Rhetoric, Reality, and Reputation Do CSR and Political Lobbying Protect Shareholder Wealth against Environmental Lawsuits?

We investigate whether firms' corporate social responsibility (CSR) reputations and environmental lobbying efforts protect shareholder wealth in the event of environmental lawsuits. Using a sample of lawsuits filed in United States Federal Courts, we find that firms with superior CSR reputation...

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Vydáno v:	Journal of financial and quantitative analysis Ročník 55; číslo 2; s. 679 - 706
Hlavní autoři:	Liu, Chelsea, Cheong, Chee Seng, Zurbruegg, Ralf
Médium:	Journal Article
Jazyk:	angličtina
Vydáno:	Seattle Cambridge University Press 01.03.2020
Témata:	Alternative approaches Courts Emissions Environmental impact Environmental policy Expenditures Falsification Fines & penalties Greenhouse gases Hypotheses Insurance Litigation Lobbying Oil spills Politics Propensity Quantitative analysis Reputations Rhetoric Shareholders wealth Social responsibility Stockholders Valuation Wealth
ISSN:	0022-1090, 1756-6916
On-line přístup:	Získat plný text
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