A1 Refereed original research article in a scientific journal
Communication via Responsibility Reporting and its Effect on Firm Value in Finland
Authors: Schadewitz H, Niskala M
Publisher: WILEY-BLACKWELL
Publication year: 2010
Journal: Corporate Social Responsibility and Environmental Management
Journal name in source: CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
Journal acronym: CORP SOC RESP ENV MA
Volume: 17
Issue: 2
First page : 96
Last page: 106
Number of pages: 11
ISSN: 1535-3958
DOI: https://doi.org/10.1002/csr.234
Abstract
The applied model supported the conclusion that communication via GRI responsibility reporting is an important explanatory factor for a firm's market value. The result indicates that responsibility reporting is a part of a firm's communication tools in order to decrease information asymmetry between managers and investors. In other words, GRI responsibility reporting is called for in order to produce a more precise market valuation of a firm. Copyright (C) 2010 John Wiley & Sons, Ltd and ERP Environment.
The applied model supported the conclusion that communication via GRI responsibility reporting is an important explanatory factor for a firm's market value. The result indicates that responsibility reporting is a part of a firm's communication tools in order to decrease information asymmetry between managers and investors. In other words, GRI responsibility reporting is called for in order to produce a more precise market valuation of a firm. Copyright (C) 2010 John Wiley & Sons, Ltd and ERP Environment.
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