dc.contributor.author |
Berkman, Henk |
|
dc.contributor.author |
Li, Michelle |
|
dc.contributor.author |
Lu, Helen |
|
dc.date.accessioned |
2021-08-10T00:07:16Z |
|
dc.date.available |
2021-08-10T00:07:16Z |
|
dc.date.issued |
2020-11-5 |
|
dc.identifier.issn |
0810-5391 |
|
dc.identifier.uri |
https://hdl.handle.net/2292/55929 |
|
dc.description.abstract |
Lins, Servaes and Tamayo (2017) (LST) show that during the Global Financial Crisis (GFC) US firms with high corporate social responsibility (CSR) ratings increased in value relative to firms with low CSR ratings. Our study raises questions about the internal and external validity of the inferences in LST. For a similar sample of US stocks, we find no evidence that high CSR firms outperformed low CSR firms during the GFC when we use a calendar-time portfolio analysis that controls for industry, or uses value-weighted portfolios. For a sample of Japanese stocks, we also fail to confirm the results reported in LST. |
|
dc.language |
en |
|
dc.publisher |
Wiley |
|
dc.relation.ispartofseries |
Accounting and Finance |
|
dc.rights |
Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. |
|
dc.rights.uri |
https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm |
|
dc.subject |
Social Sciences |
|
dc.subject |
Business, Finance |
|
dc.subject |
Business & Economics |
|
dc.subject |
Corporate social responsibility |
|
dc.subject |
Event study |
|
dc.subject |
Japan |
|
dc.subject |
Replication |
|
dc.subject |
Validity test |
|
dc.subject |
1402 Applied Economics |
|
dc.subject |
1501 Accounting, Auditing and Accountability |
|
dc.subject |
1502 Banking, Finance and Investment |
|
dc.title |
Trust and the value of CSR during the global financial crisis |
|
dc.type |
Journal Article |
|
dc.identifier.doi |
10.1111/acfi.12721 |
|
dc.date.updated |
2021-07-14T03:19:52Z |
|
dc.rights.holder |
Copyright: The author |
en |
pubs.author-url |
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000586248100001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=6e41486220adb198d0efde5a3b153e7d |
|
pubs.publication-status |
Published online |
|
dc.rights.accessrights |
http://purl.org/eprint/accessRights/RestrictedAccess |
en |
pubs.subtype |
Article |
|
pubs.subtype |
Early Access |
|
pubs.subtype |
Journal |
|
pubs.elements-id |
826487 |
|
dc.identifier.eissn |
1467-629X |
|
pubs.number |
acfi.12721 |
|
pubs.online-publication-date |
2020-11-5 |
|