Relation between Corporate Social Performance and Stakeholders’ Shared Value : A Cross Country Study on the Asian Companies

The economic value generated by the business operations, is to be strategically distributed to all the stakeholders. Again, these values simultaneously contribute to the sustainability and competitiveness of business organizations. This has been identified as ‘shared value’ (Porter and Kramer, 2006). Since, the concept has been initiated recently, little progress of scholarly studies can be found on the developing nation. Therefore, in the present study an empirical attempt has been made on the findings of the relationship between the farms’ competitiveness and the value distributed. The sample consists of some selected Asian companies. Data are collected from the published reports during the period 2010 to 2012. Descriptive statistical tools and regression model has been used in this study. The result shows that the companies with higher level of social performance and value distribution for the stakeholders have better financial performance than the companies with lower social performance and lower level of value distribution for the stakeholders. It also shows that the value distribution is associated with both the market value social performance. It also indicates that the better socially performing firms with higher level of value distribution for the stakeholders have comparatively high market value than the lower value distributing firms with lower social performance