This paper examines the profitability of investing according to environmental, social and governance (ESG) criteria in the U.S. and Europe. Based on data from 2003 to 2017, we show that a portfolio long in stocks with the highest ESG scores and short in those with the lowest scores yields a...

The purpose of this paper is to investigate the impact of corporate social responsibility (CSR) on firm-specific information diffusion from 1,219 non-financial US firms between 2000 and 2012. By using Arellano-Bond dynamic panel-data estimation, we found evidence that suggests that stock prices...