The influence of employee share ownership on CSR performance. The case of SBF 120 listed companies
This paper analyses the influence of employee ownership on French companies’ CSR performance. Based on a sample of 102 companies from the SBF 120 stock index over the period 2012-2021, the results show that employee ownership has a positive influence on overall CSR performance, social and governance...
Wedi'i Gadw mewn:
| Cyhoeddwyd yn: | URI:https://journals.openedition.org/fcs, |
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| Prif Awduron: | , , |
| Fformat: | Article ou chapitre numérique |
| Iaith: | Anglais |
| Cyhoeddwyd: |
Finance Contrôle Stratégie
2024
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| Pynciau: | |
| Mynediad Ar-lein: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Crynodeb: | This paper analyses the influence of employee ownership on French companies’ CSR performance. Based on a sample of 102 companies from the SBF 120 stock index over the period 2012-2021, the results show that employee ownership has a positive influence on overall CSR performance, social and governance performance in particular. Our results also show that employee ownership only becomes a lever for environmental performance when employees hold a high or even majority level of their company's capital. Our study highlights the fact that development of employee ownership enhances companies' CSR efforts. These results are robust under two alternative measurements of employee ownership. |
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