A Study on Corporate Governance, Social Responsibility and Firm Value

被引：0
|
作者：
Yu Xiaohong [1 ]
Wu Wenjing [1 ]
机构：
[1] Jilin Univ Finance & Econ, Accounting Sch, Changchun, Peoples R China
来源：
PROCEEDINGS OF THE SEVENTH INTERNATIONAL SYMPOSIUM - CORPORATE GOVERNANCE | 2013年
关键词：
Corporate governance; Corporate social responsibility; Firm value; INSTITUTIONAL OWNERSHIP; PERFORMANCE;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
This article constructs corporate social responsibility contribution index and tests the relationships among corporate governance, CSR and corporate value nexus. Employing the panel data of 1188 listed companies in Chinese A share market during 2007-2011 period, we find that the stronger CSR engagement choice is positively associated with governance characteristics, including executives' salaries, directors' ownership, state-owned shareholding ratio and tradable shareholding ratio, and the weaker CSR engagement choice is positively associated with CEO ownership and duality. In addition, our results show that stronger CSR engagement has negative affection for current firm value; but that over two years, stronger CSR engagement positively influences firm value in the long-run. Therefore, the fulfillment of sustainable corporate social responsibility has obvious improvement to firm value.
引用
收藏
页码：3 / 10
页数：8
相关论文
共 50 条
  • [1] Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility
    Jo, Hoje
    Harjoto, Maretno A.
    JOURNAL OF BUSINESS ETHICS, 2011, 103 (03) : 351 - 383
  • [2] Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility
    Hoje Jo
    Maretno A. Harjoto
    Journal of Business Ethics, 2011, 103 : 351 - 383
  • [3] Good corporate governance or corporate social responsibility: which affects the firm value and performance?
    Asyik, Nur Fadjrih
    Dewi, Mega Arisia
    Respatia, Wimba
    Santoso, Aprih
    Ilham, Rico Nur
    COGENT SOCIAL SCIENCES, 2024, 10 (01):
  • [4] Corporate social responsibility and firm value: the role of enterprise risk management and corporate governance
    Farooq, Muhammad
    Khan, Imran
    Kainat, Mariam
    Mumtaz, Adeel
    CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2025, 25 (03): : 631 - 663
  • [5] Corporate Social Responsibility, Firm Value and Corporate Governance Code Revisions: The Asian Evidence*
    Ooi, Chai-Aun
    Hooy, Chee-Wooi
    Nagata, Kyoko
    ASIAN ECONOMIC JOURNAL, 2021, 35 (01) : 27 - 56
  • [6] Information Disclosure on Good Corporate Governance and Corporate Social Responsibility as Determinants of Firm Value
    Indriastuti, Maya
    Winarsih
    Najihah, Naila
    COMPLEX, INTELLIGENT AND SOFTWARE INTENSIVE SYSTEMS, 2021, 1194 : 375 - 382
  • [7] 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
  • [8] Corporate social responsibility, competition, and firm value
    Gupta, Kartick
    Krishnamurti, Chandrasekhar
    PACIFIC-BASIN FINANCE JOURNAL, 2021, 68
  • [9] Corporate Social Responsibility and Firm Value Protection
    Ogachi, Daniel
    Zoltan, Zeman
    INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2020, 8 (04): : 1 - 22
  • [10] Investigating the Interactive Effect of Corporate Governance and Corporate Social Responsibility on the Firm Value in the Tehran Stock Exchange
    Khanaghah, Jamal Barzegari
    Sadeghi, Hojjat Allah
    Ghadakforoushan, Maryam
    IRANIAN JOURNAL OF MANAGEMENT STUDIES, 2019, 12 (03) : 425 - 450
12345