1. Corporate Social Responsibility and Financial Performance
... , media and government rather than companies shareholders. Moreover, they interpreted CSR as a transfer payment that destroys shareholders' equity (Ioannis Ioannou, George Serafeim, 2014) to stakeholders. Sample Selection Issues In addition to the agency logic that influenced the formation of pessimistic correlations between CSR and CFP, Shahzad and Sharfman (2015) reported that when social-choice investment advisory ... (SIA) were trying to reveal the linkage between CSR and CFP, there was a sample selection bias as the inclusion of firms in the database may not be random. Those firms m...
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- Grade Level: Graduate