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Determinants of CSR and its Economic Consequences : 기업의 사회적 책임과 그 경제적 귀결
DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | 백복현 | - |
dc.contributor.author | 박청은 | - |
dc.date.accessioned | 2017-07-14T04:44:27Z | - |
dc.date.available | 2017-07-14T04:44:27Z | - |
dc.date.issued | 2012-08 | - |
dc.identifier.other | 000000003112 | - |
dc.identifier.uri | https://hdl.handle.net/10371/124376 | - |
dc.description | 학위논문 (석사)-- 서울대학교 대학원 : 경영학과, 2012. 8. 백복현. | - |
dc.description.abstract | Corporate Social Responsibility has traits that are innately qualitative, as it addresses beyond what sheer numerical figures would portray in financial statements. In the advanced economy, firms comprehensively respond to the society with upscale CSR performance rather than a simple reporting of profits. This paper ventures into the determinant of CSR and how CSR affects firm economic performances. By incorporating major financial accounts within empirical analysis, the dynamics of CSR in terms of concrete financial factors are manifest, and in this way we look into the determining mechanisms of accounting measures. Observing Tobins Q and portions of foreign equity holders renders economic consequences of CSR-practicing firms visible. Using a large sample of Korean firms for the period of 2003-2009, we find that large firms, R&D oriented firms, and good performing firms are more likely to invest in CSR while financially distressed firms reduce investment in CSR. Further, we find that foreign institutional investors invest in firms with greater CSR investment and the market positively reacts to CSR. | - |
dc.description.tableofcontents | 1. Introduction 3
2. Hypothesis Development 7 2.1.Determinants of CSR 7 2.2.Economic Consequences 10 Valuation and CSR 10 CSR and the Portion of Foreign Equity Investments 14 3. Research Design and Data 18 3.1.Research Design 18 3.2.Data 22 4. Empirical Results 24 4.1.Determinants of CSR 25 4.2.Valuation and CSR 37 4.3.CSR and the Portion of Foreign Equity Investments 42 5. Conclusion 44 References 46 | - |
dc.format | application/pdf | - |
dc.format.extent | 1543141 bytes | - |
dc.format.medium | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | 서울대학교 대학원 | - |
dc.subject | Corporate social responsibility | - |
dc.subject | Economic consequences | - |
dc.subject | firm value | - |
dc.subject | tobin's q | - |
dc.subject | foreign equity investments | - |
dc.subject.ddc | 658 | - |
dc.title | Determinants of CSR and its Economic Consequences | - |
dc.title.alternative | 기업의 사회적 책임과 그 경제적 귀결 | - |
dc.type | Thesis | - |
dc.contributor.AlternativeAuthor | Michelle ChungEun Park | - |
dc.description.degree | Master | - |
dc.citation.pages | XLIV, 44 | - |
dc.contributor.affiliation | 경영대학 경영학과 | - |
dc.date.awarded | 2012-08 | - |
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