This paper discusses the first experiences and results of a project titled Social Fair Play (SFP), whose objective is to install the principles of sustainability and social responsibility (SR) at the core of Spanish professional football. The project was implemented in clubs and foundations belonging to some of the categories of the Spanish National Professional Football League (LaLiga). Generally speaking, the football industry, despite its strong economic and social impact, has entered the debate on strategic management in SR late. This study's interest lies in determining whether these first results and evidences can contribute to the debate, reflected in the specialised literature, around the gap between the theoretical formulation and the practical application of SR and sustainability principles. A second source of interest is the question of whether, on the basis of this experience, a system of social performance measures can be developed for the whole industry which would enable us to compare results and ease their communication, along the lines of other economic sectors, taking as a model internationally recognised standards such as the GRI.
PurposeThis study aims to explore how responsible corporate behaviour, specifically self-imposed financial regulatory control, might subsequently be reflected in the financial performance of companies subject to such regulation.Design/methodology/approachIn this study, the authors aim to explore how financial compliance in the form of the Economic Control Regulation (ECR) has impacted on the financial performance of professional football clubs in Spain. To this purpose, the authors adopted a quasi-experimental before and after study design. This type of design assesses the object of study before and after a specific event in order to determine whether this event has had any effects on the object. In this case, the event was the coming into effect of the ECR in the fiscal year of 2012, and the object hypothetically affected was the clubs’ economic performance.FindingsThe authors can confirm that in general terms and for the whole set of clubs analysed, the ECR has had a strong and positive effect on financial performance.Research limitations/implicationsIn this study, the authors wish to establish a link between the idea of “compliance” and that of “responsible corporate management practice”. It is not just a matter of compliance with the law. The fact of complying with certain laws could, in general terms, or from the point of view of common sense, be qualified as “responsible behaviour”. However, under the contemporary concept of corporate responsibility, compliance with the law is a behaviour that must be taken for granted. Responsibility, therefore, would entail going beyond such expected behaviour to one that exceeds the environment's expectation of the corporate actor.Practical implicationsWhat extent improvements in financial performance have also boosted social performance. Confirming such a positive effect endorses the argument that ethical improvements in corporate culture have a general effect on business sustainability in its different aspects: economic, social, environmental and in governance.Social implicationsThe authors may foresee that the culture of compliance will spread from the finance departments to other management areas. Its connection with ethical business practice is directly linked to the more complex concept of the “citizen company”. There are suggest interesting bases on which professional football clubs might move from a traditional profit-oriented company model towards a more contemporary one oriented towards relationships of integrity with the sport's environment. This study shows that the ECR has been a starting point for the development of Spanish professional football clubs towards this type of “citizen company”.Originality/valueIt was a single-sector study whose principal value lies in the verification of whether responsible economic management (the main consequence of applying the ECR) had any effects on company profits, financial results and other important indicators. In addition to fostering responsibility, this new management model involves a special innovation, as it is based on self-regulation (i.e. on regulations not imposed by national or supranational states), designed and implemented to ensure the sector's viability.
El apoyo a las personas en situación de dependencia es uno de los principales objetivos y retos en los países más desarrollados. El objeto de la Ley es atender a aquellas personas en situación de necesidad, por la concurrencia de situaciones de vulnerabilidad, necesitan del apoyo de otros tanto para desempeñar las tareas básicas de la vida cotidiana como para ejercer los derechos del resto de la ciudadanía. Entre los aspectos más destacados de la ley llamamos la atención sobre la consideración jurídica del derecho reconocido y del sistema sobre el que se asienta (ámbito asistencial, Seguridad Social u otro distinto) y el régimen jurídico de las prestaciones que otorga.
: El proceso de implementación de la inteligencia artificial y los algoritmos en el ámbito de la gestión de los recursos humanos y de las relaciones de trabajo, está generando un profundo debate jurídico en torno a cuestiones tales como la eficiencia de los procesos y decisiones o el grado de intervención humana. También el alcance de la información que recibe el trabajador en este proceso y los riesgos de discriminación derivados del mismo. En el presente estudio, abordaremos dicho debate analizando el alcance del art. 80.5 del Convenio de la Banca, que introduce una regulación de las garantías de los procesos de decisión empresarial basados exclusivamente en la gestión artificial de datos sin la intervención humana. Esta regulación podría suponer un avance en términos de transparencia y gobernanza respecto a la escasa e incompleta regulación específica sobre esta materia existente actualmente, con un elevado predominio de la normativa de softlaw
<p>Since the end of the 20th century football has become an ever-expanding business, especially in European economies. It has created internal pressures in the systemization of processes, regulatory control, professionalization of tasks and organizational modernization in general. In addition, the increasing social weight of football has led to calls for more ethical and responsible business practice, more consistent with the contemporary social values currently gaining ground in other sectors. From this perspective, we assess the reactions of the Spanish professional football sector to the compulsory application of responsible corporate management criteria (Economic Control Regulation). We carried out a study of the coming into effect of such regulation in professional clubs financial performance in two seasons, 2010-11 and 2014-15 (before and after, respectively, the imposition of the ECR). Our findings show a marked improvement in financial indicators. The central discussion of this paper focuses on ways that responsible management improves company profitability. </p>
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