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 | |
| Publication status | Published - 2014 Aug 1 |
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All Science Journal Classification (ASJC) codes
- Business and International Management
- Business, Management and Accounting(all)
- Arts and Humanities (miscellaneous)
- Economics and Econometrics
- Law
Cite this
}
The Effect of Corporate Social Performance on Financial Performance : The Moderating Effect of Ownership Concentration. / Peng, Chih Wei; Yang, Mei Ling.
In: Journal of Business Ethics, Vol. 123, No. 1, 01.08.2014, p. 171-182.Research output: Contribution to journal › Article
TY - JOUR
T1 - The Effect of Corporate Social Performance on Financial Performance
T2 - The Moderating Effect of Ownership Concentration
AU - Peng, Chih Wei
AU - Yang, Mei Ling
PY - 2014/8/1
Y1 - 2014/8/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84880137823&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84880137823&partnerID=8YFLogxK
U2 - 10.1007/s10551-013-1809-9
DO - 10.1007/s10551-013-1809-9
M3 - Article
AN - SCOPUS:84880137823
VL - 123
SP - 171
EP - 182
JO - Journal of Business Ethics
JF - Journal of Business Ethics
SN - 0167-4544
IS - 1
ER -