Dividend Policy and Corporate Social Responsibility: A Comparative Analysis of Multinational Enterprise Subsidiaries and Domestic Firms in Korea

In this study, we compare and contrast the dividend policies of multinational enterprise (MNE) subsidiaries with local firms in Korea and extract implications for corporate social responsibility (CSR). We find empirical evidence that dividend policies of MNE subsidiaries in Korea are in general dete...

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Veröffentlicht in:Emerging markets finance & trade 2015, Vol.51 (2), p.306-319
Hauptverfasser: Kim, Joonil, Jeon, Yongbok
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description In this study, we compare and contrast the dividend policies of multinational enterprise (MNE) subsidiaries with local firms in Korea and extract implications for corporate social responsibility (CSR). We find empirical evidence that dividend policies of MNE subsidiaries in Korea are in general determined to meet remittance requirements imposed by their parent company and have weak correlation with local CSR and investment requirements for wealth creation by local stakeholders.
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subjects Comparative analysis
corporate social responsibility
Dividend policy
Dividends
Emigrant remittances
Investments
Korea
Multinational corporations
multinational enterprises
Parents
Social responsibility
Social responsibility of business
Studies
Subsidiaries
SYMPOSIUM ARTICLES
Wealth
title Dividend Policy and Corporate Social Responsibility: A Comparative Analysis of Multinational Enterprise Subsidiaries and Domestic Firms in Korea
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