... various stakeholders By satisfying stakeholder demands, corporations develop trust and loyalty among those stakeholders More and more corporations promote socially responsible actions and policies ... stakeholders”, and philanthropic responsibility means to “do what is desired by global stakeholders” (author’s original emphasis) 2.3 Previous research about CorporateSocialResponsibilityand ... CSR as below “CSR as corporate behaviors, which aim to affect stakeholders positively and go beyond its economic interest” 2.2 CorporateSocialResponsibility Theories 2.2.1 Stakeholder theory...
... Public Relations and Organizational Communication…… 35 CorporateSocialResponsibilityand Internal Stakeholders……… 41 Definition of Stakeholders…………………………………… 41 Importance of Employee Stakeholders……………………… ... hardly demonstrated any socialresponsibility Within this approach can be subsumed the theory of corporate citizenship andcorporatesocial performance (CSP) The concept of corporate citizenship, ... towards CSR and Publicity……………………………… 189 4.9 Means, Standard Deviations and Cronbach Alphas of the Constructs of CSR and Relationship Outcomes…………………….191 4.10 Means, Standard Deviations and Correlations...
... called corporatesocialresponsibility Such acts lead to development of trust and improvement of relationships with the stakeholders of the firm Some examples of act of corporatesocialresponsibility ... hypotheses grounded in theory and provide a methodological framework that will use recent data on corporatesocialresponsibilityand will try to pinpoint the role corporatesocialresponsibility plays ... of corporatesocial responsibility: Self-reported disclosure as a measure of corporatesocial investment Academy of Management Journal, 30: 277-296 Alexander, G., & Bucholtz R 1978 Corporate social...
... accounting performance and CEO turnover include Weisbach (1988), Murphy and Zimmerman (1993), Lehn and Makhija (1997), and DeFond and Park (1999), while Blackwell, Brickley, and Weisbach (1994) ... their framework, corporate transparency has three main elements: 1) corporate reporting (voluntary and mandatory), 2) information dissemination via the media and Internet channels, and 3) private ... private information acquisition on the one hand, andcorporate reporting and information dissemination on the other hand For example, evidence in Bhattacharya and Daouk (2001) suggests that relatively...
... Commerce BID: Branding-inherent Demand SAR: Spatial Autoregressive SMA: Spatial Moving Average Bond: Bond’s Franchise Guide Incomplete Contracts andCorporate Governance: Theory and Evidence ... essential element of corporate governance, which has been raised by Coase (1937) and more recently developed by Jensen and Meckling (1976), Fama and Jensen (1983a, b), Williamson (1985), and Tirole (2006) ... Effects of Branding Value on Choice of Governance Structure: Scenario 87 Figure 3.2 Effects of Branding Value on Choice of Governance Structure: Scenario 88 Figure 3.3 Effects of Branding Value...
... takeovers, clustering andgovernance aspects • Chapters & • Holmstrom, B and S Kaplan, Corporategovernanceand merger activity in the United States: making sense of the 1980s and 1990s’, Journal ... on corporate takeovers, other forms of corporate restructurings andgovernance It includes a complete, yet concise synthesis of the recent available literature on takeovers, restructuring andcorporate ... Finance and Accounting, the Journal of Corporate Finance and the Journal of Banking and Finance Terry Walter Terry Walter is a Professor of Finance and Head of School in the School of Banking and...
... information andcorporategovernance , Journal of Accounting and Economics, Vol 32, December, pp 237-333 CHEN, En-Te e John Nowland (2007): "Asian family-owned companies: optimal board governanceand ... managerial control and the governance of companies on the Brussels Stock Exchange", Journal of Banking and Finance, Vol 24, pp 1959-1995 ROMANO, Roberta (1996): Corporate law andcorporategovernance , ... ANDCORPORATE GOVERNANCE: THE PORTUGUESE COMPANIES EVIDENCE ABSTRACT The main objective of this paper is to analyze the relationship between the composition and characteristics of corporate governance...
... understatement problem, Perry and Williams (1994) and Wu (1997) (using larger sample sizes and more powerful methodologies), In takeover or merger settings, Easterwood (1997) and Erickson and Wang (1999) have ... outside directors has a significant and positive correlation with number of board meetings andcorporate directors and market value of equity The percentage of corporate directors is significantly ... board and audit committee members Nevertheless, our results imply an associative link between the board and earnings management References Baysinger, R., Butler, H.M., 1985 Corporategovernance and...
... NO * JULY 1988 Corporate Finance andCorporateGovernance OLIVER E WILLIAMSON* ABSTRACT A combined treatment of corporate finance andcorporategovernance is herein proposed Debt and equity are ... 58] and by Klein, Crawford ,and Alchian [38] The appearanceof the "classic capitalist firm" and its financing was explicated by Alchian and Demsetz [12] and Jensen and Meckling [30] The Jensen and ... incentives and (2) craft governancestructuresthat fill gaps, correct errors ,and adapt more effectively to unanticipateddisturbances.Prospectiveincentive and governanceneeds will thus be anticipated and...
... information andcorporategovernance , Journal of Accounting and Economics, Vol 32, December, pp 237-333 CHEN, En-Te e John Nowland (2007): "Asian family-owned companies: optimal board governanceand ... managerial control and the governance of companies on the Brussels Stock Exchange", Journal of Banking and Finance, Vol 24, pp 1959-1995 ROMANO, Roberta (1996): Corporate law andcorporategovernance , ... ANDCORPORATE GOVERNANCE: THE PORTUGUESE COMPANIES EVIDENCE ABSTRACT The main objective of this paper is to analyze the relationship between the composition and characteristics of corporate governance...
... application of the corporate valuation model to all corporate decisions and strategic initiatives The objective of VBM is to increase Market Value Added (MVA) 15 - 26 MVA and the Four Value ... reported on balance sheets 15 - Total Corporate Value Total corporate value is sum of: Value of operations Value of nonoperating assets 15 - Claims on Corporate Value Debtholders have first ... and/ or improving profitability The expected ROIC of Division B is greater than the WACC, so the division should continue with its growth plans 15 - 39 Two Primary Mechanisms of Corporate Governance...
... research in corporategovernance need not begin and end with agency theory and other accepted governance models 2.2 THE MAJOR RESEARCH TRENDS IN LEGAL THEORIES ON CORPORATION ANDCORPORATEGOVERNANCE ... literature, discussion and conclusion Each chapter stands on its own and can be read separately without loss of understanding Chapter CHAPTER LEGAL THEORIES AND MODELS OF CORPORATEGOVERNANCE 2.1 INTRODUCTION ... theoretical application of legal theories and models of corporation andcorporategovernanceand provide empirical evidence to the importance of litigation in corporategovernance Each essay constitutes...
... of corporategovernance in the UK and reviews the literature on earnings management andcorporategovernance Chapter develops the hypotheses to be tested Chapter discusses the data sources and ... shareholders There are four basic corporategovernance mechanisms which are identified by 14 Chapter Literature Review andCorporateGovernance in the UK Jensen (1993): legal and regulatory mechanism, ... of inside directors, and combining the roles of CEO and Chairman in one person 16 Chapter Literature Review andCorporateGovernance in the UK The results of Beasley (1996) and Dechow et al (1996)...
... the CG and CSR: Model 1: CorporateGovernance as foundation for Corporatesocial reponsibility Model : Corporatesocialresponsibility as an extended model of Corporategovernance Model : Corporate ... the term “ CorporateGovernance “ - I am understand the meaning of Corporatesocialresponsibility 17 - Companies‟ governance structure influences the quality of Corporatesocialresponsibility ... change, a company‟s culture, corporategovernance standards, stakeholder- engagement strategies, philanthropy, reputation, and brand management 2.4 Stakeholder theory Stakeholder Theory focuses...
... ONS Pendleton, A and Gospel, H (2005) Market and Relationships: Finance, Governance, and Labour in the United Kingdom In H Gospel and A Pendleton (eds) CorporateGovernanceand Labour Management: ... pension funds, fund managers, insurance companies and investment consultants to develop corporategovernanceandcorporatesocialresponsibility standards Such actions send coordinated market signals ... 2006 8:16 PM CORPORATEGOVERNANCEANDSOCIALRESPONSIBILITY Cheffins, B (2000) CorporateGovernance Reform: Britain as an Exporter, Hume Papers on Public Policy, 8, 10–29 Clark, G and Hebb, T (2004)...
... performance and performance criteria 19 2.5 Relationship between CSR practices and disclosure andCorporategovernanceandcorporate performance 19 2.5.1 CSR practices and disclosure andCorporate ... INFLUENCE OF CORPORATESOCIALRESPONSIBILITY DISCLOSURE ON CORPORATEGOVERNANCEAND COMPANY PERFORMANCE BY DINH THI BICH NGOC APRIL, 2011 Supervisor: PHAM DUC HIEU CorporateSocialResponsibility ... CorporateSocialResponsibility - Page 30 - 4.1.2 CSR Questionnaire 4.1.2.1 You are aware of the term CorporateSocialResponsibility Figure 8: You are aware of the term CorporateSocial Responsibility...