Evidence item

The primary international panel study directly reports lower subsequent equity-risk measures among firms with higher CSR scores. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 17301

Source: Does corporate social responsibility impact equity risk? International evidence · locator {} · excerpt hash sha256:8a2cf33b3491a2b145dc86d691372832cfaea208bd54e53e109ca121a47a1b3c

Based on a large panel of listed firms from 52 countries in the period 2002–2020, we investigate the relationship between corporate social responsibility (CSR) and equity risk. We confirm previous evidence that higher CSR scores are related to lower risk measures, considering all types of risks: total, systematic, and idiosyncratic.