An Economic Analysis of Corporate Social Responsibility in Korea

Choi, Daeheon; Chung, Chune Young; Young, Jason

doi:10.3390/su11092676

Cited by 12 publications

(14 citation statements)

References 39 publications

(63 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Over the last decades the critics' demand for their reformation has grown because of their association with political scandals, which causes owner risk. In this social atmosphere, socially responsible management practice has become one of the major agendas in these demands for both chaebol and non-chaebol firms [18,19]. While chaebols have come under wide criticism and have undergone structural changes, regardless of their state, they have faced and continue to meet new "social environmental" demands, which we verify and discuss in our analysis.…”

Section: Introductionmentioning

confidence: 80%

The Effect of ESG Performance on Tax Avoidance—Evidence from Korea

2021

View full text Add to dashboard Cite

We analyzed whether a firm’s engagement in socially responsible activities, as measured by environmental, social, and corporate governance (ESG) scores, influences their tendency to avoid tax in the Korean financial market. We found a negative relationship between Korean firms’ ESG scores and tax avoidance in terms of book-tax income difference during the sample period between 2011 and 2017. This result implies that firms with good CSR performance would tend not to manipulate taxable profits, which is in line with corporate culture theory. More interestingly, this trend has become more apparent for chaebol-affiliated firms, a special type of Korean conglomerate, than non-chaebol firms.

show abstract

Section: Introductionmentioning

confidence: 80%

The Effect of ESG Performance on Tax Avoidance—Evidence from Korea

2021

View full text Add to dashboard Cite

show abstract

“…However, over the last decade, critics' demand for their reformation has grown because of their association with political scandals, which causes owner risk. In this social atmosphere, socially responsible management practices, including environmental protection, have become a major agenda in the demands for both chaebol and non-chaebol firms [6,7]. While chaebols have come under wide criticism and have undergone structural changes, they have faced and continue to meet new "environmental" demands, which we verify and discuss in our analysis.…”

Section: Introductionmentioning

confidence: 83%

Firm-Value Effects of Carbon Emissions and Carbon Disclosures—Evidence from Korea

Lee

Cho

2021

IJERPH

View full text Add to dashboard Cite

We examine the association between carbon emissions, carbon disclosures, and firm value for Korean firms, with a particular interest in chaebols, a special type of Korean conglomerate. Using hand-collected carbon emissions and firm-specific data for 841 Korean firms, including 514 chaebols and 335 non-chaebols, we find a significantly positive relationship between carbon emissions and firm value among chaebol affiliates. This result contrasts with previous findings conducted in advanced markets, where investors consider carbon emissions to be destructive. In terms of the voluntary disclosure policy, we find that companies with good environmental performance tend to disclose carbon emissions voluntarily. We further argue that these findings originate from the specific business atmosphere in Korea. Our results support the traditional view of corporations in terms of environmental policy and highlight the importance of firm characteristics and historical developments in the analysis of environmental policy.

show abstract

“…Due to these reasons, most companies now feel the need to actively participate in social responsibility activities, recognizing them as an essential component of management activities. In particular, there is increased interest in effective CSR strategies that can draw consumers' interest and participation in management strategies and marketing [3][4][5].…”

Section: Introductionmentioning

confidence: 99%

The Effect of CSR Attributes on CSR Authenticity: Focusing on Mediating Effects of Digital Transformation

Liu

Jung

2021

Sustainability

View full text Add to dashboard Cite

What corporate social responsibility (CSR) attributes determine the CSR authenticity of a company? In the face of the Fourth Industrial Revolution, what direction should the CSR strategy pursue? In the electronics industries in Korea and China, are there any differences in CSR attributes? In this study, we start with some of these basic questions. Considering the promotional and actual costs incurred from CSR activities, CSR strategy are not an issue that can be easily determined from the corporate perspective. However, now it is essential for companies to carry out CSR and sustainable development goals (SDGs) activities, and businesses cannot overlook social issues either. Companies cannot pursue only growth through corporate interests without social value. In this study, we derive three attributes of CSR fit, CSR sustainability, and CSR impact to verify the authenticity of CSR activities. Moreover, we demonstrated the impact of these three attributes on CSR authenticity for the electronics industries in Korea and China. As a result of empirical testing, most of three attributes above mentioned (i.e., CSR fit, CSR sustainability, and CSR impact) produce meaningful results for CSR authenticity. However, CSR sustainability was rejected for the Korea sample, and CSR fit was rejected for the Chinese sample, showing some differences between the two countries. Meanwhile, the digital transformation of the Fourth Industrial Revolution had strong partial mediating effects between CSR attributes and CSR authenticity. This means that digital transformation can be an important pathway to achieve CSR authenticity and suggests that important mediating effects can eventually lead to a firm’s competitiveness.

show abstract

An Economic Analysis of Corporate Social Responsibility in Korea

Cited by 12 publications

References 39 publications

The Effect of ESG Performance on Tax Avoidance—Evidence from Korea

The Effect of ESG Performance on Tax Avoidance—Evidence from Korea

Firm-Value Effects of Carbon Emissions and Carbon Disclosures—Evidence from Korea

The Effect of CSR Attributes on CSR Authenticity: Focusing on Mediating Effects of Digital Transformation

Contact Info

Product

Resources

About