The Relationship Between Corporate Social Responsibility and Shareholder Value: An Empirical Test of the Risk Management Hypothesis
Summary
Do shareholders gain when managers disperse corporate resources through activities classified as corporate social responsibility (CSR) Strategy scholars have recently developed a theoretical model that links such activities to shareholder value when a firm suffers a negative event.

Do shareholders gain when managers disperse corporate resources through activities classified as corporate social responsibility (CSR) Strategy scholars have recently developed a theoretical model that links such activities to shareholder value when a firm suffers a negative event.