ESG Performance and Systemic Risk Nexus: Role of Firm-Specific Factors in Indian Companies
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Darren D. Lee & Robert W. Faff, 2009. "Corporate Sustainability Performance and Idiosyncratic Risk: A Global Perspective," The Financial Review, Eastern Finance Association, vol. 44(2), pages 213-237, May.
- Becchetti, Leonardo & Ciciretti, Rocco & Dalò, Ambrogio, 2018.
"Fishing the Corporate Social Responsibility risk factors,"
Journal of Financial Stability, Elsevier, vol. 37(C), pages 25-48.
- Leonardo Becchetti & Rocco Ciciretti & Ambrogio D'Alò, 2016. "Fishing the Corporate Social Responsibility Risk Factors," CEIS Research Paper 368, Tor Vergata University, CEIS, revised 07 Feb 2017.
- Joliet, Robert & Titova, Yulia, 2018.
"Equity SRI funds vacillate between ethics and money: An analysis of the funds’ stock holding decisions,"
Journal of Banking & Finance, Elsevier, vol. 97(C), pages 70-86.
- Robert Joliet & Yulia Titova, 2018. "Equity SRI funds vacillate between ethics and money: an analysis of the funds' stock holding decisions," Post-Print hal-01914880, HAL.
- Tamara Teplova & Tatiana Sokolova & Sergei Gurov, 2024. "Do ESG Factors Prove Significant Predictors of Systematic and Downside Risks in the Russian Market after Controlling for Stock Liquidity?," JRFM, MDPI, vol. 17(4), pages 1-18, April.
- Costanza Torricelli & Beatrice Bertelli, 2022. "ESG screening strategies and portfolio performance: how do they fare in periods of financial distress?," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0087, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
- Mahender Yadav & Mohit Saini, 2023. "Environmental, social and governance literature: a bibliometric analysis," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 15(2), pages 231-254.
- Kim, Yongtae & Li, Haidan & Li, Siqi, 2014. "Corporate social responsibility and stock price crash risk," Journal of Banking & Finance, Elsevier, vol. 43(C), pages 1-13.
- Lööf, Hans & Sahamkhadam, Maziar & Stephan, Andreas, 2022.
"Is Corporate Social Responsibility investing a free lunch? The relationship between ESG, tail risk, and upside potential of stocks before and during the COVID-19 crisis,"
Finance Research Letters, Elsevier, vol. 46(PB).
- Lööf, Hans & Sahamkhadam, Maziar & Stephan, Andreas, 2021. "Is Corporate Social Responsibility investing a free lunch? The relationship between ESG, tail risk, and upside potential of stocks before and during the COVID-19 crisis," Working Paper Series in Economics and Institutions of Innovation 488, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Mohammed Benlemlih & Mohammad Bitar, 2018. "Corporate Social Responsibility and Investment Efficiency," Journal of Business Ethics, Springer, vol. 148(3), pages 647-671, March.
- Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Shantanu Dutta & Supriya Katti & B. V. Phani & Pengcheng Zhu, 2022. "Corporate social responsibility spending as a building block for sustainable corporate ethical identity: Lessons from Indian business groups," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 696-717, April.
- Krishnamurti, Chandrasekhar & Shams, Syed & Pensiero, Domenico & Velayutham, Eswaran, 2019. "Socially responsible firms and mergers and acquisitions performance: Australian evidence," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
- Roy Cerqueti & Rocco Ciciretti & Ambrogio Dalò & Marco Nicolosi, 2022.
"Mitigating Contagion Risk by ESG Investing,"
Sustainability, MDPI, vol. 14(7), pages 1-13, March.
- Roy Cerqueti & R. Ciciretti & A. Dalo & M. Nicolosi, 2022. "Mitigating contagion risk by ESG investing," Post-Print hal-03788991, HAL.
- Cerqueti, Roy & Ciciretti, Rocco & Dalò, Ambrogio & Nicolosi, Marco, 2021.
"ESG investing: A chance to reduce systemic risk,"
Journal of Financial Stability, Elsevier, vol. 54(C).
- Roy Cerqueti & Rocco Ciciretti & Ambrogio Dalò & Marco Nicolosi, 2020. "ESG Investing: A Chance To Reduce Systemic Risk," CEIS Research Paper 498, Tor Vergata University, CEIS, revised 04 Aug 2020.
- Roy Cerqueti & R. Ciciretti & A. Dalo & M. Nicolosi, 2021. "ESG Investing: A Chance To Reduce Systemic Risk," Post-Print hal-03789135, HAL.
- Cerqueti, Roy & Ciciretti, Rocco & Dalò, Ambrogio & Nicolosi, Marco, 2022.
"A new measure of the resilience for networks of funds with applications to socially responsible investments,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 593(C).
- Roy Cerqueti & R. Ciciretti A. Dalo, M. Nicolosi, 2022. "A new measure of the resilience for networks of funds with applications to socially responsible investments," Post-Print hal-03789131, HAL.
- Curcio, Domenico & Gianfrancesco, Igor & Onorato, Grazia & Vioto, Davide, 2024. "Do ESG scores affect financial systemic risk? Evidence from European banks and insurers," Research in International Business and Finance, Elsevier, vol. 69(C).
- Shiyu Wu & Xinyi Li & Xiaosen Du & Zexin Li, 2022. "The Impact of ESG Performance on Firm Value: The Moderating Role of Ownership Structure," Sustainability, MDPI, vol. 14(21), pages 1-22, November.
- Bai Xue & Zhuang Zhang & Pingli Li, 2020. "Corporate environmental performance, environmental management and firm risk," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1074-1096, March.
- Amos Sodjahin & Claudia Champagne & Frank Coggins & Roland Gillet, 2017.
"Leading or lagging indicators of risk? The informational content of extra-financial performance scores,"
Journal of Asset Management, Palgrave Macmillan, vol. 18(5), pages 347-370, September.
- Roland Gillet & Amos Sodjahin & Claudia Champagne & Frank Coggins, 2017. "Leading or lagging indicators of risk? The informational content of extra-financial performance scores," Post-Print hal-03690817, HAL.
- Shih, Yi-Cheng & Wang, Yao & Zhong, Rui & Ma, Yi-Ming, 2021. "Corporate environmental responsibility and default risk: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
- Thuy Thi Thu Truong & Jungmu Kim, 2019. "Do Corporate Social Responsibility Activities Reduce Credit Risk? Short and Long-Term Perspectives," Sustainability, MDPI, vol. 11(24), pages 1-16, December.
- Paolo Capelli & Federica Ielasi & Angeloantonio Russo, 2021. "Forecasting volatility by integrating financial risk with environmental, social, and governance risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(5), pages 1483-1495, September.
- Sebastian Utz, 2018. "Over‐investment or risk mitigation? Corporate social responsibility in Asia‐Pacific, Europe, Japan, and the United States," Review of Financial Economics, John Wiley & Sons, vol. 36(2), pages 167-193, April.
- Ashrafee Hossain & Samir Saadi & Abu S. Amin, 2023. "Does CEO Risk-Aversion Affect Carbon Emission?," Journal of Business Ethics, Springer, vol. 182(4), pages 1171-1198, February.
- Boubaker, Sabri & Cellier, Alexis & Manita, Riadh & Saeed, Asif, 2020. "Does corporate social responsibility reduce financial distress risk?," Economic Modelling, Elsevier, vol. 91(C), pages 835-851.
- Wu, Chia-Ming & Hu, Jin-Li, 2019. "Can CSR reduce stock price crash risk? Evidence from China's energy industry," Energy Policy, Elsevier, vol. 128(C), pages 505-518.
- Tang, Chia-Hsien & Lee, Yen-Hsien & Hsiao, Ming-Chun & Liu, Hung-Chun, 2024. "Exploring the impact of ESG components, CEO characteristics, and organizational themes on downside risk: Insights from Chinese firms," Finance Research Letters, Elsevier, vol. 61(C).
- Florian Habermann & Felix Bernhard Fischer, 2023. "Corporate Social Performance and the Likelihood of Bankruptcy: Evidence from a Period of Economic Upswing," Journal of Business Ethics, Springer, vol. 182(1), pages 243-259, January.
- Asif Saeed & Qasim Zureigat, 2020. "Corporate Social Responsibility, Trade Credit and Financial Crisis," JRFM, MDPI, vol. 13(7), pages 1-23, July.
- Yadong Wang & Khaldoon Albitar & Imad Chbib, 2024. "Connecting the dots: A systematic review of corporate social responsibility, information asymmetry, and economic implications," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 5012-5031, September.
More about this item
Keywords
ESG performance; systemic risk; firm size; cost of debt; firm age; systemic risk sensitivity; Capital Asset Pricing Model;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:17:y:2024:i:9:p:381-:d:1463520. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.