Journal ArticleDOI
Corporate social responsibility, visibility, reputation and financial performance: empirical analysis on the moderating and mediating variables from Korea
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TLDR
In this paper, Choi et al. investigated the effect of the visibility of CSR and reputation on the long-run performance of 175 Korean firms from 2010 to 2012 that have been listed in the Korean Economic Justice Index (KEJI) for all three years.Abstract:
Purpose
This paper aims to substantiate the mechanism through which corporate social responsibility (CSR) affects financial performance (FP). Specifically, this paper focuses on the moderating effect of visibility and mediating effect of reputation in the relationship.
Design/methodology/approach
This paper investigates 175 Korean firms from 2010 to 2012 that have been listed in the Korean Economic Justice Index for all three years. The hypotheses are tested using various measures of visibility and the Korea’s Most Admired Company index as proxy for reputation. The logistics regression and the ordinary least square are used.
Findings
This paper initially demonstrates that the visibility moderates the correlation between CSR and reputation. On this finding, it further proves that CSR has positive effect on the long-run FP, measured in the Tobin’s Q, both directly and indirectly through reputation. However, the influence is irrelevant in the short run. In sum, visibility moderates the correlation between CSR and reputation, which mediates the CSR-FP relationship in the long run.
Practical implications
This paper argues for the importance of visibility in practicing CSR, especially when reputation building and financial benefit is sought through CSR.
Originality/value
Despite its strategic importance, the visibility of CSR has not been sufficiently studied. Moreover, as scholars have recently suggested that the CSR–FP relationship is rather indirect, there is even more significance in investigating the moderating and mediating variable. Hence, with the intuitive results, this paper lays an integral foundation in the literature.read more
Citations
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The Reputational Landscape
TL;DR: The Corporate Reputation Review as mentioned in this paper provides a forum for research-based discussions about corporate reputations and its impact on competitive positioning, about how to evaluate and value corporate reputation, about building, maintaining, and defending those reputations.
Journal ArticleDOI
Environmental, Social and Governance (ESG) disclosure, competitive advantage and performance of firms in Malaysia
TL;DR: In this paper, the authors investigate the effects of firms' ESG (Environmental, Social and Governance) disclosures on firm performance, moderated by firm competitive advantage, and find consistent evidence that an increase in ESG disclosure by one unit will increase firm performance by approximately 4 percent in Malaysia.
Journal ArticleDOI
Corporate Social Responsibility, Financial Performance, and Risk in Indonesian Natural Resources Industry
TL;DR: In this paper, the correlation of corporate social responsibility (CSR), corporate financial performance (CFP) and risk is examined, whereas risk has a significant adverse correlation with CFP when two years' lagged value is used.
Journal ArticleDOI
Empowering corporate social responsibility (CSR): insights from service learning
Miftachul Huda,Dedi Mulyadi,April Lia Hananto,Nasrul Hisyam Nor Muhamad,Kamarul Shukri Mat Teh,Abdul Ghafar Don +5 more
TL;DR: In this article, the authors explored service learning with its insights in empowering corporate responsibility awareness, which could enlarge creative thinking with envisioning sustainability and corporate responsibility, which can enhance the understanding stage about the care for protecting the environmental concern within learning experience with the goal to produce responsible awareness especially by economic agents such as shareholders, managers, regulators and active participants.
Journal ArticleDOI
Is earnings management associated with corporate environmental disclosure? Evidence from Kuwaiti listed firms
TL;DR: In this paper, the authors investigated the association between corporate environmental disclosure (CED) and earnings management (EM) in a Gulf Cooperation Council (GCC) emerging market, namely, Kuwait, using panel data from firms listed on the Kuwaiti stock exchange from 2010 to 2014.
References
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Journal ArticleDOI
The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations.
Reuben M. Baron,David A. Kenny +1 more
TL;DR: This article seeks to make theorists and researchers aware of the importance of not using the terms moderator and mediator interchangeably by carefully elaborating the many ways in which moderators and mediators differ, and delineates the conceptual and strategic implications of making use of such distinctions with regard to a wide range of phenomena.
Book
Applied Logistic Regression
David W. Hosmer,Stanley Lemeshow +1 more
TL;DR: Hosmer and Lemeshow as discussed by the authors provide an accessible introduction to the logistic regression model while incorporating advances of the last decade, including a variety of software packages for the analysis of data sets.
Journal ArticleDOI
Applied Logistic Regression.
TL;DR: Applied Logistic Regression, Third Edition provides an easily accessible introduction to the logistic regression model and highlights the power of this model by examining the relationship between a dichotomous outcome and a set of covariables.
Journal ArticleDOI
Common risk factors in the returns on stocks and bonds
Eugene F. Fama,Kenneth R. French +1 more
TL;DR: In this article, the authors identify five common risk factors in the returns on stocks and bonds, including three stock-market factors: an overall market factor and factors related to firm size and book-to-market equity.
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