Author/s, year, and paper title	Journal name	Research question	Data and Methodology	Findings/Results	Conclusion
Lins et al. (2017). Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis.	The Journal of Finance	How corporate social responsibility intensity impact stock returns in global financial crisis	Largest U.S. companies (3,00 firms) Regression models	Firms with high social capital have higher stock returns that than firms with low social capital.	Firm- Stakeholder trust, developed in investments via social capital, benefit when corporations and markets suffers a negative shock
Bouslah et al. (2018). Social performance and firm risk: impact of the financial crisis.	Journal of Business Ethics	Does social performance impact firm's risk during the financial crisis	U.S. firms covering the period 1991–2012.  CAPM and the four-factor Carhart	Social performance reduces volatility during the financial crisis.	Social performance act as a risk reduction tool during an adverse economic environment.
Lins et al. (2019). Social capital, trust, and corporate performance: how CSR helped companies during the financial crisis (and why it can keep helping them).	Journal of Applied Corporate Finance	How does CSR help companies during the financial crisis	Largest U.S. companies (3,00 firms) Regression models	high-CSR companies have high stock returns during the 2008–2009 financial crisis and higher excess returns during the Enron crisis of 2001–2003	Social capital increases shareholder wealth by reducing companies' downside risk.
Marsat et al. (2020). Is there a trade-off between environmental performance and financial resilience? International evidence from the subprime crisis	Accounting & Finance	Is there a trade-off between environmental performance and financial resilience?	One thousand six hundred twenty-two firms from 20 countries	High pre-crisis environmental performance significantly increased the time of firms' market price recovery after the subprime crisis.	This result suggests that environmental performance seems like an organisational limitation that may restrict the capacity of firms to be financially resistant.
Farza et al. (2021). Does it pay to go green? The environmental innovation effect on corporate financial performance	Journal of Environmental Management	How does green innovation impact corporate financial performance	German HDAX companies from 2008 to 2019 A two-step GMM system and penalised-spline estimation	Positive relationship between green innovation and financial performance.	Green innovation drives resource efficiency and enhances corporate reputation, which, in turn, boosts financial performance.
Guérin and Suntheim (2021) Firms' environmental performance and the COVID-19 crisis	Economics Letters	How does COVID −19 impact the environmental performance of the firm	7000 listed firms from 2002 to 2019	Financial constraints and adverse economic conditions are negatively affected in firms' environmental efficiency and green investments.	This study emphasis the significance of climate policies and green recovery