21. Corporate Socially Responsible Investments

  1. H. Kent Baker and
  2. John R. Nofsinger
  1. John R. Becker-Blease

Published Online: 12 SEP 2012

DOI: 10.1002/9781118524015.ch21

Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists

Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists

How to Cite

Becker-Blease, J. R. (2012) Corporate Socially Responsible Investments, in Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists (eds H. K. Baker and J. R. Nofsinger), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118524015.ch21

Author Information

  1. Assistant Professor of Finance, Oregon State University

Publication History

  1. Published Online: 12 SEP 2012
  2. Published Print: 28 AUG 2012

ISBN Information

Print ISBN: 9781118100097

Online ISBN: 9781118524015

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Keywords:

  • corporate social responsibility;
  • stakeholders;
  • investments

Summary

Corporations making socially responsible investments have attracted considerable interest in the popular press over the past several decades. The impact of these decisions on corporate value and the intended beneficiaries is the subject of a substantial academic literature in management and economics, and a small but growing literature in finance. Researchers suggest five potential sources of long-term value from corporate social responsibility (CSR) focused investments. This chapter reviews the literature associated with each potential source of value, and concludes that the preponderance of evidence is consistent with the hypothesis that CSR-focused investments are associated with long-term value creation.