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Social performance and firm risk : impact of the financial crisis
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dc.contributor.author | Bouslah, Kais | |
dc.contributor.author | Kryzanowski, Lawrence | |
dc.contributor.author | M'Zali, Bouchra | |
dc.date.accessioned | 2016-02-16T17:10:09Z | |
dc.date.available | 2016-02-16T17:10:09Z | |
dc.date.issued | 2018-05 | |
dc.identifier | 240544264 | |
dc.identifier | 1563690d-7825-4d75-8b61-03e04d908511 | |
dc.identifier | 84957636446 | |
dc.identifier | 000432522400007 | |
dc.identifier.citation | Bouslah , K , Kryzanowski , L & M'Zali , B 2018 , ' Social performance and firm risk : impact of the financial crisis ' , Journal of Business Ethics , vol. 149 , no. 3 , pp. 643-669 . https://doi.org/10.1007/s10551-016-3017-x | en |
dc.identifier.issn | 0167-4544 | |
dc.identifier.other | ORCID: /0000-0001-8407-8929/work/82179588 | |
dc.identifier.uri | https://hdl.handle.net/10023/8244 | |
dc.description | Bouslah and M’Zali gratefully acknowledge support for this research from the Social Sciences and Humanities Research Council of Canada (SSHRC). Kryzanowski gratefully acknowledges support from the Senior Concordia University Research Chair in Finance, IFM2 and SSHRC. We are also grateful to Robert Sheitoyan Foundation for its support. | en |
dc.description.abstract | This paper examines the impact of the recent financial crisis (2008–2009) on the relation between a firm’s risk and social performance (SP) using a sample of non-financial U.S. firms covering the period 1991–2012. We find that the relation between SP and risk is significantly different in the crisis period (post-crisis period) compared to the pre-crisis period. SP reduces volatility during the financial crisis. The risk reduction potential of SP is mainly due to the strengths component of SP. Since the relation of risk is stronger with SP strengths than SP concerns, this implies an asymmetric relation between these SP components and a firm’s risk. Specifically, strengths act as a risk reduction tool during an adverse economic environment. | |
dc.format.extent | 27 | |
dc.format.extent | 615644 | |
dc.language.iso | eng | |
dc.relation.ispartof | Journal of Business Ethics | en |
dc.subject | Financial crisis | en |
dc.subject | Volatility | en |
dc.subject | Idiosyncratic risk | en |
dc.subject | Social performance | en |
dc.subject | Strengths | en |
dc.subject | Concerns | en |
dc.subject | BJ Ethics | en |
dc.subject | HB Economic Theory | en |
dc.subject | HD61 Risk Management | en |
dc.subject | HG Finance | en |
dc.subject | 3rd-NDAS | en |
dc.subject | BDC | en |
dc.subject.lcc | BJ | en |
dc.subject.lcc | HB | en |
dc.subject.lcc | HD61 | en |
dc.subject.lcc | HG | en |
dc.title | Social performance and firm risk : impact of the financial crisis | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. Centre for the Study of Philanthropy & Public Good | en |
dc.contributor.institution | University of St Andrews. Centre for Responsible Banking and Finance | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.identifier.doi | 10.1007/s10551-016-3017-x | |
dc.description.status | Peer reviewed | en |
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