本研究旨在探討近年台灣上市上櫃公司企業社會責任表現與其公司創新之關聯 性。相較於以前的研究,我們使用台灣專利檢索系統中所提供公司在國內公開的申 請的專利記錄。此外,我們結合天下百大企業公民獎以及遠見企業社會責任獎之排 名公司,他們是從公司治理、經濟、社會和環境四個方面所架構出台灣企業社會責任 之衡量指標。
研究結果顯示,在我們選定的樣本期間,企業社會責任績效與企業創新呈現正向地顯著關係。根據這些結果,我們發現企業社會責任績效較好的公司將增加公司所提出的專利申請通過數目以及成功通過專利申請被引用的數目。本文驗證了企業社會責任績效對企業創新的影響。

This paper provides empirical evidence for the effect of corporate social responsibility on corporate innovation in the Taiwan market. Compared to prior studies, we use a unique data set of patent data in Taiwan Patent Search System which provide firms’ patent records with domestic published applications. Furthermore, we combine the corporate social responsibility rank in CommonWealth's Top 100 Corporate Citizens with Global Views
Corporate Social Responsibility Awards. Their CSR score is constructed on the four dimensions: corporate governance, economic, social and environmental.
Our study finds that firms’ CSR performance is positively significant associated with corporate innovation during our sample period. For this result, we conclude that firms with better CSR performance will raise the successful patent applications filed by the firm and also the citations received by all successful patent applications. This paper verify the effect of CSR performance on firms’ innovation.

REFFERENCES
Acharya, V. and K. Subramanian (2009), “Bankruptcy Codes and Innovation.” Review of Financial Studies 22, pp. 4949-4988.
Aghion, P., J. Van Reenen, and L. Zingales, 2013, “Innovation and Institutional Ownership.” American Economic Review 103, pp. 277-304.
Albinger, H. and S. Freeman (2000), “Corporate Social Performance and Attractiveness as an Employer to Different Job Seeking Populations.” Journal of Business Ethics 28, pp. 243-253.
Argyres, N.S. and Silverman, B.S. (2004), “R&D, organization structure, and the development of corporate technological knowledge.” Strategic Management Journal 25, pp. 929-958.
Aupperle, K. E., and Van Pham (1989), “An expanded investigation into the relationship of corporate social responsibility and financial performance.” Employee Responsibilities and Rights Journal 2(4), pp. 263-274.
Aupperle, K., Carroll, A. and Hatfield, J. (1985), “An empirical examination of the relationship between corporate social responsibility and profitability.” Academy of Management Journal 28(2), pp. 446-463.
Backhaus, K., B. Stone, and K. Heiner (2002), “Exploring the Relationship between Corporate Social Performance and Employer Attractiveness,” Business & Society 41, pp. 292-318.
Bansal, P. (2005), “Evolving sustainably: a longitudinal study of corporate sustainable development.” Strategic Management Journal 26, pp. 197-218.
Baregheh, A., Rowley, J. and Sambrook, S. (2009), “Towards a multidisciplinary definition of innovation”, Management Decision 47(8), pp. 1323-39.
Barney, P. (1991), “Firms resources and sustained competitive advantage.” Journal of Management 17, pp. 99-120.
Baron, D., (2001), “Private Politics, Corporate Social Responsibility, and Integrated Strategy.” Journal of Economics & Management Strategy 10, pp.7-45.
Belenzon, S. and Schankerman, M. (2013), “Spreading the Word: Geography, Policy and Knowledge Spillovers.” Review of Economics and Statistics 95, pp. 884-903.
Bereskin, F.L., Campbell T. L., and Hsu P. H. (2016), “Corporate Philanthropy, Research Networks, and Collaborative Innovation.” Financial Management 45(1), pp .175 – 206. Brammer, S. and Millington, A. (2008), “Does it pay to be different? An analysis of the relationship between corporate social and financial performance.” Strategic
Management Journal 29, pp. 1325-43.
Bryan W. Husted, David B. Allen (2007), “Strategic Corporate Social Responsibility and
Value Creation among Large Firms: Lessons from the Spanish Experience.” Long
Range Planning 40(6), pp. 594-610.
Cespa, G. and Cestone, G. (2007), “Corporate Social Responsibility and Managerial
Entrenchment,” Journal of Economics and Management Strategy 16, pp. 741-771. Cho, H. and Pucik, V. (2005), “Relationship between innovativeness, quality, growth,
profitability, and market value.” Strategic Management Journal 26, pp. 555-575. Ciftci, M. and Cready, W. (2011), “Scale Effects of R&D as Reflected in Earnings and
Returns.” Journal of Accounting and Economics 52, pp. 62-80.
Coombs J. E. and Bierly P. E. (2006), “Measuring technological capability and performance”
R&D Management Volume 36(4), pp. 421–438.
Rupp D. E., Ganapathi, J., Ruth V. Aguilera and Williams C. A. (2006), “Employee
Reactions to Corporate Social Responsibility: An Organizational Justice Framework.”
Journal of Organizational Behavior 27(4), pp. 537-543.
Daft, R.L. (1982), “Bureaucratic versus non bureaucratic structure and the process of
innovation and change.” Research in the Sociology of Organisations 1, JAI Press,
Greenwich, CT.
Devinney, T.M. (2008), “Is the socially responsible corporation a myth? The good, the bad,
and the ugly of corporate social responsibility.” Academy of Management Perspectives
1725, pp. 44-56.
Dory, T. (2005), “Review of IPTS’s research on regional profiles.” paper presented at the
MLP Regional Profiles and Growth Poles Workshop, Brussels.
Fleming, L. and Sorenson, O. (2004), “Science as a Map in Technological Search.” Strategic
Management Journal 25, pp. 909-928.
Godfrey, P. (2005), “The Relationship between Corporate Philanthropy and Shareholder
Wealth: A Risk Management Perspective.” Academy of Management Review 30, pp.
777-798.
Griliches, Z. (1981), “Market Value, R&D, and Patents.” Economics Letters 7, pp. 183-167. Guedj, Ilan and Scharfstein, David (2005), “Organizational Scope and Investment: Evidence
from the Drug Development Strategies and Performance of Bio-pharmaceutical Firms.” NBER Working Paper No.10933.
Hall, B., A.B. Jaffe, and M. Trajtenberg (2005), “Market Value and Patent Citations.” RAND
Journal of Economics 36, pp. 16-38. Atanassov, J., V. Nanda, and A. Seru (2007), “Finance and Innovation: The Case of Publicly Traded Firms.” University of Chicago Working Paper.
Hall, B., A.B. Jaffe, and M. Trajtenberg (2005), “The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools.” in A.B. Jaffe and M. Trajtenberg, Eds. Patents, Citations and Innovations: A Window on the Knowledge Economy, Cambridge, MA, MIT Press, pp. 403-470.
Harhoff, D., Narin, F., Scherer, F. and K. Vopel (1999), “Citation Frequency and the Value of Patented Inventions.” Review of Economics and Statistics 81, pp. 511-515.
Hedstrom, G., Poltorzycki, S. and Strob, P. (1998), “Sustainable Development: the Next Generation of Business Opportunity”, available at: www.resourcesaver.com (accessed May 5, 2008).
Hendro, B., Ferreira, A. and Moulang, C. (2008), “Does the Use of Environmental Management Accounting Effect Innovation? An Exploratory Empirical Analysis?” paper presented at the 31st Annual Congress of the European Accounting Association, Rotterdam.
Hillman, A.J. and Keim, G.D. (2001), “Shareholder Value, Stakeholder Management, and Social Issues: What’s the Bottom Line?” Strategic Management Journal 22(2), pp. 125- 139.
Himmelberg, Charles and Petersen, Bruce (1994), “R&D and Internal Finance: A Panel Study of Small Firms in High- Tech Industries.” Review of Economics and Statistics 76, pp. 38-51.
Husted, B.W. and Allen, D.B. (2007), “Strategic Corporate Social Responsibility and Value Creation among Large Firms: lessons from the Spanish Experience.” Long Range Planning 40, pp. 594-610.
Ingram, R. and Frazier, K. (1980), “Environmental performance and corporate disclosure.” Journal of Accounting Research 18(2), pp. 614-621.
Kaplan, Steven and Zingales, Luigi (1997), “Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?” Quarterly Journal of Economics 112, pp. 169-215.
Lichtenberg, F. R., and D. Siegel (1991), “The Impact of R&D Investment On Productivity - New Evidence Using Linked R&D-LRD Data.” Economic Inquiry 29(2), pp. 203-229.
MacGregor P. S. and Fontrodona J. (2008), “Exporing the fit between CSR and Innovation. Barcelona: Center for Business in Society.” University of Navarra.
Mairesse, J. and Mohnen, P. (2002), “Accounting for innovation and measuring innovativeness: an illustrative framework and an application.” The Economics of Technology and Innovation 92, pp. 226-230.
McWilliams, A. and Siegel, D. (2000), “Corporate social responsibility and financial performance: correlation or misspecification?” Strategic Management Journal 21, pp. 603-609.
McWilliams, A., and Siegel, D. (2001), “Corporate social responsibility: a theory of the firm perspective.” Academy of Management Review 26(1), pp. 117-127.
McWilliams, A., and Siegel, D. (2011), “Creating and Capturing Value Strategic Corporate Social Responsibility, Resource-Based Theory, and Sustainable Competitive Advantage.” Journal of Management 37, pp. 1480-1495.
Mintzberg, H. (1993), The Rise and Full of Strategic Planning, Free Press New York, NY. Nidumolu, R., Prahald, C.K. and Rangaswami, M.R. (2009), “Why sustainability is now the
key driver of innovation?” Harvard Business Review, pp. 57-64.
Pandit, S., C. Wasley, and T. Zach (2011), “The Effect of R&D Inputs and Outputs on the Relation between the Uncertainty of Future Operating Performance and R&D
Expenditures.” Journal of Accounting, Auditing and Finance 26, pp. 121-144. Peterson, D. (2004), “The Relationship between Perceptions of Corporate Citizenship and
Organizational Commitment.” Business & Society 43, pp. 296-319.
Preston, L.E. and O’Bannon, D.P. (1997), “The corporate social-financial performance
relationship: a typology and analysis.” Business and Society 36(4), pp. 419-429.
Ray, G., Barney, J.B. and Muhanna, W.D. (2004), “Capabilities, business processes, and competitive advantage: choosing the dependent variable in empirical tests of the
resource-based view.” Strategic Management Journal 25(1), pp. 23-37.
Robert C. Padgett and Jose I. Galan (2010), “The Effect of R&D Intensity on Corporate
Social Responsibility.” Journal of Business Ethics 93(3), pp. 407-418.
Rosenbaum, P. and D. Rubin (1983), “The Central Role of the Propensity Score in
Observational Studies for Causal Effects.” Biometrika 70, pp. 41-55.
Rosenbaum, P. and D. Rubin (1985a), “Constructing a Control Group Using Multivariate Matched Sampling Methods That Incorporate the Propensity.” American Statistician
39, pp. 33-38.
Rosenbaum, P. and D. Rubin (1985b), “The Bias Due to Incomplete Matching.” Biometrics 41, pp. 103-116.
Rubin, D. (1973), “Matching to Remove Bias in Observational Studies.” Biometrics 29, pp.
159-183.
Rubin, D. B. and N. Thomas (1992), “Characterizing the Effect of Matching Using Linear
Propensity Score Methods with Normal Distributions.” Biometrika 79, pp. 797-809. Sapra, H., A. Subramanian, and K. Subramanian (2014), “Corporate Governance and Innovation: Theory and Evidence.” Journal of Financial and Quantitative Analysis 49,
pp. 957-1003.
Scherer, F.M., (1965), “Firm Size, Market Structure, Opportunity, and the Output of Patented
Inventions.” American Economic Review 55, pp. 1097-1125.
Siegel, D. (2001), “Do British companies really need a minister to make them socially
responsible?” Parliamentary Brief, pp. 7-8.
Smith A. D., (2007), “Making the case for the competitive advantage of corporate social
responsibility.” Business Strategy Series, 8(3), pp.186-195.
Trajtenberg, M., (1990), “Penny for Your Quotes: Patent Citations and the Value of
Innovations.” RAND Journal of Economics 21, pp. 172-187.
Trebucq, S. and Evraert, S. (2008), “Adoption of GRI’s guidelines reporting by European
companies.”, paper presented at the 31st Annual Congress of the European Accounting
Association, Rotterdam.
Turban, D. and D. Greening (1997), “Corporate Social Performance and Organizational Attractiveness to Prospective Employees.” Academy of Management Journal 40, pp. 658-672.
Waddock, S. and Graves, S. (1997), “The corporate social performance-financial performance link.” Strategic Management Journal 18(4), pp. 303-319.
Werbel, J. and M. Wortman, Jr., (2000), “Strategic Philanthropy: Responding to Negative Portrayals of Corporate Social Responsibility.” Corporate Reputation Review 3, pp. 124-136.
Wernerfelt, B. (1984), “A resource based view of the firm.” Strategic Management Journal 5, pp. 171-180.
West, M. and Farr, J. (1989), “Innovation at work: psychological perspectives.” Social Behavior 4, pp. 15-30.
Zaltman, C., Duncan, R. and Holbek, J. (1973), Innovations and Organizations, Wiley, New York, NY.