Causal Effect of Analyst Following on Corporate Social Responsibility

@article{Adhikari2016CausalEO,
  title={Causal Effect of Analyst Following on Corporate Social Responsibility},
  author={Binay Kumar Adhikari},
  journal={CSR \& Management Practice eJournal},
  year={2016}
}
  • B. Adhikari
  • Published 19 August 2016
  • Business, Economics
  • CSR & Management Practice eJournal

How Does Analyst Coverage Affect Corporate Social Responsibility? Evidence from China

ABSTRACT Using archival data of Chinese A-share listed companies from 2009 to 2018, this article examines the influence of analyst coverage on corporate social responsibility (hereinafter refer as

Should Shareholders Fear Citizens United? External Financial Monitoring and Corporate Political Contributions

We examine the effects of external monitoring via analyst coverage on corporate political contributions. To establish causality, we utilize a difference-in-difference model based on two exogenous

On the Relation between Credit market disruption and Corporate Social Responsibility

We exploit the staggered nature of interstate banking and branching deregulation of the U.S. to examine the causal impact of bank competition on corporate socially responsible (CSR) activities. We

Corporate Responsibility Disclosure, Information Environment and Analysts’ Recommendations: Evidence from Malaysia

The purpose of this study was to extend our understanding of how corporate social responsibility (CSR) disclosures impact capital market participants, specifically sell-side analysts. The sample of

Do Markets Punish or Reward Corporate Social Responsibility Decoupling?

This article analyzes the relationship between corporate social responsibility (CSR) decoupling and financial market outcomes. CSR decoupling refers to the gap between CSR disclosure and CSR

Credit Supply and Corporate Social Responsibility

We exploit the staggered interstate banking and branching deregulation in the U.S. to examine the causal impact of bank competition on corporate socially responsible (CSR) activities. We find strong

Impact of positive and negative corporate social responsibility on corporate financial performance and idiosyncratic risk

Despite growing interest for corporate social responsibility (CSR) in the literature, the relationship between CSR activities and idiosyncratic risk of firms, one of the critical components in

The effect of institutional investors’ distraction on firms’ corporate social responsibility engagement: evidence from China

To investigate the impact of institutional investors on firms’ corporate social responsibility (CSR) engagement while controlling for possible endogeneity concerns, we study how Chinese listed firms

Too Much of a Good Thing? Corporate Social Responsibility and the Takeover Market

We examine the relation between corporate social responsibility (CSR) and firm value using the takeover market as an experimental setting. Firms with extreme CSR policies experience a greater
...

References

SHOWING 1-10 OF 54 REFERENCES

Analyst Coverage and Earnings Management

THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON INVESTMENT RECOMMENDATIONS.

Using a large sample of publicly traded US firms over 16 years, we investigate the impact of corporate socially responsible (CSR) strategies on security analysts’ recommendations. Socially

Do Analysts Matter for Governance? Evidence from Natural Experiments

Building on two sources of exogenous shocks to analyst coverage (broker closures and mergers), we explore the causal effects of analyst coverage on mitigating managerial expropriation of outside

Corporate Governance, Analyst Following, and Firm Behavior

Since Jensen and Meckling (1976), the finance literature has studied the role of institutions, boards, the takeover market and CEO compensation for mitigating agency costs. This paper examines the

Analyst Coverage, Corporate Social Responsibility, and Firm Risk

This article examines the empirical association between analyst coverage and corporate social responsibility (CSR) by investigating their simultaneous and causal effects, and its joint effects of CSR

The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage

We study the causal effects of analyst coverage on corporate investment and financing policies. We hypothesize that a decrease in analyst coverage increases information asymmetry and thus increases

The Dark Side of Analyst Coverage: The Case of Innovation

We examine the effects of financial analysts on the real economy in the case of innovation. Our baseline results show that firms covered by a larger number of analysts generate fewer patents and

The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts’ Perceptions and Shifting Institutional Logics

TLDR
It is confirmed that, in the early 1990s, analysts issue more pessimistic recommendations for firms with high CSR ratings, but analysts progressively assess these firms more optimistically over time.

The Impact of Security Analysts' Monitoring and Marketing Functions on the Market Value of Firms

  • Kee H. ChungH. Jo
  • Business, Economics
    Journal of Financial and Quantitative Analysis
  • 1996
Abstract In this study, we examine the impact of security analysts' monitoring and marketing functions on firms' market value. We postulate that security analysts' monitoring of corporate performance
...