Corporate Social Responsibility, Efficiency, and Financial Performance

• Main Authors: wan-ching wang, 王琬青
• Other Authors: Mei-Jane Teng
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/94550523612274883492

碩士 === 國立勤益科技大學 === 企業管理系 === 99 === Enterprises have become more concerned about their social responsibility in addition to their profits. Consequently, the issue of corporate social responsibility has received increasing attention and analyses from the academic community. However, most of previous studies neglect the influence of corporate social responsibility on intangible assets and managerial performance. Therefore, this study incorporates intangible assets into the evaluation of firms’ managerial performance, and examines the mediating roles of efficiency in analyzing firms’ social responsibility and their financial performance. Our results reveal that: (1) the conventional methods tend to underestimate efficiency owing to the neglect of intangible assets; (2) the firms assuming social responsibility perform better than others in terms of ROA, efficiency, and market shares; and (3) the mediating role of efficiency is significant in firms’ ROE.