• Investments for a Greener Future

    Mihai Răducan
    ROMRADIATOARE

    With help from Norway Grants, ROMRADIATOARE has invested in modern and innovative technologies for improved environmental performance.  more[...]

    The Author
     

  • It Is Time For A Social Stock Exchange

    Prof Muhammad Yunus, Yunus Centre

    Many of the problems in the world today persist because of a too-narrow interpretation of capitalism. Most businesses today are run based on the assumption that people are selfish and interested solely in maximizing their own profit. This is a very one-dimensional view of humans who in reality are very multidimensional. As much as selfishness is part of us, so is selflessness, but the selfless dimension is not taken into account in economic theory.  more[...]

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    Prof Muhammad Yunus, Yunus Centre 
     

  • Corporate Social Responsibility and Stock Market Efficiency

    Prof. Leonardo Becchetti, University of Rome Tor Vergata
    Dr. Rocco Ciciretti, University of Rome Tor Vergata

    Leonardo Becchetti, Rocco Ciciretti and Alessandro Giovannelli investigates the relationship between Corporate Social Responsibility (hereafter CSR) and I/B/E/S Details analysts’ earnings per share (EPS) forecasts using a large sample of US firm forecasts for the 1997-2004 period. They shows that the net difference between CSR strengths and weaknesses significantly reduces both the absolute earning forecast error and its standard deviation after controlling for standard regressors and year, industry, and firm/broker effects. Their findings are consistent with the hypothesis that reduced transaction costs (and conflicts) with stakeholders and more transparent accounting practices implied by CSR significantly affect the bias.  more[...]  login_required

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  • Kuylenstierna, Johan

    Editorial Team

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    Editorial Team
     
 
 
 
 

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