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• W2010455311 abstract "This paper studies the empirical relation between corporate social responsibility (CSR) and corporate financial performance in Korea using a sample of 1222 firm-years during 2002—2008. We measure corporate social responsibility by both an equal-weighted CSR index and a stakeholder-weighted CSR index suggested by Akpinar et al. (2008). Corporate financial performance is measured by return on equity, return on assets, and Tobin’s Q. We find a positive and significant relationship between corporate financial performance and the stakeholder-weighted CSR index, but not the equal-weighted CSR index. This finding is robust to alternative model specifications and several additional tests, providing evidence in support of instrumental stakeholder theory." @default.
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• W2010455311 date "2010-12-01" @default.
• W2010455311 modified "2023-10-02" @default.
• W2010455311 title "Corporate social responsibility and corporate financial performance: Evidence from Korea" @default.
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• W2010455311 doi "https://doi.org/10.1177/0312896210384681" @default.
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