Waseda Organizational and Financial Economics Seminar:
“Regulating Self-Regulation: Understanding regulatory trade-offs around mandatory non-financial disclosure” (May 21)
講演者 / Speaker
JACKSON, Gregory (Professor, Freie Universität Berlin)
日 時 / Date & Time
Monday, 21 May 2018, 13:00 – 14:30
会 場 / Venue
Rm. 1112 on the 11th floor, Building #11, Waseda University
主 旨 / Outline
“Regulating Self-Regulation: Understanding regulatory trade-offs around mandatory non-financial disclosure”
The article examines the effects of mandatory non-financial disclosure (NFD) on CSR activities. We conceptualize trade-offs between government regulation and self-regulation in relation to corporate social responsibility (CSR). Whereas pure business self-regulation is associated with high flexibility and freedom for business to develop best practices, problems of complacency may remain if many firms choose not engage with CSR. Meanwhile, state regulation is associated with greater stringency around minimum standards, but may suffer from problems of rigidity where “one size fits all”. Given these potential trade-offs, we ask how mandatory NFD shapes CSR practices and thus answer questions about the effectiveness of this form of governance. Our analysis on 24 OECD countries using the Asset4 database shows that firms in countries with mandatory NFD adopt significantly more CSR activities. However, our analysis also demonstrates a decreases the variance between firm activities, contrary to arguments about flexibility. Furthermore, NFD does not lead to a decline in corporate irresponsibility. These results have implications for our understanding of the effectiveness of CSR regulation and ethical questions to promote more effective forms of CSR and prevention irresponsibility.
プログラム / Schedule
13:00~13:05 Opening Remarks (MIYAJIMA, Hideaki (Director, WIAS / Professor, Waseda University))
13:05~14:05 Presentation
14:05~14:25 Question-and-answer session
14:25~14:30 Concluding Remarks(MIYAJIMA, Hideaki )
対 象 / Prospected Audience
Faculty and staff members of a university, grad students, undergraduates, the general public
主 催 / Organizer
Research Institute of Business Administration,Waseda University
Waseda Institute for Advanced Study,Waseda University
申込み / Registration
Free of charge. Please come to the event venue directly.