Corporate social responsibility levels and firm performance: Evidence from countries in crisis

Detalhes bibliográficos
Autor(a) principal: Morais, Mariana Rebocho Pais Belo de
Data de Publicação: 2014
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/11693
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
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spelling Corporate social responsibility levels and firm performance: Evidence from countries in crisisA Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsIn times of economic downturn it is of utmost importance for companies to find alternative ways to enhance their value while disregarding all activities that have the potential to destroy value. Corporate Social Responsibility (CSR) disclosures inform analysts and investors about companies‟ ethical accountability and engagement towards society, possibly contributing to the overall value of a company. This paper examines the rapport between different levels of CSR disclosure and stock market performance, analyzing a sample comprised by companies from Portugal, Spain and Italy, given that these are some of the countries most affected by the 2008 financial crisis. The period covered ranges from 2008 to 2012. CSR disclosure levels are measured through the Global Reporting Initiative (GRI) guidelines. Results unveil that markets value a low CSR disclosure negatively, but do not find other levels of disclosure to add value, which implies that in times of crisis a low CSR disclosure may increase information asymmetry between a company and market participants. Furthermore, an analysis of the changes in GRI reveals the existence of a positive relation between stock market returns and upward changes in CSR disclosure levels.NSBE - UNLMarques, AnaRUNMorais, Mariana Rebocho Pais Belo de2014-03-18T16:59:33Z2014-012014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/11693TID:201474646enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:46:18Zoai:run.unl.pt:10362/11693Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:20:28.687062Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Corporate social responsibility levels and firm performance: Evidence from countries in crisis
title Corporate social responsibility levels and firm performance: Evidence from countries in crisis
spellingShingle Corporate social responsibility levels and firm performance: Evidence from countries in crisis
Morais, Mariana Rebocho Pais Belo de
title_short Corporate social responsibility levels and firm performance: Evidence from countries in crisis
title_full Corporate social responsibility levels and firm performance: Evidence from countries in crisis
title_fullStr Corporate social responsibility levels and firm performance: Evidence from countries in crisis
title_full_unstemmed Corporate social responsibility levels and firm performance: Evidence from countries in crisis
title_sort Corporate social responsibility levels and firm performance: Evidence from countries in crisis
author Morais, Mariana Rebocho Pais Belo de
author_facet Morais, Mariana Rebocho Pais Belo de
author_role author
dc.contributor.none.fl_str_mv Marques, Ana
RUN
dc.contributor.author.fl_str_mv Morais, Mariana Rebocho Pais Belo de
description A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
publishDate 2014
dc.date.none.fl_str_mv 2014-03-18T16:59:33Z
2014-01
2014-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/11693
TID:201474646
url http://hdl.handle.net/10362/11693
identifier_str_mv TID:201474646
dc.language.iso.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv NSBE - UNL
publisher.none.fl_str_mv NSBE - UNL
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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