Contents

Ethical commitment, financial performance, and valuation: An empirical investigation of Korean companies

Choi, Tae Hee / Jung, Jinchul

DC FieldValueLanguage
dc.contributor.authorChoi, Tae Hee-
dc.contributor.authorJung, Jinchul-
dc.date.available2018-12-06T04:46:03Z-
dc.date.created2017-12-29-
dc.date.issued2008-08-
dc.identifier.issn0167-4544-
dc.identifier.urihttp://archives.kdischool.ac.kr/kdi_dev/handle/11125/28786-
dc.identifier.uri10.1007/s10551-007-9506-1-
dc.description.abstractA variety of stakeholders including investors, corporate managers, customers, suppliers, employees, researchers, and government policy makers have long been interested in the relationship between the financial performance of a corporation and its commitment to business ethics. As a subject of research, the relations between business ethics and corporate valuation has yet to be thoroughly quantified and investigated. This article is an effort to amend this inadequacy by demonstrating a statistically significant association between ethical commitment and corporate valuation measures. Consistent with anecdotal evidence, we have found a significant association between the ethical commitment of Korean companies and their valuation on the Korean stock market. However, the result reveals that the association between ethical commitment and financial performance is not significantly supported.-
dc.languageEnglish-
dc.publisherSPRINGER-
dc.subjectCORPORATE SOCIAL-RESPONSIBILITY-
dc.subjectBUSINESS ETHICS-
dc.subjectVALUE-RELEVANCE-
dc.subjectENVIRONMENTAL PERFORMANCE-
dc.subjectACCOUNTING RESEARCH-
dc.subjectSTAKEHOLDER THEORY-
dc.subjectDECISION-MAKING-
dc.subjectPOLICY PROCESS-
dc.subjectREPUTATION-
dc.subjectEARNINGS-
dc.titleEthical commitment, financial performance, and valuation: An empirical investigation of Korean companies-
dc.typeArticle-
dc.identifier.bibliographicCitationJOURNAL OF BUSINESS ETHICS, v.81, no.2, pp.447 - 463-
dc.description.journalClass1-
dc.description.isOpenAccessN-
dc.identifier.wosid000257205600014-
dc.citation.endPage463-
dc.citation.number2-
dc.citation.startPage447-
dc.citation.titleJOURNAL OF BUSINESS ETHICS-
dc.citation.volume81-
dc.contributor.affiliatedAuthorChoi, Tae Hee-
dc.identifier.doi10.1007/s10551-007-9506-1-
dc.identifier.scopusid2-s2.0-46449089352-
dc.type.docTypeArticle-
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