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dc.rights.licenseauthentificationen_US
dc.contributor.authorAMEUR, Hachmi Ben
hal.structure.identifierBordeaux Sciences Economiques [BSE]
dc.contributor.authorBOUSSETTA, Selma
dc.date.accessioned2023-10-24T07:48:50Z
dc.date.available2023-10-24T07:48:50Z
dc.date.issued2023-10-19
dc.identifier.issn0924-865Xen_US
dc.identifier.urioai:crossref.org:10.1007/s11156-023-01218-4
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/184507
dc.description.abstractEnThis paper contributes to the understanding of the relation between the environmental and social positioning of companies and the financial resilience in the specific context of the COVID-19 crisis. Resilience is measured through two dimensions based on stock price data: the severity of loss which captures the stability and the duration of recovery which captures the flexibility dimension. Using a sample of 1508 US based firms, we provide evidence that firms with high environmental and social (ES) rating were more resilient than low ES rating firms during the COVID-19 pandemic by lessening the severity of price drop and recovering faster. This effect is enhanced by using a non-linear approach based on quantiles. Further, we provide evidence that the effect of ES on resilience is focused on the environmental and social components. Interestingly, we show that management and shareholders sub-categories of the governance rating, have no impact on firm’s time to recovery during pandemic crisis.
dc.language.isoENen_US
dc.sourcecrossref
dc.subject.enCorporate social responsibility
dc.subject.enFinancial resilience
dc.subject.enStock market
dc.subject.enUs companies
dc.title.enDo environmental and social practices matter for the financial resilience of companies? Evidence from US firms during the COVID-19 pandemic
dc.typeArticle de revueen_US
dc.identifier.doi10.1007/s11156-023-01218-4en_US
dc.subject.halSciences de l'Homme et Société/Economies et financesen_US
dc.subject.jelG - Financial Economics::G1 - General Financial Markets::G10 - Generalen_US
dc.subject.jelG - Financial Economics::G1 - General Financial Markets::G14 - Information and Market Efficiency; Event Studies; Insider Tradingen_US
dc.subject.jelM - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics::M1 - Business Administration::M14 - Corporate Culture; Diversity; Social Responsibilityen_US
bordeaux.journalReview of Quantitative Finance and Accountingen_US
bordeaux.hal.laboratoriesBordeaux Sciences Economiques / Bordeaux School of Economics (BSE) - UMR 6060en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.institutionCNRSen_US
bordeaux.institutionINRAEen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
bordeaux.import.sourcedissemin
hal.identifierhal-04255590
hal.version1
hal.date.transferred2023-10-24T07:48:51Z
hal.popularnonen_US
hal.audienceInternationaleen_US
hal.exporttrue
workflow.import.sourcedissemin
dc.rights.ccCC BYen_US
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