Corporate Goodness and Shareholder Wealth

Article English OPEN
Krueger, Philipp;
(2015)
  • Journal: issn: 0304-405X
  • Publisher copyright policies & self-archiving
  • Subject: Corporate sustainability | Social and environmental responsibility | Shareholder value | Corporate culture | Agency costs | Corporate governance | Event study
    • ddc: ddc:650
    mesheuropmc: chemical and pharmacologic phenomena | health care economics and organizations

Using a unique data set, I study how stock markets react to positive and negative events concerned with a firm's corporate social responsibility (CSR). I show that investors respond strongly negatively to negative events and weakly negatively to positive events. I then ... View more
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