Suchergebnisse

Purpose
Growing social concerns and ecological issues accelerate firms' environmental, social and governance (ESG) engagement. Hence, this study aims to advance the existing literature by focusing on the interplay between institutional and firm governance mechanisms for greater ESG engagement. More specifically, the authors investigate whether public governance stimulates excessive ESG engagement and whether corporate governance moderates this relationship.


Design/methodology/approach
Using a sample of 43,803 firm-year observations affiliated with 41 countries and 9 industries, the authors adopt a country, industry and year fixed-effects regression analysis.


Findings
The authors find that public governance strength via its six dimensions stimulates excessive ESG engagement. This implies that firms in countries with strong voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption are more motivated for ESG engagement. Furthermore, corporate governance negatively moderates the relationship between all public governance dimensions (except political stability) and excessive ESG engagement. This implies that public governance and corporate governance are substitutes for encouraging firms to commit to ESG. Further tests reveal that whereas these results in the baseline analyses are valid for developed countries, they are not valid in emerging markets.


Research limitations/implications
The findings support the interplay between institutional and agency theories. In countries with strong (weak) institutional mechanisms, corporate governance becomes weak (strong) in inciting greater stakeholder engagement. This implies that the public governance mechanism alleviates agency costs, rendering internal mechanisms of corporate governance noncompulsory for ESG engagement.


Practical implications
The findings suggest that emerging countries need to reinforce their institutions for greater accountability, regulatory quality and control of corruption, which will have a domino effect on firms in addressing stakeholder expectations. The results also advise emerging country firms to augment their internal monitoring mechanisms for greater stakeholder engagement, such as structuring boards and establishing corporate social responsibility mechanisms, committees and policies.


Originality/value
This study contributes to the recent literature investigating the role of corporate governance mechanisms in excessive ESG engagement. The study also explores whether public governance is associated with greater ESG involvement and provides a comprehensive analysis of the association between six indicators of public governance quality and excessive ESG practices in developed and emerging economies.

AbstractThis article examines how modes of governance are reconfigured as a result of using algorithms in the governance process. We argue that deploying algorithmic systems creates a shift toward a special form of design‐based governance, with power exercised ex ante via choice architectures defined through protocols, requiring lower levels of commitment from governing actors. We use governance of three policy problems – speeding, disinformation, and social sharing – to illustrate what happens when algorithms are deployed to enable coordination in modes of hierarchical governance, self‐governance, and co‐governance. Our analysis shows that algorithms increase efficiency while decreasing the space for governing actors' discretion. Furthermore, we compare the effects of algorithms in each of these cases and explore sources of convergence and divergence between the governance modes. We suggest design‐based governance modes that rely on algorithmic systems might be re‐conceptualized as algorithmic governance to account for the prevalence of algorithms and the significance of their effects.

Good Governance has been in argument from three decades in context of theoretical approach. It is specified and encompassed in Political Science of development in reverence of administrative component to achieve Social goals of society. The wide range of Good Governance topic has been understood to create an atmosphere of Accountability, Transparency, Rule of Law, Consensus orientation, Effectiveness and Efficiency so as to develop the region with international and national standards of the State. Good Governors relates to the institutional reformation Process and Political Will regarding Peace and sustainable development of the region.This research paper defines Good Governance with its all essential elements to achieve the development programs with the long range values, whereas, Political participation with the democratic ideas for achieving the goal of maintainable development of the region. The vision of good governance is discussed on boarder vision from institution to the state and Socio-economic factor is emphasized through the good governance reformative period.

Governance of public corporations in the United States has operated under the agency model with regulatory strengthening since the passage of Sarbanes‐Oxley legislation. With this foundation in place, boards are empowered to utilise their power and influence and can effectively monitor the actions of management, intervening where necessary. In effect, the rules of engagement embodied in the structure and the law guide interactions and empowerment. The governance model of the mutual funds industry, representing over 8 trillion dollars, is often viewed as a mirror of the corporate world, but upon closer analysis is found to have significant structural differences that dilute the authority of directors. The two models are compared and analysed with recommendations made to strengthen the oversight of mutual funds.

This paper examines the relationship between the monastic saṅgha and the Buddhist king as the dhammarājā in the context of good governance in the contemporary world, with a specific focus on the Cambodian perspective. Through an examination of the historical and philosophical foundations of Buddhist governance, it argues for the enduring relevance and applicability of these principles in today's diverse societies. A second line of argument explores how the saṅgha assembly, as a collective entity, contributes to the establishment of a just and harmonious society.
Keywords: Buddhist governance, Saṅgha, Dhammarājā, Dhammādhippateyya, Dhammocracy, Pāramī, Cambodia.