Economic Aspect: Corporate Social Responsibility and Its Effect on the Social Environment and Corporate Value

Abstract

The purpose of this study is to examine the effect of corporate social responsibility for the social environment and corporate value. A research model was developed through literature review and an empirical analysis was conducted. The main findings of this study are as follows. First, corporate social responsibility was found to affect the social environment (economic, political, social, and financial aspects). Second, the economic, political, and financial aspects of the social environment affected corporate value, while the social aspect did not.