Title: The effects of capital raising on corporate social responsibility of chaebol firms

Authors: Soonwook Hong

Addresses: Division of Maritime Management and Economics, Korea Maritime and Ocean University, Busan, 49112, South Korea

Abstract: This study aims to verify the effects of capital raising on corporate social responsibility of chaebols. Each company has different intentions for CSR. Some firms truly fulfil their social responsibilities with pure philanthropic intentions, while others use CSR as a means for economic purposes. I would like to find out the intentions of CSR activities conducted by chaebol firms by investigating how the aspects of CSR activities vary depending on the situation of firms that raise capital. According to the results of analysis, chaebol firms that raised capital are more active in CSR. It is judged that chaebol firms are using CSR activities as a means for other purposes rather than conducting CSR activities with pure intentions. As society advances, demand for corporate social responsibility becomes larger. Although the Korean economy is making rapid strides, chaebol firms standing at the centre seem to be far behind the needs of the times.

Keywords: chaebol; corporate social responsibility; CSR; sustainability; capital raising.

DOI: 10.1504/IJEBR.2022.124285

International Journal of Economics and Business Research, 2022 Vol.24 No.1/2, pp.217 - 233

Received: 19 Nov 2020
Accepted: 28 Dec 2020
Published online: 21 Jul 2022 *

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