Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5088531 | Journal of Banking & Finance | 2015 | 11 Pages |
Abstract
This paper develops a valuation model of the firm that provides for the expenditure of corporate resources in support of community, social or environmental causes. We show that under certain circumstances CSR expenditures create value for the firm. We also test our model by simulations and confirm that, at least under some conditions, CSR does pay off in the form of value creation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ali Fatemi, Iraj Fooladi, Hassan Tehranian,