文章基本信息

标题：Do Investors Truly Value Corporate Social Responsibility in Companies Listed on the Korean Stock Markets?
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作者：Gee Jung Kwon
期刊名称：Asian Social Science
印刷版ISSN：1911-2017
电子版ISSN：1911-2025
出版年度：2013
卷号：9
期号：4
页码：1
DOI：10.5539/ass.v9n4p1
出版社：Canadian Center of Science and Education
摘要：This study investigates the value relevance and market response of corporate social responsibility (CSR) activities from 2001 to 2010. This paper examines whether donation expenditure (proxies for CSR) is significantly related to next year’s earnings and whether Korean investors truly react to the information on CSR activities. The empirical results of this paper indicate that donation expenditure (which proxies for social contribution activities) is significantly associated with firm value and Korean market investors are fully aware of the information content of donation expenditure.