The freedom to be sustainable, from the past to the future

This study aims to investigate the historical evolution of the concept of corporate social responsibility (CSR), with a particular focus on the main theories and events that led it to no longer be a voluntary choice but a necessity for the company’s long-term survival. The article will first analyze the main definitions in the literature to determine the aspects that characterize it. Subsequently, using a theoretical approach, a literature review will be performed to describe its historical evolution, starting from its birth during the Industrial Revolution period (1760-1840) up to the present day. The analysis results show that, in the scientific debate, the CSR concept was initially focused on the workers’ well-being and, subsequently, it expanded its scope and significance to include all stakeholders’ categories. Furthermore, it emerged that CSR become a necessity for the companies’ long-term survival, especially in the post-pandemic period. For this reason, companies must develop new business models to face sustainability issues and meet social needs

Redox cycling of iridium(III) complexes gives versatile materials for photonics applications

The cyclometallated iridium(III) complex [Me4N][Ir(ppy)2(cat)] (Hppy = 2-phenylpyridine; H2cat = benzene-1,2-diol) has been prepared under inert atmosphere and has been structurally characterized by single crystal X-ray diffraction. Under ambient conditions, the fully reduced complex (as formulated) undergoes rapid one-electron oxidation both in solution and in the solid state to a species containing a semiquinone ligand. The resultant neutral complex [Ir(ppy)2(sq)] (sq = o-semiquinone) was also prepared by exposing the reaction mixture to O2 during the course of the reaction. Electron paramagnetic resonance (EPR) spectroscopy confirms the diamagnetic nature of the complex [Me4N][Ir(ppy)2(cat)] and indicates that the unpaired electron in [Ir(ppy)2(sq)] resides primarily on the sq ligand. The photophysical, electrochemical, and spectroelectrochemical properties of [Ir(ppy)2(sq)] were investigated and reveal the changes in absorption as the complex is converted into the catecholate and quinone forms

Bottleneck co-ownership as a regulatory alternative

This paper proposes a regulatory mechanism for vertically related industries in which the upstream “bottleneck” segment faces significant returns to scale while other (downstream) segments may be more competitive. In the proposed mechanism, the ownership of the upstream firm is allocated to downstream firms in proportion to their shares of input purchases. This mechanism, while preserving downstream competition, partially internalizes the benefits of exploiting economies of scale resulting from an increase in downstream output. We show that this mechanism is more efficient than a disintegrated market structure in which the upstream natural monopoly bottleneck sets a price equal to average cost

Ernst Freund as Precursor of the Rational Study of Corporate Law

Gindis, David, Ernst Freund as Precursor of the Rational Study of Corporate Law (October 27, 2017). Journal of Institutional Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2905547, doi: https://dx.doi.org/10.2139/ssrn.2905547The rise of large business corporations in the late 19th century compelled many American observers to admit that the nature of the corporation had yet to be understood. Published in this context, Ernst Freund's little-known The Legal Nature of Corporations (1897) was an original attempt to come to terms with a new legal and economic reality. But it can also be described, to paraphrase Oliver Wendell Holmes, as the earliest example of the rational study of corporate law. The paper shows that Freund had the intuitions of an institutional economist, and engaged in what today would be called comparative institutional analysis. Remarkably, his argument that the corporate form secures property against insider defection and against outsiders anticipated recent work on entity shielding and capital lock-in, and can be read as an early contribution to what today would be called the theory of the firm.Peer reviewe