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Emerald Group Publishing Limited
Copyright © 2013, Emerald Group Publishing Limited
Article Type: Editorial From: International Journal of Law and Management, Volume 55, Issue 3
This issue opens with an article by Li Sun and Fuad Rakhman, working in the USA and Qatar, respectively, entitled “CFO financial expertise and corporate social responsibility: evidence from S&P 500 companies.” Using a sample of S&P 500 firms from 2005, they find that the CFO experience (measured by tenure) is positively related to corporate social responsibility (CSR) at a significant level. In addition, results indicate that CSR activities are not related to the CFO’s education (measured as an MBA degree) or accounting expertise (measured as certified public accountant designation). Findings suggest that CFOs with more experience engage in more CSR activities than CFOs with less experience, which may be unsurprising but certainly is worth documenting and explanation.
Next comes “Rethinking CSR in Australia: time for binding regulation?” by Kunnawee Thirarungrueang working at James Cook University in Australia. This paper provides the reader with a clear insight into the discussion over the voluntary aspect of CSR and the attempts to introduce regulatory reforms to control corporate activities within Australia.
Third, Joshua Abor and Vera Fiador of the Univeristy of Ghana Business School asks “Does corporate governance explain dividend policy in Sub-Saharan Africa?” Using a sample made up 27 Ghanaian firms, 177 Nigerian firms, 51 Kenyan firms, and 270 South African firms covering the period 1997-2006, the author employs a simultaneous panel regression model in her estimation, which makes for fascinating reading.
Finally, we have designing an appropriate valuation models for a sustainable property tax system in developing by Gabriel Babawale from Lagos, Nigeria. This study seeks to contrive a sustainable valuation model for developing countries: a model that reasonably combines simplicity with equity, cost effectiveness, transparency, and the peculiarities of the local market place for improved revenue yields.
Again, this is truly an international issue with some fascinating topics examined and discussed.