Csr and stock price crash risk
WebAbstract. This study investigates whether corporate social responsibility (CSR) mitigates or contributes to stock price crash risk. Crash risk, defined as the conditional skewness of return distribution, captures asymmetry in risk and is important for investment decisions and risk management. If socially responsible firms commit to a high ... WebFeb 19, 2014 · Abstract. This study investigates whether corporate social responsibility (CSR) mitigates or contributes to stock price crash risk. Crash risk, defined as the …
Csr and stock price crash risk
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WebAbstract. This study explores the effect of CSR on reducing a firm's stock price crash risk in China's energy industry by using a regression model and further investigates the effect of items within CSR (e.g., corporate governance and environment protection) on reducing said risk to find which item is important for CSR for the energy industry. WebFeb 19, 2014 · Abstract. This study investigates whether corporate social responsibility (CSR) mitigates or contributes to stock price crash risk. Crash risk, defined as the conditional skewness of return distribution, captures asymmetry in risk and is important for investment decisions and risk management.
WebOur empirical results show that ESG ratings reduce the stock price crash risk, and this relation is significantly alleviated for financially constrained firms. The results imply that greater financial constraint suppresses the positive role of corporate social responsibility in mitigating the risk of a stock price crash. Web2.1. Hypothesis of the Relationship of Corporate Social Responsibility and Stock Price Crash Risk According to the Information Asymmetry Theory, reducing information asym …
WebNov 8, 2024 · The practice of corporate social responsibility (CSR) by firms can play a significant role in mitigating the risk of stock price crashes, particularly in undervalued … WebNov 8, 2024 · The practice of corporate social responsibility (CSR) by firms can play a significant role in mitigating the risk of stock price crashes, particularly in undervalued firms. ... Dumitrescu and Zakriya explain how they used a single framework to study the relationship between CSR, stock price crash risk, and firm valuation. Using data from …
WebWe find that the stock price crash risk of energy firms significantly decreases in the post-COVID-19 period. We also find that firms that engage in more corporate social responsibility (CSR) activities are less exposed to stock price crash risk in the post-COVID-19 period than those that engage in less CSR activities.
WebAbstract. This study provides evidence for the differential impacts of corporate social responsibility (CSR) initiatives targeting different stakeholder groups on stock price crash risk. In particular, it highlights CSR's role in mitigating risk and creating shareholder value. Our results reveal that managerial bad news hoarding and the ... literacy elementaryWebThe results show that: (1) There is an inverted U-shaped nonlinear relationship between CSR information disclosure and stock price crash risk. That is, as the CSR information … literacy education pdfWebJul 13, 2024 · The current study advances the understanding of ‘CSR – crash risk’ relationship with the moderating effect of analyst coverage. We also provide … literacy effortsWeblower, stock price crash risk. To test these two opposing views of the relation between CSR and stock price crash risk, we examine how firms’ CSR performance is … literacy effectiveness softwareWebSep 1, 2024 · DOI: 10.1016/J.INTFIN.2024.101416 Corpus ID: 239667055; Corporate social activities and stock price crash risk in the banking industry: International evidence @article{Wang2024CorporateSA, title={Corporate social activities and stock price crash risk in the banking industry: International evidence}, author={Kun Tracy Wang and … literacyedventures.comWebNov 1, 2024 · The endogeneity concern arises because there may be some unobservable factors that simultaneously affect companies' CSR performance and stock price crash risk, or because low stock price crash risk leads to better CSR performance. To address this concern, we adopt the instrumental variable method to run a two-stage least square … literacy education programs wnyWebFeb 19, 2024 · Using a sample of 1,361 listing companies in the Chinese stock market over the period of 2006–2024, we create a new indicator to assess the content diversity of CSR disclosure, and examine the causal effects of crash risk on it. We find that the increase of crash risk has a negative effect on companies’ future CSR disclosure. literacy effect