How Do Remuneration Committees Affect Corporate Social Responsibility Disclosure? Empirical Evidence from an International Perspective

The main goal of this study is to analyze whether the existence of remuneration committees tend to disclose more corporate social responsibility (CSR) information. In addition, we test the moderating role played by the proportion of independent directors on boards of directors with the relationship between the constitution of remuneration committees and CSR disclosure. Previous research does not appear to have addressed these questions. The research questions proposed are tested using an international sample of 28,610 listed companies, and we took into consideration information on industrial companies from the Middle East, developed Asian and Pacific countries, both emerging and developed European countries, Africa, Latin America and North America. These findings provide evidence that the existence of remuneration committees is more likely to disclose CSR information, and the existence of independent board members positively moderates the association between the existence of remuneration committees and CSR disclosure. We expand on earlier empirical literature concerning corporate governance and CSR issues.

Contemporary Public Policies to Strengthen Family Farming in the International Perspective: A Bibliometric Study

Family farming produces most of the fresh food consumed in large urban centers. However, its success depends on a variety of public policies, which range from strengthening the means of production to supporting marketing channels. In this article, we conduct a careful bibliometric analysis of studies in the international literature that address “family farming, public policies, and socioeconomic development”. The aim of the study is to identify and classify the public policies aimed at supporting family farming and socioeconomic development. We carried out a systematic literature review considering five international scientific journal databases using pairs of the keywords “public policies”, “family farming” and “socioeconomic development”. The resulting sample was a total of 625 articles, covering the period between 1984 and 2020. A bibliometric analysis of the first 50 articles selected by the Methodi Ordinatio tool was performed. For the final portfolio, 10 variables were analyzed to better assess and understand the current literature. Our analysis shows an increase in publications in the last five years, with articles from South America being more prevalent than those from other continents. Brazil being one of the key countries that has developed public policies aimed at family farming and rural socioeconomic development.

The Effects of the COVID-19 Crisis on Risk Factors and Option-Implied Expected Market Risk Premia: An International Perspective

Institutional investors often have to decide which strategy to use across international business cycles. This is especially important during economic and financial crises. The exogenous nature of the outbreak of the dramatic COVID-19 crisis represents a unique opportunity to understand the performance of risk factors during severe economic times across international stock markets. Even more important is to analyze how these factors behave across very different economic crises, such as the COVID-19 pandemic and the Great Recession. Although, the overall results show that the momentum and quality factors are the winners, with the value factor as the loser, this research also reports different responses of factors across crises and countries. The size, value, and defensive factors tend to perform worse during the health crisis relative to the Great Recession, while the momentum factor shows a poor performance during the financial crisis, but a positive one during the outbreak of COVID-19. The quality factor is an extraordinary defensive factor in both crises. Similarly, this paper reports heterogeneous responses of option-implied expected market risk premia across alternative stock market indices, and between the Great Recession and the COVID-19 crisis.