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Management Science· 2015Q1

Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach

Caroline Flammer

Short summary

Adopting corporate social responsibility (CSR) proposals that pass by a narrow margin increases announcement returns by 0.58% and boosts accounting performance, driven by higher labor productivity and sales growth.

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Field: Strategy and Management

Strategy and ManagementBusiness, Management and Accounting