What are heaths principles of the market failure


Problem 1: What does Damodaran think about the results of empirical studies assessing the business case for CSR/ESG?

Problem 2: What are Heath's principles of the market failure approach (MFA) to CSR, and what kinds of CSR actions does this approach imply?

Problem 3: What does Joel Bakan say about the duties corporate law imposes on executives and managers? What duty does the Supreme Court of Canada say in the BCE about the duties corporate law imposes on executives and managers?

Problem 4: What does the rational maximizer/ explicit general deterrence model of corporate behaviour predict about when corporations will or will not obey the law? What does the reassurance model  model of corporate behaviour predict about when corporations will or will not obey the law?

Problem 5: What does Oliver Hart argue is an implication of the view that managers have a duty to act according to the preferences of shareholders?

Problem 6: According to the Shapira and Zingales Dupont C8 toxic emissions study, the explicit general deterrence model of corporate response to law needs to be modified to accommodate what facts?

Problem 7: In an empirical study assessing the "business case" for CSR, would corporations' financial performance be a dependent, independent, or control/confounding variable?

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