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The article examines how social performance affects sell-side securities analysts' recommendations in the U.S. Studies are cited which explore the hypothesized link of corporate social responsibility (CSR) to corporate financial performance (CFP). Security analysts' role as information intermediaries in public equity markets and their ability to affect the price and trading volume of a firm's stock are analyzed. The issue of how external institutions that monitor and channel the flow of information towards the capital markets assess and perceive socially responsible firm behaviors is also discussed.

We propose to address organizational development and change through an emerging paradigm, one that is centered on "Higher Purpose." To do so, we will create a facilitated, engaged, dynamic discussion with experts in both academia and industry, addressing the definition and outcomes of "Higher Purpose Organizations." First, we will ask questions to determine whether and how one might combine Higher Purpose with organizational performance. Next, our panel will wrestle with ways in which we can combine purpose with community. Then we will look at the underlying design principles - key policies and best practices in companies - that have developed a Higher Purpose organization. Lastly, we will hear from a practitioner who transformed his organization with Higher Purpose values and culture. [ABSTRACT FROM AUTHOR]

This paper explores whether a firm's misconduct can affect the compensation of former managers who were neither at the firm at the time of misdeeds nor involved in the scandal. Results suggest that stigma may influence compensation of former managers, even in cases where such managers had left the firm prior to the corporate scandal and were not legally involved in the scandal. The decrease in compensation is more pronounced in countries with strong rule of law, for individuals who were functionally proximate to the misconduct, and for individuals in senior positions. These findings suggest that the stigma from financial misconduct may extend beyond the confines of potential legal responsibility to a broader interpretation based on association with a tarnished firm. [ABSTRACT FROM AUTHOR]