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研究生:樓亭萱
研究生(外文):LO, TING-HSUAN
論文名稱:企業社會責任資訊與盈餘反應係數 之關聯性研究
論文名稱(外文):A Study on the Association between Corporate Social Responsibility Information and Earnings Response Coefficient
指導教授:簡雪芳簡雪芳引用關係楊孟萍楊孟萍引用關係
指導教授(外文):CHIEN, HSUEH-FANGYANG, MENG-PING
口試委員:黃德芬李淑華林孝倫
口試委員(外文):HUANG, DER-FENLI, SHU-HUALIN, HSIAO-LUN
口試日期:2018-05-31
學位類別:碩士
校院名稱:東吳大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2018
畢業學年度:106
語文別:中文
論文頁數:90
中文關鍵詞:企業社會責任盈餘反應係數自願性揭露強制性揭露第三方組織背書獎項
外文關鍵詞:Corporate Social ResponsibilityEarnings Response CoefficientVoluntary DisclosureMandatory DisclosureThird-Party-Organization Endorsed
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有鑑於企業社會責任之潮流蔚然興起,本研究欲從企業社會責任資訊揭露之角度出發,並強調資訊揭露之性質及第三方組織背書獎項之重要性,探究其是否能提升社會大眾對企業財報數字之信任感,並給予額外之股價反應,進而對盈餘反應係數有正面之影響。研究中以 2014 年至 2016 年作為研究期間,觀察上市櫃公司是否上傳企業社會責任報告書至「公開資訊觀測站」來判斷公司是否揭露此項非財務資訊,並參考「天下企業公民 TOP100」之得獎名單作為企業是否獲得第三方組織背書獎項之依據以建立迴歸模型。結果顯示,有出具企業社會責任報告書相較於未出具報告書、自願出具相較於強制出具報告書、以及獲得「天下企業公民 TOP100」獎項相較於未獲獎之企業,皆有助於提升投資人對企業之信任感,並給予額外之股價反應,進而對盈餘反應係數有正面之影響。然而,在探討是否出具報告書並獲獎及自願出具報告書並獲獎之企業,是否能令投資人對企業之信任感提升而有增額效果,此部分則與本研究之預期不符。
This study investigates the relationship between CSR information and earnings response coefficient (ERC). Based on the disclosure of CSR information, this study further puts emphasis on the nature of disclosure and the endorsement of third-party organizations (TPO). The empirical results reveal those firms issuing CSR report have higher ERC than those non-issuing it;those firms voluntary issuing CSR report have higher ERC than those mandatory issuing it;those firms winning TPO endorsed awards have higher ERC than those non-winning it. However, empirical results not consist with the expectations of this study when those firms issuing CSR report and winning TPO endorsed awards and voluntary issuing CSR report and winning TPO endorsed awards.
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 研究目的與貢獻 4
第三節 研究架構 7
第二章 文獻探討 9
第一節 企業社會責任 9
第二節 盈餘反應係數 20
第三節 企業社會責任與盈餘反應係數 24
第三章 研究方法 30
第一節 研究假說之發展 30
第二節 變數定義 37
第三節 研究模型 43
第四節 研究期間、樣本選取及資料來源 46
第肆章 實證結果 53
第一節 敘述性統計 53
第二節 相關係數分析 58
第三節 迴歸分析 64
第五章 結論與建議 73
第一節 研究結論 73
第二節 研究限制與建議 75
參考文獻 77


表目錄
表 2-1 企業社會責任轉變之階段 10
表 2-2 企業社會責任之定義及其內涵 12
表 3-1 研究假說彙總 36
表 3-2 天下雜誌評比構面分數之敘述性統計 40
表 3-3 研究變數彙總 42
表 3-3 樣本挑選過程 46
表 3-4 獲得「天下企業公民 TOP100」獎項之年度及產業分布 47
表 3-5 出具企業社會責任報告書之年度及產業分布 49
表 3-6 自願或強制出具企業社會責任報告書之年度分布 50
表 3-7 是否出具報告書及是否獲得「天下企業公民 TOP100」獎項之年度分布 51
表 4-1 敘述性統計量 56
表 4-2 皮爾森相關係數 60
表 4-3 假說一 (H1a) 實證結果 65
表 4-4 假說一 (H1b) 實證結果 66
表 4-5 假說二 (H2) 實證結果 67
表 4-6 假說三 (H3a) 實證結果 69
表 4-7 假說三 (H3b) 實證結果 71
表 4-8 實證結果彙總 72

圖目錄
圖 1-1 研究流程 8
圖 2-1 企業社會責任同心圓 11
圖 2-2 企業社會責任金字塔模型 12


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