1,722,287 research outputs found

    Corporate governance and performance in socially responsible corporations: New empirical insights from a neo-institutional framework

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    Research Question/Issue:This paper investigates the relationship between corporate governance (CG) and corporate social responsibility (CSR), and consequently, examines whether CG can positively moderate the association between corporate financial performance (CFP) and CSR.Research Findings/Insights:Using a sample of large listed corporations from 2002 to 2009, we find that, on average, better-governed corporations tend to pursue a more socially responsible agenda through increased CSR practices. We also find that a combination of CSR and CG practices has a stronger positive effect on CFP than CSR alone, implying that CG positively influences the CFP-CSR relationship. Our results are robust to controlling for different types of endogeneities, as well as alternative CFP, CG and CSR proxies.Theoretical/Academic Implications:The paper generally contributes to the literature on CG, CSR and CFP. Specifically, we make two main new contributions to the extant literature by drawing on new insights from an overarching neo-institutional framework. First, we show why and how better-governed corporations are more likely to pursue a more socially responsible agenda. Second, we provide evidence on why and how CG might strengthen the link between CFP and CSR.Practical/Policy Implications:Our findings have important implications for corporate regulators and policy-makers. Since our evidence suggests that better-governed corporations are more likely to be more socially responsible with a consequential positive effect on CFP, it provides corporate regulators, managers and policy-makers with a new impetus to develop a more explicit agenda of jointly pursuing CG and CSR reforms, instead of merely considering CSR as a peripheral component of CG or as an independent corporate activity.Keywords: Corporate Governance, Corporate Social Responsibility, Corporate Financial Performance, Neo-Institutional Theor

    Collins, G.

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    Collins, G, 420447

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    This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/378122Surname: COLLINS Given Name(s) or Initials: G Military Service Number or Last Known Location: 420447 Missing, Wounded and Prisoner of War Enquiry Card Index Number: 50245191935 Item: [2016.0049.10416] "Collins, G, 420447

    Collins, G F, VX50037

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    This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/378197Surname: COLLINS Given Name(s) or Initials: G F Military Service Number or Last Known Location: VX50037 Missing, Wounded and Prisoner of War Enquiry Card Index Number: 29350192010 Item: [2016.0049.10491] "Collins, G F, VX50037

    Collins, G B, 436900

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    This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/378125Surname: COLLINS Given Name(s) or Initials: G B Military Service Number or Last Known Location: 436900 Missing, Wounded and Prisoner of War Enquiry Card Index Number: 56302191938 Item: [2016.0049.10419] "Collins, G B, 436900

    Why African stock markets should formally harmonise and integrate their operations

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    Despite experiencing rapid growth in their number and size, existing evidence suggests that African stock markets remain highly fragmented, small, illiquid and technologically weak, severely affecting their informational efficiency. Therefore, this study attempts to empirically ascertain whether African stock markets can improve their informational efficiency by formally harmonising and integrating their operations. Employing parametric and non-parametric variance-ratios tests on 8 African continent-wide and 8 individual national daily share price indices from 1995 to 2011, we find that irrespective of the test employed, the returns of all the 8 African continent-wide indices investigated appear to have better normal distribution properties compared with the 8 individual national share price indices examined. We also report evidence of statistically significant weak form informational efficiency of the African continent-wide share price indices over the individual national share price indices irrespective of the test statistic used. Our results imply that formal harmonisation and integration of African stock markets may improve their informational efficiency

    Director shareownership and corporate performance in South Africa

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    This paper investigates the relationship between director shareownership and corporate performance in South Africa using a sample of 169 listed firms from 2002 to 2007. Our results suggest a statistically significant and positive association between director shareownership and corporate performance. By contrast, we find no evidence of a non-linear effect of director shareownership on corporate performance. Our findings are robust across a raft of econometric models that control for different types of endogeneity problems and corporate performance proxies. Overall, our results provide support for agency theory, which suggests that director shareownership can reduce agency problems by aligning more closely the interests of shareholders and corporate executives, and thereby improving corporate performance

    La phylogénie du Maïs.

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    Collins G. N. La phylogénie du Maïs.. In: Revue de botanique appliquée et d'agriculture coloniale, 15ᵉ année, bulletin n°172, décembre 1935. pp. 1109-1119

    Collins, G E W (George Edward Westley), NX49862

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    This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/378158Surname: COLLINS Given Name(s) or Initials: G E W (GEORGE EDWARD WESTLEY) Military Service Number or Last Known Location: NX49862 Missing, Wounded and Prisoner of War Enquiry Card Index Number: 21366191971 Item: [2016.0049.10452] "Collins, G E W (George Edward Westley), NX49862
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