Stakeholder theory has gained currency in the business and society literature in recent years in light of its practicality from the perspective of managers and scholars. In accounting for the recent ...ascendancy of stakeholder theory, this article presents an overview of two traditional conceptualizations of corporate social responsibility (CSR) (Carroll: 1979, 'A Three-Dimensional Conceptual Model of Corporate Performance', The Academy of Management Review 4(4), 497-505 and Wood: 1991, 'Corporate Social Performance Revisited', The Academy of Management Review 16(4), 691-717), highlighting their predominant inclination toward providing static taxonomic CSR descriptions. The article then makes the case for a stakeholder approach to CSR, reviewing its rationale and outlining how it has been integrated into recent empirical studies. In light of this review, the article adopts a stakeholder framework - the Ethical Performance Scorecard (EPS) proposed by Spiller (2000, 'Ethical Business and Investment: A Model For Business and Society', Journal of Business Ethics 27, 149-160) - to examine the CSR approach of a sample of Lebanese and Syrian firms with an interest in CSR and test relevant hypotheses derived from the CSR/stakeholder literature. The findings are analyzed and implications drawn regarding the usefulness of a stakeholder approach to CSR.
This paper studies government reactions to large corporate merger attempts in the European Union during 1997 to 2006 using hand-collected data. We document widespread economic nationalism in which ...the government prefers that target companies remain domestically owned rather than foreign-owned. This preference is stronger in times and countries with strong far-right parties and weak governments. Nationalist government reactions have both direct and indirect economic impacts on mergers. In particular, these reactions not only affect the outcome of the mergers that they target but also deter foreign companies from bidding for other companies in that country in the future.
With the ongoing and expanding use of willed bodies in medical
education and research, there has been a concomitant rise in the need for willed
bodies and an increase in the means of supplying these ...bodies. A relatively
recent development to enlarge this supply has been the growth of for‐
profit willed body companies (“body brokers”) in the United States.
These companies advertise for donors, cover all cremation and other fees for the
donor, distribute the bodies or body parts nationally and internationally, and
charge their users for access to the body or body parts. In doing so, they
generate substantial profits. This review examines the historical development of
willed body programs, the legal and economic aspects of willed body programs, and
then provides an ethical framework for the use of willed bodies. The ethical
principles described include detailed informed consent from the donors,
comprehensive and transparent information about the process from the body
donation organizations, and societal input on the proper and legal handling of
willed bodies. Based on the ethical principles outlined, it is recommended that
there be no commercialization or commodification of willed bodies, and that
programs that use willed bodies should not generate profit.
The legitimate use of force is generally presumed to be the realm of the state. However, the flourishing role of the private sector in security over the last twenty years has brought this into ...question. In this book Deborah Avant examines the privatization of security and its impact on the control of force. She describes the growth of private security companies, explains how the industry works, and describes its range of customers – including states, non-government organisations and commercial transnational corporations. She charts the inevitable trade-offs that the market for force imposes on the states, firms and people wishing to control it, suggests a new way to think about the control of force, and offers a model of institutional analysis that draws on both economic and sociological reasoning. The book contains case studies drawn from the US and Europe as well as Africa and the Middle East.
Purpose
Through the human resources (HR) and knowledge management (KM) perspective as human-centric processes, the aim of this study is to explore how companies’ engagement in diversity (DIV), ...inclusion (INC) and people empowerment (PEMP) policies influences companies’ organizational performance, to support organizations in the shift to the Industry 5.0 framework.
Design/methodology/approach
Combining the HR management and the KM-driven organizational culture, a conceptual model is proposed for explaining companies’ higher organizational performance. Proposed hypotheses are tested with reference to a set of listed international companies traced by Refinitiv on a five-year time horizon (2016–2020) through 24,196 firm-year observations.
Findings
This research shows that companies engaged in DIV policies, INC practices and PEMP through education have higher profitability and are more valued by capital markets’ investors.
Originality/value
This paper draws attention to the need to overcome the reductionist view of HR and rethink KM architecture to cope with the growing challenge of HR integration according to the Industry 5.0 paradigm.
Algorithms are becoming ubiquitous. However, companies are increasingly alarmed about their algorithms causing major financial or reputational damage. A new industry is envisaged: auditing and ...assurance of algorithms with the remit to validate artificial intelligence, machine learning, and associated algorithms.
CHALLENGES OF ISLAMIC INSURANCE Abidi, Ilyes; Nsaibi, Mariem; Regaieg, Boutheina
International journal of economics and financial issues,
01/2020, Letnik:
10, Številka:
4
Journal Article
Recenzirano
Odprti dostop
The aim of this paper is to study the stability of insurance companies. The majority of works on this topic has focused on the determinants of financial stability. Therefore, they interested in the ...Z-score, focused on the ROA, as well as the panel method. Unlike previous work, we have formed a score made up of indicators of efficiency, effectiveness, profitability, solvency, productivity, investment and risk, as well as macroeconomic indicators. Our sample consists of 30 insurance companies, 15 of which are shariaa compatible. The choice of these companies is justified by their contribution to the total assets of the both types of finance. This selection method allowed us to have a global idea on the effectiveness, efficiency, risk and stability of the two insurance sectors. The analysis of the stability scores, determined using the scoring and logit transformation method, revealed that Islamic insurance companies are more stable than conventional insurance companies. From a risk perspective, Islamic insurance companies are less risky than conventional insurance companies. They lose, on average, 1.598% of their assets against 3.704% for conventional insurance companies. This observation related to three types of risk, namely; liquidity risk, market risk and credit risk. Furthermore, this empirical investigation revealed that takaful companies are not immune to the toxic funds of the crisis. Likewise, we note that Islamic insurance companies are sensitive to political shocks such as that of the Arab revolutions that took place in 2011.
Social enterprise has gained widespread acclaim as a tool for addressing social and environmental problems. Yet because social enterprises integrate social welfare and commercial logics, they face ...the challenge of pursuing frequently conflicting goals. Studies have begun to address how established social enterprises can manage these tensions, but we know little about how, why, and with what consequences social entrepreneurs mix competing logics as they create new organizations. To address this gap, we develop a theoretical model based in identity theory that helps to explain (1) how commercial and social welfare logics become relevant to entrepreneurship, (2) how different types of entrepreneurs perceive the tension between these logics, and (3) what implications this has for how entrepreneurs recognize and develop social enterprise opportunities. Our approach responds to calls from organizational and entrepreneurship scholars to extend existing frameworks of opportunity recognition and development to better account for social enterprise creation.
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