Positive and Negative Corporate Social Responsibility, Financial Leverage, and Idiosyncratic Risk

By Saurabh Mishra, Sachin B. Modi. 2013

365 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/400d549bd0f033da6215048cd7a5c620e4c8af09

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Citations in the corpus

Building innovation capability: The role of top management innovativeness and relative-exploration orientation (2017, neutral): “The firm-level control variables were firm size (e.g., Beck, Demirgüç-Kunt, & Maksimovic, 2005), financial leverage (e.g., Mishra & Modi, 2013), cash flow (e.g., Gruca & Rego, 2005), and a dummy variable where 1= service firms and 0=non-service firms.”
The effects of environmental, social and governance disclosures and performance on firm value: A review of the literature in accounting and finance (2017, neutral): “More recently, Mishra and Modi (2013) return to the CSR-risk link and show that there is an unconditional effect of negative CSP in increasing idiosyncratic risk whereas the risk-reducing effect of positive CSP activities is contingent on the financial leverage of the respective firm.”
Are CSR disclosures relevant for investors? Empirical evidence from Germany (2016, neutral): “…1374 ,6 as specific stakeholder groups may have dissimilar influences on firms ’ operations and financial performance (Flammer, 2015; Dhaliwal et al. , 2012); in addition, investors may be interested in specific CSR activities (Harjoto and Jo, 2015; Mishra and Modi, 2013; Bird et al. , 2007).”
Corporate Social Responsibility Performance, Incentives, and Learning Effects (2020, background): “2014; Mishra and Modi 2013)], and also on the moderating effect of disclosure transparency (Barth et al.”
Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy (2017, background): “Mishra and Modi (2013) show that firms emphasize the positive aspects and ignore the negative aspects of CSR performance.”
Sensitive industries produce better ESG performance: Evidence from emerging markets (2017, methodology): “Data: DataStream database Mishra and Modi (2013) Firm size ¼ continuous variable that reflects the size of the company.”
Which Dimensions of Social Responsibility Concern Financial Investors? (2013, neutral): “The main result obtained about financial risk, as measured on stock returns, show that SR firms exhibit a lower idiosyncratic risk (Luo and Bhattacharya 2009; Mishra and Modi 2012).”