Changes in corporate social responsibility and stock performance
We study the relationship between corporate social performance and financial performance by comparing the portfolio returns of firms with changes in corporate social responsibility (CSR) intensity. Using an extensive US sample from the MSCI ESG database, we find that improvement in the overall CSR i...
| 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
2022
|
| In: |
Journal of business ethics
Year: 2022, Volume: 178, Issue: 3, Pages: 735-755 |
| Further subjects: | B
M14
B Social Capital B G11 B G10 B Aufsatz in Zeitschrift B Corporate social performance (CSP) B Corporate social responsibility (CSR) B Financial Performance |
| Online Access: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a2200000 4500 | ||
|---|---|---|---|
| 001 | 180736805X | ||
| 003 | DE-627 | ||
| 005 | 20230331054334.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220621s2022 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-021-04772-w |2 doi | |
| 035 | |a (DE-627)180736805X | ||
| 035 | |a (DE-599)KXP180736805X | ||
| 035 | |a (DE-He213)s10551-021-04772-w-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Tsai, Hui-Ju |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Changes in corporate social responsibility and stock performance |c Hui-Ju Tsai, Yangru Wu |
| 264 | 1 | |c 2022 | |
| 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 study the relationship between corporate social performance and financial performance by comparing the portfolio returns of firms with changes in corporate social responsibility (CSR) intensity. Using an extensive US sample from the MSCI ESG database, we find that improvement in the overall CSR is generally value enhancing. The relationship varies with CSR dimensions. More importantly, the relationship shifts differently for various CSR dimensions during the crisis period when trust in the society is low and financial resource is limited. Improvement in environment, human rights, and product characteristics shows higher financial returns during the financial crisis period, whereas the value enhancement of improvement in employee relations is more pronounced during the non-crisis period. | ||
| 601 | |a Performance | ||
| 650 | 4 | |a Corporate social performance (CSP) | |
| 650 | 4 | |a Corporate social responsibility (CSR) | |
| 650 | 4 | |a Financial Performance | |
| 650 | 4 | |a G10 | |
| 650 | 4 | |a G11 | |
| 650 | 4 | |a M14 | |
| 650 | 4 | |a Social Capital | |
| 655 | 4 | |0 (DE-206)49 |a Aufsatz in Zeitschrift |5 DE-206 | |
| 700 | 1 | |e VerfasserIn |0 (DE-588)170997839 |0 (DE-627)061154032 |0 (DE-576)131828525 |4 aut |a Wu, Yangru | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht [u.a.] : Springer Science + Business Media B.V, 1982 |g 178(2022), 3 vom: Juli, Seite 735-755 |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:178 |g year:2022 |g number:3 |g month:07 |g pages:735-755 |
| 856 | 4 | 0 | |u https://link.springer.com/content/pdf/10.1007/s10551-021-04772-w.pdf |x Verlag |z lizenzpflichtig |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-021-04772-w |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 936 | u | w | |d 178 |j 2022 |e 3 |c 7 |h 735-755 |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4153343749 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 180736805X | ||
| LOK | |0 005 20220621142300 | ||
| LOK | |0 008 220621||||||||||||||||ger||||||| | ||
| 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 | |0 935 |a ixzs |a ixzo | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||