Using a unique data set, I study how stock markets react to positive and negative events
concerned with a firm׳ s corporate social responsibility (CSR). I show that investors respond …

Based on Whitley's “national business systems”(NBS) institutional framework, we theorize
about and empirically investigate the impact of nation-level institutions on firms' corporate …

Whether or not banks should engage in corporate social responsibility (CSR) activities is
controversial because of the concomitant high cost even if banks could enjoy the benefits of …

While many rating systems seek to help buyers overcome information asymmetries when
making purchasing decisions, we investigate how these ratings also influence the …

There is evidence for mixed effects of corporate social responsibility (CSR) on corporate
financial performance. In particular, evidence is reported to be positive, negative, and …

Previous studies on the relationship between corporate social responsibility (CSR) and firm
value generally belong to one of the two opposing schools of thought: the social impact …

Firms operate in a capital market, a product market, and a market for social pressure
directed at them by social activists, NGOs, and governments. An equilibrium in these three …

This paper empirically analyzes the effect of the inclusion of German corporations in the
Dow Jones STOXX Sustainability Index (DJSI STOXX) and the Dow Jones Sustainability …

The objective of this paper is to reflect on the consequences of the current economic and
financial crisis on Corporate Social Responsibility (CSR), a concept of great importance …

Stakeholder theory is a major approach to research on sustainability management. Firm
characteristics, including corporate governance and business characteristics, can be …