Effect: An Empirical Study of Social Contribution and its Management Activities
AUTHORS
Bin Jang,Doctoral Student of Graduate School of Information Systems, Pukyong National Univ. 45, Yongso-ro, Nam-Gu, Busan, Korea
Ha-Kyun Kim,Professor (Corresponding Author) of Division of Business, Pukyong National Univ. 45, Yongso-ro, Nam-Gu. Busan, Korea
ABSTRACT
This study are as follows: First, it has been shown that social responsibility has a significant influence on the social environment (economy, politics, society and finance). Second, the social environment in the economy, politics, and finance had a significant influence on corporate value, but the social environment in the social aspect did not have a significant influence on corporate value. This has been empirically demonstrated by this paper that social responsibility is not an investment in the vague value of the social environment on the society. Thus, an entity can enhance its value in an economy, politics and finance of social environment by routinely performing its social responsibilities on the basis of profits generated by its management activities.
KEYWORDS
Social responsibility, Economy, Politics, Society, Finance, Corporate value
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