Document Type
Article
Abstract
A firm’s main goal is to add firm value. There are many ways to do this: increase sales, advertise, change management, and, possibly, doing good for the environment, employees, and others. The latter approach is often called corporate social responsibility. This paper tests to see if corporate social responsibility will reduce risk for a firm. There are two hypotheses created by Jo and Na (2012): the risk reduction hypothesis and the window-dressing hypothesis. Jo and Na conclude that corporate social responsibility in controversial firms can help reduce firm risk. However, my results do not show that.
Publication Date
Spring 2020
Journal Title
Major Themes in Economics
Volume
22
Issue
1
First Page
1
Last Page
14
Copyright
©2020 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Iehl, Emily
(2020)
"Can Doing Good Reduce Risk? Corporate Social Responsibility and Risk for Firms in Controversial Industries,"
Major Themes in Economics, 22, 1-14.
Available at:
https://scholarworks.uni.edu/mtie/vol22/iss1/3