The Impact of Corporate Social Responsibility on Performance in the Financial Industry

Ting-Kun Liu ()

Asian Economic and Financial Review, 2020, vol. 10, issue 9, 1037-1050

Abstract: Much of the previous literature that has studied the impact of corporate social responsibility (CSR) on performance has reached inconsistent conclusions, and studies on the determinants of CSR are rare. Most of the previous literature has not compared the efficiency and productivity of companies with and without CSR, and other related research has often focused on shorter time periods. In light of this fact, this study compiles empirical data from the financial industry in Taiwan between 2007 and 2016. The Common Wealth magazine’s “Corporate Citizenship Award TOP 50”, was used, which lists the OTC company’s four indicators and the total score for the cross-industry analysis. Second, we constructed a panel data model of the impacts of CSR and corporate governance on operation performance, adopting other multi-variable considerations. We then used data envelopment analysis (DEA) and Malmquist productivity index (MPI) to analyze the differences in efficiency and productivity. Finally, we examined the factors that affect the willingness of enterprises to invest in CSR.

Keywords: Corporate social responsibility; Corporate governance; Business performance; Panel data model; Finance industry; Data envelopment analysis. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://archive.aessweb.com/index.php/5002/article/view/1998/3168 (application/pdf)
https://archive.aessweb.com/index.php/5002/article/view/1998/7247 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asi:aeafrj:v:10:y:2020:i:9:p:1037-1050:id:1998

Access Statistics for this article

More articles in Asian Economic and Financial Review from Asian Economic and Social Society
Bibliographic data for series maintained by Robert Allen ().