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Studies and researches
Vol. 8 Issue 1 - 6/2016
Social Status in Norway and the Law of Jante: An Analysis of ISSP Social Inequality Data
This study examines International Social Survey Programme data from the 1999 social inequality module for evidence of Janteloven (‘the law of Jante’) in Norway – a widely known though often disputed description for aspects of Norwegian (and Scandinavian) society relating to equality, norming and envy. Income equality and social status were examined using survey data across 26 countries. Norwegian respondents did not show a marked preference for income equality when asked to consider the actual and deserved income of high- versus low-status occupations. However, they did stand out in reporting a distinctly and significantly smaller mean difference in social status between a high-status occupation (the chairman of a large national corporation) and a low-status occupation (an unskilled factory worker). Linear regression shows that the attitude towards social status is affected by the respondent’s level of education, but not by other personal factors. These attitudes could potentially be attributed to Janteloven, and are considered alongside the results of a small (n=30) online survey as well as popular media and academic portrayals. Read more
Keywords:
Janteloven, survey, equality, social status, Norway

JEL:
Z13
Studies and researches
Vol. 8 Issue 1 - 6/2016
The Case of “EMU-Outsiders”: Economic and Political Considerations
Our paper discusses the option of three EU countries – United Kingdom, Sweden and Denmark – of not joining the EMU and analyses whether besides their subjective option of staying out of the EMU there is also an economic reason behind this decision, based on existing literature in the field. The three “EMU-outsiders” are different in terms of economic power, financial market attributes, monetary policy rules employed and political decisions. In each case, the choice to remain outside EMU was based on economic reasons, as well as political and sometimes nationalist arguments. Of the three countries under scrutiny, Denmark is by far the one which has the best prospects of joining EMU, given its fixed exchange rate against the Euro, and United Kingdom the worst, particularly given the recent vote for Brexit. At the same time, the sovereign debt crisis that the EU and particularly the EMU had to confront between 2009 and 2011 has seriously threatened the eventual adoption of the common currency by these economies. Read more
Keywords:
European Monetary Union (EMU), Denmark, Sweden, United Kingdom, Brexit

JEL:
F33, F36, F45
Studies and researches
Vol. 8 Issue 1 - 6/2016
CSR Integration into the Financial Economy: A Conceptual Approach
Corporate social responsibility is a complex concept and its design integrates economic, social and environmental issues, pointing out the operational effects on a voluntary basis. It is considered a strategic point in the actual evolution of the economy, due to the financial market dynamism, being identified a critical correlation between financial crises and corporate social responsibility. The main purpose of this paper is to synthesize, through a literature review, the multiple dimensions of CSR, with a special emphasis on the theoretical approach. In order to provide a coherent overview on the banking CSR, it will be proposed a division of the CSR theories according to: (1) the ethical approach, (2) the stakeholders approach, and (3) the corporate governance approach. The major aim of this paper is to fill a gap in the theoretical approach of the CSR for the banking system, due to the necessity to unify the CSR reporting elements in order to find a balance between the bank’s organizational structure and their legitimacy to operate on the financial market. Read more
Keywords:
corporate social responsibility, financial market, stakeholders

JEL:
M14, G21
EJIS is published under the research grant no. 91-058/2007 The Development of Interdisciplinary Academic Research Aimed at Enhancing the Romanian Universities International Competitiveness, coordinated by the Bucharest Academy of Economic Studies and financed by CNMP Romania.
The Call for Papers is:

OPEN

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