Sharfman and fernando 2008
WebbUnlike Sharfman and Fernando (2008), who rely on the CAPM to estimate the cost of equity capital, we use as an alternative the implied (ex-ante) cost of capital approach, which … Webb“Good” firms has a higher than median KLD score in social strengths but a lower than median KLD 1 The stakeholder theory predicts that socially responsible firms may be subjected to lower social or environment risk than socially irresponsible firms (e.g., Waddock and Graves, 1997; Feldman, Soyka and Ameer, 1997; Sharfman and Fernando, …
Sharfman and fernando 2008
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Webb12 maj 2008 · Mark P. Sharfman, Chitru S. Fernando. Published 12 May 2008. Business, Economics. Risk Management. Our study of 267 U.S. firms shows that improved … WebbFinally, in the third stream, authors such as Chava (2014), El Ghoul et al. (2011), Sharfman and Fernando (2008) and Heinkel et al. (2001) argue that ESG ratings might, in fact, …
Webbresidual risk of the firm is a theoretical explanation for why ESG enhances firms’ performance. Sharfman and Fernando (2008) argue that high ESG ratings lower the … WebbRisk Management and the Cost of Capital 571 arguments. Mark P. Sharfman, Chitru S. Fernando. Published 2008. Business. Our study of 267 U.S. firms shows that improved …
Webbabc bus ethics doi corporate environmental responsibility and firm risk li cai1 jinhua cui2 hoje jo3 received: 21 may 2014 accepted: 22 march 2015 springer http://www.ciriec.ca/pdf/bouslah-hmaittane-kryzanowski-mzali.pdf
Webband consistent with Sharfman and Fernando (2008) and El Ghoul et al. (2010), we find that there is some evidence of lower factor-loading exposures in high CSR firms. Our most …
WebbJ., 29: 569–592 (2008) DOI: 10.1002/smj 578 M. P. Sharfman and C. S. Fernando what percentage of the firm’s discharges were as our reference year (t), we estimated our models being treated to reduce their toxicity … total length revit scheduleWebbSharfman and Fernando (2008) and Heinkel et al. (2001) argue that ESG ratings might, in fact, affect the risk profile of firms by adding an extra-financial risk component to the … total length traveled by an objectWebb11 apr. 2008 · Our study of 267 U.S. firms shows that improved environmental risk management is associated with a lower cost of capital. Our findings provide an … total lens cleanerWebbby Sharfman and Fernando (2008) and El Ghoul et al. (2011) which suggest that firms with a high level of CSP may enjoy a lower cost of capital. Their findings raise questions … total length traveled by a moving objectWebbSharfman and Fernando (2008), on the other hand, investigated the relationship between the firms’ EP and weighted average cost of capital in the US market using both TRI and … total lent by lending club to dateWebbInstitutional investors shun stocks with high environmental risk exposure, which we show have lower valuations, as predicted by risk management theory. These findings suggest … total lesion glycolysisWebb17 juli 2024 · Originality/value. This paper extends prior studies that investigate the perceptions of capital market participants of firm’s CSR commitment (Sharfman and … total length of truck and trailer