TY - JOUR
AU - Hsu, Yu-Lin
AU - Chu, Ya-Ching
PY - 2023
DA - July
TI - CSR committee and firm value during the COVID-19 pandemic
JO - Economics and Business Letters
EP - 146
VL - 12
IS - 2
DO - https://doi.org/10.17811/ebl.12.2.2023.137-146
AB - 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.
PB - Oviedo University Press
UR - https://strathprints.strath.ac.uk/86170/
KW - Coronavirus (COVID-19)
ER