Corporate Social Responsibility, Product Strategy, and Firm Value

被引：12
|
作者：
Cho, Eunho [1 ]
Tsang, Albert [2 ]
机构：
[1] North Carolina A&T State Univ, Accounting & Finance Dept, 1601 East Market St, Greensboro, NC 27411 USA
[2] Hong Kong Polytech Univ, Sch Accounting & Finance, Hong Kong, Peoples R China
来源：
ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | 2020年 / 49卷 / 02期
关键词：
Corporate social responsibility; Cost leadership; Differentiation; Firm value; Strategic fit; FINANCIAL PERFORMANCE; DIFFERENTIATION STRATEGY; FIT; MANAGEMENT; IMPACT; GOVERNANCE; DISCLOSURE; CSR; CONGRUENCE; RETURNS;
D O I：
10.1111/ajfs.12291
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the role of a firm's product strategy on the relationship between corporate social responsibility (CSR) and firm value. Using a sample of 1287 firm-year observations of Korean listed manufacturing firms from 2005 to 2016, we find that a firm's product differentiation strategies strengthen the association between CSR and firm value, whereas cost-leadership strategies weaken such a relationship. Our findings demonstrate the importance of attaining a strategic fit between CSR activities and product strategies, and highlight the importance of considering a firm's product strategy when evaluating a firm's CSR investment.
引用
收藏
页码：272 / 298
页数：27
相关论文
共 50 条
  • [41] Firm Internationalization and Corporate Social Responsibility
    Najah Attig
    Narjess Boubakri
    Sadok El Ghoul
    Omrane Guedhami
    Journal of Business Ethics, 2016, 134 : 171 - 197
  • [42] Corporate social responsibility and firm performance
    Department of International Business, National Kaohsiung University of Applied Sciences, Kaohsiung, Taiwan
    不详
    Proc. - Int. Conf. Bus. Intell. Financ. Eng., BIFE, (390-394):
  • [43] Firm Nature and Corporate Social Responsibility
    Xiong Wei
    PROCEEDINGS OF THE 6TH EURO-ASIA CONFERENCE ON ENVIRONMENT AND CSR: SOCIETY AND TOURISM MANAGEMENT SESSION, PT I, 2010, : 44 - 47
  • [44] Does Rivals' product recall increase Firm's product related corporate social Responsibility?
    Gong, Rong
    JOURNAL OF BUSINESS RESEARCH, 2024, 170
  • [45] Does Firm Political Risk Affect the Relationship between Corporate Social Responsibility and Firm Value?
    Marhfor, Ahmed
    Bouslah, Kais
    Hmaittane, Abdelmajid
    SUSTAINABILITY, 2022, 14 (18)
  • [46] Can corporate social responsibility protect firm value during corporate environmental violation events?
    Ouyang, Zhe
    Lv, Ruixue
    Liu, Yang
    CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2023, 30 (04) : 1942 - 1952
  • [47] Good Corporate Governance, Corporate Social Responsibility, Firm Value, and Financial Performance as Moderating Variable
    Mukhtaruddin, Mukhtaruddin
    Ubaidillahz, Ubaidillah
    Dewi, Kencana
    Hakiki, Arista
    Nopriyanto, Nopriyanto
    INDONESIAN JOURNAL OF SUSTAINABILITY ACCOUNTING AND MANAGEMENT, 2019, 3 (01) : 55 - 64
  • [48] Implementation of Corporate Social Responsibility Strategy to Enhance Firm Reputation and Competitive Advantage
    Ngoc Khuong Mai
    An Khoa Truong Nguyen
    Thanh Thuy Nguyen
    JOURNAL OF COMPETITIVENESS, 2021, 13 (04) : 96 - 114
  • [49] Business strategy, corporate social responsibility, and within-firm pay gap
    Kong, Xiaowei
    Jiang, Fan
    Zhu, Ling
    ECONOMIC MODELLING, 2022, 106
  • [50] Does social responsibility improve firm value? Evidence from mandatory corporate social responsibility regulations in India
    Jadiyappa, Nemiraja
    Iyer, Subramanian R.
    Jyothi, Pavana
    INTERNATIONAL REVIEW OF FINANCE, 2021, 21 (02) : 653 - 660
12345