French Corporate Social Responsibility: Which Dimension Pays More?

This study uses a sample of 148 events related to corporate social responsibility (CSR) to assess the impact of CSR on corporate financial performance.

Auteur(s) :

Laetitia DruschAssistant, Mazars

Assistant, Mazars

Abraham Lioui

Professor of Finance, EDHEC Business School and Member, EDHEC-Risk Institute

There is considerable heterogeneity in market reaction to different dimensions of CSR. Not all dimensions offer a positive reward; some yield a negative and even statistically significant impact on the firms' stock returns. One main conclusion of this study is that socially responsible investment is not an excuse for passive management. There is still room for timing and stock picking within the socially responsible universe of stocks.

Type : Working paper
Date : le 07/06/2010
Pôle de recherche Finance

A voir également

Bel succès pour le Raid EDHEC
Actualités
- 14-06-2019
Organisée par l'association étudiante Raid EDHEC, la 26ème édition du Raid EDHEC s'est...
Partenariat entre LegalEDHEC et Queen’s Law-Cornell
Actualités
- 12-06-2019
Le Centre de recherche LegalEDHEC (France) et Queen’s Law-Cornell’s Conflict Analytics...
Une étudiante de l'EDHEC au Women's Forum for the Economy & Society
Actualités
- 11-06-2019
Le 30 et 31 mai derniers, notre étudiante BBA Laura DUGARDIN s’est rendue à Mexico City...
Comment financer ma formation ? Les 5 réflexes essentiels
Actualités
- 07-06-2019
Vous avez un projet de formation mais ne savez pas encore comment le financer ? Alors...