Julie HudsonCfa DigestHudson, J. (2006). The Social Responsibility of the Investment Profession, Research Foundation of CFA Institute Monograph.Hudson, Julie. CFA. "The Social Responsibility of the Investment Profession". CFA
In this paper, the process for firms to decide whether or not to invest in corporate social responsibility is treated from a real option perspective. We extend the Husted (2005) framework with an important extra parameter that allows us to understand the timing of CSR investment and explain ...
In perfect financial market, where investment decisions are independent from financial situation, firms should carry out all positive net present value projects and forgo all negative net present value projects (Modigliani and Miller, 1958). In order to maximize their values, companies invest until th...
效应投资也不同于全球规模已达4兆亿美元的社会责任投资(Social Responsibility Investment)。同样是一种投资策略,社会责 … blog.sina.com.cn|基于22个网页 2. 社会责任价值 新光国际开发股份有限公司 ... 3. Investment 有效的投资 4.Social Responsibility Investment社会责任价值。 ... ...
"So traditionally corporate social responsibility whereby people are given donations, money donations, they use it today and tomorrow they will still need more. In this case, we see that the students basically are being trained and their skill-set basically is being improved so that they can be...
It allows us to directly infer whether the pattern is driven by a positive investment thesis – i.e., heavier allocations toward firms with positive attributes – or risk-avoidance motives – i.e., avoidance of firms with negative attributes.5 Our key finding is that institutional investors ...
impact of corporate social responsibility (CSR) disclosure on firm-level investment efficiency.<bold>Design/methodology/approach</bold>An econometric model is used to estimate the impact of CSR reporting on investment efficiency on a sample of listed Chinese firms during the period from 2010 to 2013...
Using panel data set from banks in Nigeria, a developing country, this paper examines the effects of corporate social responsibility (CSR) investment and disclosure on corporate financial performance. The results from the Wallace and Hussain estimator of component variances (a two-way random and fixe...