CSR Practices: A Case Study
1.2 Problem statement
The concept of CSR has been acknowledged by companies as it is review to be very crucial part of the operations of the companies. It is no longer a new issue and has been argued where it is now begin to get attention from various parties. Every company are now competing to brainstorm CSR practices that should be applied since it involving additional investment in CSR which also affecting lower cost of equity. Good CSR practices could enhance the corporate goodwill, prestige and reputation. Razali (2017) stated that there is an argument being exposed where the CSR activities rise costs without achieving its par value benefits to companies as it can weakening the performance and disorganize with activities’ value-maximizing. These include making
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The relationship between CSR and cost of equity is a serious matter to be identified. The government also should participate more actively in order to disclose public and environmental objectives through rely on law and regulation in business sectors. CSR issue has to take into consideration as reduction in administration fund can build mistrust of law and regulation. Halvarsson et al., (2015) argued that when the shareholders take CSR into consideration in the decision making process, it shows the firm’s cost of capital. On the other word, the link of CSR and cost of equity should be examined as it can help managers get the picture on the effect of CSR investments on the financing cost of the company. Companies should undergo CSR which can benefit in terms of getting a low cost of financing equity share. In short, it is very important to study the relationship between CSR and cost of equity capital in property and construction industry of Malaysia in order to helps managers to carry out strategic planning of the
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