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Journal of Business Ethics

Erschienen in:

01.08.2014

The Effect of Corporate Social Performance on Financial Performance: The Moderating Effect of Ownership Concentration

verfasst von: Chih-Wei Peng, Mei-Ling Yang

Erschienen in: Journal of Business Ethics | Ausgabe 1/2014

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Abstract

The purpose of this study is to extend prior research on this topic by investigating whether the impact of ownership concentration moderates the link between corporate social performance (CSP) and financial performance (FP). This study uses a set of unique, hand-collected pollution control data to measure CSP, based on a sample of Taiwanese listed companies during the period from 1996 to 2006. The results of the empirical analysis provide firm support for the idea that the divergence between control rights and the cash flow rights of controlling owners negatively moderates the link between social and short- and long-run FP.

Vorheriger Artikel What’s Worse in Times of Product-Harm Crisis? Negative Corporate Ability or Negative CSR Reputation?

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Titel: The Effect of Corporate Social Performance on Financial Performance: The Moderating Effect of Ownership Concentration
verfasst von: Chih-Wei Peng
Mei-Ling Yang
Publikationsdatum: 01.08.2014
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 1/2014
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-013-1809-9

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