Waseda Organizational and Financial Economics Seminar:
“Regulating Self-Regulation: Understanding regulatory trade-offs around mandatory non-financial disclosure” (5/21)
講演者 / Speaker
JACKSON, Gregory (Professor, Freie Universität Berlin)
日 時 / Date & Time
2018年5月21日(月) 13:00~14:30
会 場 / Venue
早稲田大学 早稲田キャンパス 11号館 11階 1112教室
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 開会の挨拶(宮島 英昭 早稲田大学 高等研究所長 / 商学学術院 教授)
13:05~14:05 講演
14:05~14:25 質疑応答
14:25~14:30 閉会の挨拶(宮島 英昭)
対 象 / Prospected Audience
学部生・大学院生・研究者・教職員 等
主 催 / Organizer
早稲田大学 産業経営研究所
早稲田大学 高等研究所
申込み / Registration
事前申込み不要です。直接会場にお越しください。