The Effects of Banks’ CSR Activities on Economic Efficiency

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Title:	The Effects of Banks’ CSR Activities on Economic Efficiency
Other Titles:	銀行業從事CSR活動對其經濟效率之影響
Authors:	Huang, Tai-Hsin;Hu, Wen-Cheng;Lin, Yi-Chun;Chiu, Yi-Huang
Keywords:	Corporate social responsibility;endogenous inputs;directional input distance function;environmental variables;cost inefficiency
Date:	2023-03
Issue Date:	2024-07-23 12:05:43 (UTC+8)
Publisher:	臺灣財務金融學會
Abstract:	This paper examines whether the engagement of corporate social responsibility (CSR) influences bank's economic efficiency. We compile different CSR scores from EIRIS database spanning 2003-2014 and estimate a directional input distance function with endogenous inputs and a cost frontier. The allocative inefficiency is found to outweigh technical inefficiency and most environmental variables significantly affect various inefficiencies. The exclusion of the environmental variables leads to under-estimation of efficiency scores. During the period of the financial crisis of 2007-2009, efficiency measures regress. Banks operating in Europe and America outperform those in Asia. Finally, the omission of undesirables incurs lower technical inefficiency estimates.
Relation:	Journal of Financial Studies 31(1), p.31-75
DOI:	10.6545/JFS.202303_31(1).0002
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Journal Article

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