http://dx.doi.org/10.1007/s10551-009-0164-3">
 

Document Type

Journal Article

Department/Unit

Department of Finance & Decision Sciences

Title

Does corporate social responsibility matter in Asian emerging markets?

Language

English

Abstract

This study addresses the question whether corporate social responsibility (CSR) matters in Asian Emerging Markets. Based on CSR scores compiled by Credit Lyonnais Securities (Asia), we assess the CSR performance of major Asian firms over a period of 3 years, from 2001 to 2004. The results show that there is a positive and significant relation between CSR and market valuation among Asian firms. We further find that CSR is positively related to the market valuation of the subsequent year. More importantly, Asian firms are rewarded by the market for improving their CSR practice. © Springer 2009.

Keywords

Asian Emerging Markets, Corporate social responsibility, Corporate valuation

Publication Date

2010

Source Publication Title

Journal of Business Ethics

Volume

92

Issue

3

Start Page

401

End Page

413

Publisher

Springer Verlag

ISSN (print)

01674544

ISSN (electronic)

15730697

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