Corporate social responsibility and stock market performance

By Leonardo Becchetti, R. Ciciretti. 2006

491 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/ac93d08c48b0d3e42719e5c93bb5f0d28bb646b0

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Citations in the corpus

Financial Impacts of Socially Responsible Activities on Airline Companies (2010, background): “Alexander and Buchholz (1978), for example, replicated Vance’s (1975) study but with an enhanced measurement of stock price increase by adjusting for risk.”
The Effects of Corporate and Country Sustainability Characteristics on The Cost of Debt: An International Investigation (2014, unknown): “A second line of reasoning commonly used to support a positive association between CSR and firm performance is often referred to as “the good management hypothesis” (Alexander and Buchholz, 1978; Waddock and Graves, 1997).”
Corporate social responsibility in the banking industry: Motives and financial performance (2013, background): “3 Becchetti and Ciciretti (2009) investigate 372 firms included in the KLD’s Domini 400 Social Index during 1990–2003 and find that individual Socially Responsible stocks have on average significantly lower returns and unconditional variance than non-Socially Responsible stocks.”
Building corporate social responsibility into strategy (2009, background): “Reflecting this logic, Alexander and Buchholz (1982) argue that demonstrating high levels of responsibility towards stakeholders is an indicator of Building CSR into strategy 119 superior management skill, which leads to lower explicit costs.”
Modeling volatility and conditional correlations between socially responsible investments, gold and oil (2014, background): “Becchetti and Ciciretti (2009) compare the performance of a large sample of socially responsible stocks (SR) with a control sample (CS).”
Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (2019, unknown): “cl =  p 1 G1 l R μ 0 p G G1 i di W2, (9)”
Stock Returns in Relation to Environmental, Social and Governance Performance: Mispricing or Compensation for Risk? (2011, methodology): “As KLD data has been used extensively in the ESG literature, the complete list of indicators can be found in Appendix B (for a thorough description of the data see Becchetti and Ciciretti, 2006; Derwall and Verwijmeren, 2007).”
A New Look at the Corporate Social–Financial Performance Relationship (2013, background): “…unresolved theoretical debates about whether there is a clear link between these two and, if so, what the direction of the relationship is (e.g., Alexander & Buchholz, 1978; Friedman, 1970; Waddock & Graves, 1997), and despite controversy regarding the validity of some empirical findings…”
Corporate environmental disclosure, corporate governance and earnings management (2010, background): “Bowman and Haire (1975) and Alexander and Buchholz (1978) argue that firms acting in a socially responsible way may give a positive impression to diverse groups of stakeholders.”
Looking for evidence of the relationship between corporate social responsibility and corporate financial performance in an emerging market (2011, result): “Some prior studies (Murray et al., 2006; Abbort and Monsen, 1979; Alexander and Buchholz, 1978) used forms of investors’ returns as proxies for CFP.”
The Link Between Job Satisfaction and Firm Value, With Implications for Corporate Social Responsibility (2012, unknown): “When controlling for risk, Alexander and Buchholz (1978) also found no relationship.”