Abstracts
Abstract
The research looks at the relationship between market value, accounting fundamentals and companies’ Corporate Social Responsibility (CSR) and Sustainable Development (SD) disclosures for the years 2007-2008. This article uses social and environmental scores derived from a structural analysis chart based on 120 companies’ reports. The results show that investors measure a company’s short-term performance using information about the quality of the company’s environmental management. At the same time, a company’s social disclosure concerning the quality of employee management influences short and long-term performance.
Keywords:
- Score of Environmental Disclosure,
- Score of Social Disclosure,
- Financial Performance,
- Market Value,
- Sustainable Development
Résumé
La recherche étudie la relation entre la valeur de marché, la valeur comptable et les informations relatives à la responsabilité sociale des entreprises (RSE) et au développement durable (DD) pour les années 2007-2008. Cet article mobilise des scores de divulgation sociale et environnementale provenant d’une grille d’analyse structurale basée sur les rapports de 120 entreprises. Les résultats montrent que les investisseurs mesurent la performance à court terme d’une entreprise en utilisant des informations sur la qualité de la gestion environnementale de l’entreprise. Dans le même temps, la communication sociale de l’entreprise concernant la qualité de la gestion du personnel influence sa performance à court terme et à long terme.
Mots-clés :
- Score de la divulgation de l’environnement,
- Score de divulgation sociale,
- performance financière,
- valeur de marché,
- développement durable
Resumen
El estudio analiza la relación entre el valor de mercado, el valor contable y la información sobre la responsabilidad social empresarial (RSE) y desarrollo sostenible (SD) para los años 2007-2008. En este artículo se moviliza decenas de divulgación social y ambiental de una grilla de análisis estructural basado en informes procedentes de 120 empresas. Los resultados muestran que los inversores miden el rendimiento a corto plazo de una empresa utilizando información sobre la calidad de la gestión ambiental de la empresa. Al mismo tiempo, la comunicación social del personal de gestión de calidad de la empresa afecta a su rendimiento en el corto plazo y largo plazo.
Palabras clave:
- puntuación de divulgación medioambiental,
- puntuación de divulgación social,
- rendimiento financiero,
- valor de mercado,
- desarrollo sostenible
Appendices
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