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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.
Bridges of Battle: Famous Battlefield Actions at Bridges & River Crossings
Women of Strength: Biographies of 106 Who Have Excelled in Traditionally Male Fields, A.D. 61 to the Present
Anti-Depressant Survival Program: How to Beat the Side Effects & Enhance the Benefits of Your Medication
Illustrated Jewish Bible for Children
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