科技研發所構成的策略聯盟是否與企業社會責任相似性互相關聯？經過此篇論文的研究表明，科技研發所構成的聯盟與CSR(企業社會責任)的相似性之間存在著重要的關聯。企業社會責任是近年來無論是在金融領域或是其他各大領域皆為關鍵的重要議題之一，它不僅可以代表公司的文化、聲譽甚至是整個社會對該企業所表達的信任。當企業建立研發聯盟時，可以使用企業社會責任作為選擇合作夥伴的標準。但是，CSR相似性對聯盟夥伴關係既有好處也有缺點，此種現象在研發領域所顯現的表徵特為明顯。
在本文中，我透過從COMPUSTAT，CRSP，SDC等資料庫所收集得來的數據獲取財務相關之比率及財務科目中的數字，並使用KLD資料庫獲取企業中每個類別的CSR得分。我使用組合的異常收益作為應變量，並使用CSR相似度作為自變量來檢驗假設。另外，不同行業在企業社會責任相似性中的表現亦可能有不同的影響。當合作夥伴的文化及習性或是企業經營理念更為相似時，合作的機會將有較高的機率增加；但是，由於兩方企業的相似程度也可能降低創造力和創新能力，進而影響科技研發聯盟的績效表現。相反地，當兩方企業不相似的伙伴所構成的策略聯盟，雖然可能因為理念不同及彼此不熟悉等因素降低合作可能，但在科技研發測策略聯盟上反而能激盪出不同的創新概念及提升聯盟績效。
綜上所述，我發現研發聯盟與CSR相似性更像存在著一種倒U型的關係。此外，聯盟合作夥伴所處的不同行業也與CSR相似性有關。特別是，根據靜態結果，它可能在研發聯盟和企業社會責任相似性之間存在兩個峰圖，此結果可以在日後的研究中進行近一步的擴展研究。

Does R&D alliance have relationship with CSR similarity? This study shows that there’re an unlined relationship between R&D alliance and CSR similarity. CSR is one of the critical issues in financial field recently, it can represent the culture, reputation, even the trust in organization. When firms establish R&D alliance, it can use CSR as a criterion to choose their partner. However, CSR similarity has both advantages and disadvantages to alliance partnerships, especially in R&D field.
In this paper, I collect data from COMPUSTAT, CRSP, SDC to obtain the financial information, and use KLD to get the CSR score in each category in firms. I use combined abnormal return as dependent variable, and use CSR similarity as an independent variable to test hypothesis. In addition, the different industry also has relationship with CSR similarity. When the partners are more similar, it may increase the chance to cooperate; yet, it might also decrease the ability of creativity and innovation. Opposite situation to those not similar partners is.
To sum up, I find R&D alliance has likelier inverted-U shape relationship with CSR similarity. Additionally, the different industry of alliance partners also has a relationship with CSR similarity. Especially, according to the statics result, it might exist a two peaks graph between R&D alliance and CSR similarity, it can be extended in future research.

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