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Doing Better by Doing Good: Discussing the Value Potential of Selected ¡°Just Companies¡±

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  • Hafiz Imtiaz Ahmad

Abstract

On December 10, 2018, The JUST Capital Foundation, in partnership with Forbes, has released the 2018 ranking of the one hundred most socially "just" companies in the United States (Forbes; Just capital Foundation, 2018).This paper aims to discuss the value generation potential of the selected companies in this list by using (Ohlson, 1995) model. Our findings suggest that the in the context of USA, markets value social responsibility efficiently and the impact is visible in various sectors. These results may be of interest for investment analysts, academic researchers, Governments and regulatory bodies. In addition, we suggest that the results may indicate an area into which valuation professionals should invest time and thought as they assess the values of privately-held companies.

Suggested Citation

  • Hafiz Imtiaz Ahmad, 2020. "Doing Better by Doing Good: Discussing the Value Potential of Selected ¡°Just Companies¡±," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(2), pages 40-50, April.
    • Handle: RePEc:jfr:ijfr11:v:11:y:2020:i:2:p:40-50
    DOI: 10.5430/ijfr.v11n2p40
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    References listed on IDEAS

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    1. Weber, Manuela, 2008. "The business case for corporate social responsibility: A company-level measurement approach for CSR," European Management Journal, Elsevier, vol. 26(4), pages 247-261, August.
    2. SeHyun Park, 2017. "Corporate social responsibility, visibility, reputation and financial performance: empirical analysis on the moderating and mediating variables from Korea," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 13(4), pages 856-871, October.
    3. Yan Cheung & Weiqiang Tan & Hee-Joon Ahn & Zheng Zhang, 2010. "Does Corporate Social Responsibility Matter in Asian Emerging Markets?," Journal of Business Ethics, Springer, vol. 92(3), pages 401-413, March.
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