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Author: Maja Niksic Radic
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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Book Description
Purpose - The purpose of this paper is to answer the question of whether a foreign direct investment (FDI) contributes to the sustainable development in Croatia by analyzing the relationship between the fourth dimension of sustainable development, good governance, and theFDI. The aim of this study is to explore the causal relationship between the FDI and the components that make up good governance dimension in Croatia by using the Granger causality test.Methodology - The study uses econometric techniques such as unit root test and Granger causality test and employs the quarterly time series data from 2000(1) to 2013(4) in order to investigate the causal relationship between the FDI and good governance in Croatia.Findings - Research results indicated one bi-directional causality relationship and three one-way causality relationships in short-run. FDI and Rule of Law are found to have bi-directional causality relationship. Furthermore, FDI cause Political Stability. Findings also support one-way causality running from Regulatory Quality and Control of Corruption to FDI.Contribution - Research results point to the conclusion that, in the case of Croatia, FDI affected the good governance dimension of sustainable development and FDI can be considered as an asset that contributes to the sustainable development as the ultimate goal of development of each country.
Author: Maja Niksic Radic
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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Book Description
Purpose - The purpose of this paper is to answer the question of whether a foreign direct investment (FDI) contributes to the sustainable development in Croatia by analyzing the relationship between the fourth dimension of sustainable development, good governance, and theFDI. The aim of this study is to explore the causal relationship between the FDI and the components that make up good governance dimension in Croatia by using the Granger causality test.Methodology - The study uses econometric techniques such as unit root test and Granger causality test and employs the quarterly time series data from 2000(1) to 2013(4) in order to investigate the causal relationship between the FDI and good governance in Croatia.Findings - Research results indicated one bi-directional causality relationship and three one-way causality relationships in short-run. FDI and Rule of Law are found to have bi-directional causality relationship. Furthermore, FDI cause Political Stability. Findings also support one-way causality running from Regulatory Quality and Control of Corruption to FDI.Contribution - Research results point to the conclusion that, in the case of Croatia, FDI affected the good governance dimension of sustainable development and FDI can be considered as an asset that contributes to the sustainable development as the ultimate goal of development of each country.
Author: David Crowther
Publisher: Springer Nature
ISBN: 9811563705
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
This book explores the concepts of sustainability and governance in relation to the governance of corporations – hence the ubiquity of the term corporate governance – and other bodies. It examines how these concepts are regularly used by politicians and by the media. The two concepts are however largely treated as being separate and discrete, and given equal coverage. The argument in this book is that the two concepts are inter-related and that good governance is a prerequisite for sustainability. The focus of the book therefore is different from most, as it seeks to integrate these two important issues. The approach used in this book is based on the tradition of the Social Responsibility Research Network – a worldwide body of scholars that, over its 20-year history, has sought to broaden the discourse and to treat all research as inter-related and business-relevant. The book examines diverse aspects of the changes to corporate and institutional behaviour that have recently manifested by focusing on these two aspects of sustainable development. Thus, the authors explore engagement and partnership between organisations, in order to consider the extent to which the focus has changed so much that we need to think about new approaches to our understanding of sustainability and differing effects in practice. The international mix of authors makes this an original contribution, sharing some of the best ideas from around the world.
Author: Ulrich Petschow
Publisher: Routledge
ISBN: 1351280996
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
Sustainability cannot be achieved without good governance. The Johannesburg World Summit on Sustainable Development in 2002 stated that governance and sustainable development are intimately tied together and the future role and architecture of institutions, from local to international levels, will be crucial determinants to whether future policies and programmes for sustainable development will succeed. But these are changing times. With growing tensions over both globalization and regionalization, traditional systems of regulation are being subjected to growing pressure for reform. While states will continue to play a significant, if changed, role in the future, the importance of players from business and civil society is increasing. Sustainable development requires this change. Such an intra- and intergenerational concept cannot be achieved with a top-down approach, but rather needs the participation of all. In fact, the governance of sustainable development requires the exploration of new forms of both social co-operation and confrontation. By doing so, the different levels (global and local), players (state, company and civil society), control structures (hierarchy, market and public-private) and fields of action need to be taken into consideration.Governance and Sustainability examines the possibilities of integrating the environmental, social and economic dimensions of sustainable development within the framework of governance processes and how that might steer societies towards sustainability. It takes a close look at the key actors, their agendas and methods, forms of organization, problems and limits, as well as real-life examples for governance in different areas of society at the regional, national and international level. It is especially interested in exploring the nature of changes in the context of governance; the role of actors in such processes; and analysing how different forms of societal learning can improve governance processes. It concludes that this is a continuous process, characterized by conflicts and learning processes necessary to heighten both awareness of the complexity of the social and environmental problems faced and the prospects of implementing successful solutions. Based on a major conference hosted to assess the issue of governance post-Johannesburg, the book includes innovative insights from some of the leading thinkers in both sustainable development and governance from academia, business, multilateral organizations and NGOs. It provides a unique perspective on two of the key societal problems facing the world today.
Author: Karl P. Sauvant
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
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Book Description
Reaching the SDGs has become the lodestar of development policymaking. Increased sustainable FDI flows to developing countries can make an important contribution to reaching the Goals. This article analyzes 150 instruments (treaties, standards, codes) prepared by key stakeholder groups in the FDI space and bearing on the relationship between host country governments and foreign investors, to identify FDI sustainability characteristics along the following four dimensions: economic, social and environmental development and governance. These instruments indicate the kind of contributions governments and intergovernmental organizations expect MNEs to make to host countries; what kind of contributions MNEs and business organizations expect to make to host countries; and what others expect from MNEs in this respect. The analysis yields a set of indicative “common FDI sustainability characteristics”, as well as a set of indicative “emerging common FDI sustainability characteristics”, with all stakeholder groups showing a growing propensity to recognize them. These indicative FDI sustainability characteristics, in turn, can give guidance to both legal and policy development regarding the role international investors can, and should, make to reach the SDGs.
Author: Konrad Ginther
Publisher: Springer
ISBN:
Category : Law
Languages : en
Pages : 516
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Book Description
CONTENTS.
Author: René Schmidpeter
Publisher: Springer
ISBN: 3030048195
Category : Business & Economics
Languages : en
Pages : 341
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Book Description
This book provides a rich collection of essays discussing and showcasing the transformation of businesses around the world towards sustainability and responsibility. Based on a framework of global theoretical approaches, it presents practical examples and cases from a variety of industries, regions and corporate functions. It also highlights the latest insights on how corporations consider sustainability in the governance of their respective organization. Furthermore, the book features a section dedicated to responsible finance, and outlines business and management-driven approaches that contradict the traditionally held belief that a trade-off exists between sustainability, social responsibility and profit.
Author: Louis Meuleman
Publisher: Routledge
ISBN: 1351250582
Category : Nature
Languages : en
Pages : 325
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Book Description
The 17 Sustainable Development Goals (SDGs) which were adopted by the United Nations in September 2015 are universally applicable in all 193 UN Member States and connect the big challenges of our time, such as hunger and poverty, climate change, health in an urbanised environment, sustainable energy, mobility, economic development and environmental degradation. Sustainability has the characteristics of a ‘wicked problem’, for which there are no one-size-fits-all solutions. This book tests the hypothesis that the implementation of sustainable development, and in particular the 2015 SDGs, requires tailor-made metagovernance or ‘governance of governance’. This is necessary to develop effective governance and high quality and inclusive public administration and to foster policy and institutional coherence to support implementing the SDGs. Based on the growing literature on governance and metagovernance, and taking into account the specificities of societal factors such as different values and traditions in different countries, the book presents a framework for the design and management of SDG implementation. It shows how hierarchical, network and market governance styles can be combined and how governance failure can be prevented or dealt with. The book presents an overview of fifty ‘shades of governance’ which differ for each governance style, and a sketch of a concrete method to apply sustainability metagovernance. Metagovernance for Sustainability is relevant to academic and practitioner fields across many disciplines and problem areas. It will be of particular interest to scholars, students and policy-makers studying Sustainable Development, Governance and Metagovernance, Public Management and Capacity Building.
Author: Pedro Matos
Publisher: CFA Institute Research Foundation
ISBN: 1944960988
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.
Author: David Cortright
Publisher: Cambridge University Press
ISBN: 1108415938
Category : Political Science
Languages : en
Pages : 307
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Book Description
An evidence-based analysis of governance focusing on the institutional capacities and qualities that reduce the risk of armed conflict.
Author: J. Zhang
Publisher: Springer
ISBN: 1137318651
Category : Political Science
Languages : en
Pages : 296
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Book Description
This book links the environment and corruption with China's large inflows of foreign direct investment (FDI). It investigates the effects of economic development and foreign investment on pollution in China; the effects of corruption and governance quality on FDI location choice in China.
