Corporate Social Performance and Stock Returns: UK Evidence from Disaggregate Measures

By Stephen Brammer, Chris Brooks, Stephen. Pavelin. 2006

1,050 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d3c0a4c577d2b81f3a2d40c34605f636d2207df2

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Citations in the corpus

Revisiting the Vexing Question: Does Superior Corporate Social Performance Lead to Improved Financial Performance? (2009, background): “Many others, including Bragdon and Marlin (1972) , Vance (1975) and Brammer, Brooks and Pavelin (2006), support this view.”
Looking for evidence of the relationship between corporate social responsibility and corporate financial performance in an emerging market (2011, background): “Hence, both directions of relationships are found in the extant literature (Mahoney and Roberts, 2007; Brammer et al., 2006; Murray et al., 2006; Tsoutsoura, 2004; Simpson and Kohers, 2002; McGuire et al., 1988; Cochran and Wood, 1984).”
Extrinsic and intrinsic drivers of corporate social performance: Evidence from foreign and domestic firms in Mexico (2010, neutral): “Some sources in existing research included Brammer and Millington, 2004; Brammer et al., 2006; Chapple and Moon, 2005; Luken and Stares, 2005; and Vives, 2006.”
Corporate Social Responsibility and CEO Risk-Taking Incentives (2016, neutral): “1 Some studies empirically find a positive CSR-CFP relation (Hillman and Keim, 2001) with other finding a negative relation (e.g. Brammer, Brooks, and Pavelin, 2006).”
The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure (2020, background): “On the other hand, it is not enough to only consider information disclosure, and it is also necessary to recognize that the dimensions of social responsibility are different [14], because even high levels of social responsibility may result in either enhanced or suppressed corporate reputation due t”
A tale of values-driven and profit-seeking social investors (2011, background): “S. Markets V/d Velde et al. (2005) E.M.U., 2000-2003 NS NS NS NS NS Brammer et al. (2006) U.K., 2002-2005 NS NS NS Note: “P” indicates the study suggests a positive relation between the corporate social responsibility measure and abnormal stock return, “N” indicates a negative relation, and “NS”…”
Corporate Environmental Responsibility and Firm Performance in the Financial Services Sector (2014, background): “Brammer et al. (2006) investigate the relation between CSR and CFP for a sample of U.K. companies and find that firms with higher CSR ratings tend to experience diminishing financial returns.”
The Effects of Corporate Social Performance on the Cost of Corporate Debt and Credit Ratings (2014, neutral): “…bulk of the related literature (Barnett, 2007); we will exclusively employ the term CSP in this study. between CSP and CFP either at the firm level (Brammer, Brooks, and Pavelin, 2006; Edmans, 2011) or at the portfolio level of analysis (Bauer, Koedijk, and Otten, 2005; Galema, Plantinga, and…”
Do Lenders Value Corporate Social Responsibility? Evidence from China (2011, background): “Boyle et al. (1997), Brammer et al. (2006) , and Wright and Ferris (1997) even suggest a negative link between CSP and CFP.”
Corporate social responsibility in the banking industry: Motives and financial performance (2013, background): “Brammer et al. (2006) examine the relation between corporate social performance and stock returns of all firms in the UK that were constituents of the EIRIS and FTSE All-Share Index as of July 2002, and find that composite social performance indicator are negatively related to stock returns,…”
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON INVESTMENT RECOMMENDATIONS. (2010, neutral): “5 We draw extensively from three thorough and excellent literature reviews in the following papers: Brammer and Millington (2008), Barnett and Salomon (2006) and Zollo and Coda (2009).”