Corporate Social Responsibility and Stock Price Crash Risk

By Yongtae Kim, Haidan Li, Siqi Li. 2014

1,295 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/148d827e332a47d6ba563a6bc3da334d77731a00

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Omrane Guedhami
2. Sadok El Ghoul
3. Christian Leuz
4. Hans B. Christensen
5. Luzi Hail
6. Isabel‐María García‐Sánchez
7. Jennifer Martínez‐Ferrero
8. Narjess Boubakri

In Strategy and Management

1. Luzi Hail
2. Christian Leuz
3. Sadok El Ghoul
4. Omrane Guedhami
5. Jennifer Martínez‐Ferrero
6. Isabel‐María García‐Sánchez
7. Hans B. Christensen
8. Jinhua Cui

Citations in the corpus

• The Impact of Board Gender Diversity and Foreign Institutional Investors on the Corporate Social Responsibility (CSR) Engagement of Chinese Listed Companies (2019, background): “Furthermore, we are contributing to literature by combining institutional/stakeholder perspective to CSR policies and strategies specifically in developed countries [41–44].”
• Retail investor attention and stock price crash risk: Evidence from China (2019, background): “𝐴𝑣𝑒𝑟𝑎𝑔𝑒(𝐷_𝐴𝑡𝑡𝑖,(𝜏−3,𝜏−1)), the average of the daily RIA of previous two months, denotes the 4 Particularly, extant studies (e.g., Antweiler and Frank (2004), Das and Chen (2007), Kim and Kim (2014), and Bajo et al. (2016)) collect information from Yahoo!”
• Do Markets Punish or Reward Corporate Social Responsibility Decoupling? (2020, background): “Accurate CSR information reduces forecast errors and information asymmetry by turning private information into public information and informing the uninformed stakeholders (Diamond & Verrecchia, 1991; Y. Kim et al., 2014).”
• Corporate Social Responsibility and Market Efficiency: Evidence from ESG and Misvaluation Measures (2020, methodology): “Second, we apply a dynamic panel GMM model following Arellano and Bond (1991) and Arellano and Bover (1995) that has recently been used in the field of CSR and finance to mitigate endogeneity issues of fixed-effects methods (Kim et al., 2014; Ghoul et al., 2011).”
• Strategic CSR: A Concept Building Meta‐Analysis (2019, positive): “, 2012), showing that stock price crash risk (Kim et al., 2014) and firm default risk (Sun and Cui, 2014; Verwijmeren and Derwall, 2010) are both reduced by CSR activities.”