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dc.contributor.authorAlice Monti, Pierpaolo Pattitoni, Barbara Petracci, Otto Randl
dc.date.accessioned2022-06-02T22:27:15Z
dc.date.available2022-06-02T22:27:15Z
dc.date.created2022-05-28 23:30
dc.date.issued2022
dc.identifieroai:cris.unibo.it:11585/887236
dc.identifierhttp://hdl.handle.net/11585/887236
dc.identifier.urihttp://hdl.handle.net/20.500.12424/4168337
dc.description.abstractBased on a large panel of listed firms from 52 countries in the period 2002–2020, we inves-tigate the relationship between corporate social responsibility (CSR) and equity risk. We confirm previous evidence that higher CSR scores are related to lower risk measures, con-sidering all types of risks: total, systematic, and idiosyncratic. Analyzing a large interna-tional sample allows us to investigate the role of country and company characteristics in the relationship between CSR scores and risk measures. The risk-reducing effect is more pronounced in weaker institutional environments. It is stronger in civil-law countries, in countries with low security regulation or disclosure requirement levels and where financial information is less widespread. Firms in high impact or high profile industries benefit more from CSR than firms in other industries as do firms that are not cross-listed. The financial crisis has increased the risk-reducing effect of CSR. The main results are confirmed in the COVID-19 period.
dc.format.mediumSTAMPA
dc.language.isoeng
dc.relation.ispartofinfo:eu-repo/semantics/altIdentifier/hdl/11585/887236
dc.relation.ispartofvolume:Forthcoming
dc.relation.ispartoffirstpage:1
dc.relation.ispartoflastpage:31
dc.relation.ispartofnumberofpages:31
dc.relation.ispartofjournal:REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING
dc.relation.ispartofurn:ISSN:1573-7179
dc.subjectCorporate social responsibility · Equity risk · International evidence
dc.titleDoes Corporate Social Responsibility Impact Equity Risk? International Evidence
dc.typeinfo:eu-repo/semantics/article
ge.collectioncodeBC
ge.dataimportlabelOAI metadata object
ge.identifier.legacyglobethics:18390599
ge.lastmodificationdate2022-05-28 23:30
ge.lastmodificationuseradmin@novalogix.ch (import)
ge.submissions0
ge.oai.exportid149950
ge.oai.repositoryid100669
ge.oai.setname1 - Contributo in rivista
ge.oai.setnameARIC UNIBO
ge.oai.setname1.01 Articolo in rivista
ge.oai.setspeccom_11585_514067
ge.oai.setspeccom_11585_514055
ge.oai.setspeccol_11585_514008
ge.oai.streamid2
ge.setnameGlobeEthicsLib
ge.setspecglobeethicslib
ge.linkhttp://hdl.handle.net/11585/887236


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