Bakgrund & Problem: Företag idag ställs inför nya krav om socialt- och miljömässigt ansvar och bedöms utefter deras förmåga att uppfylla dessa. Därmed har kommunikation och redovisning genom hållbarhetsrapporten blivit viktig. Om företagets CSR arbete och sociala ansvar överensstämmer med samhällets förväntningar kan företaget ses som legitim, men om dessa förväntningar inte efterlevs kan legitimiteten istället påverkas negativt. Företag använder sig utav kommunikationsstrategier för att legitimera sitt agerande och därmed är hållbarhetsredovisningen problematisk då den inte kan anses vara ett svar på att företaget uppfyller sin ansvarsskyldighet. Ytterligare problem med hållbarhetsredovisningen är att den utelämnar information som är betydelsefull för intressenterna. Syfte: Studiens syfte är att öka kunskapen för mottagare av företagens hållbarhetsrapporter så de kan fatta beslut om företaget på ett mer kritiskt sätt. Metod: I denna studie används en kvalitativ metod genom att en innehållsanalys genomförs av fem företags hållbarhetsrapporter. Vidare används en kvantitativ metod för att genomföra frekvensanalys av företagets intressenter. Resultat: Resultatet visar att strategier för att behålla legitimitet används både innan och efterskandal, medan strategier för att reparera legitimiteten används efter skandal. Mer exakt är det behålla legitimitet på ett pragmatiskt sätt och reparera legitimitet på ett moraliskt sätt som är de mest använda strategierna i hållbarhetsredovisningarna. Därutöver visas även en koppling mellan pragmatisk legitimitet och de interna intressenterna. / Background and problem: Nowadays companies need to face the new requirement of social- and environmental responsibility and are assessed by how they fulfill these demands. Because of this communication and accounting through sustainability reports have been important. If the company's CSR work and social responsibility are in line with society's expectations it can be considered legitim, if the expectations do not comply the legitimacy of the company will drop. Consequently, companies use communication strategies to legitimize their actions, and because of this sustainability reporting can’t be seen as a way of transparency. Furthermore, sustainability reporting does omit information that is significant to its stakeholders.  Aim: The study aims to increase the knowledge of sustainability reports for receivers of the report to make better and more critical decisions.  Method: This study was conducted in a qualitative method, a content analysis was performed on five companies' sustainability reports. Moreover, a quantitative method was used for the frequency analysis of the company's stakeholders.  Conclusion: The result shows that strategies to maintain legitimacy are used both before and after the scandal, while strategies to repair legitimacy are used after the scandal. More precisely, maintaining legitimacy pragmatically and repairing legitimacy morally are the most used strategies in sustainability reporting. In addition, a connection between pragmatic legitimacy and the internal stakeholders is also shown.

Titel: Corporate Social Responsibility och Goodwill Impairment: Sambandet mellan CSR och goodwillnedskrivningar. En kvantitativ studie på 703 noterade europiska företag under 2022.   Nivå: C-uppsats i ämnet företagsekonomi   Författare: Jawad Taqwaei & Fuad Anuar Ali   Handledare: Jan Svanberg   Datum: 2023 – Januari   Syfte: Syftet med studien är att undersöka om nivån av CSR påverkar goodwillnedskrivningar i europiska börsnoterade företag.   Metod: Studien utgår från en positivistisk forskningsfilosofi med en hypotetisk-deduktiv ansats. Studien har en kvantitativ strategi och en tvärsnittsdesign som genomförts med data på 703 noterade europiska företag, för året 2022. Studien baseras på sekundära data inhämtad från databasen Refinitiv Eikon. Data har analyserats i två statistikprogram SPSS och MINITAB.   Resultat & slutsats: Studiens resultat visar inget samband mellan hållbarhet och goodwillnedskrivningar. Undersökningen visar inget samband mellan att socialt ansvarsfulla företag är benägna att ha mindre goodwillnedskrivningar. Dessutom finner undersökningen inget samband mellan att socialt oansvarsfulla tenderar ha mindre storlek på goodwillnedskrivningsposten. Inget samband mellan hållbarhet och goodwillnedskrivningar är därefter någonting som verkar sammanträffa med tanke på de brister ESG-betygen har som mått på hållbarhet, samt de institutionella skillnaderna mellan Amerikas och Europas börsnoterade marknad som har en påverkan på sambandet.   Examensarbetets bidrag: Bidraget sker genom att undersöka om sambandet mellan variablerna CSR och goodwillnedskrivningar skiljer sig åt mellan kontinenterna Nordamerika (USA) och Europa. På så sätt öka kunskapen och förhoppningsvis bidra med mer förståelse till hur sambandet utformar sig världen över (med tanke på de institutionella skillnaderna).    Förslag till fortsatt forskning: Framtida studier kan belysa andra faktorer som påverkar sannolikheten eller manipulering av goodwillnedskrivningar. Genomföra longitudinell design i utbyte för tvärsnittsdesign och exkludera England i urvalet.   Nyckelord: CSR, ESG, Goodwill Impairment och Stakeholder Theory, Socialt ansvar / Title: Corporate Social Responsibility and Goodwill Impairment: The relationship between CSR and Goodwill Impairment. A quantitative study of 703 listed European companies in 2022.    Level: Final assignment for bachelor’s degree in business administration   Author: Jawad Taqwaei & Fuad Anuar Ali    Supervisor: Jan Svanberg   Date: 2023 – January   Aim: The purpose of the study is to investigate whether the level of CSR affects Goodwill Impairment in European listed companies.   Method: The study is assuming a positivistic research philosophy with a hypothetical-deductive approach. The study has a quantitative approach and a cross-sectional design implemented with data of 703 listed European companies, for the year 2022. The study is based on secondary data from the database Refinitiv Eikon. The data has been analyzed in two statistical programs: SPSS and MINITAB.   Result & Conclusion: The study's results show no connection between sustainability and Goodwill Impairment. The study shows no association between socially responsible companies tending to have less Goodwill Impairments. In addition, the study finds no association between the fact that socially irresponsible firms tend to have a smaller magnitude of Goodwill Impairment. No association between sustainability and Goodwill Impairment is subsequently something that seems to coincide given the shortcomings of ESG ratings as a measure of sustainability, as well as the institutional differences between America's and Europe's listed markets that have an impact on the association.   Contribution of the thesis: The contribution is made by examining whether the relationship between the variables CSR and Goodwill Impairment differs between the continents of North America (USA) and Europe. In this way, increase knowledge and hopefully contribute with more understanding to how the connection takes shape worldwide (considering the institutional differences). Suggestion for future research: Future studies may highlight other factors that influence the likelihood or manipulation of goodwill impairments. Conduct longitudinal design in exchange for cross-sectional design and exclude England from the sample. Key word: CSR, ESG, Goodwill Impairment, Stakeholder Theory and Sustainability.

This thesis sets out to examine whether there is a relationship between financial performance and CSR in fashion companies. Furthermore, there are significant regional differences in different markets; for instance, the European Union aims to counter the negative impact of fast fashion as part of a grander plan to become climate neutral by 2050. Therefore, a regional comparison is of particular interest as environmental regulations are increasing. Since the USA and the EU are home to the largest and most valuable brands to date, these regions will be examined in this thesis. This relationship is measured by using ESG scores as a proxy for CSR. The results stipulate that the relationship between financial performance and CSR activities is weak. Nevertheless, regional context is found to be a significant moderator variable in this relationship. The results indicate that CSR practices are more important in terms of financial performance in the EU.

This paper concerns the human rights aspect to tourism, more precisely the tour operator’s impact on human rights. It has become evident that companies within the industry are increasingly expected to also include the negative impacts on people’s human rights in their business. Not only because human rights matter but because the tourism industry is regarded to be next in line for a more careful examination on its negative effects. This study will therefore be an attempt to contribute towards this end by applying a stakeholder approach to the tour operator’s activities. I have chosen to examine the Swedish tour operator Apollo because they are already engaged in the debate and have expressed an ambition to lead the development of responsible tourism. The study shows that the result of their engagement so far is limited in scope because the company has not fully included all participants to their business as stakeholders. And therefore is human rights only partly incorporated in the company’s work toward corporate responsibility.

This dissertation explores the relationship between governance quality, accumulated wealth, and organizational performance in U.S. nonprofits. Accumulated wealth in nonprofits has been previously shown to reduce overall support contributions because donors perceive less need for financial resources. Further, the absence of owners leads to weaker monitoring mechanisms and greater agency problems. Despite the size of the nonprofit sector (5.5% of GDP and 9% of employment), the impact of governance in organizations with accumulated wealth has not been studied much. Using recent data on governance practices at nonprofits reported on IRS Form 990’s and structural equation modeling/partial least squares analysis, this study finds that the strength of governance practices in nonprofits reduces the negative impact of accumulated wealth in Arts, Education, Environment, Health, Higher Education, Hospitals, Human Services, International, and Religious organizations. This paper demonstrates how agency theory and stakeholder theory complement each other when the nonprofit business model has a traditional revenue structure similar to its for-profit counterpart. For practitioners, it shows that combining a strong governing body, governing policies, compensation policies, and transparency policies, helps hold management accountable. This is necessary for the more efficient and effective execution of a nonprofit’s mission. / Business Administration/Finance

Yes / This paper critically revisits the debate on natural resource rent, curse and conflict, interrogating some of the key assumptions that have become received knowledge in extant discourses. The paper demonstrates how orthodox theories’ preoccupation with issues of resource rent and resource curse tend to be marred by slants of ahistoricity and state-centricity. Adopting a stakeholder approach to the issues of resource rent and conflict in Africa, the author argues that natural resource rents produce and attract a multiplicity of competitive stakeholders, both domestic and external, in the resource-rich states. The competition and jostling of stakeholders for access to, and appropriation of, rentier resources is too often an antagonistic process in many emerging economies that has consequences and implications for violent conflict. The paper attempts a new conceptual explanation of how natural resource rents dialectically generate stakes, stakeholders and political conflict. The paper concludes by proposing the need for the more conflict-prone African rentier states to transition to a more functional state model, the transformative state.

The past several years the environmental pressure on companies have increased. Both regarding their impact on the external environment, and on the internal environment. The question of gender diversity in the workplace has been a hot topic for decades. Women have historically always been underrepresented in the boardroom, with men traditionally assuming high governing positions. As more women have assumed a place on the board of directors, factors such as the transparency has increased. Raising the question on whether the increased number of women within decision-making position shas something to do with achieving higher ESG scores.  The purpose of the study is to investigate if there is a relationship between the proportion of women on the board of directors and the ESG scores of listed companies in Europe. Moreover, also study whether the critical ratio of three or more women on the board have any significant effect on the score. The companies included in the study has had at least one ESG score between 2018 – 2022. Four research questions lay ground for four hypotheses, each intended to investigate the relationship between ESG and women on the board of directors.  What was found was a highly significant relationship between the % of women on the board of directors and the ESG score. Breaking it down, all three pillars are highly affected by the ratio of women. The most affected, however, is the governance pillar due to the relationship with board diversity, and transparency towards investors and other stakeholders. These results are supported by previous studies studying the same phenomenon. A significant relationship was also found between the % of women and the ESGC score, meaning the ESG score including possible controversies the company is, or has been, involved in. The difference in effect between the effect on ESG- and ESGC score is not significant, however. Meaning there is nothing saying that women have an increased effect on keeping companies out of scandals involving ESG factors. Moreover, the critical ratio theory is supported by this study. With companies with three or more women on their board of directors scoring significantly higher ESG score than those without.  A conclusion of this study is hence that having more women on the board of directors can increase the work towards ESG matters, and thus also the ESG score due to several different reasons. This further supports the inclusion of gender quotas within companies and institutions.

No description available.

This dissertation sought to develop a grounded theory explaining how ENGOs assess the environmental performance of firms, select target industries and firms, and influence those targeted industries and firms. A preliminary model based on research in the fields of social movements, neo-institutional theory, stakeholder theory, and corporate social performance was developed. The model contained 21 propositions: seven regarding assessment, nine regarding targeting, and five regarding influencing. Interviews were conducted with 33 representatives of five ENGOs: Natural Resources Defense Council (NRDC), Greenpeace, Environmental Defense (ED), World Resources Institute (WRI), and Union of Concerned Scientists (UCS). NRDC and WRI served as pilot studies. NRDC, Greenpeace, and ED were considered case studies for the purpose of drawing inferences about the propositions. Insufficient interviews were conducted at WRI and UCS to draw inferences from them; however, data from these interviews was included in the dissertation to the extent it provided additional support for the inferences drawn. Qualitative methods were used to analyze the data. Results regarding the propositions were presented, as well as additional findings going beyond the propositions. A grounded theory of how ENGOs assess, target, and influence firms was developed based on the results; a model to accompany the grounded theory was also developed. / Ph. D.

Abstract Background: The European Commission has released the Corporate Sustainability Reporting Directive (CSRD) to make Europe the first climate-neutral continent, targeting a 55% reduction in greenhouse gas emissions by 2030. The directive shifts sustainability reporting from a voluntary to mandatory framework, significantly expanding the range of companies to report. The implementation has gradually started in 2024.   Purpose: The study aims to investigate how Swedish consultancy firms are implementing the CSRD regulations among their clients and how the new regulations are communicated. Understanding this implementation phase can provide insights to manage stakeholder relationships and institutional pressure to remain competitive.  Method: Adopting an interpretivist paradigm, this case study uses Stakeholder and Institutional Theory to explore CSRD implementation among consultancy firms, clients, and other stakeholders. Qualitative interviews were conducted, followed by thematic analysis to identify key mechanisms for implementing the new reporting standards. Conclusion: The findings conclude that sustainability reporting has transitioned from a strategic choice to an institutional requirement. Companies now depend on sustainability consultants to develop strategies for complying with CSRD. Additionally, stakeholder engagement within companies becomes improved with the implementation of CSRD.