Corporate social performance, analyst stock recommendations, and firm future returns

• Main Authors: LUO, Xueming, WANG, Heli, RAITHEL, Sascha, ZHENG, Qinqin
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Corporate social performance; financial analysts; stock recommendations; stock returns; Business Law, Public Responsibility, and Ethics; Portfolio and Security Analysis; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3579; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4578/viewcontent/smj2219.pdf
• Institution: Singapore Management University

This study posits that security analysts heed corporate social performance information and factor it into their recommendations to general investors. In particular, as corporate social performance is often uncertain and ambiguous to general investors, analysts may serve as the informational pathway...