Firms and social responsibility: A review of ESG and CSR research in corporate finance

SL Gillan, A Koch, LT Starks - Journal of Corporate Finance, 2021 - Elsevier
We review the financial economics-based research on Environmental, Social, and
Governance (ESG) and Corporate Social Responsibility (CSR) with an emphasis on …

Mandatory CSR and sustainability reporting: Economic analysis and literature review

HB Christensen, L Hail, C Leuz - Review of accounting studies, 2021 - Springer
This study collates potential economic effects of mandated disclosure and reporting
standards for corporate social responsibility (CSR) and sustainability topics. We first outline …

[HTML][HTML] ESG, liquidity, and stock returns

D Luo - Journal of International Financial Markets, Institutions …, 2022 - Elsevier
We examine the effect of environment, social, and governance (ESG) score on stock returns
in the United Kingdom (UK). Consistent with Hong and Kacperczyk (2009), Bolton and …

Study on the Relationship between CSR and Financial Performance

SJ Cho, CY Chung, J Young - Sustainability, 2019 - mdpi.com
This study analyzed whether a systematic relationship exists between corporate social
responsibility (CSR) performance and corporate financial performance using 191 sample …

Where's the greenium?

DF Larcker, EM Watts - Journal of Accounting and Economics, 2020 - Elsevier
In this study, we investigate whether investors are willing to trade off wealth for societal
benefits. We take advantage of unique institutional features of the municipal securities …

Does the ESG index affect stock return? Evidence from the Eurostoxx50

M La Torre, F Mango, A Cafaro, S Leo - Sustainability, 2020 - mdpi.com
Recent findings provide evidence that companies highly rated in terms of Environmental,
Social, and Governance (ESG) score report higher excess returns and lower volatility, this …

Corporate social responsibility, firm value, and influential institutional ownership

B Buchanan, CX Cao, C Chen - Journal of Corporate Finance, 2018 - Elsevier
Abstract We examine how Corporate Social Responsibility (CSR), jointly with influential
institutional ownership (IO), affects firm value around the 2008 global financial crisis. We find …

Board gender diversity and corporate social responsibility: Is there a case for critical mass?

SR Yarram, S Adapa - Journal of cleaner production, 2021 - Elsevier
The role of business sector in addressing Sustainable Development Goals (SDGs) is
increasingly recognised around the world. The SDG 5 Gender Equality has given impetus to …

Institutional shareholders and corporate social responsibility

T Chen, H Dong, C Lin - Journal of Financial Economics, 2020 - Elsevier
This study uses two distinct quasi-natural experiments to examine the effect of institutional
shareholders on corporate social responsibility (CSR). We first find that an exogenous …

[HTML][HTML] Do institutional investors drive corporate social responsibility? International evidence

A Dyck, KV Lins, L Roth, HF Wagner - Journal of financial economics, 2019 - Elsevier
This paper assesses whether shareholders drive the environmental and social (E&S)
performance of firms worldwide. Across 41 countries, institutional ownership is positively …