Regulation, entrepreneurship, and firm size

Chambers, Dustin; McLaughlin, Patrick A.; Richards, Tyler

doi:10.1007/s11149-022-09446-7

Cited by 7 publications

(3 citation statements)

References 15 publications

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“…Other studies point out that a risk-based approach used in ESG rating and carbon footprint measurement may lead to a withdrawal of foreign direct investment from high-risk low-income countries and thus lead to exclusive growth rather than the inclusive growth that the UN Sustainable Development Goals (UN SDGs) envision [29,59]. Finally, several studies have revealed that current ESG rating and reporting systems are time-consuming and costly, and therefore not suitable for SMEs [7,53,65].…”

Section: Discussionmentioning

confidence: 99%

“…By embracing the definition of corporate sustainability as the ability to coexist, the esg2go sustainability assessment for SMEs focuses on the win-win potential of sustainability. This win-win potential for SMEs may decrease with growing expenses required to comply with due diligence as well as ESG and climate disclosure regulatory requirements [65,66]. SMEs have limited resources at their disposal and are thus confronted with 'trade-offs'.…”

Section: A Coherent Definition Of Sustainability and How To Capture I...mentioning

confidence: 99%

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esg2go: A Method to Reduce Bias, Improve Coherence, and Increase Practicality of ESG Rating and Reporting

Cakir,

Aerni,

Bergman

et al. 2023

Sustainability

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Rating agencies that assess a company’s environmental, social, and corporate governance (ESG) impact have been subject to public and academic scrutiny due to divergent and often biased rating outcomes. Concurrently, an evolving regulatory environment mandates publicly listed companies to report on ESG and climate emissions, taking into account supply chain risks as well. As a result, small and medium-sized enterprises (SMEs) are increasingly asked as suppliers to present a credible sustainability certificate. The esg2go rating and reporting system aims at improving the credibility and practicality of corporate sustainability assessment. It was jointly developed with its users and relevant stakeholders and is based on a calibrated benchmarking system from verifiable data. The rating method enables the measurement and comparison of sector- and firm size-specific sustainability performance. Its underlying adaptive parametrization is derived from a coherent and pragmatic definition of SME sustainability as the ‘ability to co-exist’. Our data analyses indicate that our scoring function is able to minimize bias and deliver a fair comparability between SMEs. We conclude that esg2go represents a pragmatic and innovative approach to enhance the fairness and accuracy of corporate sustainability assessment.

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Section: Discussionmentioning

confidence: 99%

Section: A Coherent Definition Of Sustainability and How To Capture I...mentioning

confidence: 99%

esg2go: A Method to Reduce Bias, Improve Coherence, and Increase Practicality of ESG Rating and Reporting

Cakir,

Aerni,

Bergman

et al. 2023

Sustainability

View full text Add to dashboard Cite

show abstract

“…One of the outcomes of the prevalence of this judicial philosophy was a political environment in which it was relatively hard for incumbent firms with political links to gain competitive advantage via lobbying for subsidies or favorable regulation. Other researchers have shown that high levels of regulation tend to favor incumbent firms and to discourage the formation of new ventures (Bailey & Thomas, 2017; Chambers et al, 2022). By checking the growth of regulation and government intervention more generally, the dominant philosophy in American courts in this period thus helped to create a policy environment in which socially productive entrepreneurship, such as the establishment of new ventures that promote consumer welfare through Schumpeterian creative destruction, was encouraged.…”

mentioning

confidence: 99%

Informal Institutions as Inhibitors of Rent-Seeking Entrepreneurship: Evidence From U.S. Legal History

Smith

Brownlow

2022

Entrepreneurship Theory and Practice

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Rent-seeking entrepreneurship occurs whenever an entrepreneur expends resources on activities that benefit their firm while reducing overall economic efficiency. Since rent-seeking ultimately makes nations poorer, we need to know more about how institutions can discourage rent-seeking entrepreneurship. Using historical data from the Unites States, we explore how changes in judicial thinking altered individuals’ incentives to engage in rent-seeking entrepreneurship. Traditionally, entrepreneurship researchers interested in policy issues have paid little attention to changes in judicial thinking. We argue that entrepreneurship researchers who are interested in why levels of entrepreneurial dynamism vary over time should pay more attention to how judges think.

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