Corporate Social Responsibility And Its Impact On Shareholder Value: Empirical Evidence of the Value of FTSE4Good Europe Index Membership
We explore whether an investment in corporate social responsibility (CSR) is value creating for a firm’s shareholders. We start by establishing a relationship between CSR, corporate reputation and shareholder value. Assuming that membership in a recognized sustainability index signals a commitment to CSR to shareholders and potential investors, we explore both the short-term and intermediary impac