Corporate Social Performance and Stock Returns: UK Evidence from Disaggregate Measures

  title={Corporate Social Performance and Stock Returns: UK Evidence from Disaggregate Measures},
  author={Stephen Brammer and Chris Brooks and Stephen. Pavelin},
  journal={Environmental Economics},
This study examines the relation between corporate social performance and stock returns in the UK. We closely evaluate the interactions between social and financial performance with a set of disaggregated social performance indicators for environment, employment, and community activities instead of using an aggregate measure. While scores on a composite social performance indicator are negatively related to stock returns, we find the poor financial reward offered by such firms is attributable… 

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