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

Does Corporate Social Responsibility Impact Risk?

We investigate the relationship between corporate social responsibility (CSR) and risk, using measures that capture systematic, idiosyncratic, downside and extreme risks. We analyze the aggregate CSR score as well as its subdimensions. We base our analysis on a large panel of listed firms from 52 countries in the period 2002-2015 and use GMM estimators that [...]

By |2018-06-28T12:50:41+00:00June 28th, 2018|CSR, ESG, Risk|0 Comments

A Panel Study of the Relationship Between Corporate Social Inconsistency and Risk

This panel study of 863 firms offers a theoretical exploration of the proposed curvilinear relationship between firms’ (in)consistency in environmental, social, and governance practices and corporate risk. We hypothesize a U-shaped relationship between corporate risk and corporate social inconsistency (CSI), defined as the internal variability of a firm's performance with respect to different environmental, social, [...]

By |2016-06-30T11:49:17+00:00June 13th, 2016|CSR, Firm Value, Risk|0 Comments