Walton, Richard - In: International Journal of Financial Studies : open … 10 (2022) 1, pp. 1-19
This paper investigates the motivations behind corporate social responsibility (CSR) by considering the consequences of environmental, social and governance (ESG) failures that CSR is intended to avoid. Using data from 2581 public U.S. firms over 2007–2018, this paper finds that such failures...