중국 기업의 사회적 책임활동이 기업가치에 미치는 영향 : 여성 TMT 참여 비율 차이를 중심으로

Abstract

This study aims to examine the impact of Chinese corporate social responsibility(CSR) on firm value. The need for CSR is increasing in order for companies to contribute to society as a member of society and meet the expectations of stakeholder groups. And the social status of female around the world has improved significantly. In the case of Korea, the policy of women's participation in economic activities and expansion of opportunities has emerged as an important target area for government-sponsored policies since the late 20th century. In particular, the range of female businesswomen participating in business management activities is expanding further. Specifically, this study attempted to study the relationship between the level of CSR and firm value by examining the difference in the level of CSR due to the difference in the proportion of female CEOs in Chinese listed companies. Based on the literature review of the relevance of corporate social responsibility and corporate value, the impact of female executives on CSR, and the impact of female executives on firm value, the paper proves CSR from both theoretical and empirical aspects.