Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
2019 Alexander L Malmlund
As corporate social responsibility and socially responsible investing practices have increased substantially over the past decade, the possible financial advantages have been examined in great depth. Utilizing firms from the S&P 500 I have investigated the possible outperformance of accounting based and market based measures. I did this by examining the relationship between ESG scores, a common measure of CSR level, and the following dependent variables: return on assets, total risk, systematic risk, and idiosyncratic risk. I obtained strong evidence that an increase in CSR levels are correlated with an increased return on assets.
Malmlund, Alexander, "The Financial Incentives to Adopting Corporate Social Responsibility and Socially Responsible Investing Practices" (2019). CMC Senior Theses. 2103.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.