NettetKarl Lins University of Utah Henri Servaes London Business School, CEPR, and ECGI Ane Tamayo London School of Economics February 2024 _____ * This paper … Nettet19. mar. 2024 · Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis. KARL V. LINS, HENRI SERVAES, …
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NettetKarl V. Lins & Henri Servaes & Ane Tamayo, 2024. " Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis ," Journal of Finance, American Finance Association, vol. 72 (4), pages 1785-1824, August. Handle: RePEc:bla:jfinan:v:72:y:2024:i:4:p:1785-1824 as Nettetacquisition process and achieve greater post-merger operating performance. More recently, Lins, Servaes and Tamayo (2024) find that because of their better reputations, firms that entered the crisis period with high CSR ratings have significantly higher crisis-period stock returns than those that entered it with low CSR ratings. the tropics restaurant honolulu
Investor Tastes, Corporate Behavior and Stock Returns: An Analysis …
NettetLiskovich (2016), Albuquerque, Durnev, and Koskinen (2016), Lins, Servaes, and Tamayo (2024)). Thus, the evidence detailing the financial costs and benefits of investment to increase E&S performance is mixed. In this paper, we take a different tack to shed light on the importance of E&S performance to ... Nettetof negative events (Godfrey 2005; Lins, Servaes, and Tamayo 2024). Empirically, this literature has examined three questions: whether CSR performance relates to stakeholders’ trust in management, whether a loss of trust has a stock-price effect, and whether CSR performance alleviates the stock-price effect of negative events. NettetSacconi and Degli Antoni 2011;Linsetal.2024; Servaes and Tamayo 2024)andusea subsetofa firm’s ESG(environmental, social, and governance)activitiesasa proxy for its investment in social capital. Our particular focus is on the environmental and social (E&S) elements of ESG because these factors correspond to the relation between the sewers of toronto