Changes in the Covalence Ethical Quote, Financial Performance and Financial Reporting Quality
We examine the equity valuation effect of press releases of upgrades or downgrades reflected in the Covalence Ethical Quote (CEQ), an index ranking the ethical performance of multinational firms. The index is updated quarterly and is comprehensive enough to include 45 criteria reflecting working con...
| Authors: | ; ; ; ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2016
|
| In: |
Journal of business ethics
Year: 2016, Volume: 134, Issue: 3, Pages: 369-395 |
| Further subjects: | B
M14
B Corporate social responsibility B FRQ B Ethical Performance B FP |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1785657097 | ||
| 003 | DE-627 | ||
| 005 | 20230331053543.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2016 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-014-2437-8 |2 doi | |
| 035 | |a (DE-627)1785657097 | ||
| 035 | |a (DE-599)KXP1785657097 | ||
| 035 | |a (DE-He213)s10551-014-2437-8-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Elayan, Fayez A. |e VerfasserIn |4 aut | |
| 109 | |a Elayan, Fayez A. |a Elayan, Fayez | ||
| 245 | 1 | 0 | |a Changes in the Covalence Ethical Quote, Financial Performance and Financial Reporting Quality |
| 264 | 1 | |c 2016 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a We examine the equity valuation effect of press releases of upgrades or downgrades reflected in the Covalence Ethical Quote (CEQ), an index ranking the ethical performance of multinational firms. The index is updated quarterly and is comprehensive enough to include 45 criteria reflecting working conditions, impact of product, impact of production, and company institutional impact. Thus, it captures many dimensions of firms’ ethical performance that are not accounted for in previous research. Our research encompasses a joint test of the value relevance of the index itself and the impact of ethical reputation on a firm’s value. We find first a significant causal relationship between stock market reactions and changes in the CEQ. Specifically, disclosures of positive (negative) changes in firm ethical performance cause increases (decreases) in firm value. Second, cross-sectional analysis indicates a positive association between changes in firm ethical performance and both its financial performance and its financial reporting quality. Collectively, these results suggest that the CEQ conveys information that is useful to investors. Further, corporate measures taken to increase ethical performance are associated with positive benefits to shareholders. Finally, investors have concluded that good news about their firms’ efforts to be ethical is worth the cost. | ||
| 601 | |a Performance | ||
| 650 | 4 | |a M14 | |
| 650 | 4 | |a FP | |
| 650 | 4 | |a Corporate Social Responsibility | |
| 650 | 4 | |a FRQ | |
| 650 | 4 | |a Ethical Performance | |
| 700 | 1 | |a Li, Jingyu |e VerfasserIn |4 aut | |
| 700 | 1 | |a Liu, Zhefeng Frank |e VerfasserIn |4 aut | |
| 700 | 1 | |a Meyer, Thomas O. |e VerfasserIn |4 aut | |
| 700 | 1 | |a Felton, Sandra |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht [u.a.] : Springer Science + Business Media B.V, 1982 |g 134(2016), 3, Seite 369-395 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:134 |g year:2016 |g number:3 |g pages:369-395 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/24703778 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-014-2437-8 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 936 | u | w | |d 134 |j 2016 |e 3 |h 369-395 |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033715991 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785657097 | ||
| LOK | |0 005 20220112043839 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#7BE3AC81214B1A23EF515E2A514B23CF45D7D819 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/24703778 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
| STA | 0 | 0 | |a Corporate social responsibility |
| STB | 0 | 0 | |a Responsabilité sociale de l'entreprise |
| STC | 0 | 0 | |a Responsabilidad social de la empresa |
| STD | 0 | 0 | |a Corporate social responsibility,Responsabilità sociale d'impresa,Responsabilità sociale d'impresa |
| STF | 0 | 0 | |a 企業社會責任 |
| STG | 0 | 0 | |a Responsabilidade social da empresa |
| STH | 0 | 0 | |a Корпоративная социальная ответственность |
| STI | 0 | 0 | |a Εταιρική κοινωνική ευθύνη,Corporate social responsibility |
| SYE | 0 | 0 | |a Corporate social responsibility,Corporate citizenship,Corporate environment responsibility,Corporate environmental responsibility,Corporate responsibility,Corporate sustainability management,Corporate volunteering,CSR (Corporate social responsibility),Environmental social governance,ESG,Gesellschaftliche Unternehmensverantwortung,Gesellschaftliche Verantwortung von Unternehmen,Gesellschaftliches Engagement von Unternehmen,Nachhaltigkeitsmanagement,Soziale Verantwortung von Unternehmen,Soziales Engagement von Unternehmen,Unternehmensverantwortung,Unternehmerische Sozialverantwortung,CSR,Corporate Citizenship,Unternehmerische Gesellschaftsverantwortung,Unternehmerische Sozialverantwortung,Unternehmen |