Notice of RetractionThe relationship between corporate efficiency and CSR

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

While many studies have examined the relationship between corporate financial performance and CSR, little consensus has emerged. This study investigates the relationship through a set of Shenzhen Stock Exchange in view of devotion and earnings which regard firms who initiate CSR as tangible devotion and who desire corresponding earnings. Based on DEA method, this study first evaluates efficiency using suitable CSR initiatives as indexes of listed firms, then adapts content analysis method weighing CSR level. Finally concerns relationship of them, which include both corporate efficiency and CSR. We discover that there is a positive relation between the two, since CSR is helpful to improving corporate efficiency. Also, an established CSR factors such as property right structure, stock right structure, industry, operation, and philanthropy behaviors were set. Therefore, listed corporations should enhance CSR, and by doing this can help them consummate corporate governance structure and improve their financial performance.