Do investors care about CSR? Evidence from Polish public listed companies

• Authors: Agnieszka Kłysik-Uryszek

Title variants

PL

Czy inwestorzy biorą pod uwagę społeczną odpowiedzialność biznesu? Świadectwa empiryczne z polskich spółek giełdowych

Abstracts

EN

The CSR (corporate social responsibility) concept has become an increasingly important part of corporations’ strategies and plans. However, it does not have to translate into investors’ decisions to buy their shares. The article investigates the relationships between companies implementing a CSR strategy, the rates of return on their stocks, and their investment risk. The paper aims to verify whether applying a CSR strategy affects stock market parameters (lower risk, higher investment profitability) and whether investors consider CSR companies less risky or more profitable and reliable than non-CSR firms. The following hypotheses have been formulated: (I) CSR companies are less risky (in terms of investment risk) than non-CRS ones; (II) CSR companies are characterized by higher rates of return than non-CSR ones.

Keywords

EN

social responsibility; risk; rate of return; beta coefficient; Treynor formula; Sharpe formula

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Annales. Etyka w Życiu Gospodarczym
• Year: 2020
• Volume: 23
• Issue: 4
• Pages: 53-63

Dates

published

2020

Contributors

author

Agnieszka Kłysik-Uryszek

• University of Lodz, Faculty of Economic and Sociology, Institute of Economics, Department of International Trade

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Identifiers

DOI

10.18778/1899-2226.23.4.03

Biblioteka Nauki

2028197