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dc.contributor.authorShalchian, Homayoon
dc.contributor.authorBouslah, Kais Ben Hmida
dc.contributor.authorM’Zali, Bouchra
dc.identifier.citationShalchian , H , Bouslah , K B H & M’Zali , B 2015 , ' A multi-dimensional analysis of corporate social responsibility : different signals in different industries ' , Journal of Financial Risk Management , vol. 4 , no. 2 , pp. 90-107 .
dc.identifier.otherPURE: 211779687
dc.identifier.otherPURE UUID: efeb616e-d7b4-4e45-ab72-44deb96fc5d5
dc.identifier.otherORCID: /0000-0001-8407-8929/work/82179587
dc.description.abstractThis study investigates the relation between individual dimensions of corporate social responsibility (CSR) and financial performance in different industries. Using Kinder, Lydenberg and Domini (KLD) social ratings, we find that investors seem to be more sensitive to the dimension “Environment” in mining and manufacturing sectors while they seem to be more sensitive to the dimension “Employees’ welfare” in the service industry. Our results also suggest that investors perceive an additional financial risk from firm’s irresponsible behavior and consequently, they are more pre-occupied by eventual losses caused by firms’ social irresponsibility than by potential financial gains from corporate social performance.
dc.relation.ispartofJournal of Financial Risk Managementen
dc.rightsCopyright © 2015 by authors and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY).
dc.subjectCorporate Social Performanceen
dc.subjectCorporate Social Irresponsibilityen
dc.subjectPortfolio Managementen
dc.subjectFinancial Performanceen
dc.subjectHF Commerceen
dc.titleA multi-dimensional analysis of corporate social responsibility : different signals in different industriesen
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.contributor.institutionUniversity of St Andrews.Centre for Responsible Banking and Financeen
dc.description.statusPeer revieweden

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