Plastic optoelectronic materials and thin film devices are very attractive in future optical sensor and solar energy applications due to their lightweight, flexible shape, high photon absorption coefficients, low cost, and environmental benefits. In this study, optoelectronic properties of D, D/fA blend, DfA, and a series of DBfA type of conjugated block copolymers has been investigated, where D is a donor type PPV conjugated block, B is a non-conjugated and flexible aliphatic hydrocarbon bridge chain containing different number of aliphatic methylene units, and fA is a fluorinated acceptor type PPV conjugated block. The optical absorptions of the D/fA blend, DfA, and DBfAs are typical overlaps of individual absorptions of D and fA blocks, while the solution steady state photoluminescence (PL) emission of D were quenched to different levels in blends and block copolymers, with DBfAs containing one methylene unit bridge (DB1fA) quenched most. This could be attributed to an intra-molecular photo induced electron transfer or charge separation in DBfA systems. Theoretical first principles study of the equilibrium atomic configuration of DfA reveals the existence of twisting angles between the D and fA blocks in DfA stable states which may account for a less PL quenching of DfA as compared to DB1fA. These results are important for designing and developing high efficiency polymer based optoelectronic systems.