Do employee relation responsibility and culture matter for firm value? International evidence
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- 作者：Jaeho Leea ; jaeholee@khu.ac.kr" class="auth_mail" title="E-mail the corresponding author ; Hakkon Kimb ; kimhk0283@chungbuk.ac.kr" class="auth_mail" title="E-mail the corresponding author
- 关键词：Employee relation responsibility (ERR) ; Power distance ; Collectivism ; Masculinity ; Risk avoidance ; Firm value
- 刊名：Pacific-Basin Finance Journal
- 出版年：2016
- 出版时间：December 2016
- 年：2016
- 卷：40
- 期：part_PA
- 页码：191-209
- 全文大小：425 K
文摘
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Employee relationship responsibility (ERR) is a sub-sector in CSR worthy of an analysis.
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ERR covers diverse areas (ex. human rights) and builds up the reputation of a firm.
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Firms with good ERR demonstrate significantly higher levels of firm value.
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Positive impact of ERR on firm value is strengthened with national culture.
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This seems to be caused by greater marginal effect of ERR in some cultures.