This paper studies the association between ownership by socially responsible investors (SRIs) and firm outcomes. In particular, we examine their impact on firm value and firm risk. Since the inclusion of environmental, social, and governmental (ESG) issues in investment decisions is not directly...

This article investigates the association between the CSR and marginal credit costs of European companies. We provide instance for a negative association based on a variety of model specifications and fine-grained measures for CSR. These results can be explained in light of the increasing...