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Profits vs. impact: what can microfinance teach us?

How can the private sector work for development? This paper provides answers to this question from the firms’ perspective by examining the trade-offs that private firms face between maximizing their profits and achieving a positive social impact. In particular, it considers the experience of microfinance as the best available data source from the point of view of a firm engaged in…

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English / 17/05/2013

Spatial and temporal aggregation in racial profiling

In the last decade, models of rational choice have chimed into the discussion on racial profiling, the use of race in stop and search decisions of the police. The models describe the behavior of motorists and the police and provide empirical tests to assess the question whether the police exhibit racial animus. However, existing studies have neglected the effect of spatial and…

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English / 01/03/2013

Democratizing corporate governance: Compensating for the democratic deficit of corporate political activity and corporate citizenship

This article addresses the democratic deficit that emerges when private corporations engage in public policy, either by providing citizenship rights and global public goods (corporate citizenship) or by influencing the political
system and lobbying for their economic interests (strategic corporate political activities). This democratic deficit is significant, especially when…

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English / 01/01/2013

Marginally discriminated: the role of outcome tests in European jurisdiction

For decades, racial profiling has been subject of intense debate in US jurisdiction. Recently, outcome tests based on economic models have contributed to the legal discourse. However, it is not readily obvious if and to what extent they also pertain to European jurisdiction, where racial profiling has only as of late stirred up controversy. In a comprehensive examination of their…

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English / 01/01/2013

Nachhaltigkeit und Immobilieninvestitionen : Die finanzielle Relevanz von Nachhaltigkeit für Portfoliostrategien

Der vorliegende Bericht dokumentiert die Arbeiten im Rahmen eines Forschungsprojektes, an welchem sich Immobilien Basel-Stadt, Stadt Zürich, Liegenschaftenverwaltung, SUVA, Swisscanto Asset Management AG, Swiss Life Property Management AG, UBS Fund Management (Switzerland) AG mit Immobiliendaten und Beiträgen an den Kosten beteiligten. Die Arbeit untersucht die finanzielle Relevanz…

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Deutsch / 14/12/2012

Is Socially Responsible Investing Really Beneficial? New Empirical Evidence for the US and European Stock Markets

This paper empirically examines the theoretically ambivalent relationship between socially responsible investing (SRI) and stock performance. It extends the existing literature by considering both the US and the entire European stock markets as well as by using consistent world-wide corporate sustainability performance data. Our portfolio analysis from 1998 to 2009 reveals the appeal…

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English / 01/05/2012

Nachhaltigkeit und Wertermittlung von Immobilien : Leitfaden für Deutschland, Österreich und die Schweiz

Der Wert von Immobilien wird durch zahlreiche Faktoren bestimmt. Wesentliche Einflussgrössen sind Standortmerkmale (Lage), Grundstückseigenschaften, Gebäudemerkmale (u. a. Bauweise, Ausstattung, funktionale und technische Qualität) sowie das Marktumfeld. Weiterhin wird der Wert von Immobilien durch die Präferenzen und Wertvorstellungen beteiligter Akteure beeinflusst. Verschiedene…

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Deutsch / 01/04/2012

Private business firms, human rights, and global governance issues: An organizational implementation perspective

We analyse the increasing engagement of business in the creation and application of self-regulatory standards in the area of human rights in the light of an emerging framework of transnational human rights initiatives. The voluntariness of most of these approaches leads to problems that are characteristic of organizational self-regulation initiatives. Our analysis will show that…

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English / 01/01/2012

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