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

Chih Wei Peng; Mei Ling Yang

doi:10.1007/s10551-013-1809-9

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

Chih Wei Peng, Mei Ling Yang

Department of Accounting

Research output: Contribution to journal › Article › peer-review

38 Citations (Scopus)

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.

Original language	English
Pages (from-to)	171-182
Number of pages	12
Journal	Journal of Business Ethics
Volume	123
Issue number	1
DOIs	https://doi.org/10.1007/s10551-013-1809-9
Publication status	Published - 2014 Aug 1

All Science Journal Classification (ASJC) codes

Business and International Management
Business, Management and Accounting(all)
Arts and Humanities (miscellaneous)
Economics and Econometrics
Law

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Cite this

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