CSR Initiatives Introduction Status in Central and Eastern Europe and their Importance for the Equity Investor

2016
Jūlija Bistrova, Nataļja Lāce

The chapter discusses and analyzes the implication status of the Corporate Social Responsibility (CSR) initiatives and their relevance to the stock investors in the emerging markets of Central and Eastern Europe (CEE). Three broad apects are considered in the chapter: the corporate governance quality, earnings quality and ownership structure specifics.The research results suggest that all of the aforementioned CSR system components are relevant if considered in the context of the stock exchange: (1) well-managed companies are able to deliver superior returns in the long term; (2) poor earnings quality negatively influences market returns; (3) concentrated ownership appears to be the best ownership model suitable for CEE companies to offer higher long-term shareholder value.

Keywords
Corporate Social Responsibility; corporate governance quality; earnings quality; ownership structure specifics
DOI
10.1007/978-3-319-21641-6_3
Hyperlink
https://link.springer.com/chapter/10.1007%2F978-3-319-21641-6_3

Bistrova, J., Lāce, N. CSR Initiatives Introduction Status in Central and Eastern Europe and their Importance for the Equity Investor. In: Key Initiatives in Corporate Social Responsibility. Global Dimension of CSR in Corporate Entities. S.Idowu ed. London: Springer, 2016. pp.43-69. ISBN 978-3-319-21640-9. e-ISBN 978-3-319-21641-6. ISSN 2196-7075. e-ISSN 2196-7083. Available from: doi:10.1007/978-3-319-21641-6_3

Publication language
English (en)