How Does the Stock Market Value Corporate Social Performance? When Behavioral Theories Interact with Stakeholder Theory
This study examines how the reference-point effect and sunk-cost fallacy interact with stakeholder theory and influence how investors evaluate corporate social performance. We propose that ex-ante (pre-IPO) corporate social performance influences ex-post (post-IPO) perceived riskiness and that this...
| Authors: | ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2014
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| In: |
Journal of business ethics
Year: 2014, Volume: 125, Issue: 3, Pages: 433-465 |
| Further subjects: | B
Initial public offering
B CEO duality B Stock returns B Corporate Social Performance B New corporation |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |