Theory

Working Paper

01 October 2002

Fiduciary Duty in Transitional Civil Law Jurisdictions Lessons from the Incomplete Law Theory

In Anglo-American law, fiduciary duty is the core legal concept to address conflicts among directors/managers and shareholders. The concept is developed and constantly refined by courts in the process of adjudication. By contrast,...

Katharina Pistor | Chenggang Xu
01 June 2013

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

This paper presents an industry equilibrium model where firms have a choice to engage in corporate social responsibility (CSR) activities. We model CSR as an investment to increase product differentiation that allows firms to benefit...

Rui Albuquerque | Chendi Zhang | Yrjö Koskinen

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