臺灣博碩士論文加值系統

近年來，企業社會責任(以下簡稱CSR)的重要性與日俱增，為推動CSR，我國發布強制編製CSR報告書政策，是以，本研究以2011-2016年之台灣上市公司為研究對象，驗證該強制性政策對企業財務及非財務績效之影響效果。實證結果顯示，相較於未編製CSR報告書的公司，強制編製CSR報告書並未顯著影響財務績效，但能改善未來的非財務績效(降低碳排放量)。此外，本研究進一步發現受強制規範的公司，其環境支出，雖不致降低財務績效，但支出金額愈大時，反而使非財務績效變差。最後，我們將環境支出拆分為資本化與費用化兩部分，發現財務績效(股東權益報酬率)隨費用化支出愈高而愈佳，然而，不論是資本化或費用化的環境支出，對公司之非財務績效則有負向的影響。

In recent years, the importance of corporate social responsibility (CSR) has increased. In order to promote CSR, Taiwan has issued a mandatory CSR report policy. Therefore, this study uses Taiwanese listed companies during 2011-2016 to verify the effect of such a mandatory policy on financial and non-financial performance. The results show that, compared to companies that do not have a CSR report, companies issue a CSR report based on the mandatory regulation do not have a worse financial performance, but have an improvment in future non-financial performance (e.g., reducing carbon emissions). In addition, this study also finds that, for mandatory CSR-issuing companies, the higher the environmental expenditures, the worse non-financial performance. Nevertheless, no evidence to support that higher environmental expendiures have a significant effect on financial performance. Finally, we split the environmental expenditure into two components: capitalizing and expensing. We find that the financial performance (ROE) is getting better when the expensing expenditure is higher. On the other hand, whether capitalized or expensed environmental expenditure, it has a negative impact on non-financial performance.

目錄
摘要 I
Abstract II
謝辭 III
目錄 IV
表目錄 V
圖目錄 VI
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究問題與研究目的 3
第三節 研究貢獻 6
第二章 文獻探討及假說發展 8
第一節 企業社會責任之演進與發展 8
第二節 企業社會責任與財務績效及非財務績效之相關研究 14
第三節 自願性及強制性揭露企業社會責任資訊之相關研究 17
第四節 假說發展 22
第三章 研究方法 27
第一節 觀念性架構 27
第二節 研究樣本、研究期間與資料來源 28
第三節 變數之操作型定義 32
第四節 實證模型 36
第四章 實證結果與分析 45
第一節 敘述性統計與差異檢定 45
第二節 迴歸結果分析 52
第五章 結論與建議 60
第一節 研究結論 60
第二節 研究限制 61
第三節 研究建議 62
附表 63
參考文獻 70

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