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http://dx.doi.org/10.14400/JDC.2018.16.12.137

Relationships between SRI disclosure and business performance  

Hwang, Seong-Jun (Dept. of Business Administration, Pusan National University)
Ryu, Su-Jeon (Dept. of Business Administration, Pusan National University)
Publication Information
Journal of Digital Convergence / v.16, no.12, 2018 , pp. 137-145 More about this Journal
Abstract
The purpose of this study is to identify the CSR activities and to investigate the relationship between CSR activities and business performance. Specifically, we analyzed the companies that were included in the SRI index as CSR activity companies, and analyzed how they affect the business performance of the companies according to SRI index incorporation disclosure. As a result of the analysis, the SRI index incorporation announcement has a significant positive effect on the corporate value(Tobin's Q) but it has not significant effect on the financial performance(ROA). This suggests that CSR activities are offered to companies' managers and stakeholders as a basis for investment rather than expense. In the future research, it will be more meaningful if the study on the intention to participate in CSR activities is conducted based on this study and previous studies.
Keywords
Corporate Social Responsibility(CSR); Socially Responsible Investment(SRI); Business Performance; Return On Assets(ROA); Tobin's Q;
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Times Cited By KSCI : 4  (Citation Analysis)
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