IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v53y2021i23p2661-2670.html
   My bibliography  Save this article

Corporate social responsibility and financial performance: a case study based in Taiwan

Author

Listed:
  • Yung-Heng Lee
  • Lori Tzu-Yi Yang

Abstract

This study investigates whether the impact of a firm’s CFP differs depending on the level of CSR performance and the amount of annual operating expenditure. The ‘Excellence in Corporate Social Responsibility TOP 50’ award results serve as the CSR performance indicator, and corporate annual financial performance data from 2013 to 2017 serve as empirical data. This study uses the panel smooth transition regression model. The findings reveal that the relationship between a firm’s operating expenditures and its profitability is non-linear, and with certain threshold values of CSR scores, operating spend has a more significant and negative effect on profitability. Firms that implemented more CSR measures experienced greater negative effects on profitability.

Suggested Citation

  • Yung-Heng Lee & Lori Tzu-Yi Yang, 2021. "Corporate social responsibility and financial performance: a case study based in Taiwan," Applied Economics, Taylor & Francis Journals, vol. 53(23), pages 2661-2670, May.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:23:p:2661-2670
    DOI: 10.1080/00036846.2020.1866158
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2020.1866158
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2020.1866158?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Martin Kamau Muchiri & Szilvia Erdei-Gally & Mária Fekete-Farkas, 2022. "Effect of CSR on the Financial Performance of Financial Institutions in Kenya," Economies, MDPI, vol. 10(7), pages 1-23, July.

    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:taf:applec:v:53:y:2021:i:23:p:2661-2670. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.