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. According to stakeholder theory, high-CSR companies face a positive relationship to financial performance and vament as a result … CSR activities bring a positive effect on firm value. Therefore, our evidence supports the stakeholder theory that high … to firm value. The evidence supports the stakeholder theory, indicating that high CSR companies benefit their …
Persistent link: https://www.econbiz.de/10015375948
The literature are abound with studies on the impact of environmental, social, and governance (ESG) factors on a company's value, or more broadly, on its financial performance. However, most analyses concern developed markets, mainly because the largest rating agencies operate in these markets,...
Persistent link: https://www.econbiz.de/10015415195
We review the burgeoning sustainable finance literature, emphasizing the value implications of ESG (environmental, social, and governance) and CSR (corporate social responsibility) practices. We use a discounted cash flow valuation framework to identify value drivers through which such practices...
Persistent link: https://www.econbiz.de/10013405774
This study investigates how a firm's climate change risk (FCCR) and financial flexibility (FIFL) affect its value and environmental, social, and governance (ESG) performance. We use data from publicly listed US firms for 2012-2021. We employed four estimation methods: bootstrap quantile...
Persistent link: https://www.econbiz.de/10014494709
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We examine the value consequences of corporate social responsibility through the lens of institutional shareholders. We find a sharp asymmetry between corporate policies that mitigate the firm's exposure to environmental risk and those that enhance its perceived environmental friendliness...
Persistent link: https://www.econbiz.de/10012949128
We examine the value consequences of corporate social responsibility through the lens of institutional shareholders. We find a sharp asymmetry between corporate policies that mitigate the firm's exposure to environmental risk and those that enhance its perceived environmental friendliness...
Persistent link: https://www.econbiz.de/10012979838
metrics. Additionally, qualitative nonfinancial factors such as reputation, stakeholder trust, employee satisfaction and …
Persistent link: https://www.econbiz.de/10012601031
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