Communication via Responsibility Reporting and its Effect on Firm Value in Finland



: Schadewitz H, Niskala M

Publisher: WILEY-BLACKWELL

: 2010

: Corporate Social Responsibility and Environmental Management

: CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT

: CORP SOC RESP ENV MA

: 17

: 2

: 96

: 106

: 11

: 1535-3958

DOI: https://doi.org/10.1002/csr.234


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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