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題名:Corporate Social Responsibility and Risk: Evidence from China
書刊名:財務金融學刊
作者:詹場 引用關係柯文乾 引用關係池祥麟盧嘉梧 引用關係
作者(外文):Chan, ChangKe, Wen-chyanChih, Hsiang-linLu, Chia-wu
出版日期:2020
卷期:28:2
頁次:頁91-133
主題關鍵詞:企業社會責任公司風險特有風險市場風險中國Corporate social responsibilityFirm riskIdiosyncratic riskMarket riskChina
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(2) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:2
  • 共同引用共同引用:4
  • 點閱點閱:11
期刊論文
1.El Ghoul, Sadok、Guedhami, Omrane、Kwok, Chuck C. Y.、Mishra, Dev R.(2011)。Does corporate social responsibility affect the cost of capital?。Journal of Banking and Finance,35(9),2388-2406。  new window
2.Yu, Qiao、Du, Bin、Sun, Qian(2006)。Earnings management at rights issues thresholds: Evidence from China。Journal of Banking and Finance,30(12),3453-3468。  new window
3.Dhaliwal, Dan S.、Radhakrishnan, Suresh、Tsang, Albert、Yang, Yong G.(2012)。Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure。The Accounting Review,87(3),723-759。  new window
4.Servaes, Henri、Tamayo, Ane(2013)。The impact of corporate social responsibility on firm value: The role of customer awareness。Management Science,59(5),1045-1061。  new window
5.Chen, Kevin C. W.、Yuan, Hongqi(2004)。Earnings management and capital resource allocation: Evidence from China's accounting-based regulation of rights issues。The Accounting Review,79(3),645-665。  new window
6.Martin, Roger L.(2002)。The Virtue Matrix: Calculating the Return on Corporate Responsibility。Harvard Business Review,80(3),68-75。  new window
7.Luo, Xueming、Bhattacharya, Chitra B.(2009)。The Debate over Doing Good: Corporate Social Performance, Strategic Marketing Levers, and Firm-Idiosyncratic Risk。Journal of Marketing,73(6),198-213。  new window
8.Shleifer, Andrei(2004)。Does Competition Destroy Ethical Behavior?。American Economic Review,94(2),414-418。  new window
9.Lee, Darren D.、Faff, Robert W.(2009)。Corporate sustainability performance and idiosyncratic risk: A global perspective。Financial Review,44(2),213-237。  new window
10.Rajgopal, Shiva、Venkatachalam, Mohan(2011)。Financial Reporting Quality and Idiosyncratic Return Volatility。Journal of Accounting and Economics,51(1/2),1-20。  new window
11.Marquis, Christopher、Qian, Cuili(2014)。Corporate social responsibility reporting in China: Symbol or substance?。Organization Science,25(1),127-148。  new window
12.Godfrey, Paul C.、Merrill, Craig B.、Hansen, Jared M.(2009)。The Relationship between Corporate Social Responsibility and Shareholder Value: An Empirical Test of the Risk Management Hypothesis。Strategic Management Journal,30(4),425-445。  new window
13.Barnett, Michael L.、Salomon, Robert M.(2012)。Does it pay to be really good? addressing the shape of the relationship between social and financial performance。Strategic Management Journal,33(11),1304-1320。  new window
14.Barnett, Michael L.(2007)。Stakeholder Influence Capacity and the Variability of Financial Returns to Corporate Social Responsibility。Academy of Management Review,32(3),794-816。  new window
15.Liu, Qigui、Tian, Gary(2012)。Controlling Shareholder, Expropriations and Firm's Leverage Decision: Evidence from Chinese Non-Tradable Share Reform。Journal of Corporate Finance,18(4),782-803。  new window
16.Chan, Kalok、Menkveld, Albert J.、Yang, Zhishu(2008)。Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount。The Journal of Finance,63(1),159-196。  new window
17.Jiang, Guohua、Lee, Charles M. C.、Yue, Heng(2010)。Tunneling through intercorporate loans: The China experience。Journal of Financial Economics,98(1),1-20。  new window
18.Chen, Xiao、Lee, Chi-Wen J.、Li, Jing(2008)。Government Assisted Earnings Management in China。Journal of Accounting and Public Policy,27(3),262-274。  new window
19.Roberts, Peter W.、Dowling, Grahame R.(2002)。Corporate Reputation and Sustained Superior Financial Performance。Strategic Management Journal,23(12),1077-1093。  new window
20.McAlister, Leigh、Srinivasan, Raji、Kim, Min-Chung(2007)。Advertising, research and development, and systematic risk of the firm。Journal of Marketing,71(1),35-48。  new window
21.Bawa, Vijay S.、Lindenberg, Eric B.(1977)。Capital Market Equilibrium in a Mean-lower Partial Moment Framework。Journal of Financial Economics,5(2),189-200。  new window
22.Jo, Hoje、Na, Haejung(2012)。Does CSR reduce firm risk? Evidence from controversial industry sectors。Journal of Business Ethics,110(4),441-456。  new window
23.Mishra, Saurabh、Modi, Sachin B.(2013)。Positive and negative corporate social responsibility, financial leverage, and idiosyncratic risk。Journal of Business Ethics,117(2),431-448。  new window
24.Oikonomou, Ioannis、Brooks, Chris、Pavelin, Stephen(2012)。The impact of corporate social performance on financial risk and utility: A longitudinal analysis。Financial Management,41(2),483-515。  new window
25.Jiraporn, Pornsit、Jiraporn, Napatsorn、Boeprasert, Adisak、Chang, Kiyoung(2014)。Does corporate social responsibility (CSR) improve credit ratings? Evidence from geographic identification。Financial Management,43(3),505-531。  new window
26.高惠娟、許永明、林楚雄(20160900)。Does Engagement in Corporate Social Responsibility Reduce Firm Risk? Evidence from China。管理學報,33(3),501-529。new window  延伸查詢new window
27.Hull, Clyde E.、Rothenberg, Sandra(2008)。Firm performance: The interactions of corporate social performance with innovation and industry differentiation。Strategic Management Journal,29(7),781-789。  new window
28.Edmans, Alex(2011)。Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices。Journal of Financial Economics,101(3),621-640。  new window
29.Kuo, Jing-Ming、Ning, Lutao、Song, Xiaoqi(2014)。The real and accrual-based earnings management behaviors: Evidence from the split share structure reform in China。The International Journal of Accounting,49(1),101-136。  new window
30.Mackey, Alison、Mackey, Tyson B.、Barney, Jay B.(2007)。Corporate social responsibility and firm performance: Investor preferences and corporate strategies。The Academy of Management Review,32(3),817-835。  new window
31.Liu, Qiao、Lu, Zhou J.(2007)。Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective。Journal of Corporate Finance,13(5),881-906。  new window
32.Choi, Jaepil、Wang, Heli(2009)。Stakeholder Relations and the Persistence of Corporate Financial Performance。Strategic Management Journal,30(8),895-907。  new window
33.Zhang, Liang、Wang, Tie-Nan、Fung, Hung-Gay(2014)。Market reaction to corporate social responsibility announcements: evidence from china。China and World Economy,22(2),81-101。  new window
34.Ferreira, Miguel A.、Laux, Paul A.(2007)。Corporate Governance, Idiosyncratic Risk, and Information Flow。The Journal of Finance,62(2),951-989。  new window
35.Lins, Karl V.、Servaes, Henri、Tamayo, Ane(2017)。Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis。The Journal of Finance,72(4),1785-1824。  new window
36.Liao, Li、Liu, Bibo、Wang, Hao(2014)。China's secondary privatization: perspectives from the split-share structure reform。Journal of Financial Economics,113(3),500-518。  new window
37.Piotroski, Joseph D.、Zhang, Tianyu(2014)。Politicians and the IPO decision: The impact of impending political promotions on IPO activity in China。Journal of Financial Economics,111,111-136。  new window
38.Palazzo, Berardino(2012)。Cash holdings, risk, and expected returns。Journal of Financial Economics,104(1),162-185。  new window
39.Byun, Seong K.、Oh, Jong-Min(2018)。Local corporate social responsibility, media coverage, and shareholder value。Journal of Banking and Finance,87,68-86。  new window
40.Krüger, Philipp(2015)。Corporate goodness and shareholder wealth。Journal of financial economics,115(2),304-329。  new window
41.Harjoto, Maretno A.、Jo, Hoje(2015)。Legal vs. Normative CSR: Differential Impact on Analyst Dispersion, Stock Return Volatility, Cost of Capital, and Firm Value。Journal of Business Ethics,128,1-20。  new window
42.Chen, Charles J. P.、Li, Zengquan、Su, Xijia、Sun, Zheng(2011)。Rent-seeking incentives, corporate political connections, and the control structure of private firms: Chinese evidence。Journal of Corporate Finance,17(2),229-243。  new window
43.Fan, Joseph P. H.、Wong, Tak Jun、Zhang, Tianyu(2007)。Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms。Journal of Financial Economics,84(2),330-357。  new window
44.Gul, Ferdinand A.、Kim, Jeong-Bon、Qiu, Annie A.(2010)。Ownership concentration, foreign shareholding, audit quality, and stock price synchronicity: Evidence from China。Journal of Financial Economics,95(3),425-442。  new window
45.Peng, Winnie Qian、Wei, K. C. John、Yang, Zhishu(2011)。Tunneling or propping: Evidence from connected transactions in China。Journal of Corporate Finance,17(2),306-325。  new window
46.Zhou, Xiaorong、Chang, Meng-Shiuh、Gibler, Karen M.(2016)。The asymmetric wealth effects of housing market and stock market on consumption in China。Journal of the Asia Pacific Economy,21,196-216。  new window
47.Ang, Andrew、Chen, Joseph、Xing, Yuhang(2006)。Downside risk。Review of Financial Studies,19,1191-1239。  new window
48.Du, Xingqiang(2015)。How the market values greenwashing? Evidence from China。Journal of Business Ethics,128,547-574。  new window
49.Li, Bin、Rajgopal, Shivaram、Venkatachalam, Mohan(2014)。R2 and idiosyncratic risk are not interchangeable。Accounting Review,89,2261-2295。  new window
50.Sharma, Susan S.、Narayan, Paresh、Thuraisamy, Kannan(2015)。Time-varying herding behavior, global financial crisis, and the Chinese stock market。Review of Pacific Basin Financial Markets and Policies,18,1-31。  new window
51.Tang, Biyan(2012)。Contemporary corporate social responsibility (CSR) in China: A case study of a Chinese compliant。Moral Cents,1,13-22。  new window
52.Xiao, Gang(2015)。Trading and earnings management: Evidence from China's non-tradable share reform。Journal of Corporate Finance,31,67-90。  new window
53.Kim, Yongtae、Park, Myung Seok、Wier, Benson(2012)。Is earnings quality associated with corporate social responsibility?。The Accounting Review,87(3),761-796。  new window
54.Dhaliwal, Dan S.、Li, Oliver Z.、Tsang, Albert、Yang, Yong G.(2011)。Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting。The Accounting Review,86(1),59-100。  new window
55.Fernandes, Nuno、Ferreira, Miguel A.(2008)。Does international cross-listing improve the information environment。Journal of Financial Economics,88(2),216-244。  new window
56.Kim, Yongtae、Li, Haidan、Li, Siqi(2014)。Corporate Social Responsibility and Stock Price Crash Risk。Journal of Banking and Finance,43,1-13。  new window
57.Morck, Randall、Yeung, Bernard、Yu, Wayne(2000)。The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?。Journal of Financial Economics,58(1/2),215-260。  new window
58.Durnev, Art、Morck, Randall、Yeung, Bernard(2004)。Value-Enhancing Capital Budgeting and Firm-Specific Stock Return Variation。Journal of Finance,59(1),65-105。  new window
59.Orlitzky, Marc、Schmidt, Frank L.、Rynes, Sara L.(2003)。Corporate Social and Financial Performance: A Meta-Analysis。Organization Studies,24(3),403-441。  new window
60.Schuler, Douglas A.、Cording, Margaret(2006)。A Corporate Social Performance-Corporate Financial Performance Behavioral Model for Consumers。Academy of Management Review,31(3),540-558。  new window
61.Godfrey, Paul C.(2005)。The relationship between corporate philanthropy and shareholder wealth: A risk management perspective。The Academy of Management Review,30(4),777-798。  new window
62.Goss, Allen、Roberts, Gordon S.(2011)。The Impact of Corporate Social Responsibility on the Cost of Bank Loans。Journal of Banking and Finance,35(7),1794-1810。  new window
63.Ioannou, Ioannis、Serafeim, George(2015)。The Impact of Corporate Social Responsibility on Investment Recommendations: Analysts' Perceptions and Shifting Institutional Logics。Strategic Management Journal,36(7),1053-1081。  new window
64.Waddock, Sandra A.、Graves, Samuel B.(1997)。The Corporate Social Performance-Financial Performance Link。Strategic Management Journal,18(4),303-319。  new window
65.Campbell, John L.(2007)。Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility。The Academy of Management Review,32(3),946-967。  new window
66.Griffin, Jennifer J.、Mahon, John F.(1997)。The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research。Business and Society,36(1),5-31。  new window
67.Hillman, Amy J.、Keim, Gerald D.(2001)。Shareholder Value, Stakeholder Management, and Social Issues: What's the Bottom Line?。Strategic Management Journal,22(2),125-139。  new window
68.McWilliams, Abagail、Siegel, Donald S.(2001)。Corporate Social Responsibility: A theory of the Firm Perspective。Academy of Management Review,26(1),117-127。  new window
69.Cooper, Michael J.、Gutierrez, Roberto C. Jr.、Hameed, Allaudeen(2004)。Market States and Momentum。Journal of Finance,59(3),1345-1365。  new window
70.Simpson, W. Gary、Kohers, Theodor(2002)。The link between social and financial performance: evidence from the banking industry。Journal of business ethics,35(2),97-109。  new window
研究報告
1.Margolis, Joshua D.、Elfenbein, Hillary A.、Walsh, James P.(2009)。Does it Pay to Be Good... and Does it Matter? A Meta-Analysis of the Relationship between Corporate Social and Financial Performance。  new window
2.Deephouse, David L.(2003)。Stakeholder knowledge of corporate citizenship: Integrating reputation into the CSP/CFP Debate。  new window
3.Kim, Jeong-Bon、Shi, Haina(2010)。Voluntary IFRS adoption and stock price synchronicity: Do analyst following and institutional infrastructure matter?。  new window
圖書
1.Friedman, Benjamin M.(2006)。The Moral Consequences of Economic Growth。New York:Vintage Book。  new window
2.Freeman, Robert Edward(1984)。Strategic Management: A Stakeholder Approach。Pitman。  new window
其他
1.CSR Asia(2016)。A study on corporate social responsibility development and trends in China,http://www.swedenabr0ad.c0m/ImageVaultFiles/id.29016/cf.347/CSR-development-and-trends-in-China.WEBB.PDF。  new window
2.Dow Jones Sustainability Index(2019)。Measuring intangibles: Robecosam's corporate sustainability assessment methodology,https://assessments.robecosam.com/survey/documents/measuring.intangibles.csa-methodology.pdf。  new window
3.Noble, Josh(20150702)。Why are China's stock markets so volatile?。  new window
 
 
 
 
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