corporate social responsibility for supply chain management a literature review and bibliometric analysis corporate social responsibility csr in supply chain management scm has gained an increasing research attention in recent years extant studies have discussed stakeholder interests performance evaluation ethical sourcing and sustainable production the purpose of this paper is to develop a systematic study quantitatively depicting the knowledge structure and the intellectual progress of csr for scm this research adopts bibliometric analysis in conjunction with network analysis to systematically evaluate the csr related publications for scm the analysis involves 628 peer reviewed articles identified with careful selection of influential work data analytic techniques including citation analysis co citation analysis and co word analysis are used key findings for researchers include 1 an analytical discussion of the five sub fields that constitute the intellectual structure of csr for scm 2 theoretical and conceptual research significantly dominate in this field 3 the topics of sustainable development and economic and social effects are more frequently discussed among scholars 4 key research gaps include lacking of practical and normative modeling research and considering from the supplier perspectives in emerging economies the findings suggest that future research would emerge a greater depth of practical and modeling analysis to enrich the theories

is integrated reporting determined by a country s legal system an exploratory study in recent years companies responsibilities towards society have expanded significantly and former business models have been revised in line with a more pluralist approach which takes stakeholders sustainability business ethics and transparency into account these considerations are increasingly reflected in corporate sustainability reporting i e statements reflecting the impact of business practices related to economic environmental and social perspectives however the data contained in such documents are reported independently of the financial aspects implying a disconnection between the three pillars of business strategy in order to avoid this shortcoming some leading companies have developed integrated reporting which expresses the interconnections between a firm s strategy governance performance and prospects as well as the contexts within which it operates the aim of this paper is to examine the influence of one of the most important institutional factors the legal system on the development of integrated reports the analysis of a non balanced sample of 750 international companies for the years 2008 2010 in which a logit methodology is applied to panel data reveals the impact of this institutional factor the results show that companies located in civil law countries and where indices of law and order are high are more likely to create and publish a broad range of integrated reports thus favouring decision taking by the different stakeholders on the basis of these findings two policy recommendations are proposed first it may be necessary to establish national laws and protection mechanisms to promote and ensure holistic transparency second managers must be able to decide on the appropriate disclosure practices in the context of their own legal environment in order to obtain maximum benefits from their decisions the results should be considered as having only preliminary value due to the limited number of firms that disclose this typology of reporting and because of the limitations of the data sample

centralized bargaining and reorganized work are they compatible the paper examines the implications for wage bargaining of an important aspect of the ongoing reorganization of work the move from occupational specialization toward multi tasking the analysis shows how on account of such reorganization centralized bargaining becomes increasingly ine cient and detrimental to rms pro t opportunities since it prevents rms from o ering their employees adequate incentives to perform the appropriate mix of tasks the paper also shows how centralized bargaining inhibits rms from using wages to induce workers to learn how to use their experience from one set of tasks to enhance their performance at other tasks in this way the paper may also help explain the increasing resistance to centralized bargaining in various advanced market economies 2001 elsevier science b v all rights reserved

two sided uncertainty and up or out contracts a bilateral moral hazard problem provides a rationale for up or out employment contracts the employer sets a wage higher than opportunity cost to induce the worker to invest in firm specific capital if the individual does not make the grade it is in the firm s interest ex post to fire him had the initial arrangement not included provisions for firing individuals the firm would underreport the value of the employee wrecking the incentive scheme the basic model permits both firm and worker to be risk neutral therefore it admits a straightforward multiperiod extension which we also investigate

corporate campaign contributions repeat giving and the rewards to legislator reputation abstract are politicians who follow a strategy of reputational development rewarded with high levels of corporate campaign contributions reputational clarity could help to reduce uncertainty about a candidate and lead to greater campaign contributions from favored interests alternatively such clarity could alienate those who disagree and prevent the politician from obtaining contributions from groups on both sides of an issue we outline an approach that considers conditions under which a politician would or would not prefer reputational development and policy stance clarity and consistency in the context of repeat dealing with special interests our proxy for reputational development is the percentage of repeat givers to a legislator using data on corporate political action committee pac contributions to members of the u s house during the seven electoral cycles from 1983 84 to 1995 96 we explore a variety of alternative hypotheses and find that greater reputational development is rewarded with g

some talk money in politics a partial review of the literature the financing of political campaigns is an area of active scholarly study i review some of the recent literature and discuss important methodological issues that arise in empir ical research on campaign expenditures and campaign contributions the effects of campaign expenditures and advertising on candidate and ballot measure elections are summarized as are the impacts of contributions on contributors welfare many states have changed their campaign finance laws in the past few years and i describe work that exploits variations in these laws a discussion of the strategies used by interest groups to allocate their campaign contributions provides insights into contributors motives

economic growth and multiskilled workers in manufacturing this article analyzes the causes of workers multiskill training and based on a survey of manufacturing plants and workers in korea concludes that multiskill capability arises from specific on the job training paid for by the firm i describe various aspects of multiskilled workers and set up a theoretical model in which multiskilled workers are assumed to be more productive than specialized workers for producing a new product but less productive for producing an existing product the model entails several implications including a positive cross sectional correlation between the proportion of multiskilled workers and the growth rate of labor productivity

inter linking issues and dimensions in sustainability reporting during the last decade sustainability reporting sr has been increasingly adopted by corporations worldwide this is evidenced by the adoption of several guidelines such as the iso 14000 series the social accountability 8000 standard and the gri sustainability guidelines sr shows promise to help corporate leaders and their employees to contribute towards achieving sustainable societies however most of the guidelines and standards address sustainability issues through comparmentalisation thereby leading to the separation of the economic environmental and social dimensions due to these divisive approaches holistic assessments of the effects of their efforts are seldom properly integrated into coporate decisions and procedures to make improvements for example through cleaner production worker health and safety consumer safety and reductions in the negative short and long term social and environmental impacts this paper analyses sr reports from three companies with the help of grounded theory s constant comparative analysis this analytical framework helped the authors to systematically assess the degree to which the companies addressed economic ecological and social issues separately or in an integrated and inter linked manner from the inter linkages found a new category is proposed to be added to future sr this new category can help corporate sr planners and researchers on sustainability reports to better understand how the company leaders understand their responsibilities with regard to sd these inter connectednesses are highly relevant in many short and long term dimensions of supply chain management global warming ecological disruption and societal equity issues especially with regard to the local national and global energy issues of fuels and oils the central themes of the conference at which this paper was originally presented it also plays a key role in real long term changes towards sustainability where the time dimension plays a key role in human survival on planet earth

ex ante versus ex post optimal promotion rules the case of internal promotion i introduction the literature on promotion practices within the firm identifies two distinct roles for a firm s promotion policies promotions serve both as a way for the firm to efficiently assign workers to tasks and as a way for the firm to reward prior performance 1 in this article i explore the time inconsistency problem that arises as a result of the dual nature of the promotion decision in particular i show that the common practice of favoring internal candidates for promotion can be understood as a response by firms to the problem of time inconsistency 2 consider a firm in which promotions serve as a reward for prior expenditures of effort and or prior investments in human capital the optimal promotion policy for this firm depends on the time frame from which we view the problem the ex ante optimal promotion rule is the optimal rule when the problem is viewed from a date prior to young workers deciding to work at this firm this rule takes into account both the assignment aspects of the promotion decision and that promotions serve as a reward for prior performance there is a second relevant rule however because at the date of the promotion decision the effects of promotion serving as a reward for prior performance are in the past for example in a world where the possibility of future promotion serves to increase the effort levels of young workers by the time of the promotion decision those effort choices have already been made hence the ex post optimal rule only takes into account the assignment aspects of the promotion decision the time inconsistency problem that arises is now clear total profits are maximized when the firm follows the ex ante optimal promotion rule but in the absence of commitment this is not how the firm behaves at the time of the promotion decision the firm has an incentive to ignore the effects of promotion serving as a reward for prior performance and instead follow the ex post optimal rule in other words the profits of the firm are decreased because at the time of the promotion decision the firm maximizes current profits and the anticipation of this behavior by workers has deleterious effects on behavior in prior periods in this article i explore a specific example of this time inconsistency problem consider a firm s decision concerning whether to fill a managerial position by promotion from within or by hiring an outsider i show that when confronted with this decision the firm faces the exact situation described that is the ex post optimal rule shows no preference for promotion from within over hiring from the outside whereas the ex ante optimal rule exhibits a preference for promoting from within the logic here is that the possibility of receiving the higher managerial wage in the future reduces the wage required to attract young workers into the firm but only the ex ante optimal rule takes this into account the result is that in the absence of commitment the firm hires from the outside too often the conclusion is that the establishment of an internal labor market in which the firm favors promotion from within can be understood as a way that the firm avoids this time inconsistency problem this result extends a finding in malcomson 1984 that article also shows that an internal labor market in which hiring from the outside is restricted can arise in a world where promotion serves as a reward for prior performance in that work however there is no time inconsistency problem the reason is that malcomson assumes workers are homogeneous and thus at the time of the promotion decision it is weakly optimal for the firm to have all promotions be from within in contrast i assume that workers are heterogeneous and find that if the firm maximizes ex post profits it lowers total profits the result is an internal labor market that not only limits hiring from the outside but also constrains the firm to behave in a manner different from that which maximizes profits at the time the promotion decision is made

on the incentive effects of job rotation abstract a new employee may work hard to build his reputation this effect is greatest when he starts the longer he is employed at his job the more the firm will already have learned about his ability the incentives for an employee to influence the firm s perceptions of his ability decrease over time if rotating the employee to a different job leads to new uncertainty about his ability this generates a fresh impulse for effort however job rotation also reduces the employee s time horizon thus reducing future rents from reputation this trade off leads to a unique optimum we derive a simple rule of thumb for an optimal rotation time our main results still hold for cases of complete but imperfect information transmission the incentive effects of job rotation also prevail in a setting in which skills are job specific we study several extensions rotations across multiple employees absence of commitment to a rotation time different bargaining positions discounting over time and learning by doing effects

discussion of the influence of elections on the accounting choices of governmental entities kido petacchi and weber 2012 investigate whether the occurrence of a state gubernatorial election is important to understanding the accrual choices of preparers of the state s comprehensive annual financial report central to the authors argument is the idea that voters do not like budget deficits politicians in response have incentives to use accounting choices to mask deficits in the period before elections focusing on a specific accrual the changes in compensated absences liability the authors find evidence that the discretionary part of this accrual is smaller in the period before an election which is consistent with politicians attempting to improve the picture of the state s financial health in addition the authors show that accrual manipulation is positively associated with the vote share of incumbent governors in elections in my discussion i ask two questions 1 how strong are governors political incentives to manipulate accruals in the run up to elections 2 can the association between discretionary compensated absence accruals and elections be explained by forces other than politically motivated accounting manipulation i argue that the incentives to manipulate accruals might well be weak given strong disciplinary mechanisms that induce politicians to transparency what s more i document that elections might produce patterns in state employment as the compensated absences liability is linked to the payroll election induced changes in state employment might be reflected in this accrual evidence of an association between the compensated absences accrual and elections then does not necessarily imply that politicians manage accounting numbers to further illustrate this point i show empirically that gubernatorial elections have little explanatory power for state financial reporting choices that are unaffected by state employment jel classification h70 h72 m41

implications for gaap from an analysis of positive research in accounting based on extant literature we review the positive theory of gaap the theory predicts that gaap s principal focus is on control performance measurement and stewardship and that verifiability and conservatism are critical features of a gaap shaped by market forces we recognize the advantage of using fair values in circumstances where these are based on observable prices in liquid secondary markets but caution against expanding fair values to financial reporting more generally we conclude that rather than converging u s gaap with ifrs competition between the fasb and the iasb would allow gaap to better respond to market forces

towards an understanding of the role of standard setters in standard setting abstract we investigate the effect of standard setters in standard setting we examine how certain professional and political characteristics of fasb members and sec commissioners predict the accounting reliability and relevance of proposed standards notably we find fasb members with backgrounds in financial services are more likely to propose standards that decrease reliability and increase relevance partly due to their tendency to propose fair value methods we find opposite results for fasb members affiliated with the democratic party although only when excluding financial services background as an independent variable jackknife procedures show that results are robust to omitting any individual standard setter

exploring the applications of carbon footprinting towards sustainability at a uk university reporting and decision making abstract campus greening is often the first step universities take towards sustainability in order to infer the current level of environmental performance and the progress being made it is imperative that universities measure and report their campus greening efforts this paper shows that sustainability reporting can be a simple task and is of significant value for directing sustainable campus operations to do this environmentally extended input output analysis was used to derive the carbon footprint for the university of leeds being driven by financial data which is readily available to universities the assessment is easy to conduct and maintain through time environmentally extended input output analysis provides complete coverage of the campus system and thus accounts for the majority of emissions sources accordingly it enables comparisons of environmental performance to be made between institutions the reliability of comparisons falters when organisational boundaries vary between carbon footprints and thus in the interest of methodological consistency a framework should be established that defines universal organisational boundaries which universities must adhere to interviews with university procurement staff showed that carbon footprints can provide a screening assessment which identifies emissions hotspots in supply chains such as assessment is currently lacking and provides evidence of win win situations where emissions and costs can be reduced simultaneously although carbon footprinting considers only the environmental dimension of the triple bottom line it is recommended that universities intensify its application for the institutions themselves the results will be of significant practical value for directing initiatives such as sustainable procurement and for enhancing stakeholder engagement with the sustainability agenda whilst an increased application will help build much needed momentum for sustainability reporting overall

new approaches to cleaner production applying the sasi method to micro tanneries in colombia the literature on micro and small sized enterprises in developing countries shows their existential difficulties this is particularly true for those in marginal areas with multiple challenges including pollution prevention environmental agencies tend to require capital intensive end of pipe solutions or regulatory measures that close down polluting enterprises both knowledge of and interest in how to make poor micro enterprises more sustainable are needed this paper addresses this by a developing a problem driven and context oriented systematic approach to social inclusion sasi method and b applying it successfully in the context of micro tanneries in villapinzon colombia over a period of eight years the concept of cleaner production was systematically integrated into this method that was inspired by lewin s theory of change and insights from negotiation and conflict resolution the results show that cleaner production implementation needs comprehensive systemic policy mechanisms based on participatory approaches taking into account the socio economic constraints of the micro industries that combine supportive capacity building and command and control policies moreover rules encouraging cleaner production need to be sensitive to the regulatory context in which it is applied which in this case concerned land use planning and zoning regulations the sasi approach effectively encouraged micro tanners to make their industries more viable and clean while it simultaneously convinced the environmental agency to recognise and value these industries this paper argues that integrating cleaner production in sasi is a learning and socio technical change process urgently needed for micro industries

an ecosystem service dominant logic integrating the ecosystem service approach and the service dominant logic abstract natural and business ecosystems are complex and dynamic service systems that interact through the utilization of ecosystem service offerings for human well being currently natural and business sciences have not developed a shared and common set of service based terms or concepts for discussing ecosystem service offerings in the process of value co creation in this study the ecosystem service approach was compared with marketing science s service dominant logic the terminology and concepts were harmonized and the two approaches were then integrated into a service dominant value creation svc framework the incorporation of natural ecosystems includes accounting for the flow of positive and negative impacts through associated value networks therefore the term value in impact was proposed to describe these value flows a case study of the global forest based sector was then presented demonstrating how to discuss current research challenges using the proposed framework in conclusion a shared service dominant approach provides an opportunity for deeper inter disciplinary discussion between natural and business sciences this study represents a contribution towards the development of a holistic service science that includes consideration for natural ecosystems the svc framework also addresses many of the multidimensional challenges noted by previous sustainability frameworks

on addressing the dual and embedded nature of business and the route towards corporate sustainability abstract this article argues for greater attention to be paid to the dual and embedded nature of business we propose that a more inclusive systemic perspective is needed for the challenge of speeding up the application of inclusive corporate sustainability the key question is how an on going upward dynamic of transformative learning cycles can be achieved in practice the current practice of implementing sustainability management systems identifying key performance indicators reporting on sustainability policies and outcomes has a strong focus on the physical dynamics in companies and in the good cases in their value chain in many cases the three dimensions of issues time and place are only addressed partially we argue that the academic community needs to pay greater retro and prospective attention to the social intervention dynamics introducing checks on the assumed effects of social interventions in order to achieve a more balanced and inclusive corporate sustainability we need to link levels of the achievement of corporate sustainability goals more strongly with self assessment of the social dynamics in firms and their societal system

enacting ecological sustainability in the mnc a test of an adapted value belief norm framework undoubtedly multinational corporations must play a significant role in the advancement of global ecological ethics our research offers a glimpse into the process of how goals of ecological sustainability in one multinational corporation can trickle down through the organization via the sustainability support behaviors of supervisors we asked the question how do supervisors in a multinational corporation internalize their corporation s commitment to ecological sustainability and in turn behave in ways that convey this commitment to their subordinates in response we created a theoretical framework for supervisor sustainability support behavior based on stern et al human ecology review 6 2 81 97 1999 value belief norm vbn theory we then tested our framework by performing a survey based field study of supervisors in a multinational pharmaceutical company that has publicly professed a goal of ecological sustainability

earnings quality research advances challenges and future research abstract this discussion makes several observations regarding the earnings quality research reviewed in dechow ge and schrand 2010 dgs i discuss some of the factors that led to the large growth in the earnings quality literature over the past two decades and note a few of the important contributions from this literature i also present what i view as several major challenges the literature faces as well as some avenues for future research in addition i discuss the difficulties in evaluating such a diverse body of literature and comment on dgs s major conclusions

multiskilling technical change and the japanese firm worker cooperation with technical change accounts for much of the success of large japanese firms the authors argue t hat this cooperative attitude is due in large part to multiskilling by training workers in more than one job a firm assures its workers th at they will not be made worse off by labor saving innovations in a simple model the authors show that multiskilling leads to an endoge nous distinction between permanent and temporary workers wages that are attached to the worker rather than the job and comparative advantage in process style innovations there is even a role for the company song copyright 1993 by royal economic society

the development of commercial local area resource and emissions modelling navigating towards new perspectives and applications meeting near future uk greenhouse gas ghg emissions targets will require all parts of the uk economy to contribute and in particular significant changes in business practices are required at the local level from review it was found that there is a lack of detailed business accounting and reporting of ghg emissions at the local level especially concerning supply chain impacts and small and medium sized enterprises this paper presents a framework model to generate detailed benchmark estimates of ghgs both on site and supply chain related for individual businesses and all businesses of a sector within an area the model makes use of available economic and environmental data and with similar datasets existing in other parts of the world such models may be used elsewhere the framework model is applied to an empirical case study estimates from such a framework can be used in a step by step approach to move businesses and local areas towards improved accounting reporting and sustainability including procurement the model makes use of two different accounting perspectives the production perspective on site ghgs and the provision perspective supply chain ghgs attributable to purchased inputs of a business or sectors production the new provision perspective and its consequences are explored and explained

trends and determinants of corporate non financial disclosure in greece an increasing number of business organizations around the world engage in the accounting for and reporting on non financial aspects of performance mainly within the domains of social and environmental responsibility using a composite disclosure index this study investigates the status of the non financial disclosure practices of the top 100 companies operating in greece a number of determinants which potentially drive greek firms to publicly disclose such information are examined an investigation of the reporting practices of a subgroup of firms which is on the spotlight regarding their environmental performance is performed while overlapping perspectives for the greek case are outlined the analysis suggests that only a small group of leading greek firms appears to endorse a meaningful business and society dialogue as an instrument for stakeholder communication and the discharging of organizational accountability most other corporations still tend to treat such practices superficially and in an imprecise manner

discussion of the implications of unverifiable fair value accounting evidence from the political economy of goodwill accounting abstract ramanna 2007 the implications of unverifiable fair value accounting evidence from the political economy of goodwill accounting journal of accounting and economics provides interesting and novel evidence on how firms use contributions from their political action committees pacs to members of congress as a means of lobbying for preferred positions on the two exposure drafts that led to sfas 141 and sfas 142 my discussion raises some concerns about his main conclusion that pooling firms lobbied the fasb to obtain a fair value based impairment rule to facilitate their ability to manipulate financial statements i offer a more benign explanation and make some other observations about how this line of research could proceed in the future

uncertainty in labor productivity and specific human capital investment uncertainty in labor productivity ulp is affected by many factors such as worker employer matching technology and macroeconomic conditions not surprisingly ulp varies across firms industries and economies how do variations in ulp affect specific human capital shc investment wage and labor turnover a fixed wage model is used to show that the answer depends critically on the initial level of ulp the model is also used to show that wage and shc are always positively correlated but shc investment and labor turnover do not have a monotonic relationship these results have implications for empirical studies and public policies affecting ulp

evidence on performance pay and risk aversion abstract making use of a unique representative data set we find clear evidence that risk aversion has a highly significant and substantial negative impact on the probability that an employee s pay is performance contingent which confirms the well known risk incentive trade off

training and worker effort a signalling perspective this paper analyzes the interaction between firms investment in general skills training and workers incentives it shows that when a firm has an informational advantage over its workers its provision of free general skills training can serve as a signal that there will be a long term relationship between the firm and its workers this signal induces the workers to exert more effort in learning firm specific skills which enhances the firm s profits in contrast with most of the existing literature the model implies that firms may provide free general skills training even if there is no labour market friction ce memoire analyse l interaction entre l investissement des entreprises dans l acquisition d habiletes generales de leurs employes et les incitations des travailleurs a fournir un effort on montre que quand une firme a un avantage informationnel sur ses travailleurs le fait de fournir gratuitement de la formation qui permette aux employes d acquerir des habiletes generales peut servir de signal qu il va y avoir une relation a long terme entre la firme et ses travailleurs ce signal incite les travailleurs a investir plus d effort dans l acquisition d habiletes specifiques a la firme ce qui augmente les profits de l entreprise ce modele en porte a faux par rapport au gros de la litterature existante suggere que les entreprises peuvent fournir gratuitement de la formation permettant aux employes d acquerir des habiletes generales meme s il n y a pas de friction dans le marche du travail

a theory of on the job learning in this paper the author assumes that a junior worker learns on the job from senior workers the worker s earnings are equal to his value of marginal product minus the tuition to his senior workers plus the teaching reward from his junior workers the slope of the experience earnings profile decreases with the employment growth rate the earnings of an inexperienced worker of an unusually large cohort tend to be higher than the normal level finally the author shows that his model generates an age earnings profile which is increasing concave in age and declining near to retirement copyright 1997 by economics department of the university of pennsylvania and the osaka university institute of social and economic research association

campaign contributions and access an important and pervasive view of campaign contributions is that they are given to promote access to successful candidates under circumstances when such access would not ordinarily be given in this story access is valuable as it offers groups the opportunity to influence legislative decisions through the provision of policy relevant information under complete information regarding donors policy preferences i argue that this model predicts a negative relationship between contributions and the extent to which the groups and the recipient legislators preferences are similar however one of the more robust empirical findings in the literature is that this relationship is positive relaxing the informational assumption on donors preferences i reexamine the access story with a model in which campaign contributions can act as signals of policy preference and the informational value of access to any agent is endogenous

do new brooms sweep clean when and why dismissing a manager increases the subordinates performance abstract if a manager stays in office for a long time he will have learned much about his subordinates thus competition among them will be weak as the manager has made up his mind who is suited best for which position with a new manager the race for favorable tasks is restarted leading subordinates to exert higher effort but for the firm owner the trade off arises that with a new manager effort is larger but the quality of task allocation is worse since information is lost the optimal dismissal policy will be nonmonotonic in the expected heterogeneity of the subordinates abilities

the sa8000 social certification standard literature review and theory based research agenda social accountability 8000 sa8000 was one of the first auditable social standards aimed at promoting labor rights for workers around the world this certification is currently considered the most important in the field of corporate social responsibility csr after approximately 15 years of research on sa8000 we provide the first literature review on this topic we analyze 56 scientific papers that address key issues concerning sa8000 including the advantages of the adoption of the ethical certification and the obstacles to adoption and management and provide a comparison with iso 9001 and iso 14001 standards and with other csr standards and codes of conduct papers are coded following a deductive inductive approach and classified by year of publication publication outlet research focus methodology underpinning theory if any unit of analysis sample size industry and country building on literature findings we identify various research gaps stemming from the scarcity of empirical research and the weakness of theoretical foundations in particular we highlight the lack of evidence on the impact of organizational level factors on the adoption of the standard on the extent of the trade off if any between positive and negative outcomes of sa8000 and the failure to identify moderators of the relation between antecedents and sa8000 adoption and or between adoption and outcomes finally we propose a theory based research agenda on sa8000 for om scholars based on transaction cost economics agency and neo institutional theories and focused on three classes of relevant problems governance structure under sa8000 risk sharing between buyers and suppliers and effects on operational performance

linking environmental accounting to reward systems the case of the environmental profit and loss account abstract this article aims to analyse how environmental accounting instruments can be linked to corporate reward systems for motivating a company s employees to embrace more environmentally friendly behaviours to this aim the paper focuses on a specific instrument the environmental profit and loss account that grounds on the idea of complementing the traditional profit and loss account by including figurative revenues and costs associated to the environmental impact of business activities based on the empirical evidence derived from a multinational do it yourself retailing chain the paper discusses how key design choices in the process of development of the environmental profit and loss account should be carried out to use this instrument as an input for the reward system and what problems and criticisms this choice implies in so doing the paper contributes to fill a gap in the state of the art literature that so far has given limited attention to the problem of linking environmental accounting instruments to corporate reward systems based on the case analysis the paper concludes with some guidelines concerning the key aspects that should be taken into consideration for this prospect use alignment with the company s strategy definition of quantitative and common objectives integration with other human resource practices and possible connection to monetary rewards then for each aspect the paper discusses the rise of potential trade offs between completeness and controllability of the included items environmental and economic performance cost and precision of the system itself

how ethical are managers goodwill impairment decisions in spanish listed firms this article provides an analysis of the ethical behavior of managers making goodwill impairment decisions following the adoption of the international financial reporting standard ifrs 3 on business combinations replacing the systematic amortization of goodwill with the impairment only approach has been a highly controversial step although the aim of ifrs 3 was to provide users with more value relevant information regarding the underlying economics of the business it has been criticized for the potential earnings management inherent in impairment testing this study is based on a sample of spanish listed companies between 2005 and 2011 a period that embraces the economic crisis after controlling for the underlying economic factors of the firms the results suggest that managers are exercising discretion in the reporting of goodwill impairment losses and big bath and smoothing strategies are influencing the decisions whether or not to impair goodwill and about the magnitude of the impairment firm size is an attribute that appears significant in the analysis suggesting that the cost and complexity of running the impairment test affect managers decisions additional analyses suggest that the macroeconomic environment influences opportunistic and unethical behaviors

the economics of career concerns part ii application to missions and accountability of government agencies the paper uses a simple multitask career concern model in order to analyse the incentives of government agencies officials incentives are impaired by the agency pursuing multiple missions a lack of focus is even more problematic in the case of fuzzy missions that is when outsiders are uncertain about the exact nature of the missions actually pursued by the agency consequently agencies pursuing multiple missions receive less autonomy the paper further shows that professionalization creates a sense of mission for the agency and that the specialization of officials raises their incentives last the paper compares its predictions with the stylized facts on government bureaucracies 1999 the review of economic studies limited

towards a theory of accounting regulation a discussion of the politics of disclosure regulation along the economic cycle the paper by bertomeu and magee this issue endogenizes accounting regulation by a majority seeking regulator and examines how the economic cycle affects mandatory reporting quality this discussion puts the paper in the broader context of a theory of accounting regulation then it focuses on crucial assumptions including the exogenous evolution of the economy the role of market frictions the modeling of reporting quality and the regulatory process and regulatory cycles and provides suggestions for future research

performance evaluation and a flow allocation decision model for a sustainable supply chain of an apparel industry abstract there is a growing concern that business enterprises and their supply chains focus primarily on economic activities and ignore their impact on the environment and society this paper aims to help decision makers managers and practitioners to achieve economic growth societal development and environmental protection by developing sustainable supply chain performance measures and proposes a partner selection and flow allocation decision making model survey data from 278 business organizations from the indian apparel industry supply chain network were used and an integrated method of structural equation modeling fuzzy analytical hierarchy process and fuzzy multi objective linear programming was applied to the proposed model the results of the structural equation modeling analysis indicate that the survey respondents considered sustainable production performance to be of prime importance which thus indicates its significance in developing a sustainable supply chain for the apparel industry to illustrate the use of the proposed model for partner selection and flow allocation decision making real time data from an apparel manufacturer are presented optimal results were obtained for two strategies sustainability and cost saving to show a cost benefit trade off when developing a sustainable supply chain using comparative performance a decision maker can choose an appropriate strategy based on cost benefit analysis of the presented trade offs

strategic shirking a theoretical analysis of multitasking and specialization we provide a new theory to explain why firms multitask workers instead of specializing them workers overperform in tasks they like and underperform in tasks they dislike to favorably influence future job assignments anticipating this firms may find it optimal to commit to future multitasking to induce workers to appropriately allocate effort early in the employment relationship we show that when the product market is volatile so that future product prices are uncertain the firm s ability to credibly commit to a multitasking strategy diminishes this generates a negative relationship between multitasking and product market volatility consistent with recent empirical evidence

putting tasks to the test human capital job tasks and wages using original representative survey data we document that analytical routine and manual job tasks can be measured with high validity vary substantially within and between occupations are significantly related to workers characteristics and are robustly predictive of wage differences between occupations and among workers in the same occupation we offer a conceptual framework that makes explicit the causal links between human capital endowments occupational assignment job tasks and wages which motivate a roy model of the allocation of workers to occupations we offer two simple tests of the model s gross predictions for the relationship between tasks and wages both of which receive qualified empirical support

the implications of unverifiable fair value accounting evidence from the political economy of goodwill accounting abstract i study the evolution of sfas 142 which uses unverifiable fair value estimates to account for acquired goodwill i find evidence consistent with the fasb issuing sfas 142 in response to political pressure over its proposal to abolish pooling accounting the result is interesting given this proposal was due in part to sec concerns over pooling misuse i also find evidence consistent with lobbying support for sfas 142 increasing in firms discretion under the standard agency theory predicts such unverifiable discretion can be used opportunistically

measuring corporate social responsibility for competitive success at a regional level abstract the relevance of corporate social responsibility in the business world is enhanced by its linkage with other variables of strategic nature in the firm s activity for this purpose the objective of the paper is to define an overall scale to cover their different dimensions social economic and environmental by analyzing the cause effect relations with performance and competitive success this under researched topic has been studied in a sample of 67 medium and big firms within a specific regional context a pioneer region in europe which is starting to promote responsible business behaviour by the regional government for that structural equation methodology based on partial least squares path modelling has been applied the results show the positive direct and significant effect of social responsibility orientation of firms to competitive success and the mediating effect of performance the established set of indicators that define corporate social responsibility provides a simple and useful guidance for responsible actions implementation to upgrade regional competitive success

taboo or technical issue an empirical assessment of taxation in sustainability reports abstract prior literature offers mixed evidence on the existence of a link between corporate taxation and corporate social responsibility csr this article contributes to this debate by examining the level of tax disclosure in sustainability reports by firms listed in the united states the united kingdom and germany from 2007 to 2012 the aim is to offer micro level evidence of whether firms themselves perceive corporate tax payments as being part of their csr on the basis of a hand collected 540 firm year dataset of ninety publicly listed firms the article shows that the level of tax disclosure was rather low however it did increase over time and was most prevalent in the united kingdom moreover the reports indicate considerable variation in attitudes toward taxation overall the widespread silence on tax issues and a non uniform treatment of taxation in sustainability reports underline the complex role of tax payments when it comes to csr examination of determinants of disclosure shows that firms with lower effective tax rates negative media coverage in tax matters and industry specific stakeholder pressure were generally more inclined to disclose tax information which is in line with predictions based on stakeholder and legitimacy theory finally the article discusses the importance of cultural and social norms when it comes to tax related sustainability reporting and provides theoretical as well as regulatory implications

sustainability performance for brazilian electricity power industry an assessment integrating social economic and environmental issues the increased pressure on companies to address sustainability issues has resulted in the development of several voluntary corporate sustainability integration approaches the array of existing approaches is large and overwhelming resulting in companies not understanding what corporate sustainability really means for their businesses considering environmental economic and social issues this paper aims at assessing the performance of the brazilian electricity power industry in terms of its sustainability performance an analysis of global reporting initiative gri indicators for the energy sector lead to an assessment of its sustainability performance by applying data envelopment analysis dea specified with a directional distance function ddf five scenarios were created i flexible weights ii triple bottom line iii social issues iv economic issues and v environmental issues with considering i flexibility weights almost all companies are efficient we also found a significant difference when we compared i with the other four scenarios ii iii iv and v taking into account the triple bottom line scenario ii the results indicate that companies were less efficient when compared with the flexible weights scenario i taking into account the last three scenarios iii iv and v only four companies were considered as providing top benchmarks in sustainability performance

asymmetric timeliness of earnings market to book and conservatism in financial reporting abstract using an accounting conservatism theory that reflects accounting s role in practice we investigate the relation between two extensively used measures of conservatism asymmetric timeliness of earnings and the market to book ratio mtb we predict and observe that when asymmetric timeliness is measured cumulatively over long periods its relation with end of period mtb is positive when asymmetric timeliness is measured over short periods its dependence on beginning of period composition of equity value ev is responsible for its negative association with mtb further asymmetric timeliness appears to measure conservatism more efficiently when it is estimated cumulatively over multiple periods

assessing the degrowth discourse a review and analysis of academic degrowth policy proposals abstract debates on ecological and social limits to economic growth and new ways to deal with resource scarcity without compromising human well being have re emerged in the last few years central to many of these is a call for a degrowth approach in this paper a framework is developed to support a systematic analysis of degrowth in the academic literature this article attempts to present a clearer notion of what the academic degrowth literature explores by identifying organising and analysing a set of proposals for action retrieved from a selection of articles the framework is applied to classify proposals according to their alignment to ecological economics policy objectives sustainable scale fair distribution and efficient allocation type of approach top down versus bottom up and geographical focus local national or international a total of 128 peer reviewed articles focused on degrowth were reviewed and 54 that include proposals for action were analysed the proposals identified align with three broad goals 1 reduce the environmental impact of human activities 2 redistribute income and wealth both within and between countries and 3 promote the transition from a materialistic to a convivial and participatory society the findings indicate that the majority of degrowth proposals are national top down approaches focusing on government as a major driver of change rather than local bottom up approaches as advocated by many degrowth proponents the most emphasised aspects in the degrowth literature are related to social equity closely followed by environmental sustainability topics such as population growth and the implications of degrowth for developing nations are largely neglected and represent an important area for future research moreover there is a need for a deeper analysis of how degrowth proposals would act in combination

sustainability as it pertains to minerals and energy supply and demand a new interpretative perspective for assessing progress this paper addresses the pressing research gap that demands an overarching framework to assess the progress of mining minerals and energy supply and demand networks towards sustainable development the framework proposes a hierarchy from sustainable development which begins at the global scale to operating sustainably which begins at the level of unit operations the two concepts overlap in the middle with a focus upon regional economies guidance is provided to assess the performance of both dynamic dimensions sustainable development is assessed in terms of equity and operating sustainably is assessed in terms of the changing states of maturity of the activities being monitored the papers from this special volume were the input sample to assess the extent to which these performance dimensions were being addressed in analysing the progress towards sustainable development it was found that papers were mainly focussed on equity within supply countries but they provided little attention to the other three equity conditions proposed demand met at a reasonable price future needs met and profitable transfer agents the transition towards operating sustainably was promising with results that revealed progress along the proposed four stage maturity journey which includes 1 solely profit maximising 2 efficiency focussed 3 integrating by connecting and 4 adaptable resilient a comprehensive definition for operating sustainably is proposed for discussion and refinement it is suggested that the definition proposed can be used for selecting appropriate indicators for measuring and documenting progress

worker cooperation and the ratchet effect workers paid by the piece should be happy to introduce new techniques that increase output but firms always seem to reduce the piece rate when workers start earning too much money workers respond by restricting output and keeping good new ideas to themselves we show that this outcome is inevitable in a competitive environment however there are noncompetitive situations where firms can use piece rates to get cooperation from their workers these predictions are consistent with case history evidence from the cotton spinning industry in england in the nineteenth century and the lincoln electric company in the united states even today

an analysis of value destruction in at t s acquisition of ncr abstract at t s 7 5 billion acquisition of ncr decreased the wealth of at t shareholders by between 3 9 billion and 6 5 billion and resulted in negative synergies of 1 3 to 3 0 billion we find that at t paid a documented 50 million and possibly as much as 500 million to satisfy pooling accounting thus boosting eps by roughly 17 but leaving cash flows unchanged we conclude that at t s decision to acquire ncr in what the market perceived as a value destroying transaction was related at least in part to the 1984 consent decree with the department of justice that led to the break up of at t

assessing social risks of global supply chains a quantitative analytical approach and its application to supplier selection in the german automotive industry abstract risk management in supply chains has gained increasing attention over the last years at the same time the pressure to consider social issues in global and interconnected supply chains has risen as well these issues pose risk to supply chains since their occurrence may cause adverse stakeholder reaction through e g reputational losses despite the growing importance of supplier management as a key process within supply chains and the frequently articulated demand for a quantitative assessment of associated risks such approaches are missing so far thus the aim of this paper is to develop a model to efficiently estimate and assess social risks along global supply chains for this purpose leontief s input output model is combined with country risks and sector specific labour intensities in addition a fuzzy analytical hierarchy process is used to weigh the various considered social risks thereby the focus is on the upstream supply chain of actors in a supply chain the approach is developed generally opening the possibility of adaption to different types of input output data bases and using different social risks discussed in social life cycle assessment the fuzzy analytical hierarchy process facilitates the operational application in companies where different people with differing preferences are involved e g in procurement decisions the model is applied to a case study of a german premium car manufacturer to demonstrate and validate the approach it is shown how based on the developed model the assessment of supply chains risks can be carried out the approach allows an assessment of the supply chain as a whole i e considering all upstream tiers and of specific tiers furthermore a sensitivity analysis with regard to the obtained weights is conducted to verify the final aggregative risk values the results show that there are huge differences in the social risks associated with different suppliers as well as different risk structures along the n tier chain this helps prioritizing any projects with the aim to improve the living and working conditions in summary the model has a great benefit for practitioners in purchasing functions of focal companies and can be a helpful tool to support the efficient handling of social issues along supply chains at the same time its academic contributions lie in extending the life cycle sustainability analysis through a multi regional socially extended input output model seio for social risk assessment in sustainable supply chain management

accounting discretion in fair value estimates an examination of sfas 142 goodwill impairments this study examines statement of financial accounting standards 142 adoption decisions focusing on the trade off between recording certain current goodwill impairment charges below the line and uncertain future impairment charges included in income from continuing operations we examine several potentially important economic incentives that firms face when making this accounting choice we find evidence suggesting that firms equity market concerns affect their preference for above the line vs below the line accounting treatment and firms debt contracting bonus turnover and exchange delisting incentives affect their decisions to accelerate or delay expense recognition our study contributes to the accounting choice literature by examining managers use of discretion when adopting a mandatory accounting change and by developing and testing explicit cross sectional hypotheses of the determinants of firms preferences for immediate below the line versus delayed above the line expense recognition

from low quality reporting to financial crises politics of disclosure regulation along the economic cycle abstract this paper examines how financial reporting regulations affect and respond to macroeconomic cycles by exploring a positive framework in which regulators subject to political pressures respond to cyclical demands by borrowers and lenders we establish that as economic conditions initially decline political power shifts toward interest groups favoring less financial transparency what follows is a counter cyclical increase in economic activity as more non reporting loans are financed possibly coincidental with more aggregate uncertainty during a recession reporting quality is increased potentially causing a crisis like adjustment of economic activity to the cycle we also discuss implications for event studies bank lobbying mark to market and cost of capital

the importance of accounting changes in debt contracts the cost of flexibility in covenant calculations abstract in this paper we examine how the exclusion of voluntary and mandatory accounting changes from the calculation of covenant compliance affects the interest rate charged on the loan after controlling for self selection bias and other factors known to affect loan spreads we find that the rate charged is 84 basis points lower when voluntary accounting changes are excluded and 71 basis points lower when mandatory accounting changes are excluded our results suggest that borrowers are willing to pay substantially higher interest rates to retain accounting flexibility that may help them avoid covenant violations and to avoid duplicate record keeping costs

external recruitment versus internal promotion this article analyzes the choice between internal promotion and external recruitment within the framework of an economic contest opening up the competition for a position to external candidates re

the division of labor coordination costs and knowledge this paper considers specialization and the division of labor a more extensive division of labor raises productivity because returns to the time spent on tasks are usually greater to workers who concentrate on a narrower range of skills the traditional discussion of the division of labor emphasizes the limitations to specialization imposed by the extent of the market we claim that the degree of specialization is more often determined by other considerations especially emphasized are various costs of coordinating specialized workers who perform complementary tasks and the amount of general knowledge available