The Price of Sin: The Effects of Social Norms on Markets

By D. Kidd. 2010

202 citations recorded by the source corpus.

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Sin Stocks Revisited: Resolving the Sin Stock Anomaly (2017, background): “Hong and Kacperczyk [2009] examine sin stocks in the United States over the period 1965–2006.”
Foundations of ESG Investing: How ESG Affects Equity Valuation, Risk, and Performance (2019, methodology): “Because of better risk control standards, high ESG-rated companies suffer less frequently from severe incidents such as fraud, embezzlement, corruption, or litigation cases (cf. Hong and Kacperczyk 2009) that can seriously impact the value of the company and therefore the company’s stock price.”
Corporate social responsibility, the cost of equity capital and ownership structure: An analysis of Chinese listed firms (2015, background): “A recent survey by Lacy et al. (2010) finds that 93% of 766 chief executive officers (CEOs) worldwide believe that issues related to CSR are critical to the future success of their businesses; in particular, the economic downturn has led their corporations to align CSR more closely with core busines”
Why Do Countries Matter so Much in Corporate Social Performance (2016, background): “Hong and Kacperczyk (2009) find that norm-constrained American institutions, such as public pension plans, invest significantly less in sin stocks than conventional mutual funds and hedge funds that are less constrained.”