Does the market recognize corporate social responsibility?

被引：0

作者：

Camilo Sanchez-Lopez, Juan ^{[1
]}

Godoy Bejarano, Jesus Maria ^{[1
]}

机构：

[1] Univ Ibague, Fac Ciencias Econ & Adm, Programa Adm Negocios Int, Tolima, Colombia

来源：

RAE-REVISTA DE ADMINISTRACAO DE EMPRESAS | 2022年 / 62卷 / 02期

关键词：

Corporate social responsibility; market; study of events; D[!text type='JS']JS[!/text]I; Colombian companies; ACTUALLY VALUE SUSTAINABILITY; FINANCIAL PERFORMANCE; FIRM VALUE; ASYMMETRIC-INFORMATION; INVESTOR REACTIONS; RATINGS; EVENT;

D O I：

10.1590/S0034-759020220205

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article examines the impact of the Dow Jones Sustainability Index (DJSI) announcements that are prepared annually by RobecoSAM on the market value of Colombian firms. The analysis of 77 events and their impact on 13 firms for the 2009-2018 period found that DJSI-related events lead to insignificantly abnormal returns being generated for shareholders. The study suggests that this happens because Colombian companies do not widely disclose these types of event.

引用

页数：16

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