How Third-party CSR Ratings Impact Your Share Price
Sustainability Research Insight
(3BL Media / theCSRfeed) June 26, 2011 - Third-party CSR ratings can affect your share price - good and bad, concludes recent research that tested how additions and deletions from social indexes influence share price.
"One important takeaway is that investors don't like surprises," says co-author Jonathan Doh, a professor at Villanova University, Pennsylvannia. "Firms interested in sustaining a positive CSR reputation should make ongoing, everyday investments that are genuine and consistent."
The Network for Business Sustainability is a not-for-profit organization that connects business leaders and academic experts worldwide to devise new business models for the 21st century. NBS is located at the Richard Ivey School of Business (at The University of Western Ontario) in London, Canada and at the Université du Québec à Montréal. NBS is funded primarily by Canada’s Social Sciences and Humanities Research Council, with additional support from industry partners.