Corporate Social Responsibility and Firm Performance
學年 101
學期 2
發表日期 2013-07-25
作品名稱 Corporate Social Responsibility and Firm Performance
作品名稱（其他語言）
著者 Chen, Roger C. Y.; Tang, Hui-Wen; Hung, Shih-Wei
作品所屬單位 Graduate Institute of Finance and Banking, National Kaohsiung First University of Science and Technology 淡江大學保險學系 Graduate Institute of Business Management, National Kaohsiung First University of Science and Technology
出版者
會議名稱 The Global Business, Management Information System, Economics and Finance Research Conference
會議地點 Tokyo, Japan
摘要 With the increasing importance of corporate social responsibility (CSR), stockholders are more concerned about the impact of firms’ CSR on operating performance. Using the inductance of 24 CSR rules, we construct a “Corporate Social Responsibility Index” as a proxy to measure the CSR performance at about 738 listed firms during the 2010 in Taiwan. A hedge portfolio that bought firms in the highest portfolio of the index (best CSR) and sold firms in the lowest portfolio of index (worst CSR) would have earned abnormal returns. We find that lower CSR performance firms have lower stock returns, worse operating performance, lower values and higher operating expenses.
關鍵字 Corporate Social Responsibility Index; Hedge Portfolio; Stock Returns; Operating Performance
語言 en_US
收錄於
會議性質 國際
校內研討會地點
研討會時間 20130725~20130728
通訊作者
國別 JPN
公開徵稿 Y
出版型式 電子版
出處
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/99834 )

機構典藏連結