2022
DOI: 10.3390/economies10060151
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Corporate Social Responsibility and Product Market Power

Abstract: This study explores the impact of corporate social responsibility (CSR) on the product market power by examining listed firms on the Taiwan Stock Exchange and Taipei Exchange from 2005 to 2017. We use CSR awards as a social responsibility indicator, and the results show a positive relationship between CSR and excess price-cost margins (market share), supporting the thesis that firms that value CSR activities can strengthen the competitive advantage of products in the market.

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Cited by 4 publications
(2 citation statements)
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“…This includes 13 secondary indicators and 37 tertiary indicators, providing a thorough and detailed assessment. In this study, the social responsibility data from Hexun.com were utilized as independent variables, following the approach of [52,82,83]. These references served as a basis for incorporating the Hexun.com data into the analysis.…”
Section: Explanatory Variablementioning
confidence: 99%
See 1 more Smart Citation
“…This includes 13 secondary indicators and 37 tertiary indicators, providing a thorough and detailed assessment. In this study, the social responsibility data from Hexun.com were utilized as independent variables, following the approach of [52,82,83]. These references served as a basis for incorporating the Hexun.com data into the analysis.…”
Section: Explanatory Variablementioning
confidence: 99%
“…To examine the resource acquisition path, we selected two mediating variables: operating cash flow (OCF) and financial constraints. To calculate operating cash flow (OCF), the approach from reference [82] was followed. The OCF is determined by taking the difference between cash inflows and cash outflows from operating activities and dividing it by the total assets of the company at the end of the period.…”
Section: Mediating Variablementioning
confidence: 99%