A Study on Relation between Corporate Social Responsibility and Profitability-and-Corporate Value
Hae-Jong Seo (),
Kee-Woong Kim () and
Jin-Woo Park ()
Additional contact information
Hae-Jong Seo: Department of Business Administration, Korea Aerospace University.
Kee-Woong Kim: Department of Business Administration, Korea Aerospace University, Goyang city, South Korea.
Jin-Woo Park: Department of Business Administration, Korea Aerospace University, Goyang city, South Korea.
International Journal of Business and Social Research, 2015, vol. 5, issue 10, 45-54
The purpose of this research is to analyze whether there is a systematic relation between CSR performance and corporate profitability-and-corporate value with Korean companies as target. For the purpose, 943 KEJI indexes that have been calculated from 2012 to 2014 were used as surrogate variables of CSR, and ROA and Tobinâ€™s q were used as surrogate variables of corporate profitability-and-corporate value before a correlation analysis and a regression analysis were carried out. As a result of analysis, a significant positive (+) relation appeared between CSR performance measured by KEJI index and corporate profitability (ROA) and corporate value (Tobinâ€™s q). Based on this analysis result, we have examined preceding studies with regard to the relation between CSR and financial performance of companies and presented possibility of CSR as a key management strategy of a company.
Keywords: Corporate value, CSR, KEJI, profitability, ROA, shareholder approach; stakeholder approach; Tobinâ€™s q. (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:lrc:larijb:v:5:y:2015:i:10:p:45-54
Access Statistics for this article
More articles in International Journal of Business and Social Research from LAR Center Press
Bibliographic data for series maintained by Al Hossain ().