مقاله انگلیسی فعالیت های داخلی و خارجی مسئولیت اجتماعی شرکتی و ارزش شرکت
Abstract
Keywords
JEL classification
Introduction
Literature review and hypotheses development
Research design
Empirical results
Conclusion
Declaration of competing interest
References
Abstract
Despite the long history of corporate social responsibility (CSR) research, few studies have focused on CSR activities related to business partners in supply chains. In this regard, we investigate whether internal (or backward) CSR enhances firm value. Using an index from the Korea Commission for Corporate Partnership, which indicates whether a firm shares its profits with business partner companies, we find that firm value increases as this backward CSR increases. Further, after controlling for internal CSR, firms engaged only in external CSR have lower firm value than non-CSR firms. Interestingly, we find that firms involved in both internal and external CSR have higher value. Overall, by showing that internal CSR is a core activity that enhances firm value, our study provides policy implications for the regulatory bodies of different countries.
Introduction
This study investigates whether corporate social responsibility (CSR) practices related to both suppliers (internal CSR) and the community (external CSR) positively affect firm value. As prior research focuses primarily on the value ofexternal CSR activities, we expand the literature by examining the effect of internal CSR and the convergence of internal and external CSR on firm value.