臺灣博碩士論文加值系統

近年來，國內食安事件頻傳，部分企業罔顧職業道德及社會責任，只顧追求利益，造成食安問題一再發生，或許除法令規範外及主管機關的監督外，有效公司治理才是解決之道，基於上述，引發本文研究動機。

本研究以天下雜誌企業公民獲獎公司為研究對象，樣本期間為 2007 年至 2014 年，經由敘述性統計、相關性分析及迴歸分析

等統計分析技巧探討及驗證公司治理與企業社會責任對經營績效的關聯性，最後並提出相關建議。

研究顯示董事會結構變數中獨立董事席次比率、董監事持股比率皆對財務績效呈現顯著正向關係，而董事會規模、董事長兼任總經理則對財務績效呈現負相關。CSR 企業社會公民對財務績

效呈現顯著負相關但對市場績效則呈現顯著正相關。其次控制變數中的負債比率對財務績效呈現顯著負相關。但對市場績效則無相關性。由此可知有好的公司治理才有好的財務績效，而透過建立完整的監督及查核制度並落實運作則是達到公司治理的必要手段。

Recently food safety events happened very often. Some companies did not care professional ethics and social responsibility and just wanted to seek their maximum interests. Therefore, serious problem sregar ding to food safety happened again and again. Expect for laws and regulations and supervision of the authority concerned, perhaps effective corporate governance is the only solution. This research is initiated based on the above reasons.

Objects of this paper are enterprises which have won social citizen award provided by Commonwealth Magazines. Sample period begins from year 2007 to 2014.By the way of descriptive statistics, relevance analysis, and regression analysis forth statistics analysis skills, we discuss and verify the relevance of corporate governance and social responsibility with corporate performance. Finally, we give some suggestions.

This study shows the ratio of independent directors and the shares of board directors both are positive related to company’s financial performance. While the scale of board of directors and the chairman served CEO are negative related to company’s financial performance. The CSR firm serving as asocial citizen is obviously negative correlated with a firm’s financial performance, however it is obviously positive correlated with the market performance. Secondly, control variables such as liability ratio shows an obvious negative relationship with company’s financial performance but it is not related to market performance. Therefore, we get a result that a good

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corporate governance creates outstanding financial performance and through establishing a complete supervision and audit system and implementing it thoroughly are necessary means for corporate governance.

封面內頁 簽名頁

中文摘要 ......................................................................................... iii 英文摘要 ......................................................................................... iv 誌謝 ................................................................................................. vi 目錄 ................................................................................................ vii 圖目錄 ............................................................................................. ix 表目錄 .............................................................................................. x

第一章 緒論 .................................................................................... 1 第一節 研究背景與動機 ......................................................... 1 第二節 研究目的 .................................................................... 2 第三節 論文架構 .................................................................... 3 第二章 文獻探討 ............................................................................ 5 第一節 公司治理 .................................................................... 5 第二節 企業社會責任 ............................................................. 8 第三節 財務績效 .................................................................. 13 第三章 研究方法 .......................................................................... 16 第一節 資料蒐集與樣本選取 ............................................... 16 第二節 變數定義與衡量 ....................................................... 16 第三節 研究設計 .................................................................. 20 第四章 實證結果與分析 ............................................................... 22

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第一節 敘述性統計 ............................................................... 22 第二節 相關係數分析 ........................................................... 25 第三節 迴歸分析 .................................................................. 27 第五章 結論與建議 ...................................................................... 36 參考文獻 ........................................................................................ 38

參考文獻

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以台灣的上市公司為例，東海大學管理學院財務金融研究所碩士論文。

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