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Does corporate social responsibility affect shareholder value? Evidence from the COVID‐19 crisis [PDF]
International Review of Finance, 2021 The COVID‐19 outbreak and the subsequent lockdown were an unanticipated shock to the global stock market. Managers also had minimal time to counterbalance its effect through corporate policies. Therefore, this health crisis offers a unique opportunity to
Arora S, Sur J, Chauhan Y.
europepmc +2 more sources
The Pandemic and Shareholder Value
Symphonya, 2021 Shareholder value has driven corporate governance in North America for over a century. In the wake of significant financial crises and growing inequalities, corporate America decided in 2019 to embrace a more egalitarian model, in which all stakeholders ...
Calin Valsan
doaj +4 more sources
Shareholder Value Creators and Shareholder Value Destroyers in USA. Year 2002 [PDF]
SSRN Electronic Journal, 2003 In this paper, we quantify shareholder value creation for 276 American companies. We provide the created shareholder value for each and every company for years 1998, 1999, 2000 and 2001. The market value of the 276 companies was 8,716 billion dollars in 2001 and 9,729 billion dollars in 2000.
Pablo Fernández, Laura Reinoso
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Hedging, Speculation and Shareholder Value [PDF]
Journal of Financial Economics, 2003 Abstract We document that gold mining firms have consistently realized economically significant cash flow gains from their derivatives transactions. We conclude that these cash flows have increased shareholder value since there is no evidence of an offsetting adjustment in firms’ systematic risk.
Tim Adam, Chitru S. Fernando
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Shareholder Theory/Shareholder Value
, 2020 Shareholder theory states that the primary objective of management is to maximize shareholder value. This objective ranks in front of the interests of other corporate stakeholders, such as employees, suppliers, customers, and society.Shareholder theory argues that shareholders are the ultimate owners of a corporate’s assets, and thus, the priority for ...
O'Connell, Maeve, Ward, Anne Marie
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Corporate donations and shareholder value [PDF]
Oxford Review of Economic Policy, 2016 Do corporate donations enhance shareholder wealth or reflect agency problems? We address this question for a global sample of firms whereby we distinguish between charitable and political donations, as well as between donations in cash and in kind. We find that charitable donations are positively related to financial performance and firm value, which ...
LIANG, Hao, RENNEBOOG, Luc
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A Critique of Shareholder Value Maximization [PDF]
SSRN Electronic Journal, 2013 The majority of academic economists share the view that a corporation should serve the exclusive interests of its shareholders (shareholder value maximization). This view is fi rmly grounded on the extension, by Arrow (1953) and Debreu (1959) of the two welfare theorems to production economies with uncertainty and complete markets. This paper considers
Michael Magill +2 more
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Marketing as an Investment in Shareholder Value [PDF]
British Journal of Management, 2018 AbstractWe present resource‐based and capability‐based arguments of marketing investment intensity to offer a strategic view of marketing as an investment in shareholder value. We find that marketing investment intensity has a U‐shaped quadratic effect on shareholder value creation (Tobin's q) that calls for marketing investment to be protected and ...
Mathew Hughes +3 more
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ROLE OF INNOVATION CAPABILITY IN INCREASING SHAREHOLDER VALUE (SALES GROWTH AS INTERVENING VARIABLE)
Manajemen dan Bisnis, 2014 This study aims to demonstrate that innovation capability as one of companies’ marketing capabilities has an important role in increasing shareholder value through superior market performance, i.e. the sales growth.
Masmira Kurniawati
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Increasing Shareholders Value through NPV-Negative Projects
Contemporary Economics, 2010 The concept of Net Present Value (NPV) is a widely accepted tool for verification of financial rationality of planned investment projects. Projects with positive NPV increase a company's value.
Paweł Mielcarz, Paweł Paszczyk
doaj +1 more source