Article citationsMore>>

Cormier, D., Magnan, M., & Van Velthoven, B. (2005). Environmental Disclosure Quality in Large German Companies: Economic Incentives, Public Pressures or Institutional Conditions? European Accounting Review, 14, 3-39.
https://doi.org/10.1080/0963818042000339617

has been cited by the following article:

• TITLE: Are Institutional Investors Concerned about Corporate Social Responsibility Risk?

  AUTHORS: Yi Chen

  KEYWORDS: CSR Risk, Institutional Investor, Marketization, Property Right, Business Performance

  JOURNAL NAME: Open Journal of Social Sciences, Vol.8 No.3, March 27, 2020

  ABSTRACT: This paper uses the data of the RepRisk database to construct corporate social responsibility risk indicators (CSR Risk), and examines the relationship between corporate social responsibility risk and institutional holdings. The study found that there is a significant negative correlation between the institutional investor’s shareholding and corporate social responsibility risk, and the above relationship is even more pronounced in regions with a higher degree of marketization, state-owned listed companies, and companies with better operating performance. In further analysis, this article finds that corporate social responsibility risk will negatively affect earnings sustainability and corporate value, which means that investors investing in companies with higher social responsibility risk will reduce the investment value.