TY - JOUR
T1 - Financial performance and corporate social responsibility
T2 - Empirical evidence from Taiwan
AU - Lin, Lin
AU - Hung, Pi Hsia
AU - Chou, De Wai
AU - Lai, Christine W.
N1 - Publisher Copyright:
© 2018 College of Management, National Cheng Kung University
PY - 2019/3
Y1 - 2019/3
N2 - 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.
AB - 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.
KW - Asia
KW - CSRHub
KW - Corporate social responsibility
KW - Financial performance
KW - Taiwan
UR - http://www.scopus.com/inward/record.url?scp=85054057059&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85054057059&partnerID=8YFLogxK
U2 - 10.1016/j.apmrv.2018.07.001
DO - 10.1016/j.apmrv.2018.07.001
M3 - Article
AN - SCOPUS:85054057059
SN - 1029-3132
VL - 24
SP - 61
EP - 71
JO - Asia Pacific Management Review
JF - Asia Pacific Management Review
IS - 1
ER -
