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 …

The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China

DC Broadstock, K Chan, LTW Cheng, X Wang - Finance research letters, 2021 - Elsevier
We examine the role of ESG performance during market-wide financial crisis, triggered in
response to the COVID-19 global pandemic. The unique circumstances create an inimitable …

Resiliency of environmental and social stocks: An analysis of the exogenous COVID-19 market crash

R Albuquerque, Y Koskinen, S Yang… - The Review of …, 2020 - academic.oup.com
The COVID-19 pandemic and the subsequent lockdown brought about an exogenous and
unparalleled stock market crash. The crisis thus provides a unique opportunity to test …

ESG performance and firm value: The moderating role of disclosure

A Fatemi, M Glaum, S Kaiser - Global finance journal, 2018 - Elsevier
This study investigates the effect of environmental, social, and governance (ESG) activities
and their disclosure on firm value. We find that ESG strengths increase firm value and that …

The relationship between environmental, social, and financial performance in the banking sector: A European study

OM Bătae, VD Dragomir, L Feleagă - Journal of cleaner production, 2021 - Elsevier
There is a growing interest in assessing environmental performance, social responsibility,
and corporate governance (ESG) in the banking sector. Also, significant relationships are …

ESG did not immunize stocks during the COVID‐19 crisis, but investments in intangible assets did

E Demers, J Hendrikse, P Joos… - Journal of business …, 2021 - Wiley Online Library
Environmental, social and governance (“ESG”) scores have been widely touted as indicators
of share price resilience during the COVID‐19 crisis. Contrary to this conventional wisdom …

Corporate social responsibility and firm performance in the hotel industry. The mediating role of green human resource management and environmental outcomes

M Úbeda-García, E Claver-Cortés… - Journal of Business …, 2021 - Elsevier
In this research two concepts of current relevance in the management literature are related,
such as Corporate Social Responsibility (CSR) and green human resource management …

Corporate social responsibility and firm risk: Theory and empirical evidence

R Albuquerque, Y Koskinen… - Management science, 2019 - pubsonline.informs.org
This paper presents an industry equilibrium model where firms have a choice to engage in
corporate social responsibility (CSR) activities. We model CSR as an investment to increase …

Do ESG strategies enhance bank stability during financial turmoil? Evidence from Europe

L Chiaramonte, A Dreassi, C Girardone… - The European Journal …, 2022 - Taylor & Francis
This paper investigates the joint and separate effects of Environmental (E), Social (S), and
Governance (G) scores on bank stability. Using a sample of European banks operating in 21 …