Does winning a CSR Award increase firm value?
نویسندگان
چکیده
Abstract This study explores the effect of winning a corporate social responsibility (CSR) Award on firm value. Drawing stakeholder value maximization view theory, we analyze sample 14,039 US firm-years between 2002 and 2018 find that CSR is enhancing. We further offer evidence demonstrates how dimensions environmental, governance criteria influence Award–firm nexus. Our results are supported by series robustness tests. As Awards typically awarded to firms excel in CSR, our findings expected encourage managers pursue more rigorously so as attain high
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ژورنال
عنوان ژورنال: International Journal of Disclosure and Governance
سال: 2022
ISSN: ['1741-3591', '1746-6539']
DOI: https://doi.org/10.1057/s41310-022-00142-8