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Voluntary Corporate Environmental Initiatives and Shareholder Wealth

Fisher-Vanden, Karen; Thorburn, Karin S - C.E.P.R. Discussion Papers - 2008

Researchers debate whether environmental investments reduce firm value or can actually improve financial performance. We provide some first evidence on shareholder wealth effects of voluntary corporate environmental initiatives. Companies announcing membership in Climate Leaders and Ceres - two...

Persistent link: https://www.econbiz.de/10005662265

Corporate Social Responsibility and Managerial Entrenchment

Cespa, Giovanni; Cestone, Giacinta - C.E.P.R. Discussion Papers - 2004

When stakeholder protection is left to the voluntary initiative of managers, relations with social activists may become an effective entrenchment strategy for inefficient CEOs. We thus argue that managerial turnover and firm value are increased by the institutionalization of stakeholder...

Persistent link: https://www.econbiz.de/10005504332

Social Capital, Trust, and Firm Performance during the Financial Crisis

Lins, Karl; Servaes, Henri; Tamayo, Ane - C.E.P.R. Discussion Papers - 2015

, high-CSR firms also experience higher profitability, sales growth, and sales per employee and a decline in their accounts …

Persistent link: https://www.econbiz.de/10011165644

Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World

Edmans, Alex; Li, Lucius; Zhang, Chendi - C.E.P.R. Discussion Papers - 2014

exhibit diminishing returns. The results have implications for the differential profitability of socially responsible …

Persistent link: https://www.econbiz.de/10011083605

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

Albuquerque, Rui; Durnev, Artyom; Koskinen, Yrjö - C.E.P.R. Discussion Papers - 2013

This paper presents an industry equilibrium model where firms can choose to engage in corporate social responsibility (CSR) activities. We model CSR activities as an investment in customer loyalty and show that CSR decreases systematic risk and increases firm value. These effects are stronger...

Persistent link: https://www.econbiz.de/10011083749

Trade Integration with Europe, Export Diversification and Economic Growth in Egypt

Dessus, Sébastien; Suwa Eisenmann, Akiko - C.E.P.R. Discussion Papers - 1998

Egypt needs to diversify exports further in order to emerge from its isolation and to draw the maximum advantage from …

Persistent link: https://www.econbiz.de/10005791201

An Egypt-United States Free Trade Agreement: Economic Incentives and Effects

Hoekman, Bernard; Konan, Denise; Maskus, Keith - C.E.P.R. Discussion Papers - 1998

This paper explores the economic impact of a free trade agreement (FTA) between Egypt and the United States, assuming … that Egypt implements both the recently agreed Arab League FTA and a Partnership Agreement with the European Union. An … Egypt-United States agreement would improve Egypt’s economic welfare. Gains would be maximized if the agreement were to …

Persistent link: https://www.econbiz.de/10005791561

Effective Protection and Investment Incentives in Egypt and Jordan During the Transition to Free Trade with Europe

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1996

This paper assesses the possible impact of a Euro-Mediterranean Agreement (EMA) on Egypt and Jordan and identifies …

Persistent link: https://www.econbiz.de/10005791725

Deep Integration, Non-Discrimination and Euro-Mediterranean Free Trade

Hoekman, Bernard; Konan, Denise - C.E.P.R. Discussion Papers - 1999

Key questions in evaluating the justification for free trade agreements (FTAs) are whether formal international cooperation is necessary to promote greater contestability of markets through harmonization or recognition of regulatory regimes ("deep integration"), and whether any actions taken to...

Persistent link: https://www.econbiz.de/10005792240

Measuring Top Incomes and lnequality in the Middle East: Data Limitations and Illustration with the Case of Egypt

Alvaredo, Facundo; Piketty, Thomas - C.E.P.R. Discussion Papers - 2014

East, with special emphasis to the case of Egypt. It has been noted that high inequality might have contributed to the Arab … income shares in a country like Egypt(or in other Middle East countries). One would need reliable fiscal sources in order to …

Persistent link: https://www.econbiz.de/10011171781