Kölbel, Julian F.; Busch, Timo - In: Global Strategy Journal 11 (2021) 2, pp. 304-328
Good corporate social responsibility (CSR) ratings can increase a firm's legitimacy and reduce its default risk. Yet …, the interpretation of CSR varies between different countries. We investigate whether CSR ratings have a risk …-mitigating effect across different institutional contexts. We find that good CSR ratings have a general risk-mitigating effect. Yet, we …