| Summary: | 碩士 === 國立交通大學 === 企業管理碩士學程 === 101 === This purpose of this study is to examine if there exists any mediator between corporate social responsibly (CSR) and corporate financial performance (CFP). Specifically, this study focuses on a possible mediating role of innovation capital, one of mediators recommended in the literature between CSR and CFP. In addition to that, another moderator, employee ownership, is examined if it moderates among CSR, innovation capital, and CFP.
This study employs data from KLD for CSR, Compustat for financial statement variables (e.g. innovation capital or financial performance), and ERISA Form 5500 for employee ownership. The resulting data include 244 companies with CSR from year 2006, innovation capital from year 2007, employee ownership from year 2006, and CFP from year 2010. For analysis, this study uses both AMOS and SAS.
The result indicates that CSR significantly positively influences on CFP as innovation capital significantly positively influences on CFP. However, the influence of CSR on innovation capital is not significant. On the other hand, the employee ownership moderates between innovation capital and CFP.
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