Philip L. Cochran

Corporate Social Responsibility and Financial Performance

The relationship between corporate social responsibility and financial performance is reexamined using a new methodology, improved technique, and industry-specific control groups. Average age of corporate assets is found to be highly correlated with social responsibility ranking. After controlling for this factor, there still is some correlation between corporate social responsibility andfinancial performance.

Corporate Ethics Programs as Control Systems: Influences of Executive Commitment and Environmental Factors

Our study asked why corporations introduce formal programs to manage ethics and why those programs display varying characteristics. We used control theory to delineate an ethics programs scope and...

The Composition of Boards of Directors and Incidence of Golden Parachutes

Golden parachutes are a new and controversial management perquisite that allow covered managers to voluntarily resign and collect substantial remuneration—in some cases several million dollars—afte...

Corporate Social Responsibility and Financial Performance1

The relationship between corporate social responsibility and financial performance is reexamined using a new methodology, improved technique, and industry-specific control groups. Average age of corporate assets is found to be highly correlated with social responsibility ranking. After controlling for this factor, there still is some correlation between corporate social responsibility and financial performance.

Golden Parachutes: Contests, Issues and Trends.

This paper explores a relatively new executive perquisite, golden parachutes (GPs). The number of firms that have or are planning to adopt GPs is discussed. Features of GPs are outlined. Reasons that firms have adopted GPs are explored. Finally, a series of arguments against this practice are laid out.