IDEAS home Printed from https://ideas.repec.org/a/eee/ecofin/v28y2014icp313-326.html
   My bibliography  Save this article

Obstacle factors of corporate social responsibility implementation: Empirical evidence from listed companies in Taiwan

Author

Listed:
  • Yeh, Shu-Ling
  • Chen, Yu-Shan
  • Kao, Yi-Hui
  • Wu, Sou-Shan

Abstract

This study is an initiative to integrate corporate social responsibility (CSR) and apply mind-mapping techniques to demonstrate the mind map of CSR implementation and obstacles faced by companies listed on the Taiwan Stock Exchange (TWSE) and Gre Tai Securities Market (GTSM) in Taiwan. In addition, this study takes the initiative to conduct a compressive questionnaire on CSR of those companies listed. The results show that “shortage of human resources” is the major obstacle to CSR implementation and that “no mandatory regulations” is the first priority in terms of needing improvement for CSR implementation. In addition, an independent sample t-test produces a mean score of 73% for the items on CSR reports as regulated by the Global Reporting Initiative (GRI) is reported. Moreover, a factor analysis is used to identify four dimensional factors (namely, “company resources,” “regulations and international environment,” “knowledge of CSR” and “capital” variables) as the effective predictors. This research also determines that cross-level obstacles to CSR implementation are correlated and demonstrates a view of “cross-level ecosystem of obstacle factors of CSR implementation.” Finally, the results of Asia-Pacific Economic Cooperation (APEC) members to disclose CSR information after the financial crisis are also compared and analyzed with our research in this study.

Suggested Citation

  • Yeh, Shu-Ling & Chen, Yu-Shan & Kao, Yi-Hui & Wu, Sou-Shan, 2014. "Obstacle factors of corporate social responsibility implementation: Empirical evidence from listed companies in Taiwan," The North American Journal of Economics and Finance, Elsevier, vol. 28(C), pages 313-326.
    • Handle: RePEc:eee:ecofin:v:28:y:2014:i:c:p:313-326
    DOI: 10.1016/j.najef.2014.03.011
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S106294081400031X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.najef.2014.03.011?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Alan Muller & Ans Kolk, 2009. "CSR Performance in Emerging Markets Evidence from Mexico," Journal of Business Ethics, Springer, vol. 85(2), pages 325-337, April.
    2. Suzuki, Kenji & Tanimoto, Kanji, 2005. "Corporate Social Responsibility In Japan: Analyzing The Participating Companies In Global Reporting Initiative," EIJS Working Paper Series 208, Stockholm School of Economics, The European Institute of Japanese Studies.
    3. Zhang, Bing & Li, Xindan & Yu, Honghai, 2013. "Has recent financial crisis changed permanently the correlations between BRICS and developed stock markets?," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 725-738.
    4. Giacomo Boesso & Kamalesh Kumar & Giovanna Michelon, 2013. "Descriptive, instrumental and strategic approaches to corporate social responsibility," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 26(3), pages 399-422, March.
    5. José M. Moneva & Pablo Archel & Carmen Correa, 2006. "GRI and the camouflaging of corporate unsustainability," Accounting Forum, Taylor & Francis Journals, vol. 30(2), pages 121-137, June.
    6. Issam Srour & Wai Kiong Chong & Fan Zhang, 2012. "Sustainable recycling approach: an understanding of designers' and contractors' recycling responsibilities throughout the life cycle of buildings in two US cities," Sustainable Development, John Wiley & Sons, Ltd., vol. 20(5), pages 350-360, September.
    7. Constantin Belu & Cristiana Manescu, 2013. "Strategic corporate social responsibility and economic performance," Applied Economics, Taylor & Francis Journals, vol. 45(19), pages 2751-2764, July.
    8. Lin, Chin-Huang & Yang, Ho-Li & Liou, Dian-Yan, 2009. "The impact of corporate social responsibility on financial performance: Evidence from business in Taiwan," Technology in Society, Elsevier, vol. 31(1), pages 56-63.
    9. M. López & Arminda Garcia & Lazaro Rodriguez, 2007. "Sustainable Development and Corporate Performance: A Study Based on the Dow Jones Sustainability Index," Journal of Business Ethics, Springer, vol. 75(3), pages 285-300, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yi-Ting Lin & Nien-Chi Liu, 2019. "Corporate Citizenship and Employee Outcomes: Does a High-Commitment Work System Matter?," Journal of Business Ethics, Springer, vol. 156(4), pages 1079-1097, June.
    2. Nava Subramaniam & Monika Kansal & Shekar Babu, 2017. "Governance of Mandated Corporate Social Responsibility: Evidence from Indian Government-owned Firms," Journal of Business Ethics, Springer, vol. 143(3), pages 543-563, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Woon Leong Lin & Chin Lee & Siong Hook Law, 2021. "Asymmetric effects of corporate sustainability strategy on value creation among global automotive firms: A dynamic panel quantile regression approach," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 931-954, February.
    2. She‐Chih Chiu & Hsuan‐Chu Lin & Chuan‐San Wang, 2017. "The Impact of Investments in Pollution Reduction on Shareholder Wealth: Evidence from Taiwanese Manufacturing Companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(6), pages 676-691, November.
    3. María del Mar Miras‐Rodríguez & Amalia Carrasco‐Gallego & Bernabé Escobar‐Pérez, 2015. "Are Socially Responsible Behaviors Paid Off Equally? A Cross‐cultural Analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(4), pages 237-256, July.
    4. Priyanka Garg, 2016. "CSR and corporate performance: evidence from India," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 43(4), pages 333-349, December.
    5. Maximilian Schnippering, 2020. "R&D: the missing link between corporate social performance and financial performance?," Management Review Quarterly, Springer, vol. 70(2), pages 243-255, May.
    6. Ismail N.B. & Sébastien Alcouffe & Galy N & Ceulemans K, 2020. "The impact of international sustainability initiatives on Life Cycle Assessment voluntary disclosures: The case of France’s CAC40 listed companies," Post-Print hal-03082800, HAL.
    7. Bilal Fayiz Omar & Nidal Omar Zallom, 2016. "Corporate social responsibility and market value: evidence from Jordan," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 14(1), pages 2-29, July.
    8. Olivier Boiral, 2010. "Peut-on mesurer les performances de développement durable?," CIRANO Working Papers 2010s-11, CIRANO.
    9. Karishma Ansaram & Neeveditah Pariag-Maraye, 2018. "Modelling the Impact of Responsibility Levels on Corporate Financial Performance: The Case of Top 100 Firms in Mauritius," Business and Economic Research, Macrothink Institute, vol. 8(3), pages 118-138, September.
    10. E.O. Marfo & L. Chen & H. Xuhua & H.A. Antwi & E. Yiranbon, 2015. "Corporate Social Responsibility: Driving Dynamics on Firm’s Profitability in Ghana," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(3), pages 116-132, July.
    11. Tafadzwa Mark Wasara & Fortune Ganda, 2019. "The Relationship between Corporate Sustainability Disclosure and Firm Financial Performance in Johannesburg Stock Exchange (JSE) Listed Mining Companies," Sustainability, MDPI, vol. 11(16), pages 1-23, August.
    12. Cory Searcy, 2012. "Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda," Journal of Business Ethics, Springer, vol. 107(3), pages 239-253, May.
    13. Niknamian, Sorush, 2019. "Corporate social responsibility and value creation," OSF Preprints bj7xr, Center for Open Science.
    14. Shahbaz, Muhammad & Karaman, Abdullah S. & Kilic, Merve & Uyar, Ali, 2020. "Board attributes, CSR engagement, and corporate performance: What is the nexus in the energy sector?," Energy Policy, Elsevier, vol. 143(C).
    15. Marina Brogi & Antonella Cappiello & Valentina Lagasio & Fabrizio Santoboni, 2022. "Determinants of insurance companies' environmental, social, and governance awareness," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1357-1369, September.
    16. Zhu, Qinghua & Liu, Junjun & Lai, Kee-hung, 2016. "Corporate social responsibility practices and performance improvement among Chinese national state-owned enterprises," International Journal of Production Economics, Elsevier, vol. 171(P3), pages 417-426.
    17. Woon Leong Lin & Jo Ann Ho & Murali Sambasivan, 2018. "Impact of Corporate Political Activity on the Relationship Between Corporate Social Responsibility and Financial Performance: A Dynamic Panel Data Approach," Sustainability, MDPI, vol. 11(1), pages 1-22, December.
    18. Bianca Alves Almeida Machado & Lívia Cristina Pinto Dias & Alberto Fonseca, 2021. "Transparency of materiality analysis in GRI‐based sustainability reports," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 570-580, March.
    19. Shaozhen Han & Guoming Li & Michel Lubrano & Zhou Xun, 2020. "Lie of the Weak: Inconsistent Corporate Social Responsibility Activities of Chinese Zombie Firms," AMSE Working Papers 2001, Aix-Marseille School of Economics, France.
    20. Alexandra ZBUCHEA & Florina PÎNZARU, 2017. "Tailoring CSR Strategy to Company Size?," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(3), pages 415-437, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecofin:v:28:y:2014:i:c:p:313-326. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620163 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.