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Environmental, social and governance factors are becoming increasingly significant for comprehensive firm valuation. These factors are, however, of a qualitative nature and therefore difficult to express in numerical figures. Consequently, disclosure and the relevancy thereof to investors are problematic. This article analyzes a breakthrough instrument which facilitates the quantification and representation of such data against the background of international institutional efforts aiming to promote standardized qualitative reporting for extra-financial information.
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..., and greater individual wealth, all indicators of a country's level of development, have been arg... Stability, a measure of country-level governance derived by the World Bank. . Archibugi and Coco (2...
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The previous articles described police systems and reforms implemented in three countries. In this final article, the authors explore the similarities and differences in the police systems of these three countries, focusing specifically on the organization of the police forces and their governance systems. Section 2 examines what the starting point for police reforms is and how the shifts brought about by successive police reforms can be assessed. In Section 3, they ask if there is a common pattern in the way these four police systems have evolved, or whether it is more appropriate to talk of a hodgepodge of developments. We end their paper in Section 6 by discussing their expectations of the future of police systems in the three countries and by raising the question of whether there is...
... are linked to a system of performance indicators. Management methods, administration and informatio...
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... two measures are based on the World Governance Indicators (see Kaufmann et al. 2007). There are s...
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The financial crisis is a crisis of governance as well. In search of answers and solutions many scholars and practitioners recommend improved output control, i.e. better external incentives or even stricter regulations. Monasteries demonstrate that alternative models may be more suitable to enhance sustainable governance quality and to reduce agency problems. In the long history of monasteries, some abbots and monks were known to line their own pockets and some monasteries were undisciplined. Monasteries developed special systems to combat these excesses thus ensuring their survival over centuries. We study these features from an economic perspective. Derived from an analysis of the Benedictine monastery of Engelberg we offer three improvements of applied governance designed to reduce a...
... the Benedictine system with different indicators and in a quantitative manner. Abbots play the key ...
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... e.g., proposed that the home country's governance moderates the I-P relationship for EM MNEs and sug... predominantly on economics-related indicators. For instance, Neumeyer and Perri (2005) defined a...
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... of the German Corporate Governance Code, particularly with a view to caps on severanc... remuneration with long-term assessment indicators. Bonuses and special payments shall not depend on ...
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..., cultural distances, and the chosen governance mode influence the success of offshoring activitie... of foreign entities based on financial indicators as return on assets, etc. that rely on published o...
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This study examines effects of structurally anchored organizational democracy on perceived sociomoral atmosphere and on employees' prosocial, democratic behavioral orientations. Data result from the ODEM research project. Beside a description of the concept of sociomoral atmosphere, within this project, 30 small and medium sized enterprises from Austria, North Italy, South Germany, and Liechtenstein (542 participants) were surveyed with questionnaires, interviews, and document analyses. Based on organizational science criteria, several types of enterprises were derived and pooled into three groups of structurally anchored organizational democracy (no, medium, and high democracy). Multivariate group analyses show significant differences between those groups in parts of their prosocial an...
... prosocial orientations encompasses the indicators prosocial work behaviour, perspective-taking and e..., shared responsibility for collective governance, readiness to reflect and to legitimate one's own ...
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..., changes in political and economic indicators could affect a firm's GAM competitiveness and its ...Do formal contracts and relational governance function as substitutes or complements? Strategic ...