Baron, David P.; Harjoto, Maretno A.; Jo, Hoje - Graduate School of Business, Stanford University - 2008
This paper provides an empirical test of a theory that relates corporate financial performance (CFP), corporate social … performance (CSP), and social pressure from government and social activist for improved social performance. A three …-equation structural model is estimated for a large number of firms for 1996-2004. The estimates are statistically and economically …