UM  > 工商管理學院
Firm value and social contribution with the interaction of corporate governance Social contribution value per share
Carlos Noronha1; Jieqi Guan2; Jing Fan1
2018
Source PublicationSUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL
ISSN2040-8021
Volume9Issue:2Pages:165-200
Abstract

Purpose – This study aims to investigate the relationship between corporate social contribution measures and investors’ reaction under the effect of corporate governance for firms listed in China, the largest emerging economy in the world. Corporate social contribution is examined from an informative perspective by using a financial indicator – social contribution value per share (SCVPS) brought up by the Shanghai Stock Exchange in 2008. Design/methodology/approach – Data are obtained from two channels: financial information during 2007-2015 generated from database and social accounting information manually collected from the 2007-2015 annual reports and social reports. Findings – It is predicted that investors’ reaction toward corporate social contribution becomes stronger for companies with higher corporate governance quality. Practical implications – This paper is one of the first to use Chinese SCVPS data to indicate the informativeness of social contribution toward firm value. It can serve as a valuable reference to both investors and companies in terms of the issue of social contribution. Social implications – The study highlights the importance of social contribution on firm value by using an empirical approach in the Chinese market. The study can be used as a reference for many other developing countries in the world. Originality/value – The findings of this study can provide guidance to investors on how to evaluate a firm’s social performance and encourage companies to improve the transparency of their social reporting, as well as the quality of corporate governance.

KeywordChina Social Contribution Value Per Share Csr Corporate Governance Scvps
DOIhttp://dx.doi.org/10.1108/SAMPJ-10-2016-0078
Indexed BySSCI
Language英语
WOS Research AreaBusiness & Economics ; Science & Technology - Other Topics ; Environmental Sciences & Ecology
WOS SubjectBusiness, Finance ; Green & Sustainable Science & Technology ; Environmental Studies ; Management
WOS IDWOS:000431108400004
Fulltext Access
Citation statistics
Cited Times [WOS]:4   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Corresponding AuthorCarlos Noronha
Affiliation1.Faculty of Business Administration, University of Macau, Macau, China
2.Tourism College, Institute for Tourism Studies, Macau, China
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Carlos Noronha,Jieqi Guan,Jing Fan. Firm value and social contribution with the interaction of corporate governance Social contribution value per share[J]. SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL,2018,9(2):165-200.
APA Carlos Noronha,Jieqi Guan,&Jing Fan.(2018).Firm value and social contribution with the interaction of corporate governance Social contribution value per share.SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL,9(2),165-200.
MLA Carlos Noronha,et al."Firm value and social contribution with the interaction of corporate governance Social contribution value per share".SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL 9.2(2018):165-200.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Carlos Noronha]'s Articles
[Jieqi Guan]'s Articles
[Jing Fan]'s Articles
Baidu academic
Similar articles in Baidu academic
[Carlos Noronha]'s Articles
[Jieqi Guan]'s Articles
[Jing Fan]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Carlos Noronha]'s Articles
[Jieqi Guan]'s Articles
[Jing Fan]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.