Der Global Compact (GC) der Vereinten Nationen versteht sich nicht als Regulierungsinitiative, sondern als freiwilliges Lern- und Dialogforum fuer Corporate Citizenship. Dieser Beitrag entwickelt Vorschlaege, wie der GC diesem Anspruch (noch besser) gerecht werden kann. Hier geht es um...

We analyze the optimal design of rank-order tournaments with heterogeneous workers. Iftournament prizes do not differ between the workers(uniform prizes), as in the previous tournament literature, the outcome will be ineffcient. In the case of limited liability, the employer may benefit from...

This paper describes an exploratory study of corporate responsibility, corporate reputation, and stakeholder support in Norway, Sweden and Denmark—countries recognized worldwide as providing an institutional climate uniquely conducive to responsible business practice. Conducting a secondary...

Over the years, many corporations have been trying to determine what they can and should do to contribute to the sustainability of the economic, social and ecological environment within which they operate. Corporate social responsibility has become a key senior management issue worldwide and an...

In the current context of sustainable development performance means not only to create profit at any cost but to create profits without affecting the interests of other participants in the business including without affecting the environment. Meanwhile corporate governance should ensure the...

This chapter examines the relation between corporate governance mechanisms and operating performance and liquidity risk within the specific environment of West African Economic and Monetary Union (WAEMU) banks. The implementation of well-known western corporate governance mechanisms in emerging...

Investor demand for well-governed companies has steadily increased over the past decades, thus strengthening the role market incentives can play in improving corporate governance. Specifically in emerging markets though, where legal and regulatory frameworks for corporate governance often lag,...

Market globalization has caused significant changes in rules, recommendations and corporate governance practices. For the continuous improvement of corporate governance in the European countries, the audit committee has a key role in stakeholder protection (Dir. 2006/43/CE). The chapter aims at...

This chapter examines the relationship between corporate governance and corporate social responsibility (CSR) reporting in annual report in the context of an emerging country, Bangladesh. Corporate governance is measured using an index consisting of 134 dichotomous elements. The extent of CSR...

Emerging markets play an important role in the global economy, given the prospects of their high economic growth and improving legal infrastructures. Despite the importance of these economies, questions related to corporate governance and corporate social responsibility (CSR) in emerging markets...