(3.230.76.48) 您好!臺灣時間:2021/04/12 15:50
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果

詳目顯示:::

我願授權國圖
: 
twitterline
研究生:陳易辰
研究生(外文):Chen, Yi-Chen
論文名稱:企業社會責任對企業財務績效之影響-以台灣企業為例
論文名稱(外文):The Impact of Corporate Social Responsibility on Corporate Firm Performance - A Case Study of Taiwanese Companies
指導教授:王冠婷王冠婷引用關係
指導教授(外文):Wang, Kuan-Ting
口試委員:王冠婷王明昌李永全
口試委員(外文):Wang, Kuan-TingWang, Ming-ChangLee, Yung-Chuan
口試日期:2018-06-21
學位類別:碩士
校院名稱:亞洲大學
系所名稱:經營管理學系
學門:商業及管理學門
學類:企業管理學類
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:49
中文關鍵詞:企業社會責任企業財務績效迴歸分析
外文關鍵詞:Corporate Social ResponsibilityCorporate Firm PerformanceRegression Analysis
相關次數:
  • 被引用被引用:5
  • 點閱點閱:230
  • 評分評分:系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔
  • 下載下載:91
  • 收藏至我的研究室書目清單書目收藏:0
由於多數研究皆清一色以外國企業做為範本,極少台灣本土企業之相關研究,故本文欲研究台灣本土企業中,企業社會責任(Corporate Social Responsibility;CSR)與企業財務績效(Corporate Firm Performance)之間的關係。
本文採用了2007年至2017年之11年間,天下雜誌所公佈之「天下企業公民」的「天下CSR企業指數」中125家台灣本土企業做為主要參考依據,並採用「TEJ+」所提供之各項會計數據,利用IBM SPSS Statistics之敘述統計來檢視數據、相關矩陣來觀察變數間的關係、迴關分析來驗證企業社會責任與企業財務績效之間的關係,進而探討企業參與企業社會責任活動的價值。
經由實證後,發現企業從事企業社會責任活動可為企業並不會與企業追求利潤相衝突,反而能為企業帶來更多的利潤。因此,企業若能將社會責任納入營運管理之考量,以創造共享之價值,不僅可獲得更高之利潤,亦可提升競爭優勢,進而為企業開創新的商業機會。

Since most studies use foreign companies as a model and few studies on local Taiwanese companies, hope to compare the relationship between Corporate Social Responsibility (CSR) and Corporate Firm Performance in local Taiwanese companies.
This article uses the “Common Wealth CSR Corporate Index” of “Excellence in Corporate Social Responsibility” published by the Common Wealth Magazine and uses various accounting data provided by “TEJ+”. The use of IBM SPSS Statistics narrative statistics to examine the data, correlation matrix to observe the relationship between variables, regression analysis to verify the relationship between corporate social responsibility and corporate financial performance, and then explore the value of corporate participation in corporate social responsibility activities.
After empirical evidence, it is found that companies engaging in corporate social responsibility activities can not conflict with the company's pursuit of profit, but can bring more profits to the company. Therefore, if an enterprise can incorporate social responsibility into operational management considerations to create shared value, it will not only obtain higher profits, but also enhance its competitive advantage, thus opening up new business opportunities for the company.

誌謝 I
摘要 II
Abstract III
目錄 IV
表目次 V
圖目次 VI

第一章 緒論 1
第一節 研究動機 1
第二節 研究目的 2
第三節 研究架構 3
第二章 文獻探討 4
第三章 研究方法 17
第一節 資料說明 17
第二節 Panel單根檢定 23
第三節 迴歸分析 25
第四章 研究結果 28
第一節 敘述統計與相關矩陣 29
第二節 Panel單根檢定 33
第二節 迴歸分析 35
第五章 結論與建議 39
第一節 結論 39
第二節 建議 40

參考文獻 42
表目次
表2-1 企業社會責任與企業財務績效關連性類型之相關理論 15
表3-1 企業上榜名單明細-(1),中堅企業 17
表3-2 企業上榜名單明細-(2),大型企業 18
表3-3 企業上榜次數統計-(1) 19
表3-4 企業上榜次數統計-(2) 20
表3-5 企變數名稱、變數期間、資料來源 21
表4-1 敘述統計-(1) 31
表4-2 敘述統計-(2) 31
表4-3 相關矩陣 32
表4-4 Panel單根檢定 34
表4-5 迴歸分析 38
圖目次
圖1-1 研究流程圖 3

王郁民(2009),公司治理與財務績效:企業社會任之角色,東海大學國際貿易研究所碩士論文。
池祥麟、林怡君(2007),企業社會績效與企業財務績效關聯性之分析-以道瓊STOXX永續性指數為例,國立台北大學合作經濟學系碩士論文。
沈中華、張元(2008),企業的社會責任行為可以改善財務績效嗎?-以英國FTSE社會責任指數為例,經濟論文,36(3),339-385。
李芯蕓(2011),企業社會責任與企業財務績效因果關係之研究,逢甲大學合作經濟研究所碩士論文。
Albuquerque, Rui, Art Durnev, & Yrjo Koskinen(2015),Corporate social responsibility and firm risk: Theory and empirical evidence,Working paper, Boston University, University of Iowa, and University of Calgary.
Almeida, Heitor,Murillo Campello, Bruno Laranjeira, and ScottWeisbenner, (2012),Corporate debt maturity and the real effects of the 2007 credit crisis,Critical Finance Review 1, 3–58.
Almeida, Heitor,Murillo Campello, Bruno Laranjeira, and ScottWeisbenner, (2012),Corporate debt maturity and the real effects of the 2007 credit crisis,Critical Finance Review 1, 3–58.
Arrow, Kenneth J., (1972),Gifts and exchanges,Philosophy and Public Affairs 1, 343–362.
Bebchuk, Lucian, Alma Cohen, and Allen Ferrell(2009),What matters in corporate governance?,Review of Financial Studies 22, 783–827.
B´enabou, Roland, and Jean Tirole, (2010),Individual and corporate social responsibility,Economica 77, 1–19.
Borisov, Alexander, Eitan Goldman, and Nandini Gupta(2016),The corporate value of (corrupt) lobbying,Review of Financial Studies 29, 1039–1071.
Carlin, Bruce I., Florin Dorobantu, and S. Viswanathan(2009),Public trust, the law, and financial investment,Journal of Financial Economics 92, 321–341.
Cheng, Ing-Haw, Harrison Hong, and Kelly Shue(2016),Do managers do good with other peoples’ money?,Working paper, Dartmouth College, Princeton University, and University of Chicago.
Coleman, James S.(1988),Social capital in the creation of human capital,American Journal of Sociology 94 (Supplement), S95–S120.
Coleman, James S.(1990),Foundations of Social Theory (Harvard University Press, Cambridge, MA).
Coval, Joshua D., and Tobias J. Moskowitz(1999),Home bias at home: Local equity preference in domestic portfolios,Journal of Finance 54, 2045–2073.
Daniel, Kent, and Sheridan Titman(1997),Evidence on the characteristics of cross-sectional variation in stock returns,Journal of Finance 52, 1–33.
Dasgupta, Partha(1988),Trust as a commodity, in Diego Gambetta, ed.: Trust: Making and Breaking Cooperative Relations (Basil Blackwell, Oxford, UK).
Deng, Xin, Jun-Koo Kang, and Buen Sin Low(2013),Corporate social responsibility and stakeholder value maximization: Evidence from mergers,Journal of Financial Economics 110, 87–109.
Di Giuli, Alberta, and Leonard Kostovetsky(2014),Are red or blue companies more likely to go green? Politics and corporate social responsibility,Journal of Financial Economics 111, 158–180.
Duchin, Ran, Oguzhan Ozbas, and Berk A. Sensoy(2010),Costly external finance, corporate investment, and the subprime mortgage credit crisis,Journal of Financial Economics 97, 418–435.
Eccles, Robert G., Ioannis Ioannou, and George Serafeim(2014),The impact of corporate sustainability on organizational processes and performance,Management Science 60, 2835–2857.
Edmans, Alex(2011),Does the stock market fully value intangibles? Employee satisfaction and equity prices,Journal of Financial Economics 101, 621–640.
Erhard, Werner, and Michael C. Jensen(2015),Putting integrity into finance: A purely positive approach,Working paper, Harvard Business School.
Erhard, Werner, Michael C. Jensen, and Steve Zaffron(2009),Integrity: A positive model that incorporates the normative phenomena of morality, ethics, and legality,Working paper, Harvard Business School.
Fama, Eugene F., and Kenneth R. French(1992),The cross-section of expected stock returns,Journal of Finance 47, 427–465.
Ferrell, Allen, Hao Liang, and Luc Renneboog(2016),Socially responsible firms,Journal of Financial Economics 122, 585–606.
Fitzgerald, Niall(2003),CSR: Rebuilding Trust in Business. A Perspective on Corporate Social Responsibility in the 21st Century,speech by Unilever’s Chairman, Unilever and London Business School, London, UK.
Flammer, Caroline(2015),Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach,Management Science 61, 2549–2568.
Fukuyama, Francis, 1995, Trust (Free Press, New York, NY).
Gambetta, Diego(1988),Can we trust trust? in Diego Gambetta, ed.: Trust: Making and Breaking Cooperative Relations (Basil Blackwell, Oxford, UK).
Gao, Feng, Ling Lei Lisic, and Ivy Zhang(2014),Commitment to social good and insider trading,Journal of Accounting and Economics 57, 149–175.
Glaeser, Edward L., David Laibson, and Bruce Sacerdote(2002),An economic approach to social capital,Economic Journal 112, F437–F458.
Godfre, R_Godfrey, Paul C., Craig B. Merrill, and Jared M. Hansen(2009),The relationship between corporate social responsibility and shareholder value: An empirical test of the risk management hypothesis,Strategic Management Journal 30, 425–445.
Gormley, Todd A., and David A. Matsa(2014),Common errors: How to (and not to) control for unobserved heterogeneity,Review of Financial Studies 27, 617–661.
Gouldner, AlvinW.(1960),The norm or reciprocity: A preliminary statement,American Sociological Review 25, 161–178.
Goyal, Amit, and Pedro Santa-Clara(2003),Idiosyncratic risk matters!,Journal of Finance 58, 975–1008.
Guiso, Luigo, Paola Sapienza, and Luigi Zingales(2004),The role of social capital in financial development,American Economic Review 94, 526–556.
Guiso, Luigo, Paola Sapienza, and Luigi Zingales(2008),Trusting the stock market,Journal of Finance 63, 2557–2600.
Guiso, Luigo, Paola Sapienza, and Luigi Zingales(2011),Civic capital as the missing link,in Jess Benhabib, Alberto Bisin, and Matthew O. Jackson, eds.: Social Economics Handbook (North Holland, Amsterdam).
Guiso, Luigo, Paola Sapienza, and Luigi Zingales(2015),The value of corporate culture,Journal of Financial Economics 117, 60–76.
Gurria, Angel(2009),Keynote Remarks by OECD Secretary-General,Available at http://www.oecd.org/newsroom/respondingtotheglobalecono
miccrisisoecdsroleinpromotingopenmarketsandjobcreation.htm. Accessed April 19, 2017.
Harford, Jarrad, Sandy Klasa, and William Maxwell(2014),Refinancing risk and cash holdings,Journal of Finance 69, 975–1012.
Hong, Harrison G., and Leonard Kostovetsky(2012),Red and blue investing: Values and finance,Journal of Financial Economics 103, 1–19.
Hong,HarrisonG., Jeffrey D. Kubik, and Jeremy C. Stein(2008),The only game in town: Stock-price consequences of local bias,Journal of Financial Economics 90, 20–37.
Hong, Harrison G., and Inessa Liskovich(2016),Crime, punishment and the value of corporate social responsibility,Working paper, Princeton University.
Ivashina, Victoria, and David Scharfstein(2010),Bank lending during the financial crisis of 2008,Journal of Financial Economics 97, 319–338.
Karl Lins, Henri Servaes, & Ane Tamayo(2017),Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis,Journal of Finance 72, 1785–1820.
Kelly, Peter(2015),Dividends and trust,Working paper, University of Notre Dame.
Kim, Yongtae, Myung Seok Park, and Benson Wier(2012),Is earnings quality associated with corporate social responsibility?,The Accounting Review 87, 761–796.
Kitzmueller, Markus, and Jay Shimshack(2012),Economic perspectives on corporate social responsibility,Journal of Economic Literature 50, 51–84.
Knack, Stephen, and Philip Keefer(1997),Does social capital have an economic payoff? A crosscountry investigation,Quarterly Journal of Economics 112, 1251–1288.
Kr¨ uger, Philipp(2015),Corporate goodness and shareholder wealth,Journal of Financial Economics 115, 304–329.
La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny(1997),Trust in large organizations,American Economic Review Papers and Proceedings 87, 333–338.
Leana, Carrie R., and Harry J. Van Buren, III(1999),Organizational social capital and employment practices,Academy of Management Review 24, 538–555.
Lin, Nan(2001),Social Capital: A Theory of Social Structure and Action (Cambridge University Press, Cambridge, UK).
Lins, Karl V., Paolo Volpin, and Hannes Wagner(2013),Does family control matter? International evidence from the 2008–2009 financial crisis,Review of Financial Studies 26, 2583–2619.
Margolis, Joshua D., Hillary Anger Elfenbein, and James P.Walsh(2009),Does it pay to be good . . . and does it matter? A meta-analysis of the relationship between corporate social and financial performance,Working paper, Harvard University, Washington University in St. Louis, and University of Michigan.
Minor, Dylan B.(2015),The value of corporate citizenship: Protection,Working paper, Harvard Business School.
Nguyen, Tu, H.G. (Lily) Nguyen, and Xiangkang Yin(2015),Corporate governance and corporate financing and investment during the 2007–2008 financial crisis,Financial Management 44, 115–146.
Porter, Michael E., and Mark R. Kramer(2006),Strategy and society: The link between competitive advantage and corporate social responsibility,Harvard Business Review 84, 78–92.
Porter, Michael E., and Mark R. Kramer(2011),Creating shared value,Harvard Business Review 89, 1–17.
PricewaterhouseCoopers(2013),16th CEO Survey,Available at http://www.
pwc.com/gx/en/ceo-survey/2013/assets/pwc-16th-global-ceo-surveyjan-2013.pdf. Accessed April 17, 2017.
PricewaterhouseCoopers(2014),17th CEO Survey,Available at http://www
.pwc.com/gx/en/ceo-survey/2014/assets/pwc-17th-annual-global-ceo-surv
ey-jan-2014.pdf. Accessed April 17, 2017.
Putnam, Robert D.(1993),Making Democracy Work: Civic Traditions in Modern Italy (Princeton University Press, Princeton, NJ).
Putnam, RobertD.(2000),Bowling Alone: The Collapse and Revival of American Community (Simon and Schuster, New York, NY).
Reich, Robert,Government needs to rebuild trust in the markets,U.S. News and World Report, September 16, 2008. Available at http://www.usnews.co
m/opinion/articles/2008/09/16/robert-reich-government-needs-to-rebuild-trust-in-the-markets. Accessed April 17, 2017.
Sacconi, Lorenzo, and Giacomo Degli Antoni,(2011),Social Capital, Corporate Responsibility,Economic Behaviour and Performance (Palgrave MacMillan, New York, NY).
Sapienza, Paola, Anna Toldra-Simats, and Luigi Zingales(2013),Understanding trust,Economic Journal 123, 1313–1332.
Sapienza, Paola, and Luigi Zingales(2012),A trust crisis, International Review of Finance 12, 123–131.
Scrivens, Katherine, and Conal Smith(2013),Four interpretations of social capital: An agenda for measurement,OECD Statistics Working paper.
Servaes, Henri, and Ane Tamayo(2013),The impact of corporate social responsibility on the value of the firm: The role of customer awareness,Management Science 59, 1045–1061.
Stiglitz, Joseph E.,The fruit of hypocrisy, Economics Opinion, The Guardian, September 16, 2008. Available at https://www.theguardian.com/comment
isfree/2008/sep/16/economics.wallstreet. Accessed April 17, 2017.
Solow, Robert M.(1995),Trust: The social virtues and the creation of prosperity (Book review), The New Republic 213, 36–40.
Tonkiss, Fran(2009),Trust, confidence and economic crisis,Intereconomics 44, 196–202.
World Business Council for Sustainable Development(2000),Corporate Social Responsibility: Making Good Business Sense (Geneva, Switzerland).

QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
系統版面圖檔 系統版面圖檔