Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Corporate Social Responsibility and Shareholder’s Value: An Event Study Analysis
Leonardo Becchetti (au); Rocco Ciciretti (au); Iftekhar Hasan (au)
Corporate social respon. (CSR) is increasingly a core component of corp. strategy in the global economy. While corp. are busy adopting & enhancing CSR practices, there is no established empirical research on CSR’s impact & relevance in the capital market. This paper investigates this issue by tracing the market reaction to corp. entry & exit from the Domini 400 Social Index, recognized as a CSR benchmark, between 1990 & 2004. There are 2 main findings: a significant upward trend in absolute value abnormal returns, irrespective of the type of event, & a significant negative effect on abnormal returns after exit announce. from the Domini index. The latter effect persists even after controlling for concurring financial distress shocks & stock market seasonality.
Politics of Despair: Power & Resistance in the Tobacco Wars
Wordsworth Dictionary of the American West
U.F.O.s: The Sighting of Alien People & Spacecraft From the Earliest Centuries to the Present Day
Japanese Experience: A Short History of Japan
Solutions: The Woman’s Crisis Handbook
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.