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This book spans topics at the intersection of business ethics and governance as they pertain to entrepreneurship and finance. To the Editors' knowledge it is the first collection of papers linking entrepreneurship and finance to governance and business ethics, rather than exploring these issues separately. The chapters identify empirically the strong interplay between ethics in organizational efficiency and financial activity, and the role of legal settings and governance in facilitating better ethical standards. The chapters explore novel and timely topics, particularly in the context of the recent financial crisis and the subsequent debate over regulating unethical behaviour. This book finally encourages future scholars to investigate the role of law and governance in mitigating corruption and fostering integrity in the fields of entrepreneurship and finance.

1 Overview; Robert Cressy, Douglas Cumming and Christine Mallin -- Part I: Entrepreneurship, Venture Finance and Ethics -- 2 The Value of Country-level Perceived Ethics to Entrepreneurs around the World; April Knill.- 3 Do private equity firms respond better to financial distress than PLCs?; Robert Cressy and Hisham Farag -- 4 Deal Structuring in Philanthropic Venture Capital Investments -- Luisa Alemany and Mariarosa Scarlata -- 5 Law and Corruption in Venture Capital and Private Equity; Douglas Cumming, Grant Fleming, Sofia Johan and Dorra Najar -- Part II. The Impact of Regulation and Financial Structure on Ethics and Governance -- 6 The Development of the UK Alternative Investment Market : Its Growth and Governance Challenges; Chris Mallin and Kean Ow-Yong -- 7 Controlling Shareholders' Fiduciary Duties Owed to Minority Shareholders - A Comparative Approach: the United States and France; Celine Gainet -- 8 Harmonized Regulatory Standards, International Distribution of Investment Funds and the Recent Financial Crisis; Douglas Cumming, Gael Imad'Eddine and Armin Schwienbacher -- 9 Active Management of Socially Responsible Portfolios; Annalisa Fabretti and Stefano Herzel -- 10 A Socially Responsible Portfolio Selection Strategy; Stefano Herzel and Marco Nicolosi -- Part III. Ethics, Fraud and Managerial Decisions -- 11 Corporate Social Responsibility Boundaries; Celine Gainet -- 12 Voluntary and Mandatory Skin in the Game: Understanding Outside Directors Stock Holdings; Sanjai Bhagat and Heather Tookes -- 13 The causes and financial consequences of corporate frauds; Stefano Bonini and Diana Boraschi-Diaz -- 14 Corporate Governance and Corporate Strategies for Climate Control and Environmental Mitigation; Raj Aggawral and Sandra Dow -- Part IV. Ethics and Governance in China -- 15 The role of Mutual Funds in Deterring Corporate Fraud in China; Wenxuan Hou Edward Lee and Konstantinos Stathopoulous -- 16 Institutional Shareholders and Executive Compensation: An Ethical View; Shujun Ding, Chunxin Jia, Yianshun Li and Zhenyu Wu -- 17 Chinese Management Buyouts and Board Transformation; Mike Wright, Yao Li and Louise Scholes -- 18 Multiple Large Shareholders and Joint Expropriation with Dividend Payments; Huaili Lv and Wanli Li -- Index

This research assesses the importance of credit access in modulating governance for gender inclusive education in 42 countries in Sub-Saharan Africa with data spanning the period 2004- 2014. The Generalized Method of Moments is employed as empirical strategy. The following findings are established. First, credit access modulates government effectiveness and the rule of law to induce positive net effects on inclusive "primary and secondary education". Second, credit access also moderates political stability and the rule of law for overall net positive effects on inclusive secondary education. Third, credit access complements government effectiveness to engender an overall positive impact on inclusive tertiary education. Policy implications are discussed with emphasis on Sustainable Development Goals.

In response to climate change's devastating impacts on Pacific nations such as Fiji, climate finance—that is, the flow of public and private funds toward climate-aligned investment—has been presented as a promising solution. However, climate finance has had mixed results in delivering positive climate-aligned development benefits. In this article, we explore the climate finance governance around Fiji's energy sector using postcolonial analytical tools, which allow us to explore some of the asymmetries playing out in climate finance and offer some alternatives. We argue that climate finance dysfunction is, in part, derived from the application of hegemonic knowledges in climate finance governance, and we aim to deconstruct these knowledge practices and subsequently, through the analysis of empirical, ethnographic data, to reconstruct governance alternatives that provide for epistemic inclusivity. This article demonstrates how Indigenous approaches such as talanoa and 'iluvatu can facilitate recognition of governance innovation, and, in doing so, it considers the potential of cognitive justice, which calls for epistemic inclusivity, within the context of climate finance governance. The article concludes that including cognitive justice in climate finance governance can indeed promote better climate-aligned development benefits in Fiji and beyond (Contemp Pac/GIGA).

PurposeThe purpose of this paper is to assess the importance of credit access in modulating governance for gender-inclusive education in 42 countries in Sub-Saharan Africa with data spanning the period 2004–2014.Design/methodology/approachThe generalized method of moments is used as empirical strategy.FindingsThe following findings are established: First, credit access modulates government effectiveness and the rule of law to induce positive net effects on inclusive "primary and secondary education." Second, credit access also moderates political stability and the rule of law for overall net positive effects on inclusive secondary education. Third, credit access complements government effectiveness to engender an overall positive impact on inclusive tertiary education.Originality/valuePolicy implications are discussed with emphasis on sustainable development goals.

Abstract: In response to climate change's devastating impacts on Pacific nations such as Fiji, climate finance—that is, the flow of public and private funds toward climate-aligned investment—has been presented as a promising solution. However, climate finance has had mixed results in delivering positive climate-aligned development benefits. In this article, we explore the climate finance governance around Fiji's energy sector using postcolonial analytical tools, which allow us to explore some of the asymmetries playing out in climate finance and offer some alternatives. We argue that climate finance dysfunction is, in part, derived from the application of hegemonic knowledges in climate finance governance, and we aim to deconstruct these knowledge practices and subsequently, through the analysis of empirical, ethnographic data, to reconstruct governance alternatives that provide for epistemic inclusivity. This article demonstrates how Indigenous approaches such as talanoa and 'iluvatu can facilitate recognition of governance innovation, and, in doing so, it considers the potential of cognitive justice, which calls for epistemic inclusivity, within the context of climate finance governance. The article concludes that including cognitive justice in climate finance governance can indeed promote better climate-aligned development benefits in Fiji and beyond.

The size of the public sector is an important tool in public governance. Public sector size may fuel both economic growth and political influence over the economy. By compiling and processing data from different sources of public accounts the paper aims at mapping the development of key financial indicators for the Norwegian central government sector during the transition period from the mid 19th to the mid 20th century. The data enable us to give measures of the size of the public sector alone and compared to the overall economy. It is found that the sector started its continuous growth before politicians deliberately started to increase the sector's size of the total economy. The paper also finds that an increase of the public sector often, but not always, reflects political economy regimes. Persistent growth in public finances as a tool for economic policy making did not take place before the introduction of the social-democratic regime in 1935. The paper also concludes that economic growth started before the growth in the public sector, suggesting that public sector growth might as well be a result of economic growth or vice versa ; publishedVersion

This study investigates the role of land pawn institutionalism in Indonesia in the context of regulation and governance. The theoretical framework referred to in this study is the institutionalization of land pawning from Demachi (2021), which explicitly observes the relationship of the land pawn governance framework to the economy. Furthermore, in the context of agro finance, another theory used is legal infrastructure (Pellandini-Simányi & Vargha, 2021), which analyzes the foundational role of law and regulation to function as social infrastructure to trigger expected economic conditions. The research was conducted using the normative and juridical approach with qualitative design. The findings of this study highlight that governance and regulation in the land system is a major tool in the social system. The land pawning is expected to accommodate the needs and interests of stakeholders and provide equitable services for the community to create legal certainty and social order. The findings highlight the importance of governance of land pawning to advance the role of law as economic and social infrastructure, especially in the agroeconomic field.