Company Social Investments: Growth of Capitalization and Risks (The Case of Russia)

Irina Tkachenko () and Ludmila Ramenskaya ()
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Irina Tkachenko: Ural State University of Economics
Ludmila Ramenskaya: Ural State University of Economics

A chapter in Responsible Corporate Governance, 2017, pp 51-71 from Springer

Abstract: Abstract The paper presents the results of the empirical study of 15 largest Russian public companies in different sectors of economy with the most developed models of corporate social responsibility (CSR). The aim of the study is to explore how social investments affect Russian firms’ market value and to compare the types of risks that the sample companies considered as important areas of investments in CSR. The findings showed a positive correlation between company investments in creating better working conditions, occupational health and safety, environment-related activities and company capitalization. In the majority of cases, these two factors make a major impact on minimizing company risks. At the same time it was found out that company reputational risks are undervalued.

Keywords: Corporate Social Responsibility; Audit Committee; External Stakeholder; Supervisory Board; Corporate Sustainability (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-55206-4_4

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DOI: 10.1007/978-3-319-55206-4_4

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