19,343 research outputs found

    Corporate Social Responsibility: the institutionalization of ESG

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    Understanding the impact of Corporate Social Responsibility (CSR) on firm performance as it relates to industries reliant on technological innovation is a complex and perpetually evolving challenge. To thoroughly investigate this topic, this dissertation will adopt an economics-based structure to address three primary hypotheses. This structure allows for each hypothesis to essentially be a standalone empirical paper, unified by an overall analysis of the nature of impact that ESG has on firm performance. The first hypothesis explores the evolution of CSR to the modern quantified iteration of ESG has led to the institutionalization and standardization of the CSR concept. The second hypothesis fills gaps in existing literature testing the relationship between firm performance and ESG by finding that the relationship is significantly positive in long-term, strategic metrics (ROA and ROIC) and that there is no correlation in short-term metrics (ROE and ROS). Finally, the third hypothesis states that if a firm has a long-term strategic ESG plan, as proxied by the publication of CSR reports, then it is more resilience to damage from controversies. This is supported by the finding that pro-ESG firms consistently fared better than their counterparts in both financial and ESG performance, even in the event of a controversy. However, firms with consistent reporting are also held to a higher standard than their nonreporting peers, suggesting a higher risk and higher reward dynamic. These findings support the theory of good management, in that long-term strategic planning is both immediately economically beneficial and serves as a means of risk management and social impact mitigation. Overall, this contributes to the literature by fillings gaps in the nature of impact that ESG has on firm performance, particularly from a management perspective

    The Neuroscience of Moral Judgment: Empirical and Philosophical Developments

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    We chart how neuroscience and philosophy have together advanced our understanding of moral judgment with implications for when it goes well or poorly. The field initially focused on brain areas associated with reason versus emotion in the moral evaluations of sacrificial dilemmas. But new threads of research have studied a wider range of moral evaluations and how they relate to models of brain development and learning. By weaving these threads together, we are developing a better understanding of the neurobiology of moral judgment in adulthood and to some extent in childhood and adolescence. Combined with rigorous evidence from psychology and careful philosophical analysis, neuroscientific evidence can even help shed light on the extent of moral knowledge and on ways to promote healthy moral development

    Life-Cycle Portfolio Choice with Stock Market Loss Framing: Explaining the Empirical Evidence

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    We develop a life-cycle model with optimal consumption, portfolio choice, and flexible work hours for households with loss-framing preferences giving them disutility if they experience losses from stock investments. Structural estimation using U.S. data shows that the model tracks the empirical age-pattern of stock market participants’ financial wealth, stock shares, and work hours remarkably well. Including stock market participation costs in the model allows us to also predict low stock market participations rates observed in the overall population. Allowing for heterogeneous agents further improves explanatory power and accounts for the observed discrepancy in wealth accumulation between stockholders and non-stockholders

    Towards a more just refuge regime: quotas, markets and a fair share

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    The international refugee regime is beset by two problems: Responsibility for refuge falls disproportionately on a few states and many owed refuge do not get it. In this work, I explore remedies to these problems. One is a quota distribution wherein states are distributed responsibilities via allotment. Another is a marketized quota system wherein states are free to buy and sell their allotments with others. I explore these in three parts. In Part 1, I develop the prime principles upon which a just regime is built and with which alternatives can be adjudicated. The first and most important principle – ‘Justice for Refugees’ – stipulates that a just regime provides refuge for all who have a basic interest in it. The second principle – ‘Justice for States’ – stipulates that a just distribution of refuge responsibilities among states is one that is capacity considerate. In Part 2, I take up several vexing questions regarding the distribution of refuge responsibilities among states in a collective effort. First, what is a state’s ‘fair share’? The answer requires the determination of some logic – some metric – with which a distribution is determined. I argue that one popular method in the political theory literature – a GDP-based distribution – is normatively unsatisfactory. In its place, I posit several alternative metrics that are more attuned with the principles of justice but absent in the political theory literature: GDP adjusted for Purchasing Power Parity and the Human Development Index. I offer an exploration of both these. Second, are states required to ‘take up the slack’ left by defaulting peers? Here, I argue that duties of help remain intact in cases of partial compliance among states in the refuge regime, but that political concerns may require that such duties be applied with caution. I submit that a market instrument offers one practical solution to this problem, as well as other advantages. In Part 3, I take aim at marketization and grapple with its many pitfalls: That marketization is commodifying, that it is corrupting, and that it offers little advantage in providing quality protection for refugees. In addition to these, I apply a framework of moral markets developed by Debra Satz. I argue that a refuge market may satisfy Justice Among States, but that it is violative of the refugees’ welfare interest in remaining free of degrading and discriminatory treatment

    The developing maternal-infant relationship: a qualitative longitudinal study

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    Aim The study aimed to explore maternal perceptions and the use of knowledge relating to their infant’s mental health over time using qualitative longitudinal research. Background There has been a growing interest in infant mental health over recent years. Much of this interest is directed through the lens of infant determinism, through knowledge regarding neurological development resulting in biological determinism. Research and policy in this field are directed toward individual parenting behaviours, usually focused on the mother. Despite this, there is little attention given to maternal perspectives of infant mental health, indicating that a more innovative approach to methodology is required. Methods This study took a qualitative longitudinal approach, and interviews were undertaken with seven mothers from the third trimester of pregnancy and then throughout the first year of the infant’s life. Interviews were conducted at 34 weeks of pregnancy, and then when the infant was 6 and 12 weeks, 6, 9, and 12 months, alongside the collection of researcher field notes—a total of 41 interviews. Data were analysed by creating case profiles, memos, and summaries, and then cross-comparison of the emerging narratives. A psycho-socially informed approach was taken to the analysis of data. Findings Three interrelated themes emerged from the data: evolving maternal identity, growing a person, and creating a safe space. The theme of evolving maternal identity dominated the other themes of growing a person and creating a safe space in a way that met perceived socio-cultural requirements for mothering and childcare practices. Participants’ personal stories give voice to their perceptions of the developing maternal-infant relationship in the context of their socio-cultural setting, relationships with others, and experiences over time. Conclusions This study adds new knowledge by giving mothers a voice to express how the maternal-infant relationship develops over time. The findings demonstrate how the developing maternal-infant relationship grows in response to their mutual needs as the mother works to create and sustain identities for herself and the infant that will fit within their socio-cultural context and individual situations. Additionally, the findings illustrate the importance of temporal considerations, social networks, and intergenerational relationships to this evolving process. Recommendations for practice, policy, and education are made that reflect the unique relationship between mother and infant and the need to conceptualise this using an ecological approach

    Social Justice & Technical Efficiency: The Role of Digital Technology in Boston\u27s 311 System

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    Does digital technology help or hinder the realization of social justice in government services? Applying theories of distributive justice, we analyzed 10-year data from Boston\u27s 311 system (for residents to make requests for non-emergency services) paired with data from the American Community Survey. We found that, as residents used the system\u27s digital channels (website and mobile app) more frequently, they submitted more requests. However, such technical efficiency from digital channel use, to our surprise, exacerbated the disparities between high-income and low-income communities in request volume. This unexpected finding may be explained by the uneven channel use trajectories and distributions of repeat users in different communities, as our additional analysis shows. These results not only have exposed previously hidden inequalities but also may help reconcile different theories of distributive justice. Practically speaking, technical efficiency and social justice should be balanced when employing digital technology in coproducing government services

    Stakeholder Governance: Empirical and Theoretical Developments

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    Stakeholder governance receives attention across many disciplines, resulting in fragmented knowledge. The inherent complexity of stakeholder governance requires the integration of this knowledge to develop comprehensive and inclusive theories to better conceptualize this phenomenon. In this research, we develop stakeholder governance through empirical and theoretical approaches. In the first essay, we use multiple case comparisons to empirically examine how and why organizations manage food waste to develop grounded theory through contextualized explanations. We contribute grounded theoretical and empirical evidence to show that food waste represents a significant business problem. Our data suggests that dimensions of logistics and stakeholder governance dictate how and why organizations manage food waste. These findings stimulate a deeper dive into stakeholder governance, revealing fragmentations in knowledge that require holistic, interdisciplinary review and synthesis. In the second essay, we identify definitions and terminologies, review the evolution of theories and orientations, organize mechanisms and conceptualizations, synthesize key theoretical tensions, and offer suggestions for future research to contribute theoretical developments for stakeholder governance. We contribute pluralist conceptual frameworks that integrate knowledge across disciplines to provide a comprehensive overview and recommendations. Overall, we contribute empirical and theoretical research to advance theory development for stakeholder governance

    Towards better support for high-functioning autistic learners in a mainstream sixth form classroom

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    This conceptual Dissertation emerged from my personal professional experiences as the Head of Additional Learning Support and Inclusion at a London Sixth Form College. The study considers the ways in which support for 16 to 19-year-old autistic learners who are deemed as high functioning might be improved. Initially I analyse current educational policy and legislation, using Martha Nussbaum’s version of the Capabilities Approach as an analytical lens. I argue that an education system based on a commodified, meritocratic, standardised, and neoliberal understanding of success has had a detrimental impact on both the flourishing and working relationships of high-functioning autistic learners and their teachers in the classroom. I contend that this type of education system focuses on employability skills using narrow understandings of human flourishing and what it means to be human. I suggest that Nussbaum’s Capabilities Approach offers an alternative value system based on the recognition of human dignity and a broader and deeper understanding of what it means to be human by acknowledging and embracing different ways of thinking and being. I then discuss the difficulties high-functioning autistic learners encounter with social communication and functioning and feeling misunderstood which, I argue, are compounded by the pressures caused by the current meritocratic commodified education system. Additionally, and following Nussbaum’s work on emotions, I argue that key to the improvement of the understanding and support of high-functioning autistic learners in the classroom is a dialogical, empathetic, and compassionate working relationship between the teacher and the learner, both of whom are on a mutual learning journey. I then discuss how this relationship can be enhanced with the values of Nussbaum’s Capabilities Approach practically implemented using Armstrong’s Positive Niche Construction. I contend, in my conclusion, that this approach to education will benefit not only high functioning autistic learners but all learners

    Walking with the Earth: Intercultural Perspectives on Ethics of Ecological Caring

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    It is commonly believed that considering nature different from us, human beings (qua rational, cultural, religious and social actors), is detrimental to our engagement for the preservation of nature. An obvious example is animal rights, a deep concern for all living beings, including non-human living creatures, which is understandable only if we approach nature, without fearing it, as something which should remain outside of our true home. “Walking with the earth” aims at questioning any similar preconceptions in the wide sense, including allegoric-poetic contributions. We invited 14 authors from 4 continents to express all sorts of ways of saying why caring is so important, why togetherness, being-with each others, as a spiritual but also embodied ethics is important in a divided world
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