Corporate Social Responsibility and the Value of a Firm
This chapter illustrates a conceptual method of valuing a firm that reflects corporate social responsibility. According to this method, a firm conforming more to environmental standards than others has ceteris paribus a higher firm value. This method combines the ethical aspects of a firm’s activities and the taxation as public policy institution while respecting the cash value of a firm.
KeywordsSustainability valuation Sustainability accounting Cash flow valuation Circular economy
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