Title : Corporate social responsibility and internationalization in mitigating risk
Authors:
1. Saarce Elsye Hatane
2. Noorlailie Soewarno
Department : Accounting
Journal Name: International Journal of Sustainable Society
Types of Journal : Q3
Keywords: corporate social responsibility; CSR; idiosyncratic risk; ASEAN; internationalisation; tourism and hospitality.
ABSTRACT
This study aims to recognize the effect of corporate social responsibility (CSR) and internationalization on the idiosyncratic risk of the tourism and hospitality industry in ASEAN. The generalized method of moments (GMM) two-step model examined the research framework from 405 firm-years applied from 81 companies in Indonesia, Malaysia, Thailand, and Singapore, from 2015 until 2019. The results prove that CSR activities and internationalization strategy can mitigate idiosyncratic risk. In addition, the demand for social responsibility in the global market is undoubtedly higher than in the local market. Therefore, adequate CSR disclosure is required to meet investor satisfaction in international markets. This study contributes to social responsibility studies by investigating the effect of CSR activities on idiosyncratic risk in ASEAN countries. Analysis of the interaction between internationalization and CSR leverages the values of this study.
For details : https://www.inderscience.com/info/inarticle.php?artid=125647
