Aiming for average: The effect of peer standing on the dynamic process of corporate social responsibility

• Main Authors: DING, Kuan Yong David, FERREIRA, Christo, UDOMSAK, Wongchoti
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Corporate Social Responsibility; CSR; Environmental Social Governance; ESG; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5219; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6218/viewcontent/SSRN_id1971484.pdf
• Institution: Singapore Management University

We evidence a non-linear relationship between firm value and corporate social responsibility, adding to the mixed evidence on this relationship. We show that corporate social responsibility exhibits a dynamic process, which is largely dependent on a firm’s industry, relative standing amongst peers a...