Do Investors Truly Value Corporate Social Responsibility in Companies Listed on the Korean Stock Markets?
- Gee Jung Kwon
AbstractThis study investigates the value relevance and market response of corporate social responsibility (CSR) activities from 2001 to 2010. This paper examines whether donation expenditure (proxies for CSR) is significantly related to next year’s earnings and whether Korean investors truly react to the information on CSR activities. The empirical results of this paper indicate that donation expenditure (which proxies for social contribution activities) is significantly associated with firm value and Korean market investors are fully aware of the information content of donation expenditure.
- Full Text: PDF
This work is licensed under a Creative Commons Attribution 4.0 License.
- Academic Journals Database
- BASE (Bielefeld Academic Search Engine)
- Berkeley Library
- CNKI Scholar
- Elektronische Zeitschriftenbibliothek (EZB)
- Excellence in Research for Australia (ERA)
- Genamics JournalSeek
- GETIT@YALE (Yale University Library)
- Harvard Library
- IBZ Online
- Open J-Gate
- PKP Open Archives Harvester
- Questia Online Library
- Standard Periodical Directory
- Stanford Libraries
- Technische Informationsbibliothek (TIB)
- The Keepers Registry
- Universe Digital Library
- Jenny ZhangEditorial Assistant