The Cost of Corporate Social Responsibility after a Catastrophe
dc.contributor.author | Kayser, Susan A. | |
dc.date.accessioned | 2015-01-06T18:21:53Z | |
dc.date.available | 2015-01-06T18:21:53Z | |
dc.date.issued | 2015-05 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/109753 | |
dc.description.abstract | Catastrophes increase pressure upon all firms within the industry. However, certain firms risk larger punishments after the event. I posit that firms with substantive corporate social responsibility (CSR) initiatives will lose more firm-value after a catastrophe because they will be expected to engage in costly self-regulation to lessen pressure on the industry. I also argue that due to strategic activist targeting, firms subject to greater past activism will lose more firm-value. I develop my hypotheses by combining theories on the reputation commons problem, the value of CSR, and social movements. Using an event-study, I examine the apparel industry after the collapse of Rana Plaza. Results indicate that firms with substantive CSR initiatives and firms subject to greater activism lost more firm-value after the collapse. | en_US |
dc.subject | corporate social responsibility | en_US |
dc.subject | event study | en_US |
dc.subject | reputation commons problem | en_US |
dc.subject | activist pressure | en_US |
dc.subject | risk management | en_US |
dc.subject.classification | Business Economics | en_US |
dc.title | The Cost of Corporate Social Responsibility after a Catastrophe | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Business (General) | en_US |
dc.subject.hlbtoplevel | Business | |
dc.contributor.affiliationum | Ross School of Business | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/109753/1/1261_Kayser.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/109753/4/1261_Kayser.pdf | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/109753/5/1261_Kayser_May2015.pdf | |
dc.description.filedescription | Description of 1261_Kayser.pdf : updated cover page, Dec 2014 revision | |
dc.description.filedescription | Description of 1261_Kayser_May2015.pdf : May 2015 revision (new title) | |
dc.owningcollname | Business, Stephen M. Ross School of - Working Papers Series |
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