Corporate Social Responsibility and Corporate Performance: A Hybrid Text Mining Algorithm

Lee, Mushang; Huang, Yulan

doi:10.3390/su12083075

Cited by 13 publications

(9 citation statements)

References 78 publications

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“…In the annual CSR Reports, companies are expected to use these terms, which are significant attributes for proper conduct (ABNT Items 3.3 and 4.7), since, if companies behave ethically, taxes will be responsibly passed on to the government, which will provide more goods and services to society, increasing social welfare. Lee and Yu-Lan [55] also used a computational linguistic analysis to quantify the importance of each special term on CSR reports.…”

Section: Disclosure Of Non-financial Datamentioning

confidence: 99%

Corporate Behavior: An Exploratory Study of the Brazilian Tax Management from a Corporate Social Responsibility Perspective

2020

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A look into the literature on corporate social responsibility (CSR) reveals few studies focusing on the relationship between ethical concerns and corporate behavior of companies that perform tax evasion management. This study links tax management with ethics and CSR reporting. The purpose of this article is to analyze financial and social responsibility information disclosed by the five main Brazilian construction companies that are being investigated in Brazil’s Operation Car Wash (Operação Lava-Jato—in Portuguese) because of inappropriate behavior. Based on the theoretical concepts of organizational façades and organized hypocrisy, we used content-analysis methodology and lexical search approach to analyze the consistency between the practices of tax management and CSR reporting. The results reveal evidence of aggressive tax management. To meet its tax management objectives, a company usually manages and plans taxes accordingly, delaying the payment of tax debt and not reporting all tax risks, thus being fined for violations of the law. We found evidence of organized hypocrisy and organizational façades, since there are contradictions between the tax behavior of the investigated companies and their CSR and ethical discourse.

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Section: Disclosure Of Non-financial Datamentioning

confidence: 99%

Corporate Behavior: An Exploratory Study of the Brazilian Tax Management from a Corporate Social Responsibility Perspective

2020

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“…To estimate a firm performance study uses two proxies; return on assets (ROA) and return of equity (ROE). ROA and ROE are the most commonly used proxies for the measurement of firm performance (Lee & Huang, 2020). The control variables of the study include size, leverage, and age which are also in line with (A. S. Yang & Baasandorj, 2017).…”

Section: Variables Of the Studymentioning

confidence: 99%

Corporate Social Responsibility and Firm Performance: Evidence from Pakistan

Khan¹,

Malik²,

Saghir³

2020

IRMBR

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The current study aims at exploring the relationship of CSR practices with firm performance (FP) in the non-financial sector of the Pakistan stock exchange (PSX). For this purpose, the study uses sample data of 231 companies listed at PSX. The study uses “donation amount to sales” as a proxy variable for CSR practices and return on equity (ROE), return on assets (ROA) as the proxies of firm performance. The models are tested using a panel regression estimation technique with a fixed effect method, as suggested by Hausman test. The results show that CSR is significantly positively related to ROE. Findings indicate that investment in CSR brings positive change in a firmâ€Ÿs profitability which ultimately leads to an increase in the shareholderâ€Ÿs wealth. Keywords: Corporate Social Responsibility, Pakistan Stock Exchange, Firm Performance, Fixed Effect Model, Non-financial Sector.

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“…This method is employed to assess CSR as a whole (Duan et al (2018), Kountouri et al (2019), Clarkson et al (2020)) as well as its particular issues (environmental (Krueger et al (2020)), social (Nazari et al (2017)), corporate governance (Boskou et al (2019)). To estimate the corporate philanthropy disclosure, we developed a set of techniques including bag-of-words (BoW) (Purda and Skillicorn (2015), Lee and Huang, 2020). Thirdly, we provided our own lexicon of corporate philanthropy disclosure based on machine learning technique and expert analysis.…”

Section: Introductionmentioning

confidence: 99%

“…(2019)). To estimate the corporate philanthropy disclosure, we developed a set of techniques including bag-of-words (BoW) (Purda and Skillicorn (2015), Lee and Huang, 2020). Thirdly, we provided our own lexicon of corporate philanthropy disclosure based on machine learning technique and expert analysis.…”

Section: Introductionmentioning

confidence: 99%

Impact of expenditures and corporate philanthropy disclosure on company value

Fedorova

Demin²,

Silina³

2023

CCIJ

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PurposeThe paper aims to estimate how corporate philanthropy expenditures and corporate philanthropy disclosure (in general and in different spheres) affect investment attractiveness of Russian companies.Design/methodology/approachTo assess the degree of corporate philanthropy disclosure the authors compiled lexicons based on a set of techniques: text and frequency analysis, correlations, principal component analysis. To adjust the existing classifications of corporate philanthropic activities to the Russian market the authors employed expert analysis. The empirical research base includes 83 Russian publicly traded companies for the period 2013–2019. To estimate the impact of indicators of corporate philanthropy disclosure on company's investment attractiveness the authors utilized panel data regression and random forest algorithm.FindingsWe compiled 2 Russian lexicons: one on general issues of corporate philanthropy and another one on philanthropic activities in various spheres (sports and healthcare; support for certain groups of people; social infrastructure; children protection and youth policy; culture, education and science). 2. The paper observes that the disclosure of non-financial data including that related to general issues of corporate philanthropy as well as to different spheres affects the market capitalization of the largest Russian companies. The results of regression analysis suggest that disclosure of altruism-driven philanthropic activities (such as corporate philanthropy in the sphere of culture, education and science) has a lesser impact on company's investment attractiveness than that of activities driven by business-related motives (sports and healthcare, children protection and youth policy).Research limitations/implicationsOur findings are important to management, investors, financial analysts, regulators and various agencies providing guidance on corporate governance and sustainability reporting. However, the authors acknowledge that the research results may lack generalizability due to the sample covering a single national context. Researchers are encouraged to test the proposed approach further on other countries' data by using the authors’ compiled lexicons.Originality/valueThe study aims to expand the domains of signaling and agency theories. First, this subject has not been widely examined in terms of emerging markets, the authors’ study is the first to focus on the Russian market. Secondly, the majority of scholars use text analysis to examine not only the impact of charitable donations but also the effect of corporate philanthropy disclosure. Thirdly, the authors provided the authors’ own lexicon of corporate philanthropy disclosure based on machine learning technique and expert analysis. Fourthly, to estimate the impact of corporate philanthropy on company's investment attractiveness the authors used the original approach based on combination of linear (regression), and non-linear methods (permutation importance. The authors’ findings extend the theoretical concept of Peterson et al. (2021): corporate philanthropy is viewed as the company strategy to reinforce its reputation, it helps to establish more efficient relationships with stakeholders which, in its turn, results in the increased business value.

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Corporate Social Responsibility and Corporate Performance: A Hybrid Text Mining Algorithm

Cited by 13 publications

References 78 publications

Corporate Behavior: An Exploratory Study of the Brazilian Tax Management from a Corporate Social Responsibility Perspective

Corporate Behavior: An Exploratory Study of the Brazilian Tax Management from a Corporate Social Responsibility Perspective

Corporate Social Responsibility and Firm Performance: Evidence from Pakistan

Impact of expenditures and corporate philanthropy disclosure on company value

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