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1 – 10 of 43This chapter investigates and explores the array of political and social factors which influence the Chinese system of environmental protection, shedding light on the Chinese…
Abstract
Purpose
This chapter investigates and explores the array of political and social factors which influence the Chinese system of environmental protection, shedding light on the Chinese political and juridical process in constructing a stricter and more incisive legal framework.
Methodology/approach
Starting by observing national macroeconomic data, this chapter explores how the Chinese governance system affects the implementation of the legal framework of environmental protection. In addition, it also traces a brief panorama of the most important laws framing environmental protection in China.
Findings
Over the years, the Chinese environmental protection system has been strongly affected by the national multilayered governance system. Nevertheless, the initiative launched by China (more intensively starting from the 11th five-year plan) to build a more virtuous environmental protection system now seems to be returning positive results, in both the renewed legal framework and – even more so – in the attempt (through addressing environmental issues) to reform the entire apparatus of national governance.
Practical implications
The multi-structured national system, which hides conflicting political and economic interests at central and local levels, represents one of the biggest problems for China. This chapter argues that only through a deep reform of the national management scheme can China really guarantee a better future for its environment.
Originality/value
Literature on Chinese environmental protection tends more often to investigate the legal aspect when edifying its environmental legal framework. Very few studies combine economic data and political analysis when studying the Chinese legal framework and its implementation.
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Juli Ponce, Alexandre Peñalver, Oscar Capdeferro and Lloyd Burton
The law of catastrophic wildfire prevention and response in the Mediterranean member states of the European Union stands in stark contrast to that of common law nation states such…
Abstract
The law of catastrophic wildfire prevention and response in the Mediterranean member states of the European Union stands in stark contrast to that of common law nation states such as Australia and the United States. This is due primarily to the higher levels of reciprocal moral and legal obligations between governments and citizens established in various sources of European law. Focusing on the relationship between the EU, Spain, and the Autonomous Community of Catalonia within Spain, this chapter describes these three legal frameworks as they are nested within each other, followed by some case law examples of these laws in action. We compare and contrast the philosophical assumptions underlying the utilitarian cost–benefit approach to regulatory justification used in the United States with the precautionary principle model emblematic of the European Union, the member state of Spain, and its Autonomous Community of Catalonia. Regardless of approach, protection of the public health, safety, and welfare will only be as robust and effective as the government agencies that have that responsibility, and the degree of cooperation with those agencies of the citizens they serve.
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There are ever growing relations and mutual influences between law and global economic context: so, there arises the need for them to be investigated in a legal perspective, which…
Abstract
Purpose
There are ever growing relations and mutual influences between law and global economic context: so, there arises the need for them to be investigated in a legal perspective, which is the aim of this paper.
Design/methodology/approach
The method used tries to combine the empirical observation of the legal and economic reality in today's world and a few essential theoretical foundations such as the freedom to dispose of one's rights by wave of contractual instrument.
Findings
The dramatic crisis that the global world has had to face over the past few years compels legal scholars to revisiting process of traditional categories in order to adapt them to society's changing problems.
Research limitations/implications
Future research should take into account the impact that legal phenomenons may have on the economic structure of a global society and adopt a more practical approach.
Practical implications
A transnational approach to the tackling of global problems should be taken by lawyers and governments so that a new trend is pursued in terms of the harmonization of national solutions to problems that are spread over the world.
Social implications
If a transnational approach is actually part of a renewed analysis all national communities should benefit as their problems would be perceived not as theoretical puzzles but as matters deeply related to the conditions of their everyday lives.
Originality/value
A message is being sent to legal circles for a change of attitude and to governments for the strengthening of their cooperation with a view to fully shared legal instruments to be recognized well beyond national boards.
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Focuses on what can be referred to as the “fundamental philosophical issues of corporate governance”. Outlines the interdependence of various kinds of governance. Demonstrates…
Abstract
Focuses on what can be referred to as the “fundamental philosophical issues of corporate governance”. Outlines the interdependence of various kinds of governance. Demonstrates that corporate governance is part of a bundle of governances and that, in this respect, it occupies a leading place to the degree that its principles are becoming consolidated. Then discusses in a more detailed manner what is meant by the term “dominant functionalism”. Then deals with the question of the equilibrium between sovereignty and legitimacy from the point of view of corporate governance. In effect, rules of governance (considered as the designation of a sovereign power) are searching for a legitimizing instance originating outside the framework of those rules. Finally, covers the proprietarialist origins of stakeholder theory, origins which correspond to a moderate liberal tradition.
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European Educational Policies have been studied not only from an economic and political approach but also from an educational and cultural one. On this basis, and according to the…
Abstract
European Educational Policies have been studied not only from an economic and political approach but also from an educational and cultural one. On this basis, and according to the contemporary political, cultural, economic and social changes and reclassifications, modern higher education and teacher education – not only in Europe but in Africa and elsewhere – suggest new aims and targets. These aims are to find new ways of knowledge communication and production. Educational policies in Europe – like the Bologna Declaration and the Uniformization of Higher Education provide some ‘lessons’ for Higher Education and Teacher Education in Africa.
The “global responsibility” theme is today in the same state of affairs as the “sustainability” theme, devised by the UNO, was in the 1990s. From a meaningless compromise…
Abstract
The “global responsibility” theme is today in the same state of affairs as the “sustainability” theme, devised by the UNO, was in the 1990s. From a meaningless compromise situation, it has gradually acquired some sense, due to the interest shown by the actors, whether these belong to the political scene, non‐governmental organizations, enterprises, etc. Insofar as the “global responsibility” theme contains the word “responsibility”, it is necessary to propose an understanding of it, with reference to the various areas supporting it (its use in law, in philosophy) before underlining the development of the theme of responsible enterprise and the search for an underlying concept. This text ends on an analysis of the ideological function of the “global responsibility” theme.
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Chih-Pin Lin and Tse-Ping Dong
Although recent models of place branding have proposed culture as a crucial element in establishing a strong place or nation brand, the way in which cultural products influence…
Abstract
Purpose
Although recent models of place branding have proposed culture as a crucial element in establishing a strong place or nation brand, the way in which cultural products influence the brand equity of other products from the same nation has not yet been studied. This study aims to argue that when a nation has strong legal institutions, as perceived by investors and managers, it offers fertile soil for cultivating cultural products that, when exported, can act as “cultural ambassadors,” promoting the country image in the minds of consumers and the value of the country's brands.
Design/methodology/approach
Exports of cultural products are provided by UNESCO. Valuable brands are those that brand finance included in its global top 500 most valuable brands list. The rule of law is provided by the World Bank. Panel regression models are used.
Findings
Supporting the hypotheses, exports of cultural products show positive effects on the value of brands from that country, and the rule of law shows positive effects on exports of cultural products.
Practical implications
Policymakers could improve the brand value of local firms by promoting exports of cultural products. To do so, policymakers should initiate judicial reforms that strengthen the rule of law to protect contracts and property rights.
Originality/value
This study examines the hitherto underexplored effects that a country's cultural product exports have on the brand value of firms from that country. Most prior research has focused on factors affecting imports of cultural products.
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This study aims to determine experimentally factors affecting the satisfaction of retail stock investors with various investor protection regulatory measures implemented by the…
Abstract
Purpose
This study aims to determine experimentally factors affecting the satisfaction of retail stock investors with various investor protection regulatory measures implemented by the Government of India and Securities and Exchange Board of India (SEBI). Also, an effort has been made to gauge the level of satisfaction of retail equities investors with the laws and guidelines developed by the Indian Government and SEBI for their invested funds.
Design/methodology/approach
To accomplish the study’s goals, a well-structured questionnaire was created with the help of a literature review, and copies of it were filled by Punjabi retail equities investors with the aid of stockbrokers, i.e. intermediaries. Amritsar, Jalandhar, Ludhiana and Mohali-area intermediaries were chosen using a random selection procedure. Xerox copies of the questionnaire were given to the intermediaries, who were then asked to collect responses from their clients. Some intermediaries requested the researcher to sit in their offices to collect responses from their clients. Only 373 questionnaires out of 1,000 questionnaires that were provided had been received back. Only 328 copies were correctly filled by the equity investors. To conduct the analysis, 328 copies, which were fully completed, were used as data. The appropriate approaches, such as descriptives, factor analysis and ordinal regression analysis, were used to study the data.
Findings
With the aid of factor analysis, four factors have been identified that influence investors’ satisfaction with various investor protection regulatory measures implemented by government and SEBI regulations, including regulations addressing primary and secondary market dealings, rules for investor awareness and protection, rules to prevent company malpractices and laws for corporate governance and investor protection. The impact of these four components on investor satisfaction has been investigated using ordinal regression analysis. The pseudo-R-square statistics for the ordinal regression model demonstrated the model’s capacity for the explanation. The findings suggested that a significant amount of the overall satisfaction score about the various investor protection measures implemented by the government/SEBI has been explained by the regression model.
Research limitations/implications
A study could be conducted to analyse the perspective of various stakeholders towards the disclosures made and norms followed by corporate houses. The current study may be expanded to cover the entire nation because it is only at the state level currently. It might be conceivable to examine how investments made in the retail capital market affect investors in rural areas. The influence of reforms on the functioning of stock markets could potentially be examined through another study. It could be possible to undertake a study on female investors’ knowledge about retail investment trends. The effect of digital stock trading could be examined in India. The effect of technological innovations on capital markets can be studied.
Practical implications
This research would be extremely useful to regulators in developing policies to protect retail equities investors. Investors are required to be safeguarded and protected to deal freely in the securities market, so they should be given more freedom in terms of investor protection measures. Stock exchanges should have the potential to bring about technological advancements in trading to protect investors from any kind of financial loss. Since the government has the power to create rules and regulations to strengthen investor protection. So, this research will be extremely useful to the government.
Social implications
This work has societal ramifications. Because when adequate rules and regulations are in place to safeguard investors, they will be able to invest freely. Companies will use capital wisely and profitably. Companies should undertake tasks towards corporate social responsibility out of profits because corporate houses are part and parcel of society only.
Originality/value
Many investors may lack the necessary expertise to make sound financial judgments. They might not be aware of the entire risk-reward profile of various investment options. However, they must know various investor protection measures taken by the Government of India & Securities and Exchange Board of India (SEBI) to safeguard their interests. Investors must be well-informed on the precautions to take while dealing with market intermediaries, as well as in the stock market.
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Questionable ethical decisions and morally reprehensible practices are often motivated by pressures, the product of circumstances surrounding the socio-political and…
Abstract
Questionable ethical decisions and morally reprehensible practices are often motivated by pressures, the product of circumstances surrounding the socio-political and socio-economic world we inhabit. Having an awareness of the interacting connection between propagated actions of agents and the consequent effects on others (even non-actions can perpetuate effects), more often than not come down to the judgements made that consequently impact the lives, property, and/or environment. Therefore, good ethical decision-making requires distinguishing between different associated thinking processes with attendant consideration given to impact influences. In this reflective piece, the author argues that knowing first requires the knower – the embodied agent – having an understanding of that said to be known. The author recognises and accepts that the application of what constitutes ethics is a dynamic process which one can learn, that can be understood and practiced, but which requires internalising what constitutes ethical conduct through an embodying process involving critical broad range agential reflective thinking and indeed praxis.
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Najla Arfaoui, Mahrane Hofaidhllaoui and Ginni Chawla
The notion of social performance of the company (SPC) is a fundamental concept of the research on ethics of business and work on company-society relationships. The study raises…
Abstract
Purpose
The notion of social performance of the company (SPC) is a fundamental concept of the research on ethics of business and work on company-society relationships. The study raises several debates concerning SPC’s determinants. The purpose of this paper is to provide a framework of SPC along with its social and technological determinants. After identification of the determinants, the authors have searched through a managerial perspective to recognize the effects of these determinants on SPC.
Design/methodology/approach
Content analysis of 18 semi-structured interviews with the HR managers, and statistical analysis of data collected from Managers/HR Managers (n=250) working in private and public sector banks of Tunisia was undertaken. Structural equation modeling (SEM), has been used to test the hypotheses and statistically validate the proposed relationships. Data for the study were collected online.
Findings
Results indicate a strong interrelationship between SPC and its determinants. Such an interrelation aims to enrich the framework of analysis of the SPC by considering the action of social responsibility of the company, organizational commitment and managers’ characteristics on one hand, and human resources information system, the practices of knowledge management, and facilitating conditions for the use of the information and communication technologies on the other.
Originality/value
The study reconciles various perspectives in the SPC literature and presents a comprehensive model of SPC by identifying its determinants – social and technological, which could stimulate the SPC in Tunisian context.
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