Csr and stock price crash risk
WebApr 5, 2024 · Second, state ownership strengthens the negative impact of CSR disclosure on COE significantly. The paper offers insight into how stock price crash risk and state ownership affect the merit of CSR disclosure towards firms' COE and how the lack of consideration of such factors could be the reason for the inconsistent findings in the … 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.
Csr and stock price crash risk
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WebApr 5, 2024 · Second, state ownership strengthens the negative impact of CSR disclosure on COE significantly. The paper offers insight into how stock price crash risk and state … WebNov 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 …
Web2.1. Hypothesis of the Relationship of Corporate Social Responsibility and Stock Price Crash Risk According to the Information Asymmetry Theory, reducing information asym-metry helps reduce the risk of corporate stock price crash. rawser Gelb & St (2001) pointed out in their research that when companies actively take on social WebOct 10, 2016 · The purpose of this paper is to test opposing views of the relationship between corporate social responsibility (CSR) and stock price crash risk in a major Asian emerging stock market.,This paper suggests an endogenous relationship between CSR and stock price crash risk. Hence, this paper uses two-stage least squares …
WebAug 13, 2024 · In this study, we develop an approach that integrates corporate image of corporate social responsibility (CSR) activities, stock price crash risk and profitability into a dynamic slack-based measure model to evaluate corporate sustainability performance. We illustrate our methodology by applying it empirically to examine the … 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 …
WebKeywords: Corporate Social Responsibility (CSR); stock price crash risk; academic independent director; institutional investor 1. Introduction Stock price crash risk measures the possibility of a stock price collapse of a listed company, which can be attributed to principal-agent problems and information asymmetry [1,2]. There is a
early voting locations orlando fl3.2. Regression variables3.2.1. Cost of equity capital. We follow recent research … The directors of such [joint-stock] companies, however, being the … We develop a series of cross-sectional regression specifications to forecast … Tax avoidance on stock price crash risk: The effect of takeover threat (H2). This … In addition, we investigate whether the negative relation between CSR and … Target firm variables include a classified board indicator and controls for the net … Table 2 presents the descriptive statistics for the variables used in our regression … The KLD database provides annual social performance evaluation for around 650 … early voting locations rockingham county ncWeblower, 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 … csun legal name changeWebJan 1, 2024 · PDF On Jan 1, 2024, Xianzhe Chen published Corporate Social Responsibility and Stock Price Crash Risk —Moderating Effect Analysis of Social … early voting locations scoresbyWebFeb 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. early voting locations santa fe county nmWebAbstract. 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 ... early voting locations overland park kansasWebAbstract. This study provides evidence for the differential impacts of corporate social responsibility (CSR) initiatives targeting different stakeholder groups on stock price … early voting locations schertz tx