Stakeholder relations and stock returns: On errors in investors' expectations and learning

By A. Borgers, Jeroen Derwall, Kees G. Koedijk, J. T. Horst. 2013

119 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/9acc3f412807f9446daeedd7bf61fffeb1d0ba0b

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. Kees G. Koedijk
3. J. T. Horst
4. Jeroen Derwall
5. G. Friede
6. A. Borgers
7. Alexander Bassen
8. Luluk Widyawati

In Finance

1. Timo Busch
2. Jeroen Derwall
3. J. T. Horst
4. Kees G. Koedijk
5. G. Friede
6. A. Borgers
7. Luluk Widyawati
8. John R. Nofsinger

Citations in the corpus

• Why Do Investors Hold Socially Responsible Mutual Funds?: Why Do Investors Hold Socially Responsible Mutual Funds? (2017, unknown): “Understanding investors’ reasons for holding SRI funds is important because, as Fama and French (2007) show, taste for assets can have long-run effects on asset prices, whereas differences in beliefs have only short-run effects (e.g., Bénabou and Tirole (2010), Borgers et al. (2013)).”
• ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015, background): “The question has been raised of whether the ESG–CFP relation is stable over time (Griffin and Mahon 1997; Borgers et al. 2013).”
• Corporate Sustainability and Stock Returns: Evidence from Employee Satisfaction (2020, unknown): “Borgers et al. (2013) find that firms with better sustainability performance initially exhibit higher risk-adjusted returns but document that this result has reversed in more recent years.”
• ESG factors and risk-adjusted performance: a new quantitative model (2016, background): “Recent studies on the financial performance of sustainable investments (Deutsche Bank 2012; Eccles, Ioannou, and Serafeim 2012; Borgers et al. 2013; Allianz Global Investors 2015; Cambridge Associates and the Global Impact Investing Network 2015; Mercer and LGT Capital Partners 2015; Morgan Stanley…”
• Do Social Factors Influence Investment Behavior and Performance? Evidence from Mutual Fund Holdings (2015, background): “…several studies suggest that firms with strong environmental and social scores have historically been associated with positive abnormal stock returns (e.g., Edmans, 2011; Borgers et al., 2013; Eccles et al., 2014), but less so in recent years (Borgers et al, 2013; Bebchuk et al, 2012).”