February 2010
What corporate social responsibility reporting adds to financial return?
Using a Capital Asset Pricing Model (CAPM) for panel data, this study investigates the influence of corporate social responsibility (CSR) on financial performance, for 154 European firms between 2000 and 2008. The CSR index reveals whether or not the firm published a social report for year t. Statistical evidence shows that this index is negatively and significantly associated with the expected return on...
February 2010
Information technology, financial deepening and economic growth: Some evidence from a fast growing emerging economy
We empirically assess the role of information technology and financial deepening in Qatar’s fast growing economy. Our analysis follows the vector-error-correction modeling technique that is capable of exploring long-run relations and short-run causal dynamics. We further investigate the common permanent components of the cointegrating system to identify the main driving...
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