Permanency of CSR Activities and Firm Value
DC Field | Value | Language |
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dc.contributor.author | Jeong, Kwang Hwa | - |
dc.contributor.author | Jeong, Seok Woo | - |
dc.contributor.author | Lee, Woo Jae | - |
dc.contributor.author | Bae, Seong Ho | - |
dc.date.accessioned | 2021-12-16T12:26:42Z | - |
dc.date.available | 2021-12-16T12:26:42Z | - |
dc.date.created | 2021-08-30 | - |
dc.date.issued | 2018-09 | - |
dc.identifier.issn | 0167-4544 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/131754 | - |
dc.description.abstract | This paper investigates whether the pattern of firms' corporate social responsibility (CSR) activities affects firm value. If firms do permanently CSR activities for strategic purposes, firms' value is more likely to increase. Using firms known to do CSR in Korea, we examine the valuation effect by adopting an earnings response coefficient (ERC) model and document firms with permanent CSR activities, which show higher ERCs than other firms regardless of the level of CSR activities. This result partly explains the inconsistency among the results of previous studies by showing the differential implication for firm value depending on the CSR activity pattern. Also, the results of our paper imply that investors need to consider the pattern of firms' CSR activities in their economic decision making. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | SPRINGER | - |
dc.subject | CORPORATE SOCIAL-RESPONSIBILITY | - |
dc.subject | FINANCIAL PERFORMANCE | - |
dc.subject | NONFINANCIAL DISCLOSURE | - |
dc.subject | SUSTAINABILITY REPORTS | - |
dc.subject | EARNINGS MANAGEMENT | - |
dc.subject | QUALITY | - |
dc.subject | ASSURANCE | - |
dc.subject | PROFITABILITY | - |
dc.subject | MAXIMIZATION | - |
dc.subject | ASSOCIATION | - |
dc.title | Permanency of CSR Activities and Firm Value | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Jeong, Seok Woo | - |
dc.identifier.doi | 10.1007/s10551-016-3273-9 | - |
dc.identifier.scopusid | 2-s2.0-84979530554 | - |
dc.identifier.wosid | 000444564100014 | - |
dc.identifier.bibliographicCitation | JOURNAL OF BUSINESS ETHICS, v.152, no.1, pp.207 - 223 | - |
dc.relation.isPartOf | JOURNAL OF BUSINESS ETHICS | - |
dc.citation.title | JOURNAL OF BUSINESS ETHICS | - |
dc.citation.volume | 152 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 207 | - |
dc.citation.endPage | 223 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | Social Sciences - Other Topics | - |
dc.relation.journalWebOfScienceCategory | Business | - |
dc.relation.journalWebOfScienceCategory | Ethics | - |
dc.subject.keywordPlus | CORPORATE SOCIAL-RESPONSIBILITY | - |
dc.subject.keywordPlus | FINANCIAL PERFORMANCE | - |
dc.subject.keywordPlus | NONFINANCIAL DISCLOSURE | - |
dc.subject.keywordPlus | SUSTAINABILITY REPORTS | - |
dc.subject.keywordPlus | EARNINGS MANAGEMENT | - |
dc.subject.keywordPlus | QUALITY | - |
dc.subject.keywordPlus | ASSURANCE | - |
dc.subject.keywordPlus | PROFITABILITY | - |
dc.subject.keywordPlus | MAXIMIZATION | - |
dc.subject.keywordPlus | ASSOCIATION | - |
dc.subject.keywordAuthor | Agency costs | - |
dc.subject.keywordAuthor | CSR activity permanency | - |
dc.subject.keywordAuthor | CSR activity pattern | - |
dc.subject.keywordAuthor | Earnings response coefficients | - |
dc.subject.keywordAuthor | Strategic behavior | - |
dc.subject.keywordAuthor | Stakeholder&apos | - |
dc.subject.keywordAuthor | s view | - |
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