Corporate social responsibility intensity: Shareholders’ value adding or destroying?

Asogwa, Cosmas Ikechukwu; Ugwu, Osmund Chinweoda; Okereke, Godwin Keres Okoro; Adedoyin, Samuel; Igbinedion, Airenvbahihe; Uzuagu, Anthonia Uju; Abolarinwa, Samson Ige

doi:10.1080/23311975.2020.1826089

Cited by 16 publications

(10 citation statements)

References 76 publications

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“…Studies that consider green investment have been conducted by Chariri et al (2019Chariri et al ( ), (2018, and Cheema et al (2017); Zhu et al, (2016); Eyraud et al (2013), Murovec et al (2012), Saxena andKhandelwal (2012), andEl Ghoul et al (2011). Meanwhile, studies on CSR aspects have only been conducted by Asogwa et al (2020), Eyasu et al (2020), and Nguyen et al (2020); Cupertino et al (2019); Ok and Kim (2019), Viviani et al (2019), Jain and Winner (2016), and Wahba and Elsayed (2015), and Khojastehpour and Johns (2014); Lanis and Richardson (2012); Uadiale and Fagbemi (2012).…”

Section: Introductionmentioning

confidence: 99%

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The role of green investment and corporate social responsibility investment on sustainable performance

Indriastuti

Chariri

2021

Cogent Business & Management

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Studies on green investment and corporate social responsibility (CSR) investment has been conducted by some researchers in the current and future trends of sustainable development. Many of them have focused on the relationship between CSR and financial performance, but only a few have examined how green investment, CSR investment, and sustainability are related to each other. Sustainable performance is based on three aspects: people-planet-profit, or also what is known as the triple bottom line concept. The sample for this study consisted of 132 manufacturing companies listed in the Indonesia Stock Exchange from 2016 to 2019. This study found that green investment and CSR investment positively affect financial performance and sustainable performance. Meanwhile, the financial performance has an insignificant effect on sustainable performance. Besides, financial performance cannot mediate the effect between green investment and CSR investment on sustainable performance.

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Section: Introductionmentioning

confidence: 99%

“…In terms of CSR investment, Asogwa et al (2020) found that companies that engage in intensive social responsibility have positive effect on their companies' stock value. Eyasu et al (2020) showed that separate stakeholders of CSR implementation have a positive effect on competitive advantage.…”

Section: Introductionmentioning

confidence: 99%

The role of green investment and corporate social responsibility investment on sustainable performance

Indriastuti

Chariri

2021

Cogent Business & Management

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“…However, the intensity of the actions and governance frameworks will determine how much of an impact there will be. [ 70 ] Effects of CSR on SMEs' performance in emerging market This study explores the mediating effects of corporate reputation (CR) and customers' purchasing intentions (CPI) on the relationship between CSR and businesses' performance (CPI). [ 71 ] The impact of CSR disclosure and board characteristics on corporate performance The study examine how board attributes like board independence, board size, and gender diversity affect company performance.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…According to market-based law, an industry's competition structure predicts firms' CSR strategic choices [ 71 , 99 ]. Depending on their competitive background, firms can play a market-distinction role [ 70 ]. The foreign target market influences export firms' strategic decisions.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Digital capability and creative capability to boost firm performance and formulate differentiated CSR-based strategy

Bui¹,

Le²

2023

Heliyon

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“…The investors react negatively to high leveraging by the firms so financial leverage has a negative relationship with the shareholders' value [36]. However, if companies take debt for making investments in research and development activities for improving the quality, the investors react positively towards it [37]. The past studies show inconclusive findings which lays the foundation for more thorough examination of the effect of debt financing in the context of shareholders' value.…”

Section: Financial Leveragementioning

confidence: 99%

The Importance of Capital Investment and Debt Financing in Deriving Shareholders’ Value; A Literature Survey

Hanif

Alifiah

2021

AJARR

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Shareholders’ value is the most important goal and an integral part of the companies’ strategic decision-making process. When a corporate performs well and creates value for its shareholders, it benefits the whole economy. The past studies concluded that efficient decision making in the areas of capital investments and debt financing can ensure high financial performance and shareholders’ value creation. This paper thoroughly reviews the literature on impact of capital investment and debt financing decisions on shareholders’ value. Capital investment is a very important managerial decision because it increases company's economic profit. However, past studies have found that not every time the capital investment results in increasing the value as it may vary with the level of investment. Moreover, debt financing lowers the free cash flows due to the payment of fixed interest payments, thus lowering shareholders' return and value. Therefore, this paper recommends the need of further research to better understand the effect of capital investment and debt financing decisions on shareholders’ value.

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Corporate social responsibility intensity: Shareholders’ value adding or destroying?

Cited by 16 publications

References 76 publications

The role of green investment and corporate social responsibility investment on sustainable performance

The role of green investment and corporate social responsibility investment on sustainable performance

Digital capability and creative capability to boost firm performance and formulate differentiated CSR-based strategy

The Importance of Capital Investment and Debt Financing in Deriving Shareholders’ Value; A Literature Survey

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