0545617 20240402213451.020210919235959.9 85114872010 000695753500001 10.1007/s10551-021-04935-9 20 s. cav_un_epca*02511390167-45441821 (2023)223-242Springer corporate social responsibility strategic CSR business ethics corporate financial performance cav_un_auth*0058139 Havlínová A. CZ 50 cav_un_auth*0293468 Kukačka Jiří UTIA-B Ekonometrie Department of Econometrics E E Department of Econometrics CZ 50 K Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2021/E/kukacka-0545617.pdf https://link.springer.com/article/10.1007/s10551-021-04935-9 PRIMUS/19/HUM/17 GA UK CZ cav_un_auth*0409019 We analyze the relationship between corporate social responsibility and the stock market performance in the post-global financial crisis period. A new measure of social responsibility by Thomson Reuters, called the ESG Combined Score, is used. As a novel feature of our analysis, socially responsible engagement is divided into the strategic activities closely related to the examined companies’ core business and the remaining secondary activities. The results of the fixed effects regression show a positive and statistically, as well as economically, significant impact of the strategic activities on the corporate stock market performance of companies. This impact is up to 103% higher compared to the secondary activities. The empirical results suggest that if companies aim to increase their share prices via the corporate social responsibility channel, they should strategically select their socially responsible initiatives. WOS AH 50000 50200 50204 2024 2 RVO:67985556 http://hdl.handle.net/11104/0322310 cav_un_auth*0413959 Fakulta sociálních věd, Univerzita Karlova FSV UK CZ S 1* Article Business|Ethics C BUSINESS|ETHICS 8 1 8.7 0.03373 1.93 51311 277 2.624 92.05 7.25 8033 Q1 5.500 252 Q1 90.8 Q2 Q1* 1.77 Q1 96.8 2023 85114872010 SCOPUS PUBMED 000695753500001 WOS cav_un_epca*0251139 Journal of Business Ethics Roč. 182 č. 1 2023 223 242 0167-4544 1573-0697 Springer