Cajias, Marcelo; Fuerst, Franz; Bienert, Sven - In: Studies in Economics and Finance 31 (2014) 2, pp. 202-222
Purpose – This paper aims to investigate the effect of corporate social responsibility (CSR) ratings on the ex ante cost of capital of more than 2,300 listed US companies in a panel from 2003 to 2010. It examines whether financial markets value continuous investment in CSR activities through...
