教師資料查詢 | 類別: 期刊論文 | 教師: 張 元 CHANG YUAN (瀏覽個人網頁)

標題:Ambition Versus Conscience, Does Corporate Social Responsibility Pay off? - The Application of Matching Methods
學年97
學期1
出版(發表)日期2008/09/01
作品名稱Ambition Versus Conscience, Does Corporate Social Responsibility Pay off? - The Application of Matching Methods
作品名稱(其他語言)
著者張元; 沈中華
單位淡江大學財務金融學系
出版者
著錄名稱、卷期、頁數Journal of Business Ethics 88(1), pp.133-153
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.
關鍵字corporate social responsibility;selection bias;matching method
語言英文
ISSN1573-0697;0167-4544
期刊性質國外
收錄於
產學合作
通訊作者
審稿制度
國別荷蘭
公開徵稿
出版型式,電子版,紙本
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