Which Dimension of Corporate Social Responsibility is a Value Driver in the Oil and Gas Industry?

被引：28

作者：

Chowdhury, Reza H. ^{[1
]}

Choi, Sungchul ^{[1
]}

Ennis, Simon ^{[1
]}

Chung, Dongseop ^{[2
]}

机构：

[1] Univ Northern British Columbia, Prince George, BC, Canada

[2] Kyungsung Univ, Busan, South Korea

来源：

CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES-REVUE CANADIENNE DES SCIENCES DE L ADMINISTRATION | 2019年 / 36卷 / 02期

关键词：

annual report; corporate social responsibility; firm value; oil and gas industry; SUSTAINABLE DEVELOPMENT; PERFORMANCE; COMPANIES; CSR; IDENTIFICATION; INITIATIVES; LEGITIMACY; SHOCKS; DELTA; RISK;

D O I：

10.1002/cjas.1492

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The oil and gas (O&G) industry suffers from a negative perception of poor sustainability. O&G companies are therefore engaged in several socially sustainable activities related to community development and environmental protection. This article determines whether the social, environmental, and economic dimensions of corporate social responsibility (CSR) are equally value-additive to O&G companies. We measure the company-specific level of CSR activities from the information provided in the annual financial reports of O&G companies and determine the effects of CSR dimensions on firm value. We find that CSR enhances firm value of O&G companies. While social activities such as employee well-being and community development are key value-drivers, environmental and economic sustainable activities have an insignificant impact on the market value of O&G companies. Copyright (c) 2018 ASAC. Published by John Wiley & Sons, Ltd

引用

页码：260 / 272

页数：13

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