The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis

@article{Oikonomou2010TheIO,
  title={The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis},
  author={Ioannis Oikonomou and Chris Brooks and Stephen. Pavelin},
  journal={ERN: Other Organizations \& Markets: Formal \& Informal Structures (Topic)},
  year={2010}
}
This study focuses on the wealth-protective effects of socially responsible firm behavior by examining the association between corporate social performance (CSP) and financial risk for an extensive panel data sample of S&P 500 companies between the years 1992 and 2009. In addition, the link between CSP and investor utility is investigated. The main findings are that corporate social responsibility is negatively but weakly related to systematic firm risk and that corporate social… 

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References

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