Corporate Social Responsibility, Noise, and Stock Market Volatility

By Marc Orlitzky. 2012

260 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/62a513a96d250519aaa2d6eb4509e2bf87966d9c

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. Timo Busch
2. Isabel‐María García‐Sánchez
3. Jennifer Martínez‐Ferrero
4. G. Friede
5. Moinak Maiti
6. Rob Bauer
7. C. Lee
8. Roger C. Y. Chen

In Strategy and Management

1. Timo Busch
2. Moinak Maiti
3. Jennifer Martínez‐Ferrero
4. Isabel‐María García‐Sánchez
5. G. Friede
6. Brian W. Jacobs
7. Rob Bauer
8. Sriram Narayanan

Citations in the corpus

• The Effects of Perceived Corporate Social Responsibility on Employee Attitudes (2014, unknown): “We modified Waddock’s (2004) original definition by adding a focus on well-being as well as creation of value for the business, which is in line with the propositions of Jensen (2002) and Orlitzky (2013) to tie CSR to a company’s economic fundamentals.”
• Operational Productivity, Corporate Social Performance, Financial Performance, and Risk in Manufacturing Firms (2016, background): “Multiple studies note that the divergent nature of CSP dimensions and measures often lead to problems with measurement and analyses in research (Wood 2010, Delmas and Blass 2010, Orlitzky 2013).”
• Impact of disclosure and assurance quality of corporate sustainability reports on access to finance (2019, background): “Recently, Flammer (2013) find that investors pay more for the stock of socially responsible firms, whereas Orlitzky (2013) argues that CSR information disclosure creates noise and increases information asymmetry.”
• The influence of CSR on firm value: an application of panel smooth transition regression on Taiwan (2017, background): “This demonstrates a negative correlation between CSR and operational performance (Orlitzky, 2013).”
• Do Markets Punish or Reward Corporate Social Responsibility Decoupling? (2020, background): “Less transparent CSR disclosure can create information noise in the financial markets (Orlitzky, 2013) and increasing cost of capital.”
• Is ESG the succeeding risk factor? (2020, background): “Then the studies by Orlitzky (2011); Borgers et al. (2013); Orlitzky (2013); Reynolds (2014) questions about the measurability and durability aspect of the ESG.”
• Sustainable Development and Financial Markets (2016, background): “In recent years, sustainable investment practices have been increasing at a fast pace (Bauer, Koedijk, & Otten, 2005; Galema, Plantinga, & Scholtens, 2008; Orlitzky, 2013).”