Can I read Corporate Social Responsibility and Sustainable Finance on EtoBox?

Corporate Social Responsibility and Sustainable Finance by Hao Liang; Luc Renneboog is a book available to read on EtoBox.

What is Corporate Social Responsibility and Sustainable Finance about?

Corporate social responsibility (CSR) refers to the incorporation of environmental, social, and governance (ESG) considerations into corporate management, financial decision-making, and investors' portfolio decisions. Socially responsible firms are expected to internalize the externalities they create (e.g., pollution) and be accountable to shareholders and other stakeholders (employees, customers, suppliers, local communities, etc.). Rating agencies have developed firm-level measures of ESG performance that are widely used in the literature. However, these ratings show inconsistencies that result from the rating agencies' preferences, weights of the constituting factors, and rating methodology. CSR also deals with sustainable, responsible, and impact investing. The return implications of investing in the stocks of socially responsible firms include the search for an EGS factor and the performance of SRI funds. SRI funds apply negative screening (exclusion of "sin" industries), positive screening, and activism through engagement or proxy voting. In this context, one wonders whether responsible investors are willing to trade off financial returns with a "moral" dividend (the return

Author

Hao Liang; Luc Renneboog

Publisher

Oxford University Press

Published

2021

Language

EN