Business, Management and Accounting
2 years ago

Socially responsible companies see higher value, social engagement key factor.

International Journal of Business Governance and Ethics
The impact of corporate social responsibility on firm value: an application of structural equation modelling
Boonlert Jitmaneeroj

Paper Summary

The study looked at how a company's social responsibility affects its value. They used a method called structural equation modelling to analyze data from US companies. The results showed that companies with strong social engagement tend to have higher value, rather than just focusing on environmental efforts. This suggests that being socially responsible can help companies grow and attract investors.

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