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Should risk-averse investors target the portfolios of socially responsible companies?
16 references·1 citing·45 second hop
Should risk-averse investors target the portfolios of socially responsible companies? (2022)Should risk-averse investors target the p…Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence (2018)Corporate Social Responsibili…The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness (2013)The Impact of Corporate Socia…Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure (2012)Nonfinancial Disclosure and A…Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Voluntary Nonfinancial Disclo…The impact of corporate social responsibility on the cost of bank loans (2010)The impact of corporate socia…Strategic management a stakeholder approach (2010)Strategic management a stakeh…The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)The relationship between corp…Gender Diversity in the Boardroom and Firm Financial Performance (2007)Gender Diversity in the Board…The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)The Relationship Between Corp…Managing Legitimacy: Strategic and Institutional Approaches (1995)Managing Legitimacy: Strategi…CORPORATE SOCIAL RESPONSIBILITY AND FIRM FINANCIAL PERFORMANCE. (1988)CORPORATE SOCIAL RESPONSIBILI…Separation of Ownership and Control (1983)Separation of Ownership and C…Estimation of Dynamic Models with Error Components (1981)Estimation of Dynamic Models …A Three-Dimensional Conceptual Model of Corporate Performance (1979)A Three-Dimensional Conceptua…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…ESG trade-off with risk and return in Chinese energy companies (2023)ESG trade-off with risk and r…PORTFOLIO SELECTION* (1952)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Social Responsibility of Business Is to Increase Its Profits (2007)Corporate Sustainability: First Evidence on Materiality (2016)Corporate green bonds (2021)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)The External Control of Organizations. (1978)AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY AND PROFITABILITY. (1985)Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms (1985)Determinants of corporate social responsibility disclosure: An application of stakeholder theory (1992)The Corporate Social Performance and Corporate Financial Performance Debate (1997)Corporate Social Responsibility: Strategic Implications* (2006)Portfolio Selection: Efficient Diversification of Investments (1959)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)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 Adjustment of Stock Prices to New Information (2003)The Modern Corporation and Private Property (1933)Social Responsibilities of the Businessman (1954)Corporate Social and Financial Performance: A Meta-Analysis (2003)Social Responsibilities of the Businessman (2013)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Corporate Social Responsibility and Shareholder Reaction: The Environmental Awareness of Investors (2012)What drives corporate social performance? The role of nation-level institutions (2012)Institutionalized Organizations: Formal Structure as Myth and Ceremony (1977)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)WHY COMPANIES GO GREEN: A MODEL OF ECOLOGICAL RESPONSIVENESS. (2000)The iron cage revisited institutional isomorphism and collective rationality in organizational fields (2004)Modes of Network Governance: Structure, Management, and Effectiveness (2007)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)Corporate financing and investment decisions when firms have information that investors do not have (1984)Large Shareholders and Corporate Control (1986)The Cross-Section of Expected Stock Returns (1992)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Corporate social responsibility and access to finance (2013)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Strategic assets and organizational rent (1993)A Survey of Corporate Governance (1997)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)
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References

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  • 2010Strategic management a stakeholder approach24,023 cited
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  • 1981Estimation of Dynamic Models with Error Components2,326 cited
  • 2018Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence2,219 cited
  • 2007Gender Diversity in the Boardroom and Firm Financial Performance2,219 cited

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  • 2010The impact of corporate social responsibility on the cost of bank loans2,099 cited
  • 2012Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure1,916 cited
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    • 2023ESG trade-off with risk and return in Chinese energy companies29 cited