Corporate social responsibility & firm efficiency: evidence from endogenous cost inefficiency stochastic frontier analysis

被引：3

作者：

Tu Van Binh ^{[1
,2
]}

Mulatu, Abay ^{[3
]}

Xu, Boying ^{[4
]}

机构：

[1] Univ Econ Ho Chi Minh City, Ho Chi Minh City, Vietnam

[2] CFVG, Ho Chi Minh City, Vietnam

[3] Coventry Univ, Ctr Financial & Corp Integr, Priory St, Coventry CV1 5FB, W Midlands, England

[4] Coventry Univ, Sch Econ Finance & Accounting, Coventry, W Midlands, England

来源：

APPLIED ECONOMICS | 2022年 / 54卷 / 55期

关键词：

Stochastic frontier models; CSR; efficiency; Vietnamese enterprises; PERFORMANCE; LEGITIMACY; MODELS;

D O I：

10.1080/00036846.2022.2063790

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the relationship between firms' performance in corporate social responsibility (CSR) and cost efficiency. We use a newly developed panel data model of stochastic frontier analysis that endogenizes cost efficiency. The dataset consists of 1,673 firms from ten provinces in Vietnam over three years: 2009, 2011 and 2013. Our results suggest that CSR can enhance cost efficiency of firms. This positive effect of CSR on efficiency can be masked if cost efficiency is treated as exogenous or endogeneity is not handled appropriately. The upshot is that our results challenge the widely held view of the existence of a trade-off between CSR and firm efficiency.

引用

页码：6380 / 6392

页数：13

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