Exploring the Valuation of Corporate Social Responsibility—A Comparison of Research Methods
This paper argues the case that tests of how investors value corporate social performance (CSP) based upon realised stock market returns are liable to be weak tests if markets are efficient and firms change CSP policies infrequently. We provide a theoretical explanation of why this will be the case...
| Authors: | ; |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2013
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| In: |
Journal of business ethics
Year: 2013, Volume: 116, Issue: 1, Pages: 1-20 |
| Further subjects: | B
Corporate Social Performance
B Valuation methods |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |