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University of Westminster researchers find no causal relationship between corporate social responsibility and financial risk

New research led by Dr Julie Ayton, Senior Lecturer in Finance, has rejected any causality between corporate social performance and financial risk, contrary to what previous evidence has found.

Speaking about the significance of the research findings, Dr Ayton said: « Our paper’s main contribution and originality arises from both the methodology and the data. We were able to access monthly corporate social responsibility data from Covalence SA, showing that it is possible and necessary to use monthly data for more insightful analysis of corporate social responsibility. »

Source: University of Westminster

Read the full paper in the International Review of Financial Analysis

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