The impact of corporate social responsibility on corporate value

DOI

10.2991/978-94-6463-262-0_107How to use a DOI?

Keywords

Corporate social responsibility; Uncertainty; Real Option

Abstract

Uncertainty is a typical characteristic faced by enterprises. Institutional theory holds that uncertainty can help enterprises improve the value of fulfilling their social responsibilities. This paper discusses the conditions of the application of real option logic to corporate social responsibility and distinguishes the endogenous uncertainty from the exogenous uncertainty. Using the annual sample of 4561 Chinese listed companies from 2011 to 2019, the empirical analysis shows that economic policy uncertainty applies to the impact of the value of call options predicted by the real option theory.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ruijing Wang
PY  - 2023
DA  - 2023/10/09
TI  - The impact of corporate social responsibility on corporate value
BT  - Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
PB  - Atlantis Press
SP  - 1052
EP  - 1059
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-262-0_107
DO  - 10.2991/978-94-6463-262-0_107
ID  - Wang2023
ER  -