The Impact of Better Corporate Social Responsibility Disclosure on the Cost of Equity Capital

By Carmelo Reverte. 2012

284 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a0c73f8abfd749def16b82c25c3865da94609b27

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Citations in the corpus

Organizing Corporate Social Responsibility in Small and Large Firms: Size Matters (2011, unknown): “Consistent with empirical results showing that voluntary CSR reporting decreases the cost of equity capital for listed firms (Dhaliwal et al. 2011; Reverte 2012), MNCs seem to be more inclined to focus on image building projects and dedicate large parts of their CSR budgets to external…”
Are CSR disclosures relevant for investors? Empirical evidence from Germany (2016, unknown): “…(Arendt and Brettel, 2010), increase firm value (Reverte, 2016), reduce financial risk (Mishra and Modi, 2013), enhance access to finance (Cheng et al. , 2014), lower the cost of equity (Dhaliwal et al. , 2014; Reverte, 2012) and improve analyst forecast accuracy (Dhaliwal et al. , 2012).”
Corporate social responsibility, the cost of equity capital and ownership structure: An analysis of Chinese listed firms (2015, background): “…our evidence on the cost of capital effects of CSR may be driven by omitted variables that are correlated with both CSR and the cost of equity capital, such as firm-level corporate governance, institutional investors, executive pay, etc. (Chen et al., 2009; Dhaliwal et al., 2011; Reverte, 2012).”
Do environmental, social and governance performance affect the financial performance of banks? A cross-country study of emerging market banks (2019, background): “…company performance (Arena, Liong, & Vourvachis, 2018; Brooks & Oikonomou, 2018; Samuel, 2017), CSR and cost of capital (Michaels & Grüning, 2017; Reverte, 2012), CSR and cost of debt (Sveva & Federica, 2017; Ye & Zhang, 2011) and CSR and risk in the company level (Benlemlih & Girerd‐Potin,…”
The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms (2017, background): “effects of social performance or CSR have been analysed mainly on share price (Murray, Sinclair, Power, & Gray, 2006) and on the cost of equity capital (Girerd-Potin et al., 2014; Reverte, 2012; Wu, Lin, & Wu, 2014)(2).”
Corporate social responsibility disclosure and market valuation: evidence from Spanish listed firms (2014, background): “Reinforcing this argument, Reverte (2012) documents, for the case of Spanish firms, that the beneficial effect of CSR disclosure on the reduction of the cost of equity capital -one of the main determinants of a firm’s share price- is more pronounced for those firms operating in…”