How Do Corporate Social Responsibility and Corporate Governance Affect Stock Price Crash Risk?

We investigate the impact of corporate social responsibility (CSR) and corporate governance on stock price crash risk in manufacturing sector of India and Pakistan. We collect data of nine years from 2010 to 2018 from DataStream of 353 manufacturing firms. We apply the Generalized Method of Moments (GMM) to the analysis of the data. We find that when firms actively engage in CSR activities, they lead to reduced stock price crash risk. We further find that managerial ownership has a significant positive impact on stock price crash risk, while board size and CEO duality show a significant and negative impact on stock price crash risk

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Year of publication:	2020
Authors:	Hunjra, Ahmed Imran
Other Persons:	Mehmood, Rashid (contributor) ; Tayachi, Tahar (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Corporate Social Responsibility \| Corporate social responsibility \| Corporate Governance \| Corporate governance \| Börsenkurs \| Share price \| Finanzkrise \| Financial crisis

Extent:	1 Online-Ressource (15 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: J. Risk Financial Manag., 2020 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 8, 2020 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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