기업의 사회적 책임성과가 국제화전략 및 기업가치에 미치는 영향

• 영문명: The Effect of Corporate Social Responsibility Performance on Internationalization Strategy and Firm Value
• 발행기관: 한국무역연구원
• 저자명: 최미화(Mi-Hwa Choi)
• 간행물 정보: 『무역연구』제13권 제2호, 443~457쪽, 전체 15쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2017.04.30

영문 초록

This study examines the effect of corporate social responsibility performance (here in after referred to as CSRP) on firm value and internationalization. While CSRP has been interpreted as a charitable expenditure for various stakeholders in society from the moral point of view, CSRP has recently been used as a strategy to secure sustainable growth or competitive advantage as part of firm investment. I propose that firms with higher CSRP will actively pursue internationalization. CSRP was measured using the KEJI index. Using a sample of 1,378 the KSE covering the period from 2002 to 2012. I find that the KEJI index is negatively related to internationalization. The main results of this study can be summarized as follows. First, I found that CSRP companies have higher firm value, compared to non-corporate social responsibility companies. Second, CSRP companies have a negative effect on internationalization. These results show that internationalization strategy in firms with high CSRP is more likely to be reflected in firm value. Finally, I find that firms with higher CSR levels are more profitable and valuable, a consequence I partially attribute to firm value and internationalization.

목차

Ⅰ. 서론

Ⅱ. 선행연구 및 가설설정

Ⅲ. 연구설계

Ⅳ. 실증분석 결과

Ⅴ. 결론

키워드

Corporate Social Responsibility Performance Firm Value Internationalization Strategy