The methodology
Calculation of VAIC
One distinguishing feature of this study is that it performs several different analyses to study
the topic in greater detail. We generate four different types of models, all of which include
data relating to both 2007 and 2008 with the purpose of introducing a lag into the analyses.
In the first model, we try to reveal the impact of the CSR activities on the VAIC of the firm. In
the other models, we obtain a more detailed perspective and investigate the impact of CSR
on the different dimensions of VAIC.
The breakdown of VAIC is provided below as: