教師資料查詢 | 類別: 會議論文 | 教師: 湯惠雯HUI-WEN TANG (瀏覽個人網頁)

標題: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
語言英文(美國)
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
國別日本
公開徵稿Y
出版型式電子版
出處
相關連結
SDGs
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