scholarly journals Corporate Social Responsibility Performance & ETF Historical Market Volatility

2017 ◽  
Vol 9 (10) ◽  
pp. 30
Author(s):  
Vasiliki A. Basdekidou ◽  
Artemis A. Styliadou
Keyword(s):  
Corporate Governance ◽  
Community Development ◽  
Fair Trade ◽  
Green Building ◽  
Market Volatility ◽  
The Other ◽  
Future Research ◽  
Financial Instruments ◽  
Corporate Social ◽  
Number Of Firms

In investment and trading, different CSR moral ethical firms, categorized in a number of groups, may be suitable for different financial instruments (i.e. USA sector ETFs) and different market volatility situations. For the purpose of this article we first (i) analyze the trading return performance of four CSR categories (in particular: activism, community development, corporate governance, and environment); and then (ii) examine and comment the correlation between the market performance of a number of firms belonging in these four CSR categories and historical ETF market volatility. Finally, we (iii) suggest CSR firms as trading tools according to dominant market volatility. Other CSR categories (like: fair trade & supply chain, green building, philanthropy & corporate contributions, etc.) would be examined in future research by following the introduced by this paper approach. Paper concludes that, in relatively less volatile markets the Environment CSR ethical firms display better results. On the other hand, in strong market volatile situations it is better to trade Community Development CSR and Corporate Governance CSR ethical firms. Finally, the Activism CSR ethical firms are uncorrelated with the market volatility, as well as their performance is poor in all market cases.

scholarly journals Green Entrepreneurship & Corporate Social Responsibility: Comparative and Correlative Performance Analysis

2017 ◽  
Vol 9 (12) ◽  
pp. 1
Author(s):  
Vasiliki A. Basdekidou
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Green Building ◽  
Market Volatility ◽  
Future Research ◽  
Green Products ◽  
Green Transportation ◽  
Green Ict ◽  
Corporate Social ◽  
Number Of Firms

In investment and trading, different CSR/CSE (Corporate Social Responsibility/Corporate Social Entrepreneurship) moral ethical firms, categorized in a number of groups, may be suitable for different financial instruments (i.e. USA sector ETFs) and different market volatility situations. For the purpose of this article we first (i) analyze the trading return performance of four CSR/CSE categories (in particular: green building, green products, green services, and green transportation); and then (ii) examine and comment the correlation between the market performance of a number of firms belonging in these four CSR/CSE categories and historical ETF market volatility. Finally, we (iii) suggest CSR firms as trading tools according to dominant market volatility. Other CSR/CSE categories (like: sustainability, executive sustainability, renewable energy, green IT, green ICT, etc.) would be examined in future research by following the introduced by this paper approach. Paper concludes that, in relatively less volatile markets the Green Transportation CSR/CSE ethical firms display better results. On the other hand, in strong market volatile situations it is better to trade Green Products CSR/CSE and Green Services CSR/CSE ethical firms. Finally, the Green Building CSR/CSE ethical firms are uncorrelated with the market volatility, as well as their performance is poor in all market cases.

scholarly journals Editorial: New horizons in corporate governance research

2019 ◽  
Vol 1 (2) ◽  
pp. 4-6
Author(s):  
Bashar H. Malkawi
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Future Research ◽  
Company Size ◽  
New Horizons ◽  
Country Culture ◽  
Corporate Social

Corporate social responsibility is still an emerging issue both for practice and research. There are many researchers who investigated this issue in details with regard to various factors including industry, country, culture, company size, etc. (Trong Tuan, 2012; Khan, 2010; Silberhorn & Warren, 2007). This issue of the journal contributed enough to the results of previous research and outlined horizons for future research too

Corporate social responsibility disclosures (CSRD), corporate governance and the degree of multinational activities

2018 ◽  
Vol 8 (1) ◽  
pp. 106-123 ◽  
Author(s):  
William Coffie ◽  
Francis Aboagye-Otchere ◽  
Alhassan Musah
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Developing Country ◽  
Theoretical Perspective ◽  
Positive Association ◽  
Future Research ◽  
Content Type ◽  
Corporate Social

Purpose The purpose of this paper is to examine the effect of corporate governance and degree of multinational activities (DMAs) on corporate social responsibility disclosures (CSRD) within the context of a developing country. Design/methodology/approach Using the annual report of 33 listed firms spanning from 2008 to 2013, the authors employed content analysis based on an adapted index score of CSRD developed by Hackston and Milne (1996) as applied in similar studies (e.g. Deegan et al., 2002; Hassan, 2014). Guided by the authors’ hypotheses, the authors model quantity and quality of CSRD (two separate econometric models) as functions of multinational activity and corporate governance. Findings The results show that the DMA has a positive association with both quality and quality of CSRD. The results also show that certain corporate governance characteristics such as board size (quality and quantity) as well as the presence of a social responsibility sub-committee of the board (quality) have a positive relationship with CSRD. However, increasing the number of non-executive directors (NEDs) may not necessarily improve the quantity or quality of disclosure. Research limitations/implications The study is limited by theory and geography. Theoretically, the study is based on the legitimacy theory and feels compelled to reiterate the importance of considering alternative theoretical perspective in future research. Again the study is limited geographically as the investigation is based on Ghana only and the authors suggest that future research be extended to other countries. Practical implications This study is important as it demonstrates the importance of providing quality of CSRD to stakeholders when the board of a firm has a sub-committee responsible for corporate social responsibility. Originality/value The results of the study extend the literature on CSRD by demonstrating a new evidence on how the degree of firm’s multinational activities together with corporate government mechanism affects both quantity and quality of CSRD in the context of unchartered developing country. The results support the theoretical view that companies engage in CSRD in attempt to legitimize their operations based on the pressure exerted on them and the mechanism put in place to respond to those pressures.

scholarly journals Audit committee chairman characteristics and corporate performance: Empirical evidence from Saudi Arabia

Accounting ◽  
2022 ◽  
Vol 8 (1) ◽  
pp. 47-56 ◽  
Author(s):  
Yahya Al-Matari
Keyword(s):  
Corporate Governance ◽  
Saudi Arabia ◽  
Audit Committee ◽  
Corporate Performance ◽  
Future Research ◽  
Committee Chairman ◽  
Performance Review ◽  
The Impact ◽  
The Relationship ◽  
Number Of Firms

The purpose of this paper is to investigate the impact of corporate governance (CG) characteristics, specifically audit committee chairman (ACC) characteristics. (tenure, expertise, and directorship) on corporate performance (CP). The study was executed on 44 firms, which were registered under the finance sector at Bursa Saudi Arabia. In terms of its scope, the study stretched over quite a long period of time and observed a considerable number of firms; more specifically, it lasted from 2015 to 2019, and observed 195 firms. The relationship between the characteristics of audit committee (AC) directors and CP has been studied extensively in the past. Nevertheless, few studies have investigated the ACC's characteristics. To the best of the researcher's knowledge, no study has yet studied the effect of CG's characteristics, specifically, the ACC characteristics on CP. The study’s conclusions indicate that corporate governance (CG) characteristics, specifically audit committee chairman (ACC) characteristics (tenure and expertise) are positively related to the performance of finance companies. However, the audit committee chairman’s multiple directorships, on the other hand, has no relationship with corporate performance. Review of literature on the audit committee chairman characteristics used in this study is offered, the practical implications and the recommendations for future research works is also emphasized.

scholarly journals Impact of CSR on Firm Value: The Moderating Role of Corporate Governance

2020 ◽  
Vol 4 (2) ◽  
pp. 145
Author(s):  
Affaf Asghar Butt ◽  
Aamer Shahzad ◽  
Jamshaid Ahmad
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Stock Exchange ◽  
Annual Reports ◽  
Future Research ◽  
Financial Firms ◽  
Developed Markets ◽  
Corporate Social ◽  
Moderating Role

This study aims to investigate whether the corporate governance (CG) moderates the link between corporate social responsibility (CSR) and firm value (FV). For this purpose, anatomization was conducted by extracting data from the published annual reports of non-financial firms listed on the Pakistan Stock Exchange. Correlation, regression, and moderation analyses were conducted to obtain the statistical outcomes. The results showed a significant direct relationship between CSR and firm performance. Additionally, it was found that the interactivity between CSR and FV weakened when CG was included as a moderator. The results of this study could be used by stakeholders to make economically sound decisions since it provides complete guidance regarding how to engage in productive CSR activities. Moreover, this study contributes to future research by examining the association between CSR and FV using CG as a moderator, in a market where, as in other developing markets, this relationship has not been the focus of research. Apart from its theoretical contributions, this study explores the role of CG as moderator, in line with research conducted in under-developed markets, which may be considered a significant contribution. 

scholarly journals Current state of corporate governance practices in Colombia

2021 ◽  
Vol 17 (1) ◽  
pp. 51-59
Author(s):  
Sandra Gaitán ◽  
Jimmy A. Saravia
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Hedge Funds ◽  
Global Financial Crisis ◽  
Future Research ◽  
Corporate Boards ◽  
Current State ◽  
Governance Practices ◽  
Corporate Social

In this paper, we review the current state of corporate governance in Colombia. First, we discuss the evolution of the legal framework of corporate governance including the main changes in the code of best corporate governance practices that took place since the global financial crisis of 2008. After this, we discuss key corporate governance issues such as the ownership structure of listed corporations and the market for corporate control, we analyze the practices of corporate boards of Colombian listed companies and their remuneration systems and the role of pension funds and hedge funds as shareholder activists. We also review the evidence regarding corporate governance and firm performance. Finally, we discuss the current state of corporate social responsibility (CSR) and an assessment of corporate governance specifics by industry. We conclude that there are opportunities for future research in several of these fields of study, especially regarding boards of director practices, director remuneration, and corporate social responsibility.

scholarly journals An International Perspective on Corporate Social Responsibility and its Role in Community Development

2019 ◽  
Vol 8 (3S) ◽  
pp. 392-398
Keyword(s):  
Corporate Social Responsibility ◽  
Community Development ◽  
Social Responsibility ◽  
International Perspective ◽  
Future Research ◽  
Relational Theories ◽  
Corporate Social

Corporate social responsibility (CSR) refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. This article analyses the meaning of CSR based on some theories available in literature. It is argued that three theories namely utilitarian, managerial and relational theories of CSR supported by works of other scholars in the area could be used to suggest that CSR becomes an international concern due to globalized nature of business that knows no border. CSR is evolving in its meaning and practice. The article then discusses the role of CSR in community development because the very logic of CSR is towards seeing its impact in community socially, environmentally and economically. Competencies required by CSR managers are also analysed in order to have a better understanding of the practical aspects of CSR. Finally, conclusions and implications for future research are discussed.

Corporate governance// Social Sciences: Achievements and Prospects Journal 3(11), 2019/ OEAPS Inc.(Open European Academy of Public Sciences); Chief Editor Mark Freeman - Barcelona, Spain. 16.03.2019: OEAPS Inc., 2019. - pp. 41-50.

2019 ◽  
Author(s):  
Alexander Kudryashov
Keyword(s):  
Corporate Governance ◽  
Empirical Work ◽  
Theoretical Models ◽  
Western Country ◽  
Chief Editor ◽  
Future Research ◽  
Institutional Environments ◽  
Governance Systems ◽  
Institutional Structures ◽  
Corporate Social

The corporate governance literature provides a rich framework for examining the theoretical models and related mechanisms by which a firm is operated and con-trolled, but there are a number of challenges for future research that remain. This paper identifies some of the key studies and contributions of the existing corporate governance literature, while identifying several fruitful areas for research where our understanding of corporate governance is incomplete. For example, what is the rela-tionship between and corporate social responsibilities, and how might this change in different institutional environments? Expanding standard models to include more nuanced factors within diverse and dynamic institutional environments is one chal-lenge we face in modeling governance more comprehensively. In addition, as data becomes more easily available on smaller countries, transitional economies, and in frontier and emerging markets, we also need to expand our studies beyond the large Western country context. Future empirical work should undertake to bet-ter understand and examine the institutional structures, systems, mechanisms and incentives within understudied regions around the world. Beyond the notion of rep-lication studies, careful cross-country studies would enable us to compare outcomes with existing studies and better inform us on fundamental difference (and similari-ties) between systems, contributing to our discussions on the limits of conversation between governance systems.

Corporate Governance in China: A Survey*

2020 ◽  
Vol 24 (4) ◽  
pp. 733-772 ◽  
Author(s):  
Fuxiu Jiang ◽  
Kenneth A Kim
Keyword(s):  
Corporate Governance ◽  
Agency Problems ◽  
Future Research ◽  
Minority Shareholders ◽  
Controlling Shareholder ◽  
Controlling Shareholders ◽  
Agency Conflict ◽  
Concentrated Ownership ◽  
The Usa ◽  
Corporate Social

Abstract This article surveys corporate governance in China, as described in a growing literature published in top journals. Unlike the classical vertical agency problems in Western countries, the dominant agency problem in China is the horizontal agency conflict between controlling and minority shareholders arising from concentrated ownership structure; thus one cannot automatically apply what is known about the USA to China. As these features are also prevalent in many other countries, insights from this survey can also be applied to countries far beyond China. We start by describing controlling shareholder and agency problems in China, and then discuss how law and institutions are particularly important for China, where controlling shareholders have great power. As state-owned enterprises have their own features, we separately discuss their corporate governance. We also briefly discuss corporate social responsibility in China. Finally, we provide an agenda for future research.

scholarly journals Meta-analyses on Corporate Social Responsibility (CSR): a literature review

2021 ◽  
Author(s):  
Patrick Velte
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Literature Review ◽  
Social Responsibility ◽  
Positive Impact ◽  
Business Case ◽  
Future Research ◽  
Financial Consequences ◽  
Meta Analyses ◽  
Corporate Social

AbstractThis paper addresses quantitative meta-analyses on corporate governance-related determinants and firms’ (non) financial consequences of Corporate Social Responsibility (CSR). Legitimacy theory as our theoretical framework assumes that, through a social contract, a company must fulfil the respective society’s values and expectations and gain legitimacy. We also rely on the business case argument, assuming a positive relationship between CSR and financial outcomes of the firm. This analysis focusses on 54 quantitative meta-analyses on CSR and includes a structured literature review in order to increase our knowledge, which corporate governance variables and proxies of firm’s (non) financial outcome have been heavily included in archival research, and if there is an overall impact of these variables. Prior meta-analyses indicate that board independence, board gender diversity, and board size have a positive impact on CSR performance. Moreover, both CSR performance and environmental performance increase financial performance. This literature review makes a useful contribution to prior studies by summarizing the overall impact of corporate governance variables on CSR and their (non) financial consequences and by deducing recommendations for future research.

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