Corporate Sustainability Performance and Idiosyncratic Risk: A Global Perspective

By Darren D. Lee, R. Faff. 2009

572 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/562cb0d3eae716f82020cc0e2dde26eca893f1bf

How researchers see this paper

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

In Accounting

In Finance

In Strategy and Management

Citations in the corpus

Toward The Perspective Of Cognitive Destination Image And Destination Personality: The Case Of Beijing (2013, methodology): “These items were developed and validated in prior research streams—such as corporate social responsibility (e.g., Lee & Faff, 2009; Webb et al., 2008), business morality and ethics, (e.g., Forsyth, 1992), and green management (e.g., Chen, 2008; Han, Hsu, & Lee, 2009; Pizam, 2009).”
The impact of corporate social responsibility on the cost of bank loans (2011, background): “Using equally weighted portfolios of leading and lagging firms, Lee and Faff (2009) show that the leading (high CSR) firms have lower idiosyncratic risk and have lower returns than the laggards.”
The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts’ Perceptions and Shifting Institutional Logics (2015, background): “We also contribute to the literature stream within CSR that seeks to understand the link between CSR and the derivation of firm value in financial markets (e.g. Lee & Faff, 2009; El Ghoul, Guedhami, Kwok et al., 2011; Goss & Roberts, 2011; Cheng, Ioannou, & Serafeim, 2014).”
Corporate social responsibility, the cost of equity capital and ownership structure: An analysis of Chinese listed firms (2015, background): “These studies show that firms with better CSR have lower idiosyncratic risk (Lee and Faff, 2009) and higher market-to-book ratios (Galema et al., 2008), whereas socially irresponsible firms may face uncertain future explicit claims.”
Revisiting the Vexing Question: Does Superior Corporate Social Performance Lead to Improved Financial Performance? (2009, background): “Empirical evidence supporting this can be found in Lee and Faff (2009), Lee (2007), Boutin-Dufresne and Savaria, 2004 and Herremans, Akathaporn and McInnes 1993.”
Disclose or not disclose: determinants of social reporting for STOXX Europe 600 firms (2010, unknown): “Lo and Sheu (2007), Lopez et al. (2007), Lee and Faff (2009) and Lee et al. (2009).”
Corporate Social Responsibility and Stock Price Crash Risk (2014, unknown): “Other studies examine the association between CSR and firm risk (e.g., Lee and Faff, 2009).”
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON INVESTMENT RECOMMENDATIONS. (2010, background): “We also contribute to the literature stream within CSR that seeks to understand the link between CSR and the derivation of firm value in financial markets (e.g. Lee & Faff, 2009; El Ghoul, Guedhami, Kwok et al., 2011; Goss & Roberts, 2011; Cheng, Ioannou, & Serafeim, 2014).”
Environmental, Social, Governance Activities and Firm Performance: Evidence from China (2021, background): “Some research conclusions based on the capital markets of developed countries proved the correctness of this inference [17,33,35].”
Operational Productivity, Corporate Social Performance, Financial Performance, and Risk in Manufacturing Firms (2016, background): “While some focus on the risk performance of a portfolio of stocks (e.g., Lee and Faff 2009, Boutin-Dufresne and Savaria 2004), other studies at the ﬁrm-level present ﬁndings on how individual dimensions of CSP differentially inﬂuence risks (Bouslah et al. 2013).”
Corporate Environmental Responsibility and the Cost of Capital: International Evidence (2016, background): “For instance, Boutin-Dufresne and Savaria (2004) and Lee and Faff (2009) document that lowCSR firms exhibit significantly higher idiosyncratic risk, while Albuquerque et al. (2013) document that low-CSR firms have higher systematic risk.”