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Certain types of corporate social responsibility (CSR) activities can generate an ‘insurance-like’ benefit for firms (Godfrey, 2005). Thus far, this risk management hypothesis has been verified for the effects of firm-specific negative events. We argue that this insurance-like benefit of...
Persistent link: https://www.econbiz.de/10010326481
-term) investment horizons. The first classification stems from a content-driven sustainability perspective, while the second is derived … from temporal sustainability. The results indicate that sustainable institutional ownership is positively associated with a …
Persistent link: https://www.econbiz.de/10014501892
This article investigates the association between CSR and marginal credit costs of European companies. We provide instance for a negative association based on a variety of model specifications and fine-grained measures for CSR. These results can be explained in light of the increasing relevance...
Persistent link: https://www.econbiz.de/10014503950
This paper reviews the definitions of Corporate Social Responsibility (CSR) as they have evolve over time. It traces the origins of the concept and creates a theoretical framework for international use, thus having the benefit of applicability in both developing as well as developed economies....
Persistent link: https://www.econbiz.de/10012217643
We analyse the relationship between the extent of a firm's corporate social responsibility (CSR) and its long-term survival probability. We conjecture that a better CSR rating is associated with a lower probability of corporate failure and a longer survival period. Consistent with this, we...
Persistent link: https://www.econbiz.de/10013254722
If Corporate Social Responsibility (CSR) activities are beyond a firm's legal obligations and potentially require a sacrifice in short-term profits, why do firms promote CSR? This question motivates this investigation of the impact of CSR on a firm's Corporate Financial Performance (CFP). This...
Persistent link: https://www.econbiz.de/10011480622
, companies that compose the Spanish sustainability index FTSE4Good IBEX (as well as other IBEX indices) are examined. Two basic …
Persistent link: https://www.econbiz.de/10010280514
and customers. Transparency and open dialogue about performance, priorities and future plans for sustainability are …
Persistent link: https://www.econbiz.de/10010280589
The aim of an enterprise is to increase its value. This growth can be achieved if initiated socially responsible activities improve the value drivers. The company's specificity, type of its environment and their mutual reactions create conditions conducive to improvement of the driving forces of...
Persistent link: https://www.econbiz.de/10010289551
Theoretically, corporate social responsibility (CSR) can have both positive and negative effects on stock price crash risk, and the empirical evidence is mixed. CSR can be a useful signal of better informational quality and acts as an effective corporate governance mechanism, both of which serve...
Persistent link: https://www.econbiz.de/10015074865