Bouslah, Kais; Kryzanowski, Lawrence; M’Zali, Bouchra - In: Journal of Banking & Finance 37 (2013) 4, pp. 1258-1273
This paper examines the impact of the individual dimensions of social performance (SP) on firm risk (total and idiosyncratic) using 16,599 firm-year observations over the period 1991–2007. We find that firm risk for S&P500 members is positively affected by Employee, Diversity, and Corporate...