Graduation Year
2019
Date of Submission
5-2019
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Matthew Magilke
Rights Information
2019 Alexander L Malmlund
Abstract
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.
Recommended Citation
Malmlund, Alexander, "The Financial Incentives to Adopting Corporate Social Responsibility and Socially Responsible Investing Practices" (2019). CMC Senior Theses. 2103.
https://scholarship.claremont.edu/cmc_theses/2103
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
