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Value of corporate responsibility
Åbo Akademi University, Finland.
Umeå University, Sweden.
2011 (English)In: Corporate responsibility, Kahbarovsk: Khabarovsk State Academy of Economics and Law , 2011, 144-148 p.Chapter in book (Other academic)
Abstract [en]

In a rapidly growing and changing field of corporate responsibility and sustainable and responsible investment, the impact of corporate social performance (CSP) and corporate environmental performance (CEP) on corporate market value is increasingly important for investors and companies. Comprehensive literature reviews indicate that the overall effect is positive but weak. This paper advances prior literature by arguing that CSP and CEP create potentially intangible value beyond the value of financial statements and introduces holistic extra-financial performance ratings into an accounting valuation model. This paper finds that environmental performance and some dimensions of social performance are specific extra-financial drivers of corporate market value. The evidence also supports weak positive average relations that are, however, driven by industry and size differences.

Place, publisher, year, edition, pages
Kahbarovsk: Khabarovsk State Academy of Economics and Law , 2011. 144-148 p.
Series
North-East Asia Academic Forum
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
URN: urn:nbn:se:lnu:diva-49456ISBN: 978-5-7823-0570-3 (print)OAI: oai:DiVA.org:lnu-49456DiVA: diva2:899021
Available from: 2016-01-30 Created: 2016-01-30 Last updated: 2016-02-05Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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Language
  • de-DE
  • en-GB
  • en-US
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  • nn-NO
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  • Other locale
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Output format
  • html
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