Kjaer, Christina; Kirchmaier, Tom - 2023
subsequent corporate scandals. We find that the ‘S’ score (social responsibility) has a predictive power on scandals, while the … expectation, the ‘S’ score is positively correlated with the likelihood of corporate scandals, suggesting that the ‘S’ score does … not live up to measuring a company’s social responsibility, including the ‘commitment to being a good corporate citizen …