排序方式： 共有15条查询结果，搜索用时 15 毫秒
1.
David J. Collison George Cobb David M. Power Lorna A. Stevenson 《Corporate Social Responsibility and Environmental Management》2008,15(1):14-28
This paper examines the financial performance of the FTSE4Good indices; the indices include companies from different geographical areas on the basis of pre‐determined social responsibility criteria: currently environmental sustainability, relationships with stakeholders, attitudes to human rights, supply chain labour standards and the countering of bribery. The results indicate that over the period of analysis from 1996 to 2005 these indices outperformed their relevant benchmarks. However, most of this outperformance was due to risk differences between the FTSE4Good indices and their benchmarks. In addition, much of the outperformance arose in the period before the indices could be used by practitioners. Nevertheless, the results suggest that investors who invest in a portfolio of companies that satisfy FTSE4Good's corporate social responsibility criteria do no worse than their counterparts who do not follow a socially responsible strategy when purchasing equities. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment. 相似文献
2.
城镇市政设施投资项目环境影响后评价探讨 总被引：1，自引：0，他引：1
城镇市政设施是城镇经济和社会发展的载体,加强其环境影响后评价工作,能为其决策者提供系统、全面、科学的信息反馈,对于促进城镇社会经济与自然环境的持续、协调、稳定发展,具有十分重要的现实意义.在对城镇市政设施投资项目环境影响后评价的概念进行界定的基础上,对城镇市政设施投资项目环境影响后评价的意义及工作程序进行了阐释,并结合城镇市政设施投资项目的具体特点,对其环境影响后评价的内容从大气、水体、噪声、土壤、固体废弃物和生态等六个方面进行了研究探讨. 相似文献
3.
Paolo Capelli Federica Ielasi Angeloantonio Russo 《Corporate Social Responsibility and Environmental Management》2021,28(5):1483-1495
The study aims to verify whether the consideration of a risk measure based on environmental, social, and governance (ESG) factors can reduce the difference between the ex-ante financial risk and ex-post volatility of financial assets. The statistical models are run on 17,996 firm-year observations (3332 active firms from 55 countries and 10 industries, listed on the ECPI Global Ethical Equity index) in 2007–2015. According to our main results, the forecasting effectiveness of traditional financial risk measures can be improved by integrating financial risk with an ESG risk measure that considers the ESG entropy. We found that the dispersion of ESG scores within a country, sector and year is a risk factor that would be helpful in predicting the volatility of financial assets. Other similar long-run risk measures, such as issuers' credit ratings, do not reveal the same forecasting power. By reducing unexpected volatility, especially in the medium term, the ESG risk measure provides investors and fund managers with a useful metric for decision making. 相似文献
4.
分析了湖南省区域投资环境条件,提出了优化投资环境思路:按点轴模式优化湖南区域经济空间布局结构,确立重点投资环境建设轴线;优化产业结构,优先对第二产业和优势产业进行投资环境建设;把人文环境和物质环境结合起来,着力改善区域经济发展的软、硬环境. 相似文献
5.
《Corporate Social Responsibility and Environmental Management》2017,24(6):648-660
We study how corporate social responsibility relates to investors, firms, and shareholder proposals. We examine shareholder proposals on environmental, social, and governance issues at the annual general meeting of shareholders with US Fortune 250 firms during 2011–2014. We find that the probability of receiving shareholder proposals on environmental issues is positively associated with responsible institutional ownership. We find no systematic evidence that the outperformance regarding social responsibility of the firms themselves would significantly matter regarding the likelihood of shareholders filing proposals about corporate social responsibility, except for employee wellbeing. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment 相似文献
6.
In this paper, we provide evidence on the impact of the quality of corporate social responsibility (CSR) reporting on the cost of equity capital for a sample of Spanish listed firms. We aim to verify whether firms with higher CSR disclosure ratings enjoy significantly lower costs of equity capital, after controlling for the well‐known Fama and French risk factors (i.e. beta, market‐to‐book, and size). Consistent with our main hypothesis, we find a significant negative relationship between CSR disclosure ratings and the cost of equity capital. We also obtain that the negative relationship between CSR reporting quality and the cost of equity capital is more pronounced for those firms operating in environmentally sensitive industries. Our findings contribute to the debate on whether CSR activities are value‐enhancing or value‐neutral by showing that improved CSR can enhance firm value by reducing the firm's cost of equity capital. This implies that CSR reporting is a part of a firm's communication tools in order to decrease information asymmetries between managers and investors. In other words, mandatory social responsibility reporting is called for in order to produce a more precise valuation of a firm. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment. 相似文献
7.
Christine Chou Robin Clark Steven O. Kimbrough 《Corporate Social Responsibility and Environmental Management》2023,30(5):2664-2678
This article focuses on two research questions arising from the 2010 U.S. Securities and Exchange Commission (SEC) Advisory on climate change reporting: (1) How does the discussion of climate change in SEC filings change after the Advisory? and (2) What are firms talking about when they talk about climate change? Findings were obtained from the 218,000 10-K filings to the SEC during the 2000–2019 period. The study develops and applies text mining methodology based on extracting information from the “semantic associates” in the “neighborhoods” of indicative terms. On (1) it finds that climate change-related reporting does increase substantially after the SEC guidance. On (2) a nuanced picture emerges. Firms with comparatively larger transition risks tend to discuss climate change comparatively more, focusing on regulation-related topics. Firms exposed to the physical risks of climate change tend to discuss climate change somewhat less, focusing on meteorological topics. The results enrich our understanding regarding environmental policies and firms' behaviors regarding climate change. Theoretical and practical implications are provided. 相似文献
8.
Socially Responsible Investing (SRI) has carved out a niche in the financial world, and each year a large number of shareholder proposals are filed at public companies in the US related to issues of corporate social responsibility (CSR). While the primary interests of CSR activists remain distinct from those of traditional corporate governance (CG) activists, the two groups do share an interest in minimizing the risk of negative environmental or social impacts from the operations of the corporation. They also share the objective of achieving transparency and accountability in corporate decision‐making. In relation to this latter objective, they both face similar challenges concerning conflicts of interest among key institutional shareholders. This article examines the record of shareholder proposal filing and voting from 2000–2003 for 81 large US public corporations to determine the relative prominence of CSR shareholder activism and the prospects for effective CSR shareholder activism on key environmental issues. The analysis of these data finds that nearly half (45%) of all shareholder resolutions are related to CSR, and that those resolutions which combine issues of CSR with traditional CG activism appeal to slightly more shareholders than issues of CSR alone. The article also examines shareholder activism at the micro level with a case study of the voting record at ExxonMobil. The article finds that CSR‐related shareholder activism represents the majority of shareholder activism within that firm and that resolutions targeted at climate change are particularly well supported. These resolutions draw a connection between environmental risk and risk to shareholder value. While numerous challenges remain for both CG and CSR activists, the article concludes that reforms that strengthen shareholder rights and corporate governance more generally will also benefit CSR activists and the environmental policies they promote in particular. The article ends with some proposed solutions for addressing the perceived conflicts of interest in corporate governance and the shareholder voting process. 相似文献
9.
本文提出控制酸雨的关键是二氧化硫总量控制。以四面山、南山、缙云山森林生态为重点保护对象,建立了临界负荷。提出了分两步削减硫排放的方案,并进行了方案技术措施的投资效益分析。 相似文献
10.
经费问题是多年来－直困扰我国自然保护区建设与管理的难题。笔者在对４０多个自然保护区调查的基础上，阐述了目前我国自然保护区的经费渠道和投资水平，分析了全国自然保护区投资现状和特点，探讨了开辟自然保护区经费渠道的举措。 相似文献