Do Corporate Global Environmental Standards Create or Destroy Market Value

By Glen Dowell, S. Hart, Bernard Yeung. 2000

1,374 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9b40cb74bc818d4e519e2fa495c103e959e5e07e

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Citations in the corpus

The Supply of Corporate Social Responsibility Disclosures Among U.S. Firms (2009, neutral): “…suggests that deploying CSR policies does not harm the market prospects of the publicly-traded firm, and in some instances has been shown to improve those prospects (Al-Tuwaijri et al. 2004; Dowell et al. 2000; Hamilton et al. 1993; Orlitzky et al. 2003; and Waddock and Graves 1997a, 1997b).”
Corporate Environmental Responsibility and the Cost of Capital: International Evidence (2016, methodology): “, Hail and Leuz, 2006; El Ghoul et al., 2011) and employ four models to infer the ex ante cost of capital implied by analysts’ earnings forecasts and stock prices obtained from I/B/E/S. 8 Specifically, we use the residual income valuation models of Gebhardt et al. (2001) and Claus and Thomas (2001),”
Dynamics of Environmental and Financial Performance (2015, positive): “Our analysis includes several financial variables to control for sources of firm-level heterogeneity, in line with previous studies of financial and environmental performance (Dowell et al., 2000; Elsayed & Paton, 2005; King & Lenox, 2002).”
Ethical requirement and financial interest: a literature review on socially responsible investing (2015, background): “Some studies show that higher environmental standards are associated with higher market value, measured by Tobin’s Q [for example, Dowell et al. (2000) as well as Konar and Cohen (2001)].”
Is Doing Good Good for You? How Corporate Charitable Contributions Enhance Revenue Growth (2009, neutral): “Dowell, Hart, and Yeung (2000), for example, use Granger causality tests (perhaps for the first time in CSR research), to examine the relation between a firm’s environmental standards and Tobin’s q.”
Corporate Governance and Firm Value: International Evidence (2011, neutral): “Consistently, Dowell et al. (2000) find that U.S.-based multinational enterprises adopting a single, stringent global environmental standard have much higher market values than firms defaulting to less stringent, or poorly enforced host country standards.”
Stakeholder relations and stock returns: On errors in investors' expectations and learning (2013, background): “These basic statistics support the popular belief that firms with better stakeholder relations tend to have higher Tobin’s q values (e.g., Dowell, Hart, and Yeung 2000, Konar and Cohen 2001, Jiao 2010), larger accounting profits (e.g., Russo and Fouts 1997, King and Lenox 2002, Jiao 2010), higher…”
The Relationship Between Corporate Social Performance and Corporate Financial Performance in the Banking Sector (2011, background): “... (1983), Shane and Spicer (1983), Stevens (1984), Jarrell and Peltzman (1985), Newgren et al. (1985), Marcus and Goodman (1986), Pruitt and Peterson (1986), Wokutch and Spencer (1987), Hoffer et al. (1988), Bromiley and Marcus (1989), Morris et al. (1990), Davidson and Worrell (1992), Porter and ”
Corporate Social Responsibility: An Economic and Financial Framework (2005, neutral): “33 Dowell et al. (2000).”