Corporate social responsibility, market competition, and shareholder wealth

Ryu, Dongseok; Ryu, Doojin; Hwang, Joon Ho

doi:10.1080/10293523.2015.1125059

Cited by 39 publications

(26 citation statements)

References 33 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Peneliti sebelumnya, di antaranya Kabir & Thai (2017) dan Lindawati & Puspita (2015) mengukur kinerja perusahaan dengan rasio keuangan. Kekurangan alat ukur ini bersifat jangka pendek (Aggerholm & Trapp, 2014) dan rawan terpengaruh manajemen laba (Ryu, Ryu, & Hwang, 2016). Pengukuran kinerja berbasis laporan keuang an dan laba dianggap memiliki kelemahan dalam mengukur nilai bagi shareholder.…”

unclassified

Penguatan Pengungkapan Corporate Social Responsibility Dan Market Value Added Melalui Modal Intelektual

Hijriah

Subroto

Nurkholis

2019

jamal

View full text Add to dashboard Cite

Corporate Social Responsibility dan Market Value Added melalui Modal Intelektual. Riset ini bertujuan untuk menguji dan menganalisis efek dari pengungkapan Corporate Social Responsibility (CSR) terhadap nilai tambah pasar melalui pengelolaan modal intelektual. Metode yang digunakan adalah regresi berjenjang pada seluruh perusahaan terdaftar di BEI 2015-2017. Hasilnya adalah modal intelektual dapat menguatkan CSR dan nilai tambah pasar. Hal ini dikarenakan modal intelektual menjadi aset strategis bagi keberlanjutan dan keunggulan perusahaan. Oleh karena itu, CSR dan modal intelektual diharapkan menjadi informasi yang diungkapkan baik di dalam annual report maupun sustainability report.

show abstract

unclassified

Penguatan Pengungkapan Corporate Social Responsibility Dan Market Value Added Melalui Modal Intelektual

Hijriah

Subroto

Nurkholis

2019

jamal

View full text Add to dashboard Cite

show abstract

“…Finally, a high level of competition forces management to focus on short-term projects with positive net present values, which more immediately increase shareholder wealth, rather than long-term projects, such as CSR. Ryu et al [59] showed that CSR only significantly increases the wealth of shareholders in low-competition markets.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

The Influence of Corporate Environmental Responsibility on Overinvestment Behavior: Evidence from South Korea

Lee

Kim

2020

Sustainability

View full text Add to dashboard Cite

The purpose of this paper is to examine the association between corporate environmental responsibility (CER) activities and investment efficiency as measured by overinvestment, and whether the industry-level competition affects this association. We investigate a sample of 2285 non-financial firms with fiscal year-end in December listed in the Korea Stock Exchange Market for the period of 2013–2018, measuring the investment efficiency by overinvestment model. Using environmental scores from the Korea Corporate Governance Service to measure CER activities, we show that, on average, firms can decrease overinvestment behavior through CER activities in South Korea. Moreover, in firms in a highly competitive market, the negative association between CER activities and overinvestment is pronounced, indicating that strong product market competition are effective in monitoring managerial opportunistic behavior. These results are robust, even after controlling for different setting and alternative CER. These findings also suggest that the relationship between CER and overinvestment appears to be benefit firms that are sound and sustainable and honestly present their financial information.

show abstract

“…Qualitative methods involve action research (Kirstein & Kunz 2015), case studies (Kirstein & Kunz 2016), focus group discussions (Barac et al 2016), and interviews (Atkins & Maroun 2015). Quantitative methods include survey and questionnaires (Oberholster et al 2015;Del Sordo et al 2016), regression analysis (Ryu et al 2016;Willows & van der Linde 2016) or other descriptive statistics and graphical descriptions (de Jager & Frick 2016;Pududu & de Villiers 2016). Content analysis could be either employed qualitatively by interpreting the text (Abeydeera et al 2016), or quantitatively by quantifying the text to data for statistical analysis (Borghei et al 2016).…”

Section: Methodsmentioning

confidence: 99%

“…A common contribution stated by studies is extending the current literature by improving research methodology, such as considering analysis of additional variables for a particular research topic or extended time periods or databases (Marcia et al 2015;Taljaard et al 2015;Ryu et al 2016). Studies also express addressing knowledge gaps in current literature (Barac et al 2016;Huang et al 2015;Leung & Gray 2016), and develop theories (Ram et al 2016).…”

Section: Accounting Education (Ed)mentioning

confidence: 99%

“…Financial Analysis (FA): Studies have investigated the relation between CSR reporting or activities on market competition, stock returns, and financial performance (Marcia et al 2015;Ruiz-Palomino, Pozo-Rubio & Martínez-Cañas 2015;Ryu et al 2016), and the potential impact of the Marikana incident on stock prices of mining companies listed on the JSE (Hill & Maroun 2015). Huang, Su and Wang (2015) examine market reactions to seasoned equity offerings.…”

Section: Accounting Education (Ed)mentioning

confidence: 99%

See 1 more Smart Citation

A review of accounting research in internationalising journals in the South African region

Villiers

Hsiao

2017

SAJEMS

View full text Add to dashboard Cite

Background: This study analyses the accounting research articles published by South African journals.Aim and setting: A review of accounting research in internationalising journals in the South African region that publish accounting research.Methods: The characteristics of accounting articles were analysed. Five journals were analysed, including the four internationalising journals, Investment Analysts Journal, Meditari Accountancy Research, South African Journal of Business Management, and South African Journal of Economic and Management Sciences and one local journal, South African Journal of Accounting Research (SAJAR).Results: The findings of this study will be of interest to journal editors, authors who would like their research to make an impact and be cited, as well as university research administrators and government higher education policy-makers.Conclusion: The analyses show that many of the highly cited articles have been published recently, boding well for the citation statistics of these journals in future and indicating some success in their efforts to internationalise. The citations of SAJAR lag behind the citations of the internationalising journals. Each journal publishes articles that cover different subject area(s). Within accounting research, accounting education and social and environmental accounting are popular areas of research, whereas taxation; the public sector; and management accounting are not well represented among published articles during 2015–2016 in these five journals. About half of all accounting articles claim their insights will contribute to the accounting literature, with much smaller percentages claiming to contribute to management, policy-making and practice. The most prolific authors and most prominent universities to some extent follow the most popular subject areas, with a social and environmental researcher, Warren Maroun, featuring strongly, and his university, the University of the Witwatersrand, being prominent. Large proportions of authors of 2015–2016 articles are from outside of Africa, speaking to the success of the internationalisation efforts of the internationalising journals, whereas SAJAR mostly publishes articles by African authors.

show abstract

Corporate social responsibility, market competition, and shareholder wealth

Cited by 39 publications

References 33 publications

Penguatan Pengungkapan Corporate Social Responsibility Dan Market Value Added Melalui Modal Intelektual

Penguatan Pengungkapan Corporate Social Responsibility Dan Market Value Added Melalui Modal Intelektual

The Influence of Corporate Environmental Responsibility on Overinvestment Behavior: Evidence from South Korea

A review of accounting research in internationalising journals in the South African region

Contact Info

Product

Resources

About