1. Albuquerque, R., Koskinen, Y., Yang, S., & Zhang, C. (2020). Resiliency of environmental and social stocks: An analysis of the exogenous COVID-19 market crash. The Review of Corporate Finance Studies, 9(3), 593-621.
2. Aouadi, A., & Marsat, S. (2018). Do ESG controversies matter for firm value? Evidence from international data. Journal of Business Ethics, 151, 1027-1047.
3. Avramov, D., Cheng, S., Lioui, A., & Tarelli, A. (2022). Sustainable investing with ESG rating uncertainty. Journal of Financial Economics, 145(2), 642-664.
4. Bae, J., Choi, W., & Lim, J. (2020). Corporate social responsibility: An umbrella or a puddle on a rainy day? Evidence surrounding corporate financial misconduct. European Financial Management, 26(1), 77-117.
5. Bae, K. H., El Ghoul, S., Gong, Z. J., & Guedhami, O. (2021). Does CSR matter in times of crisis? Evidence from the COVID-19 pandemic. Journal of Corporate Finance, 67, 101876.
6. Baker, E. D., Boulton, T. J., Braga-Alves, M. V., & Morey, M. R. (2021). ESG government risk and international IPO underpricing. Journal of Corporate Finance, 67, 101913.
7. Benlemlih, M. (2017). Corporate social responsibility and firm financing decisions: A literature review. Journal of Multinational Financial Management, 42, 1-10.
8. Brooks, C., & Oikonomou, I. (2018). The effects of environmental, social and governance disclosures and performance on firm value: A review of the literature in accounting and finance.The British Accounting Review, 50(1), 1-15.
9. Christensen, H. B., Hail, L., & Leuz, C. (2021). Mandatory CSR and sustainability reporting: Economic analysis and literature review. Review of accounting studies, 26(3), 1176-1248.
10. Cahan, S. F., Chen, C., & Chen, L. (2017). Social norms and CSR performance. Journal of Business Ethics, 145, 493-508.
11. Carroll, A. B. (2021). Corporate social responsibility: Perspectives on the CSR construct’s development and future. Business & Society, 60(6), 1258-1278.
12. Cheynel, E. (2013). A theory of voluntary disclosure and cost of capital. Review of Accounting Studies, 18, 987-1020.
13. Clementino, E., & Perkins, R. (2021). How do companies respond to environmental, social and governance (ESG) ratings? Evidence from Italy. Journal of Business Ethics, 171(2), 379-397.
14. Dahiya, M., Singh, S., & Chaudhry, N. (2023). Unveiling the role of corporate social responsibility on the efficiency of capital investments and their speed of adjustment: Insights from India. Asia Pacific Journal of Management, 1-26.
15. Demers, E., Hendrikse, J., Joos, P., & Lev, B. (2021). ESG did not immunize stocks during the COVID‐19 crisis, but investments in intangible assets did. Journal of Business Finance and Accounting, 48(3-4), 433-462.
16. Devalle, A., Fiandrino, S., & Cantino, V. (2017). The linkage between ESG performance and credit ratings: A firm-level perspective analysis. International Journal of Business and Management, 12(9), 53-65.
17. Dhaliwal, D. S., Radhakrishnan, S., Tsang, A., & Yang, Y. G. (2012). Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure. The accounting review, 87(3), 723-759. Ding, W., Levine, R., Lin, C., & Xie, W. (2021). Corporate immunity to the COVID-19 pandemic. Journal of financial economics, 141(2), 802-830.
18. Ding, W., Levine, R., Lin, C., & Xie, W. (2021). Corporate immunity to the COVID-19 pandemic. Journal of financial economics, 141(2), 802-830.
19. Eliwa, Y., Aboud, A., & Saleh, A. (2021). ESG practices and the cost of debt: Evidence from EU countries. Critical Perspectives on Accounting, 79, 102097.
20. Ferrell, A., Liang, H., & Renneboog, L. (2016). Socially responsible firms. Journal of financial economics, 122(3), 585-606.
21. Gerard, B. (2019). ESG and socially responsible investment: A critical review. Beta, 33(1), 61-83.
22. He, F., Du, H., & Yu, B. (2022). Corporate ESG performance and manager misconduct: Evidence from China. International Review of Financial Analysis, 82, 102201.
23. Heath, D., Macciocchi, D., Michaely, R., & C. Ringgenberg, M. (2023). Does socially responsible investing change firm behavior?. Review of Finance, 27(6), 2057-2083.
24. Ho, K. C., Wang, Q., Sun, X., & Wang, L. F. (2022). How does corporate social responsibility affect firm leverage?. Kybernetes, 51(10), 2902-2926.
25. Hsu, S. C., Wu, K. T., Wang, Q., & Chang, Y. (2023). Is capital structure associated with corporate social responsibility?. International Journal of Corporate Social Responsibility, 8(1), 6.
26. Huang, H., & Ye, Y. (2021). Rethinking capital structure decision and corporate social responsibility in response to COVID‐19. Accounting & Finance, 61(3), 4757-4788.
27. Huang, W., Chen, S., & Nguyen, L. T. (2020). Corporate social responsibility and organizational resilience to COVID-19 crisis: An empirical study of Chinese firms. Sustainability, 12(21), 8970.
28. Gatti, L., Vishwanath, B., Seele, P., & Cottier, B. (2019). Are we moving beyond voluntary CSR? Exploring theoretical and managerial implications of mandatory CSR resulting from the new Indian companies act. Journal of business ethics, 160, 961-972.
29. Gomes, M., & Marsat, S. (2018). Does CSR impact premiums in M&A transactions?. Finance Research Letters, 26, 71-80.
30. Kim, J., Choi, D., Cho, E., Okafor, C. E., & Park, B. I. (2022). Corporate Sustainability in the Wake of the COVID-19 Global Pandemic: Does CSR Enhance Corporate Survival during a Market Crisis?. Sustainability, 14(21), 14438.
31. Kowalczyk, R., & Kucharska, W. (2020). Corporate social responsibility practices incomes and outcomes: Stakeholders' pressure, culture, employee commitment, corporate reputation, and brand performance. A Polish–German cross‐country study. Corporate Social Responsibility and Environmental Management, 27(2), 595-615.
32. La Rosa, F., Liberatore, G., Mazzi, F., & Terzani, S. (2018). The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms. European Management Journal, 36(4), 519-529.
33. Li, Z., Tang, Y., Wu, J., Zhang, J., & Lv, Q. (2020). The interest costs of green bonds: Credit ratings, corporate social responsibility, and certification. Emerging Markets Finance and Trade, 56(12), 2679-2692.
34. Lim, J. S., & Greenwood, C. A. (2017). Communicating corporate social responsibility (CSR): Stakeholder responsiveness and engagement strategy to achieve CSR goals. Public relations review, 43(4), 768-776.
35. Lins, K. V., Servaes, H., & Tamayo, A. (2017). Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis. Journal of Finance, 72(4), 1785-1824.
36. Macassa, G., McGrath, C., Tomaselli, G., & Buttigieg, S. C. (2021). Corporate social responsibility and internal stakeholders’ health and well-being in Europe: a systematic descriptive review. Health Promotion International, 36(3), 866-883.
37. Malik, M. (2015). Value-enhancing capabilities of CSR: A brief review of contemporary literature. Journal of business ethics, 127, 419-438.
38. Pedersen, L. H., Fitzgibbons, S., & Pomorski, L. (2021). Responsible investing: The ESG-efficient frontier. Journal of financial economics, 142(2), 572-597.
39. Qiu, S. C., Jiang, J., Liu, X., Chen, M. H., & Yuan, X. (2021). Can corporate social responsibility protect firm value during the COVID-19 pandemic?. International Journal of Hospitality Management, 93, 102759.
40. Revelli, C. (2017). Socially responsible investing (SRI): From mainstream to margin?. Research in International Business and Finance, 39, 711-717.
41. Revelli, C., & Viviani, J. L. (2015). Financial performance of socially responsible investing (SRI): what have we learned? A meta-analysis. Business Ethics: A European Review, 24(2), 158-185.
42. Sinha, A., Mishra, S., Sharif, A., & Yarovaya, L. (2021). Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling. Journal of Environmental Management, 292, 112751.
43. Yang, S., He, F., Zhu, Q., & Li, S. (2018). How does corporate social responsibility change capital structure?. Asia-Pacific Journal of Accounting & Economics, 25(3-4), 352-387.
44. Yu, C. H., Wu, X., Zhang, D., Chen, S., & Zhao, J. (2021). Demand for green finance: Resolving financing constraints on green innovation in China. Energy Policy, 153, 112255.