The Impact of CSR on Corporate Value of Restaurant Businesses Using Triple Bottom Line Theory

The main goal of this study was to investigate the association between corporate social responsibility (CSR) and value restaurant firms by employing triple bottom line theory, a framework for business model sustainable development focusing on profit, environment, people rather than just maximizing profit. Even though has been common theoretical foundation in CSR area, there is sparse literature theory context domain. Data regarding dimensions market-to-book from 32 publicly traded US stock market period 1999–2012 were gathered, panel data analysis methods ordinary least square, one-way fixed effect, time series feasible generalized square employed. results revealed that economic enhanced value, whereas environmental diminished value. contribution it will broaden scope theory. help administrators determine policy.