Journal articles on the topic 'Corporation'
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1
Liu, Hong, Lu Ma, and Panpan Huang. "When organizational complexity helps corporation improve its performance." Journal of Management Development 34, no. 3 (April 13, 2015): 340–51. http://dx.doi.org/10.1108/jmd-05-2013-0071.
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Purpose – The purpose of this paper is to test the assertion that the relationship between corporation performance and organizational complexity follows an inverted U-shape curve, and a corporation gains the best performance when its organizational complexity fits its environmental complexity. Design/methodology/approach – This research did not directly measure environmental complexity to verify the relationship between corporation performance and complex environment, but measured organizational complexity to subtly display the effect of the organizational complexity on the corporation performance while controlled the environmental complexity. To do so, a set of corporations that shared the similar environment was selected, and then these corporations’ performance and organizational complexity were calculated, the related hypotheses were tested empirically. Findings – The paper proved the inverted U-shape relationship between organizational complexity and corporation performance, and also found that different corporation chooses different complex adaptive way, so the inverted U-shape relationship displays hierarchy. Research limitations/implications – Future research should search out to calculate corporation’s environment complexity the fitness of organizational complexity for testing hypotheses. Practical implications – The regularity of relationship between organizational complexity and corporation performance is helpful for managers to understand that a way to improve a corporation’s performance is to enhance the fitness of organizational complexity and environmental complexity. Social implications – Organizational complexity may be competitive advantage, but excessive growth of it will be harmful. Originality/value – Usually organizational complexity is thought of as a negative factor to corporation performance and tends to be constrained, but this research explored the role of organizational complexity to corporation performance and the findings helps managers to understand when to enhance organizational complexity and when to weaken it. The methodology of calculating the fitness of organizational complexity and environmental complexity by fixing environment is a contribution to complexity theory research.
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Guenther, David. "Of Bodies Politic and Pecuniary: A Brief History of Corporate Purpose." Michigan Business & Entrepreneurial Law Review, no. 9.1 (2020): 1. http://dx.doi.org/10.36639/mbelr.9.1.bodies.
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American corporate law has long drawn a bright line between for-profit and non-profit corporations. In recent years, hybrid or social enterprises have increasingly put this bright-line distinction to the test. This Article asks what we can learn about the purpose of the American business corporation by examining its history and development in the United States in its formative period from roughly 1780-1860. This brief history of corporate purpose suggests that the duty to maximize profits in the for-profit corporation is a relatively recent development. Historically, the American business corporation grew out of an earlier form of corporation that was neither for-profit nor nonprofit in today’s parlance but rather, served a multitude of municipal, religious, charitable, educational, and eventually business purposes in early nineteenth-century New England. The purposes of early American business corporations—rather than maximization of profit to private shareholders— were often overtly public, involving development of local transportation, finance, and other much-needed economic infrastructure. With the rise of factory-based manufacturing, railroads, and other capital-intensive industries in the middle decades of the nineteenth century and the advent of general incorporation statutes, the purpose of the American business corporation shifted fundamentally from public to private. By 1860, the stage was set for the modern firm. This Article concludes that the corporation has no intrinsic purpose. The corporation’s defining features are separate legal personality and the ability to aggregate capital toward any otherwise lawful end, whether for-profit or nonprofit. Social enterprises today more closely resemble the early American business corporation than the profit-maximizing modern firm. Social enterprise should be seen less as a legally uncertain novelty than a return to the business corporation’s nineteenth-century American roots. Finally, this Article suggests potential limitations for social enterprise.
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Lee, Kyungtag, and Hyunchul Lee. "How Does CSR Activity Affect Sustainable Growth and Value of Corporations? Evidence from Korea." Sustainability 11, no. 2 (January 18, 2019): 508. http://dx.doi.org/10.3390/su11020508.
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This study explores the relationship between Korean listed companies’ corporation social responsibility (CSR) activities and their sustainable growth and valuation, focusing specifically on the nonlinear aspect. The nonlinear quantile regressions used in this study reported that CSR activities increased corporation value exclusively in the middle-range groups (i.e., τ_25, τ_50, τ_75) of Tobin’s q, a proxy for corporation growth and value. However, the linear ordinary least squares (OLS) regression did not indicate similar results. Our findings also showed that CSR activities affect the valuation of Korean listed corporations in a nonlinear, rather than in a linear way. Considering that most prior studies are devoted to reporting linear results from classical ordinary least squares estimations between CSR activities and corporation value, our study fills the gap in the literature. The findings of this study may provide corporation managers and researchers with valuable data concerning a corporation’s optimal investment point for their CSR activities for sustainable growth and the maximization of corporation value.
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Flehantova, Anna. "COMPETITIVENESS OF TRANSNATIONAL COMPANIES OF CREATIVE INDUSTRIES MARKET IN PRE-QUARANTINE AND QUARANTINE PERIODS." Економіка розвитку систем 5, no. 1 (April 28, 2023): 4–10. http://dx.doi.org/10.32782/2707-8019/2023-1-1.
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The article provides an analysis of several transnational corporations in the creative industry market, with a focus on «The Walt Disney Company». The company's various branches are united under one brand, making it unique in the world, but it still has strong competitors in different sectors, such as Sony Corporation, Fox Corporation, Comcast Corporation, and Netflix. The financial performance of these companies in 2018 and 2019 was generally better than in 2020 due to the impact of COVID-19, which particularly affected the profitability of «The Walt Disney Company». The company's revenue comes mainly from entertainment parks, which were significantly limited in 2020 due to COVID-19. In contrast, in 2019 and 2018, The Walt Disney Company's revenue was $14,438 million and $14,845 million, respectively. Sony Corporation's revenue increased gradually from $734,860 million in 2018 to $894,235 million in 2019. Comcast Corporation's revenue also increased from $19,009 million in 2018 to $21,125 million in 2019. Meanwhile, the revenue of Fox Corporation and Netflix in 2019 decreased slightly compared to 2018.
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Abuelghanam, Saad. "Legal Consequences of Patent Invalidation Upon Corporation in the Jordanian Law." Jordanian Journal of Law and Political Science 14, no. 1 (March 30, 2022): 363–404. http://dx.doi.org/10.35682/jjlps.v14i1.343.
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This paper studies the legal consequences that stem from a dictum declaring a patent invalidation when such a patent constitutes a share or part of a corporation’s capital according to the provisions of the following national laws: Civil code, Corporations Law, and Patents Law. Based on the timing of invalidation, the study addresses its subject in two main axises: The first is dedicated to invalidation before registering the corporation to become legal person and the second addresses the consequences of invalidation after the company had been registered and acquired its capacity as a legal personality. Therefore, the study concludes that the outcome of patent invalidation upon a corporation varies from the mere replacement of the patent with the monetary value allocated to the patent in the corporation’s contract, or the removal of that partner and changing the company’s title – especially in partnerships – to termination and, thus, liquidation of the corporation.
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B. Marquez, Denise Ann, Jyle Yshamari B. Concepcion, Althea Loraine D. Olimpiada, Louise Margarett C. Salvador, and Allana Kimberly P. Vinta. "BRIDGES OVER WALLS: CONSTRUCTING EMPLOYEE CONNECTIONS IN CONSTRUCTION CORPORATIONS UNDER THE FIELD OF CIVIL ENGINEERING THROUGH EFFECTIVE COMMUNICATION." International Journal of Education Humanities and Social Science 07, no. 03 (2024): 46–54. http://dx.doi.org/10.54922/ijehss.2024.0691.
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The purpose of this qualitative study is to discuss the communication dynamics within a construction corporation operating in San Miguel, Bulacan, Philippines. The main objective of the research is to investigate their communication practices, how they identify challenges concerning communication in their workplace, and how they provide the necessary solutions to these difficulties. Grounded theory methodology is used to employ face-to-face interviews with three engineers from the corporation, who are in charge of the ongoing construction project within the said research locale. The oral type of questionnaires guided the interviews in obtaining information needed for the construction corporation's communication dynamics. The findings of the study demonstrated the corporation’s communication culture, which is characterized by language usage, transparency and open communication, effective leadership communication, active listening and feedback, meeting flow, and employee engagement initiatives. The conducted research also elaborated the communication challenges identified by the participants of the study which were technological issues and miscommunication among the members of the organization. In addition to this, the researchers identified the flow of communication within the corporation as downward communication, horizontal communication, and diagonal communication. Overall, this research aims to offer the important details of how communication in construction corporations in the field of civil engineering works and how it affects the general dynamics in their workplace.
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Ziegel, Jacob S. "Is incorporation (with Iimited Iiability) too easily available ?" Les Cahiers de droit 31, no. 4 (April 12, 2005): 1075–94. http://dx.doi.org/10.7202/043055ar.
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The incorporation of new businesses in Canada is remarkably cheap and easy, both under the Canada Business Corporations Act and under the provincial corporations statutes. The benefits conferred on shareholders by incorporation are obvious and well known, particularly the advantage of limited liability. Easy incorporation however also imposes significant burdens on the corporation's voluntary and involuntary creditors if the corporation cannot meet its liabilities. The author examines the various statutory and judicially created techniques for restraining the abuse of the corporate form, and finds them seriously deficient. Nevertheless, he sees no likelihood of the legislature reversing a century old trend either by making incorporation much more difficult or by denying directors or shareholders in closely held corporations the protection of limited liability. He concludes therefore that ''second order'' remedies are much more realistic, even if less efficient. He also recommends several new remedies, including the requirement that all corporations must file a copy of their financial statements in a public office and that directors will be held personally responsible for the corporation's debts if the corporation continues to trade when it is clear that it is insolvent and likely to remain so.
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Liang, Xiaobei, Xiaojuan Hu, and Hu Meng. "Truly Sustainability or Hypocrisy: The Effects of Corporate Sustainable Orientation on Consumers’ Quality Perception and Trust Based on Evidence from China." Sustainability 12, no. 7 (March 31, 2020): 2735. http://dx.doi.org/10.3390/su12072735.
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Sustainable initiatives have been widely fulfilled by corporations, which can acquire better reputations by performing environmental, social, and economic responsibilities. However, if a corporation’s propaganda about sustainable orientation is contrary to the actual action, or even does not have a clear orientation, then it may also fall into the reputation of hypocrisy. In this study, from the perspective of consumer behavior and based on the moral responsibility theory of corporate sustainability, we identify six types of sustainable corporations by their orientations toward sustainability, including value, goals, and structure. We empirically examine their direct effects on consumers’ sustainable quality perception and trust, as well as the moderating effects of corporate social responsibility associations and consumer–corporation identity. Data are collected in China; 203 adults participated in the survey. The results reveal that the types of sustainable goals and structure have a significant effect on consumers’ sustainable quality perception and trust. Furthermore, consumers’ perception is also positively associated with their trust in a corporation. Moreover, the consumer–corporation identity negatively moderates the relationship between perception and trust. These findings also bring theoretical and practical insights for governments and corporations.
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Demers, Robert. "Achat et rachat d'actions en vertu de la Loi régissant les sociétés commerciales canadiennes." Articles 22, no. 1 (April 12, 2005): 55–79. http://dx.doi.org/10.7202/042423ar.
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The power to purchase its own shares by a corporation constitutes the most remarkable innovation in recent company legislations throughout Canada. This article deals primarily with the power to acquire shares under the Canada Business Corporations Act and the exercise of this power, subject to various conditions relating to the corporation's solvency and directors' duties. In a wider perspective, the rights of creditors of the corporation are analysed and the clear transition from a concept of the corporate capital as a trust fund for creditors to a concept of capital as a practical planning device emerges from the analysis.
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Ibsaini, Ibsaini, and Mahdi Syahbandir. "PERTANGGUNGJAWABAN KORPORASI DALAM TINDAK PIDANA KORUPSI PENGADAAN BARANG DAN JASA PEMERINTAH (Suatu Penelitian di Wilayah Hukum Pengadilan Tipikor Banda Aceh)." LEGITIMASI: Jurnal Hukum Pidana dan Politik Hukum 7, no. 1 (December 4, 2018): 67. http://dx.doi.org/10.22373/legitimasi.v7i1.3965.
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This research examines a corporation responsibility in the corruption of governmental goods and services procurements. This research applies juridical empirical approach. In accordance with the Act of Corruption Suppression, the liability of the corruption cases of corporation is also involves its corporation regarding the corruption. Pursuant to Article 20 (1) in terms of the corruption committed by and over the name of a corporation, the charges and sentences can be impose toward the corporation and its administrators. However, at the Court for Corruption in Aceh (2013-2017), there are 36 cases of corruptions committed by the corporations that have never been held liable on them, meaning that the corporation has never been convicted due to the commission. This research is purposed to know the forms of corruption committed by corporations at the Court for Corruption in Banda Aceh, reasons for not being held the corporations liable for the corruption, and legal impact that might rise if the corporations are not held liable for corruption.
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Chan, Gary KY. "Corporate defamation: reputation, rights and remedies." Legal Studies 33, no. 2 (June 2013): 264–88. http://dx.doi.org/10.1111/j.1748-121x.2012.00258.x.
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This paper examines fundamental issues concerning a corporation's right to sue for defamatory attacks on its reputation, the scope of the right and the remedies available. It first outlines the opposed positions in England and Australia, respectively. It also argues that a corporation, save for a government corporation that exercises governmental functions based on markedly different rationales, should have the right to sue in defamation premised on the concept of corporate reputation as property and for the purpose of vindicating its reputation. On the question of remedies, a corporation should be entitled to recover special damages as reparation for damage to reputation provided they are proved. This paper considers, instead of presumed damages, alternative remedies for vindicating corporate reputation. Finally, it examines the business and non-business reputations of both trading and non-trading corporations in relation to claims for damages.
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Kilar, Wioletta. "Corporations as an Object of Research in Geography of Industry." Studies of the Industrial Geography Commission of the Polish Geographical Society 32, no. 4 (November 27, 2018): 69–85. http://dx.doi.org/10.24917/20801653.324.4.
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Today, corporations play an important role in the global, national and local economy. Regardless of the business profile, degree of internationalisation or size, they participate in numerous economic processes, which is why they are the subject of research in geography of industry, especially in geography of enterprises. The main goal of the article is to review research related to corporations in Polish literature on the subject in the field of geography of industry. The author also aims at organising the concept of corporations, presenting closer their classifications, as well as indicating the place of research on corporations in geography. The preparation of the article began with a literature query, as well as an analysis of the existing data (desk research). As a result, the analysis of the concept of a corporation, various types of classifications and divisions of corporations, as well as a literature review of the subject in terms of the corporation’s research issues were made. As the research carried out indicates, in Polish literature on the issues of geography of industry, the researchers who concentrate on corporations look at the concentration of their head offices, theory and location factors, shaping processes and location of production, service and various branches, network connections, strategies implemented by corporations and their organisational forms, processes of corporation influence on international conditions for the development of domestic and regional systems and industrial enterprises, stimulation of inflow of foreign direct investment, the influence of corporations on the shaping of various industrial sectors, export relations, the role of cities in globalisation processes and the location of the corporation and their effects, as well as on corporate CSR activities.
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Liu, Yun, Greg Wang, and Yu Chen. "Why Are Corporations Willing to Take on Public CSR? An Organizational Traits Approach." Sustainability 11, no. 2 (January 19, 2019): 524. http://dx.doi.org/10.3390/su11020524.
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Corporation social responsibility includes the relational responsibility for the contractual stakeholders (relational CSR) and the public responsibility for the whole society (public CSR). In this paper, we examined the effect of organizational virtuousness on a corporation’s public CSR behavior and the moderating effect of organizational identity orientation between them. To test our hypothesis, we collected and analyzed a sample from 88 corporations and 742 respondents through questionnaires. Our results show that organizational virtuousness is positively associated with a corporation’s public CSR behavior, and this positive effect is moderated by organizational identity orientation. Among them, individualistic and collectivistic identity orientation positively moderates the relationship between organizational virtuousness and public CSR, while relational identity orientation negatively moderates the relationship between them. Our results suggest that a virtuous corporation does not necessarily have more willingness to take on public CSR than its counterparts, because the intention also depends on the type of identity orientation possessed by the virtuous corporation. In order to improve the enthusiasm of enterprises to take on public CSR, in addition to cultivating the virtue of organizations, different management measures should be taken according to the identity orientation of organizations.
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Huang, Chiu, Chao, and Arniati. "Critical Success Factors in Implementing Enterprise Resource Planning Systems for Sustainable Corporations." Sustainability 11, no. 23 (November 29, 2019): 6785. http://dx.doi.org/10.3390/su11236785.
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More and more companies are significantly introducing enterprise resource planning (ERP) systems to secure enterprise resources for effective distribution and provide accurate data for sustainable development in enterprise. Recently, Type B laboratory has promoted the utilization of the corporation’s own sustainable developments of the business model philosophy to affect the society and to solve social and environmental issues. The form of organizations arising from this certification process is referred to as the B Corporation, and this represents the implementation and commitment to sustainable development. Thus, decision-makers of B Corporation who can utilize ERP system tools well can coordinate sustainable activities better. There is not enough literature at this stage to provide the key success factors of implementing the ERP system for the B Corporation in Taiwan. This study extensively reviews the literature and conducts a modified Delphi expert questionnaire survey to elucidate the critical success factors of B Corporations’ implementation of ERP systems. The research results can assist the sustainable value of B Corporation and contribute to the current literature of improving critical success factors. The limitation of this study is that it only represents the perspective of B Corporation in Taiwan. Second, this study is unable to encompass all key success factors (CSFs) pertaining to ERP systems.
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Popova D. V. "Intelligent Management of the International Corporation Competitiveness." Herald of the Economic Sciences of Ukraine, no. 2(41) (December 16, 2021): 127–34. http://dx.doi.org/10.37405/1729-7206.2021.2(41).127-134.
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The urgency of forming and increasing the competitiveness of international companies is increasing in the newest knowledge economy. This predetermines the need for corporations to create new mechanisms for managing innovations and innovative and intellectual competencies, which, in turn, builds a general concept of intellectual competitiveness management at the level of an individual corporation. However, the current theoretical approaches to the competitiveness management do not allow obtaining comprehensive information for the formation of a universal management toolkit based on intelligent management of knowledge and innovations and competencies of an international corporation to achieve global competitiveness. Therefore, the purpose of the article is to form the complex algorithm for achieving competitive leadership of an international company through the use of intellectual management. Accordingly, the key innovative and intellectual competencies of the corporation in international markets were determined, the logical system for the formation of the corporation’s competitive advantages based on the application KIIC was built and the model and mechanism of intellectual management of the competitiveness of a corporation based on the creation of centers of innovative and intellectual competencies were developed in the article. Such an integrated approach in the context of the implementation of intellectual management will ultimately ensure an increase in the competitiveness of an international corporation.
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Lie, Hendrik, Fadiyah Ramadhani Putri, and Inggrid Florencya Tanlilessy. "Tindak Pidana Penyuapan oleh Korporasi dari Sudut Pandang Teori Identifikasi." Al-Jinayah Jurnal Hukum Pidana Islam 6, no. 1 (June 12, 2020): 202–28. http://dx.doi.org/10.15642/aj.2020.6.1.202-228.
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Corporations can become legal subjects of criminal acts of corruption and be criminalized under the Law on the Eradication of Corruption in Indonesia. One of the theories that can be used to make corporations as perpetrators of criminal acts of corruption is the identification theory. It sees the actus reus and mens rea of ??the management as a reflection of the actus reus and mens rea of ??the corporation itself so that the actions of the management must be considered the actions of the corporation. As a result, it is interesting to analyze whether a corporation can be held responsible for the bribery crime committed by corporate management to benefit the corporation from the identification theory? This research is a normative juridical study using a statutory approach and a conceptual approach, to conclude that a corporation can be convicted if the corporation has fulfilled the elements of the criminal act of bribery, and has actus reus and mens rea in committing the act. Based on these results, the Corruption Eradication Commission should emphasize the form of criminal responsibility by corporations and managers for corporate actions and management in carrying out corruption cases committed in the interest of the corporation.
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Avanesova, Nina, Sulaiman Tahajuddin, Olha Hetman, Yuliia Serhiienko, and Vyacheslav Makedon. "STRATEGIC MANAGEMENT IN THE SYSTEM MODEL OF THE CORPORATE ENTERPRISE ORGANIZATIONAL DEVELOPMENT." Economics and Finance 9, no. 1 (2021): 18–30. http://dx.doi.org/10.51586/2311-3413.2021.9.1.18.30.
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The article describes organizational and methodological components of using strategic management within a framework of corporate governance and development. The authors have formed a range of methodological provisions, regarding the choice of a marketing strategy by the corporate enterprise. They identified the main recourse flows within the framework of the used strategies. They also determined the strategic management components, required for providing efficiency of the corporations’ physical resources formation and use. They developed a graphical model for the determination of the corporation’s strategic position on the market. It was proved that a functional strategy involves a close correlation between the management and incorporated ownership relations, manifesting itself in a strategy in the field of finance of the corporation, ensuring corporation industrial stability, effective use of physical resources, the formation of the cash resources funds in the established amount, real property management and caretaking control, etc. The authors offered a methodology for conducting a strategic evaluation of the corporation in the basic market conditions.
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Laptev, Vasiliy A. "Models of «impersonal» management of commercial corporations: legal aspects." Vestnik of Saint Petersburg University. Law 13, no. 2 (2022): 378–95. http://dx.doi.org/10.21638/spbu14.2022.206.
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Traditional management models of commercial corporations involve the distribution of authorized capital among specific members of the corporation. This state of affairs makes it possible to establish a system of corporate control, the scope of the rights of each member of the corporation, and also to consider commercial corporations as a whole as an association of capital and (or) an association of persons. This article explores models of corporate governance in which a member of the corporation is not formally known or is completely absent. This study is not limited to the legal assessment of beneficial ownership of a corporation. A legal assessment is given of possible models of corporate governance that do not allow, both legally and actually, to truly establish the owner of the business. The bases for classification of models of impersonal management of a corporation are highlighted. Modern domestic corporate and judicial practice on the issue of using the model of “impersonal” management of a corporation is given. The possibility of identifying the deliberate use of the considered management model in the formation of the supreme body of the corporation, as well as the abuse of corporate rights in relation to the rights and legitimate interests of other members of the corporation and third parties (for example, creditors or government bodies) is being studied. The variability of the model of impersonal management of commercial corporations is revealed; the legal consequences of the application of this management model are determined; Ways of solving the issue of bringing liable persons to responsibility are proposed. Mechanisms for detecting the impersonal management of a corporation are proposed, including through the use of digital technologies. Criteria that determine the unfair use of this management model are analyzed. In the study, new approaches have been formed to identify the model of impersonal management of corporations by the courts and prevent their use.
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Roumeliotis, Michael. "Corporate Governance, Corporate Social Responsibility and the Corporation's Purpose." International Journal of Business and Economic Sciences Applied Research 16, no. 2 (2023): 36–41. http://dx.doi.org/10.25103/ijbesar.162.04.
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Purpose: To rethink the idea that corporate governance is about the alignment of interests of all stakeholders. To indicate this idea’s main problems, in making the manager’s job significantly more difficult, and in creating numerous avenues for managers seeking merely to advance their own interests. To look into corporate social responsibility in the light of value rationality, and to understand that taking into account stakeholders’ interests may be extraneous to purpose rationality and to the corporation’s purpose. To indicate this main difference between a corporation as a juristic person of limited purpose on the one hand, and a state government on the other. To relate these ideas to Freeman’s “new story of business” and to the declaration that profits are an outcome of successful business rather than its purpose. Design/methodology/approach: The approach is conceptual/ philosophical. Findings: The stakeholder theory of corporate governance is misguided, insofar as it is taken to assume that the purpose of the corporation is to serve the various interests of all stakeholders. Considerations of corporate social responsibility may (and should) be understood as value rational, having little bearing on the corporation’s purpose, i.e. shareholders’ profit, but placing essential constraints on the means of its achievement. This however should not be seen as being at odds with Freeman’s “new story of business”. Research limitations/implications: The “stakeholder theory of corporate governance” may be construed (in light of the above) as placing the interests of stakeholders other than the shareholders, outside the corporation’s purpose. History may result in corporations taking over parts of government, thus integrating common good in the corporations’ purpose from a normative point of view. Originality/value: The application of the distinction between value rationality and purpose rationality, to what CSR means for the purpose of the corporation and for stakeholder theory, is totally original, and so is the main conclusion of the argument. Summary: The original core problem of corporate governance is the agency problem and the alignment of interests between managers and shareholders, under the principle that the purpose of the corporation that managers ought to serve is shareholders’ profit. The idea of corporate social responsibility has brought about stakeholder theory, that is the idea that corporate governance is about serving all stakeholders’ interests. This multiplies the conflicts of interests to be aligned and creates in effect many more avenues for managers seeking to advance their own interests. We present an example of a board of directors seeking to allocate a substantial part of the corporation’s wealth to the alleviation of social poverty, and we revisit the question of the purpose of the corporation as a legal boundary to the possibilities of the juristic person that is the corporation. We advance the idea that corporate social responsibility and taking stakeholders other than shareholders into account is about value rationality, not purpose rationality, and should not be understood as necessarily depending on long term profit or any win/win situations. It mostly places constraints on the purpose rational means to achieve the corporation’s purpose, which remains shareholders’ profit. It must not be understood to alter this purpose, nor to make the corporation assume a social role paralleling state government. Freeman’s advocacy of the “new story of business”, and his concomitant ideas that business is about the business idea rather than profit, that people are not primarily driven by greed, that stakeholder relationships are crucial for business, and that creative imagination in balancing all values and interests is at the root of greater value creation, are in fact perfectly reconcilable with the above.
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Kedathon, Dentamara, and Endang Sri Utami. "PENGARUH CORPORATE GOVERNANCE DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN." Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi 8, no. 4 (November 30, 2023): 521–27. http://dx.doi.org/10.24815/jimeka.v8i4.28405.
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Financial reports from 2020-2022 on the IDX reveal diverse conditions in the food and beverage sub-sector. Several companies are facing profit decreases, with some not experiencing growth. The impact of the Covid-19 pandemic is a significant factor in these trends. Prolonged profit declines can lead to a decrease in company value. Additionally, ineffective corporate governance practices internally contribute to the deterioration of corporation value. This analysis intends to decide the impact of managerial ownership, institutional ownership, independent commissioners, and corporation size on corporation value. This analysis uses a population of all corporations in the food and beverage sub-company on the IDX term 2020-2022, a total of 31 corporations with a sample size of 17 corporations using the purposive sampling method to produce 51 observation data. This method of collecting analytical data is documentation that refers to the financial reports of food and beverage sub-sector corporations via the official IDX website. The results of the analysis state that managerial ownership, institutional ownership, and independent commissioners have a positive significant impact on corporation value. Meanwhile, company size does not affect corporation value.
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Permana Soediro, Dede Indra, and Joko Setiyono. "Implementation of Beneficial Ownership in Corporations to Prevent the Crime of Money Laundering in Accordance with Law Number 8 of 2010." International Journal of Social Science Research and Review 7, no. 4 (April 9, 2024): 312–23. http://dx.doi.org/10.47814/ijssrr.v7i4.2076.
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The era of globalization influences the development of the world economy and one of them is the existence of many forms of business associations, in this case called corporations. Corporations are organized groups and/or assets, whether they are legal entities or non-legal entities. Corporations are often used as a place or business turnover for the proceeds of crime which is called money laundering. Crimes that are often committed by corporations are crimes related to money laundering. To prevent and eradicate the crime of money laundering, corporations must register their beneficial owners. A beneficial owner is an individual who can appoint or dismiss directors, commissioners, administrators, managers or supervisors of a corporation, has the ability to control the Corporation, is entitled to and/or receive benefits from the Corporation either directly or indirectly, is the actual owner of the funds or shares of the Corporation and/or fulfill the criteria as intended in the Presidential Regulation. The method used in this research is normative juridical, which is research using statutory regulations as study material. The data collection technique used by researchers in this research is a library study technique where data is obtained from scientific writings and research in articles and other journals. In order to prevent and eradicate the crime of money laundering, Law Number 8 of 2010 concerning the Prevention and Eradication of the Crime of Money Laundering was issued, as well as Presidential Decree Number 13 of 2018 concerning the Application of the Principle of Recognizing the Benefits of Corporations in the Context of Preventing and Eradicating the Crime of Money Laundering and Terrorism Financing Crime. When establishing a corporation, the beneficial owners of the corporation must be registered. The hope of this regulation is to prevent and eradicate criminal acts of money laundering carried out by corporations under the pretext or business reasons of corporate businesses.
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RODE, Sanjay. "Financing the Infrastructure of Municipal Corporation on Sustainable Basis: A Case Study of Vasai Virar Municipal Corporation." MANAGEMENT AND ECONOMICS REVIEW 8, no. 1 (February 10, 2023): 58–77. http://dx.doi.org/10.24818/mer/2023.02-05.
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Every Municipal Corporation must provide administrative services and develop infrastructure for people. The Vasai Virar Municipal Corporation is the fastest growing Municipal Corporation in the Mumbai Metropolitan Region. Urbanization is increasing rapidly in corporations, but infrastructure services are lagging behind. There is a mismatch between the revenue and expenditure of the corporation. The revenue receipts are significantly low due to lower property taxes and road construction. The revenue expenditure is increasing due to administration, architecture section, accounts, hospitals management, and construction sector. The capital receipts are significantly lower because of integrated health and family welfare receipts. The capital expenditure of the corporation has increased due to road repairing and construction, development work, and electricity expenditure. The municipal corporation must invest in civic infrastructure such as water supply, sanitation, solid waste and sewerage management, roads, public transportation, public gardens, street lights, and markets. Municipal Corporations must manage capital expenditure on a sustainable basis for civic infrastructure. It will improve the standard of living of the people.
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Richardson, Andrea, and Eleanor O'Higgins. "B Corporation Certification Advantages?" Business and Professional Ethics Journal 38, no. 2 (2019): 195–221. http://dx.doi.org/10.5840/bpej201961981.
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B Corporations are for-profit companies meeting specific social and environmental standards. This exploratory study into B Corporations aims to enhance the understanding of the certification on organizational performance. As previous research indicates that third party labels impact financial performance and that positive corporate social performance can lead to positive financial performance, this paper first seeks to determine whether B Corporation Certification positively impacts companies’ financial performance. Second, following previous B Corporation literature, this research tests whether certification leads to positive non-financial results in the form of strategic advantages. Finally, it asks whether Certification negatively impacts organizations’ plans to develop internationally and/or by going public. While this study’s results provide little support that B Corporation Certification impacts organizations’ financial performance or growth, they do indicate that B Corporations experience positive non-financial strategic results post certification. The results of this study may be used to infer or test conclusions about socially responsible labels more broadly in the future.
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P, Santhos Wachjoe. "PERTANGGUNGJAWABAN PIDANA TERHADAP KORPORASI." Jurnal Hukum dan Peradilan 5, no. 2 (April 16, 2018): 155. http://dx.doi.org/10.25216/jhp.5.2.2016.155-180.
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The existence of corporation affects the state economy, the society where the corporation stands and the society where the business run. Not only the positive effect but also the negative effect. The corporation was build for some mission and the way it reaches the mission were different one another. It is possible that one or more corporation was build in some way that prohibited by law. For that reason, there is a corporation is involved in various criminal acts or as a means to commit the crimes. Therefore, special attention needs to arrange to snare corporations to take responsibility for an act involving a corporation or as a tool in a criminal offense.Keywords: criminal responsibility, corporation.
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Kim, Hee Kwan, Joon Sun Yang, and Sang-Gun Lee. "Impact of Corporate Transaction Volume Ratio on Apartment Prices." Korea Real Estate Institute 34, no. 2 (June 30, 2024): 23–39. http://dx.doi.org/10.35136/krer.34.2.2.
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This study focused on the steadily increasing proportion of corporate transactions in the total apartment transaction volume. It also investigated the correlation between this proportion and apartment prices. The analysis confirmed a positive relationship between the corporation's share in apartment transaction volume and the apartment sales index. In particular, the direction of this relationship varied depending on the corporation's market participation status. When a corporation participated as a seller (buyer), it positively (negatively) correlated with the apartment sales index. This study has implications for achieving the policy goal of curbing speculative demand from corporations. However, the system must be restructured to incentivize corporations to actively engage in real estate transactions as sellers to ensure price stability in the real estate market.
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Mahmud, Ade. "URGENSI DAN SISTEM PERTANGGUNGJAWABAN PIDANA KORPORASI SEBAGAI PELAKU TINDAK PIDANA KORUPSI." Jurnal Hukum Mimbar Justitia 8, no. 1 (June 30, 2022): 70. http://dx.doi.org/10.35194/jhmj.v8i1.2085.
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The issue of criminal liability for corporations continues to be a concern for academics, practitioners and the business world because it always invites problems about who should be responsible for acts of corruption involving corporations. This study aims to analyze the urgency of corporate responsibility as perpetrators of corruption and the system of corporate responsibility in corruption. This study uses a normative juridical approach with secondary data analyzed descriptively qualitatively The results of the study show that the criminal liability of corporations as perpetrators of criminal acts of corruption is legally absolute as long as it can be proven that the act was intended for the benefit of the corporation, meaning that the actus reus mens rea in the management is considered as the evil intention of the corporation so that the corporation is very relevant to be burdened with criminal responsibility. The corporate criminal responsibility system which is considered appropriate for corruption is a responsibility system that places the corporation as the maker of the corporation that must be responsible even though in fact the act was carried out by the management but the action is seen as a corporate action.Keywords: Corruption, Corporate Liability.
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Rogov, N. V., and I. V. Kazmina. "Features of property management of corporations of the military-industrial complex in the production of high-tech products." Proceedings of the Voronezh State University of Engineering Technologies 83, no. 1 (June 3, 2021): 353–59. http://dx.doi.org/10.20914/2310-1202-2021-1-353-359.
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In the context of the systemic reform of the Russian economy, there is a tendency to the emergence of corporations in various sectors of the national economy. The military-industrial complex is no exception. The article deals with the specifics of property management of corporations of the military-industrial complex in the production of high-tech products. To achieve the strategic goals of the corporation, it is necessary to develop a strategy based on objective forecasts of the development of the arms market, taking into account potential external and internal risks, as well as an analysis of the strengths and weaknesses of the corporation. Corporate governance is based on the existing norms in the field of financial activities, securities, labor relations in the labor market, contractual obligations, and contractual activities between enterprises. It is proved that the adaptive development of corporations of the military-industrial complex directly depends on the competent organization of financial activities, as well as within its framework of credit and investment activities. The article presents the balance sheet model of financing of the defense industry corporation, which allows to form the budget of the defense industry corporation, based on the allocation of financial resources for the operation and development of the main activities of the defense industry corporation. One of the most important tasks of managing the property of corporations of the military-industrial complex is to provide opportunities for scientific and technological development, which, after commercialization, can create key strategic competitive advantages for enterprises of the defense industry corporation.
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Atkinson, Evelyn. "Telegraph Torts: The Lost Lineage of the Public Service Corporation." Michigan Law Review, no. 121.8 (2023): 1365. http://dx.doi.org/10.36644/mlr.121.8.telegraph.
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At the turn of the twentieth century, state courts were roiled by claims against telegraph corporations for mental anguish resulting from the failure to deliver telegrams involving the death or injury of a family member. Although these “telegraph cases” at first may seem a bizarre outlier, they in fact reveal an important and understudied moment of transformation in the nature of the relationship between the corporation and the public: the role of affective relations in the development of the category of the public utility corporation. Even as powerful corporations were recast as private, rights-bearing, profit-making market actors in constitutional law, a significant minority of rural state courts deviated from the common law to impose liability for mental anguish on negligent telegraph corporations. They did so on the basis that telegraph companies bore a duty to protect the emotional wellbeing and family connections of their customers. In this, courts gave voice to the popular view, voiced by telegraph users and promoted by the companies themselves, of the telegraph corporation as a faithful servant of individual families and communities. In so doing, they embedded the historical and popular perception of the corporation as “servant” into the definition of “public service.” This Article exposes the private law of the public service corporation and the noneconomic dimension of the legal category of “public utility.” Current scholarship has focused on how turn-of-the-century jurists developed the category of “public utility” or “public service” corporation to justify state economic regulations that would otherwise infringe on corporations’ newfound constitutional rights. The telegraph cases reveal a concurrent and complementary development in tort law: the imposition of affective responsibilities on certain corporations as well. Illuminating this doctrine offers an example of how the public utility category could be mobilized to protect the emotional as well as economic wellbeing of the public today.
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Maitland, Ian. "Distributive Justice in Firms: Do the Rules of Corporate Governance Matter?" Business Ethics Quarterly 11, no. 1 (January 2001): 129–43. http://dx.doi.org/10.2307/3857873.
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Abstract:Can we achieve greater fairness by reforming the corporation? Some recent progressive critics of the corporation argue that we can achieve greater social justice both inside and outside the corporation by simply rewriting or reinterpreting corporate rules to favor non-stockholders over stockholders. But the progressive program for reforming the corporation rests on a critical assumption, which I challenge in this essay, namely that the rules of the corporation matter, so that changing them can effect a lasting redistribution of wealth from stockholders to non-stockholders. This essay uses a critique of the progressive reform program to argue that the rules of the corporation are distributively neutral. The corporation isn’t rigged against non-stockholders, and changing its rules will not improve the bargaining power of non-stockholders. However, while the rules may be epiphenomenal from the standpoint of distributive justice, they can have substantial impacts on the corporation’s efficiency. As a result, the proposed reforms may hurt the corporation’s capacity to generate benefits for all the parties concerned.
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Saenger, Ingo. "The Best Interests of the Corporation, Procedural Questions of Enforcing Individual and Corporate Rights and Legal Actions against Board Members." European Business Law Review 26, Issue 1 (February 1, 2015): 13–29. http://dx.doi.org/10.54648/eulr2015002.
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This paper examines the procedure by which individual and corporate rights are enforced to protect the best interests of the corporation. The crucial question of just what the best interests of the corporation are, is focussed on particularly. The unique German approach of the 'best interests of the enterprise' is contrasted with the 'best interests of the corporation'. The different treatment given to the 'best interests of the corporation' and the 'best interests of the enterprise' by various German laws are used to illuminate the tensions between stakeholder and shareholder interests. It is pointed out that in fact, members of management boards and members of supervisory boards must take into consideration the interests of all stakeholders as part of the 'best interests of the enterprise'. Recent developments regarding causes of action for minority shareholders under German law are explained in greater detail. These developments are analysed for the potential and actual influence on the protection in Germany of the interests of corporations and minority shareholder interests. It is also considered how the German statutory provisions compare with the rules in the US, particularly with regards to statutory derivative actions. The importance of cultural norms on questions of corporate best interests is also discussed. It is concluded that under the German statutory derivative action it is still difficult for shareholders, particularly minority shareholders, to enforce the corporation's best interests.
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Wilburn, Kathleen, and Ralph Wilburn. "Benefit Corporations." Business and Professional Ethics Journal 38, no. 2 (2019): 223–47. http://dx.doi.org/10.5840/bpej201962182.
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More than half of the S&P 500 and the Fortune 500 companies publish corporate social responsibility (CSR) reports. CSR is at the heart of a new form of corporation, the benefit corporation, which requires the pursuit of a social purpose as well as pursuit of profit. Thirty-four states, plus the District of Columbia, have enacted benefit corporation legislation. Most laws require that benefit corporations publish reports on their social purpose performance using a third-party assessment format. The purpose of this paper is to analyze 1,530 benefit corporations identified by B Lab and the state of Minnesota for proof of social purpose performance, as demonstrated in reports on their websites. The study found some companies with excellent reports, but those had had a CSR focus prior to becoming benefit corporations or had been Certified B Corporations. However, most benefit corporations in the study had no published reports; many have no websites.
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Zimova, Natalia S., and Sofia M. Kalashnik. "The image of state high-tech corporations as a factor in the professional choice of modern youth." Alma mater. Vestnik Vysshey Shkoly, no. 1 (January 2024): 69–75. http://dx.doi.org/10.20339/am.01-24.069.
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The article is devoted to the analysis of the image of Russian high-tech state corporations, which in modern conditions are faced with the problem of attracting and retaining young specialists. One of the factors influencing the professional choice of young specialists is the image of corporations among young people. Based on the theory of social construction of reality and on articles on the formation of a corporate image, the authors highlight the social image of state corporations, which is formed spontaneously in the minds of young people under the influence of historical, social, cultural factors, and the image constructed by the management of state corporations using management technologies. Using the example of the state corporation Roscosmos, the authors identified and compared the social image among young people and the constructed image. In-depth interviews with representatives of the relevant departments of the Roscosmos corporation made it possible to identify the desired image for the corporation as an innovative and high-tech corporation that maintains its leading position in space, which is promising for young professionals. A questionnaire survey of Moscow youth revealed the predominance of a negative image of the company, which is especially pronounced among graduates of specialized educational institutions and young specialists in the aerospace industry. The identified discrepancy between the constructed image and the real image of the state corporation Roscosmos has a negative impact on attracting young specialists. The authors propose a number of measures aimed at solving the problem of constructing a positive image of state-owned high-tech corporations among young people.
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Tamyiz, Qiaro, and Taun. "ANALISIS PERTANGUNGJAWABAN TINDAK PIDANA PENCUCIAN UANG YANG DILAKUKAN OLEH KORPORASI." Juris 7, no. 2 (December 10, 2023): 477–85. http://dx.doi.org/10.56301/juris.v7i2.934.
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The concept of criminal liability against corporations s a new concept criminal law. The difficulty of mposing responsibility on the corporation n committing the crime of laundering creates problems, namely when the corporation s deemed to have committed a crime of money laundering and how s the responsibility mposed. To find out this, the researcher used the juridical-normative method, with secondary data sources through a statutory approach, a legal analytical approach and a case approach and a qualitative data analysis method. The results of the study show that Law No. 8 of 2010 PPTPUU does not directly regulate when a corporation commits the crime of money laundering, so the author needs to nterpret and link the articles of money laundering with corporations as the subject of a crime. The actor acts as the directing mind by mposing on the corporation and / or corporate controlling personnel. There s no explanation for the mposition of corporate responsibility so that n order to transfer the burden of responsibility to the corporation and / or corporate control personnel, t s necessary to use the doctrine of vacarious liability theory with the theory of responsibility approach: Delegation (doctrine of delegation), dentification (doctrine of dentification) and Aggregation (doctrine of aggregation), so that corporations can be punished / held accountable.
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Zulkarnain, Zulkarnain, and Zahir Rusyad. "PEMBAHARUAN CRIMINAL POLICY TENTANG SISTEM PERTANGGUNGJAWABAN PIDANA KORPORASI (Upaya Strategis dalam Penaggulangan Kejahatan Korporasi)." Widya Yuridika 1, no. 2 (December 13, 2018): 185. http://dx.doi.org/10.31328/wy.v1i2.747.
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Corporation crime is as extra ordinary crime we should fight against seriously. Great efforts must be made in order to remove this crime. Such effortst, however, are not in a direct proportion with the criminal policy serving as a base in its law enforcement. The criminal codes serving as the main legal law turn out just considering natural people as a subject of criminal law that may be criminaly assumed, instead of recognizing corporations as the subject of the criminal law, although in some corporation arrangements out of the criminal codes, there are some schemas that recognize corporations as a subject of law. Such arrangements, however are still doubtfully made, since the recognition of corporations as a subject of law in the law still denies the responsibility and comdemnation of corporation in the Indonesian criminal law still refer to a paradigm that position a person as a doer of crimes. As a result, although it is clear that the actor of crimes is a corporation, it is the natural person who should be responsible for the crime. Kata Kunci: korporasi, pertanggungjawaban pidana.
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Gordon, Gwendolyn J. "Legal and Cultural Construction of the Maori Corporate Person." Law & Social Inquiry 48, no. 1 (February 2023): 50–63. http://dx.doi.org/10.1017/lsi.2022.45.
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Our understandings of what corporations are—narratives of why they exist, who they serve, and their basic ontological status—matter for the way in which legal and ethical responsibilities become imputed to them. Interactions between the law of corporations and ordinary peoples’ thinking about themselves (as agents, as owners, and as responsible, or not, for an organization’s adherence to social mores) contribute to the way in which they imagine the corporation to be. Beyond the question of personhood, then, is the question of how the jurisprudence of the corporation is (en)cultured. To tease apart the multiple layers of this inquiry—to make the anthropologist’s move of rendering the familiar strange—it is useful to shift our attention to less typically encountered uses of the corporate form; here, a look at Indigenously owned corporations provides that new perspective. This slant view makes apparent new intersections between understandings of the reasons for corporate existence and the rights that the corporation might properly claim, suggesting the crucial role that these intersections might play in theorizing the corporation.
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Bintoro, Rahadi Wasi, Agus Raharjo, and Tedi Sudrajat. "Corporate criminal liability towards the doer of illegal, unregulated and unreported fishing in indonesia." E3S Web of Conferences 47 (2018): 06003. http://dx.doi.org/10.1051/e3sconf/20184706003.
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The seas in Indonesia are so wide and its natural wealth (fish) just can be explored and exploited by the ships which are owned by corporation. Those ships are potential to do illegal, unregulated and unreported (IUU) fishing. Even though corporation might commit a crime but the corporation can not be asked yet for the criminal liability. Nevertheless, criminal liability is charged to corporation’s staff. This research is included as normative research based on the study of law material. Stipulation of Article 101 Law Number 45 year 2009 jo Law Number 31 year 2004 on fishery, state that the claim and sanction in fishery criminal case which done by corporation will be given to corporation’s staff in form of fine penalty and added third of the given penalty. This is a reverse of criminal law because the other fields make corporation as the doer and can be asked for their responsibility. The theory development on criminal corporation liability seems does not followed by law maker. Consequently, there is no deterrent effect towards the doer of fishery criminal corporation cases. It needs law amendment and insert the corporation criminal liability clause, so there is a visible deterrent effect for the doer.
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Komleva, Natalia. "ARMED FORCES OF THE STATE AS AN INSTRUMENT TO SERVE THE INTERESTS OF GLOBAL AND TRANSNATIONAL CORPORATIONS." Political Expertise: POLITEX 17, no. 2 (2021): 198–207. http://dx.doi.org/10.21638/spbu23.2021.206.
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In the article, the armed forces of the state are considered as a tool to serve the interests of global and transnational corporations. The problem is studied within the framework of the methodology of geopolitical realism. It is argued that the global and transnational corporations are economic empires and they have a structural characteristic of an empire as such: imperial center (a particular corporation), inclusions (other global and transnational corporations absorbed by this corporation) and economic limitrophes (dependent companies, in the share capital of which this global or transnational corporation has a blocking/controlling stake). With the collapse of the USSR and the world system of socialism, economic empires become a global actor not only in economic processes, but also in political and socio-cultural processes. Under the influence of these processes, the institution of the state itself is reformatted. It is transformed into a corporation-state and becomes a social resource for the struggle of corporations in all geopolitical spaces. As a result, the armed forces, as a structural element of the state, serve not so much the interests of society as a whole, but mainly the interests of global and transnational corporations based in a given country. The main functions of the armed forces of the corporation-state in the process of conducting conventional military operations in defense of the interests of specific economic empires are the following: an armed struggle with organizations representing the interests of opposing economic empires; control of a territory with the resources that are being developed by ledger-based corporations located in the state, the structural element of which is these armed forces; the creation of obstacles (constant military threat) to penetrate a certain resource territory of competing economic empires without the use of warfare technologies or military bases.
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Inayah, Iin. "CORPORATE CRIMINAL LIABILITY." JHR (Jurnal Hukum Replik) 8, no. 2 (December 1, 2020): 89. http://dx.doi.org/10.31000/jhr.v8i2.3586.
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Abstract The evolution perspective that place person, not the only one criminal law subject, but also corporations, has ignored the principle “Universitas delinquent non potest” which has been used as a reason that corporations that commit the crime cannot be stated as perpetrators of crime, and shift into perspective that corporations can be stated as criminal law subject. Indonesia has recognized corporations as perpetrators of crime. This can be proven by the existence of corporate arrangements as perpetrators of criminal acts in various laws and regulations in Indonesia outside the Criminal Code. However, despite the recognition that corporations are subject to criminal law, in reality, we see that there are still many criminal acts involving corporations that do not direct corporations to become suspects in the judicial process. This would be a problem for law enforcement in Indonesia. With the recognition of the corporation as the subject of a criminal act, then it is important to criminalize not only the board but also related corporations. If corporate not addressed as criminal, therefore, the purpose of punishment will be different if the criminal is only addressed to administrators but not to the corporation. In general, the charging of criminal is the purpose as a deterrent effect against the corporation who committed the crime and also, also as an effort to prevent the criminal act is not performed by the other corporations. Associated with given criminal purposes, if only the criminal responsibility on the corporate board of sentencing objectives to be achieved will be difficult to achieve. It would be important to not only penalize the corporate board but also still penalize the corporation concernedKeywords: Corporate, criminal liability, criminal
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Gregg, Amanda, and Steven Nafziger. "Capital structure and corporate performance in late Imperial Russia." European Review of Economic History 23, no. 4 (September 10, 2018): 446–81. http://dx.doi.org/10.1093/ereh/hey020.
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Abstract This article investigates the financing of corporations in industrialization’s early stages by examining new balance sheet data describing all Imperial Russian corporations in 1914. We emphasize differences between two Russian corporation types: share partnerships and A-corporations. Share partnerships issued greater dividends, were less likely to issue bonds, and had larger accounts payable. We find that capital structures varied with age, size, and sector according to modern corporate finance theories and that scaled profits did not demonstrate differential market power across corporation types. Thus, Russian corporations exhibited considerable financial flexibility, and reducing incorporation costs could have benefited the Imperial Russian economy.
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Nyqvist, Anette. "The corporation performed: minutes from the rituals of annual general meetings." Journal of Organizational Ethnography 4, no. 3 (October 12, 2015): 341–55. http://dx.doi.org/10.1108/joe-12-2014-0037.
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Purpose – In this paper the annual general meetings (AGM) of corporations are conceptualized as front-stage performances and dramas where the three roles of the corporation – the shareholder, manager and director – perform the corporation as a particular type of organization. The paper aims to discuss these issues. Design/methodology/approach – Meeting ethnography conducted at four seasons of AGMs in Sweden. Findings – The study sheds light on how the required AGM of public companies may be seen as a ritualized, legitimizing and trust-building corporate performance where the different roles of the corporation are played out in positioning procedures and where the corporation as an organizational form is enacted. Originality/value – The topic is of this paper is clearly original. Looking at corporations from an anthropological angle, exploring foundation myths, rites and organizational cultures, have been employed earlier, but exploring AGMs from an anthropological angle, is new.
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Pletnev, D. A., and E. V. Kozlova. "Institutional Structure of Corporations (the Case of Large Russian Corporations)." Zhurnal Economicheskoj Teorii 18, no. 1 (2021): 87–102. http://dx.doi.org/10.31063/2073-6517/2021.18-1.6.
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Modern corporation is the main form of social production but its activity and development still remain a largely underex-plored question. Economic theory predominantly relies on simplified approaches based on mathematical modeling to study cor-porations, which gives us little in-depth understanding of the essence of this phenomenon. On the other hand, applied research on corporations does not rise to the level of theoretically significant generalizations. This paper proposes the following theoretical and methodological approach to analyzing the phenomenon of corporation: we identify institutional elements in its structure — institutions and routines. We use the cases of the largest Russian companies to demonstrate the possibility of using this approach to analyze specific corporations and their aggregates. The paper describes nine different routines that structure corporate actors’ interactions based on social norms, coercion, and private interest. We also conduct an analysis of the official sites of Russian cor-porations and sites with employee feedback, which leads us to evaluating each institution’s development from the triad: coercion, assistance, and opportunism. We found a significant correlation between the development level of each corporation’s institutional structure and its efficiency (profitability of sales and capitalization growth rate).
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Lee, Ian B. "Citizenship and the Corporation." Law & Social Inquiry 34, no. 01 (2009): 129–68. http://dx.doi.org/10.1111/j.1747-4469.2009.01141.x.
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This article investigates the contribution made by the concept of citizenship to contemporary understandings of the widely held business corporation. Because the conventional economic understanding of corporations and corporate law cannot fully explain the nature of the business corporation and the purposes of corporate law, the framework within which teachers and students of corporate law approach the corporation must be enlarged. By looking at the corporation exclusively through the lens of economics we are unable to account for all features of the corporation and corporate law, and we risk mistaking the purpose of these features, or wrongly supposing that they serve no purpose. The article proposes that through resort to a distinct set of conceptual tools—the concept of citizenship, borrowed from political theory—we can attain a fuller comprehension of the meaning of the corporation.
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Beets, S. Douglas. "An Ethical Revision of the Status Quo." Business and Professional Ethics Journal 41, no. 1 (2022): 1–32. http://dx.doi.org/10.5840/bpej20211229113.
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As currently designed, the business corporation is primarily designed for one simple purpose: the enrichment of stockholders. Considering the immense size and wealth of many modern corporations, however, this prioritized focus has deleterious ethical consequences, including a burgeoning wealth gap between those who own or manage the corporation and employees. Several individuals and organizations are calling for a redesign of the business corporation to benefit those affected by business organizations, such as employees and communities. One such design, developed in the village of Mondragon in the Basque region of Spain, is employee-owned with extensive profit sharing, employee training, limits on executive compensation, and financial support for the surrounding community. To examine the differences between the status quo corporation and a modified Mondragon model, an analysis was performed of the financial, employee compensation, and stock information of a sample of corporations of the Fortune 500 under both systems. While aggregate financial position and profitability did not differ significantly between the two models for the tested corporations and time period, the employee compensation, financial commitment to training and education, community financial support, and ethics of the two models have profound differences.
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Ruhiyat, Satya Marta, Ismansyah Ismansyah, and Nani Mulyati. "THE ROLE OF GENERAL ATTORNEY IN ERADICATION OF CORRUPTION BY CORPORATION." Diponegoro Law Review 4, no. 2 (October 1, 2019): 152. http://dx.doi.org/10.14710/dilrev.4.2.2019.152-166.
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Considerable efforts have been made to fight corruption, however it continues to occur in Indonesia. In the present time, corruptions do not only carry out by individuals but also by corporations. However, the Criminal Code and Criminal Procedure Code do not recognize and regulate corporations as the subject of criminal acts, so that law enforcement officials, especially prosecutors, have difficulty in charging corporations. This paper tries to answer question about the role of prosecutors in the eradication of corruption by corporation based on The General Attorney Regulation Number: PER-028/A/JA/10/2014 on guidelines for prosecuting corporation. The research method employed is normative juridical method, where the data is analyzed with qualitative methodology. The General Attorney Regulation on Corporate Legal Subjects explains more apparent criteria for actions that can be attributed to the corporation. The regulation combines several theories of corporate criminal liability not only heavily rely on vicarious criminal liability theory. It also provides direction about the separation of corporate liability and director’s liability. With this guideline, the public prosecutors have clearer direction to be able to charge the corporation so that it can restore the state finances that have been harmed by the corruption act.
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Wagdi, Osama, Mohamed Farouk, and Shereen Aly Hussien Aly Abdou. "The mediating role of common stock's liquidity between ownership structure characteristics and corporation's value: Evidence from emerging markets." International Journal of Applied Economics, Finance and Accounting 16, no. 2 (May 19, 2023): 274–87. http://dx.doi.org/10.33094/ijaefa.v16i2.980.
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The study investigated the mediating role of common stock liquidity between ownership structure characteristics and a corporation's value in emerging markets. A quantitative approach was adopted for seventy non-financial listed corporations from seven markets, including Brazil, Egypt, India, Russia, Saudi Arabia, South Africa, and Turkey. The data was collected annually from 2012 to 2021. After removing the outliers using winnowing at 1% and testing the stationary data, the study discovered that ownership structure characteristics and Common Stock’s Liquidity, under the control variables, determine the corporation's value in emerging markets by 69.35% according to panel data analysis but by 69.1% according to hierarchical regression analysis. Finally, the study found that Common Stock Liquidity played a significant mediating role, resulting in an average increase of 47.7% in interpreting the change in the value of the corporation in emerging markets. Therefore, common stock liquidity has a significant impact on the value of a corporation and should not be overlooked by top management and investors when making investment decisions in the stock exchange. Thus, common stock liquidity is one of the factors that create value for shareholders in emerging markets.
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Chandra, Septa. "CORRELATION BETWEEN THEORY OF CRIMINAL LIABILITY AND CRIMINAL PUNISHMENT TOWARD CORPORATION IN INDONESIA CRIMINAL JUSTICE PRACTICE." Jurnal Dinamika Hukum 17, no. 1 (May 2, 2017): 104. http://dx.doi.org/10.20884/1.jdh.2017.17.1.649.
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The question of the correlation between theory of criminal liability and criminal punishment on criminal acts committed corporation is important to investigate in order to provide justification for the criminal prosecution of corporations. How a mistake should be constructed from a corporation associated with the theory of corporate criminal liability. As a consequence of the improper condition on the corporate views of whether the corporation has made a criminal offense can be avoided as part of discretion in running the business. If these obligations are not met, the corporation can be condemned for committing crime. The practice of criminal justice to the determination of criminal liability for corporations is not fully in accordance with the theory of corporate criminal liability. In fact, the court decision does not yet reflect a consistent correlation between the theory of criminal liability and criminal punishment on criminal acts of the corporation.Keywords: criminal liability, corporate, criminal justice.
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Alexander, Frederick. "Delaware Public Benefit Corporations: Widening the Fiduciary Aperture to Broaden the Corporate Mission." Journal of Applied Corporate Finance 28, no. 2 (June 2016): 66–74. http://dx.doi.org/10.1111/jacf.12177.
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As a past practitioner of corporate law in Delaware for 26 years who remains convinced that the for‐profit corporation remains the best vehicle for raising and allocating private capital, the author nevertheless also believes that the stockholder primacy model that currently animates corporate fiduciary principles is too narrow. In the excerpts from his new book that make up this article, the author describes the “benefit corporation,” which introduces a corporate governance model based on stakeholder principles. This model encompasses a more complete recognition of the complex interdependencies between all aspects of a global society, and of the responsibility of corporations to reflect those interdependencies in their decision‐making. Although initially a skeptic, the author now believes that benefit corporation law offers an important opportunity for companies to align the interests of their investors with those of their stakeholders in a potentially value‐increasing way that is discouraged by traditional corporate law.State legislatures began authorizing benefit corporations in 2010, and they are now available in 32 U.S. jurisdictions. Over 3,000 benefit corporations have been formed. What's more, they are raising capital from traditional funders, including venture capitalists, and at least one benefit corporation has already gone public. As the author says in closing, “the stakeholder governance model facilitated by benefit corporations provides a clear path to a future of shared value creation, and some investors and corporations have started down that path.”
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Jones, Thomas M., and Norman E. Bowie. "Moral Hazards on the Road to the “Virtual” Corporation." Business Ethics Quarterly 8, no. 2 (April 1998): 273–92. http://dx.doi.org/10.2307/3857329.
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Abstract:In recent years, two topics have made prominent debuts in the management literature—“virtual” corporations and trust within and among organizations. These two themes are related in that trust is important to the success of the virtual corporation. This article argues that confidence in the development of virtual corporations may be premature because of what we call the Virtual Corporation Paradox. This paradox can be succinctly stated: the short-term, transient deal-making on which the efficiency of the virtual corporation rests greatly impedes the development of the mutually trusting and cooperative relationships on which its success depends. We examine both economic and sociological explanations for the emergence of trust in similar situations and find both deficient. We conclude that the success of virtual corporations will ultimately depend on an ethics-based form of corporate “character” that allows firms to develop trusting relationships without the usual safeguards or social norms.
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Linyiru, Dr Bruno Mugambi, and Dr Rutto Peter Ketyenya. "INFLUENCE OF PRO ACTIVENESS ON PERFORMANCE OF STATE CORPORATIONS IN KENYA." International Journal of Business Strategies 2, no. 2 (August 29, 2017): 21. http://dx.doi.org/10.47672/ijbs.288.
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Purpose: The purpose of this study was to establish the influence of pro activeness on performance of state corporations in Kenya.Methodology: The study adopted an explanatory research design. The population of the research consists of the 187 state corporations in Kenya as at 2013. The unit of analysis was the state corporation. A purposive sample of 55 commercial state corporations was included in the study. The study used primary data gathered using questionnaires.Results: Results indicated that pro-activeness is a key determinant of firm performance for commercial state corporations in Kenya.Policy recommendation: The study recommended that state corporation steps up to promote pro-activeness among its employees.
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Kasatkina, Aleksandra S., and Azizbek A. Ulugnazarov. "The main mechanisms for the implementation of codes of corporate ethics in the activities of multinational corporations." RUDN Journal of Law 28, no. 2 (June 11, 2024): 345–59. http://dx.doi.org/10.22363/2313-2337-2024-28-2-345-359.
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The corporate code of ethics of a transnational corporation establishes a global standard for business ethics, serving as a corporation’s “calling card” and a self-regulatory mechanism that enhances the corporate identity. The reputational aspect of corporate codes of ethics aims to demonstrate the transparency of the corporation in the relevant industry market, thereby fostering a certain level of trust from of external stakeholders. This article addresses fundamental issues concerning the legal nature of corporate codes ethics. It analyses the main mechanisms and methods of implementing these codes in the daily business activities of corporations. Specifically, the following issues are examined: the position and role of codes within the framework of local regulatory acts, employees’ adherence to codes within the scope of labor discipline, incentivizing counterparties to adhere not only to contract terms but also to the code norms and incorporation of corporate codes of ethic into the compliance system. Throughout the exploration of these topics, the authors address the key challenges and trends in the adoption, application and adherence to corporate codes of ethics by corporations. The paper provides critical analysis of the role of corporate codes of ethics in regulating labor and contractual relations involving corporations, as well as within the compliance system. The research methodology is based on formal logic, comparative legal, dialectical, and system-structural methods.