When a natural disaster destroys public capital, these direct losses are exacerbated by indirect losses arising from reduced output while reconstruction takes place. These indirect losses may be much larger, relative to the direct ones, in low-income countries, because they lack the finance for...

This paper focuses on the impact of disasters on public expenditures, and how this impact might be valued. The impact may involve changes in the composition of spending, concurrently and over time. It may also involve changes in the level of spending and the profile of this over time. In the...

Purpose – This paper sets out to reveal the extent to which the experience of senior managers as organizational change leaders in a time of contemporary crisis may be discerned to reflect strands of earlier globalization theories; to consider any implications for leadership and management...

Purpose – What emerges when a market emerges? Does giving emphasis to the term emerging markets not represent a form of economic reductionism, neglecting the social context in which a market emerges? In this respect, CSR can be seen as a contribution from the business community, one that does...

Purpose – Presented on behalf of the Evian Group @ IMD, this paper aims to expand upon points made in the keynote speech at the 9th Annual EABIS Colloquium on Corporate Responsibility and Emerging Markets held in St Petersburg, Russia on 20‐21 September 2010. Design/methodology/approach –...

Purpose – A new vision for the purpose of business is vitally and urgently needed for emerging and developed markets to replace the shareholder wealth maximization paradigm that has contributed to contemporary ethics scandals, creating a credibility and trust crisis for business. In response,...

Purpose – As a multi‐speed recovery from the downturn accelerates progress towards a multi‐polar world in which economic power is more widely dispersed, the emerging markets will play a critical role in the future success of multinational companies. The imperatives faced by companies...

Purpose – Although the relationship between corporate social responsibility (CSR) and financial performance has become a hot topic of the Western management community after several decades of arguments, there is still little empirical literature about the relationship between Chinese...

Purpose – Against the backcloth of a growing geopolitical and economic importance of emerging economies, this paper seeks to ask whether emerging economy firms are willing to match their increased economic weight with greater social responsibility. Given a relative scarcity of research into...