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題名 Ambition Versus Conscience, Does Corporate Social Responsibility Pay off? The Application of Matching Methods
作者 Shen, Chung-Hua;Chang, Yuan
沈中華
貢獻者 金融系
關鍵詞 corporate social responsibility; selection bias; matching method
日期 2009
上傳時間 18-Mar-2015 14:35:48 (UTC+8)
摘要 In this article, we examine the effect of corporate social responsibility (CSR) on firms’ financial performance (CSR-effect). Two competing hypotheses, social impact hypothesis and shift of focus hypothesis, are proposed to investigate this issue, where the former suggests that CSR has a positive relation with performance and the latter are opposite. In order to ensure the CSR-effect is not contaminated by other factors or samples are randomly drawn, we employ four matching methods, Nearest, Caliper, Mahala and Mahala Caliper to match the samples of CSR (CSR-firms) and without CSR (NonCSR-firms) with similar characteristics. Although four methods yield slightly different results, firms engaging in CSR activities tend to obtain significantly higher values on pretax income to net sales and profit margin, and adopting CSR at the very least not deteriorate the performance of firms, making our conclusion favors the social impact hypothesis and against shift of focus hypothesis in Taiwan. Thus, ambition and conscience are not conflicting with each other.
關聯 Journal of Business Ethics - J BUS ETHICS , vol. 88, no. S1, pp. 133-153
資料類型 article
DOI http://dx.doi.org/10.1007/s10551-008-9826-9
dc.contributor 金融系
dc.creator (作者) Shen, Chung-Hua;Chang, Yuan
dc.creator (作者) 沈中華zh_TW
dc.date (日期) 2009
dc.date.accessioned 18-Mar-2015 14:35:48 (UTC+8)-
dc.date.available 18-Mar-2015 14:35:48 (UTC+8)-
dc.date.issued (上傳時間) 18-Mar-2015 14:35:48 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/73907-
dc.description.abstract (摘要) In this article, we examine the effect of corporate social responsibility (CSR) on firms’ financial performance (CSR-effect). Two competing hypotheses, social impact hypothesis and shift of focus hypothesis, are proposed to investigate this issue, where the former suggests that CSR has a positive relation with performance and the latter are opposite. In order to ensure the CSR-effect is not contaminated by other factors or samples are randomly drawn, we employ four matching methods, Nearest, Caliper, Mahala and Mahala Caliper to match the samples of CSR (CSR-firms) and without CSR (NonCSR-firms) with similar characteristics. Although four methods yield slightly different results, firms engaging in CSR activities tend to obtain significantly higher values on pretax income to net sales and profit margin, and adopting CSR at the very least not deteriorate the performance of firms, making our conclusion favors the social impact hypothesis and against shift of focus hypothesis in Taiwan. Thus, ambition and conscience are not conflicting with each other.
dc.format.extent 291382 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of Business Ethics - J BUS ETHICS , vol. 88, no. S1, pp. 133-153
dc.subject (關鍵詞) corporate social responsibility; selection bias; matching method
dc.title (題名) Ambition Versus Conscience, Does Corporate Social Responsibility Pay off? The Application of Matching Methods
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1007/s10551-008-9826-9en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1007/s10551-008-9826-9en_US