IDEAS home Printed from https://ideas.repec.org/a/wly/mgtdec/v42y2021i2p360-368.html
   My bibliography  Save this article

The relationship between business performance, corporate social responsibility, and innovation capital: A case study of Taiwan

Author

Listed:
  • Fu‐Chiang Chen
  • Imen Tebourbi

Abstract

This study investigates the relationship of innovation capital and corporate social responsibility (CSR) with business performance. The sample is from 33 manufacturing companies that won the 2016 Corporate Citizenship Award of CommonWealth Magazine. Empirical analysis result shows that the average technical efficiency (TE) of the 33 corporate citizens is 0.835. Among companies, nine companies are relatively efficient, 24 companies are in scale inefficiency, and 20 companies are in mixed inefficiency. The relationship between the CSR total score and TE fails to reach a significant level, reflecting no significant association between the CSR total score evaluation result and TE value.

Suggested Citation

  • Fu‐Chiang Chen & Imen Tebourbi, 2021. "The relationship between business performance, corporate social responsibility, and innovation capital: A case study of Taiwan," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(2), pages 360-368, March.
    • Handle: RePEc:wly:mgtdec:v:42:y:2021:i:2:p:360-368
    DOI: 10.1002/mde.3240
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/mde.3240
    Download Restriction: no
    File URL: https://libkey.io/10.1002/mde.3240?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Golany, B & Roll, Y, 1989. "An application procedure for DEA," Omega, Elsevier, vol. 17(3), pages 237-250.
    2. Becchetti, Leonardo & Ciciretti, Rocco & Hasan, Iftekhar & Kobeissi, Nada, 2012. "Corporate social responsibility and shareholder's value," Journal of Business Research, Elsevier, vol. 65(11), pages 1628-1635.
    3. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    4. Rachel Bocquet & Christian Le Bas & Caroline Mothe & Nicolas Poussing, 2017. "CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis," Journal of Business Ethics, Springer, vol. 146(1), pages 241-254, November.
    5. Xingping Jia, 2020. "Corporate social responsibility activities and firm performance: The moderating role of strategic emphasis and industry competition," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 65-73, January.
    6. Becker-Olsen, Karen L. & Cudmore, B. Andrew & Hill, Ronald Paul, 2006. "The impact of perceived corporate social responsibility on consumer behavior," Journal of Business Research, Elsevier, vol. 59(1), pages 46-53, January.
    7. Jaime Guerrero‐Villegas & Laura Sierra‐García & Beatriz Palacios‐Florencio, 2018. "The role of sustainable development and innovation on firm performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1350-1362, November.
    8. Wang, David Han-Min & Yu, Tiffany Hui-Kuang & Liu, Hong-Quan, 2013. "Heterogeneous effect of high-tech industrial R&D spending on economic growth," Journal of Business Research, Elsevier, vol. 66(10), pages 1990-1993.
    9. R. D. Banker & A. Charnes & W. W. Cooper, 1984. "Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis," Management Science, INFORMS, vol. 30(9), pages 1078-1092, September.
    10. Cheng-Li Huang & Fan-Hua Kung, 2010. "Drivers of Environmental Disclosure and Stakeholder Expectation: Evidence from Taiwan," Journal of Business Ethics, Springer, vol. 96(3), pages 435-451, October.
    11. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shih-Chia Chang & Ming-Tsang Lu & Mei-Jen Chen & Li-Hua Huang, 2021. "Evaluating the Application of CSR in the High-Tech Industry during the COVID-19 Pandemic," Mathematics, MDPI, vol. 9(15), pages 1-16, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shih-Chia Chang & Ming-Tsang Lu & Mei-Jen Chen & Li-Hua Huang, 2021. "Evaluating the Application of CSR in the High-Tech Industry during the COVID-19 Pandemic," Mathematics, MDPI, vol. 9(15), pages 1-16, July.
    2. Suhyeon Han & Shinyoung Park & Sejin An & Wonjun Choi & Mina Lee, 2023. "Research on Analyzing the Efficiency of R&D Projects for Climate Change Response Using DEA–Malmquist," Sustainability, MDPI, vol. 15(10), pages 1-23, May.
    3. Zanella, Andreia & Camanho, Ana S. & Dias, Teresa G., 2015. "Undesirable outputs and weighting schemes in composite indicators based on data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 245(2), pages 517-530.
    4. Peter Fernandes Wanke & Rebecca de Mattos, 2014. "Capacity Issues and Efficiency Drivers in Brazilian Bulk Terminals," Brazilian Business Review, Fucape Business School, vol. 11(5), pages 72-98, October.
    5. Alberca-Oliver, Pilar & Rodríguez-Oromendía, Ainhoa & Parte-Esteban, Laura, 2015. "Measuring the efficiency of trade shows: A Spanish case study," Tourism Management, Elsevier, vol. 47(C), pages 127-137.
    6. Alessandra Cepparulo & Gilles Mourre, 2020. "How and How Much? The Growth-Friendliness of Public Spending through the Lens," European Economy - Discussion Papers 132, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Peyrache, Antonio & Rose, Christiern & Sicilia, Gabriela, 2020. "Variable selection in Data Envelopment Analysis," European Journal of Operational Research, Elsevier, vol. 282(2), pages 644-659.
    8. Ti-An Chen, 2022. "Business Performance Evaluation for Tourism Factory: Using DEA Approach and Delphi Method," Sustainability, MDPI, vol. 14(15), pages 1-19, July.
    9. Wijesiri, Mahinda & Yaron, Jacob & Meoli, Michele, 2017. "Assessing the financial and outreach efficiency of microfinance institutions: Do age and size matter?," Journal of Multinational Financial Management, Elsevier, vol. 40(C), pages 63-76.
    10. Ming-Fu Hsu & Ying-Shao Hsin & Fu-Jiing Shiue, 2022. "Business analytics for corporate risk management and performance improvement," Annals of Operations Research, Springer, vol. 315(2), pages 629-669, August.
    11. Wai‐Peng Wong & Qiang Deng & Ming-Lang Tseng & Loo‐Hay Lee & Chee‐Wooi Hooy, 2014. "A Stochastic Setting To Bank Financial Performance For Refining Efficiency Estimates," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 21(4), pages 225-245, October.
    12. Ramanathan, Ramakrishnan & Ramanathan, Usha & Bentley, Yongmei, 2018. "The debate on flexibility of environmental regulations, innovation capabilities and financial performance – A novel use of DEA," Omega, Elsevier, vol. 75(C), pages 131-138.
    13. Barros, Carlos Pestana, 2008. "Airports in Argentina: Technical efficiency in the context of an economic crisis," Journal of Air Transport Management, Elsevier, vol. 14(6), pages 315-319.
    14. José Lorenzo & Isabel Sánchez, 2007. "Efficiency evaluation in municipal services: an application to the street lighting service in Spain," Journal of Productivity Analysis, Springer, vol. 27(3), pages 149-162, June.
    15. Takashi Hiraide & Shinya Hanaoka & Takuma Matsuda, 2022. "The Efficiency of Document and Border Procedures for International Trade," Sustainability, MDPI, vol. 14(14), pages 1-21, July.
    16. Lucio Cecchini & Francesco Romagnoli & Massimo Chiorri & Biancamaria Torquati, 2023. "Eco-Efficiency and Its Determinants: The Case of the Italian Beef Cattle Sector," Agriculture, MDPI, vol. 13(5), pages 1-18, May.
    17. Guilhermina Rego & Rui Nunes & José Costa, 2010. "The challenge of corporatisation: the experience of Portuguese public hospitals," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 11(4), pages 367-381, August.
    18. Ravi Kumar Jain & Ramachandran Natarajan & Amlan Ghosh, 2016. "Decision Tree Analysis for Selection of Factors in DEA: An Application to Banks in India," Global Business Review, International Management Institute, vol. 17(5), pages 1162-1178, October.
    19. Liu, John S. & Lu, Louis Y.Y. & Lu, Wen-Min & Lin, Bruce J.Y., 2013. "A survey of DEA applications," Omega, Elsevier, vol. 41(5), pages 893-902.
    20. Hsiao-Yen Mao & Wen-Min Lu & Hsin-Yen Shieh, 2023. "Exploring the Influence of Environmental Investment on Multinational Enterprises’ Performance from the Sustainability and Marketability Efficiency Perspectives," Sustainability, MDPI, vol. 15(10), pages 1-23, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:42:y:2021:i:2:p:360-368. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.