CSR Values Research Articles

Does family business affect the relationship between corporate social responsibility and brand value? A study in different industry Taiwan

This study takes the three dimensions of CSR, namely, economic (G), social (S), and environmental(E) dimensions, and the three indicators of corporate governance performance, stakeholders and environmental information disclosure, to explore the relationship between family business of CSR and brand value and determine whether the CSR performance of companies in electronic and non-electronic industries has significantly positive effect on brand value. According to the empirical results, regardless of industry, a better CSR performance by a family business has stronger effect on brand value than that of non-family business. Regardless of industry, a better CSR in both electronics and non-electronics companies exerts a significantly positive effect on brand value. A strong tie between family business in an non-electronic industry and the stakeholder contributes to a higher brand value of an enterprise; a higher degree of environmental information disclosure of an electronics family business exerts greater influence on brand value than does a non-electronics family business.

Preheating upto Tarrification Point and Compaction: A Promising Way for Coke Quality Enhancement

ABSTRACT Coke producers are facing a tough challenge to produce good quality metallurgical coke at reasonable price due to decreasing availability and increasing cost of good quality hard coking coal.The use of alternative carbon source like non-coking bituminous coal, heat altered coking coal (Jhama), petcoke can be a way to address the problem. In this article, the effect of preheating and stamp charging of coal on coke quality parameters were studied and compared with the properties of coke produced in top charging and stamp-charging process. The effect of coal preheating before compaction on the properties of resulting cokes has been studied using five different types of coals. Five coal samples with different coking properties have been selected for the study. The Coal samples have been preheated to their tarification level and then stamped for compaction to higher bulk density before carrying out high-temperature carbonization. The most significant differences between cokes from preheating then compaction were observed in terms of CRI and CSR value. Significant differences of properties have been observed between coke samples produced in preheating followed by stamp-charging and the coke samples produced in top charging and normal stamp-charging technique.

The Effect of Corporate Social Responsibility, Working Capital Efficiency, Earning Per Share on Company Performance and Mining Company Value 2019-2020

This study aims to determine the effect of CSR, Working Capital Efficiency, EPS on company performance and value of mining companies in 2019-2020. The approach in this study uses a quantitative approach with research methods using non-participant observation. The population in this study are consumer goods companies listed on the IDX. The number of samples in this study was 12 samples registered on the IDX in 2013-2017. The data analysis technique used is in the form of path analysis and classical assumption and Sobel Test. Based on the research results, it is found that CSR has a positive effect on firm value. The results showed that the value of the original sample estimation of CSR on PBV was 0.251 with a significance below 5% which was indicated by the t-statistics value of 3.667 which was greater than the t-table value of 1.962. Then, in testing the effect of CSR on company performance, it was found that the original sample estimate value of CSR on ROA was not the effect of CSR on company performance. So that there is no effect of CSR on company performance. Furthermore, in testing the effect of EPS on firm value, it is found that there is an effect of EPS on firm value. In testing the effect of EPS on company performance, it is found that there is an effect of EPS on company performance. Furthermore, it is also found the influence of WCE on firm value. The influence of WCE on firm value was also found to have a significant effect.

Does CSR Really Enhance Sustainability?: A Perspective of Business Cycle*

Purpose - The purpose of this study is to investigate the effect of macroeconomic conditions on the relationship between CSR and firm value. Design/methodology/approach - Employing KEJI index as a proxy for a firm’s CSR activities, we investigate whether investors discount the value of CSR activity during the economic recession when a firm’s bankruptcy risk is high and thus its future sustainability is suspected. Findings - Our empirical result represents that the value of a firm with high CSR score is undervalued during recession, reflecting investors doubt the sustainability of a firm whose CSR score is high when overall economy is exposed to high downside risk. Research implications or Originality - It implies that investors may not regard the CSR activities as an indicator of corporate sustainability. Also, the result represents that stable macroeconomic condition can be one of the important factors to make the CSR activity increase a firm’s value.

PENGARUH CSR TERHADAP NILAI PERUSAHAAN: INTEGRASI MANAJEMEN LABA SEBAGAI MEDIASI DAN KEPEMILIKAN KELUARGA SEBAGAI MODERASI

The purpose of this study is to investigate the role of family ownership integration in moderating and earnings management in mediating the relationship between CSR and firm value. The population used is all companies listed on the Indonesia Stock Exchange (BEI) with the 2015-2018 research period. The number of samples is 67 companies each year, which were selected by purposive sampling method. This study uses documentary data, namely annual reports and financial reports. Path analysis is used to analyze data. The results of this study indicate that CSR has a significant positive effect on earnings management, also earnings management on firm value has a significant positive relationship. The family ownership variable in moderates the relationship between CSR and earnings management is type Pure Moderation, conversely earnings management in mediating the relationship between CSR to the firm's value is type of No Mediation, nor is there any effect of integration of family ownership and earnings management on the relationship of CSR and firm value. The implication of this research, especially for family firms to maintain control of the company's operations, especially in the socio-emotional aspect compared to the financial aspect, because this contributes stakeholder to avoid the impact of earning management practices with the higher the discretionary accrual value is indicated to hide actions that harm firm’s reputation.

The Circular Economy of the Islamic Group Lending Model:‎ Lending Money for Garbage in Return

This paper is a study on the financing model for batik MSMEs in Central Java, which is oriented towards the value of CSR's cost and benefit (Corporate Social Responsibility). It aims to see how to implement the cost and benefit value of CSR on batik MSMEs in Central Java, especially on three research objects. Among others: Laweyan batik, Lasem batik, and Pekalongan batik. It is based on, maybe if we look at an industry or large-scale companies, of course, the cost and benefits they usually appear in every financial report at the end of each year. Meanwhile, for MSMEs to determine the cost and benefit value's implementation, it has a tremendous impact on MSMEs' survival. This research was conducted to determine that this research was conducted on a financial financing model for batik MSMEs, which is oriented to the value of CSR's cost and benefit. Data were collected using purposive sampling according to the criteria for determining the sample in 3 research objects: the batik area of ​​Laweyan, Lasem, and Pekalongan MSMEs. The analysis technique used is Partial Least Square (PLS) analysis to test the hypothesis with a quantitative approach. The study results show more efforts to increase the construction of financial funding at the UMKM Kampung Batik Laweyan Solo, Kampoeng Batik LasemRembang, and Kampoeng Batik KaumanPekalongan.The finding suggests implementing cost and benefits CSR through social activities such as processing waste products, reducing harmful chemicals in the process, and participating in environmental protection activities.

CSR, intellectual capital and corporate value for Indonesian SOEs

CSR, intellectual capital and corporate value for Indonesian SOEs

CSR and firm value: stock price response to repeated unfaithful disclosure in the Korean stock market

CSR and firm value: stock price response to repeated unfaithful disclosure in the Korean stock market

Strain Accumulation in Soft Marine Clay due to One‐Way Cyclic Load with Variable Confining Pressure

The effect of variable confining pressure on the strain accumulation in soft marine clay was investigated to gain a better understanding of the deformation characteristic in the subgrade of pavements due to traffic loading. A series of variable confining pressure (VCP) experiments and corresponding constant confining pressure (CCP) experiments were conducted on Wenzhou soft clay using an advanced cyclic triaxial apparatus. A wide range of deviatoric stress amplitudes (qampl), combined with different isotropic stress amplitudes (pampl), and partially drained conditions are simulated in the experiments. The test results indicate that the variable confining pressure significantly influences the permanent axial strain and might exacerbate the potential of subgrade invalidation in soft marine clay area. The normalized permanent axial strain () after 1000 cycles is logarithmic with the normalized stress path length (L/LCCP), and one‐unit increment in the amplitude of cyclic confining pressure will induce an increment of 0.0213% in the permanent axial strain regardless of the CSR values. Based on the data from the CCP tests, a cyclic deviatoric stress ratio threshold is determined to be about 0.7, which may suggest that the upper bound of criterion will limit the cyclic traffic loadings on soft marine clayey deposit. Finally, the effect of variable confining pressure on the permanent axial strain is quantified and incorporated in a logarithmic model for the subsoil deformation prediction under traffic loading.

PENGARUH POLITICAL CONNECTION DAN FOREIGN OWNERSHIP TERHADAP NILAI PERUSAHAAN MELALUI CORPORATE SOCIAL RESPONSIBILITY

This study aims to examine the effect of political connection and foreign ownership on firm value through corporate social responsibility by using secondary data in the form of financial statements of non-financial companies listed on the Indonesia Stock Exchange for the period 2006-2015. This study uses path analysis with a multiple regression statistical test with the help of SPSS Version 24 software. This study uses stakeholder theory as the main theory and legitimacy theory as a supporting theory. The results of this study indicate that Political Connection has a positive and significant effect on Corporate Social Responsibility but has no significant effect on Firm Value. While ForeignOwnership has a positive and significant effect on CSR and Corporate Value. The results of the sobel test from this study indicate that CSR is a type no mediation in relation to political connection with Corporate Value, also in the relationship of foreign ownership with Corporate Value, the CSR variable is type no mediation.

Corporate Social Responsibility and Financial Performance: An Empirical Analysis of Indian Banks

Corporate Social Responsibility and Financial Performance: An Empirical Analysis of Indian Banks

Managerial overconfidence, CSR and firm value

ABSTRACT The purpose of our study is to explore the relationship among managerial overconfidence, CSR and firm value. Nonlinear regression and OLS regression are used to test the hypotheses. Managerial overconfidence is measured by the integrated index. The financial data of Korean-listed companies are collected from the DataGuide5 database. The ESG rating of Koran Governance Service (KCGS) is selected as the proxy variable of CSR in Korea. Korean-listed non-financial companies from 2011 to 2016 are selected as the research sample. Empirical results show that managerial overconfidence has a significant and positive impact on firm value; Managerial overconfidence enhances firm value through CSR activities. Our study enriches the research of managerial overconfidence and provides a new perspective within the Eastern culture.

Investigation of the shearing length in the orthogonal turning of a steel AISI 1050

Abstract Vibration amplitudes in machining operations have a deteriorating influence on the outcomes of the processes. Moreover, eradicating them is an impossible task due to the natural mechanism of cutting metals. However, by selecting the optimum cutting parameters, the destructive effects of vibration amplitudes may be diminished to acceptable levels. In the present paper, AISI 1050 steel material was machined, employing carbide inserts and a CNC lathe machine. Cutting tool approaching angles were selected between -5° and 45°, feed rates from 0.1 mm × rev-1 to 0.5 mm × rev-1, cutting depths between 0.5 mm and 2.25 mm, and accordingly CSR values between 1 and 15. The effect of the selected parameters on the chip compression factor (CCF), shearing length feed (SLF), shearing length (SLA), surface roughness, and chip morphology was investigated. Moreover, the effect of CCF, SLF, and SLA on surface roughness, vibration amplitudes, and chip morphology was analyzed as well. It was found that the most influential parameter on shearing length was cutting depth while the feed rate was on the surface roughness. The optimum CCF values were between 1.7 and 2.3, SLF smaller than 1, and SLA around 5. Furthermore, it was shown that the optimum CSR values were 10 and 15, and cutting tool approaching angles 30° and 45°, according to the chip morphology criterion.

Better Use of Enriched UK Mezhegeyugol Coal in Coking Batch. 2. Composition of Concentrate Fractions and Coke Quality (CSR and CRI)

The mineral composition of coal from the Mezhegeyskaya mine (specifically, concentrate fractions of the machine classes >13.0, 0.5–13.0, and 13.0, 0.5–13.0, and <0.5 mm classes indicates the corresponding variation in coke quality (CSR and CRI). Experimental data permit practical recommendations regarding the enrichment of Mezhegeyskaya coal at EVRAZ enterprises so as to significantly increase the value of the concentrate and hence improve the CSR and CRI values of the coke. On that basis, the content of Mezhegeyskaya concentrate in the coking batch may be increased to 20.0%, as against 3.0–5.0% for traditionally enriched coal.

Exploring the impact of corporate social responsibility on real earning management and discretionary accruals

AbstractCorporate social responsibility (CSR) and earning management have become important to firm’s operation. Previous researches use of discretionary accruals (DA) as a proxy variable for earnings management can easily result in errors in empirical analysis. Thus, this study uses the CSR index proposed by Chen et al. 2013. Journal of American Business Review, 2, 181–188, discretional accrual and real earning management to examine the association with CSR, earning management, and firm value. The empirical results find that the firm engages CSR not only to increase more information transparency of CSR and creating interaction with stakeholders but also to reduce earning management phenomenon. When firm has lower CSR performance, it has prone to earning management. In addition, CSR performance can enhance firm value, but the firm engage CSR to cover up and shift attention away from earnings manipulation by managers, it would decrease firm value.

Analisis financial performance dan firm value perusahaan sektor industri logam di Indonesia

This study aims to determine the direct effect of capital structure, CSR and financial performance on firm value, and to determine whether financial performance can be a mediating variable between capital structure and CSR on firm value. This study uses secondary data, data collection with documentation on metal industrial sector manufacturing companies in the Indonesia Stock Exchange (IDX), as many as 14 companies were used as research samples with purposive sampling method, for 4 years so that the sample used 56 financial reports. Measurement of capital structure variables using DER, CSR with GRI-G4 guidelines, financial performance with ROA, firm value with PBV. Hypothesis testing using Path Anaysis. The results showed that capital structure had a positive and insignificant effect on financial performance, CSR had a significant positive effect on financial performance, and capital structure had a significant positive effect on firm value. CSR has a positive and insignificant effect on firm value, financial performance has a significant negative effect on firm value. The financial performance variable is not a mediating variable between capital structure and firm value, but is a mediating variable between CSR and firm value.

PENGARUH CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

This research aimed to examine whether corporate social responsibility affect the corporate value and whether the profitability as a moderating variable affect the corporate social responsibility and corporate value on mining corporate listed on the Indonesia Stock Exchange (BEI) for the 2016-2018 period. This research used samples from mining companies listed on the Indonesia Stock Exchange (BEI) for the 2016-2018 period as many as 31 issuers and used purposive sampling technique. This research is quantitative descriptive. The data used is secondary data and used data collection methods, namely documentation studies. The data used in this research are financial statement and annual reports by mining companies obtained from the Indonesia Stock Exchange website (https://www.idx.co.id). Based on research results by using the Statistical Product and Service Solution (SPSS 18), shows that CSR affect the corporate value which is proxied to Tobin’s Q, it is known from the calculated t value is greater than the t table value, and the significance value is smaller than the level its significance. And the independent variable CSR and profitability as a moderating are not able to moderate the corporate value, it is known from the value of the relation obtained smaller than the value of CSR to corporate value.

Investigation of the shearing length in the orthogonal turning of a steel AISI 1050

Abstract Vibration amplitudes in machining operations have a deteriorating influence on the outcomes of the processes. Moreover, eradicating them is an impossible task due to the natural mechanism of cutting metals. However, by selecting the optimum cutting parameters, the destructive effects of vibration amplitudes may be diminished to acceptable levels. In the present paper, AISI 1050 steel material was machined, employing carbide inserts and a CNC lathe machine. Cutting tool approaching angles were selected between -5° and 45°, feed rates from 0.1 mm × rev-1 to 0.5 mm × rev-1, cutting depths between 0.5 mm and 2.25 mm, and accordingly CSR values between 1 and 15. The effect of the selected parameters on the chip compression factor (CCF), shearing length feed (SLF), shearing length (SLA), surface roughness, and chip morphology was investigated. Moreover, the effect of CCF, SLF, and SLA on surface roughness, vibration amplitudes, and chip morphology was analyzed as well. It was found that the most influential parameter on shearing length was cutting depth while the feed rate was on the surface roughness. The optimum CCF values were between 1.7 and 2.3, SLF smaller than 1, and SLA around 5. Furthermore, it was shown that the optimum CSR values were 10 and 15, and cutting tool approaching angles 30° and 45°, according to the chip morphology criterion.

Barriers to Imitation in Strategic CSR: Organizational Authenticity and the Resource-Based View

This paper examines models of value creation in CSR and explores the existence of barriers to imitation in strategic CSR. We focus on two prominent models of value creation in the CSR literature: CSR as a means to greater legitimacy, and CSR as a signal of internal norms and values. We associate each with attributions of conformity and consistency, respectively. We argue that conformity and consistency serve as important mediators between CSR investments and value creation in these models. Drawing on the organizational authenticity literature, we explore conditions where attributions of type authenticity (i.e. conformity) and moral authenticity (i.e. consistency) may act as barriers to imitation in CSR investment. We also identify the resources that allow firms to gain attributions of authenticity while establishing barriers to imitation for rivals. We conclude by discussing how organizational authenticity may allow sustainable competitive advantage from CSR investments.

A Study on the Impact of Firm Size on the Threshold Point from Nonlinear Relationship between CSR and Firm Value

A Study on the Impact of Firm Size on the Threshold Point from Nonlinear Relationship between CSR and Firm Value