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 …

Which institutional investors drive corporate sustainability? A systematic literature review

P Velte - Business Strategy and the Environment, 2023 - Wiley Online Library
In this article, we review recent archival research (66 studies) on the influence of institutional
ownership (IO) heterogeneity on corporate sustainability. Relying on an agency‐theoretical …

ESG disclosure and financial performance: Moderating role of ESG investors

Z Chen, G Xie - International Review of Financial Analysis, 2022 - Elsevier
This study discusses the effect of environmental, social, and governance (ESG) disclosure
on corporate financial performance. This study uses a sample of non-financial listed …

Does CSR matter in times of crisis? Evidence from the COVID-19 pandemic

KH Bae, S El Ghoul, ZJ Gong, O Guedhami - Journal of Corporate Finance, 2021 - Elsevier
The debate over how firm stakeholder engagement is tied to preserving shareholder wealth
has received growing attention in recent years, especially in the wake of the COVID-19 …

Carbon emissions and default risk: International evidence from firm-level data

MN Kabir, S Rahman, MA Rahman, M Anwar - Economic Modelling, 2021 - Elsevier
In this study, we investigate the effect of carbon emissions on firms' default risk. While
existing literature exhibits the implications of emissions for firm performance and value, little …

Institutional ownership heterogeneity and ESG performance: Evidence from China

Y Wang, Y Lin, X Fu, S Chen - Finance Research Letters, 2023 - Elsevier
This paper examines whether institutional investors affect the environment, social, and
governance (ESG) performance of Chinese-listed companies. We show that institutional …

[HTML][HTML] Do all institutional investors care about corporate carbon emissions?

M Safiullah, MS Alam, MS Islam - Energy Economics, 2022 - Elsevier
This paper investigates whether institutional investors promote the abatement of corporate
carbon emissions. Using firm-level data on the U. S from 2007 to 2017, we find that …

Trust and corporate social responsibility: Evidence from CEO's early experience

D Kong, Y Piao, W Zhang, C Liu, Y Zhao - Economic Analysis and Policy, 2023 - Elsevier
While previous literature has paid much attention on the effects of trust as an informal
institution on economic growth and corporate behavior, it is unclear whether and how the …

Common institutional ownership and corporate social responsibility

X Cheng, HH Wang, X Wang - Journal of Banking & Finance, 2022 - Elsevier
We examine relationship between common institutional ownership and corporate social
responsibility (CSR). We find that common institutional ownership is negatively associated …

Online search attention, firms' ESG and operating performance

X Zhao, L Fang, K Zhang - International Review of Economics & Finance, 2023 - Elsevier
The online search volume reflects public attention related to people's concerns.
Environmental, Social and Governance issues (ESG) has been well documented to be a …