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題名 Reexamination of the insurance-like effect of corporate social responsibility: Empirical evidence from China-listed companies
作者 Yang, Shou-Lin;Shiu, Yung-Ming;Liu, Tsung-Chi
許永明
貢獻者 風管系
關鍵詞 Corporate social responsibility ; China listed firms ; Insurance-like effect
日期 2015
上傳時間 9-Dec-2015 17:18:59 (UTC+8)
摘要 Purpose– The purpose of this paper is to re-examine the statement of Peloza (2006) that enterprise corporate social responsibility (CSR) investment provides a protection efficacy similar to insurance. Design/methodology/approach– This study uses the event study method and data from the 2008-2010 China listed company social responsibility report and the Taiwan Economic Journal. Findings– The authors find that the insurance-like effect of CSR investment also exists in China. Both short- and long-term CSR investments of Chinese companies provide this efficacy to corporate stock prices. The authors also find diminishing marginal insurance-like effects in China market. Originality/value– The CSR investment of firms in China can reduce company stock-price loss when negative events occur. The authors therefore obtain a better understanding of the value of enterprise CSR investment.
關聯 Chinese Management Studies, Vol. 9 Iss: 3, pp.295 - 310
資料類型 article
DOI http://dx.doi.org/10.1108/CMS-03-2013-0047
dc.contributor 風管系-
dc.creator (作者) Yang, Shou-Lin;Shiu, Yung-Ming;Liu, Tsung-Chi-
dc.creator (作者) 許永明-
dc.date (日期) 2015-
dc.date.accessioned 9-Dec-2015 17:18:59 (UTC+8)-
dc.date.available 9-Dec-2015 17:18:59 (UTC+8)-
dc.date.issued (上傳時間) 9-Dec-2015 17:18:59 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/79619-
dc.description.abstract (摘要) Purpose– The purpose of this paper is to re-examine the statement of Peloza (2006) that enterprise corporate social responsibility (CSR) investment provides a protection efficacy similar to insurance. Design/methodology/approach– This study uses the event study method and data from the 2008-2010 China listed company social responsibility report and the Taiwan Economic Journal. Findings– The authors find that the insurance-like effect of CSR investment also exists in China. Both short- and long-term CSR investments of Chinese companies provide this efficacy to corporate stock prices. The authors also find diminishing marginal insurance-like effects in China market. Originality/value– The CSR investment of firms in China can reduce company stock-price loss when negative events occur. The authors therefore obtain a better understanding of the value of enterprise CSR investment.-
dc.format.extent 176523 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Chinese Management Studies, Vol. 9 Iss: 3, pp.295 - 310-
dc.subject (關鍵詞) Corporate social responsibility ; China listed firms ; Insurance-like effect-
dc.title (題名) Reexamination of the insurance-like effect of corporate social responsibility: Empirical evidence from China-listed companies-
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1108/CMS-03-2013-0047-
dc.doi.uri (DOI) http://dx.doi.org/10.1108/CMS-03-2013-0047-