Abstract

http://ssrn.com/abstract=1032851
 
 

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Corporate Social Responsibility and Firms Performance - An Analysis on Italian Listed Companies


Giovanni Fiori


LUISS Guido Carli University

Francesca Di Donato


LUSPIO

Maria Federica Izzo


LUISS Guido Carli University

September 26, 2007


Abstract:     
Corporate social responsibility (CSR) is getting an increasingly important issue for economic agents all over the world, due to a new attention to all the aspects of firms activities and their relationships with stakeholders.

Also in Italy, the number of firms that prepare voluntary corporate social responsibility (CSR) reports (e.g. sustainability reports, environmental reports, environmental and social reports or corporate social responsibility reports) is increasing.

The purpose of this paper is to investigate the impact of the voluntary disclosure about Corporate Social Responsibility on firms stock prices of Italian listed companies in order to analyze if it can somehow contribute to increase the stock market prices.

Our empirical analysis will test the relation, during a period of three years, between corporate social responsibility (CSR) reports and firms stock prices, considering a sample of Italian listed companies.

Number of Pages in PDF File: 14

Keywords: CSR. Firms performance. listed companies

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Date posted: November 27, 2007  

Suggested Citation

Fiori, Giovanni and di Donato, Francesca and Izzo, Maria Federica, Corporate Social Responsibility and Firms Performance - An Analysis on Italian Listed Companies (September 26, 2007). Available at SSRN: http://ssrn.com/abstract=1032851 or http://dx.doi.org/10.2139/ssrn.1032851

Contact Information

Giovanni Fiori (Contact Author)
LUISS Guido Carli University ( email )
viale Pola 12
Roma, Roma 00198
Italy
Francesca Di Donato
LUSPIO ( email )
viale Pola 12
Via Colombo
Roma, IA Roma 00100
Italy
Maria Federica Izzo
LUISS Guido Carli University ( email )
viale Pola 12
Roma, Roma 00198
Italy
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