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Using Friedman To Understand The Relationship Between Market Competition And Corporate Social Performance
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Book Synopsis Using Friedman to Understand the Relationship Between Market Competition and Corporate Social Performance by : Athanasios Chymis
Download or read book Using Friedman to Understand the Relationship Between Market Competition and Corporate Social Performance written by Athanasios Chymis and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Corporate Social Performance (CSP) literature focuses on the relationship between financial performance and social performance of firms. Although the literature recognizes a positive relationship between these two ideas, it is not clear what role competition plays, since there is confusion in the literature about the theoretical relationships among these factors. Competition is expected to be an important factor because Friedman's writings on corporate social responsibility stated that firms have only one social responsibility, and that responsibility is conditioned on the nature of competition in the industry. This research extends the CSP literature by examining how competition affects CSP. This study points out a reason for the confusion in the literature. It is that the CSP literature does not explicitly include in its theory and empirical analyses the role of incentives, as created by competition. Rather, CSP only takes into account the resources (i.e. financial performance) force, largely ignoring the role of competition as expressed by Friedman. Competition offers the incentives for firms to engage in social performance. Competition at the same time reduces profits depriving thus firms form the second major force, that is, necessary resources to invest in social performance. Thus, incentives and resources, as affected by competition, are limiting factors on each other. I suggest that the difference between Freidman and CSP lies on the grounds of mere definition. Friedman's major argument was to promote free and open competition abiding to the legal and ethical rules of the society. This argument escaped the attention of CSP literature and it is an argument that can be used to actually bridge CSP and Friedman. I propose that CSP and Friedman are not two competing theories but they need one another in order to create a better and more complete theory of CSP.
Book Synopsis Beyond the Bottom Line by : Milenko Gudic
Download or read book Beyond the Bottom Line written by Milenko Gudic and published by Routledge. This book was released on 2020-09-10 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond the Bottom Line: Integrating the UN Global Compact into Management Practice is the first book to look at how the Ten UN Global Compact Principles and the sustainability agenda can be incorporated into business practice. The UN Global Compact is the largest corporate sustainability initiative and, with over 12,000 participating organizations, provides a major influence on global business sustainability practices. Its mission is to guide organizations in how to (1) do business responsibly by aligning their strategies and operations with Ten Principles on human rights, labour, environment and anti-corruption; and (2) take strategic actions to advance broader societal goals, such as the UN Sustainable Development Goals, with an emphasis on collaboration and innovation. This new book addresses head-on some of the most persistent managerial challenges faced by businesses and organizations today. To what extent are businesses able to practice responsible management with regard to the Ten Principles of the UN Global Compact? How can managers of organizations comprehensively and pragmatically address the risks and responsibilities concerning these complex and changing issues in their policies and practice? It also offers a platform for academics to confront some of the most intriguing intellectual challenges on this topic.
Book Synopsis Human Rights and Business by : Denise Wallace
Download or read book Human Rights and Business written by Denise Wallace and published by Martinus Nijhoff Publishers. This book was released on 2014-11-27 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the ever more urgent question as to whether individuals, indigenous peoples or other vulnerable groups should be entitled to remedies under international law for violations of their human rights by transnational corporations. Using the tools of policy-oriented jurisprudence, the author analyzes, in great historical and cross-cultural detail, the various claims involved, including the status of corporations and their purpose and growth beyond borders in the era of globalization; countervailing demands for respect and rights of individuals and groups; the changing role of the nation-state in international law; movements for corporate social responsibility and corporate accountability; trends in decision both domestically and internationally; as well as voluntary codes. Her appraisal of past decisions and suggestions leads her to conclude that only binding international legal remedies against transnational corporations can fully address the legitimate claims of individuals or groups.
Book Synopsis Capitalism and Freedom by : Milton Friedman
Download or read book Capitalism and Freedom written by Milton Friedman and published by University of Chicago Press. This book was released on 2020-09-22 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of TIME magazine’s All-TIME 100 Best Nonfiction Books One of Times Literary Supplement’s 100 Most Influential Books Since the War One of National Review’s 100 Best Nonfiction Books of the Century One of Intercollegiate Studies Institute’s 50 Best Books of the 20th Century How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of an immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. First published in 1962, Friedman’s Capitalism and Freedom is one of the most significant works of economic theory ever written. Enduring in its eminence and esteem, it has sold nearly a million copies in English, has been translated into eighteen languages, and continues to inform economic thinking and policymaking around the world. This new edition includes prefaces written by Friedman for both the 1982 and 2002 reissues of the book, as well as a new foreword by Binyamin Appelbaum, lead economics writer for the New York Times editorial board.
Book Synopsis Corporate Social Performance by : Agata Stachowicz-Stanusch
Download or read book Corporate Social Performance written by Agata Stachowicz-Stanusch and published by IAP. This book was released on 2015-08-01 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporatee Social Performance: Paradoxes- Pitfalls and Pathways to the Better World is authored by a range of international experts with a diversity of backgrounds and perspectives and provides a collection of ideas, examples and solutions on CSP implementation and problems that occur in this area of consideration. The last decade had abundant corporate, national and international ethical and financial scandals and crises. After this epoch of moral catastrophes stakeholders expect that corporations which are considered as the most powerful institutions today and which have enormous impact on our planet’s ecosystems and social networks will take more active roles as citizens within society and in the fight against some of the most pressing problems in the world, such as poverty, environmental degradation, defending human rights, corruption, and pandemic diseases. Although Corporate Social Performance (CSP) has been a prominent concept in management literature and in the business world in recent years "it remains a fact that many business leaders still only pay lip service to CSR, or are merely reacting to peer pressure by introducing it into their organizations." (Bevan et al. 2004:4). So do really companies do “well” by doing “good” or maybe” companies engage in CSR in order to offset corporate social irresponsibility’? (Kotchen and Moony, 2012 p.4). I hope that we would agree that companies and CSR only by working together guarantee their own survival and we- the society and the planet -will be much obliged (Thomé, 2009 p. 3).
Book Synopsis Book Review: Capitalism and Freedom by Milton Friedman by : 50Minutes,
Download or read book Book Review: Capitalism and Freedom by Milton Friedman written by 50Minutes, and published by 50Minutes.com. This book was released on 2019-04-04 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide. Capitalism and Freedom outlines the Nobel Prize-winning economist Milton Friedman’s views on the relationship between economics and politics. Specifically, he believes that economic freedom is necessary both in and of itself, and because it is inextricably linked to political freedom. He applies this insight to a host of contemporary problems to argue that the situation could be improved by what he refers to as “competitive capitalism”. Capitalism and Freedom has sold hundreds of thousands of copies since it was first published in 1962, and was described by The Times Literary Supplement as “one of the most influential books published since the war”. Friedman himself was one of the most influential economists of the 20th century, and his ideas have been adopted by governments around the world. This book review and analysis is perfect for: • Students of economics and politics • Anyone with an interest in the history of economic thought • Anyone looking to understand the role of the government in the economy About 50MINUTES.COM | BOOK REVIEW The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.
Book Synopsis People and Profits? by : Joshua Daniel Margolis
Download or read book People and Profits? written by Joshua Daniel Margolis and published by Psychology Press. This book was released on 2001-04-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the relationship between the social performance of companies and their financial performance? More colloquially, can a firm effectively attend to both people and profits as it conducts its business? This question has been investigated in no fewer than 95 empirical studies published since 1972. The authors have assembled a compendium of this research to give researchers and practitioners alike a broad overview of these 95 studies and a systematic database detailing the content of each one. This book provides a comprehensive portrait of this research literature. It begins with a broad orientation to the literature, exploring why the link between social and financial performance has been subject to continual inquiry and often heated debate. The authors then present an integrated overview of the 95 studies. Through the charts and tables, the authors illuminate the nature of the studies conducted; the data samples selected for investigation; the ways in which financial and social performance have been measured; and the overall tally of results.
Book Synopsis The Association Between Corporate Social Performance and Financial Performance in the Market by : Ali Mohamed El-Gawhary
Download or read book The Association Between Corporate Social Performance and Financial Performance in the Market written by Ali Mohamed El-Gawhary and published by . This book was released on 1979 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dissertation Abstracts International by :
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 2007 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Firm Value by : Paolo Saona Hoffmann
Download or read book Firm Value written by Paolo Saona Hoffmann and published by BoD – Books on Demand. This book was released on 2018-08-01 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume aims to discuss the most contemporary state of the determinants of the firm value. This book presents theoretical works as well as empirical studies that contrast the arguments offered by the leading, ground-breaking theories on the firm value. What variables determine the firm value? Are these determinants controllable or uncontrollable by the managers of the companies? Is the impact of corporate governance systems on the firm value symmetrical between different institutional contexts? Do the financial reports affect the value of the firm? What role does corporate social responsibility play as a determinant of the firm value? These and other questions are analyzed and scrutinized step by step throughout this book.
Book Synopsis Choosing Leadership by : Linda Ginzel
Download or read book Choosing Leadership written by Linda Ginzel and published by Agate Publishing. This book was released on 2018-10-16 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choosing Leadership is a new take on executive development that gives everyone the tools to develop their leadership skills. In this workbook, Dr. Linda Ginzel, a clinical professor at the University of Chicago’s Booth School of Business and a social psychologist, debunks common myths about leaders and encourages you to follow a personalized path to decide when to manage and when to lead. Thoughtful exercises and activities help you mine your own experiences, learn to recognize behavior patterns, and make better choices so that you can create better futures. You’ll learn how to: Define leadership for yourself and move beyond stereotypes Distinguish between leadership and management and when to use each skill Recognize the gist of a situation and effectively communicate it with others Learn from the experience of others as well as your own Identify your “default settings” and become your own coach And much more Dr. Linda Ginzel is a clinical professor of managerial psychology at the University of Chicago’s Booth School of Business and the founder of its customized executive education program. For three decades, she has developed and taught MBA and executive education courses in negotiation, leadership capital, managerial psychology, and more. She has also taught MBA and PhD students at Northwestern and Stanford, as well as designed customized educational programs for a number of Fortune 500 companies. Ginzel has received numerous teaching awards for excellence in MBA education, as well as the President’s Service Award for her work with the nonprofit Kids In Danger. She lives in Chicago with her family.
Book Synopsis Dictionary of Corporate Social Responsibility by : Samuel O. Idowu
Download or read book Dictionary of Corporate Social Responsibility written by Samuel O. Idowu and published by Springer. This book was released on 2015-02-03 with total page 623 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a concise and authoritative reference work and dictionary in the field of corporate social responsibility, sustainability, business ethics and corporate governance. It provides reliable definitions to more than 600 terms and concepts for researchers and professionals alike. By its definitions the dictionary helps users to understand the meanings of commonly used terms in CSR, and the roles and functions of CSR-related international organizations. Furthermore, it helps to identify keynotes on international guidelines, codes and principles relevant to CSR. The role of CSR in the business world has developed from a fig leaf marketing front into an important and indispensable aspect of corporate behavior over the past years. Sustainable strategies are valued, desired and deployed more and more by relevant players in business, politics, and societies all over the world. Both research and corporate practice therefore see CSR as a guiding principle for business success.
Book Synopsis On Milton Friedman by : Milton Friedman
Download or read book On Milton Friedman written by Milton Friedman and published by Vancouver, B.C., Canada : Fraser Institute. This book was released on 1982 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Oxford Handbook of Corporate Social Responsibility by : Andrew Crane
Download or read book The Oxford Handbook of Corporate Social Responsibility written by Andrew Crane and published by Oxford Handbooks Online. This book was released on 2008-02-14 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: CSR encompasses broad questions about the changing relationship between business, society, and government. An authoritative review of the academic research that has both prompted, and responded to, these issues, the text provides clear thinking and perspectives on CSR and the debates around it.
Book Synopsis Competition and Growth by : Philippe Aghion
Download or read book Competition and Growth written by Philippe Aghion and published by MIT Press. This book was released on 2008-01-25 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.
Book Synopsis Corporate Social Irresponsibility by : Ralph Tench
Download or read book Corporate Social Irresponsibility written by Ralph Tench and published by Emerald Group Publishing. This book was released on 2012-11-29 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate social responsibility (CSR) has become an increasingly heated topic since the 1980s. This title proposes that the concept of Corporate Social Irresponsibility (CSI) offers a better theoretical platform to avoid the vagueness, ambiguity, arbitrariness and mysticism of CSR.
