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Analyst coverage and corporate social performance: Evidence from China
Zhang, Min; Tong, Lijing; Su, Jun; Cui, Zhipeng - In: Pacific-Basin Finance Journal 32 (2015) C, pp. 76-94
This paper uses a set of unique data from Chinese listed companies to examine the influence of analyst coverage on … support for the reputational capital view of corporate philanthropy. The effect of analyst coverage on philanthropy is more … the conclusions. Our research enriches the literature on corporate social responsibility and analyst coverage. …
Persistent link: https://www.econbiz.de/10011263623
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The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation
Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into … operating in all major industries. Our principal findings reveal that country sustainability related to both social and … of one unit in country sustainability scores is associated with an average decrease in the costs of debt by 64 basis …
Persistent link: https://www.econbiz.de/10011095353
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The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation
Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - Henley Business School, University of Reading - 2014
We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into … operating in all major industries. Our principal findings reveal that country sustainability related to both social and … of one unit in country sustainability scores is associated with an average decrease in the costs of debt by 64 basis …
Persistent link: https://www.econbiz.de/10011210428
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Sustainability and Organizational Change by Sustainable Crediting Therapy
Ilie, Dragoş - In: The AMFITEATRU ECONOMIC journal 14 (2012) 32, pp. 393-403
The objective of this paper is to demonstrate that one of the therapies to achieve sustainability and organizational … able to achieve sustainability in their developed activity, as well as organizational change with positive effects on their …
Persistent link: https://www.econbiz.de/10010819130
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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
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Socially Responsible Firms
Renneboog, Luc; Liang, H.; Ferrell, A. - Tilburg University, Center for Economic Research - 2014
In the corporate finance tradition starting with Berle & Means (1923), corporations should generally be run so as to maximize shareholder value. The agency view of corporate social responsibility (CSR) generally considers CSR as a managerial agency problem and a waste of corporate resources,...
Persistent link: https://www.econbiz.de/10011092285
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Socially Responsible Firms
Renneboog, Luc; Liang, H.; Ferrell, A. - Tilburg University, Tilburg Law and Economic Center - 2014
In the corporate finance tradition starting with Berle & Means (1923), corporations should generally be run so as to maximize shareholder value. The agency view of corporate social responsibility (CSR) generally considers CSR as a managerial agency problem and a waste of corporate resources,...
Persistent link: https://www.econbiz.de/10011093105
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The price of environmental, social and governance practice disclosure: An experiment with professional private equity investors
Crifo, Patricia; Forget, Vanina D.; Teyssier, Sabrina - In: Journal of Corporate Finance 30 (2015) C, pp. 168-194
This paper sheds light on the impact that environmental, social and governance (ESG) corporate practice disclosure has on equity financing. We present a unique framed field experiment in which professional private equity investors competed in closed auctions to acquire fictive firms. We hence...
Persistent link: https://www.econbiz.de/10011190846
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Is there a Gold Social Seal? The Financial Effects of Additions to and Deletions from Social Stock Indices
Kappou, Konstantina; Oikonomou, Ioannis - Henley Business School, University of Reading - 2012
This study investigates the financial effects of additions to and deletions from two of the most well-known social stock indices: the Calvert social index and the MSCI KLD 400 index. By examining not only short-term abnormal returns but also trading activity, earnings per share and long-term...
Persistent link: https://www.econbiz.de/10010838051
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The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis
Oikonomou, Ioannis; Pavelin, Stephen - Henley Business School, University of Reading - 2010
This study focuses on the wealth-protective effects of socially responsible firm behaviour by examining the association between corporate social performance (CSP) and financial risk for an extensive panel data sample of S&P 500 companies between the years 1992 and 2009. In addition, the link...
Persistent link: https://www.econbiz.de/10010938097