Bolton, Brian - In: International Journal of Financial Studies : open … 8 (2020) 4/65, pp. 1-28
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 all CSR investments are the same. I distinguish between internal CSR …
