The unintended effect of corporate social responsibility performance on investors' estimates of fundamental value

WB Elliott, KE Jackson, ME Peecher… - The Accounting …, 2014 - publications.aaahq.org
We provide theory and experimental evidence consistent with an unintended, causal
relation between Corporate Social Responsibility (CSR) performance and investors' …

What drives investor response to CSR performance reports?

A Guiral, D Moon, HT Tan, Y Yu - Contemporary Accounting …, 2020 - Wiley Online Library
Recent research finds that investors' assessments of a stock's fundamental value are
influenced by corporate social responsibility (CSR) performance through the affect‐as …

The role of corporate social responsibility (CSR) assurance in investors' judgments when managerial pay is explicitly tied to CSR performance

H Brown-Liburd, VL Zamora - … A Journal of Practice & Theory, 2015 - publications.aaahq.org
While corporate social responsibility (CSR) reports are intended to faithfully represent CSR
performance, voluntarily disclosed CSR information tends to be positive, and demand is …

How do investors value corporate social responsibility? Market valuation and the firm specific contexts

H Lu, WY Oh, A Kleffner, YK Chang - Journal of Business Research, 2021 - Elsevier
In this paper, we offer a new explanation regarding the specific contexts when CSR will have
a positive impact on a firm's market value. We argue that investors will value CSR positively …

Investor sentiment for corporate social performance

JP Naughton, C Wang, I Yeung - The Accounting Review, 2019 - publications.aaahq.org
We document time-varying investor sentiment for corporate social responsibility (CSR)
performance. We show that announcements of CSR activities generate positive abnormal …

Does corporate social responsibility affect the cost of equity in controversial industry sectors?

A Hmaittane, K Bouslah, B M'Zali - Review of Accounting and Finance, 2019 - emerald.com
Purpose This paper aims to examine whether corporate social responsibility influences the
cost of equity capital of firms operating in controversial industry sectors …

A latent variable analysis of corporate social responsibility and firm value

B Jitmaneeroj - Managerial Finance, 2018 - emerald.com
Purpose Corporate social responsibility (CSR) has several dimensions that are inherently
unobservable or measured with errors. Due to measurement errors of CSR proxies …

CSR performance, financial reporting, and investors' perception on financial reporting

L Timbate, CK Park - Sustainability, 2018 - mdpi.com
This study examines whether socially responsible firms behave differently from other firms in
their financial reporting. Specifically, we question whether firms that are better in their …

Corporate social responsibility and market efficiency: Evidence from ESG and misvaluation measures

Y Bofinger, KJ Heyden, B Rock - Journal of Banking & Finance, 2022 - Elsevier
We study the impact of corporate social responsibility (CSR) on firm misvaluation in the US.
Our results indicate that a firms Environmental, Social and Governance (ESG) profile …

On the relation between corporate social responsibility and financial performance

A Awaysheh, RA Heron, T Perry… - Strategic Management …, 2020 - Wiley Online Library
Abstract Research Summary This study reexamines the relation between corporate social
responsibility (CSR) and financial performance by benchmarking firms against industry …