This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...

Shareholder primacy and shareholder wealth maximization have been advocated by business leaders and legal scholars for decades.In view of the numerous challenges that the economy – and more broadly the humanity – are facing, this (simplistic) approach is criticized. Many companies are...

Mutual funds must publish policies announcing how they generally vote on the different ballot items at the shareholder meetings of their portfolio firms. I manually collect 17,000 of these policies for a sample of 29 of the largest U.S. mutual fund families over 2006-2018. I find that voting...

Manuscript Type: EmpiricalResearch Question/Issue: This paper investigates the relationship between corporate governance (CG) and corporate social responsibility (CSR), and consequently, examines whether CG can positively moderate the association between corporate financial performance (CFP) and...

This is an empirical study of the relationship between Corporate Social Responsibility (CSR), financial performance and risk at U.S. banks from 1998-2010. The results are striking. First, there is a positive relationship between CSR and both operating performance and firm value. This result is...

The relationship between Earnings Management (EM) and Corporate Social Responsibilities (CSR) has raised a considerable number of attentions, especially, in financial and accounting field since they determine firms' performance as well as market positioning. On the contrary, in an emerging...

This paper demonstrates that strategic equity holdings by employees and family or by corporations discourage investment in environmental, social and governance (ESG) activities as measured by ASSET4 performance scores. Conversely, debt or government equity finance is positively associated with...

This study examines the impacts of powerful CEOs and state ownership on commercial banks' corporate social responsibility (CSR) in Vietnam, a transitional market in Asia. Given the differences between emerging and developed markets in terms of their institutions and governance, it is essential...

The research on corporate social responsibility (CSR) has taken on particular importance in the current banking literature. This literature focused on the direct effect of CSR on bank performance. However, this study fills this gap by examining the relationship between CSR and Islamic bank...

The purpose of this study is to investigate the potential effects of corporate governance (CG) elements on corporate social responsibility (CSR) disclosure. The annual reports of companies for the year 2007-2011 are examined to analyze the relationship between CG and CSR reporting. It considers...