A huge body of research has addressed the impact of corporate social performance (CSP)
on corporate financial performance. However, prior literature provides only limited evidence …

In this paper, we empirically examine whether superior performance in corporate social
responsibility (CSR) results in lower credit risk, measured by credit ratings and zero-volatility …

Approaching the institutional environment through its regulative component, we distinguish
between shareholder‐oriented and stakeholder‐oriented countries. Identifying first this …

This study examines whether ESG performance improves a firm's creditworthiness. To this
end, we develop two methodologies for logistic regression with or without two-stage least …

This paper examines the outcomes and characteristics of corporate acquisitions from the
perspective of stakeholder-shareholder agency conflicts. Using state variation in labor …

This paper investigates the effect of environmental, social, and governance (ESG)
performance on credit ratings. We argue that ESG factors should be considered in the credit …

We examine the impact of corporate sustainability performance (CSP) on the speed at which
firms adjust their leverage ratios to the target levels for a large sample of 31 countries from …

This study addresses the relationship between the (dis) aggregated ESG rating and different
types of risk (ie, market risk, idiosyncratic risk, total risk) in the German stock market. We …

Based on practices and legislation in the shipping industry, we construct a corporate social
responsibility (CSR) disclosure index for listed shipping companies. We use Markov Chain …

This paper investigates the relationship between corporate social responsibility and the
idiosyncratic risk of Eurozone banks. Idiosyncratic risk represents firm-specific risks for …