Private Sector Decision Makers Research Articles

The Focus and Evolution of Corporate Social Responsibility in the United Arab Emirates

Through in-depth interviews with public- and private-sector decision-makers, this qualitative study investigated modern corporate social responsibility (CSR) and its future path in the United Arab Emirates (UAE). Quality education, health and well-being, environment, community development, circular economy, alignment with national priorities, consumer protection and public-private partnerships were discovered as core CSR priorities. Participants identified economic diversification, rebranding, increased environmental stability, strengthened corporate citizenship, improved regulation, and widespread differentiation as future focuses in the evolution of CSR in the UAE. The current and future emphasis of CSR is propelled by the UAE’s sustainable development objectives and human capital strategy. Transparent regulations, robust environmental, social, and governance (ESG) standards, and innovative strategies can distinguish responsible companies apart in the UAE. Nevertheless, it is expected that CSR will be further integrated into key business activities, aligning with evolving national economic visions, collaboration between sectors, and orientation towards a long-term impact on society. In deed the reputations of companies are enhanced through rigorous adherence to ESG standards, transparency regulations, and innovative approaches. Hence, there has been a strategic shift towards environmental sustainability, stakeholder capitalism, and robust regulation, shaping a highly competitive, impact-focused CSR environment in the UAE, consistent with economic diversification plans.

Bitcoin and Its Energy, Environmental, and Social Impacts: An Assessment of Key Research Needs in the Mining Sector

In this study, we used a combination of AI-assisted analysis of social media discourse and collaboration with industry experts to delve into the key research needs associated with the Bitcoin mining industry. We identified primary threats, opportunities, and research questions related to the Bitcoin mining industry and its wider impacts, focusing on its energy use and environmental footprint. Our findings spotlight the industry’s move towards increasingly greater energy efficiency and an emerging commitment to renewable energy, highlighting its potential to contribute to the coming energy transition. We underscore the transformative potential of emerging applications in the Bitcoin mining sector, especially regarding demand response, grid flexibility, and methane mitigation. We suggest that targeted research on Bitcoin can serve policymakers, private sector decision-makers, research funding agencies, environmental scientists, and the Bitcoin industry itself. We propose that filling key information gaps could help clarify the risks and benefits of Bitcoin mining by encouraging collaboration among researchers, policymakers, and industry stakeholders and conducting research that provides baseline peer-reviewed evidence surrounding Bitcoin’s production and impacts. A collaborative approach could help mitigate the risks and realize the benefits of Bitcoin mining, including potentially positive and substantive contributions in alignment with the Sustainable Development Goals.

Reflections on What Financial Economics Can and Cannot Teach Us About the Social Discount Rate

The principles of financial economics provide equally important insights into the optimal choice of discount rates for both public and private sector decision-makers. However, most governments largely ignore those principles, taking their cost of capital for most purposes as their borrowing rate. This article reviews the arguments often made in support of status quo discounting practices, along with the counterarguments to them. Governments have a choice between several methodologies for risk adjustment, and the practical and conceptual reasons that favor a fair value approach are recapped. The limitations of a financial economics approach become apparent for decisions involving very long time horizons, such as for climate policies. For policies with long-term impacts, intergenerational concerns become paramount, projections of cash flows and discount rates become highly uncertain, and present value calculations are an intrinsically unreliable measure of value. No approach to discount rate selection can overcome those problems; alternative decision criteria need to be established. However, most government investments involve much shorter horizons, and the adoption of standard approaches to risk adjustment could significantly improve social welfare.

Improving Our Maternity Care Now Through Community Birth Settings.

This contribution reprints the Executive Summary from a technical report issued by the National Partnership for Women & Families within its larger Improving Our Maternity Care Now project. This project identifies the priority of continuing the long, challenging work of maternity care system transformation, while also increasing access to high-performing care models that can help meet current urgent, dire needs for equitable high-quality care now. The Community Birth Settings report (encompassing birth center and planned home birth care) is the second in a series of four reports on these care models, which share distinctive features. They reliably provide highly appropriate services that minimize both underuse of beneficial practices and overuse of unneeded, often harmful practices. They prioritize relationship-based, whole person care that builds trust, confidence and resilience and helps meet the varied needs of birthing families. They incorporate skills and knowledge to support the innate physiologic processes of birthing people and their fetuses/newborns. They achieve remarkable results for consequential outcomes relative to standard maternity care. And childbearing people greatly desire access to these forms of care relative to current access and use. Community-based versions offering trustworthy, respectful, culturally-congruent care are especially powerful. The community birth settings report includes recommendations for federal policymakers, state policymakers, and private sector decision makers to increase access to these settings. It was carried out in partnership with the American Association of Birth Centers, American College of Nurse-Midwives, Birth Center Equity, National Association of Certified Professional Midwives, and National Black Midwives Alliance. Access the full project through https://www.nationalpartnership.org/improvingmaternitycare/. The project is supported by the Yellow Chair Foundation. Reproduced with permission of the National Partnership for Women & Families.

Improving Our Maternity Care Now Through Midwifery.

This contribution reprints the Executive Summary from a technical report issued by the National Partnership for Women & Families within its larger Improving Our Maternity Care Now project. This project identifies the priority of continuing the long, challenging work of maternity care system transformation, while also increasing access to high-performing care models that can help meet current urgent, dire needs for equitable high-quality care now. The Midwifery report is the first in a series of four reports on these care models, which share distinctive features. They reliably provide highly appropriate services that minimize both underuse of beneficial practices and overuse of unneeded, often harmful practices. They prioritize relationship-based, whole person care that builds trust, confidence and resilience and helps meet the varied needs of birthing families. They incorporate skills and knowledge to support the innate physiologic processes of birthing people and their fetuses/newborns. They achieve remarkable results for consequential outcomes relative to standard maternity care. And childbearing people greatly desire access to these forms of care relative to current access and use. Community-based versions offering trustworthy, respectful, culturally-congruent care are especially powerful. The midwifery report includes recommendations for federal policymakers, state policymakers, and private sector decision makers to increase access to midwifery care. It was carried out in partnership with the American College of Nurse-Midwives, the National Association of Certified Professional Midwives, and the National Black Midwives Alliance. Access the full project through https://www.nationalpartnership.org/improvingmaternitycare/. The project is supported by the Yellow Chair Foundation and is reprinted with permission. Reproduced with permission of the National Partnership for Women & Families.

THE SIGNIFICANT ROLE OF THE TOURISM IN ACHIEVING THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS

As the United Nations General Assembly affirmed when announcing the adoption of 2017 as the International Year of Sustainable Tourism for Development, tourism can contribute to all the three dimensions of sustainable development – economic, social and environmental – and each of the 17 Sustainable Development Goals. Not only does the sector spearhead growth, it also improves the quality of people’s lives. It can bolster environmental protection, champion diverse cultural heritage, and strengthen peace in the world. In this spirit, World Tourism Day 2017 presents a unique opportunity to raise awareness on the contribution of sustainable tourism for development among public and private sector decision-makers and the international community, while mobilizing all stakeholders to work together in making tourism a catalyst for positive change. Accounting for 7% of worldwide exports, one in eleven jobs and 10% of the world’s GDP, the tourism sector if well managed can foster inclusive economic growth, social inclusiveness and the protection of cultural and natural assets. The 2030 Agenda for Sustainable Development, is plan of action for the people, planet and prosperity. In accordance with paragraph 84 of the 2030 Agenda, Member States have decided that the High Level Political Forum shall carry out regular voluntary reviews of the 2030 Agenda which will include developed and developing countries as well as relevant UN entities and other stakeholders. The reviews were state-led, involving ministerial and other relevant high-level participants, and provide a platform for partnerships, including through the participation of major groups and other relevant stakeholders. Since the first United Nations Conference on Environment and Development in 1992 - known as the Earth Summit, it was recognized that achieving sustainable development would require the active participation of all sectors of society and all types of people. Agenda 21, adopted at the Earth Summit, drew upon this sentiment and formalized nine sectors of society as the main channels through which broad participation would be facilitated in UN activities related to sustainable development. It also seeks to strengthen universal peace in larger freedom, in the same time recognising that eradicating poverty in all its forms and dimensions, including extreme poverty, is the greatest global challenge and an indispensable requirement for sustainable development. All countries and all stakeholders, has committed that acting in collaborative partnership, will implement this plan.

Applying community resilience theory to engagement with residents facing cumulative environmental exposure risks: lessons from Louisiana’s industrial corridor

The presence of legacy pollutants, on-going chemical manufacturing activities, and population shifts have introduced complex, cumulative exposure risks to residents of many highly industrialized communities. These "industrial corridors" present unique challenges to environmental health science professionals, public and private sector decision makers, and residents seeking to make their communities safer and healthier. Social-ecological resilience theory offers a useful framework for the design and implementation of community engagement efforts to help stakeholders take action to reduce their exposure risks. A resilience framework views the human community as a coupled social-ecological system, wherein disturbances to the equilibrium of the system - acute and/or chronic - are common rather than rare events. It recognizes three key capacities of more resilient communities. These are the abilities of community members to self-organize to address changing threat levels, to hold scientifically sound understandings of the risks, and to learn from past experiences and take action - individually or collectively - to adapt to or mitigate the hazards in their local environment. We apply this resilience theory framework to a case study from Camp Minden, Louisiana, conducted through the Louisiana State University (LSU) Superfund Research Center's Community Engagement program and supported by the National Institute of Environmental Health Sciences (NIEHS). The case illuminates a critical path by which resilience theory can be applied to guide bi-directional communication and information-gathering, and co-development of risk-reducing strategies at the community level. These are central elements of community engagement within a contentious, real-world setting. The three components of the resilience framework were supported by specific program mechanisms and activities. The capacity for self-organization among community stakeholders was furthered through the convening of a Dialogue Committee which brought together representatives of concerned residents, regulatory agencies, research scientists, and others. This collaborative problem-solving approach supported a more holistic and scientifically sound understanding of the problem through a series of interactive meetings in which members discussed site-remediation options with thermal-treatment experts and regulators, and shared how recent explosions and concerns about air quality affected them. The members co-developed selection criteria and reached consensus on two types of disposal methods that would best reduce the significant threats to public health and the local environment. We also include a brief summary of our recent randomized survey of over 550 residents of Louisiana's industrialized communities to determine the influences on household-level adaptive behaviors to reduce acute and chronic environmental exposure risks. The results of the logistic regression analysis indicate that residents with more concern and knowledge about environmental hazards, along with confidence in their ability to implement risk-reduction measures - such as checking air-quality forecasts and then limiting outside activities - were much more likely to adopt the exposure-reducing behaviors, even when controlling for socioeconomic and demographic differences among respondents. These findings shed light on the conditions under which residents of these types of communities may be more likely to take action to reduce potential environmental exposure risks, and may help in the design of public education efforts. These "lessons learned" from Louisiana communities facing cumulative environmental exposure risks suggest that application of resilience theory to the design and implementation of community engagement programs may support the longer-term effectiveness of the efforts and enhance overall environmental health resilience. In addition, they provide practical insights about how to operationalize and apply these theoretical concepts to real-world environmental health challenges faced by residents of industrialized communities throughout the world.

Big Fish, Small Sea: Big Companies in Small Towns

Sharks are fish, big fish that are apex predators; yet, people and smaller fish still swim in the sea. “As the most powerful type of nongovernmental organization in the United States today and as the most dynamic form of organization in the world, the large corporation has enormous potential to affect communities for better or for worse.” What does this mean for small communities when a large company comes to town? The common dialogue when a large company comes to a small town involves a cost benefit analysis regarding their presence. The introduction of a big superstore or big company headquarters implicates questions regarding: the impact of having the business as a community member (a neighbor, so to speak); the effect on local people (merchants, employees, children, etc.); the repercussions for local businesses, the changes to local law, rules, and regulations; the influence on the use of local resources (including environmental); managing allocation of funding; and the list continues. “Big box stores can be a blessing in that they often act as an anchor for further commercial development. However, some planners also criticize them for diminishing the unique feel of small towns.” These considerations are all important, and as meaningful aspects of local business governance decisions, this article addresses the issues. So often local governments and private-sector decision makers do not factor in the benefits of establishing a development plan to respond to economic, social, and environmental concerns. Acting individually or as a united guild in this planning process improves outcomes. This article addresses the benefits of stakeholders making the governance decision to work together, and proactively recognizing the importance of the employees and consumers working in concert and making a proactive plan. Similarly, local government actors may have a narrowed vision, focusing only on concerns of appearance, aesthetics, and generating taxes. When these types of development plans are analyzed, the analysis usually does not include reference to more than the power of the community at large or the individual local businesses. This article will provide information about big businesses and the impacts they have on small communities, with an emphasis on the Wal-Mart effect and makes recommendations for governance decisions from the perspective of the small business owner in the small community. Most notably, this article emphasizes that one key governance tool that has been ignored, and should be an integral part of management’s and the board’s informed decision making, is the power of the employees who will work in the large company and the consumers who will shop there. From this perspective, this article digs into the relevant details of the Market Basket Supermarket events from summer 2013. These events clearly, and some say shockingly, demonstrate the power flexed by the non-unionized employees and its customers. In light of the strength of the impact of the actions of the other stakeholders, including employees, customers, and the community, this article will conclude with an examination of the inter-related interests of these various stakeholder actions in a small community.

Electoral Incentives and Firm Behavior: Evidence from U.S. Power Plant Pollution Abatement

Researchers have utilized the fact that many states have term limits (as opposed to being eligible for re-election) for governors to determine how changes in electoral incentives alter state regulatory agency behavior. This paper asks whether these impacts spill over into private sector decision-making. Using data from gubernatorial elections in the U.S., we find strong evidence that power plants spend less in water pollution abatement if the governor of the state where the plant is located is a term-limited democrat. We show that this evidence is consistent with compliance cost minimization by power plants reacting to changes in the regulatory enforce- ment. Finally, we show that the decrease in spending has environmental impacts as it leads to increased pollution.

Setting the bar: Standards for ecosystem services

Progress in ecosystem service science has been rapid, and there is now a healthy appetite among key public and private sector decision makers for this science. However, changing policy and management is a long-term project, one that raises a number of specific practical challenges. One impediment to broad adoption of ecosystem service information is the lack of standards that define terminology, acceptable data and methods, and reporting requirements. Ecosystem service standards should be tailored to specific use contexts, such as national income and wealth accounts, corporate sustainability reporting, land-use planning, and environmental impact assessments. Many standard-setting organizations already exist, and the research community will make the most headway toward rapid uptake of ecosystem service science by working directly with these organizations. Progress has been made in aligning with existing organizations in areas such as product certification and sustainability reporting, but a major challenge remains in mainstreaming ecosystem service information into core public and private use contexts, such as agricultural and energy subsidy design, national income accounts, and corporate accounts.

Conflict translates environmental and social risk into business costs.

Sustainability science has grown as a field of inquiry, but has said little about the role of large-scale private sector actors in socio-ecological systems change. However, the shaping of global trends and transitions depends greatly on the private sector and its development impact. Market-based and command-and-control policy instruments have, along with corporate citizenship, been the predominant means for bringing sustainable development priorities into private sector decision-making. This research identifies conflict as a further means through which environmental and social risks are translated into business costs and decision making. Through in-depth interviews with finance, legal, and sustainability professionals in the extractive industries, and empirical case analysis of 50 projects worldwide, this research reports on the financial value at stake when conflict erupts with local communities. Over the past decade, high commodity prices have fueled the expansion of mining and hydrocarbon extraction. These developments profoundly transform environments, communities, and economies, and frequently generate social conflict. Our analysis shows that mining and hydrocarbon companies fail to factor in the full scale of the costs of conflict. For example, as a result of conflict, a major, world-class mining project with capital expenditure of between US$3 and US$5 billion was reported to suffer roughly US$20 million per week of delayed production in net present value terms. Clear analysis of the costs of conflict provides sustainability professionals with a strengthened basis to influence corporate decision making, particularly when linked to corporate values. Perverse outcomes of overemphasizing a cost analysis are also discussed.

Assessment of Spatial Dependence Using Spatial Autoregression Models: Empirical Analysis of Shopping Center Space Supply in Ohio

AbstractTrade area (TA) analyses are useful for selecting the highest and best-use sites for shopping center investments and identification of the level of shopping center impact on existing retail, transportation, housing, and environment systems. This study offers a unique approach to assess the relation between shopping center attributes and TA market segmentation using zip code units (ZCU) as the level of analysis. The research methodology integrates gravity-based retail allocation models with spatial statistics, in particular, spatial autoregression models. The research findings reveal that accounting for spatial dependence in regression models offers a reliable assessment of retail supply–demand relations and the level of retail saturation in ZCUs. This contributes to site selection of shopping centers because it provides information on the existing nature of retail markets and generates comprehensible visual results to both public and private sector decision makers. Evaluating the potential success...

UK energy policy ambition and UK energy modelling—fit for purpose?

Aiming to lead amongst other G20 countries, the UK government has classified the twin energy policy priorities of decarbonisation and security of supply as a “centennial challenge”. This viewpoint discusses the UK's capacity for energy modelling and scenario building as a critical underpinning of iterative decision making to meet these policy ambitions. From a nadir, over the last decade UK modelling expertise has been steadily built up. However extreme challenges remain in the level and consistency of funding of core model teams — critical to ensure a full scope of energy model types and hence insights, and in developing new state-of-the-art models to address evolving uncertainties. Meeting this challenge will facilitate a broad scope of types and geographical scale of UK's analytical tools to responsively deliver the evidence base for a range of public and private sector decision makers, and ensure that the UK contributes to global efforts to advance the field of energy-economic modelling.

Impacts and Activities following Disaster: Narratives on Recovery in Hurricane-Affected Communities

We draw on in-depth interview data collected from participants in communities impacted by Hurricanes Katrina and Rita to explore how public and private sector decision makers express their understanding of the disaster recovery process. Two key themes emerged from our interviews and served as the central categories under which other issues were grouped: 1) disaster impacts; and 2) recovery activities. Disaster impacts included effects on community-level human capital, infrastructure, and the psychological/psychosocial toll wrought by the hurricanes. Community recovery activities in the wake of the storms included navigating financing/funding issues, employment growth, and more ambitious planning processes. A key finding from our analysis is the interconnectedness of the various themes discussed by participants. The implications of our findings are then discussed.

Act Locally, Affect Globally: How the Structure of Local Government Makes it the Best Arena for Engagement and Work with the Private Sector to Control Environmental Harms

There has been comparatively little exploration of the importance of local government in addressing large scale environmental harms, in spite of much activity at the local level dealing with climate change. This article posits that local governments may be an effective way to address even large scale environmental harms because they may be able to exercise a kind of control through targeted social norm creation that cannot be accomplished easily at other levels of government. This article notes that efforts to get the private sector to take actions without enforcement capability have been problematic, but that connections to private sector decision makers and influencing of their internal norms (which can occur easily at the local level) can create action not just locally, but wherever corporations operate.

Comparing Public and Private Sector Decision-Making Practices

Public and private sector decision making is studied with an experiment. The study compares decision making in a tax-supported general purpose governmental agency with that done by a business firm selling to a market, using a simulation to capture differences in the preferences and practices of mid-level managers working in the two sectors. The simulation calls for participating managers to assess the risk and prospect of adopting budgets tailored to match each sector. A cognitive culture that stresses analysis, speculation, bargaining, or networking is employed to fashion a budget appropriate for a public and a private sector organization, each with a controversial and a noncontroversial budget amount. The literature on public/private differences was consulted to make predictions, suggesting that public sector managers would favor bargaining and networking and private sector managers would favor analysis and speculation. The cognitive style literature suggests that managers favor budgets constructed with an approach that is consistent with their preferred cognitive style and see less risk in the choice, except in a public setting where risk would be unaffected. The study finds that private sector managers are more apt to support budget decisions made with analysis and less likely to support them when bargaining is applied. Public sector managers are less likely to support budget decisions backed by analysis and more likely to support those that are derived from bargaining with agency people.

“Intensity” targets: pathway or roadblock to preventing climate change while enhancing economic growth?

After establishing the operative definitions of greenhouse gas emissions “intensity” targets and “absolute” targets for greenhouse gas emissions limits, we identify examples of these approaches in current laws and policies. We focus in particular on the US experience with the sulfur dioxide emissions “cap and trade” program as an example of the use of an “absolute” target approach. We compare and contrast this example with “performance standard” programs under the US Clean Air Act and the Corporate Average Fuel Economy standards for motor vehicles, which embody the emissions rate or “intensity” concept. These case studies give us insights into the pros and cons of the intensity versus absolute approaches. Moving from retrospective to prospective, we consider the possible application of alternative absolute and intensity targets (IT) to global, national and firm-level emissions. We then identify criteria for evaluating the use of “intensity” targets as a tool for achieving both environmental and economic goals. These include success in limiting climate change, achieving cost certainty and manageability, providing flexibility for public and private sector decision-makers in responding to new information, stimulating technological progress and sustaining a global climate regime.

Introduction: Funding Gaps

Theoretical and empirical foundations of government policies to plug alleged business funding gaps are highly controversial but rarely subject to wide-ranging in-depth debate. This symposium from major scholars in the field provides a counterbalance. Topics addressed cover the theory of lending under asymmetric information; its implications for overlending; relationship lending as a market solution to information asymmetries; government emulation of private sector decision-making to eliminate underprovision of high tech equity and theoretically-based empirical work testing for funding deficiencies in the high tech sector. Despite the very different and potentially contradictory contributions the result is, surprisingly, a set of mutually agreed policy conclusions.

Grade Retention and Social Promotion in Texas 1994-99: An Assessment of Academic Achievement among Elementary School Students

To make schools more accountable for the performance of students, many school districts as well as entire states have proposed more rigorous standards to help ensure that pupils have the basic skills necessary to be successful in school. Many public and private sector decisionmakers have criticized the common practice of social promotion; that is, allowing students to progress to the next grade level without having already learned the material required for the current grade. The public in general views the practice of social promotion or grade placement as detrimental to low-performing students who are promoted without requisite skills because such students are presumed to fall further behind their more academically proficient classmates. Consequently, some states and school districts have proposed or adopted strict policies of retention that require a low-achieving student to remain in the same grade until meeting a specified level of proficiency. 1 Although these newer standards for promotion may vary across [End Page 13] different educational boundaries, a common mandate is that students would be allowed to proceed to the next grade only after the retained pupil has demonstrated sufficient understanding of the material appropriate for the present grade. The goal of ending social promotion, although not necessarily replacing it with retention in grade, especially when students return to the same curricula taught in the same manner, was endorsed by President Bill Clinton in 1998 and by the U.S. Department of Education in 1999. 2

Development of Corporate Governance in Lithuania

This paper provides the research of corporate governance mechanisms in Lithuania together with their legal and regulatory underpinnings. Building proper corporate governance is interpreted as an integral part of developing a sound private sector basis for economic growth of country. Public and private sector decision-makers have attach great importance to issues, such as property protection, and rights and responsibilities of different participants in the governance of corporation. This interest arises from a broader concern for efficient allocation of resources and the development of capital markets.