This PhD course offers an in-depth exploration of corporate social responsibility (CSR) research, with a strong emphasis on empirical work that informs policies related to disclosure, transparency, and accountability. The course predominantly examines research published in accounting, with relevant contributions from economics, finance, and law to provide a well-rounded perspective.
The first part of the course delves into research that sheds light on corporate and investor behaviors around ESG (Environmental, Social, and Governance) issues. Key topics include the use of ESG information by investors and stakeholders, ESG ratings, greenwashing practices, and the unintended consequences of regulatory actions, such as leakage.
The second part of the course centers on sustainability challenges specific to developing countries, which play a crucial role in global sustainability efforts. These regions often face unique challenges, yet they are integral to understanding the broader impact of corporate practices on communities worldwide. We will examine how multinational corporations affect local communities through their supply chains and subsidiaries, and explore the roles of local actors in promoting sustainable practices within these contexts.
Throughout, we will examine the real-world and capital market impacts of various CSR policies using a range of empirical methods, including archival, survey, and experimental approaches. Each topic includes discussions on empirical challenges, such as theoretical underpinnings, research design considerations, and data limitations, along with brainstorming for future research avenues.
Each week, students will engage with a selection of papers on a specific topic. From Week 2 onward, a different student will prepare a brief (one-page) summary of each paper and lead the discussion. Class sessions are designed to foster collaborative dialogue rather than traditional lectures, allowing students to actively engage in exploring complex CSR research topics.
I will update the syllabus December 2024.
