Governmental and scientific news and insights on investor oriented environmental, social, and governance (ESG) data.

The Impact of Corporate Social Responsibility on Excessive Risk Taking and Firm Value

We hypothesize that CSR serves as a control mechanism to curb excessive risk taking and to reduce excessive risk avoidance. Firms with CSR focus must balance the interests of multiple stakeholders, and therefore, must allocate resources to satisfy both investing and noninvesting stakeholders’ interests. Using five measures of corporate risk taking and a sample of [...]

By | 2016-06-01T14:20:52+00:00 May 25th, 2016|CSR, Firm Value, Risk|0 Comments