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 …

The end of ESG

A Edmans - Financial Management, 2023 - Wiley Online Library
ESG is both extremely important and nothing special. It's extremely important because it's
critical to long‐term value, and so any academic or practitioner should take it seriously, not …

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 …

[HTML][HTML] Corporate culture: Evidence from the field

JR Graham, J Grennan, CR Harvey… - Journal of financial …, 2022 - Elsevier
Ninety-two percent of the 1348 North American executives we survey believe that improving
corporate culture would increase firm value. A striking 84% believe their company needs to …

Corporate law and social risk

S Gadinis, A Miazad - Vand. L. Rev., 2020 - HeinOnline
Socially responsible investing has taken the corporate world by storm. Funds invested
according to a company's environmental, social, and governance (" ESG") performance …

Does sustainability activities performance matter during financial crises? Investigating the case of COVID-19

S Yoo, AR Keeley, S Managi - Energy Policy, 2021 - Elsevier
As a market for sustainability investing is growing rapidly, understanding the impact of
environmental, social, and governance (ESG) activities on firms' financial performance is …

Understanding corporate social responsibility with cross‐cultural differences: A deeper look at religiosity

Q Farooq, Y Hao, X Liu - Corporate Social Responsibility and …, 2019 - Wiley Online Library
Contemporary economic and business settings have brought people of different cultures at
the common workplace. This directs business researchers to study cross‐cultural …

[HTML][HTML] Mandatory CSR expenditure and stock market liquidity

PP Roy, S Rao, M Zhu - Journal of Corporate Finance, 2022 - Elsevier
We investigate the nexus between corporate social responsibility (CSR) and firms' stock
market liquidity. Using actual firm-level CSR expenditure data and a quasi-natural …

[HTML][HTML] Lean against the wind: The effect of policy uncertainty on a firm's corporate social responsibility strategy

D Peng, G Colak, J Shen - Journal of Corporate Finance, 2023 - Elsevier
We examine the effect of policy uncertainty on firms' strategy of corporate social
responsibility (CSR). During uncertain times, firms strategically increase their commitment to …

[PDF][PDF] Coordinated engagements

E Dimson, O Karakaş, X Li - European Corporate Governance Institute …, 2021 - aeaweb.org
We study coordinated engagements by a prominent international network of long-term
shareholders cooperating to influence firms on environmental and social issues. A two-tier …