Do Good and Do Well: An Empirical Study of the MSCI World
(2017) NEKN02 20171Department of Economics
- Abstract
- The purpose of our study is to examine the effect of Corporate Social Responsibility on Corporate Financial Performance. We initially perform a multiple linear regression using Ordinary Least Square on an academically recurring model, and then apply cross sectional fixed effect to account for heterogeneity. Our panel data is composed of approximatively 1500 companies over a five year span, totalizing more than 10000 observations. A primary contribution that we make to the question is introducing country law regime as a control variable, based on Liang & Renneboog (2017) predicator model of CSR. We use Sustainalytics ratings to proxy for CSR as their analyses fulfill the latest academic requirement on the question. Mixed evidence of the... (More)
- The purpose of our study is to examine the effect of Corporate Social Responsibility on Corporate Financial Performance. We initially perform a multiple linear regression using Ordinary Least Square on an academically recurring model, and then apply cross sectional fixed effect to account for heterogeneity. Our panel data is composed of approximatively 1500 companies over a five year span, totalizing more than 10000 observations. A primary contribution that we make to the question is introducing country law regime as a control variable, based on Liang & Renneboog (2017) predicator model of CSR. We use Sustainalytics ratings to proxy for CSR as their analyses fulfill the latest academic requirement on the question. Mixed evidence of the effect of CSR on CFP is found, and we also confirm the significance of country law regime as a predicator. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8910210
- author
- Azar, Alexandre LU and Zhou, Heying
- supervisor
- organization
- course
- NEKN02 20171
- year
- 2017
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Corporate Social Responsibility Financial Performance Linear Regression Sustainalytics Rating Shareholder Theory Stakeholder
- language
- English
- id
- 8910210
- date added to LUP
- 2017-06-13 15:19:56
- date last changed
- 2017-06-13 15:19:56
@misc{8910210, abstract = {{The purpose of our study is to examine the effect of Corporate Social Responsibility on Corporate Financial Performance. We initially perform a multiple linear regression using Ordinary Least Square on an academically recurring model, and then apply cross sectional fixed effect to account for heterogeneity. Our panel data is composed of approximatively 1500 companies over a five year span, totalizing more than 10000 observations. A primary contribution that we make to the question is introducing country law regime as a control variable, based on Liang & Renneboog (2017) predicator model of CSR. We use Sustainalytics ratings to proxy for CSR as their analyses fulfill the latest academic requirement on the question. Mixed evidence of the effect of CSR on CFP is found, and we also confirm the significance of country law regime as a predicator.}}, author = {{Azar, Alexandre and Zhou, Heying}}, language = {{eng}}, note = {{Student Paper}}, title = {{Do Good and Do Well: An Empirical Study of the MSCI World}}, year = {{2017}}, }