| dc.contributor | 資管系 | |
| dc.creator (作者) | 李曉惠 | |
| dc.creator (作者) | Lee, Hsiao-Hui;Hsu, Po-Hsuan;Yi, Long | |
| dc.date (日期) | 2024-12 | |
| dc.date.accessioned | 30-Apr-2025 15:03:29 (UTC+8) | - |
| dc.date.available | 30-Apr-2025 15:03:29 (UTC+8) | - |
| dc.date.issued (上傳時間) | 30-Apr-2025 15:03:29 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/156778 | - |
| dc.description.abstract (摘要) | We propose that corporate social responsibility (CSR) investment serves as an intangible investment in stakeholder relationships to guard against external disruptions to firms' operations and tangible assets. Using a difference-in-differences setting and a database of factory locations, we show that manufacturing firms with higher CSR ratings are much less affected by major natural disasters in terms of operating performance. We then propose two mechanisms through which CSR engagement shields manufacturing firms against external disruptions: employee motivation and customer loyalty. Empirical evidence suggests that CSR helps manufacturing firms survive major natural disasters by motivating employees, which leads to higher post-disaster productivity, and keeping customers, which leads to more stable post-disaster sales. | |
| dc.format.extent | 110 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Journal of Corporate Finance, Vol.89, 102675 | |
| dc.subject (關鍵詞) | Natural disasters; Corporate social responsibility; Operating performance; Sustainability; Customer loyalty; Employee satisfaction | |
| dc.title (題名) | Corporate social responsibility and external disruptions | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jcorpfin.2024.102675 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.jcorpfin.2024.102675 | |
