Market Reaction to Corporate Social Performance
type: CreativeWork
description: This dissertation investigated the general issue of investors' use of data on corporate social performance. The problem addressed was, do investors, in their role in forming security prices, use data on social performance in their investment decisions? To address this question, two basic approaches were explored. First, an analytical framework was developed to analyze the role of social performance data in various models of investor behavior, with special emphasis on the Capital Asset Pricing Model. The second approach to the research problem consisted of measuring and testing the information content of disclosure of a specific subset of social performance. This subset was environmental performance, as represented by estimated future pollution control expenditures.
abstract: This dissertation investigated the general issue of investors' use of data on corporate social performance. The problem addressed was, do investors, in their role in forming security prices, use data on social performance in their investment decisions? To address this question, two basic approaches were explored. First, an analytical framework was developed to analyze the role of social performance data in various models of investor behavior, with special emphasis on the Capital Asset Pricing Model. The second approach to the research problem consisted of measuring and testing the information content of disclosure of a specific subset of social performance. This subset was environmental performance, as represented by estimated future pollution control expenditures.
author: Stevens, William Patrick
language: eng
keywords: Business Administration, Accounting
date published: 2014-12-14T13:34:06Z
date modified: 2026-07-22T22:25:58Z
provider: University of Illinois - Urbana-Champaign
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Illinois at Urbana-Champaign

PropertyValue
property ID: Handle
value: http://hdl.handle.net/2142/68271