Corporate social performance and financial performance relationship: A data envelopment analysis approach without explicit input

被引：71

作者：

Ben Lahouel, Bechir ^{[1
]}

Ben Zaied, Younes ^{[2
]}

Song, Yaoyao ^{[5
]}

Yang, Guo-liang ^{[3
,4
]}

机构：

[1] IPAG Chair Inclus Co, IPAG Business Sch, Paris, France

[2] EDC Business Sch, Paris, France

[3] Chinese Acad Sci, Inst Sci, Beijing, Peoples R China

[4] Chinese Acad Sci, Inst Dev, Beijing, Peoples R China

[5] Capital Univ Econ & Business, Sch Econ, Beijing 100070, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2021年 / 39卷

关键词：

Corporate social performance; Financial performance; Data envelopment analysis; GMM; Endogeneity; Airlines; MODERATING ROLE; DEA MODELS; RESPONSIBILITY; UTILITY; CSR; ENDOGENEITY; MANAGEMENT; AIRLINES; DYNAMICS; SERVICE;

D O I：

10.1016/j.frl.2020.101656

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The aim of this paper is twofold: to provide a novel methodology for the development of a multidimensional and aggregated measure of Corporate Social Performance (CSP) based on Data Envelopment Analysis (DEA), and to investigate the relationship between CSP and financial performance (FP) while accounting for endogeneity issues. Hence, we exploit several estimators from both static panel and dynamic panel data models to show that the GMM estimator is more adequate than the traditional estimators based on fixed or random effects. Our results show that corporate social performance impacts negatively and significantly financial performance.

引用

页数：8

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