Article Dans Une Revue International Journal of Business Governance and Ethics Année : 2025

Are CSR-compliant firms more resilient during health crises?

Résumé

The study examines the relationship between corporate social responsibility (CSR) and stock returns during times of crisis, such as pandemics. During these times, companies often experience decreased demand, reduced profits, and increased financial risk, leading to lower stock returns. Studying 869 Indian-listed firms during 2019?2020, we show that the global pandemic negatively affected firms’ returns and that CSR-compliant firm tend to perform better than non-compliant firms after the event. The study also shows that CSR expenditure positively impacts stock returns during the pandemic. The findings contribute to the existing literature on the role of CSR in firm resilience and provide evidence of the impact of CSR on stock returns during times of crisis.

Dates et versions

hal-04977263 , version 1 (05-03-2025)

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Citer

Dharen Kumar Pandey, Riadh Manita, Vineeta Kumari, Sabri Boubaker. Are CSR-compliant firms more resilient during health crises?. International Journal of Business Governance and Ethics, In press, ⟨10.1504/ijbge.2023.10057276⟩. ⟨hal-04977263⟩
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