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Corporate Governance and Global Supply Chains: How Self -regulation Replaces the Lack of Regulatory Initiatives or Do Regulatory Initiatives Add Value to Corporate Governance

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  • Bistra Boeva

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This paper poses some questions related to the current state of international business and the way it is governed by big multinationals. The author aims to examine critically how corporate boards of listed companies design and monitor the policy of their companies towards their suppliers - Global Supply Chains. Environmental and social issues in the buyer-supplier relations are on the agenda of policy makers at both national and international levels. Global business players devise initiatives to fight child abuse, pollution, improper usage of natural resource. Academia examines the above issues through the prism of macro and microeconomic studies, social and environmental research. This paper aims to analyze the role of good corporate governance in coping with bad working conditions in factories in developing economies and related environmental problems. The focus is on the compliance with one of the six corporate governance principles: recognizing the rights of stakeholders. Traditional research methods are employed to meet the objective of the study: literature survey and case studies

Suggested Citation

  • Bistra Boeva, 2015. "Corporate Governance and Global Supply Chains: How Self -regulation Replaces the Lack of Regulatory Initiatives or Do Regulatory Initiatives Add Value to Corporate Governance," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 5-19, December.
    • Handle: RePEc:nwe:eajour:y:2015:i:4:p:5-19
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    References listed on IDEAS

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    1. Patricia Crifo & Vanina Forget, 2013. "Think Global, Invest Responsible: Why the Private Equity Industry Goes Green," Journal of Business Ethics, Springer, vol. 116(1), pages 21-48, August.
    2. Dunning, John H., 2000. "The eclectic paradigm as an envelope for economic and business theories of MNE activity," International Business Review, Elsevier, vol. 9(2), pages 163-190, April.
    3. Gary Peters & Andrea Romi, 2014. "Does the Voluntary Adoption of Corporate Governance Mechanisms Improve Environmental Risk Disclosures? Evidence from Greenhouse Gas Emission Accounting," Journal of Business Ethics, Springer, vol. 125(4), pages 637-666, December.
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    Cited by:

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    2. Manjengwa, Evelyn Ruvimbo & Dorfling, Christie & Tadie, Margreth, 2023. "Development of a conceptual framework to evaluate factors that affect drivers for stakeholder engagement in mine waste management," Resources Policy, Elsevier, vol. 81(C).
    3. Ozlem KUTLU FURTUNA, 2017. "Stock Allocation in Turkish Capital Markets: Industry and Firm Level Perspectives," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, September.
    4. Grygorak Mariya, 2018. "Formation of management mechanisms of balanced development of logistics services market," Technology audit and production reserves, 2(40) 2018, Socionet;Technology audit and production reserves, vol. 2(4(40)), pages 29-37.

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    More about this item

    Keywords

    corporate social responsibility; corporate governance; stakeholders; global supply chains; boards; nonfinancial information;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G3 - Financial Economics - - Corporate Finance and Governance

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