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CSR committee and firm value during the COVID-19 pandemic

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  • Yu-Lin Hsu
  • Ya-Ching Chu

Abstract

This paper investigates whether the presence of CSR committees has a mitigating effect on firm value (measured by Tobin’s Q) during the COVID-19 pandemic. Analyzing UK listed firm data, we find that although the pandemic results in lower firm value, the presence of CSR committees helps to mitigate the negative impact of COVID-19 on firm value. The results suggest that the formation of CSR committees is not a symbolic impression management tool but an effective sustainability governance mechanism during the crisis. Our results should be helpful for regulators and companies in making decisions related to CSR committees. Â

Suggested Citation

  • Yu-Lin Hsu & Ya-Ching Chu, 2023. "CSR committee and firm value during the COVID-19 pandemic," Economics and Business Letters, Oviedo University Press, vol. 12(2), pages 137-146.
    • Handle: RePEc:ove:journl:aid:18826
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/18826
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    References listed on IDEAS

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    1. Kuo-Shing Chen, 2024. "Investigating the Impact of Financial Reporting for Cryptocurrencies on Company Value," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 14(3), pages 1-6.

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