Corporate Social Responsibility and Stock Resilience. An Examination of European Companies during the COVID-19 Crisis

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Publisher : GRIN Verlag
ISBN 13 : 3346995704
Total Pages : 104 pages
Book Rating : 4.3/5 (469 download)

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Book Synopsis Corporate Social Responsibility and Stock Resilience. An Examination of European Companies during the COVID-19 Crisis by : Julian Veil

Download or read book Corporate Social Responsibility and Stock Resilience. An Examination of European Companies during the COVID-19 Crisis written by Julian Veil and published by GRIN Verlag. This book was released on 2024-01-17 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2022 in the subject Business economics - Investment and Finance, grade: 1,0, University of Frankfurt (Main) (Institute for Management and Microeconomics), language: English, abstract: In December 2019, the world confronted the outbreak of the SARS-CoV-2 virus, leading to the global spread of COVID-19. The subsequent pandemic, declared by the World Health Organization on March 11, 2020, triggered unprecedented economic uncertainty, causing substantial upheaval in financial markets worldwide. Major indices, including the S&P 500 and DAX 30, recorded significant losses within a short span. This paper examines the role of corporate social responsibility (CSR) in influencing stock performance during the COVID-19 crisis, focusing on European companies. CSR, defined as "the responsibility of enterprises for their impact on society" by the European Commission, has been suggested as a potential factor in protecting shareholder wealth during crises. The study aims to assess whether companies engaged in CSR activities exhibit better resilience during economic downturns. The research question driving this study is straightforward: Can engagement in corporate social responsibility shield shareholder wealth from the adverse effects of an economic crisis, mitigating tail risk for European companies? To answer this question, the study analyzes the performance of 428 European companies during the COVID-19 crisis (February 20 - March 23, 2020) and the subsequent recovery period (March 24 - December 31, 2020). The methodology involves cross-sectional regressions, considering performance measures such as abnormal and raw stock returns, as well as idiosyncratic and stock volatility. CSR performance is approximated using Refinitiv's environmental, social, and governance (ESG) scores for 2019. The analysis includes a set of control variables covering risk, accounting metrics, and corporate governance measures. This study contributes to the existing literature by exploring the relationship between CSR engagement and stock performance, specifically in the context of the COVID-19 crisis. The subsequent sections delve into the literature review, data description, methodology, empirical results, and a detailed discussion of the findings.

Corporate Responsibility and Sustainability during the Coronavirus Crisis

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Author :
Publisher : Springer Nature
ISBN 13 : 3030738477
Total Pages : 250 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Corporate Responsibility and Sustainability during the Coronavirus Crisis by : Anna Sörensson

Download or read book Corporate Responsibility and Sustainability during the Coronavirus Crisis written by Anna Sörensson and published by Springer Nature. This book was released on 2021-06-24 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to understand how society and businesses are affected by, and respond to, the coronavirus crisis in various parts of the world. The volume explores: new CSR perspectives given the pandemic situation; SME perspectives and responsibility during the early stages of the pandemic; how large companies responded to the crisis; the challenges and opportunities provided by the use of digital technologies; and how leaders, entrepreneurs and individuals manage in uncertain times. Pulling together conceptual and empirical studies from Spain, Mexico, Sweden, Nigeria, Ghana and Kuwait , the book offers a truly international perspective as it examines how the pandemic has challenged a number of existing CSR assumptions, concepts and practices. It will be valuable reading for academics working in the fields of management, CSR, sustainability and crisis management. Anna Sörensson is assistant professor and researcher in Department of Economics, Geography, Law and Tourism at Mid Sweden University, Sweden. Besrat Tesfaye is Associate Professor of Business Administration at Södertörn University, Sweden. Anders Lundström is professor emeritus at Mid Sweden University and managing director at the IPREG (The Institute of Innovative Entrepreneurship), Sweden. Georgiana Grigore is Associate Professor in Marketing at University of Leicester, UK. Alin Stancu is Professor at the Bucharest University of Economic Studies, Romania.

Economic Resilience and Pandemic Response

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1040099424
Total Pages : 283 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Economic Resilience and Pandemic Response by : Agnieszka Rzepka

Download or read book Economic Resilience and Pandemic Response written by Agnieszka Rzepka and published by Taylor & Francis. This book was released on 2024-08-05 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic upended our social and economic lives. Lockdowns forced firms to implement health and safety protocols, employees to work from home, and businesses of all sorts to close. Even as lockdowns eased, the landscape of work, commerce, leisure, and education was irrevocably transformed. While in many ways life has returned to normal, many of the changes wrought by the pandemic are here to stay. This book presents research on these transformations, examining how the economy and society were impacted. Organizing different aspects of the pandemic into individual chapters, this book examines issues such as financing structures, liquidity, profitmaking, investment, financial security, and market valuation, among other topics. Reflecting deep research as well as an extensive review of the literature, each chapter provides not just theoretical and empirical insight but also a set of policy recommendations to insure against similar crises in the future. Encompassing a range of case studies, it outlines strategies for dealing with the manifold challenges of today’s business environment. This book showcases the development of particular sectors over the course of the pandemic, and as such, serves as a valuable study, enabling a comprehensive analysis of topics ranging from economics to social dynamics. It provides a deep understanding of this unique period's wide-ranging challenges and transformations and underscores the central economic concern of the pandemic's effect on economic security, a topic discussed throughout several chapters. Furthermore, it includes a discussion on the broader scope of “polycrisis". This volume was designed to appeal to a wide range of readers interested in economics, management, regional studies, and related fields.

Corporate Social Responsibility in Times of Crisis

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Author :
Publisher : Springer
ISBN 13 : 3319528394
Total Pages : 289 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Corporate Social Responsibility in Times of Crisis by : Samuel O. Idowu

Download or read book Corporate Social Responsibility in Times of Crisis written by Samuel O. Idowu and published by Springer. This book was released on 2017-03-27 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores national and transnational companies' Corporate Social Responsibility (CSR) activities in times and settings in which they are confronted with economic and social challenges and analyzes these situations, ranging from the financial crisis to fourth generation sustainability. Presenting a number of different cases from various parts of Europe, North America and Africa, it showcases how companies respond to the challenges of the development, consultation, implementation, integration, measurement and consolidation of CSR. Further it specifies how these corporations deal with uncertainties over corporate and financial resources, global financial stability and growing evidence for climate change. The book describes CSR adaptation under challenging circumstances and argues for the strategic and operative legitimation of Corporate Social Responsibility in times of crisis.

Corporate Social Responsibility in the Health Sector

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Publisher : Springer Nature
ISBN 13 : 3031232615
Total Pages : 386 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Corporate Social Responsibility in the Health Sector by : Samuel O. Idowu

Download or read book Corporate Social Responsibility in the Health Sector written by Samuel O. Idowu and published by Springer Nature. This book was released on 2023-02-28 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pandemic that struck in late 2019 - the coronavirus, commonly referred to as COVID-19 - affected every country in the world. This book examines how the pandemic has impacted healthcare institutions worldwide, and focuses on the international experience of COVID-19 in terms of healthcare delivery since 2019 and today. It highlights how healthcare facilities around the world have managed and continue to manage their obligations to their citizens. The book’s goal is to improve our understanding of the many negative and positive impacts of the pandemic on various aspects of our lives, including the health aspect, and how healthcare institutions could expand their ability to manage similar pandemics in the future without seriously compromising their ability to address other, regular health issues. At the same time, it takes a closer look at CSR, sustainability, ethics, and governance issues related to the pandemic, as well as current CSR practices in each of the countries reviewed. Given its scope, the book will be of interest to a broad readership including researchers, practitioners, and students concerned with the pandemic’s societal and public health implications.

Corporate Social Hypocrisy

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Publisher : Taylor & Francis
ISBN 13 : 1000911233
Total Pages : 162 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Corporate Social Hypocrisy by : Dalia Steimikiene

Download or read book Corporate Social Hypocrisy written by Dalia Steimikiene and published by Taylor & Francis. This book was released on 2023-07-07 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many new challenges including competitiveness are emerging for sustainable business during this era of disruption. This book analyses these challenges to sustainable development and growth and addresses the impact of corporate social responsibility on the competitiveness of organisations. The authors analyze the major challenges for competitiveness of sustainable business in the COVID-19 era, taking into account a new business environment amid major global risks and uncertainties linked to climate change, pandemics, Russian-Ukrainian war, and intuitions of forthcoming new world economic crisis. The monograph consists of five parts: 1) sustainable development goals and the role of business; 2) climate change, COVID-19, fragile political situation, and business; 3) corporate social responsibility and corporate social hypocrisy; 4) corporate social responsibility, corporate social hypocrisy, and competitiveness of business; and 5) case study on the impact of corporate social responsibility on competitiveness with the impediments of corporate social hypocrisy. The book presents new insights in assessing the impact of CSR on competitiveness of companies with the impediments of corporate social hypocrisy. The developed framework and case study allows to develop valuable policy and managerial implications for sustainable business and engagements in corporate social responsibility as well as to show the danger of corporate social hypocrisy for competitiveness. This book will be of value to researchers, academics, and students in the fields of corporate social responsibility, organizational management, business ethics, and responsible business.

Business Resilience in the Pandemic and Beyond

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Publisher : European Investment Bank
ISBN 13 : 9286150873
Total Pages : 266 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis Business Resilience in the Pandemic and Beyond by : European Investment Bank

Download or read book Business Resilience in the Pandemic and Beyond written by European Investment Bank and published by European Investment Bank. This book was released on 2022-05-18 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 set new challenges for the economies in Eastern Europe and Central Asia. Strong policy and fiscal support allowed businesses to stay afloat, with firms making long strides in innovation and in becoming global suppliers. This report examines the pandemic's business impact, trade and innovation, green economy and the financial gaps in this region. The report's analysis is based on the EBRD-EIB-WBG Enterprise Survey 2019, covering over 28 000 registered firms, and the first round of the COVID-19 Follow-up Enterprise Surveys, with over 16 000 firms.

Corporate Sustainability in Times of Virus Crises

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Author :
Publisher : Springer Nature
ISBN 13 : 9811990794
Total Pages : 279 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Corporate Sustainability in Times of Virus Crises by : Kıymet Tunca Çalıyurt

Download or read book Corporate Sustainability in Times of Virus Crises written by Kıymet Tunca Çalıyurt and published by Springer Nature. This book was released on 2023-05-05 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the effect of biological risk on business and management by considering case studies from Malaysia, Lebanon, and G20 countries during the COVID-19 pandemic. Covering a wide range of topics, such as effects of virus risk on corporate sustainability, COVID-19 and CSR activities, governance practices and regulations for derivative products in emerging markets, risk management during a pandemic, and AI applications in the health sector, this book assists top management in redesigning business models and organisational management in a post-pandemic world and in becoming better equipped to tackle future biological risks or pandemic events.

Corporate Social Responsibility in Difficult Times

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Publisher : Springer Nature
ISBN 13 : 9819925916
Total Pages : 249 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Corporate Social Responsibility in Difficult Times by : David Crowther

Download or read book Corporate Social Responsibility in Difficult Times written by David Crowther and published by Springer Nature. This book was released on 2023-06-30 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been fairly traumatic for everyone and every organization over the last couple of years as we have had to deal with the coronavirus pandemic. It has certainly been a shock to the economic system of the world from which many are still recovering. Equally it has affected social systems and the environment, the effects of which are still being felt and will be felt for some time to come. In addition, there has been a fairly general economic crisis around the world as people struggle and adapt to the new environment. Certainly, there have been and will be changes which are likely to become permanent. While recovering from one crisis however another is becoming more significant as climate change and its effects start to become ever more apparent. So, it seems inevitable that difficult times will continue into the future. This book therefore sets out to examine aspects of the changes to corporate and institutional behaviour which have come about by the difficult times of needing to deal with past and future crises. The international origins of the contributors to this volume make this very original, taking some of the best ideas from around the world. This approach is based on the tradition of the Social Responsibility Research Network (SRRNet.org), which in its 20-year history has sought to broaden the discourse and to treat all research as inter-related and relevant to business. This tradition has always been to explore the subject widely and to seek relevant solutions, while also sharing best practice.

Developing Corporate Social Responsibility

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958728
Total Pages : 284 pages
Book Rating : 4.9/5 (587 download)

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Book Synopsis Developing Corporate Social Responsibility by : Francesco Perrini

Download or read book Developing Corporate Social Responsibility written by Francesco Perrini and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Perrini et al provide a detailed, authoritative look at the evolving European perspective on corporate social responsibility. They show how Europe has moved from follower status to leading edge practice. The book is the best current indicator of what the next stages of CSR will look like.' - Thomas W. Dunfee, University of Pennsylvania, US The rapidly increasing attention devoted to Corporate Social Responsibility (CSR) has resulted in the term 'CSR' being applied to myriad dissimilar phenomena. The authors therefore aim to dispel this confusion by presenting a multi-faceted view of socially responsible corporate behavior and related themes. They provide a conceptualization of CSR that emphasizes the role of the adoption and implementation of specific CSR strategies and their impact on corporate social and economic performance.

Economic Policy, COVID-19 and Corporations

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Author :
Publisher :
ISBN 13 : 9781003345428
Total Pages : 0 pages
Book Rating : 4.3/5 (454 download)

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Book Synopsis Economic Policy, COVID-19 and Corporations by : Katarzyna Mroczek-Dąbrowska

Download or read book Economic Policy, COVID-19 and Corporations written by Katarzyna Mroczek-Dąbrowska and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book addresses the economic impact of the COVID-19 outbreak on Central and East European countries and examines the effect the pandemic has had on organizations in the region. It focuses on the widely understood business environment, covering companies' responses to the crisis, the role of institutions in stabilizing markets, and the reshaping of global business trends. The book is a complex and multidimensional work that draws its roots from distinct yet simultaneously interlinked research areas. All of the chapters, whether they refer to macro-, meso- or micro-perspectives, always highlight how crises - global and regional - change the global trends we have observed in business in the last 20 years. The book includes the most topical issues that delineate public discourse on firms' resilience. In this way, it 'connects the dots' and uncovers the missing links necessary for any reader wishing to understand the specificity of contemporary companies' responses to unexpected events such as pandemics or geopolitical crises. Further, it tackles questions such as what role institutions play in building the adaptive capacity of companies, how companies build their resilience capacity for 21st century crises and what the significance of the uncertainty, the information asymmetry, and the bounded rationality concept on the company's decision-making process is. The book will find a broad audience among academics and students across diverse fields of study, as well as practitioners and policymakers. It is a key reference for all those who want to better understand the complex nature of uncertainty, crisis management, and its implications, not only for CEE countries but, first and foremost, the business environment"--

Essential Issues in Corporate Social Responsibility

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Publisher : Springer Nature
ISBN 13 : 3030392295
Total Pages : 268 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Essential Issues in Corporate Social Responsibility by : Samuel O. Idowu

Download or read book Essential Issues in Corporate Social Responsibility written by Samuel O. Idowu and published by Springer Nature. This book was released on 2020-04-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest evidence on, and new approaches to, the development of Corporate Social Responsibility in emerging and established economies. To do so, it examines a broad range of industries, from fashion to banking, and various aspects, like accounting, information security, and human resource management. Special emphasis is placed on the role of education. The case studies gathered here analyse both small and medium sized companies, as well as listed enterprises. The book is a valuable resource for researchers in the fields of sustainability and corporate responsibility, provides student teaching cases for courses on CSR and sustainable management, and offers blueprints for professionals seeking guidance and inspiration on their path towards responsible business operations.

Sustainable Finance and the Global Health Crisis

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Publisher : Taylor & Francis
ISBN 13 : 1000921638
Total Pages : 305 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Sustainable Finance and the Global Health Crisis by : Pasquale Marcello Falcone

Download or read book Sustainable Finance and the Global Health Crisis written by Pasquale Marcello Falcone and published by Taylor & Francis. This book was released on 2023-08-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The speed with which the various economies recover from the Covid-19 pandemic will significantly determine the economic pressure placed on the environment in the medium-to-long-term. Furthermore, the pandemic has highlighted the strong interrelations between natural and societal systems, with societal resilience depending on a resilient environmental support system. In this context, the book argues that the pandemic represents a wake-up call for financial systems to be better prepared for the climate crisis and social risk, and has provided a stimulus to scale down the reliance of the global economy on fossil fuels. The first part of the book provides a deep and creative discussion between leading international researchers and experts on the policy options and financial instruments which can help to catalyze the green finance transition in the post-Covid-19 era. The contributions show that sustainable finance is emerging as a powerful tool to advance the transition towards a more environmentally and socially sustainable economic model. Instruments such as sovereign green bonds, green securities, and other sustainability-related securities can play a significant role in the post-Covid-19 world to fund economic stimulus and to lead the way to new and more sustainable future. The second part of the book supports the debate by highlighting a number of selected case studies on financing transitions in different regional contexts including Africa, Asia, Europe, and Latin America. The book marks a significant contribution to the literature on environmental economics and finance, climate change, and sustainability transitions. Chapter 12 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Business Resilience in the Pandemic and Beyond

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Author :
Publisher :
ISBN 13 : 9789286150869
Total Pages : pages
Book Rating : 4.1/5 (58 download)

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Book Synopsis Business Resilience in the Pandemic and Beyond by :

Download or read book Business Resilience in the Pandemic and Beyond written by and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 set new challenges for the economies in Eastern Europe and Central Asia. Strong policy and fiscal support allowed businesses to stay afloat, with firms making long strides in innovation and in becoming global suppliers. This report examines the pandemic's business impact, trade and innovation, green economy and the financial gaps in this region. The report's analysis is based on the EBRD-EIB-WBG Enterprise Survey 2019, covering over 28 000 registered firms, and the first round of the COVID-19 Follow-up Enterprise Surveys, with over 16 000 firms.

Corporate Social Responsibility in Times of Geopolitical Uncertainty

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Author :
Publisher : Ethics International Press
ISBN 13 : 1804416126
Total Pages : 237 pages
Book Rating : 4.8/5 (44 download)

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Book Synopsis Corporate Social Responsibility in Times of Geopolitical Uncertainty by : Mariia Domina

Download or read book Corporate Social Responsibility in Times of Geopolitical Uncertainty written by Mariia Domina and published by Ethics International Press. This book was released on 2024-08-30 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses the evolving nature of corporate social responsibility in times of geopolitical uncertainty. This uncertainty is prompted by geopolitical risks faced by modern companies, such as the COVID-19 pandemic and climate change, as well as social and economic consequences of wars in Ukraine and elsewhere. Such geopolitical risks undeniably raise questions as to what the new “ethical” norm of corporate conduct should be. This book strives to evaluate the effectiveness of European legal approach regarding the conduct of commercial companies in the times of geopolitical uncertainty. Amongst jurisdictions considered in the book, a particular attention is paid to France. It is one of the leading European countries when it comes to the regulation of corporate conduct vis-à-vis the interests of a large group of stakeholders. As a case study to assess the effectiveness of European legal approach, the book looks at the geopolitical risks provoked by the war in Ukraine. This unique and timely study fills a void in this important area of research by exploring key arguments related to what corporate conduct is, or should be considered as “ethical” in times of geopolitical uncertainty.

Corporate Social Responsibility in the Post-Financial Crisis Era

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Author :
Publisher : Springer
ISBN 13 : 3319400967
Total Pages : 279 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Corporate Social Responsibility in the Post-Financial Crisis Era by : Anastasios Theofilou

Download or read book Corporate Social Responsibility in the Post-Financial Crisis Era written by Anastasios Theofilou and published by Springer. This book was released on 2016-12-10 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together normative and instrumental CSR conceptualizations, practice based examples and international case studies, this edited volume brings together important contributions on the conceptualizations of CSR post financial crisis. Including coverage of a variety of practices in developing and developed contexts, industry-specific activities, business ethics and sustainable development issues, Corporate Social Responsibility in the Post-Financial Crisis brings together a variety of perspectives to provide knowledge and understanding across contexts.

Future Advancements for CSR and the Sustainable Development Goals in a Post-COVID-19 World

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Author :
Publisher : IGI Global
ISBN 13 : 1799880672
Total Pages : 355 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Future Advancements for CSR and the Sustainable Development Goals in a Post-COVID-19 World by : Pérez, Andrea

Download or read book Future Advancements for CSR and the Sustainable Development Goals in a Post-COVID-19 World written by Pérez, Andrea and published by IGI Global. This book was released on 2021-09-17 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 global pandemic has had a profound impact on the global business community. Amidst the ongoing crisis, countries around the world are opening up again to a business world in which both consumer behaviors and company practices have started to change. Numerous companies are using corporate social responsibility to demonstrate their commitment to fighting against COVID-19 and alleviating the negative consequences of the pandemic for their stakeholders; due to this, corporate social responsibility is expected to become a core issue for managers and researchers in the post-pandemic era. Future Advancements for CSR and the Sustainable Development Goals in a Post-COVID-19 World discusses the challenges and opportunities of corporate social responsibility and studies the reactions to the COVID-19 global pandemic that may lead to changes in corporate social responsibility, corporate approaches to sustainable development goals, and stakeholders' reactions to the post-COVID-19 era. This book addresses the opportunities for businesses to shift towards more genuine and authentic corporate social responsibility that contributes to addressing urgent social and environmental challenges. Covering topics from social entrepreneurship typologies to sustainability leaders, this book is ideal for managers, executives, entrepreneurs, business professionals and practitioners, policymakers, academicians, researchers, and students.