Impact of Corporate Social Responsibility on Risk and Financial Performance: evidence from 40 French listed companies. / Laura KARAM / 2022

Titre : Impact of Corporate Social Responsibility on Risk and Financial Performance: evidence from 40 French listed companies. Type de document : Mémoire Auteurs : Laura KARAM, Auteur Année de publication : 2022 Importance : 34 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec cotre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Management RESPONSABILITE SOCIALE DE L'ENTREPRISE ; RISQUE ; PERFORMANCE Entreprise BOURSE DE PARIS Résumé : Using a sample of the 40 biggest French listed companies, this paper investigates the impact of CSR on firm’s risk and financial performance for the period 2016 to 2021. This paper aims to show whether CSR can reduce the financial risk of a company on the one hand, and whether the positive relationship between CSR and financial performance can be explained trough risk on the other hand. CSR is measured using MSCI grade, risk is measured using the standard deviation of daily stock returns, and financial performance is measured using both ROA and TOBINS’Q ratio. We used the OLS method to run the regressions. We found that CSR tend to lower firm’s risk. More precisely, we found that the higher the CSR grade is,the lower the risk is. We obtain ambiguous results on the role of risk in the relationship between CSR and firms’ performance, thus we cannot conclude that risk is a mediator in this relationship. This study proves that companies benefit from investing in CSR because it allows them to better manage their risk, and therefore to be more perennial. Programme : MSc Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=568527

To what extent can a listed company on the CAC 40 become a mission-driven company? / Laurine CORTELLI / 2022

Titre : To what extent can a listed company on the CAC 40 become a mission-driven company? Type de document : Mémoire Auteurs : Laurine CORTELLI, Auteur Année de publication : 2022 Importance : 35 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec cotre compte Office 365 via le bouton CONNEXION en haut de la page. Langues : Anglais (eng) Mots-clés : Entreprise BOURSE DE PARIS Management COTATION DES TITRES ; BREVET Résumé : The role of companies in our society has been increasingly challenged in recent years, especially in light of the unprecedented environmental and social crises we are facing. At the same time, scientists and experts are sounding the alarm about the state of our planet and, more generally, about our development model. As a result, companies will have to reinvent themselves in the coming few years. In this context, the PACTE law represents a major step-forward, by introducing the status of a mission?driven company. It proposes a new horizon to redefine the economic model of companies to serve the challenges of society. This law has enabled enterprises to integrate a purpose of collective interest in their bylaws. Three years after the PACTE law was passed, we have analyzed the types of enterprises that have become mission-driven companies. We have observed that very few publicly traded companies have adopted this status. In fact, there is only one company listed on the CAC 40, Danone. Thus, the purpose of this article is to understand to what extent a listed company can become a mission-driven company. Therefore, we will first analyze the main drivers of transformation, but also the obstacles often mentioned by large companies. Finally, we will explore some of the possible evolutions of this status, which has remained somewhat vague, to help listed companies adopt it. To this end, we will look at research articles, press articles and, in particular, the case of Danone, which has received considerable media attention. An interview with the PwC’s sustainability department alsocontributed to the rationale behind this report Programme : PGE-Reims Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=571572