The purpose of this study is to test whether CSR engagement provides insurance like effect even after the firm has faced an integrity questioning event. The impact of this integrity based negative event is measured as the media sentiment while reporting the event. Accordingly, we test whether...

Prior research examining the impact of corporate social responsibility (CSR) on stakeholders has largely focused on studying the insurance like effect of CSR outlays and the resulting effect on stock returns, thereby emphasizing the implications for shareholders. Our study examines the following...