THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON CORPORATE VALUE

Diana Dobrescu ()
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Diana Dobrescu: Academy of Economic Studies, Faculty of Finance, Insurance, Banking and Stock Exchange, Bucharest, Romania

The USV Annals of Economics and Public Administration, 2013, vol. 13, issue 2(18), 91-101

Abstract: This paper investigates the correlation between Corporate Social Responsability actions and companies’ value. For this purpose a data base was created for 101 important companies in Romania, for years 2011 and 2012. The data was processed using Eviews 7 and SAS 9.2 softwares and the econometric variables specific determinations were interpreted in an econometric approach. A new index for the Corporate Social Responsabilitiy hierarchy levels was proposed and its applicability was demonstrated.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:13:y:2013:i:2(18):p:91-101

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