TITLE

Research Notes. CORPORATE SOCIAL RESPONSIBILITY AND STOCK MARKET PERFORMANCE

AUTHOR(S)
Alexander, Gordon J.; Buchholz, Rogene A.
PUB. DATE
September 1978
SOURCE
Academy of Management Journal;Sep78, Vol. 21 Issue 3, p479
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article examines the relationship between social responsibility and stock market performance of corporations in the U.S. for the period 1970-1974. Risk measures and differential returns of the securities in the social responsibility surveys were calculated for the five-year sample period 1970- 1974 and a three-year subperiod 1971-1973. The measures of differential return were ranked in descending order over the five and three-year periods. Rank order correlations were calculated between survey rank and differential return rank. These correlations indicate a low insignificant relationship between risk-adjusted performance and degree of social responsibility.
ACCESSION #
4408124

Tags: SOCIAL responsibility of business;  STOCK exchanges;  FINANCIAL performance;  BUSINESS ethics;  CORPORATIONS;  MANAGEMENT science;  CORRELATION (Statistics);  RANKING;  WAGE differentials

 

Related Articles

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics