Cross-Country and Cross-Sector CSR Variations

2017 ◽  
pp. 69-95
Author(s):  
Altay Dikeç ◽  
Victor Kane ◽  
Nejat Çapar
Keyword(s):  
United States ◽  
Information Disclosure ◽  
Stock Exchange ◽  
The United States ◽  
Consumer Electronics ◽  
Telecommunication Services ◽  
Corporate Websites ◽  
Exchange Markets ◽  
Cross Country ◽  
Corporate Social

From the days corporate social responsibility (CSR) became a topic of discussion, extensive amount of research is conducted on CSR in Western countries but still there is relatively little focus on some developed and developing countries. Moreover, relatively little research has compared cross-country and cross-sector CSR variations. Starting from this point, this article investigates the extent of CSR variations of a highly developed (the United States), a developed (South Korea) and a developing country (Turkey) through a detailed comparative analysis of CSR information disclosure on corporate websites of 50 CSR active companies listed in stock exchange markets of each country. For cross-sector comparison, these target corporations are selected from five different industries including consumer electronics & telecommunication services, automobile & component manufacturers, food & beverages, retail stores, and major banks. The research opens the door for more in-depth empirical study on why there are cross-country and cross-sector variations in CSR.

Cross-Country and Cross-Sector CSR Variations

2019 ◽  
pp. 1471-1498 ◽  
Author(s):  
Altay Dikeç ◽  
Victor Kane ◽  
Nejat Çapar
Keyword(s):  
United States ◽  
Information Disclosure ◽  
Stock Exchange ◽  
The United States ◽  
Consumer Electronics ◽  
Telecommunication Services ◽  
Corporate Websites ◽  
Exchange Markets ◽  
Cross Country ◽  
Corporate Social

From the days corporate social responsibility (CSR) became a topic of discussion, extensive amount of research is conducted on CSR in Western countries but still there is relatively little focus on some developed and developing countries. Moreover, relatively little research has compared cross-country and cross-sector CSR variations. Starting from this point, this article investigates the extent of CSR variations of a highly developed (the United States), a developed (South Korea) and a developing country (Turkey) through a detailed comparative analysis of CSR information disclosure on corporate websites of 50 CSR active companies listed in stock exchange markets of each country. For cross-sector comparison, these target corporations are selected from five different industries including consumer electronics & telecommunication services, automobile & component manufacturers, food & beverages, retail stores, and major banks. The research opens the door for more in-depth empirical study on why there are cross-country and cross-sector variations in CSR.

The Nexus Between Johannesburg Stock Exchange and the United States Unemployment Rate Announcement: An Impulse Response Analysis

2018 ◽  
Vol 10 (3(J)) ◽  
pp. 160-168
Author(s):  
Misheck Mutize ◽  
Victor Virimai Mugobo
Keyword(s):  
United States ◽  
South African ◽  
Impulse Response ◽  
Unemployment Rate ◽  
Stock Prices ◽  
Stock Exchange ◽  
The United States ◽  
Response Analysis ◽  
Johannesburg Stock Exchange ◽  
The Us

The study explores the relationship between the unemployment rate in the United States and South Africa’s stock prices from the beginning of 2013 to the last day 2017. The objective of this paper is to examine the impact of the US unemployment rate announcement on the South African financial market. Results of Impulse Response analysis show that there is a very minimal impact from the US unemployment announcement to South Africa’s stock prices which disappears within two days of the announcement. In addition, the Johannesburg stock exchange index marginally responds to own shocks, which marginally fades away within two days. These findings imply that the changes in the US employment policies have a direct ripple effect on the South African macroeconomic environment, its investing public sentiments and corporate confidence on the future prospects of businesses.

El mess in TELMEX: a comment on Mexico-measures affecting telecommunications services

2006 ◽  
Vol 5 (2) ◽  
pp. 271-296 ◽  
Author(s):  
DAMIEN J. NEVEN ◽  
PETROS C. MAVROIDIS
Keyword(s):  
United States ◽  
The United States ◽  
Trade In Services ◽  
Telecommunication Services ◽  
Panel Report ◽  
Telecommunications Services

This paper reviews the panel report on Mexico-Measures A.ecting Telecommunication Services. The panel considered claims by the United States (US) that Mexico acted inconsistently with its obligations with respect to the liberalization of the market for telecommunication services. It is the .rst panel to consider solely the rules agreed in the General Agreement on Trade in Services (GATS). It is also the .rst panel to deal with telecommunication services and its complex layers of legislation, in particular the rules agreed in the Telecommunications Reference Paper (TRP)onpro-competitive regulatory principles. Viewed fromthis perspective, this report is because of its potential precedence value, of particular signi.cance.

scholarly journals Interdependence of stock exchange indices from leading capital markets: USA, Germany and Japan Stock Market

Bizinfo Blace ◽  
2021 ◽  
Vol 12 (1) ◽  
pp. 15-28
Author(s):  
Milena Marjanović ◽  
Ivan Mihailović ◽  
Ognjen Dimitrijević
Keyword(s):  
United States ◽  
Financial Markets ◽  
Capital Markets ◽  
Stock Exchange ◽  
Impulse Response Function ◽  
The United States ◽  
Causality Test ◽  
Vector Autoregressive ◽  
Equilibrium Relationship ◽  
The Us

In the context of globalization, due to the accelerated process of economic integration of countries and financial markets, the interdependence of the world's leading financial markets is more than obvious. This paper investigates the interdependence of stock exchange indices from leading capital markets in the world: USA, European Union and Asia. Our intention is to determine the direction of causality between the observed capital markets, as well as whether and in what way shocks in one market are transmitted to other markets. Research methodology includes stationarity testing, the existence of cointegration, the application of the Vector Autoregressive Model (VAR) which is complemented by the Granger causality test and the Impulse Response Function (IRF) analysis. The results of the research are as follows. Johansen's cointegration test showed that there is no long-term equilibrium relationship between the observed markets, while Granger's test showed that there is mutual causality between the capital markets of Germany and the United States. As for the Japanese index, previous events in Germany and the United States are statistically significant, but previous events on the Tokyo Stock Exchange cannot explain movements in Germany and the United States. According to the results of the IRF analysis, shocks that may occur in the US market have an almost identical impact on all observed markets. On the other hand, disturbances on the Japanese market are not transmitted to the German and American market, i.e. remain in Japan.

The Fall

Money ◽  
2017 ◽  
Author(s):  
John Kenneth Galbraith ◽  
James K. Galbraith
Keyword(s):  
United States ◽  
New York ◽  
World War I ◽  
Gold Standard ◽  
Stock Exchange ◽  
The United States ◽  
World War ◽  
Industrial Countries ◽  
Monetary System ◽  
York Stock Exchange

This chapter examines the end of the international gold standard during World War I. The creation of the Federal Reserve System—with its idea of centralized banking carried out by twelve central banks—ended the United States's long struggle to perfect a sensible, conservative monetary system. Everywhere in the industrial countries money of whatever kind was now exchangeable, without pretense or delay, into gold. The chapter considers how the major industrial participants—Germany, France, Britain, Austria—suspended specie payments and went off the gold standard when World War I broke out; the dumping of securities on the New York market in the first nervous days of the war; the shutdown of the New York Stock Exchange; and how the United States eventually abandoned the gold standard. The increase in whole prices in the United States during all the war years is also discussed.

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