The purpose of corporations has long been debated, with the traditional view asserting that a firm's primary responsibility is to maximize shareholder profits. This profit-centric approach is believed to drive efficiency, innovation, and economic growth. However, an evolving perspective argues that corporations have broader responsibilities that include social and environmental considerations, suggesting that corporations should also focus on the well-being of employees, fair wages, and sustainable practices to create positive social impacts and long-term benefits.
Responsible Firms: CSR, ESG, and Global Sustainability examines global contemporary models of the "responsible firm", investigating how broader social responsibilities are, or are not, integrated and proposing new concepts and frameworks to improve.
International Finance Review publishes theme-oriented volumes on various issues in international finance, such as international business finance, international investment and capital markets, global risk management, international corporate governance and institution, currency markets, emerging market finance, international economic integration, and related issues.
PART I. AN OVERVIEW: CONCEPTS AND MEASUREMENTS
Chapter
1. Responsible Firms and Global Sustainability: Towards an Integrated
Framework; Jongmoo Jay Choi and Jimi Kim
Chapter
2. Measuring CSR, ESG, and Sustainability; J.H. John Kim and Sebeom
Oh
PART II. CSR, ETHICS, AND SUPPLY CHAINS
Chapter
3. Corporate Social Responsibility Strategy: The Effects of
Legitimacy and Authenticity on Corporate Reputation; Robert A. Rodriques
Chapter
4. A Comparison Of Business Ethics In China, Japan, And Korea ;
Taehee Choi, Nakano Chiaki, and Zhou Zucheng
Chapter
5. Challenges Of CSR Implementation In Supply Chains: A Thematic
Review In The Emerging Market Context; Julianne Sellin
PART III. ESG, CLIMATE RISK, AND POLITICS
Chapter
6. Assessing Firms ESG Performance Using The Topsis; Palak Rathi,
Ankit Nyati, Rushina Singhi, and Anubha Srivastava
Chapter
7. Fossil-Washing? The Fossil Fuel Investment of ESG Funds; Alain
Naef
Chapter
8. Climate Risks, Sustainable Finance, and Green Growth: The
Evolution of Fintech; Hai Hong Trinh, Ilham Haouas, and Tien Thi Thuy Tran
Chapter
9. The ESG Backlash: Politics, Ideology, and The Future of
Sustainable Business; Henrik Skaug Stra
PART IV. MNE, AI, AND GLOBAL SUSTAINABILITY
Chapter
10. Sustainability as Strategy: The Financial Performance of Un
Global Compact Network Australia (UNGCNA) Member Firms On The Australian
Securities Exchange (ASX); Paul X. McCarthy, Michael Parker, and Xian Gong
Chapter
11. Business Engagement With the Sustainable Development Agenda:
Evidence from Türkiye; Burcin Hatipoglu and Bengi Ertuna
Chapter
12. The Transformative Impact of AI On CSR, ESG, And Sustainability:
Critical Review and Case Studies; Bora Ozkan
Chapter
13. How Do Consumer Goods Multinationals Engage with Corporate
Sustainability? A Cross-Company Case Study Analysis; Marco Simões Coelho,
Ariane Roder Figueira, and Eduardo Russo
J. Jay Choi is Laura H. Carnell Professor Emeritus of Finance and International Business at Temple University, USA. He is a founding editor of International Finance Review, and was Economist at JP Morgan Chase, and visiting faculty around the world, including Columbia, Wharton, NYU, University of Sydney, KAIST, and IUJ. Jay is internationally renowned as a scholar in international financial management, global corporate governance and finance, corporate risk and capital markets, and Asian business and multinational firms.
Jimi Kim is Senior Lecturer at the School of Management and Governance, The University of New South Wales (UNSW Sydney), Australia. Her research interests include sustainability, corporate governance, and business ethics. Jimi has been exploring what drives organizations to integrate the interests of stakeholders into strategy formulation.
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