Web(see Cheng, Hong, & Shue, 2013). In this study, we explore the role of CSR activities in determining shareholder value during the outbreak of coro- ... (2024), and Cheng et al. (2013) also show that CSR activities are detrimental to shareholder value. Ben-Nasr and Ghouma (2024) observe that employee's welfare positively contributes to stock ... Webhave been thoroughly explored in Cheng, Hong, and Shue (2013) and Hong, Kubik, and Scheinkman (2011). The disadvantage is that, like most ratings produced by commercial
Does corporate social responsibility affect shareholder value? Evidence ...
WebAug 6, 2014 · Several studies resort to policy and market-wide shocks as quasi-experiments to help identify a causal relationship between CSR and agency proxies (e.g., Hong et al., … WebNov 1, 2024 · In turn, M&A decisions are potentially more subject to support as well as challenges from various stakeholders who have a significant impact on the M&A completion and integration process (Deng, Kang, & Low, 2013). The way a firm treats its stakeholders is thus expected to play a role in the outcome of M&A deals. clip on belly rings
LG4 Outline (Conveyancing Updates) (updated on 16 1 2024)
WebWe find support for two key predictions of an agency theory of unproductive corporate social responsibility. First, increasing managerial ownership decreases measures of firm … Weband Tirole, 2010; Cheng, Hong, and Shue, 2013; Masulis and Reza, 2014) and hence problematic (“agency view”). That is to say, socially responsible firms tend to suffer from agency problems which enable managers to engage in CSR that benefits themselves at the expense of shareholders (Krueger, 2013). WebCheng, Hong, and Shue (2013) present evidence of an agency theoretic perspective on CSR in which managers engage in unproductive CSR as a way to enjoy private bene ts. … clip on belt fan