Country-level institutions, firm value, and the role of corporate social responsibility initiatives

By Sadok El Ghoul, Omrane Guedhami, Yongtae Kim. Journal of International Business Studies, 2017

754 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8bde613811e3478534d857b4d5c69acce7bca8b9

How researchers see this paper

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In Accounting

1. Sadok El Ghoul
2. Diogenis Baboukardos
3. Omrane Guedhami
4. Carrie Pan
5. Ye Cai
6. M. Statman
7. Ajay Patel
8. R. Nash

In Strategy and Management

1. Diogenis Baboukardos
2. Sadok El Ghoul
3. Omrane Guedhami
4. Carrie Pan
5. Ye Cai
6. M. Statman
7. R. Nash
8. Ajay Patel

Citations in the corpus

• The valuation relevance of environmental performance revisited: The moderating role of environmental provisions (2017, methodology): “The second model [Model (vii)] is inspired by El Ghoul et al. (2017) and Servaes and Tamayo (2013) and relates Tobin’s Q (TOBINQ) to Environmental Performance (ENVPERF) after controlling for a number of firm-level characteristics (SIZE, ROE, LEV, BM, ETS, SUSTREP).”
• DOES ENVIRONMENTAL, SOCIAL AND GOVERNANCE PERFORMANCE INFLUENCE ECONOMIC PERFORMANCE? (2020, background): “El Ghoul, Guedhami, and Kim (2017) analyzed the relationship between ESG performance and firm value in 53 countries and found a positive relationship.”
• New Evidence on the Role of the Media in Corporate Social Responsibility (2016, positive): “Following El Ghoul et al. (2016) and Ioannou and Serafeim (2012), we construct a firm’s overall CSR score (CSR_S) as the average of its environmental and social ratings.”
• Can ESG Indices Improve the Enterprises’ Stock Market Performance?—An Empirical Study from China (2019, background): “Thus, enhancing ESG aspects will lead to lower corporate financing costs [18,20].”