Gregory, Alan; Tharyan, Rajesh; Whittaker, Julie - In: Journal of Business Ethics 124 (2014) 4, pp. 633-657
This paper investigates the effect of corporate social responsibility (CSR) on firm value and seeks to identify the source of that value, by disaggregating the effects on forecasted profitability, long-term growth and the cost of capital. The study explores the possible risk (reducing) effects...