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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

Author

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  • Boeva, Bistra

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 macroand 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

  • Boeva, Bistra, 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," MPRA Paper 70680, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70680
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    File URL: https://mpra.ub.uni-muenchen.de/70680/1/MPRA_paper_70680.pdf
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    References listed on IDEAS

    as
    1. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    2. 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.
    3. Andreas Rasche & Sandra Waddock, 2014. "Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics," Journal of Business Ethics, Springer, vol. 122(2), pages 209-216, June.
    4. 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.
    5. Chris Mason & John Simmons, 2014. "Embedding Corporate Social Responsibility in Corporate Governance: A Stakeholder Systems Approach," Journal of Business Ethics, Springer, vol. 119(1), pages 77-86, January.
    6. Patrick Haack & Andreas Scherer, 2014. "Why Sparing the Rod Does Not Spoil the Child: A Critique of the “Strict Father” Model in Transnational Governance," Journal of Business Ethics, Springer, vol. 122(2), pages 225-240, June.
    7. Judith L. Walls & Pascual Berrone & Phillip H. Phan, 2012. "Corporate governance and environmental performance: is there really a link?," Strategic Management Journal, Wiley Blackwell, vol. 33(8), pages 885-913, August.
    8. 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.
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    Citations

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    Cited by:

    1. Pavel Lebedev, 2019. "Management Accounting Maturity Levels Continuum Model: a Conceptual Framework," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 5, ejes_v5_i.
    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. Małgorzata Dobrowolska & Bernadetta Izydorczyk, 2017. "Classifications of People Addicted to Work, Treatment and Measurement of Workaholism - A Case Study," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.
    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 governance; stakeholders; global supply chains; corporate social responsibility; 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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