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The impact of corporate social responsibility on financial performance: Evidence from business in Taiwan

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  • Lin, Chin-Huang
  • Yang, Ho-Li
  • Liou, Dian-Yan

Abstract

Several research studies have examined corporate social responsibility (CSR) and its effects on business performance, but their results vary widely. This may stem from flawed analyses by regressing financial performance on corporate social performance, and/or perhaps from several inadequately controlled variables. Previous studies did not recognize investment in research and development as a critical variable because there is considerable empirical evidence to indicate that it has a strong positive impact on profitability. This misidentification creates biased estimates of the financial impact of CSR.

Suggested Citation

  • Lin, Chin-Huang & Yang, Ho-Li & Liou, Dian-Yan, 2009. "The impact of corporate social responsibility on financial performance: Evidence from business in Taiwan," Technology in Society, Elsevier, vol. 31(1), pages 56-63.
    • Handle: RePEc:eee:teinso:v:31:y:2009:i:1:p:56-63
    DOI: 10.1016/j.techsoc.2008.10.004
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    References listed on IDEAS

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