Corporate social responsibility and firm performance: Evidence from Korea

被引：3

作者：

You, Wonhee ^{[1
]}

Mueller-Merbach, Jens ^{[2
]}

Ryu, Doojin ^{[1
]}

机构：

[1] Sungkyunkwan Univ, Dept Econ, Seoul, South Korea

[2] Frankfurt Univ Appl Sci, Frankfurt, Germany

来源：

INVESTMENT ANALYSTS JOURNAL | 2024年

关键词：

Corporate financial performance; corporate social responsibility; Korean market; manufacturing firm; panel data analysis; G14; G32; M14; Q56; FINANCIAL PERFORMANCE; CSR; SATISFACTION; GOVERNANCE;

D O I：

10.1080/10293523.2024.2412451

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study explores the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in listed Korean companies over ten years. The results show a significant positive effect of CSR on CFP in the manufacturing sector, but no notable impact in the non-manufacturing sector. A detailed analysis identifies social contribution as the key driver of this positive effect, while the other CSR sub-categories play a minor role. Higher ownership by majority shareholders and treasury stock is associated with lower CSR. This research enhances understanding of the CSR-CFP link in Korea, offering valuable insights for insiders and investors in decision-making.

引用

页数：19

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