THE RELATIONSHIP BETWEEN CORPORATE SOCIAL PERFORMANCE AND FINANCIAL PERFORMANCE: EVIDENCES FROM INDONESIA AND TAIWAN
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 5, Issue 3
Abstract
Corporate Social Responsibility (CSR) has become a crucial issue since the awareness from many parties to do sustainable business in the world. Many companies try to adopt CSR as their responsibility toward their companies’ life. Since many researches try to figure out the effect of CSR for a company’s performance, this study will focus on doing comparison about the effect of CSR practice in Indonesia and Taiwan. This research document the relationship of between CSR and financial performance in Indonesia and Taiwan in selected companies. The empirical result shows that both of Indonesia and Taiwan companies have significant correlation with financial performance. Specifically, the effect of CSR in Taiwan is higher than in Indonesia so it indicates that CSR activities give beneficial for companies’ financial performance. This result will bring contributions toward CSR literatures and any parties about the growth of CSR in Asia’s countries.
Authors and Affiliations
Huey-Yeh Lin| (Corresponding author) Assistant Professor Department of Finance National Formosa University, No.64, Wunhua Rd., Huwei Township, Yunlin County 632, Taiwan. Tel: +886-978- 389-595 Email: linhykoo@gmail.com, Nursyamsi Amin| Graduate Student of Department of Finance National Formosa University, No.64, Wunhua Rd., Huwei Township, Yunlin County 632, Taiwan. Tel: +886-978- 644-433 Email: nursyamsiamin@gmail.com
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