Managerial Finance: Volume 48 Issue 8

Guest editorial: Historical perspectives on corporate governance debate and introduction to the special issue on corporate governance and sustainability

Krishnan Dandapani, Manuchehr Shahrokhi

The purpose of this study is the development of an integrated framework between corporate governance and sustainability, based on the advancements within the field of contemporary…

Corporate governance and stakeholder capitalism

Manuchehr Shahrokhi, Ali M. Parhizgari, Mohammad Hashemijoo, Collins E. Okafor, Yuka Nishikawa, Alireza Dastan

The authors revisit the inquiry into the primacy of shareholders vis-à-vis stakeholders that has been debated since 19th Century. The authors consider B-business firms as the…

Toward sustainability reporting in the MENA region: the effects on sector's performance

Amina Buallay

This study investigates the relationship between the level of sustainability reporting and sector's performance (operational, financial and market) in Middle East and North…

Green innovation and environmental misconduct

Blake Rayfield, Omer Unsal

The aim of this study is to discuss the idea that the legal cost of environmental violations, along with reputational concerns, may persuade firms to generate more green patents.

Board co-option and employee welfare

Yuka Nishikawa, Mohammad Hashemi Joo, Collins E. Okafor

The purpose of this paper is to investigate the relationship between corporate board co-option and employee welfare practices.

Revisiting the gender gap in CEO compensation: rectifying conflictive findings by correcting Gupta, Mortal, and Guo’s (2018) misapplication of absorption in unbalanced panel

Aaron Hill, Arun Upadhyay, Rafik Beekun

Many scholars and practitioners lament female pay gaps and the ethical issues they pose; yet several studies provide supporting evidence showing that the female CEOs earn more…

ESG, operational efficiency and operational performance: evidence from Real Estate Investment Trusts

Ramya Rajajagadeesan Aroul, Sanjiv Sabherwal, Sriram V. Villupuram

The purpose of the paper is to examine the relationship between the Environmental, Social and Governance (ESG) performance of Real Estate Investment Trusts (REITs) and their…

The Sell-in-May effect in ESG indices

Ivelina Pavlova, Jeff Whitworth, Maria E. de Boyrie

This study explores the “Sell-in-May” effect in environmental, social and governance (ESG) indices and compares the seasonal effects in ESG equity indices with conventional equity…

How AI affects the future relationship between corporate governance and financial markets: a note on impact capitalism

Russ McBride, Alireza Dastan, Poorya Mehrabinia

The authors discuss how artificial intelligence (AI) can facilitate and incentivize reform in corporate social responsibility (CSR), i.e. governance with regard to pledge for…

Green and socially responsible finance: past, present and future

Umaira Danish Dervi, Ashraf Khan, Irum Saba, M. Kabir Hassan, Andrea Paltrinieri

Green finance has shown the importance of being socially responsible and supporting the flow of financial instruments to develop environmentally sustainable and ethical business…

Amplifying and promoting the “S” in ESG investing: the case for social responsibility in supply chain financing

Vaishali Baid, Vaidyanathan Jayaraman

The purpose of this paper is to amplify the importance of social responsibility in supply chain finance to promote the “S” in environmental, social and governance (ESG) investing…