Legal vs. Normative CSR: Differential Impact on Analyst Dispersion, Stock Return Volatility, Cost of Capital, and Firm Value

By Maretno Agus Harjoto, H. Jo. 2015

279 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9020d6807a169c8744786aa36730b5d58dd4bde8

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. Jinhua Cui
2. Li Cai
3. Isabel‐María García‐Sánchez
4. Jennifer Martínez‐Ferrero
5. Haejung Na
6. Nazim Hussain
7. Bonnie G. Buchanan
8. Cho-Jieh Chen

In Strategy and Management

1. Jinhua Cui
2. Li Cai
3. Jennifer Martínez‐Ferrero
4. Isabel‐María García‐Sánchez
5. Haejung Na
6. Nazim Hussain
7. Bonnie G. Buchanan
8. Cho-Jieh Chen

Citations in the corpus

• Does Corporate Social Responsibility Affect Information Asymmetry? (2016, background): “, social or environmental activists) besides the shareholders, is receiving more attention in the literature (e.g., Freeman 1984; Makni et al. 2009; Jensen 2002; Calton and Payne 2003; Sherer et al. 2006; Jo and Harjoto 2011, 2012; Harjoto and Jo 2015).”
• Corporate social responsibility, firm value, and influential institutional ownership (2018, background): “Reggiani (2007) and Harjoto and Jo (2015) suggest that different aspects of CSR activities, such as community versus product related CSR or legal versus normative CSR, have various implications to firm value.”
• Impact of disclosure and assurance quality of corporate sustainability reports on access to finance (2019, methodology): “We selected our controls after a careful review of the literature (see for comparison, Dhaliwal et al., 2012; Cheng et al., 2014; Hartojo & Jo, 2015).”
• Are CSR disclosures relevant for investors? Empirical evidence from Germany (2016, unknown): “…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 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. The control variables include firm size either by ”