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Original Articles

Corporate social responsibility and stock market performance

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Pages 1283-1293 | Published online: 23 Jul 2009

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (4)

Buthiena Kharabsheh, Hussam A. Al-Shammari & Nosiaba Al-Numerat. (2022) Corporate social responsibility and CEO compensation: the moderating effect of corporate governance. Cogent Economics & Finance 10:1.
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Mohammed Benlemlih, Jamil Jaballah & Jonathan Peillex. (2018) Does it really pay to do better? Exploring the financial effects of changes in CSR ratings. Applied Economics 50:51, pages 5464-5482.
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Marco Nicolosi, Stefano Grassi & Elena Stanghellini. (2014) Item response models to measure corporate social responsibility. Applied Financial Economics 24:22, pages 1449-1464.
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Shunsuke Managi, Tatsuyoshi Okimoto & Akimi Matsuda. (2012) Do socially responsible investment indexes outperform conventional indexes?. Applied Financial Economics 22:18, pages 1511-1527.
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Articles from other publishers (55)

Chetna Rath & Malabika Deo. (2023) The Role of GHG Emissions and Energy Consumption Disclosures in Determining Performance-Based CEO Compensation — A Panel Data Approach. Review of Pacific Basin Financial Markets and Policies 26:02.
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Brian J. Leite & Vahap B. Uysal. (2023) Does ESG matter to investors? ESG scores and the stock price response to new information. Global Finance Journal, pages 100851.
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Pejman Abedifar, Kais Bouslah, Christopher Neumann & Amine Tarazi. (2022) Resilience of Environmental and Social Stocks under Stress: Lessons from the COVID‐19 Pandemic. Financial Markets, Institutions & Instruments 32:2, pages 23-50.
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Yonghuai Chen, Tao Li, Qing Zeng & Bo Zhu. (2022) Effect of ESG performance on the cost of equity capital: Evidence from China. International Review of Economics & Finance.
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Akanksha Shukla, GeetikaNimesh Shukla. (2021) Corporate Social Responsibility Measures: A Brief Review. Business Perspectives and Research 10:1, pages 101-120.
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Fabio Pisani & Giorgia Russo. (2021) Sustainable Finance and COVID-19: The Reaction of ESG Funds to the 2020 Crisis. Sustainability 13:23, pages 13253.
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Deepmala Jasuja, Jaya Mamta Prosad & Neeraj Nautiyal. (2021) A Comparative Performance Analysis of Sustainability Themed Indices in India: Markov Regime Switching Approach. FIIB Business Review, pages 231971452110528.
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Anupam Dutta, Elie Bouri, Probal Dutta & Tareq Saeed. (2021) Commodity market risks and green investments: Evidence from India. Journal of Cleaner Production 318, pages 128523.
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Ama Twumwaa Gyane, Edward Kweku Nunoo, Shafic Suleman & Joseph Essandoh-Yeddu. (2021) Sustaining oil and gas multinational operations through corporate social responsibility practices. Discover Sustainability 2:1.
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Lorenzo Ardito, Rosa Maria Dangelico & Antonio Messeni Petruzzelli. (2020) The link between female representation in the boards of directors and corporate social responsibility: Evidence from B corps. Corporate Social Responsibility and Environmental Management 28:2, pages 704-720.
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Simon Man Shing So. (2021) Corporate social responsibility and firm performance: Modified social contribution value per share. Risk Governance and Control: Financial Markets and Institutions 11:2, pages 32-46.
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José Luis Miralles-Quirós & María Mar Miralles-Quirós. (2020) Who Knocks on the Door of Portfolio Performance Heaven: Sinner or Saint Investors?. Mathematics 8:11, pages 1951.
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Mercedes Alda. (2020) ESG fund scores in UK SRI and conventional pension funds: Are the ESG concerns of the SRI niche affecting the conventional mainstream?. Finance Research Letters 36, pages 101313.
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Muzhar Javed, Muhammad Amir Rashid, Ghulam Hussain & Hafiz Yasir Ali. (2019) The effects of corporate social responsibility on corporate reputation and firm financial performance: Moderating role of responsible leadership. Corporate Social Responsibility and Environmental Management 27:3, pages 1395-1409.
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Heng Xu. (2020) Corporate social responsibility, product innovation, and product line. Nankai Business Review International 11:2, pages 171-190.
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Shiyu Wang, Yan Zhang, Guanzhen Wang & Zhibin Chen. (2020) Who can realize the “spot value” of corporate social responsibility?. Sustainability Accounting, Management and Policy Journal 11:4, pages 717-743.
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Saiful Arefeen & Koji Shimada. (2020) Performance and Resilience of Socially Responsible Investing (SRI) and Conventional Funds during Different Shocks in 2016: Evidence from Japan. Sustainability 12:2, pages 540.
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Heng Xu. (2019) Corporate social responsibility innovation as a counterstrategy of national brand manufacturer against private label. Nankai Business Review International 11:3, pages 393-407.
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Mehdi Mili, Sami Gharbi & Frédéric Teulon. (2019) Business ethics, company value and ownership structure. Journal of Management and Governance 23:4, pages 973-987.
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Jean-Michel Sahut, Marta Peris-Ortiz & Frédéric Teulon. (2019) Corporate social responsibility and governance. Journal of Management and Governance 23:4, pages 901-912.
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Woon Leong Lin, Jo Ann Ho, Siew Imm Ng & Chin Lee. (2019) Does corporate social responsibility lead to improved firm performance? The hidden role of financial slack. Social Responsibility Journal 16:7, pages 957-982.
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Chang‐Soo Kim. (2019) Can Socially Responsible Investments Be Compatible with Financial Performance? A Meta‐analysis. Asia-Pacific Journal of Financial Studies 48:1, pages 30-64.
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Misra Cagla Gul & Mehmet Kaytaz. 2019. Corporate Social Responsibility. Corporate Social Responsibility 982 998 .
Renáta Myšková & Petr Hájek. (2018) Sustainability and Corporate Social Responsibility in the Text of Annual Reports—The Case of the IT Services Industry. Sustainability 10:11, pages 4119.
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Irene Henriques & Perry Sadorsky. (2018) Investor implications of divesting from fossil fuels. Global Finance Journal 38, pages 30-44.
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Jieun Chung & Charles H. Cho. (2018) Current Trends within Social and Environmental Accounting Research: A Literature Review. Accounting Perspectives 17:2, pages 207-239.
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Andrew Ainsworth, Adam Corbett & Steve Satchell. (2018) Psychic dividends of socially responsible investment portfolios. Journal of Asset Management 19:3, pages 179-190.
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Vaibhav Lalwani & Madhumita Chakraborty. (2018) Quality investing in the Indian stock market. Managerial Finance 44:2, pages 127-141.
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Ewan Mackie, Imon Palit, Madhu Veeraraghavan & John Watson. 2018. Sustainability and Social Responsibility: Regulation and Reporting. Sustainability and Social Responsibility: Regulation and Reporting 261 305 .
Zhihong Wang & Joseph Sarkis. (2017) Corporate social responsibility governance, outcomes, and financial performance. Journal of Cleaner Production 162, pages 1607-1616.
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Albi Alikaj, Cau Ngoc Nguyen & Efrain Medina. (2017) Differentiating the impact of CSR strengths and concerns on firm performance. Journal of Management Development 36:3, pages 401-409.
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Klender Cortez Alejandro & Martha del Pilar Rodríguez García. (2017) An assessment of OECD sustainable portfolios with a multi-criteria approach under uncertainty. Kybernetes 46:1, pages 67-84.
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Misra Cagla Gul & Mehmet Kaytaz. 2017. CSR 2.0 and the New Era of Corporate Citizenship. CSR 2.0 and the New Era of Corporate Citizenship 274 289 .
Luca Lambertini, Arsen Palestini & Alessandro Tampieri. (2016) CSR in an Asymmetric Duopoly with Environmental Externality. Southern Economic Journal 83:1, pages 236-252.
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Collins G. Ntim. (2016) Corporate governance, corporate health accounting, and firm value: The case of HIV/AIDS disclosures in Sub-Saharan Africa. The International Journal of Accounting 51:2, pages 155-216.
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Mollie Painter-Morland & René ten Bos. (2015) Should Environmental Concern Pay Off? A Heideggerian Perspective. Organization Studies 37:4, pages 547-564.
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Dennis J. Aigner. 2016. Corporate Responsibility. Corporate Responsibility 11 37 .
SzeKee Koh, Robert B. Durand & Manapon Limkriangkrai. (2015) The value of Saints and the price of Sin. Pacific-Basin Finance Journal 35, pages 56-72.
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. 2015. An Integrated Approach to Environmental Management. An Integrated Approach to Environmental Management 521 547 .
Rosa Maria Dangelico & Pierpaolo Pontrandolfo. (2015) Being ‘Green and Competitive’: The Impact of Environmental Actions and Collaborations on Firm Performance. Business Strategy and the Environment 24:6, pages 413-430.
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Tay Chia Ling & Nigar Sultana. (2015) Corporate social responsibility: what motivates management to disclose?. Social Responsibility Journal 11:3, pages 513-534.
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Christophe Revelli & Jean-Laurent Viviani. (2015) Financial performance of socially responsible investing (SRI): what have we learned? A meta-analysis. Business Ethics: A European Review 24:2, pages 158-185.
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Dafna M. DiSegni, Moshe Huly & Sagi Akron. (2015) Corporate social responsibility, environmental leadership and financial performance. Social Responsibility Journal 11:1, pages 131-148.
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Mollie Painter-Morland. (2015) Philosophical assumptions undermining responsible management education. Journal of Management Development 34:1, pages 61-75.
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Martha-del-Pilar Rodríguez-García, Klender Cortez-Alejandro & Alma-Berenice Méndez-Sáenz. 2015. Scientific Methods for the Treatment of Uncertainty in Social Sciences. Scientific Methods for the Treatment of Uncertainty in Social Sciences 331 346 .
Perry Sadorsky. (2014) Modeling volatility and conditional correlations between socially responsible investments, gold and oil. Economic Modelling 38, pages 609-618.
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Collins G. Ntim & Teerooven Soobaroyen. (2013) Corporate Governance and Performance in Socially Responsible Corporations: New Empirical Insights from a Neo‐Institutional Framework. Corporate Governance: An International Review 21:5, pages 468-494.
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Meng-Wen Wu & Chung-Hua Shen. (2013) Corporate social responsibility in the banking industry: Motives and financial performance. Journal of Banking & Finance 37:9, pages 3529-3547.
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Mollie Painter-Morland. 2013. Social Innovation. Social Innovation 283 293 .
Andreas Andrikopoulos & Nikoleta Kriklani. (2012) Environmental Disclosure and Financial Characteristics of the Firm: The Case of Denmark. Corporate Social Responsibility and Environmental Management 20:1, pages 55-64.
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Leonardo Becchetti. (2012) Voting with the wallet. International Review of Economics 59:3, pages 245-268.
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Ron Bird, Francesco Momenté & Francesco Reggiani. (2012) The market acceptance of corporate social responsibility: a comparison across six countries/regions. Australian Journal of Management 37:2, pages 153-168.
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Avishek Bhandari & Mark J. Kohlbeck. (2015) Impact of Corporate Social Responsibility on Analystss Behavior. SSRN Electronic Journal.
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Luca Lambertini, Arsen Palestini & Alessandro Tampieri. (2014) CSR in an Asymmetric Duopoly with Environmental Externalities. SSRN Electronic Journal.
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Stefania Arrigoni & Alberto Lanzavecchia. (2013) Do Investment Managers Charge More Costs For SRI Funds? Evidence from the European Financial Market. SSRN Electronic Journal.
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