Financial performance and corporate social responsibility: Empirical evidence from Taiwan

Lin Lin; Pi Hsia Hung; De Wai Chou; Christine W. Lai

doi:10.1016/j.apmrv.2018.07.001

Financial performance and corporate social responsibility: Empirical evidence from Taiwan

Lin Lin, Pi Hsia Hung, De Wai Chou, Christine W. Lai^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

42 Citations (Scopus)

Abstract

This study, using data provided by CSRHub, examines the effect of CSR dimensions on the financial performance of firms in Taiwan. Specifically, we examine whether CSR in employment exhibits a signaling effect and results in financial benefits to firms in Taiwan. We find that allocating resources to diversity, labor rights, treatment of unions, compensation, benefits, training, health, and worker safety can be beneficial to a firm's value creation. Using sustainability ratings by CSRHub, we are able to cover a broader range of companies in size, geography, and industry type than those previously studied.

Original language	English
Pages (from-to)	61-71
Number of pages	11
Journal	Asia Pacific Management Review
Volume	24
Issue number	1
DOIs	https://doi.org/10.1016/j.apmrv.2018.07.001
Publication status	Published - 2019 Mar

Keywords

Asia
Corporate social responsibility
CSRHub
Financial performance
Taiwan

ASJC Scopus subject areas

Business and International Management
Strategy and Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.apmrv.2018.07.001

Cite this

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abstract = "This study, using data provided by CSRHub, examines the effect of CSR dimensions on the financial performance of firms in Taiwan. Specifically, we examine whether CSR in employment exhibits a signaling effect and results in financial benefits to firms in Taiwan. We find that allocating resources to diversity, labor rights, treatment of unions, compensation, benefits, training, health, and worker safety can be beneficial to a firm's value creation. Using sustainability ratings by CSRHub, we are able to cover a broader range of companies in size, geography, and industry type than those previously studied.",

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note = "Funding Information: Funding: The author gratefully acknowledges the financial support from the Ministry of Science and Technology, Taiwan ( 105-2420-H-003-002-MY2 ). Publisher Copyright: {\textcopyright} 2018 College of Management, National Cheng Kung University",

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AU - Lai, Christine W.

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Financial performance and corporate social responsibility: Empirical evidence from Taiwan

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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