Język Polski
English
Published
:
2020-06-30
The Impact of Applying the Principles of Corporate Social Responsibility on the Market Value of Shares on the Warsaw Stock Exchange
Marcin Fuksiewicz
Abstract
The Corporate Social Responsibility concept is increasingly being spread in the economy. Managers managing companies often implement its principles in an attempt to achieve competitive advantage. The approach to managing enterprises according to moral principles, respect employees' law, protecting the environment, respecting minorities should reflect into prices of shares of given companies. On capital markets, a similar approach is represented by the idea of Socially Responsible Investing, where investors eliminate from their portfolios the shares of morally questionable companies, polluting the environment, using harmful technologies. On stock exchanges there are indexes created to indicate companies, that respect the CRS principles. An examples such indexes on polish capital market are: Respect Index, that has been present for a long time, and its successor WIG-ESG. Researches suggest, that investment in capital markets, in shares of companies, that respect the CRS principles, give higher return rates, although this is not still certain.(original abstract)Keywords:
Corporate Social Responsibility (CSR), Share value, Stock market, Shares pricesMost read articles by the same author(s)
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Fuksiewicz, M. (2020). The Impact of Applying the Principles of Corporate Social Responsibility on the Market Value of Shares on the Warsaw Stock Exchange. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 88(1), 53–65. https://doi.org/10.26349/zn.wsb.w.poznaniu.0088.05