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Assessing whether corporate social responsibility influence corporate value

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  • Roger C. Y. Chen
  • Chen-Hsun Lee

Abstract

This study used the corporate social responsibility (CSR) index to gauge the corporate value and social responsibility performance of corporations in Taiwan. We investigated whether CSR influences corporate value and whether the extent of that influence varies with corporate value or time. The results indicate that the influence of CSR on corporate value does not change with time. CSR exerts a positive influence on company value, and this influence does not change over time. However, the extent of the influence significantly varies with corporate value. When the corporate value of a company is not high, investing in CSR would only increase costs and fail to effectively increase corporate value. In contrast, if the corporate value of the company is high, investments in CSR in this circumstance would instead promote the effective increase of corporate value.

Suggested Citation

  • Roger C. Y. Chen & Chen-Hsun Lee, 2017. "Assessing whether corporate social responsibility influence corporate value," Applied Economics, Taylor & Francis Journals, vol. 49(54), pages 5547-5557, November.
    • Handle: RePEc:taf:applec:v:49:y:2017:i:54:p:5547-5557
    DOI: 10.1080/00036846.2017.1313949
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    References listed on IDEAS

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    Cited by:

    1. Wendong Lv & Yuan Wei & Xiaoyun Li & Lin Lin, 2019. "What Dimension of CSR Matters to Organizational Resilience? Evidence from China," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
    2. Yong Hu & Qian Liu, 2023. "Local Digital Economy and Corporate Social Responsibility," Sustainability, MDPI, vol. 15(11), pages 1-20, May.
    3. Guiyu Bai & Delin Meng, 2022. "Assessing Influence Mechanism of Management Overconfidence, Corporate Environmental Responsibility and Corporate Value: The Moderating Effect of Government Environmental Governance and Media Attention," IJERPH, MDPI, vol. 20(1), pages 1-19, December.
    4. Samuel Leroy Cabrera-Luján & David Josías Sánchez-Lima & Segundo Alberto Guevara-Flores & Dany Yudet Millones-Liza & Elizabeth Emperatriz García-Salirrosas & Miluska Villar-Guevara, 2023. "Impact of Corporate Social Responsibility, Business Ethics and Corporate Reputation on the Retention of Users of Third-Sector Institutions," Sustainability, MDPI, vol. 15(3), pages 1-18, January.
    5. Jungsun (Sunny) Kim & Choong-Ki Lee, 2019. "Effects of CSR, responsible gambling, and negative social impacts on perceived benefits and quality of life in gaming communities," Tourism Economics, , vol. 25(4), pages 500-519, June.

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