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HomePaperOne Hundred and Thirty Years of Corporate Responsibility

One Hundred and Thirty Years of Corporate Responsibility

29 February 2024
Authors: Joel Houston (University of Florida), Sehoon Kim (University of Florida) and Boyuan Li (University of Florida)
Presenter: Boyuan Li (University of Florida)

U.S. history is punctuated by public discourse about the externalities and responsibilities of business in time-varying context. Applying natural language processing (NLP) techniques that account for context evolution in historical news text, we develop a monthly time-series index dating back to the late 19th century that measures public attention to environmental and social issues related to business (ESIX). We explore the properties of ESIX, and relate it to macroeconomic fluctuations, asset prices, and corporate decisions.

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