Expertblog
2007 - 2008 Top Studies on ESG
Below you can find a list of the most recent studies on Environmental, Social and Governance issues (the order of these articles is arbitrary). To download the article(s) just click on the link (when applicable). Please feel free to comment on them.
- Edmans, Alex, "Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices" (January 30, 2008). Available at SSRN: http://ssrn.com/abstract=985735
- Masulis, Ronald W., Wang, Cong and Fei Xie, "Corporate Governance and Acquirer Returns". ECGI-Finance Working Paper No. 116/2006. Available at SSRN: http://ssrn.com/abstract=697501
- Chen, Huafeng (Jason), Kacperczyk, Marcin T. and Ortiz-Molina, Hernan, "Do Non-Financial Stakeholders Affect Agency Costs of Debt? Evidence from Unionized Workers" (March 2007). Available at SSRN: http://ssrn.com/abstract=972046
- Fisman, Ray, Heal, Geoffrey and Vinay Nair (2006) “A Model of Corporate Philanthropy”, Working Paper, Wharton School, University of Pennsylvania. Available at : http://knowledge.wharton.upenn.edu/papers/1331.pdf
- Liu, Crocker H. and Yermack, David, "Where are the Shareholders' Mansions? CEOs' Home Purchases, Stock Sales, and Subsequent Company Performance" (October 17, 2007). Available at SSRN: http://ssrn.com/abstract=970413
- ter Horst, Jenke R., Zhang, Chendi and Luc Renneboog (2008), “Socially responsible investments: Institutional aspects, performance, and investor behavior”, Journal of Banking and Finance, Forthcoming.
- Benson, Karen L. L and Humphrey, Jacquelyn, "Socially Responsible Investment Funds: Investor Reaction to Current and Past Returns" (July 2007). Journal of Banking and Finance, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1001372
- Salaber, Julie M., "The Determinants of Sin Stock Returns: Evidence on the European Market" (November 1, 2007). Paris December 2007 Finance International Meeting AFFI-EUROFIDAI Paper Available at SSRN: http://ssrn.com/abstract=1071746
- Kim, Irene and Mohan Venkatachalam “Are sin stocks paying the price for their accounting sins?”, Unpublished working paper, Duke University, 2006. Available at http://dhanna.cox.smu.edu/SMUWeb/workshop/kv.pdf
- Margolis, Joshua D., Hillary Anger Elfenbein, and James P. Walsh. "Do Well by Doing Good? Don't Count on It." Social Responsibility. HBS Centennial Issue. Harvard Business Review 86, no. 1 (January 2008): 19. Available at http://harvardbusinessonline.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=F0801D&referral=2340
(I thank Jeroen Derwall and other ECCE's researchers for valuable inputs).