| Summary: | 碩士 === 國立政治大學 === 金融學系 === 105 === This paper attempts to examine the effect of corporate social responsibility on cost efficiency, using OrbisBank database and CSR index from EIRIS database. Previous studies are all focused on the efficiency with different environmental variables, excluding corporate social responsibility nor do those studies elaborate the effect of CSR on cost efficiency by using stochastic frontier approach. Instead, existing literatures are all regards to the relation to financial performance and CSR. Therefore, we get the gold opportunity to shed the light on the correlation with CSR and cost efficiency. The empirical results we extract from the paper give us some perspectives on CSR. CSR engagement takes time to have influence on efficiency and it does vary from different countries; therefore, taking country-variation into consideration is essential when estimating efficiency. What’s more, we shouldn’t expect the involvement of CSR is short-term effect instead it’s a long-term investment.
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