Many research papers calculate corporate social performance (CSP) with the net score method, i.e., by subtracting the number of concerns from the number of strengths. Although widely adopted, this method implies, perhaps mistakenly, that each indicator is of equal importance and that however serious the social misconduct a firm may have engaged in, it can be completely offset by some positive social action. The method also implies that a given firm that has done both a lot of harm and a lot of good will have CSP similar to that of another firm that has done little harm and little good. In this study, however, we question the appropriateness of the net score method in terms of its ability to truly reflect CSP and truly identify the real effects of CSP on various characteristics. We therefore propose a data envelopment analysis-based methodology that adopts the assurance region approach for evaluating CSP, through which various CSP indicators are converted into a single composite measure of CSP. Our findings show that our proposed methodology consistently performs better than the net score method in evaluating CSP.
With the credit‐channel effect driven by the central bank's open market operations, this paper's model easily gives rise to the nonlinear inflation‐growth nexus, which is evidenced by a number of cross‐country empirical studies. The threshold level of the inflation rate is found to be lower when tax rates are higher. The presence of the credit‐channel effect also provides the rationale for setting positive (and smaller than 1) tax rates on consumption, labor income, and capital income. The optimal tax rates rise as the inflation target declines. Under a fiscal policy rule where labor and capital income taxes move proportionally to each other, the optimal capital income tax rate could be higher than the optimal labor income tax rate. Under a sufficiently large central bank balance sheet, the credit‐channel effect will be so weak that inflation and all kinds of taxes are growth and welfare repressing. This provides a rationale for central banks that have implemented quantitative easing policies to shrink their balance sheets. (JEL E58, E62, O42) 相似文献
Based on an online survey of a national random sample of the PRSA membership (n?=?650), this study is among the first to explore public relations employees’ own turnover intention and propose three contributing factors for employers to keep top talent in PR industry: a family-supportive organizational environment; the positive, enriching impact of professional work upon practitioners’ life; and PR practitioners’ trust toward employers. Theoretical and practical implications are discussed. 相似文献
An oriented graph \(G^\sigma \) is a digraph without loops or multiple arcs whose underlying graph is G. Let \(S\left( G^\sigma \right) \) be the skew-adjacency matrix of \(G^\sigma \) and \(\alpha (G)\) be the independence number of G. The rank of \(S(G^\sigma )\) is called the skew-rank of \(G^\sigma \), denoted by \(sr(G^\sigma )\). Wong et al. (Eur J Comb 54:76–86, 2016) studied the relationship between the skew-rank of an oriented graph and the rank of its underlying graph. In this paper, the correlation involving the skew-rank, the independence number, and some other parameters are considered. First we show that \(sr(G^\sigma )+2\alpha (G)\geqslant 2|V_G|-2d(G)\), where \(|V_G|\) is the order of G and d(G) is the dimension of cycle space of G. We also obtain sharp lower bounds for \(sr(G^\sigma )+\alpha (G),\, sr(G^\sigma )-\alpha (G)\), \(sr(G^\sigma )/\alpha (G)\) and characterize all corresponding extremal graphs. 相似文献