. It first focuses on the pollution of natural resources and analyses how human rights law offers a potential platform to seek remedies for the victims of pollution. It next concentrates on the conservation of natural resources, particularly on the interconnection between protected areas, biodiversity, and human rights law. Finally, it examines the relationship between climate change and human rights law, focusing on the role that human rights law can play in the development of the current climate change adaptation and mitigation frameworks.

Corporate Governance Code Focusing on Asian Jurisdictions - China [Mainland], Hong Kong, South Korea, Singapore, Japan - and Germany

2021 ◽  
Author(s):  
Hiroyuki Watanabe ◽  
Lucca Katharina Schlager ◽  
Yimeng Huang ◽  
Yu Tang ◽  
Taehyun Yoon ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Hong Kong ◽  
South Korea ◽  
Corporate Governance Code ◽  
China Mainland

scholarly journals Sticky cost behavior: evidence from Egypt

2017 ◽  
Vol 7 (1) ◽  
pp. 16-34 ◽  
Author(s):  
Awad Elsayed Awad Ibrahim ◽  
Amr Nazieh Ezat
Keyword(s):  
Corporate Governance ◽  
Information Needs ◽  
Academic Research ◽  
Content Type ◽  
Listed Firms ◽  
Corporate Governance Code ◽  
Cost Behavior ◽  
Asymmetric Cost ◽  
Cost Stickiness ◽  
Asymmetric Cost Behavior

Purpose The purpose of this paper is to provide further empirical evidence on the asymmetric cost behavior, cost stickiness, in an emerging country, Egypt, which lacks academic research on this subject. Design/methodology/approach This study uses multiple regression analysis to analyze the behavior of selling, general, and administrative costs (SG&A) and cost of goods sold (CGS) individually and jointly using total costs (TC) for the period 2004-2011 for Egyptian-listed firms. In addition, the study compares the cost behavior three years prior to and after the application of the corporate governance code in Egypt in 2007. Findings The results indicate that asymmetric cost behavior is common among Egyptian-listed firms as their SG&A, CGS, and TC were found to be sticky during the study period. The application of the corporate governance code in Egypt was found to affect the nature of SG&A – the behavior of these costs changed from sticky before the code to anti-sticky after the application of the code. Moreover, the code was found to affect the magnitude of stickiness of both CGS and TC. Originality/value Greater awareness about cost behavior is important for emerging markets such as Egypt in order to protect investors’ interests and satisfy their information needs. To the best of our knowledge, this study is the first to provide evidence on cost stickiness in Egypt. Moreover, this study provides further evidence on the correlation between corporate governance and asymmetric cost behavior.

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