Search Results (2)

Whether an enterprise has a positive attitude towards social responsibility and whether it takes actions to assume social responsibility is very important to its sustainable development. The act of not taking social responsibility is not only an important reason for the lack of long-term development of enterprises, but also a key problem that hinders China’s further promotion of sustainable economic development. Therefore, it is very necessary to implement the corporate social responsibility regulatory system. The purpose of this paper is to examine the link between corporate social responsibility regulation and sustainable corporation law pathways. In order to explore this relationship and whether the two support each other, a TOPSIS-grey relational analysis is proposed. The experimental results of this paper show that the use of grey relational analysis (GRA) can evaluate whether the sustainable corporation law pathway has an impact on the practice of corporate social responsibility, and the accuracy rate is as high as 85%. The relationship between sustainable corporation law and corporate social responsibility is complementary, and the relationship between the two has reached more than 80%. Based on the path of sustainable corporation law, through the implementation of the regulatory system, enterprises can better undertake social responsibilities, thus promoting the comprehensive, sustainable and healthy development of enterprises. Only based on the principles of the sustainable corporation law pathway can businesses get better and better. Full article

To ensure sustainable development, there is not only a need to re-think how the economic playing field is structured, but also the regulatory system that governs it. Business and finance law reforms will represent a crucial element of such a transition. However, little progress has been made to date. The European Union (EU) business and financial market law have been analysed systematically in relation to sustainability to a limited extent. This study aims to contribute to this gap through a reflexive governance analysis of corporate financialisation in the EU business and financial market law. I identify ‘policy hotspots’ with the potential to advance the EU’s commitment to sustainable development. I use a mixed-methods approach consisting of social network analysis and semi-structured interviews. This approach allows me to perform a structural analysis of the formal institutional processes, complemented by a qualitative analysis that unpacks the potential of the identified policy hotspots. I argue that the EU’s action has a path dependency created by two major policy approaches that have informed the EU business and financial market law. These approaches build on the shareholder maximisation norm and an action agenda on non-binding measures. This has contributed to internalising the corporate financialisation processes in EU policy-making and seems to limit the EU’s ability to create sustainable legislation. While these approaches may represent barriers, the findings show that the identified policy hotspots represent two tentative pathways of action for achieving sustainable business and finance in the EU: the Sustainable Finance initiative and the Single Market. Full article