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| 論文名稱 | The relationship between CSR and performance: Evidence in China |
| 發表日期 | 2018-10-31 |
| 論文收錄分類 | SSCI |
| 所有作者 | Erin H. Kao, Chih-Chuan Yeh, Li-Hsun Wang, Hung-Gay Fung |
| 作者順序 | 第三作者 |
| 通訊作者 | 否 |
| 刊物名稱 | Pacific Basin Finance Journal (MOST A Tier 2 level Journal) |
| 發表卷數 | 51 |
| 是否具有審稿制度 | 是 |
| 發表期數 | October |
| 期刊或學報出版地國別/地區 | NATUSA-美國 |
| 發表年份 | 2018 |
| 發表月份 | 10 |
| 發表形式 | 電子期刊 |
| 所屬計劃案 | 無 |
| 可公開文檔 |
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| 可公開文檔 |
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| 可公開文檔 |
[摘要] :
This study uses a system of simultaneous equations to investigate various hypotheses on the
relationship between corporate social responsibility (CSR) and firm performance for state-owned
enterprises (SOEs) and non-SOEs in China. The results show variations in market response to CSR
engagement by firm ownership type. That is, the market responds favorably to CSR by marketoriented
non-SOEs but neutrally to CSR by SOEs with substantial agency costs. The Chinese firms
are able to link their CSR activities to firm performance over time, likely recognizing the longterm
benefits of CSR. Our study demonstrates the important role of ownership in the dynamic
CSR-performance relationship.
[英文摘要] :
This study uses a system of simultaneous equations to investigate various hypotheses on the
relationship between corporate social responsibility (CSR) and firm performance for state-owned
enterprises (SOEs) and non-SOEs in China. The results show variations in market response to CSR
engagement by firm ownership type. That is, the market responds favorably to CSR by marketoriented
non-SOEs but neutrally to CSR by SOEs with substantial agency costs. The Chinese firms
are able to link their CSR activities to firm performance over time, likely recognizing the longterm
benefits of CSR. Our study demonstrates the important role of ownership in the dynamic
CSR-performance relationship.
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