Tag Archives: CSR

Communicating Corporate Culture in Labor Markets  

By | December 6, 2022

Finding the right talent for a position is not easy. These days, enticing a good candidate goes far beyond the typical promise of career advancement and a competitive salary. Now, particularly in the aftermath of the COVID-19 pandemic and major movements like Black Lives Matter and the Great Resignation, job seekers are increasingly looking at… Read More »

Corporate Social Responsibility in the Digital Era

By | October 25, 2022

Many of today’s most popular firms are selling products that exhibit network effects; that is, the value created by the product increases with the number of users adopting it. Examples include social media platforms (e.g., Twitter and LinkedIn), information technology providers (e.g., Apple and Huawei), and video game companies. Firms selling these network products can… Read More »

Going Out by Doing Good: The Effect of Mandatory CSR Disclosure on Outward FDI of Chinese Firms

By | October 11, 2022

China has become a major global investor and witnessed massive amounts of outward foreign direct investment (OFDI) in recent years. Prior studies have shown that OFDI can be an important channel through which Chinese firms explore market opportunities, acquire strategic assets, and exploit global network linkages. However, internationalizing Chinese firms usually face the so-called liability… Read More »

Millennials and GenZ’ers Have Only One Lifetime to Change the World with Their Investments

By | September 23, 2022

Millennials and GenZ’ers are perceived to have a reckless mentality and adopt a careless attitude toward life decisions, including investing. The reality, however, is that Millennials and GenZ’ers recognize they only live once and they want to make an impact in the lives that they live. They are committed to creating powerful and positive changes… Read More »

The Pollution Premium

By | September 22, 2022

While industrial pollution is widespread in the modern world and affects everyone’s life, whether it influences the returns on stock investors is an important yet underexplored issue. In our recent paper, we attempt to examine why and how industrial pollution affects expected stock returns using both modeling and empirical approaches. Polluting firms may save costs… Read More »

To Achieve the Same Goal in Different Ways: How Institutional Ownership Affects Firms’ CSR Activities in China 

By | September 21, 2022

Research from industrialized economies reveals that institutional ownership can boost the corporate social responsibility participation of companies (Chen et al., 2019). These studies argue that stating their opinions, or the mere prospect of voting, can improve institutional investors’ influence over firms’ CSR policy. But does this story apply in emerging economies? The answer is YES.… Read More »

Does CSR Engender Trust? Evidence From Investor Reactions to Corporate Disclosures

By | July 7, 2021

Growth in corporate social responsibility (CSR) practices is an undeniable fact of modern business. 90% of S&P 500 firms published a corporate sustainability report in 2020, up from merely 20% in 2011. As more and more firms adopt CSR practices, a key question emerges: how do such activities impact investor perceptions of firms? Proponents of… Read More »