Post by arfanho7 on Feb 24, 2024 4:20:19 GMT -5
Controlling for these effects and other ratings determinants we find that firms with lower residual ratings have higher subsequent citations in corruption news events. They also report higher future sales growth and show a negative relation between profitability change and sales growth in high corruption geographic segments but not in low corruption segments. The net effect on valuation from sales growth and changes in profitability is close to zero.
The findings are robust to a number of sensitivity tests including analysis of a narrower set of self reported anticorruption efforts for a larger sample over multiple years. Given this evidence we conclude that on average firms self reported anticorruption efforts signal real efforts to combat corruption and are not Egypt WhatsApp Number List merely cheap talk. Publisher s link http hbs faculty Pages item.aspx num Monitoring Global Supply Chains By Short Jodi L. Michael W. Toffel and Andrea R. Hugill ABSTRACT—Firms reliant on supply chains to manufacture their goods risk reputational harm if the working conditions in those factories are revealed to be dangerous illegal or otherwise problematic.
While firms are increasingly relying on private sector social auditors to assess factory conditions little had been known about the accuracy of those assessments. We analyzed nearly code of conduct audits conducted at nearly suppliers around the world. We found that audits yield fewer violations when the audit team had been at that particular supplier before when audit teams are less experienced or less trained when audit teams are all male and when the audits were paid for by the supplier instead of by the buyer.
The findings are robust to a number of sensitivity tests including analysis of a narrower set of self reported anticorruption efforts for a larger sample over multiple years. Given this evidence we conclude that on average firms self reported anticorruption efforts signal real efforts to combat corruption and are not Egypt WhatsApp Number List merely cheap talk. Publisher s link http hbs faculty Pages item.aspx num Monitoring Global Supply Chains By Short Jodi L. Michael W. Toffel and Andrea R. Hugill ABSTRACT—Firms reliant on supply chains to manufacture their goods risk reputational harm if the working conditions in those factories are revealed to be dangerous illegal or otherwise problematic.
While firms are increasingly relying on private sector social auditors to assess factory conditions little had been known about the accuracy of those assessments. We analyzed nearly code of conduct audits conducted at nearly suppliers around the world. We found that audits yield fewer violations when the audit team had been at that particular supplier before when audit teams are less experienced or less trained when audit teams are all male and when the audits were paid for by the supplier instead of by the buyer.
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