Tailoring CSR based on relational networks with stakeholders

This study examines corporate social responsibility (CSR) through relational networks involving internal, external, and social stakeholders. The empirical analysis uses panel data from 152 Korean listed firms between 2019 and 2021, combining ESG ratings from the Korea Institute of Corporate Governance and Sustainability (KCGS) with financial data (KIS-VALUE) provided by NICE Information Service. Path analysis indicates that CSR directed toward employees as internal stakeholders positively affect