The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness

By Henri Servaes, Ane Tamayo. Management Sciences, 2012

2,253 citations recorded by the source corpus.

Subfields: Accounting, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3f0bb9263e39278a49eb94c10120c9009e9fdc2c

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Citations in the corpus

Evolutionary Competition in a Mixed Market with Socially Concerned Firms (2014, neutral): “…Social Performance and Corporate Financial Performance do not show clear-cut results (McWilliams et al., 2006; McWilliams and Siegel, 2000), although newer studies show a tendency towards a positive relation under certain conditions (e.g. Servaes and Tamayo, 2013; Brammer and Millington, 2008).”
Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (2019, neutral): “Our model predictions and tests are thus complementary to the hypothesis studied in Servaes and Tamayo (2013) stating that CSR has a positive impact on firm value when customer awareness is high.”
Corporate Goodness and Shareholder Wealth (2015, background): “…2012; Hong, Kubik, and Scheinkman, 2012; Cheng, Hong, and Shue, 2013; Di Giuli and Kostovetsky, 2014; Albuquerque, Durnev, and Koskinen, 2013; Servaes and Tamayo, 2013; Deng, Kang, and Sin Low, 2013).3 Thirdly, this paper provides thought-provoking and novel insights into the mea- 2Kotchen…”
Does a Board Characteristic Moderate the Relationship between CSR Practices and Financial Performance? Evidence from European ESG Firms (2021, background): “Financial performance demands social and environmental issues and also to take some constructive steps while showing tolerance for negative company data (Servaes and Tamayo 2013).”
Corporate Social Responsibility and Investment Efficiency (2016, neutral): “Its rating is considered as a standard in CSR and has been widely used by researchers (e.g. Bae et al. 2011; Bouslah et al. 2013; Hillman and Keim 2001; Krüger 2015; Servaes and Tamayo 2013; Sharfman 1996).”
Country-level institutions, firm value, and the role of corporate social responsibility initiatives (2017, methodology): “Research and development expenditures are typically expensed and not capitalized but they may create value (Servaes & Tamayo, 2013).”
It’s who you know that counts: Board connectedness and CSR performance (2020, background): “Several papers have excluded product (Servaes and Tamayo, 2013) and employee (Edmans, 2011) and included human rights.”
Corporate social responsibility and M&A uncertainty (2019, neutral): “CSR impacts the market value of firms (Buchanan et al., 2018; Fauver et al., 2018; Ferrell et al., 2016; Gao and Zhang, 2015; Jiao, 2010; Lins et al., 2017; Servaes and Tamayo, 2013), the cost of capital (El Ghoul et al.”
Carrots or Sticks? Improving Social and Environmental Compliance at Suppliers Through Incentives and Penalties (2015, background): “As a result, more ﬁrms are now aware and engaged in supplier practices to manage SER. Calls for this type of research include those made by Servaes and Tamayo (2013), who comment that there is a lack of understanding of social and environmental practices that affect ﬁrm value.”
Corporate Environmental Responsibility and Firm Risk (2015, methodology): “To further control firm characteristics in our CER-risk relation, we follow previous CSR-risk (Jo and Na 2012) and CSR studies (Jo and Harjoto 2011, 2012; Servaes and Tamayo 2013; Harjoto and Jo 2014) to add a list of control variables to our model.”