Pokaż uproszczony rekord

Assessment of investment attractiveness in shares of socially responsible companies based on the RESPECT index in 2009–2017

dc.contributor.authorGołaszewska-Kaczan, Urszula
dc.contributor.authorMarcinkiewicz, Jacek
dc.contributor.authorKilon, Jarosław
dc.date.accessioned2019-04-03T09:05:15Z
dc.date.available2019-04-03T09:05:15Z
dc.date.issued2018
dc.identifier.issn1899-2226
dc.identifier.urihttp://hdl.handle.net/11089/27319
dc.description.abstractBoth in theory and practice, it is emphasised that engaging in CSR actions brings many benefits to companies. One of the commonly listed advantages is more trust from investors, which enables the achievement of superior returns from securities issued by socially responsible firms. The paper endeavours to investigate whether this benefit can be also noticed among businesses in the Polish index of socially responsible companies RESPECT. The study involves firms included in the RESPECT index from its inception (November 2011) to the end of 2017. The authors compared the RESPECT index with selected Polish market indices between 2009 and 2017. Empirical studies, based on an analysis of returns, risk, dividend yields, and shareholder structure, facilitated the assessment of the attractiveness of investments in the shares of socially responsible businesses against the background of other firms quoted on the Warsaw Stock Exchange.en_GB
dc.description.sponsorshipPublication of English-language versions of the volumes of the "Annales. Ethics in Economic Life" financed through contract no. 501/1/P-DUN/2017 from the funds of the Ministry of Science and Higher Education devoted to the promotion of scholarship.en_GB
dc.language.isoenen_GB
dc.publisherWydawnictwo Uniwersytetu Łódzkiegoen_GB
dc.relation.ispartofseriesAnnales. Ethics in Economic Life; 7
dc.rightsThis work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.en_GB
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0en_GB
dc.subjectCorporate Social Responsibilityen_GB
dc.subjectRESPECT indexen_GB
dc.subjectWarsaw Stock Exchangeen_GB
dc.titleAssessment of investment attractiveness in shares of socially responsible companies based on the RESPECT index in 2009–2017en_GB
dc.typeArticleen_GB
dc.page.number141-152
dc.contributor.authorAffiliationUniversity of Bialystok, Faculty of Economics and Management, Department of Management
dc.contributor.authorAffiliationUniversity of Bialystok, Faculty of Economics and Management, Department of Econometrics and Statistics
dc.contributor.authorAffiliationGrupa Partnerska BUCHALTER
dc.identifier.eissn2353-4869
dc.referencesAnam, L., Kachniewski, M., Sobolewski, L., & Owczarek, M. (2012). Jak zyskać na odpowiedzialności? CSR w strategiach spółek giełdowych. Przewodnik dla CEO i executives. Warszawa: CRSinfo.en_GB
dc.referencesCommunication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions. A renewed EU strategy 2011–14 for Corporate Social Responsibility [COM(2011) 681 final version]. (2011, October 25). Brussels. http://odpowiedzialnybiznes.pl/public/files/Komunikat_KE_Strategia2011_2014.pdfen_GB
dc.referencesDowell, G., Hart, S., & Yeung, B. (2000). Do corporate global environmental standards create or destroy market value? Management Science, 46(8), 1059–1074.en_GB
dc.referencesEdmans, A. (2011). Does the stock market fully value intangibles? Employee Satisfaction and equity prices. Journal of Financial Economics, 101(3), 621–640.en_GB
dc.referencesGołaszewska-Kaczan, U., Kilon, J., & Marcinkiewicz, J. (2016). Ocena atrakcyjności inwestycji w akcje spółek społecznie odpowiedzialnych na podstawie indeksu RESPECT. Annales. Ethics in Economic Life, 19(3), 113–128.en_GB
dc.referencesHong, H., & Kasperczyk, M. (2009). The price of sin: The effects of social norms on markets. Journal of Financial Economics, 93(1), 15–36.en_GB
dc.referencesKilon, J., & Marcinkiewicz, J. (2014). Struktura akcjonariatu spółki a atrakcyjność inwestycji na rynku akcji GPW w Warszawie. Optimum. Studia Ekonomiczne, 3(69), 207–220.en_GB
dc.referencesPolish Committee for Standardization. (2012). Polska Norma PN-ISO 26000:2012. http://www.pkn.pl/iso-26000en_GB
dc.referencesRobbins, S. P., & DeCenzo, D. A. (2002). Fundamentals of Management. Warszawa: Polskie Wydawnictwo Ekonomiczne.en_GB
dc.referencesRok, B. (2013). Podstawy odpowiedzialności społecznej w zarządzaniu. Warszawa: Poltext.en_GB
dc.referencesStatman, M., & Glushkov, D. (2009). The wages of social responsibility. Financial Analysts Journal, 64(4), 33–46.en_GB
dc.referencesWołowiec, T. (2004). Społeczna odpowiedzialność przedsiębiorstwa nową formułą zarządzania. Ekonomika i Organizacja Przedsiębiorstw, 3, 3–11.en_GB
dc.referencesEncyklopedia CSR. http://odpowiedzialnybiznes.pl/hasla-encyklopedii/spoleczna-odpowiedzialnosc-biznesu-csr/en_GB
dc.referencesISO 26000 Social responsibility. http://www.pkn.pl/sites/default/files/discovering_iso_26000.pdfen_GB
dc.referencesRESPECT Index. https://www.gpw.pl/RESPECT_Indexen_GB
dc.contributor.authorEmailulakaczan@o2.pl
dc.contributor.authorEmailmarcinkiewicz_j@o2.pl
dc.contributor.authorEmailjaroslaw.kilon@kancelariabuchalter.pl
dc.identifier.doi10.18778/1899-2226.21.7.10
dc.relation.volume21en_GB
dc.subject.jelG12
dc.subject.jelM14
dc.subject.jelZ13


Pliki tej pozycji

Thumbnail
Nazwa:
7_10_141-152_Golaszewska-Kaczan ...
Rozmiar:
377.4KB
Format:
PDF
Oglądaj/Otwórz

Pozycja umieszczona jest w następujących kolekcjach

Pokaż uproszczony rekord

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
Poza zaznaczonymi wyjątkami, licencja tej pozycji opisana jest jako This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.