Although previous studies on the CSP-risk relationship have provided a pivotal contribution to explain the CSP-risk linkage, the impact that the strategic management of stakeholder expectations has on the financial and nonfinancial risk of a company and on corporate social performance still needs to be highlighted. This chapter addresses the issue by analyzing the possible link between a reliable, robust and verifiable measure of CSP, developed and provided by the SAM Group, and the weighted average cost of capital (WACC), a synthetic indicator that embodies the overall risk as perceived by stakeholders and especially by the financial ones

Corporate social performance and cost of capital: A meaningful relationship?

MIGLIAVACCA, PAOLO OTTONE;TENCATI, ANTONIO
2011

Abstract

Although previous studies on the CSP-risk relationship have provided a pivotal contribution to explain the CSP-risk linkage, the impact that the strategic management of stakeholder expectations has on the financial and nonfinancial risk of a company and on corporate social performance still needs to be highlighted. This chapter addresses the issue by analyzing the possible link between a reliable, robust and verifiable measure of CSP, developed and provided by the SAM Group, and the weighted average cost of capital (WACC), a synthetic indicator that embodies the overall risk as perceived by stakeholders and especially by the financial ones
9781849803717
A. Tencati, F. Perrini
Business Ethics and Corporate Sustainability
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A., Di Giulio; Migliavacca, PAOLO OTTONE; Tencati, Antonio
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11565/3731845
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