Local corporate social responsibility, media coverage, and shareholder value

Byun, Seong K.; Oh, Jong‐Min

doi:10.1016/j.jbankfin.2017.09.010

Cited by 133 publications

(85 citation statements)

References 43 publications

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“…But most scholars' research still supports the positive correlation between the two [13]. Byun and Oh [14] found that public social responsibility activities are positively related to shareholder value, improving future business performance. This has also led to news buying behavior by many companies.…”

Section: Literature Reviewmentioning

confidence: 98%

Corporate Social Responsibility Risk and Audit Opinion

Fang¹

2020

AJIBM

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This article studies the impact of corporate social responsibility on audit costs. Most of the previous studies are based on the social responsibility report level. This paper starts with the third party rating agency's assessment of corporate social responsibility risk to carry out research on its impact on audit costs. It is found that corporate social responsibility risk will significantly increase the audit costs. At the same time, this paper finds that the audit of the company by the international big four accounting firms or the company's social responsibility report may reduce the impact of social responsibility risk on audit costs.

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Section: Literature Reviewmentioning

confidence: 98%

Corporate Social Responsibility Risk and Audit Opinion

Fang¹

2020

AJIBM

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“…With the gradual improvement of the market economy, the importance of shareholder value becomes more and more obvious, which is an important criterion for examining the performance of a company. Good media coverage of CSR helps to enhance shareholder value and facilitates the company's future performance (Byun & Oh, ). Hence, we need to examine the impact of social media on CSR so as to know how it enhances shareholder value.…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

Development of theoretical framework and measures for the role of social media in realizing corporate social responsibility through native and non‐native communication modes: Moderating effects of cross‐cultural management

Hao

Farooq

Sun

2018

Corp Soc Responsibility Env

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Businesses have recognized the importance of corporate social responsibility (CSR) for overall fulfillment of strategic prerequisites. Long-term success for any business enterprise is not possible without giving due attention to CSR. This paper aims to ascertain the unfamiliar communication links that can influence realization of CSR. It also discusses the possible mediating effects of two basic communication modes on CSR when used through social media. It is of further interest for future researchers due to the study of the moderator cross-cultural management, which can strengthen the relationship between usage of social media and CSR realization. By exploring the utilization of social media for communication of CSR, this report is an important step towards empirical research to produce a concrete theory based on the methodology, tests and measures prescribed herein.

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“…Consequently, firms acknowledge the importance of improving the dissemination of their information apart from disclosure (Bushee, Core, Guay, & Hamm, ; Bushee & Miller, ). Thus, a broader spread of carbon information allows potential investors to be aware of a firm's information and enlarges the investor base, which in turn can improve firm value and reduce the COE (Byun & Oh, ; Heinkel, Kraus, & Zechner, ; Merton, ).…”

Section: Introductionmentioning

confidence: 99%

The effect of carbon dissemination on cost of equity

2019

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This study examines whether firms can influence their cost of equity (COE) by broadly disseminating their carbon information over Twitter. We study firms' dissemination decisions of carbon information by developing a comprehensive measure of carbon information that a firm makes onTwitter, referred to as iCarbon. Using a sample of 1,737 firmyear observations for 584 nonfinancial firms with aTwitter account and listed on the U.S. NASDAQ stock exchange over the period 2009-2015, we find that iCarbon is significantly and negatively associated with COE. Our results are consistent after determining the effect of Bloomberg's environmental and environmental, social, and governance disclosure. The findings also hold when using alternative measures of COE and iCarbon.

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Local corporate social responsibility, media coverage, and shareholder value

Cited by 133 publications

References 43 publications

Corporate Social Responsibility Risk and Audit Opinion

Corporate Social Responsibility Risk and Audit Opinion

Development of theoretical framework and measures for the role of social media in realizing corporate social responsibility through native and non‐native communication modes: Moderating effects of cross‐cultural management

The effect of carbon dissemination on cost of equity

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