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Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2019.1679213

The effects of social responsibility on company value: a real options perspective of Taiwan companies

Kuo-Jung Lee ; Department of Commerce Automation and Management, National Pingtung University, Pingtung City, Taiwan

Puni tekst: engleski, pdf (1 MB) str. 3835-3852 preuzimanja: 41* citiraj
APA 6th Edition
Lee, K. (2019). The effects of social responsibility on company value: a real options perspective of Taiwan companies. Economic research - Ekonomska istraživanja, 32 (1), 3835-3852. https://doi.org/10.1080/1331677X.2019.1679213
MLA 8th Edition
Lee, Kuo-Jung. "The effects of social responsibility on company value: a real options perspective of Taiwan companies." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 3835-3852. https://doi.org/10.1080/1331677X.2019.1679213. Citirano 28.03.2020.
Chicago 17th Edition
Lee, Kuo-Jung. "The effects of social responsibility on company value: a real options perspective of Taiwan companies." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 3835-3852. https://doi.org/10.1080/1331677X.2019.1679213
Harvard
Lee, K. (2019). 'The effects of social responsibility on company value: a real options perspective of Taiwan companies', Economic research - Ekonomska istraživanja, 32(1), str. 3835-3852. https://doi.org/10.1080/1331677X.2019.1679213
Vancouver
Lee K. The effects of social responsibility on company value: a real options perspective of Taiwan companies. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 28.03.2020.];32(1):3835-3852. https://doi.org/10.1080/1331677X.2019.1679213
IEEE
K. Lee, "The effects of social responsibility on company value: a real options perspective of Taiwan companies", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 3835-3852, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1679213

Sažetak
Corporate social responsibility (CSR) is a subject that has garnered considerable attention in recent years. This study conducts the empirical study by using a real options perspective to examine whether a company’s CSR commitment tends to increase its market value. According to Taiwan’s CommonWealth Magazine, this study distinguishes CSR and non-CSR companies. The paper estimates and compares the real options values of CSR and non-CSR companies and shows that high percentage of the company value is attributed to real options. This study finds that a company’s commitment to fulfilling its social responsibility increases its real options value and that the higher the number of CSR Awards won by a company, the higher its real options value. Compared with 10 years ago, investors now pay more attention to companies’ CSR performance. In addition, the higher a company’s size, systematic risk, fixed asset ratio, debt ratio, or skewness in stock returns, the higher a real options value is likely to be.

Ključne riječi
Corporate social responsibility; real options; company value; panel data; Taiwan

Hrčak ID: 229738

URI
https://hrcak.srce.hr/229738

Posjeta: 63 *