The Effect of Corporate Social Responsibility on Firm Value and the Role of Firm Reputation. Evidence from Europe

dc.contributor.advisorContreras, M.G.
dc.contributor.authorZanden van der, Koen
dc.date.issued2020-08-27
dc.description.abstractThe objective of this study is to analyze the relationship between corporate social responsibility (CSR) and firm value and the moderating effect of firm reputation on this relationship. Existing research has found a modest positive relationship between CSR and firm value, but few studies in the literature have examined the influence of firm reputation on the relationship between CSR and firm value; while this study fills this research gap. This study uses a sample of 764 European firms from 2014 to 2018 and an RE model was used in the study to analyze this panel data. This study confirms the general results of previous studies regarding the effect of CSR on firm value and finds a significant moderating effect of firm reputation on the relationship between CSR and firm value in the technology sector. As well as being the first to use the firm’s reputation in this context, this study is also an important addition to the literature on stakeholder theory. Furthermore, an emphasis on the moderating effect of a firm’s reputation in the technology sector unveiled new findings of the moderating variables on the relationship between CSR and firm value for listed firms in European countries.en_US
dc.identifier.urihttps://theses.ubn.ru.nl/handle/123456789/10093
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationCorporate Finance & Controlen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleThe Effect of Corporate Social Responsibility on Firm Value and the Role of Firm Reputation. Evidence from Europeen_US
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