Becchetti, Leonardo; Ciciretti, Rocco; Giovannelli, … - In: Journal of Banking & Finance 37 (2013) 9, pp. 3654-3668
We investigate the relationship between corporate social responsibility (CSR) and I/B/E/S analysts’ earnings per share (EPS) forecasts using a large sample of US firms for 1992–2011. Based on literature findings, we decompose the CSR effect into four factors: accounting opacity, corporate...