Colorado College Logo

  DigitalCC

Use AND (in capitals) to search multiple keywords.
Example: harmonica AND cobos

1 hits

  • Thumbnail for Corporate Social Responsibility and Stock Returns: An Analysis of Corporate Social Performance and Corporate Financial Performance.
    Corporate Social Responsibility and Stock Returns: An Analysis of Corporate Social Performance and Corporate Financial Performance. by Wesley, Griffin

    There has been a lot of research done in the past to determine the relationship between Corporate Social Performance (CSP), Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP). The results of past research have been divided and inconclusive. This paper examines how CSR scores, obtained from CSRHub, interact with stock returns on a quarterly basis. The models in this paper utilize an overall CSR score, and the Fama-French three factor mode (Fama & French 1993), to predict stock returns. Using five regressions, this study finds that there is a negative relationship between CSR and stock returns. While this result is consistent with that of Brammer et al. (2008), it is in opposition to the majority of past research which finds a positive relationship between the two variables.