Cited by 290Corporate Social Responsibility ReportingCorporate Governance and Financial ManagementCorporate Identity and Reputation

The relationship between corporate social responsibility and sustainable financial performance: firm‐level evidence from Taiwan

Hou, Tony Chieh‐Tse·2019·Corporate Social Responsibility and Environmental Management

Abstract

This study examines the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in Taiwan. Using CSR awards as a social responsibility indicator, this study finds that socially responsible firms can achieve financial results superior to those of firms which do not pursue CSR initiatives. The relationship remains after endogeneity is treated. The Google Search Volume Index (SVI) is used as a specific proxy for firm visibility, observing that it has a positive influence on the CSR–CFP relationship. On further separation of the sample into electronics and non‐electronics industries, the results demonstrate that SVI has a positive influence on the CSR–CFP relationship in the electronics industry. For the non‐electronics industries, the results reveal that board ownership has a significant positive influence on the CSR–CFP relationship, and a negative relationship if it is a family business.

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Crossref · 10.1002/csr.1647

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57 of 57 references verified0 citation errors · 0 not checkable

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  • These companies will be able to obtain better resources, better employees and better opportunities.

    “These companies will be able to obtain better resources, better employees and better opportunities.50”

    From Artificial Intelligence and Sustainable Decisions (2023) · cites this paper as Hou (2019)

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Authors
Hou, T. C.
Affiliations
National Dong Hwa University (TW)
Corresponding author
Hou, Tony Chieh‐Tse
Venue
Corporate Social Responsibility and Environmental Management
Publisher
Wiley
Published
2018-07-20
Volume
26
Issue
1
Pages
19-28
ISSN
  • 1535-3958 (ISSN-L)
  • 1535-3966
OpenAlex
W2884775719
Cited by
290
References
57
Citations by year
2026: 16 · 2025: 28 · 2024: 54 · 2023: 50 · 2022: 52 · 2021: 40 · 2020: 30 · 2019: 18 · 2018: 2
FWCI
37.60
Type
journal article
Language
en
Open access
closed
Locations
Corporate Social Responsibility and Environmental Management (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Financial Management
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Identity and Reputation
Keywords
corporate social responsibility, financial performance, CSR awards, firm visibility, Google Search Volume Index, board ownership, family business, electronics industry, Taiwan

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