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Diversity in Measurement in CSR Activities

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Diversity in Measurement in CSR Activities

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Questions and Answers

What makes it challenging to apply typical accounting conventions to CSR activities?

Measurement of CSR activities in monetary terms (correct)

High levels of uniformity in CSR activities

Strict adherence to basic accounting principles in CSR activities

Use of double-entry bookkeeping in CSR reporting

Why does CSR reporting frequently involve dealing with intangible aspects?

To quantify long-term benefits accurately

To account for consumer goodwill and employee relations (correct)

To comply with legal requirements

To focus on short-term profits

What motivates firms to engage in CSR activities despite them being voluntary?

Contractual obligations

Long-term benefits for the company (correct)

Legal and regulatory requirements

Desire for short-term profits

Why is it challenging to quantify the long-term prospects of CSR activities?

Intangible nature of benefits like consumer goodwill Signup and view all the answers

What is the main goal of CSR activities?

Improving social welfare and sustainability Signup and view all the answers

Why might a firm engage in CSR activities according to the text?

To meet the needs of a wider set of stakeholders or society Signup and view all the answers

How does CSR impact a firm's market value?

Can increase market value through building trust and social capital Signup and view all the answers

Why is maximizing firm value not necessarily the same as maximizing shareholder welfare according to the text?

Shareholders could have non-monetary preferences regarding social or environmental impacts Signup and view all the answers

What is a critical element of the CSR debate according to the text?

The link between CSR activities, firm value, and performance Signup and view all the answers

What is the traditional starting point in the debate about CSR activities?

Managers should engage only in activities that increase or maximize shareholder value Signup and view all the answers

What type of CSR activities are compatible with the objective of maximizing shareholder value according to the text?

Activities with positive NPV, like investments in eco-friendly technologies Signup and view all the answers

Which stakeholder groups are mentioned as having a direct financial claim on the firm in the text?

Equity investors and debtholders Signup and view all the answers