Do Announcements About Corporate Social Responsibility Create or Destroy Shareholder Wealth? Evidence from the UK

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Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature (2014, methodology): “Using data from the U.K., Clacher & Hagendorff (2012) did not ﬁnd a consistently positive market reaction when a ﬁrm is included in a social index (FTSE4Good Index).”
The Impact of Board Gender Diversity and Foreign Institutional Investors on the Corporate Social Responsibility (CSR) Engagement of Chinese Listed Companies (2019, background): “Firstly, most studies were conducted in Western counties in a Western context [17–21], so we can clearly say that those living in different countries, which have different cultures, have a different view of CSR issues, expectations, and perspectives.”
The impact of mandated corporate social responsibility: Evidence from India’s Companies Act of 2013 (2016, unknown): “…activity.3 A large prior literature has examined the consequences of CSR spending on share prices, operating performance, ownership structure, and other outcomes.4 However, in most studies the variation in CSR expenditures is endogenously determined by the firm (e.g. Clacher and Hagendorff, 2012).”