Caroline Flammer

Columbia University

Professor of International and Public Affairs

420 West 118th Street

Office 1429

New York, NY NY 10027

United States

http://www.columbia.edu/~cf2870/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Columbia University

  • National Bureau of Economic Research (NBER)

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

19

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Rank 1,362

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Top 1,362

in Total Papers Downloads

39,453

TOTAL CITATIONS
Rank 1,229

SSRN RANKINGS

Top 1,229

in Total Papers Citations

862

Scholarly Papers (19)

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1.

Corporate Green Bonds

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 27 Feb 2018 Last Revised: 16 Apr 2020
Caroline Flammer
Columbia University
Downloads 11,059 (979)
Citation 339

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sustainable finance, climate change, green bonds, impact investing, corporate sustainability, environment

2.

Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach

Number of pages: 46 Posted: 14 Sep 2012 Last Revised: 27 Oct 2013
Caroline Flammer
Columbia University
Downloads 6,412 (2,423)
Citation 119

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corporate social responsibility; financial performance; regression discontinuity; shareholder proposals

3.

(Diversity) Equity and Inclusion

Downloads 6,044 ( 2,673)

(Diversity) Equity and Inclusion

FEB-RN Research Paper No. 07/2024, European Corporate Governance Institute – Finance Working Paper No. 913/2023, Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2023
Number of pages: 57 Posted: 01 May 2023 Last Revised: 03 Sep 2024
Alex Edmans, Caroline Flammer and Simon Glossner
London Business School - Institute of Finance and Accounting, Columbia University and Board of Governors of the Federal Reserve System
Downloads 6,024 (2,658)

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Diversity, Equity, Inclusion, ESG, CSR, Responsible Business, DEI

Diversity, Equity, and Inclusion

NBER Working Paper No. w31215
Number of pages: 49 Posted: 08 May 2023 Last Revised: 22 May 2023
Alex Edmans, Caroline Flammer and Simon Glossner
London Business School - Institute of Finance and Accounting, Columbia University and Board of Governors of the Federal Reserve System
Downloads 20 (1,051,633)
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4.

Corporate Social Responsibility and Shareholder Value: The Environmental Consciousness of Investors

Number of pages: 29 Posted: 20 Jul 2011
Caroline Flammer
Columbia University
Downloads 2,221 (13,957)
Citation 57

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corporate social responsibility, shareholder value, event study, environment

5.

Corporate Governance and the Rise of Integrating Corporate Social Responsibility Criteria in Executive Compensation: Effectiveness and Implications for Firm Outcomes

Number of pages: 40 Posted: 01 Sep 2016 Last Revised: 30 Dec 2018
Caroline Flammer, Bryan Hong and Dylan Minor
Columbia University, Henry W. Bloch School of Management, University of Missouri-Kansas City and Anderson School of Management (UCLA)
Downloads 2,186 (14,280)
Citation 68

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corporate governance, corporate social responsibility, executive compensation, managerial incentives, long-term orientation

6.

Strategic Management during the Financial Crisis: How Firms Adjust their Strategic Investments in Response to Credit Market Disruptions

Number of pages: 60 Posted: 22 Jun 2015 Last Revised: 03 Nov 2020
Caroline Flammer and Ioannis Ioannou
Columbia University and London Business School - Department of Strategic & International Management
Downloads 2,182 (14,318)
Citation 31

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financial crisis; competitive strategy; corporate social responsibility; innovation; employment; physical capital; financial performance

7.

Biodiversity Finance

Downloads 2,109 (15,117)
Citation 1

Biodiversity Finance

European Corporate Governance Institute – Finance Working Paper No. 901/2023
Number of pages: 69 Posted: 10 Mar 2023 Last Revised: 01 Dec 2024
Caroline Flammer, Thomas Giroux and Geoffrey M. Heal
Columbia University, CREST-ENSAE and Columbia University - Columbia Business School, Finance
Downloads 2,093 (15,014)
Citation 1

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biodiversity finance, natural capital, blended finance, impact investing, sustainable finance, public good

Biodiversity Finance

NBER Working Paper No. w31022
Number of pages: 64 Posted: 13 Mar 2023 Last Revised: 07 Apr 2023
Caroline Flammer, Thomas Giroux and Geoffrey M. Heal
Columbia University, CREST-ENSAE and Columbia University - Columbia Business School, Finance
Downloads 16 (1,099,838)

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8.

Shareholder Activism and Firms' Voluntary Disclosure of Climate Change Risks

Number of pages: 62 Posted: 22 Oct 2019 Last Revised: 26 Apr 2021
Caroline Flammer, Michael W. Toffel and Kala Viswanathan
Columbia University, Harvard Business School and Harvard University - Business School (HBS)
Downloads 1,888 (18,056)
Citation 10

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shareholder activism, climate risk, climate change, corporate disclosure, corporate governance

9.

Does a Long-Term Orientation Create Value? Evidence from a Regression Discontinuity

Number of pages: 62 Posted: 19 Oct 2014 Last Revised: 25 Sep 2016
Caroline Flammer and Pratima (Tima) Bansal
Columbia University and University of Western Ontario - Richard Ivey School of Business
Downloads 1,184 (36,390)
Citation 65

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Long-term orientation; financial performance; innovation; stakeholder relations; agency theory; shareholder proposals; regression discontinuity

10.

Corporate Social Responsibility as a Defense against Knowledge Spillovers: Evidence from the Inevitable Disclosure Doctrine

Number of pages: 63 Posted: 18 Sep 2015 Last Revised: 21 Sep 2018
Caroline Flammer and Aleksandra Kacperczyk
Columbia University and Massachusetts Institute of Technology (MIT)
Downloads 803 (62,617)
Citation 16

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knowledge spillovers, corporate social responsibility, inevitable disclosure doctrine, difference-in-differences

11.

Competing for Government Procurement Contracts: The Role of Corporate Social Responsibility

Number of pages: 67 Posted: 14 Jan 2015 Last Revised: 06 Nov 2017
Caroline Flammer
Columbia University
Downloads 720 (72,249)
Citation 54

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government procurement contracts; corporate social responsibility; non-market strategy; information asymmetry; trust

12.

The Impact of Stakeholder Orientation on Innovation: Evidence from a Natural Experiment

Number of pages: 47 Posted: 12 Nov 2013 Last Revised: 18 Oct 2014
Caroline Flammer and Aleksandra Kacperczyk
Columbia University and Massachusetts Institute of Technology (MIT)
Downloads 597 (91,445)
Citation 28

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innovation; stakeholder view; long-term orientation; constituency statutes; difference-in-differences

13.

Blended Finance

Downloads 503 (113,457)
Citation 1

Blended Finance

European Corporate Governance Institute – Finance Working Paper No. 973/2024
Number of pages: 54 Posted: 02 Apr 2024 Last Revised: 11 Apr 2024
Caroline Flammer, Thomas Giroux and Geoffrey M. Heal
Columbia University, CREST-ENSAE and Columbia University - Columbia Business School, Finance
Downloads 491 (115,162)

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blended finance, catalytic capital, development finance institutions (DFIs), impact investing, sustainable finance, sustainable development goals (SDGs), public good, public-private partnerships

Blended Finance

NBER Working Paper No. w32287
Number of pages: 49 Posted: 01 Apr 2024
Caroline Flammer, Thomas Giroux and Geoffrey M. Heal
Columbia University, CREST-ENSAE and Columbia University - Columbia Business School, Finance
Downloads 12 (1,150,706)
Citation 1
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14.

Corporate Social Responsibility as an Employee Governance Tool: Evidence from a Quasi-Experiment

Number of pages: 47 Posted: 18 Jan 2014 Last Revised: 05 Nov 2015
Caroline Flammer and Jiao Luo
Columbia University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 435 (134,570)
Citation 31

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employee engagement; adverse behavior; employee governance; corporate social responsibility; unemployment insurance

15.

Does Product Market Competition Foster Corporate Social Responsibility?

Number of pages: 35 Posted: 14 Sep 2012 Last Revised: 09 Feb 2014
Caroline Flammer
Columbia University
Downloads 385 (154,710)
Citation 1

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Corporate Social Responsibility, Product Market Competition, Import Tariffs

16.

The Governance of Non-Profits and their Social Impact: Evidence from a Randomized Program in Healthcare in the Democratic Republic of Congo

HEC Paris Research Paper No. SPE-2019-1354
Number of pages: 80 Posted: 23 Oct 2019 Last Revised: 21 Feb 2023
Anicet Fangwa, Caroline Flammer, Marieke Huysentruyt and Bertrand V. Quelin
HEC PARIS, Columbia University, HEC Paris and HEC Paris
Downloads 311 (195,027)
Citation 2

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non-profit governance, non-profit organizations, social impact, healthcare, Sustainable Development Goals (SDGs), developing countries, randomized experiment

17.

Impact Investing and the Fostering of Business Ventures' Financial Performance and Social Impact in Disadvantaged Urban Areas

HEC Paris Research Paper No. SPE-2020-1405
Number of pages: 56 Posted: 24 Nov 2020 Last Revised: 08 Nov 2021
Romain Boulongne, Rodolphe Durand and Caroline Flammer
IESE Business School, HEC Paris - Strategy & Business Policy and Columbia University
Downloads 261 (233,686)

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Impact Investing, Social Impact, Disadvantaged Urban Areas, Sustainable Cities, Sustainable Development Goals (SDGs), Business Ventures

18.

Green Bonds: Effectiveness and Implications for Public Policy

NBER Working Paper No. w25950
Number of pages: 47 Posted: 17 Jun 2019 Last Revised: 29 May 2022
Caroline Flammer
Columbia University
Downloads 143 (403,154)
Citation 33

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19.

Impact Investing in Disadvantaged Urban Areas

NBER Working Paper No. w30551
Number of pages: 75 Posted: 17 Oct 2022 Last Revised: 24 Jun 2023
Romain Boulongne, Rodolphe Durand and Caroline Flammer
IESE Business School, HEC Paris - Strategy & Business Policy and Columbia University
Downloads 10 (1,134,413)
Citation 6

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