Socially Responsible Firms
In the corporate finance tradition, starting with Berle and Means (1932), corporations should generally be run to maximize shareholder value. The...
Read moreIn the corporate finance tradition, starting with Berle and Means (1932), corporations should generally be run to maximize shareholder value. The...
Read moreExamining a shock to the salience of the sustainability of the US mutual fund market, we present causal evidence that investors marketwide value...
Read moreClimate change poses new challenges for portfolio management. Investors face a trade-off between minimizing climate risk exposure and maximizing the...
Read moreDo strong incentives to cut costs lead firms to neglect negative externalities? We find that costcutting incentives can be environmentally friendly....
Read moreDoes it matter if corporate leaders pursue a broader, social corporate purpose rather than a narrow, shareholder-centric one, and can legal and...
Read moreA firm's corporate social responsibility (CSR) practice and its country's legal origin are strongly correlated. This relation is valid for various CSR...
Read moreAre MNEs more socially responsible, and where is this more likely to occur? Are rms less responsible in emerging or transitional economies, and what...
Read moreThis paper examines the effect of board gender diversity on renewable energy consumption. Using a panel of 11,677 firm-year observations from the USA...
Read moreCorporate purpose is the hot topic in corporate governance. Critics are calling for corporations to shift their purpose away from shareholder value as a...
Read moreThe explosion in ESG research has led to a strong reliance on ESG rating providers. We document widespread changes to the historical ratings of a key...
Read moreThis paper examines whether and how firms combat climate change. Our study provides robust evidence that firms outsource part of their carbon emissions...
Read moreUsing micro-level data, we examine the behavior of socially responsible investment (SRI) funds. SRI funds select firms with lower pollution, more...
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