China-Pakistan to Expect More Economic Cooperation

On July 9,Pakistan-China Economic Cooperation Forum was held in Beijing.Zardari,Pakistani President,Chen Deming,Minister of Commerce of China and Zhangwei,Vice president of CCPIT as well as more than 60 entrepreneur representatives from China and Pakistan attended the Forum.     

Light Up the Light Industry

Based on small consumer goods production, light industry is usually less capital-intensive than heavy industry, and is more consumer-oriented than business-oriented, as most light industry products are produced for end users rather than as intermediates for use by other industries. When Katie Melua sang the fact that ＂There are nine million bicycles in Beijing.＂ in her song, she also released a clue of China as a manufacturing and consumption giant in light industry. China, boasting the fame of global workshop, supplies a large proportion of light manufactured products to the world. However, since last September, China＇s light industry products export fell sharply. Chinese enterprises in the field are suffering a tough period due to the global economic crisis.     

Forecast of China＇s Economic Growt ：o Reach 7.5% in 2009-- China＇s Economic Growth Under Pressure but Will Serve as Motor for Global Recovery

On March 26, 2009 Economic and Social Survey of Asia and Pacific 2009 titled with ＂Addressing Triple Threats to Development＂ was released in Beijing. It analyzes the three global crises which have converged to threaten development in the Asia-Pacific region： the financial crisis, fuel and food prices, and climate change. Dr. Alberto Isgut of ESCAP＇s Macroeconomic Policy and Development Division, expressed the fact that due primarily to the performance of China, as well as India, aggregate growth in Asia and the Pacific will remain higher than in other global regions, helping to make the Asia-Pacific region the locus of global growth in 2009.     

China's Fashion Market Full of Opportunities for Foreian Brands

The fashion market in China,which tripled over the past ten years,is expected to increase threefold over the coming decade, according to a Boston Consulting Group report released in July. Over the past decade,the fashion industry in China has tripled in market size,reaching nearly RMB 400 billion by the end of 2010.It is expected that the fashion market in China will grow threefold yet again over the next decade,to more than RMB     

Hoimfr Report： China＇s Cotton Market

Himfr.com, one of China＇s leading B2B search platforms with more than 30 B2B industry websites to its name,reports on the recent rise in Chinas cotton prices.     

CEIBS Holds the 2004 CEIBS China Automotive Industry Forum

Second consecutive CEIBS China Automotive Industry Forum was held in Novermber 22 at the school‘s Shang hai campus. Following last year‘s success, this year there are more than 200 local and international participants including:     

China＇s Stock Market Wave：-China＇s Stock Market：New Year,New Trends

The annual meeting of the World Economy Forum was held in Davos,a little town in Swizerland,on January 23rd to the 27th this year,with the theme＂the Power of Collaborative Innvation＂,2500 celebrates from the political and economic ircles of more than 80 countries and regions gathcred together to tald about the future of the global economy in 2008.     

Building Competitive Advantages CEIBS Holds the 2004 CEIBS Cina Automotive Industry Forum

Second consecutive CEIBS China Automotive Industry Forum was held in Novennber 22 at the school's Shang hai campus. Following last year's success, this year there are more than 200 local and international participants including: auto manufacturers, component suppliers, government officials, industry experts and researchers, who have gathered today to discuss issues in the country's automotive industry.     

Building Competitive Advantages CEIBS Holds the 2004 CEIBS China Automotive Industry Forum

Second consecutive CEIBS China Automotive Industry Forum was held in Novermber 22 at the school's Shang hai campus. Following last year's success, this year there are more than 200 local and international participants including: auto manufacturers, component suppliers, government officials, industry experts and researchers, who have gathered today to discuss issues in the country's automotive industry.     

Foreign Investors Complaints Promote Improvements in Investment Environment

Recently, reports and comments on problems in Chinese investment environment by overseas media raised attentions and concerns. Financial Times of UK carried out a survey on March 23 under the title ＂Foreign Enterprises in China Having More Complaints＂, which said ＂Chinese governments excludes foreign-funded enterprises from some vigorous developing markets, which has already caused transnational corporations to complain more, especially on the implementation of protectionism actions in China.＂ At the end of July, Wall Street Journal reviewed complaints from foreign merchants in recent months on investment environment in China,     

Political embeddedness,media positioning and corporate social responsibility: Evidence from China

We examine the effect of political embeddedness and media positioning on corporate social responsibility (CSR). Using a sample of Chinese listed firms from 2009–2017, we provide evidence that firms with political embeddedness from the perspectives of both government ownership and managerial political connection (PC) perform more CSR than other firms, but their motivations for doing so are different. Employing media positioning, we find that firms controlled by the government conduct less CSR when they receive more positive media reporting, indicating that this is a firm's passive choice due to political pressure; and firms with PC are incentivized by negative media reporting to conduct more CSR, indicating an active choice to maintain political legitimacy. This association is robust to different media positioning measurements and endogeneity checks. Additional analyses show that this relationship is more pronounced in central government-controlled firms and regionally politically connected firms; in firms that disclose CSR reports voluntarily; and in the environment where CSR are more valued (following the 2012 national Anti-corruption Campaign and in provinces with higher levels of marketization). Overall, our study suggests that media positioning can help to identify the motivation for conducting CSR.     

Auditee Religiosity,External Monitoring,and the Pricing of Audit Services

This paper demonstrates the political perspective of corporate social responsibility (CSR) disclosures and, drawing on Weber’s notion of traditionalism, seeks to explain what motivates companies to make such disclosures in a traditional setting. Annual reports of 23 banking companies in Bangladesh are analysed over the period 2009–2012. This is supplemented by a review of documentary evidence on the political and social activities of corporations and reports published in national and international newspapers. We found that, in the banking companies over the period of study, apparently neutral, corporate, philanthropic activities disclosed and promoted in CSR reports are inextricably linked to powerful leaders’ personal projects and the ruling party’s agendas. We have demonstrated elements of traditional societies, including personal loyalty and the public display of loyalty, the master–servant relationship, and obedience to personal rather than formal authority, provide an understanding of why banks (with or without explicit political linkages with the ruling party) have employed politically charged CSR disclosure strategies. The paper contributes to disclosure studies where political motivations of corporate disclosure rarely discussed. The paper extends the debate on political CSR by demonstrating that the role of family and familial values at the organisational and national levels may be much more important when it comes to CSR disclosure and activities.     

CSR-Based Political Legitimacy Strategy: Managing the State by Doing Good in China and Russia

The state is a key driver of corporate social responsibility across developed and developing countries. But the existing research provides comparatively little knowledge about: (1) how companies strategically manage the relationship with the state through corporate social responsibility (CSR); (2) how this strategy takes shape under the influence of political institutions. Understanding these questions captures a realistic picture of how a company applies CSR to interacting with the state, particularly in countries where the state relationship is critical to the business operation. This article draws on political legitimacy as a useful concept to directly address both strategic and politically embedded natures of CSR. This work extends the currently under-specified political implication of the strategic view of CSR and provides fresh insights to the political legitimacy research by specifying a typology of CSR-based legitimacy strategies and its contextual variation. China and Russia are the focal settings. A qualitative analysis of business?Cstate interaction cases is done using a database that contains the majority of CSR reports published in Chinese and Russian as the end of 2009. As a result, this paper identifies four qualitatively different types of CSR-based political legitimacy strategies and reveals how the adoption of these strategies differs across Chinese companies, Russian companies, and multinational corporations.     

The Challenge of Developing a Business Ethics in China

The challenge of developing a business ethics in China in response to today’s increasing demands of Corporate Social Responsibility (CSR) is examined within the context of recent business scandals, food scare, labor issues, and environmental degradations the country is now experiencing. Two surveys on CSR are reported. This paper reports the recent CSR development in China and outlines the profile of a prospective business ethics for China. The formal constraints and substantive components of this business ethics are proposed against the background of China’s cultural and ideological heritage.     

Corporate Governance Quality and CSR Disclosures

Given the increasing importance attached to both corporate social responsibility (CSR) and corporate governance, this study investigates the association between these two complimentary mechanisms used by companies to enhance relations with stakeholders. Consistent with both legitimacy and stakeholder theory and controlling for industry profile, firm size, stockholder power/dispersion, creditor power/leverage, and economic performance, our analysis of the annual reports for a sample of 222 listed companies suggests that firms providing more CSR information: have better corporate governance ratings; are larger; belong to higher profile industries; and are more highly leveraged. Our findings support the limited prior research suggesting a link between corporate governance quality and CSR disclosure in company annual reports and suggest that, rather than mandating specific disclosures, regulators might be better served focussing on corporate governance quality as a way of increasing CSR disclosures.     

The Relationship between Corporate Social Responsibility and Firm Performance: An Application of Quantile Regression

This study empirically examines the relationship between a firm’s fulfilling of corporate social responsibility (CSR) and performance. We developed a CSR index (CSRI) to quantitatively evaluate CSR, which consists of four dimensions measuring a firm’s contributions to the economy, society, environment, and corporate governance, respectively. With data from publicly-listed firms in Taiwan during the period of 2004–2009, results of quantile regression show that fulfilling CSR has a significantly positive impact on firm performance, and that the impact in a more profitable firm tends to be significantly greater than that in a less profitable firm. Specifically, when a firm is more profitable, its management would be more willing to implement CSR. The implication is that a firm could pursue better performance while serving as a good corporate citizen.     

The Financial Performance of Socially Responsible Investments: Insights from the Intertemporal CAPM

This study examines the association between corporate social responsibility (CSR) and management forecast accuracy. Using data from 1995 to 2009, we find that firms provide more accurate earnings forecasts in the face of CSR activities. We also find that the positive association between CSR and management forecast accuracy is only present for the post-regulation period of 2001–2009, after the introduction of disclosure regulations intended to mitigate managers’ opportunistic behavior. These findings are consistent with the notion that managers strive to improve the quality of financial disclosure following superior CSR performance in the recent period.     

Firm performance,corporate ownership,and corporate social responsibility disclosure in China

The existing literature provides conflicting results on the association between firm performance and corporate social responsibility (CSR) disclosure. This paper empirically examines the effect of firm performance on CSR disclosure in terms of disclosure frequency and quality among Chinese listed firms and the possible mediating effect of corporate ownership on the relationship between firm performance and CSR disclosure. Our findings show that better‐performing firms are more likely than worse‐performing ones to disclose CSR information and to produce higher quality CSR reports. In addition, the link between firm performance and CSR disclosure is found to be weaker among state‐owned enterprises compared with non‐state‐owned ones.     

The Evolution of Whistleblowing Studies: A Critical Review and Research Agenda

This study investigates the variations in the quality and comprehensiveness of 104 corporate social responsibility (CSR) reports published by the world’s largest financial institutions in 2012. Using a novel measure of CSR report quality, we examine the impact of certain national, legal, and firm-level factors that might explain differences in the overall quality and extent of coverage of various issues in these reports. Our findings show that legal factors and CSR environment in a firm’s country of headquarters play an important role in firms’ CSR reporting quality. Common law countries exhibit systematically higher overall CSR reporting quality than code law countries. Countries with higher CSR standards, policies, and regulations in place also produce significantly higher quality CSR reports. Firm size, on the other hand, has no major impact on the overall quality of CSR reports. In further analysis of the individual aspects of CSR disclosures, namely environment, philanthropy, bribery and corruption, and integrity assurance, we document that larger firms report at a higher quality on philanthropy and bribery and corruption. Bribery and corruption is reported at a higher quality in countries with common law tradition, high-quality legal regimes, and high CSR standards and regulations in place. We also observe higher quality integrity assurance in common law countries. CSR-minded countries and countries with low-quality legal environment also report on philanthropy at a higher quality. Finally, we offer guidelines for companies toward improving the quality of their reports, and suggestions for scholars and researchers for further avenues of research.