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This event is part of the ETH Zurich – Sorbonne Paris 1 – ESCP Europe
Labex ReFi – Law & Finance Seminar
Organized by Alain Pietrancosta (Sorbonne Law School – University of Paris 1), Christophe Moussu (ESCP Europe) and Gerard Hertig (ETH Zurich)
(CV & Bio here)
London Business School
The Role of Social Capital in Corporations
During the 2008–2009 financial crisis, firms with high social capital, as measured by corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital. High-CSR firms also experienced higher profitability, growth, and sales per employee relative to lowCSR firms, and they raised more debt. This evidence suggests that the trust between a firm and both its stakeholders and investors, built through investments in social capital, pays off when the overall level of trust in corporations and markets suffers a negative shock.
79 avenue de la République 75011 Paris
Thursday, March 21, 2019
Attention changement de salle
18:00-19:30, Room 5217 – Bâtiment 5 – étage 2
For security reason, please register before the deadline.
wednesday, march 20
NB. If you are prevented from coming, we would be obliged if you could inform us as soon as possible at
Past and coming events of the Law & Finance Seminar