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Financial Markets and Institutions

It is no surprise that the mainstream finance literature is not much interested in this area. More recently, however, there has been a major re-awakening of interest in the field - first in issues related to ethical investment and now in financial and market performance and social and environmental issues.

See also the section on SRI

  • Hammond S.A. and J.W.Slocum (1996) "The impact of prior firm financial performance on subsequent corporate reputation" Journal of Business Ethics 15(2) February (pp159-165)
  • Herremans I.R., P.Akathaporn & M.McInness (1993) "An investigation of corporate social responsibility reputation and economic performance" Accounting Organizations and Society 18(7/8) (pp587-604)
  • Hughes K.E. & K.Reynolds (2001) "Uncertainty Associated with Future Environmental Costs and the Markets Differential Response to Earnings Information", Journal of Business Finance & Accounting 28 (9) Nov/Dec (pp1352-1386)
  • Jaggi B. & M.Freedman "An examination of the impact of pollution performance on economic and market performance: Pulp and Paper Firms" Journal of Business Finance and Accounting 19(5) 1992 (pp697-713)
  • Patten D.M. (1990) "The market reaction to social responsibility disclosures: The case of the Sullivan Principle signings" Accounting Organizations and Society 15(6) (pp575-587)
  • Richardson A.J., M.Welker and I.R.Hutchinson (1999) "Managing capital market reactions to social responsibility" International Journal of Management Reviews 1(1) (pp17-43)
  • Schmidheiny S. & F.J.Zorraquin (1996) Financing Change: The financial community, eco-efficiency and sustainable development (Cambridge, Mass: MIT Press)
  • Ullmann A.E. (1985) "Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure and Economic Performance of US Firms" Academy of Management Review 10(3) (pp540-557)