Abstract
This article examines the impact of the Dow Jones Sustainability Index (DJSI) announcements that are prepared annually by RobecoSAM on the market value of Colombian firms. The analysis of 77 events and their impact on 13 firms for the 2009-2018 period found that DJSI-related events lead to insignificantly abnormal returns being generated for shareholders. The study suggests that this happens because Colombian companies do not widely disclose these types of event.
| Translated title of the contribution | ¿Reconoce el mercado la responsabilidad social corporativa? |
|---|---|
| Original language | English (US) |
| Article number | e2020-0649 |
| Journal | RAE Revista de Administracao de Empresas |
| Volume | 62 |
| Issue number | 2 |
| DOIs | |
| State | Published - 2022 |
| Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Business and International Management
- Business, Management and Accounting (miscellaneous)
- Industrial relations
- Strategy and Management
- Management Science and Operations Research
- Organizational Behavior and Human Resource Management
- Information Systems and Management
- Marketing
- Management of Technology and Innovation
