Download or read book Corporate Social Responsibility Practices The Cost of Debt written by Luís Eichhorn and published by . This book was released on 2023-12-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2023 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 1,3, Rhine-Waal University of Applied Sciences, language: English, abstract: This Master's Thesis conducts a literature review of 32 studies, compiling the current knowledge about the impact of corporate social responsibility (CSR) practices, on companies' debt costs, focusing on quantitative assessments. The growing recognition of the role corporations play in addressing environmental and social challenges has been on the rise for several years. As businesses are increasingly being held accountable for their environmental and societal influence, the calling for active engagement in CSR issues is louder than ever before. Consequently, companies face a growing demand regarding CSR issues such as sustainability practices, social impact initiatives, ethical governance, and transparent disclosure of these. Apparently, the traditional sole purpose of profit-making and increasing shareholder value is evolving into a multifaceted commitment to diverse stakeholder demands. CSR awareness and reporting on it have gained a lot of momentum in the last two decades. "2020 survey identified that 80% of N100 companies worldwide (the top 100 companies by revenue in 52 countries and jurisdictions) now report on sustainability, up by 5% since the last survey in 2017, while the reporting rate has reached 90% or more for the G250 group (the world's largest 250 companies by revenue) since 2011". Within this context, the financial implications of CSR practices, particularly their impact on companies' ability to finance operations and expansion plans, emerge as a critical area for investigation. A relatively unexplored aspect is the effect on companies' debt, which marks the primary focus of examination in this thesis.

Download or read book Business Ethics and Corporate Sustainability written by Antonio Tencati and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative book includes cutting-edge insights from leading European and North American scholars who reflect upon business ethics. foundations, firms, markets and stakeholders in order to design more sustainable patterns of development for business and society. Together, the contributing authors advance critical, innovative and imaginative perspectives to rethink the mainstream models and address the sustainability challenge. Business Ethics and Corporate Sustainability will provide a stimulating read for academic researchers, and postgraduate students in business ethics, corporate social responsibility and corporate sustainability as well as those interested in management, strategy and finance.

Download or read book Corporate Social Responsibility in China written by BenoŒt Vermander and published by World Scientific. This book was released on 2014 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 increasingly debated topic in China. This book aims at helping companies operating in China to better assess and exercise their corporate social responsibility (CSR) in specific contexts. The purpose of this book is to show that CSR has a strong economic pay back in the long run, that it is a key success factor in nurturing corporate excellence, and that a sense of urgency and accrued inventiveness are required from companies operating in China. Cross-disciplinary in scope, the book aims at helping students and analysts in political science, governance, international relations and Chinese studies to understand and appreciate the unique role that firms play in shaping a new China. It focuses on the relationship between the state, civil society and corporations in the Chinese context. It researches the conditions under which this relationship might result in redefining China''s developmental model. This practical, business-oriented book takes into account China''s classical and contemporary thought on CSR. It is the result of a long research and collaborative process with several institutions and industry leaders .

Download or read book Corporate Social Responsibility and Corporate Finance in Japan written by Megumi Suto and published by Springer. This book was released on 2018-05-24 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the linkages between the evolution of corporate social responsibility (CSR) and corporate financing and governance in Japan since the late 2000s. Since the 1990s, increasing economic and financial globalization has steadily eroded the Japanese style of business based on relationships and influenced the awareness and practices of CSR that are unique to Japanese companies. In Japan’s two “lost decades” after the bubble economy, the business model and corporate financing seem to have continued a gradual financial reform toward a more market-oriented system. CSR awareness and practices of Japanese companies have been influenced by social and environmental issues that global society and communities face. Furthermore, the Fukushima nuclear accident in 2011 triggered increasing attention paid to the responsibility of business toward society. In this process, major players in corporate governance and components of governance structure have continued to change. The conventional view of Japanese corporate governance and corporate finance is too narrow to understand this field in Japan. This book is based on empirical research to investigate how multifaceted CSR has aligned with business and finance and has influenced the corporate governance structure of Japanese companies. The findings and discussions in this book act are stepping stones in further research on the linkages between business and society, and provide empirical evidence on changes in Japanese corporate finance and governance.

Download or read book The Impact of Corporate Social Responsibility on Cost of Debt in Mining Industry written by 曾偉泰 and published by . This book was released on 2019 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Responsible Global Leadership written by Mark E. Mendenhall and published by Routledge. This book was released on 2020-05-31 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need to ensure principle-driven, legally sound, and ethically acceptable behavior in the global context is not an easy task for leaders. They face the requirement of meeting the needs and expectations of a diverse set of stakeholders. They are increasingly called upon to protect, preserve, and restore the resources of the environment. They are expected to improve human well-being and social equity and recognize and effectively address economic and social issues concerning equality, social justice, and human rights protection. How should leaders in global organizations go about meeting the multiple demands of a complex global stakeholder environment? This book explores the dilemmas, paradoxes, and opportunities that leaders in global organizations of all types confront daily and addresses how managers can and should think about and approach these complex issues in responsible and productive ways. This book will be of interest to students and scholars across business, management and the social sciences more broadly.

Download or read book Does Corporate Social Responsibility Affect the Cost of Capital written by Sadok El Ghoul and published by . This book was released on 2014 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the effect of corporate social responsibility (CSR) on the cost of equity capital for a large sample of U.S. firms. Using several approaches to estimate firms' ex ante cost of equity, we find that firms with better CSR rankings exhibit cheaper equity financing. In particular, our findings suggest that investment in improving responsible employee relations, environmental policies, and product strategies contributes substantially to reducing firms' cost of equity. Our results also show that participation in two “sin” industries, namely, tobacco and nuclear power, increases firms' cost of equity. These findings support arguments in the literature that firms with socially responsible practices have higher valuation and lower risk.

Download or read book Perspectives on Corporate Social Responsibility written by Lez Rayman-Bacchus and published by Routledge. This book was released on 2017-03-02 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade the question of the relationship between organizations and society has been subject to much debate, often of a critical nature. The decade has seen protests concerning the actions of organizations, exposures of corporate exploitation and unfolding accounting scandals. At the same time ethical behaviour and a concern for the environment have been shown to have a positive correlation with corporate performance. The nature of corporate social responsibility is therefore a topical one for businesses and academics. There are, however, many different perspectives upon what is meant by corporate social responsibility and how this might be applied within organizations. The authors involved are respected academics from a variety of disciplines from around the world. The contributions to this book investigate theoretical perspectives on the topic, the application in practice of socially responsible behaviour and the ethical dimension of such behaviour.

Download or read book The Impact of ESG Performance on Cost of Debt via Credit Risk A Case for Sustainability Linked Loans in Europe written by Florian Porzel and published by GRIN Verlag. This book was released on 2021-02-17 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2020 in the subject Business economics - Investment and Finance, grade: 1,0, Erasmus University Rotterdam (Rotterdam School of Management), course: Finance / Sustainable Finance, language: English, abstract: This thesis, graded with summa cum laude, examines the effect of Corporate Social Responsibility (CSR) expressed through Environmental, Social, and Governance (ESG) scores on firms’ cost of debt on two distinct layers with a particular interest on the economic mechanism through which sustainability performance unfolds. Three distinct economic channels for the effect of corporate sustainability on the cost of debt capital are established, namely governance strengths, information asymmetry, and credit risk. The work provides evidence that the latter is primarily responsible for lower debt premia to sustainable borrowers. First, on firm-level, it is shown that superior ESG performance can offset cost of debt by 0.45% for a one standard deviation improvement on ESG performance. In current times of global climate stress with environmental anomalies happening at a daily rate, business actions are understood to play the pivotal role in fighting the most pressing concern in contemporary human history – the transition towards a sustainable economic model. In fact, in order to reach the ambitious sustainability target set by the European Union to reach carbon neutrality by 2050, additional sustainable investments of EUR175 to EUR290 billion are in demand annually. As such, the scaling up of private sector investments entered as key element into the EU Sustainable Finance Action Plan launched by the European Commission in 2018. And although the first climate change bankruptcy with PG&E Corp. failing to meet potential liabilities of around USD30 billion resulting from wildfires already occurred, the need for sustainable adaptation of business practices is erroneously evaluated against hypothetical scenarios or a debatable model of the long-term effects of change.

Download or read book Corporate Governance in Japan written by Masahiko Aoki and published by OUP Oxford. This book was released on 2007-09-06 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of leading scholars from economics, law, sociology and management studies, this book looks at how the Japanese approach to corporate governance and the firm have changed in the post-bubble era. The contributions offer a unique empirical exploration of why and how Japanese firms are reshaping their corporate governance arrangements, leading to greater diversity among firms and new 'hybrid' forms of corporate governance. The book concludes by looking at what effect these incremental but transformative changes may have on Japan's distinctive variety of capitalism.

Download or read book Values Nature and Culture in the American Corporation written by William C. Frederick and published by Oxford University Press, USA. This book was released on 1995 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Values, Nature, and Culture in the American Corporation, distinguished ethicist William Frederick explores issues of fundamental importance to all who aspire to conduct their business affairs ethically. He begins with an examination of the three value systems in business that are basically incompatible, and therefore in constant tension. The first is the need for managers to efficiently allocate resources for maximum profits. The second is the natural tendency for managers, in pursuit of the first goal, to accumulate power for its own sake. The third is the desire for people in the community to create relationships that will perpetuate these communities. Frederick brings in a range of ideas and concepts from the social sciences as well as the natural sciences to illuminate his discussion. In the final section of the book he explores a range of issues of current concern to managers, including corporate culture and technology.

Download or read book Individual Behaviors and Technologies for Financial Innovations written by Wesley Mendes-Da-Silva and published by Springer. This book was released on 2018-07-26 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers comprehensive examination of research on the relevance of individual behavior and technology to financial innovations. The chapters cover current topics in finance including integrated reporting, people finance, crowdfunding, and corporate networks. It provides readers with an organized starting point to explore individual behaviors and new technologies used in financial innovations. The explicit and growing speed of the spread of new technologies has hastened the emergence of innovation in the field of finance. Topics like the Internet of Things, semantic computing and big data finance are motivating the construction of financial tools that translate into new financial mechanisms. This book strives help readers better understand the dynamic of the changes in financial systems and the proliferation of financial products. Individual Behaviors and Technologies for Financial Innovations is organized in 16 chapters, organized in three parts. Part I has eight chapters that review the research on gender differences in attitudes about risk and propensity to purchase automobile insurance, financial literacy models for college students, wellness and attitude of university students in the use of credit cards, impact of programs income distribution and propensity to remain in employment, financial literacy and propensity to resort to informal financing channels, risk behavior in the use of credit cards by students. Part II reviews the research on financing for startups and SMEs, exploring funding through crowdfunding platform, operating credit unions, and using networks of friends to finance small businesses outside the domestic market. The four chapters of Part III describe contexts of financial innovation in listed companies, including society's demands on their behavior - we discuss motivations for companies to participate in corporate sustainability indexes, corporate performance through their profile of socially responsible investments, influence of networks of social relations in the formation of boards, and management of companies, and also the precariousness of financial decisions in large companies, as well as the role of the internet in corporate communication with the market.

Download or read book Research Handbook of Finance and Sustainability written by Sabri Boubaker and published by Edward Elgar Publishing. This book was released on 2018 with total page 681 pages. Available in PDF, EPUB and Kindle. Book excerpt: The severe consequences of the global financial crisis 2008-2009 and numerous accounting frauds and financial scandals over the last fifteen years have let to calls for more ethical and responsible actions in all economic activities including consumption, investing, governance and regulation. Despite the fact that ethics in business and corporate social responsibility rules have been adopted in various countries, more efforts have to be devoted to motivate and empower more actors to integrate ethical behavior and rules in making business and managerial decisions. The Research Handbook of Finance and Sustainability will provide the readers but particularly investors, managers, and policymakers with comprehensive coverage of the issues at the crossroads of finance, ethics and sustainable development as well as proposed solutions, while focusing on three different levels: corporations, investment funds, and financial markets.

Download or read book Corporate Social Responsibility and the Cost of Equity written by Bibek Khadgi and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers have paid close attention to the relationship between corporate social responsibility (CSR) and business performance, with various studies looking at the possible advantages of CSR. The increased focus is due to the government's, the general public's, and investors' growing social and environmental concerns. In order to remain sustainable, businesses should give back to the communities in which they operate. It is especially important for banks because they rely heavily on public funds in the form of deposits. CSR's impact on several financial measures such as profitability, cost of capital, and corporate risk level has long been at the forefront of debate, and a significant management consequence makes it worthwhile to comprehend the link between the two. In contrast to early philanthropic perspectives, the influence of corporate social responsibility as a strategic resource on numerous performance and risk measures has previously been investigated. This study aimed to investigate the link between bank spending on corporate social responsibility and the cost of equity for 21 commercial banks in Nepal. In the context of Nepal Rastra Banks' guidelines of spending 1% of the previous year's net profit on corporate social responsibility, the yearly CSR expenditure of banks has been used as an independent variable and the cost of equity as a dependent variable. The capital asset pricing model was used to determine the cost of equity. Similarly, bank-specific control variables and macroeconomic control variables are employed. Based on 840 bank year panel data observations spanning 5 years from fiscal year 2017/18 to 2021/22, pooled ordinary least squares (POLS), fixed effect, and random effect regression estimation were performed, followed by the Hausman test to determine the suitability of fixed or random effect models and the Breusch-Pagan LM test to determine the suitability of pooled OLS and random effect models. Both tests validated the pooled OLS method's suitability for this investigation. The findings show that corporate social responsibility has a significant negative influence on the cost of equity. In other words, larger CSR costs decrease the cost of equity. The results reinforce the growing strategic view of CSR. The study's conclusions have far-reaching implications. The first notable implications for bank executives are that they view CSR as a strategic resource for lowering their cost of equity. Instilling a greater CSR culture of transparency and disclosure might lower the cost of equity. Furthermore, the findings are beneficial to investors and portfolio managers. The findings arerelated to the fact that increased CSR initiatives promote transparency and minimize perceived risk. Thus, investors and portfolio managers might hunt for socially responsible banks, or, in this study setting, banks with higher CSR spending, for investments. It benefits their job of risk management and diversification. Moreover, this study finds that banks do not spend 1% of their previous year's net profit each year. It unleashes the condition of non-compliance with regulatory norms as well as unstandardized disclosure practices. The regulatory authorities need to ensure that all banks comply with the regulations. Moreover, a standardized approach to CSR reporting and disclosures can be an issue for new policy dialogue to improve CSR culture and practices.

Download or read book The Anthropology of Corporate Social Responsibility written by Catherine Dolan and published by Berghahn Books. This book was released on 2016-03-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Anthropology of Corporate Social Responsibility explores the meanings, practices, and impact of corporate social and environmental responsibility across a range of transnational corporations and geographical locations (Bangladesh, Cameroon, Chile, the Democratic Republic of the Congo, Ghana, India, Peru, South Africa, the UK, and the USA). The contributors examine the expectations, frictions and contradictions the CSR movement is generating and addressing key issues such as the introduction of new forms of management, control, and discipline through ethical and environmental governance or the extent to which corporate responsibility challenges existing patterns of inequality rather than generating new geographies of inclusion and exclusion.

Download or read book Corporate Social Responsibility written by European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities. Unit D.2 and published by . This book was released on 2007 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Om virksomhedernes sociale ansvar i EUs medlemslande

Download or read book The Business Case for Corporate Social Responsibility written by Philipp Schreck and published by Springer Science & Business Media. This book was released on 2009-01-29 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Profound and conceptual analysis of linkages between CSR and financial performance Overview of recent empirical studies in CSR Econometric analysis of relation between corporate social and firm performance