Does CSR reputation mitigate the impact of corporate social irresponsibility?

被引：0
作者：
Meijui Sun
Ming-Chang Huang
机构：
[1] Ming Chuan University,Department of International Business, School of Management
[2] National Yunlin University of Science and Technology,Department of Business Administration, College of Management
来源：
Asian Business & Management | 2022年 / 21卷
关键词：
Corporate social responsibility (CSR); Corporate social irresponsibility (CSiR); Moral capital; Moral liability; Corporate performance; Reputation; Event study;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study investigates the valuation and performance effects of corporate social responsibility (CSR) and irresponsibility (CSiR) activities adopted by 72 CSR-awarded and 87 nonawarded listed firms in Taiwan. Focusing on 1368 CSR/CSiR events during 2008–2011, this study provides an overview and a comparison of CSR/CSiR activities in an emerging Asian economy and focuses on the reputation and buffering effects of CSiR events. The results show that CSR activities are accompanied by improved performance. Compared with nonawarded firms, when CSR-awarded firms experience CSiR events, their investors impose stricter punishments. Consequently, the performance of CSR-awarded firms is inferior to that of nonawarded firms. This empirical work shows that firms with high CSR reputations are not buffered from the consequences of scandal and clarifies the incongruent and mixed findings regarding the CSR–performance relationship in the existing literature.
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页码：261 / 285
页数：24
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