Does csr reduce idiosyncratic risk
WebDec 28, 2024 · Idiosyncratic risk is the risk that is particular to a specific investment – as opposed to risk that affects the entire market or an entire investment portfolio. It is the opposite of systemic risk, which affects all investments within a given asset class. Systemic risks include things such as changing interest rates or inflation. WebThis study explored the influence of corporate social responsibility (CSR) on idiosyncratic risk. Referring to an approach used by Pagan and Sossounov, we separated the sample …
Does csr reduce idiosyncratic risk
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WebThese studies have shown that CSR can decrease the risk of financial distress, increase a firm's value, reduce idiosyncratic and systematic risk, protect against legal risks, and reduce the risk ... WebOct 14, 2024 · Despite the significance of corporate social responsibility (CSR), there remains an extensive debate regarding its implications for firm value. ... Chen et al. (2024) show that under different market conditions, CSR can significantly reduce idiosyncratic risk . Mishra and Modi (2013) also argue that CSR has a significant impact on …
WebDec 8, 2024 · Does CSR Reduce Idiosyncratic Risk? Roles of operational efficiency and AI innovation The Centre for Research on Entrepreneurship, Innovation Management … Webabc bus ethics doi corporate environmental responsibility and firm risk li cai1 jinhua cui2 hoje jo3 received: 21 may 2014 accepted: 22 march 2015 springer
WebAug 28, 2024 · Recently, the research result of Professor Li Guo's team from the school of management and economics of Beijing University of technology, Does CSR Reduce Idiosyncratic Risk? Roles of Operational Efficiency and AI Innovation was officially published in Production and Operations Management, an international top journal of … WebABSTRACT: This paper investigates the impact of corporate social responsibility on the idiosyncratic risk of enterprises. We find that corporate social responsibility is negatively associated with the idiosyncratic risk of enterprises. This association is robust to a series of robustness checks, including the use of alternative
WebMay 29, 2024 · In the context of Industry 4.0, corporate social responsibility (CSR) plays an increasingly important role in firm risk management. To mitigate risk and improve operational productivity, artificial intelligence (AI), a key disruptive technology, has been … The mission of Production and Operations Management is to serve as the flagship … Does CSR Reduce Idiosyncratic Risk? Roles of Operational Efficiency and AI … We would like to show you a description here but the site won’t allow us.
WebAug 22, 2024 · Abstract. We examine whether regional social capital has any impact on idiosyncratic return volatility. Using US data, we find that firms headquartered in high social capital counties exhibit significantly lower idiosyncratic return volatility. This effect is more pronounced in the presence of financial reporting quality and corporate social ... monadnock wedding rentalWebAug 25, 2016 · There is also, however, a view in the literature that investments in CSR-related activities that help build good relations with a firm’s stakeholders are like a real option that a firm can use to reduce its operational costs and/or input prices thus reducing the firm’s operational i.e. idiosyncratic risk (Husted 2005). ian scott renfrewWebMay 18, 2024 · Meanwhile, total risk is formed by idiosyncratic and systematic risk. The first is an expression of the characteristics of the company, while the second is given by exogenous aspects (Battisti et al., 2024). Some studies have tried to understand the impact of CSR strategies on a firm's risk. monadnock wedding