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Forecasting price delay and future stock returns: The role of corporate social responsibility
16 references·4 citing·37 second hop
Forecasting price delay and future stock returns: The role of corporate social responsibility (2019)Forecasting price delay and future stock …Corporate social responsibility and access to finance (2013)Corporate social responsibili…Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Voluntary Nonfinancial Disclo…Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does Corporate Social Respons…The price of sin: The effects of social norms on markets (2009)The price of sin: The effects…Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations (2007)Putting the S back in corpora…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…MANAGERIAL TIES AND FIRM PERFORMANCE IN A TRANSITION ECONOMY: THE NATURE OF A MICRO-MACRO LINK. (2000)MANAGERIAL TIES AND FIRM PERF…Corporate Social Performance As a Competitive Advantage in Attracting a Quality Workforce (2000)Corporate Social Performance …CORPORATE SOCIAL PERFORMANCE AND ORGANIZATIONAL ATTRACTIVENESS TO PROSPECTIVE EMPLOYEES. (1997)CORPORATE SOCIAL PERFORMANCE …GUANXI: CONNECTIONS AS SUBSTITUTES FOR FORMAL INSTITUTIONAL SUPPORT. (1996)GUANXI: CONNECTIONS AS SUBSTI…Comparing Predictive Accuracy (1995)Comparing Predictive AccuracyComparing Predictive Accuracy (1994)Comparing Predictive AccuracyCorporate Social Performance Revisited (1991)Corporate Social Performance …A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)A Simple Model of Capital Mar…RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)RISK, UNCERTAINTY, AND DIVERG…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Information disclosure ratings and stock price crash risk (2024)Information disclosure rating…Cost Stickiness and Stock Price Delay (2022)Cost Stickiness and Stock Pri…Effects of Corporate Social Responsibility on Firm Performance: Does Customer Satisfaction Matter? (2020)Effects of Corporate Social R…Corporate social responsibility, market reaction and accounting conservatism (2020)Corporate social responsibili…Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Econometric Analysis of Cross Section and Panel Data (2001)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (2018)Corporate green bonds (2021)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Framing of Decisions and the Psychology of Choice (1981)The Limits of Arbitrage (1995)The Cross‐Section of Volatility and Expected Returns (2006)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Pricing of Options and Corporate Liabilities (1973)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)A Three-Dimensional Conceptual Model of Corporate Performance (1979)A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance (1995)The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications (1995)Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of who and What Really Counts (1997)Strategic management a stakeholder approach (2010)Social Responsibilities of the Businessman (2013)Editor's Choice Digesting Anomalies: An Investment ApproachThe Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Liquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)Initial conditions and moment restrictions in dynamic panel data models (1998)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Large Shareholders and Corporate Control (1986)Corporate Sustainability: First Evidence on Materiality (2016)Answering the Skeptics: Yes, Standard Volatility Models do Provide Accurate Forecasts (1998)A Comprehensive Look at The Empirical Performance of Equity Premium Prediction (2007)Strictly Proper Scoring Rules, Prediction, and Estimation (2007)Testing the equality of prediction mean squared errors (1997)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Deep learning with long short-term memory networks for financial market predictions (2017)
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References

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  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
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  • 1997CORPORATE SOCIAL PERFORMANCE AND ORGANIZATIONAL ATTRACTIVENESS TO PROSPECTIVE EMPLOYEES.3,146 cited
  • 2000MANAGERIAL TIES AND FIRM PERFORMANCE IN A TRANSITION ECONOMY: THE NATURE OF A MICRO-MACRO LINK.2,859 cited
  • 2009The price of sin: The effects of social norms on markets2,600 cited
  • 1996GUANXI: CONNECTIONS AS SUBSTITUTES FOR FORMAL INSTITUTIONAL SUPPORT.

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2,240 cited
  • 2000Corporate Social Performance As a Competitive Advantage in Attracting a Quality Workforce2,077 cited
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    • 2020Effects of Corporate Social Responsibility on Firm Performance: Does Customer Satisfaction Matter?47 cited
    • 2020Corporate social responsibility, market reaction and accounting conservatism44 cited
    • 2024Information disclosure ratings and stock price crash risk22 cited
    • 2022Cost Stickiness and Stock Price Delay18 cited