Suchergebnisse

This paper reviews the definitions of Corporate Social Responsibility (CSR) as they have evolve over time. It traces the origins of the concept and creates a theoretical framework for international use, thus having the benefit of applicability in both developing as well as developed economies. The models of Carroll and Visser are integrated to produce The International Pyramid Model of CSR, which acknowledges the relative importance of economic, glocal, legal and ethical, and philanthropic aspects of the CSR concept. The primary innovation in the International Pyramid is the development of 'glocal' responsibilities, relating to the environment, socio-cultural matters, technology users, and political rights. Additionally, the International Pyramid condenses Carroll (Business Horizons 34(4):39-48, 1991) pyramid such that the separate legal and ethical responsibilities are merged into one 'legal and ethical' obligation. Furthermore, it offers flexibility by acknowledging that the various responsibilities it embodies can shift up or down the pyramid as priorities change, which is inevitable as businesses and economies differ cross-sectionally, and over time.

Libya is a developing country and it has a unique culture, as any other country, with a significant position as the second largest oil producer in Africa. It has experienced dynamic changes over a short period of time. The aim of this study is to investigate the collapse of Gadhafis regime in Libya has opened up space for new regional tensions over greater economic power and political representation, with hydrocarbon resources often used as a bargaining chip. There have been severe tensions surrounding the possible relocation of the headquarters of the National Oil Corporation (NOC) from Tripoli to Benghazi. The excessive oil profits are being taken away by foreign oil companies. Apart from that the foreign oil companies collude with corrupt government officials to disobey environmental laws. In the light of these problems, the thesis argued that Libyas oil resource is nothing but a curse and not a blessing. The situation has gone from bad to worse because too much emphasis has been placed on long term measures instead of short-term solutions. This is not more than scratching the surface while the substance of the problem is left untouched. To achieve the aim and particular objectives of the study it was necessary to utilize more than one research method. Firstly, a descriptive method is used to provide an overview of accounting and its environment in a developing country, and the economic, social and political environment in Libya. Secondly, we choose John Rawls method of justice because it is designed to provide proposals which people cannot reasonable reject if they are committed to advance the welfare of everyone. In particular, it seeks to map the current idea which will be to develop short-term measures that no member of the current conflicts can reasonably object. The content analysis showed that the Libyan government can approach the Eastern Libya oil crisis in a short-term course. The study argued that short-term justice will help to provide the immediate needs of tens of millions of neglected and impoverished citizens of Eastern Libya region in the meantime while the government continue to work on long-term solutions to her problems. The findings from the method of justice as propounded by John Rawls to produce specific short-term solutions that will solve the problem of economic injustice, political marginalization, social conflicts, and revenue distribution imbroglio.

This paper debates how did fair-value accounting (FVA) that were deeply affected by the global financial crisis (GFC). The GFC that started in advanced economies spreading to emerging markets and low-income countries, which has been affected in the middle of 2007 and into 2009, as have various empirical studies which have examined the role of FVA in the GFC. In this paper, using the quantitative methodology where value-relevance of fair value estimates of assets and liabilities reported under FVA provided by FAS 157, in terms of a simple theoretical and empirical analysis literature framework. This empirical study proposed that this is not a normal cyclical crisis of capitalism but a global crisis, which requires a change in the management policy to be tackled with new regulatory frameworks for financial institutions in order to stimulate economic activities. In other words, FVA may have amplified the crisis. These findings could be fruitful and helpful for outside users of accounting reports and also for regulators and legislators in their attempts to constrain the incidence of earnings accounting practises and to enhance the quality of accounting information. Future research is needed to meet up-to-date information regarding the nature of capital markets and financial institutions. This requires a new theory of economics; for instance, a change from equilibrium theory to reflexivity theory which requires a change in the underlying model of the economic activity framework and valuation challenges that arise from the use of FVA in financial reporting.

This paper debates how did fair-value accounting (FVA) that were deeply affected by the global financial crisis (GFC). The GFC that started in advanced economies spreading to emerging markets and low-income countries, which has been affected in the middle of 2007 and into 2009, as have various empirical studies which have examined the role of FVA in the GFC. In this paper, using the quantitative methodology where value-relevance of fair value estimates of assets and liabilities reported under FVA provided by FAS 157, in terms of a simple theoretical and empirical analysis literature framework. This empirical study proposed that this is not a normal cyclical crisis of capitalism but a global crisis, which requires a change in the management policy to be tackled with new regulatory frameworks for financial institutions in order to stimulate economic activities. In other words, FVA may have amplified the crisis. These findings could be fruitful and helpful for outside users of accounting reports and also for regulators and legislators in their attempts to constrain the incidence of earnings accounting practises and to enhance the quality of accounting information. Future research is needed to meet up-to-date information regarding the nature of capital markets and financial institutions. This requires a new theory of economics; for instance, a change from equilibrium theory to reflexivity theory which requires a change in the underlying model of the economic activity framework and valuation challenges that arise from the use of FVA in financial reporting.