Exploring the Financial Value of a Reputation for Corporate Social Responsibility During a Crisis

By Karen E. Schnietz, M. Epstein. 2005

546 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b9bbceed921ff946f82619e1f5edb0dc043f817f

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Citations in the corpus

Firm Litigation Risk and the Insurance Value of Corporate Social Performance (2013, background): “…operating in a litigious industry, they are likely to benefit more from CSP, as the likelihood of the firm incurring severe litigation cost is higher and the insurance protection from CSP would decrease the overall severity of sanctions from stakeholders if litigation occurs (Godfrey et al., 2009).”
A Burden of Responsibility: The Role of Social Approval at the Onset of a Crisis (2014, background): “On the one hand, scholars have argued and found that evaluators give higher-approval organizations the benefit of the doubt when disconfirming information arises (cf. Burgoon, 1993; Coombs & Holladay, 2006; Hollander, 1958; Pfarrer et al., 2010; Schnietz & Epstein, 2005).”
The relationship between corporate social performance and corporate financial performance and the role of innovation: evidence from German listed firms (2013, background): “1993; Brown 1998; Ruf et al. 2001; Schnietz and Epstein 2005; Barnett and Salomon 2006; Godfrey et al. 2009).”
Effects of Corporate Social Responsibility on Corporate Financial Performance: A Competitive-Action Perspective (2018, background): “Moreover, PCSR can provide insurance value to a firm in the sense that positive moral capital gained from PCSR can mitigate the risk of shareholder value loss when a firm encounters negative events (Fombrun et al., 2000; Godfrey, 2005; Koh et al., 2014; Schnietz & Epstein, 2005).”
A Tale of Two Assets: The Effects of Firm Reputation and Celebrity on Earnings Surprises and Investors' Reactions (2010, background): “…positive buffering effects that reduce the consequences of a negative event (e.g., Godfrey, Merrill, & Hansen, 2009; Jones, Jones, & Little, 2000; Schnietz & Epstein, 2005), others have shown that intangible assets can be a “double-edged sword” exacerbating the consequences of the negative event…”
A decade's debate on the nexus between corporate social and corporate financial performance: a critical review of empirical studies 2002–2011 (2014, background): “Not significant nil Negative nil Social audits, CSP processes, and observable outcomes -> Accounting-based CFP Positive Goll and Rasheed, 2004; Brammer and Millington, 2005; Peinado-Vara, 2006; Wen and Yuan, 2008; Moneva and Ortas, 2010 1596 0.961 0.018 Positive Not significant Goll and Rasheed, 200”