Value, Values and Sustainability: Corporate Responsibility in Emerging Market Companies

2006 ◽  
Author(s):  
Jeremy Baskin
Keyword(s):  
Corporate Responsibility ◽  
Emerging Market

scholarly journals Corporate Responsibility Disclosure, Information Environment and Analysts’ Recommendations: Evidence from Malaysia

2021 ◽  
Vol 13 (6) ◽  
pp. 3568
Author(s):  
Wan Nordin Wan-Hussin ◽  
Ameen Qasem ◽  
Norhani Aripin ◽  
Mohd Shazwan Mohd Ariffin
Keyword(s):  
Corporate Responsibility ◽  
Family Firms ◽  
Emerging Market ◽  
Information Environment ◽  
Least Square ◽  
Family Control ◽  
Analyst Behavior ◽  
Ordinary Least Square Regression ◽  
Big Four ◽  
Csr Engagement

The purpose of this study was to extend our understanding of how corporate social responsibility (CSR) disclosures impact capital market participants, specifically sell-side analysts. The sample of this study was based on a dataset from a panel of 285 Malaysian firms for the period of 2008–2013 (738 firm-year observations). This study employed ordinary least square regression. This study found that firms with better CSR disclosures are more likely to receive optimistic investment recommendations. Subsample analyses revealed that the CSR-recommendation nexus is more pronounced under a transparent information environment (i) when there is less family control and (ii) when a firm is audited by a prominent Big Four auditor. The results implied that analysts tend to give favorable stock recommendations to high CSR companies operating in a more transparent information environment. To gain analysts’ confidence and make them more appreciative of the CSR disclosures, family firms with proactive CSR engagement are encouraged to switch to Big Four auditors or to seek assurance on their CSR reports. This study broadens our understanding of the factors influencing analysts’ recommendations and the preferences of analysts towards CSR engagement in an emerging market. This paper expands the literature on how corporate responsibility disclosures impact analysts’ final output, as reflected in the recommendation opinion, an area that has so far received little attention, particularly in emerging markets. Furthermore, this study also provides fresh evidence that analyst behavior towards CSR disclosures varies based on the strength of the firm’s information environment.

Corporate Responsibility

2012 ◽  
Author(s):  
Archie B. Carroll ◽  
Kenneth J. Lipartito ◽  
James E. Post ◽  
Patricia H. Werhane ◽  
Kenneth E. Goodpaster
Keyword(s):  
Corporate Responsibility

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

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