The DOI matches its Crossref record; 94 of the 94 references it cites were found in a registry or an index.
Social Performance and Firm Risk: Impact of the Financial Crisis
Open accessAbstract
This paper examines the impact of the recent financial crisis (2008-2009) on the relation between a firm's risk and social performance (SP) using a sample of non-financial U.S. firms covering the period 1991-2012. We find that the relation between SP and risk is significantly different in the crisis period (post-crisis period) compared to the pre-crisis period. SP reduces volatility during the financial crisis. The risk reduction potential of SP is mainly due to the strengths component of SP. Since the relation of risk is stronger with SP strengths than SP concerns, this implies an asymmetric relation between these SP components and a firm's risk. Specifically, strengths act as a risk reduction tool during an adverse economic environment.
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Cites
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Cited by
ESG did not immunize stocks during the COVID‐19 crisis, but investments in intangible assets did
Demers, E., Hendrikse, J., Joos, P., & Lev, B. (2021) · Journal of Business Finance & Accounting · doi:10.1111/jbfa.12523 · Cited by 441
Do ESG strategies enhance bank stability during financial turmoil? Evidence from Europe
Chiaramonte, L., Dreassi, A., Girardone, C., & Piserà, S. (2022) · The European Journal of Finance · doi:10.1080/1351847x.2021.1964556 · Cited by 389
Metadata
- Authors
- Bouslah, K., Kryzanowski, L., & M’Zali, B.
- Venue
- Journal of Business Ethics
- Published
- 2016-02-11
- Volume
- 149
- Issue
- 3
- Pages
- 643-669
- ISSN
- 0167-4544 (ISSN-L)
- 1573-0697
- OpenAlex
- W2272150317
- Cited by
- 326
- References
- 94
- FWCI
- 21.62
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
