Asymmetry (con’t) • Theoretical prediction about the role of individual stocks’ return history – Saar (2001) argues that the longer the run of price appreciation a stock experiences, the lower the buy-sell

research believes that companies investing in CSR programs are able to improve corporate image, attract more resources, and enhance operational performance. However, the other strand of thought argues that

finance in the country.  Companies can use the criteria contained in the Taxonomy as a reference. The Taxonomy can be used for checking the eligibility of underlying projects and asserts to be included in

). Additionally, this theory argues that increasing the size and diversity of the board of directors can foster a strong connection between businesses and their external environment (Goodstein, Gautam, & Boeker

observations, and the combination of these causes. 4 In addition to equity market benefits, there are compensation-related benefits to MBEB. Ke (2001) argues that CEO’s bonus incentives and equity-based