@article{Hsu_Y-2023_142179,
title = {CSR committee and firm value during the COVID-19 pandemic},
author = {Hsu, Y. and Chu, Y.},
month = {jul},
year = {2023},
abstract = {This paper investigates whether the presence of CSR committees has a mitigating effect on firm value (measured by Tobin's Q) during the COVID-19 pandemic. Analyzing UK listed firm data, we find that although the pandemic results in lower firm value, the presence of CSR committees helps to mitigate the negative impact of COVID-19 on firm value. The results suggest that the formation of CSR committees is not a symbolic impression management tool but an effective sustainability governance mechanism during the crisis. Our results should be helpful for regulators and companies in making decisions related to CSR committees.},
pages = {137-146},
volume = {12},
issue = {2},
journal = {Economics and Business Letters},
publisher = {Oviedo University Press},
url = {https://doi.org/10.17811/ebl.12.2.2023.137-146},
}
