The Influences of CSR’s Multi-Dimensional Characteristics on Firm Value Determination by a Fusion Approach

Sustainability

Kuang-Hua Hu¹  Sin-Jin Lin²  Jau-Yang Liu²  Fu-Hsiang Chen²  Shih-Han Chen² 

[1] Accounting School, Nanfang College of Sun Yat-sen University, Guangzhou 510970, Guangdong, China;Department of Accounting, Chinese Culture University, Taipei 11114, Taiwan;

关键词: artificial intelligence;    corporate social responsibility;    decision making;    firm value;   

DOI  :  10.3390/su10113872

来源: DOAJ

【 摘 要 】

Corporate social responsibility (CSR) implementation has been widely acknowledged as playing a key part in enhancing firm value as well as achieving sustainable development. However, up to now the extant works in the literature have yielded non-conclusive results regarding the relationships between CSR and firm value. One of the possible reasons is that the studies ignore the multi-dimensional characteristics of CSR—that is, they merely utilize a singular synthesized indicator as a proxy to represent the corporate’s CSR performance as being unreliable and problematic. Thus, this study breaks down CSR into numerous dimensions and further examines each dimension’s impact on firm value. By doing so, managers can allocate their firm’s valuable resources to suitable areas so as to increase its reputation and value. In addition, this research sets up an artificial intelligence (AI)-based fusion model, grounded by fusion learning theory that aims at complementing the error made by a singular model, to examine the relationship between CSR’s multidimensional characteristics and firm value. Through different combinations of adopted strategies, users can realize the most representative features from an over-abundant database.

【 授权许可】

Unknown