Ghanma, Dina; Oikonomou, Ioannis; Schopohl, Lisa; … - 2021
In the Subprime Crisis of 2008/9, European firms with high Corporate Social Responsibility (CSR) scores had stock returns 1.8 to 2.6 percentage points higher than those with lower scores. This is believed to be the effect of social capital – an asset which becomes incrementally valuable during...