本研究利用兩階段數據包絡分析網絡模型(two-stage data envelopment analysis network measure)，檢查2016年至2020年43家台灣企業在半導體產業的永續效率(Sustainability Efficiency)和獲利效率(Profitability Efficiency)。結果顯示，永續效率指標對台灣半導體產業的獲利效率沒有顯著的影響。然而，我們發現企業社會責任(Corporate Social Responsibility)是永續效率和獲利效率之間關係的調節因素。研究發現，企業社會責任指標中的公司治理與社會構面愈佳，其獲利愈好。此外，我們發現交叉項，當公司重視永續效率與環境因素，永續效率與社會因素時，對企業的獲利有正面的調節作用。因此，投資於高企業社會責任的企業可以更有利於將社會活動轉化為獲利成果。本研究結果建議台灣半導體企業管理者在做出企業社會活動決策時考慮企業社會責任，以幫助其提高獲利效率。
The two-stage data envelopment analysis (DEA) network measure is utilized in this study to examine the sustainability efficiency and profitability efficiency of 43 Taiwanese enterprises from 2016 to 2020 in the semiconductor industry. The result shows that the indicator of sustainability efficiency did not have a significant impact on the profitability efficiency of Taiwanese enterprises in the semiconductor industry. However, we found that corporate social responsibility is a moderator in the relationship between sustainability efficiency and profitability efficiency. This study found that the indicators of corporate social responsibility, the social and corporate governance pillars scores positively impact the profitability efficiency of Taiwanese enterprises in the semiconductor industry. Moreover, we found that environmental pillar score and social pillar score with sustainability efficiency has a positive impact on profitability efficiency. Therefore, firms invested in high corporate social responsibility could get more favorable in turning social activities into profitability outcomes. The findings of this research recommend managers of Taiwanese enterprises in the semiconductor industry consider CSR when they make decisions regarding corporate social activities to help them improve their profitability efficiency.
