How do corporate social responsibility activities affect performance? The role of excess control right

Autor:	Hsien-yu Yin, Pi-Hui Ting
Rok vydání:	2018
Předmět:	Financial performance business.industry Strategy and Management 05 social sciences Control (management) chemical and pharmacologic phenomena Accounting Sample (statistics) 06 humanities and the arts Management Monitoring Policy and Law Development 0603 philosophy ethics and religion Affect (psychology) Harm Shareholder 0502 economics and business Corporate social responsibility 060301 applied ethics Environmental policy Business 050203 business & management
Zdroj:	Corporate Social Responsibility and Environmental Management. 25:1320-1331
ISSN:	1535-3958
DOI:	10.1002/csr.1641
Popis:	Using a sample of Corporate Social Responsibility (CSR)‐awarded firms in Taiwan during 2007–2016, this paper examines the impacts of various dimensions of CSR activities on firm financial performance, and investigates how the controlling shareholders' excess control right affects the relationship between CSR and firm financial performance. The empirical results show that the various dimensions of CSR activities affect firm financial performance differently. Moreover, the excess control right negatively affects the relationship between CSR activities and firm financial performance. CSR activities which are related to customers and employees have a significant positive impact on accounting‐based and market‐based performance for high and low excess control right firms. CSR activities which are related with environmental policy harm the accounting‐based financial performance of firms with a high degree of excess control right. Finally, the positive impact of community‐related CSR activities on the accounting‐based financial performance of firms is limited to firms with a low degree of excess control right.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::275095baafbc6931498d471b6c941167 https://doi.org/10.1002/csr.1641 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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