Does the market recognize corporate social responsibility?

This article examines the impact of the Dow Jones Sustainability Index (DJSI) announcements that are prepared annually by RobecoSAM on the market value of Colombian firms. The analysis of 77 events and their impact on 13 firms for the 2009-2018 period found that DJSI-related events lead to insignificantly abnormal returns being generated for shareholders. The study suggests that this happens because Colombian companies do not widely disclose these types of event. © 2022, RAE Revista de Administracao de Empresas. All Rights Reserved.

• Autores: Sanchez-Lopez, Juan; Godoy, Jesús
• Tipo de recurso: Article of investigation
• Fecha de publicación: 2022
• Institución: Universidad de Ibagué
• Repositorio: Repositorio Universidad de Ibagué
• OAI Identifier: oai:repositorio.unibague.edu.co:20.500.12313/5468
• Acceso en línea: https://www.researchgate.net/publication/360126165_DOES_THE_MARKET_RECOGNIZE_CORPORATE_SOCIAL_RESPONSIBILITY
• Palabra clave: Colombian companies; Corporate social responsibility; Djsi; Market; Study of events
• Rights: openAccess
• License: http://purl.org/coar/access_right/c_abf2