Corporate Social Responsibility Und Finanzielle Performance Von Borsennotierten Unternehmen
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Corporate Social Responsibility Und Finanzielle Performance Von Borsennotierten Unternehmen

Corporate Social Responsibility Und Finanzielle Performance Von Borsennotierten Unternehmen


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About the Book

Social Responsible Investments besitzen mittlerweile einen erheblichen Anteil an den weltweiten Investitionen und haben damit einen grossen okonomischen Einfluss auf die Ressourcenallokation von verwaltetem Investmentvermogen. Es ist jedoch festzustellen, dass trotz der grossen praktischen Bedeutung von CSR, die Auswirkungen auf die Performance nicht eindeutig geklart sind. Der Autor widmet sich dieser Problematik, indem er verschiedene empirische Untersuchungskonzepte vereint, um mittels Querschnitts- und Zeitreihenregressionen sowohl den Einfluss auf fundamentale wie auch kapitalmarktbasierte Kennzahlen zu messen. Dabei werden neben dem vielfach analysierten US-Markt auch die grosseren Volkswirtschaften Europas berucksichtigt. Diese Arbeit zeigt, dass sich Unternehmen mit hohen und niedrigen CSR-Ratings weniger fundamental, sondern uberwiegend kapitalmarktbasiert unterscheiden. Die Analyse der drei CSR-Dimensionen belegt, dass Investoren diese eher isoliert betrachten und einbeziehen. Dabei mussen Investoren offensichtlich nicht auf Performance verzichten, wenn sie auf Basis von CSR-Ratings und entsprechenden Screeningstrategien nachhaltige Portfolios bilden. Die vorliegende Analyse zeigt, dass Nachhaltigkeitsinvestments auch aus rein wirtschaftlicher Perspektive - ohne Aufgabe der neoklassischen Ertrags- und Risikokalkule - gerechtfertigt sind. Diese Dissertation - erfolgreich verteidigt an der Universitat Potsdam - stellt einen umfassenderen Ansatz als fruhere Arbeiten zum Zusammenhang von CSR und finanzieller Performance zur Diskussion.


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Product Details
  • ISBN-13: 9783896737489
  • Publisher: Duncker & Humblot
  • Publisher Imprint: Duncker & Humblot
  • Language: German
  • Returnable: N
  • Weight: 449 gr
  • ISBN-10: 3896737481
  • Publisher Date: 01 Aug 2018
  • Binding: Paperback
  • No of Pages: 286
  • Sub Title: Eine Empirische Analyse Des Zusammenhangs


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Corporate Social Responsibility Und Finanzielle Performance Von Borsennotierten Unternehmen
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Corporate Social Responsibility Und Finanzielle Performance Von Borsennotierten Unternehmen
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