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Evidence on the trade-off between corporate social responsibility and mergers and acquisitions investment
16 references·3 citing·43 second hopsampled
Evidence on the trade-off between corporate social responsibility and mergers and acquisitions investment (2020)Evidence on the trade-off between corpora…Corporate goodness and shareholder wealth (2014)Corporate goodness and shareh…The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness (2013)The Impact of Corporate Socia…Corporate social responsibility and stakeholder value maximization: Evidence from mergers (2013)Corporate social responsibili…Corporate social responsibility and access to finance (2013)Corporate social responsibili…Is Earnings Quality Associated with Corporate Social Responsibility? (2012)Is Earnings Quality Associate…Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Does the stock market fully v…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…Corporate Governance and Acquirer Returns (2007)Corporate Governance and Acqu…Corporate Social Responsibility: Strategic Implications* (2006)Corporate Social Responsibili…Firm size and the gains from acquisitions (2004)Firm size and the gains from …Law, Finance, and Firm Growth (1998)Law, Finance, and Firm GrowthTHE CORPORATE SOCIAL PERFORMANCE-FINANCIAL PERFORMANCE LINK (1997)THE CORPORATE SOCIAL PERFORMA…Industry costs of equity (1997)Industry costs of equityDetecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The influence of ESG on mergers and acquisitions decisions and organisational performance in UK firms: comparison between financial and non-financial sectors (2025)The influence of ESG on merge…Tradeoff between corporate investment and CSR: The moderating effect of financial slack, workforce slack, and board gender diversity (2023)Tradeoff between corporate in…Equity market response to natural disasters: Does firm's corporate social responsibility make difference? (2022)Equity market response to nat…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)The Structure of Scientific Revolutions (1963)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Corporate Social Responsibility and Resource-Based Perspectives (2006)The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy (2010)How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)Using daily stock returns (1985)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)A theory of human motivation. (1943)… and the Cross-Section of Expected Returns (2015)Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)Sustainable investing in equilibrium (2020)A Survey of Corporate Governance (1997)Corporate Social and Financial Performance: A Meta-Analysis (2003)Strategic management a stakeholder approach (2010)Do institutional investors drive corporate social responsibility? International evidence (2018)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)A Three-Dimensional Conceptual Model of Corporate Performance (1979)Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)Corporate Social Performance Revisited (1991)Corporate Social Responsibility: A Theory of the Firm Perspective (2001)Misery Loves Companies: Rethinking Social Initiatives by Business (2003)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Law and Finance (1998)Initial conditions and moment restrictions in dynamic panel data models (1998)Large Shareholders and Corporate Control (1986)Corporate Sustainability: First Evidence on Materiality (2016)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1997THE CORPORATE SOCIAL PERFORMANCE-FINANCIAL PERFORMANCE LINK6,756 cited
  • 1997Industry costs of equity5,793 cited
  • 2010Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting4,332 cited
  • 2013Corporate social responsibility and access to finance3,892 cited
  • 2010Does Corporate Social Responsibility Affect the Cost of Capital?3,461 cited
  • 2006Corporate Social Responsibility: Strategic Implications*3,155 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 2013The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness2,531 cited
  • 2011Does the stock market fully value intangibles? Employee satisfaction and equity prices2,504 cited
  • 1998Law, Finance, and Firm Growth2,452 cited
  • 2004Firm size and the gains from acquisitions2,355 cited
  • 2012Is Earnings Quality Associated with Corporate Social Responsibility?2,009 cited
  • 2014Corporate goodness and shareholder wealth1,897 cited
  • 2007Corporate Governance and Acquirer Returns

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1,780 cited
  • 2013Corporate social responsibility and stakeholder value maximization: Evidence from mergers1,654 cited
  • Cited by

    • 2023Tradeoff between corporate investment and CSR: The moderating effect of financial slack, workforce slack, and board gender diversity34 cited
    • 2025The influence of ESG on mergers and acquisitions decisions and organisational performance in UK firms: comparison between financial and non-financial sectors27 cited
    • 2022Equity market response to natural disasters: Does firm's corporate social responsibility make difference?26 cited