haku: @indexterm stakeholders / yhteensä: 511
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Tekijä:Coleman, L.
Otsikko:Losses from failure of stakeholder sensitive processes: financial consequences for large US companies from breakdowns in product, environmental, and accounting standards
Lehti:Journal of Business Ethics
2011 : JAN II, VOL. 98:2, p. 247-258
Asiasana:USA
companies
stakeholders
ethics
corporate finance
behavioural science
environment
products
standards
accounting standards
Kieli:eng
Tiivistelmä:In order to examine an old research question of 'Do firms hurt their financial performance by damaging stakeholder interests', this study utilizes the databases of U.S. government on-line listings of fines for environmental breaches, unsafe workplaces, fraudulent accounting standards, and product recalls. Using a sample of all non-financial S&P 500 firms during the most recent full-cycle of 1998-2003, sales margins of firms fell by 0.8 per cent if they announced a product recall and by 0.4 per cent if cited by OSHA for an unsafe workplace, and shareholder return was significantly reduced by an EPA or SEC prosecution etc.
SCIMA tietueen numero: 276651
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