14 Pages Posted: 27 Nov 2007
Date Written: September 26, 2007
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.
Keywords: CSR. Firms performance. listed companies
Suggested Citation: 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: https://ssrn.com/abstract=1032851 or http://dx.doi.org/10.2139/ssrn.1032851
By Alex Edmans