Good Corporate Governance Correlates to Higher CSR Performance and Shareholder Wealth

Newswise — UNIVERSITY OF CALIFORNIA, BERKELEY’S HAAS SCHOOL OF BUSINESS – Berkeley-Haas’ Center for Responsible Business has awarded its 2014 Moskowitz Prize to the authors of a study suggesting good corporate governance correlates with higher CSR initiatives. And in turn, these increased CSR practices contribute to shareholder wealth.

Presented by the Center for Responsible Business at Berkeley-Haas since 1996, the Moskowitz Prize is the only global award that recognizes outstanding quantitative research in socially responsible investing.

The winning authors of the study, “Socially Responsible Firms,” Allen Ferrell, Harvard Law School, and Hao Liang and Luc Renneboog, both from Tilburg University, Netherlands, were awarded the Moskowitz Prize at the 25th annual Socially Responsible Investing (SRI) Conference in Colorado Springs, Colo. on November 10. Read more here.

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