Does CSR Engagement Affect Banking Efficiency in the Context of a Stochastic Cost Frontier?

在隨機成本架構下銀行從事CSR會否影響其效率？

黃台心(Tai-Hsin Huang) ； 沈中華(Chung-Hua Shen) ； 吳孟紋(Meng-Wen Wu) ； 張穎中(Ying-Chung Chang)

《財務金融學刊》 27卷4期 (2019/12) Pp. 1-32

https://doi.org/10.6545/JFS.201912_27(4).0001

摘要

This paper examines the effect of corporate social responsibility (CSR) on the cost efficiency of banks across countries with the measure of CSR compiled from the EIRIS database. We consider CSR as an environmental variable, which allows us to associate CSR with cost efficiency. The empirical results fail to support the greenwashing hypothesis, but partially support the altruistic and strategic motives. Since it takes time for a bank to achieve a higher CSR score, a bank tends to be altruistic in the short-run, while a bank tends to be strategic in the long-run.

關鍵字

CSR score ； stochastic cost frontier ； environmental variables ； altruistic motive ； strategic motive

並列摘要

本文探討銀行從事企業社會責任（CSR），對其成本效率產生何種影響？利用EIRIS資料庫收集跨國銀行業的CSR資料，轉換成標準化分數，視為環境變數之一，進行實證分析。結果不支持漂綠假說，部分支持利他與策略動機。因為銀行CSR分數需經過一段時間的累積，故在短期間CSR分數低於55分時，支持利他動機；高於55分的長期，則支持策略動機。

並列關鍵字

CSR分數 ； 隨機成本邊界 ； 環境變數 ； 利他動機 ； 策略動機

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