• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

The Impact of Corporate Social Responsibility on Company Capitalization

Student: Valeriia Miasnykh

Supervisor: Elena Rogova

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Economics (Bachelor)

Year of Graduation: 2020

Corporate social responsibility (CSR) is becoming increasingly relevant in the Russian business. But the question that still remains for the companies is whether investments in CSR will bring returns and how this will affect the financial performance of the company. There are many research studying this topic on the example of the USA, Europe and many developing countries markets, but the Russia is still little studied due to the lack of information on the current policy. This paper examines the impact of CSR policies on company capitalization. The study uses a regression analysis of cross-sectional data for 60 companies for 2018, manually collected from the official websites of the companies. As a result, a negative relationship was found between total CSR expenditures and capitalization, but at the same time, the positive impact of some CSR indicators (environment, labor protection, company size and the availability of official CSR reports) was founded on capitalization.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses