Suchergebnisse

Corporate reputation has gained significant attention within academic circles and emerged as a critical concern in practical business contexts. However, prior studies on this topic have been somewhat fragmented, creating fertile ground for exploring new research avenues, particularly in assessing reputation. Sustainability reporting, corporate governance, and company attributes have been associated with enhancing corporate reputation. Nevertheless, there remains a dearth of research exploring these variables' impact on the novel reputation measurement proxy, especially in emerging economies like Malaysia. Therefore, this study investigates the intricate relationship between sustainability reporting and corporate reputation using the new proxy of reputation in the context of Malaysia, a dynamic and rapidly growing economy. Balancing the 'Green' aspects of sustainability with the 'Gold' aspects of company performance and reputation is a pivotal concern for organizations in the region. The results showed sustainability reporting significantly impacts corporate reputation to sustain a harmonious equilibrium characterized by "Green" and "Gold" elements. The findings encourage Malaysian PLCs to navigate this duality successfully and can reap long-term benefits regarding reputation, stakeholder trust, and sustainable profitability.
Keywords: sustainability reporting, reputation, transparency, greenwashing, Malaysian public listed companies

As governments put in place governance frameworks for technology development, differing models are emerging that reflect the contrasting preferences of the US, Europe, and China. The pivotal issue is reconciling accountability and human rights. Should Singapore re-think its approach to technology innovation governance?

Corporations, at the present stage of development of our country can become one of the most powerful and effective tools for managing modern business processes. The key to not only the investment attractiveness, ah guarantee the effective functioning of enterprises in an increasingly competitive, is the effectiveness of corporate governance, and therefore the problem of improving corporate governance is an increased interest not only from the domestic business, legislative and executive power, but the domestic economic science. Studies confirm the fact that corporate governance is a complex process that combines organizational, legal, economic, motivational, social, psychological and other mechanisms. Effective management enables corporations to do business in new, by improving the financial performance of the company due to the higher productivity (profitability) of capital investment, mobilizing capital for faster project execution than competitors. Criteria for effective corporate governance can Previews two general components: a significant proportion of intangible assets, which leads to the increase of the value and investment attractiveness of the market; guaranteed availability disciplinary control over the work of top–managers. The process of corporate governance covering all participants interested in the development of corporations, each of which has its own interests. Improving corporate governance system improves the efficiency of organizations and expands their access to external sources of financing, which is a prerequisite for sustainable economic growth. Improvement of corporate governance remains a priority, both nationally and internationally, but they should be developed taking into account the interests of all participants. In addition to the above areas of corporate governance problems deserve further study such aspects as: strengthening state influence on the processes of corporate governance; increasing the responsibility of senior management to all shareholders; strengthening the role of auditing the management of the Corporation; forming a system of risk management and a number of other pressing issues. ; Корпорации, на современном этапе развития нашей страны, могут стать одним из мощных и эффективных инструментов управления современными бизнес процессами. Залогом не только инвестиционной привлекательности компании, а и гарантией эффективного функционирования предприятий в условиях растущей конкурентной борьбы, является эффективность корпоративного управления, и поэтому проблема улучшения корпоративного управления вызывает повышенный интерес не только со стороны отечественного бизнеса, законодательной и исполнительной власти, но и отечественной экономической науки.Проведенные исследования подтверждают факт, что корпоративное управление, это сложный процесс, который сочетает в себе организационно–правовые, экономические, мотивационные, социально–психологические и другие механизмы. Эффективное управление корпорациями дает возможность по новому заниматься предпринимательской деятельностью, путем улучшения финансовых результатов компании за счет более высокой производительности (рентабельности), инвестиционного капитала, мобилизация капитала для быстрого выполнения проектов, чем конкуренты. Критерии эффективного корпоративного управления можно разделить на два общие составляющие: это нематериальные активы, что приводит к росту стоимости и инвестиционной привлекательности на рынке; наличие гарантированного дисциплинарного контроля за работой топ–менеджеров.Процесс корпоративного управления охватывает всех участников заинтересованных в развитии компании, каждая из которых имеет свои интересы. Совершенствование системы корпоративного управления способствует повышению эффективности организаций и расширению их доступа к внешним источникам финансирования, является одним из условий устойчивого роста экономики. Совершенствование системы корпоративного управления остается одной из приоритетных задач, как на общегосударственном уровне, так и на международном, однако они должны быть разработаны с учетом интересов всех участников.Кроме выше перечисленных направлений решения проблем корпоративного управления дальнейшего исследования заслуживают такие его аспекты, как: усиление влияния государства на процессы корпоративного управления; увеличение ответственности высшего руководства перед всеми акционерами; усиление роли аудиторской деятельности управленческих органов корпорации; формирование системы управления рисками и целый ряд других актуальных проблем. ; Корпорації, на сучасному етапі розвитку нашої країни, можуть стати одним із потужних і ефективних інструментів управління сучасними бізнес процесами. Запорукою не тільки інвестиційної привабливості компанії, ай гарантією ефективного функціонування підприємств в умовах зростаючої конкурентної боротьби, є ефективність корпоративного управління, і тому проблема поліпшення корпоративного управління викликає підвищений інтерес не тільки з боку вітчизняного бізнесу, законодавчої і виконавчої влади, але й вітчизняної економічної науки. Проведені дослідження підтверджують факт, що корпоративне управління, це складний процес, який поєднує в собі організаційно–правові, економічні, мотиваційні, соціально–психологічні та інші механізми. Ефективне управління корпораціями дає можливість по новому займатися підприємницькою діяльністю, шляхом поліпшення фінансових результатів компанії за рахунок більш високої продуктивності (рентабельності), інвестиційного капіталу, мобілізація капіталу для швидшого виконання проектів, ніж конкуренти.Критерії ефективного корпоративного управління можна розглядами двома загальним складовими: значна частка нематеріальних активів, що призводить до зростанні вартості та інвестиційної привабливості на ринку; наявність гарантованого дисциплінарного контролю за роботою топ–менеджерів. Процес корпоративного управління охоплює всіх учасників зацікавлених в розвитку корпорації, кожна з яких має свої інтереси. Вдосконалення системи корпоративного управління сприяє підвищенню ефективності організацій та розширенню їх доступу до зовнішніх джерел фінансування, що є однією з умов стійкого зростання економіки. Удосконалення системи корпоративного управління залишається одним із пріоритетних завдань, як на загальнодержавному рівні так і на міжнародному, проте вони мають бути розроблені з врахуванням інтересів всіх учасників. Крім вище перерахованих напрямів вирішення проблем корпоративного управління подальшого дослідження заслуговують такі його аспекти, як: посилення впливу держави на процеси корпоративного управління; збільшення відповідальності вищого керівництва перед усіма акціонерами; посилення ролі аудиторської діяльності управлінських органів корпорації; формування системи управління ризиками та ціла низка інших актуальних проблеми.

The greatest myth of modern times is the suggestion that capitalism and corporations do better with less government. The global economic crisis has certainly put paid to this idea. But the massive emergency state bailouts and interventions put in place from 2008 were unique only in their size and scale. Government programmes, designed to meet the needs of business, are not just everyday, they are everywhere and they are essential. Just as social welfare protects citizens from the cradle to the grave, corporate welfare protects and benefits corporations throughout their life course. And yet, in most countries, corporate welfare is hidden and underresearched. Drawing on comparative data from OECD states, this book seeks to shed light on the size, uses and importance of corporate welfareacross variouswelfare regimes.

PurposeThe paper aims to integrate central ideas about corporate ethics into an overall framework of corporate governance in modern market economies. A proposal for an adequate understanding of corporate ethics is outlined and, with this understanding as a background, problems of justification and implementation of corporate ethics are to be discussed.Design/methodology/approachIn its philosophical part, the paper draws heavily on ideas developed around the German philosophical school of "methodological constructivism" (not to be confused with "radical constructivism") which goes back to the works of Lorenzen, Mittelstraß, Kambartel, Gethmann, Janich, Wohlrapp et al. and which unfolds and defends a concept which C.F. Gethmann proposed to designate as "cultural pragmatism" as against the concept of "natural pragmatism" which originated in the USA. In its management part the paper relies on an interpretive approach to understand (reconstruct) the "raison d'être" of the private corporation in today's market economies and its implications for management and management theory.FindingsThe process of justification of norms, intended to give useful orientation to our common life, must start on the pragmatic (instead of the semantic) level by reconstructing those basic differences and notions which have (thus far) proven as being successful for the coordination human actions. This is in our case the difference between peaceful conflict resolution (which is dialogic in character) and the use of power (in its manyfold forms). Corporate ethics is, thus, understood here as a dialogical concept which contributes to the public interest (and national law) of making peace in and between societies more stable, and this by peacefully solving such conflicts with corporate stakeholders which result (or may result) from the choice of means (strategy) with which a corporation tries to make profits. It is in this capacity that corporate ethics adds a second dimension to the economic responsibility of management of private corporations which is to make sufficient profits (for the firm to survive under competitive conditions). This second dimension is part of what is called today corporate social responsibility. Integrating corporate ethics into the management process (planning, organizing, staffing, directing, control) requires that the principle of "primacy of corporate ethics" dominates all decisions and activities of the corporation, especially in dilemma situations.Originality/valueThe paper is part of the old dispute (in management theory, company law, etc.) about the "modern corporation and private property" stimulated (anew) through the seminal work of Berle/Means as early as 1932 and, later on, through institutional economics ("corporate governance"). It contributes to this discussion the proposal to integrate some (new) philosophical ideas of "cultural pragmatism" (a term proposed by the German philosopher C.F. Gethmann to mark the difference to the well‐known "natural pragmatism" which originated in the USA) into management theory; moreover, some steps are made towards a conceptional framework of corporate ethics with the aim in mind to gain a new understanding of the relationship between private business and the public interest.

Purpose– The purpose of this paper is to investigate the link between corporate social responsibility (CSR) and risk for a sample of US firms rated by KLD.Design/methodology/approach– The authors' approach involves three distinctive features. First, the authors use individual indicators of CSR to highlight which CSR dimension matters most for a firm's risk. Second, the authors distinguish CSR strengths and concerns to reveal potentially nonlinear relationships. Third, the authors use a measure of risk that takes into account the predictable changes in a firm's performance and that does not collapse the panel data into a single cross-section. This allows the CSR–risk relationship to be estimated by the variation within each firm and the variation across firms.Findings– Consistent with existing results, the authors find that CSR concerns relating to diversity, employee relations and corporate governance increase the risk to shareholders. More interestingly, the authors show that CSR strengths relating to diversity and employee relations are also associated with higher risk. The positive influence of both CSR strengths and concerns on a firm's risk is confirmed using aggregate CSR indicators.Research limitations/implications– The results confirm that CSR strengths and concerns represent distinct constructs that should not be aggregated into a single measure. The effect of poor CSR on firm risk is more significant than what would appear to be the case using an aggregate index.Practical implications– Although lack of CSR engagement may not affect (and may even benefit) a firm's current performance, it may seriously damage its performance in the future. Firms should be aware of this risk.Originality/value– The positive relationship found between CSR and firm risk underscores the inherent conflict between the interests of employees and those of shareholders. By committing to a more favorable treatment of their employees, firms incur a fixed cost that inevitably transfers more risk to their shareholders.

The monograph explores theoretical basis of risk management and corporate governance, construction of the system and development of measures for risk management of the corporation of industrial enterprises of railway transport, the improvement of approaches to the classification of risks of industrial enterprises and developing risk management framework of industrial enterprises. The monograph is intended for economists, management professionals, scientists, executives and specialists of government bodies, heads of industrial enterprises and top managers of corporations, specialists and practitioners interested in the problems of managing industrial enterprises. ; У монографії досліджуються теоретичні основи управління ризиками та корпоративного управління, побудова системи та розробка заходів щодо управління ризиками корпорації промислових підприємств залізничного транспорту, удосконалення підходів до класифікації ризиків промислових підприємств та розробка системи управління ризиками промислових підприємств. Монографія розрахована на економістів, професіоналів управління, науковців, керівників та фахівців державних органів, керівників промислових підприємств та топ- менеджерів корпорацій, фахівців та практиків, зацікавлених у проблемах управління промисловими підприємствами.

The remuneration of directors of listed companies generated a lively debate and even controversy as to their amount or to the principles guiding their determination. This debate is often intensified by vivid media coverage aimed at instigating the public opinion and encouraging the legislator to take up the question. The latter then seeks to regulate the practices in question either by imposing mandatory measures at times, or by encouraging self-regulation at others. This study aims to assess the relevance and effectiveness of all of these rules under the hard law and soft law. Such an examination of the substantive law shows a real inability to provide an answer to the problem of the social acceptability of these remunerations through legal tool. It also reviews the evolution of French legislation during the last twenty years, based on the need for transparency and the development of procedures for determining and awarding the remuneration of directors. Judges do not appear to have effective leverage and means of struggle in the Corporate Laws against the excesses of the remuneration. So many hopes have been based on the principles derived from the soft law and in particular, Corporate Governance, yet those hopes were however deceived in many ways. Finally, the question that remains particularly urgent and haunting is whether the law, be it hard or soft, can be a useful and effective tool for regulating the level of remuneration of directors and executives of listed companies ; Les rémunérations des dirigeants des sociétés cotées suscitent un vif débat tant sur leur montant que sur les principes guidant leur détermination. Ce débat est souvent intensifié par une forte médiatisation prompte à indigner l'opinion publique et à inciter le législateur à se saisir de la question. Celui-ci cherche alors à encadrer les pratiques litigieuses tantôt en imposant des mesures impératives, tantôt en favorisant l'autorégulation. La présente étude a pour ambition d'apprécier la pertinence et l'efficacité de l'ensemble de ces ...

The outbreak of COVID-19 evoked a heated discussion of its drivers and extensive impacts on achieving sustainable development goals. Considering the deepening global interconnectedness and complex human–environment interactions, it calls for a clarity of the two concepts of risk governance and sustainability and their relationships. In this paper, a comprehensive review was provided based on scientometric analysis. A total number of 1156 published papers were studied and a considerable increase of interest in this line of research was found. The research outputs show the interdisciplinary feature of this field but with a focus on environmental issues. The journal "Sustainability" was found to be the most productive journal. Geographic and institutional focus on the line of research were also visualized. Five salient research themes were identified as follows: (1) Resilience and adaptation to climate change ; (2) Urban risk governance and sustainability ; (3) Environmental governance and transformation ; (4) Collaborative governance and policy integration ; and (5) Corporate governance and sustainability. This paper provides insights into the heterogeneity of the risk governance and sustainability research. Additionally, the study unveiled the implicit relationship linking risk governance and sustainability: risk governance can be a process of participation and coordination, and a means of coping with the uncertainty and complexity to achieve sustainable outcomes. On the other hand, risk governance is a constant aim to be optimized in the process of sustainable development.

Companies are increasingly expected to take responsibility for negative effects related to their value creation activities. In this doctoral dissertation, the responsibility a business firm has for the harmful social, ecological and economic effects stemming from its value creation activities is subsumed under the notion of value chain responsibility (VCR). Taking value chain responsibility is already a challenging and continuous endeavor. Yet, to complicate matters further, the external environment in which companies are running their value creation activities and VCR efforts is complex and challenging. In more detail, this dissertation focuses on two phenomena in the firm's environment which considerably affect its VCR activities: the fragmentation of sustainability governance and the changing VCR expectations of stakeholders. Fragmented sustainability governance describes how the regulatory environment in which firms operate their business and conduct VCR activities is increasingly shaped by multiple and different governance actors (such as NGOs and companies) and governance instruments (such as voluntary sustainability standards and schemes). This fragmentation of the 'rules of the game' for businesses can have ambivalent consequences for the company's capability to take VCR. Changing VCR expectations of stakeholders describe how stakeholders draw attention to detrimental social, ecological and economic issues affiliated with the firm's value chain operations and thus demand action from the firm to resolve precisely these issues. Both phenomena have in common that they a) require the firm to draw attention to changes in its external environment and b) potentially result in or call for internal changes within the firm, e.g. regarding the way a firm manages its business operations and addresses sustainability challenges. Against this background, the overall objective of this paper-based dissertation is to expand our understanding how companies can take value chain responsibility in environments shaped by ...

The executive remuneration policy of financial institutions has been indicated as one of the key factors that led to the recent financial crisis. As a consequence a number of legislative initiatives and best practices have been imposed,aimed at strengthening existing and creating new standards of good corporate governance at banks. The purpose of this article is to assess the effectiveness of Poland's new regulations concerning banks' executive pay, which were introduced in the aftermath of the recent financial crisis. The research results indicate that the new legal rules have not been fully enforced. Public banks in Poland are not fulfilling the reporting obligations imposed by law and international principles. Given the crucial importance of executive remuneration policy in the financial sector to the stability of the banking sector, the inability to evaluate the progress made in the adjustment of executive remuneration practices to the new regulations may be perceived as one of the important risk factors that has not been effectively eliminated or even reduced in Poland yet.