Since 2014
Is It Valuable for Business to Behave Responsibly- Evidence from Taiwan
Management and Administrative Sciences Review
View Archive Info| Field | Value | |
| Title |
Is It Valuable for Business to Behave Responsibly- Evidence from Taiwan
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| Creator |
Chen, Chang-Wen
Huang, Kuo-Chung Liao, Yu-Ling |
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| Subject |
Economic practice; social practice; corporate social responsibility; corporate social performance; corporate financial performance; sustainable development; stakeholder
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| Description |
For getting a healthy and sustainable living environment, corporate social responsibility (CSR) has become a hot topic in the world. This paper clarifies the main factors that affect corporate financial performance and social performance, and the interaction relationship among them with evidence analysis. The result not only gets rid of the traditional cognition that corporate social responsibilities are the burden and cost, but also identifies them as renewable resources for sustainable business. Under controlling relevant operation parameters, this study uses research the approach of 3SLS simultaneous equations with the multiple financial performance indicators such as corporate value, return on total assets and earnings per share to construct the unbiased, consistency and validity model. So we can receive the comparatively reliable result, and offer the behavioural bases of relevant interested parties. From the difference analysis, more operating variables are significant differences for different level of corporate value and social performance. Moreover, enterprises with high social performance have better financial performance. From 3SLS model analysis, more operating variables are significant influences on social performance and financial performance. It has the positive and significant influence for social performance on financial performance. High social performance is not only for the benefit of stakeholders, but also an alternative asset for the enterprise itself, being helpful to promote the corporate financial performance.
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| Publisher |
Academy of Business & Scientific Research
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| Date |
2013-05-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://absronline.org/journals/index.php/masr/article/view/91
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| Source |
Management and Administrative Sciences Review; Vol 2 No 1 (2013); 59-66
2308-1368 2310-872X |
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| Language |
eng
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| Relation |
http://absronline.org/journals/index.php/masr/article/view/91/117
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| Rights |
Copyright (c) 2014 Management and Administrative Sciences Review
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