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 journalArticlepeer-review

49 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 languageEnglish
Pages (from-to)61-71
Number of pages11
JournalAsia Pacific Management Review
Volume24
Issue number1
DOIs
Publication statusPublished - 2019 Mar

Keywords

  • Asia
  • CSRHub
  • Corporate social responsibility
  • Financial performance
  • Taiwan

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

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