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A Study on Relation between Corporate Social Responsibility and Profitability-and-Corporate Value

Author

Listed:
  • 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.)

Abstract

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 Tobin’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 (Tobin’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.

Suggested Citation

  • Hae-Jong Seo & Kee-Woong Kim & Jin-Woo Park, 2015. "A Study on Relation between Corporate Social Responsibility and Profitability-and-Corporate Value," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(10), pages 45-54, Octomber.
    • Handle: RePEc:mir:mirbus:v:5:y:2015:i:10:p:45-54
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    Cited by:

    1. Roberto Rocha & Ana Bandeira & Patrícia Ramos, 2024. "The Impact of Social Responsibility on the Performance of European Listed Companies," Sustainability, MDPI, vol. 16(17), pages 1-35, September.
    2. Ting-Kun Liu, 2020. "The Impact of Corporate Social Responsibility on Performance in the Financial Industry," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(9), pages 1037-1050, September.
    3. Gonzalo Maldonado-Guzman & Sandra Yesenia Pinzon-Castro & Gabriela Citlalli Lopez-Torres, 2016. "Corporate Social Responsibility and Business Performance: The Role of Mexican SMEs," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 6(10), pages 568-579, October.
    4. Tahir Hamid, Kabir & Ibrahim, Mohammed, 2020. "The Moderating Effect Of Corporate Governance On The Relationship Between Corporate Social Responsibility And Financial Performance Of Listed Non-Financial Services Companies In Nigeria," International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), The Institute of Chartered Accountants of Nigeria (ICAN), vol. 9(1), pages 69-89, March.
    5. Bongani Munkuli & Renee Horne, 2018. "Financial Markets Value Reputation for Corporate Social Responsibility (CSR) – A Study of the South African Mining Sector," Africagrowth Agenda, Africagrowth Institute, vol. 15(2), pages 17-22.
    6. Daehyeon Park & Jinhyeong Jo & Doojin Ryu, 2021. "Incentive Contracts for Sustainable Growth of Small or Medium-Sized Enterprise," Sustainability, MDPI, vol. 13(9), pages 1-10, April.
    7. Seles, Bruno Michel Roman Pais & Lopes de Sousa Jabbour, Ana Beatriz & Jabbour, Charbel Jose Chiappetta & Latan, Hengky & Roubaud, David, 2019. "Do Environmental Practices Improve Business Performance Even in an Economic Crisis? Extending the Win-Win Perspective," Ecological Economics, Elsevier, vol. 163(C), pages 189-204.

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