Very few studies verified whether Socially Responsible Investments (SRIs) add value during a financial turmoil. We fill this gap. We conduct the analysis by employing the Fama and French (2015) five-factor model along with the usual Fama and French's (1993) and Carhart's (1997) models. We also...

An emerging body of literature has demonstrated that corporate philanthropy can be an important part of a company's business strategy. However, we know relatively little about how companies allocate philanthropic resources to achieve their strategic targets. Using geographical distribution data...

Using a sample of U.S listed firms from 1994 to 2015, we examine how the geographic dispersion of a firm affects corporate social responsibility (CSR). We find that corporate geographic dispersion is negatively associated with CSR scores. We further find that this robust negative relationship is...