(34.204.169.76) 您好!臺灣時間:2019/08/18 15:48
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
本論文永久網址: 
line
研究生:張可昕
研究生(外文):CHANG, KE-XIN
論文名稱:企業社會責任對盈餘動能之影響
論文名稱(外文):The Effect of Corporate Social Responsibility on Earnings Momentum
指導教授:謝俊魁謝俊魁引用關係
指導教授(外文):HSIEH, CHUN-KUEI
口試委員:朱香蕙林灼榮
口試委員(外文):CHU, HSIANG-HUILING, JWU-RONG
口試日期:2018-06-22
學位類別:碩士
校院名稱:東海大學
系所名稱:國際經營與貿易學系
學門:商業及管理學門
學類:貿易學類
論文出版年:2018
畢業學年度:106
語文別:中文
論文頁數:30
中文關鍵詞:企業社會責任盈餘動能異常報酬事件研究法
外文關鍵詞:: Corporate Social ResponsibilityEarnings MomentumCumulative Abnormal ReturnEvent Study
相關次數:
  • 被引用被引用:0
  • 點閱點閱:44
  • 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:0
  • 收藏至我的研究室書目清單書目收藏:0
本研究主要探討企業社會責任對盈餘動能之影響。研究選定在 2007 年 1 月
1 日以前已上市上櫃之公司為觀察對象(扣除 TDR 及 F 股及全額交割股)而盈餘發
布日為事件日,且採用 DellaVigna and Pollet (2009)之研究計算累積異常報酬
(cumulative abnormal return, CAR) 並 進 一 步 使 用 以 標 準 化 未 預 期 盈 餘
(standardized unexpected earning, SUE)將其分組以利觀察,而企業社會責任變
數則選定 2006 年至 2016 年入圍遠見 CSR 企業社會責任獎與天下企業社會責任
獎之公司為正面樣本,而台灣經濟新報資料庫 TEJ 所提供之有發生負面企業社
會責任事件之公司為負面樣本,並將兩個合併重新評分為一新的 CSR 變數,後
採以中位數迴歸進行分析,得出實證結果發現 CSR 的表現良好與否確實會影響
盈餘動能,且加入控制變數後也得到同樣結果,也就是說 CSR 的確會影響投資
人的行為。
This study focuses on the effect of corporate social responsibility (CSR) on
earnings momentum and chooses the companies that have become listed on OTC
without TDR, F-shares and full-cash delivery stocks before 2007 as samples which
are used to calculate cumulative abnormal return (CAR) and are divided into groups
by standardized unexpected earnings (SUE) for observation. Furthermore, the winners
of Corporate Citizenship Awards of Common Wealth Magazine and the winners of
Corporate Social Responsibility Award of Global Views Monthly between 2006 and
2016 are chosen as positive CSR samples to collect data on CSR and construct CSR
scores. Also, another database, TEJ, is used to collect negative samples because it
provides the companies that have bad CSR events. Then, in order to construct a new
CSR score, positive and negative samples are combined as CSR variable. This study
uses the data that described above to do the analysis by median regression. The results
indicate that the performances of CSR will affect earnings momentum and even if the
control variables are added, the results remain the same. This is to say that CSR will
affect the behavior of investors.
目錄
中文摘要………………………………………………………………………………………i
Abstract……………………………………………………………………………………….ii
目錄…………………………………………………………………………………………....iii
表目錄…………………………………………………………………………………………iv
圖目錄…………………………………………………………………………………………iv
第一章 緒論.......................................................................................................................... 1
第一節 研究背景與動機 ..................................................................................................... 1
第二節 研究目的................................................................................................................. 3
第二章 文獻回顧.................................................................................................................. 4
第一節 企業社會責任(CSR)............................................................................................... 4
第二節 盈餘動能與累積異常報酬 ..................................................................................... 7
第三章 研究方法.................................................................................................................. 9
第一節 資料來源與設定...................................................................................................... 9
第二節 累積異常報酬........................................................................................................ 11
第三節 標準化未預期盈餘與模型設定............................................................................ 13
第四章 實證結果與分析.................................................................................................... 15
第一節 敘述統計................................................................................................................ 15
第二節 迴歸分析................................................................................................................ 20
第五章 結論與建議............................................................................................................ 26
參考文獻……………………………………………………………………………………...28
附錄………………………………………..………………………………………………….30
中文文獻
沈中華與張元(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,第 36 卷第 3 期,339-385。
張元(2011),社會責任公司有較高的股票報酬嗎?,輔仁管理評論,第 18 卷第 1
期,79-118。
黃瓊瑤、王癸元、張鳳真(2013),企業社會責任事件宣告與股價異常報酬之研究,
當代會計,第 14 卷第 2 期,175-204。
詹場、胡星陽、呂朝元、徐崇閔(2011),市場狀態與投資人對盈餘訊息之反應,
經濟論文叢刊,第 39 卷第 4 期,463-510。
顧廣民(2011),盈餘與營收動能,管理學報,第 28 卷第 6 期,521-544。
英文文獻
Arrow, K. J. (1973). Social Responsibility and Economic Efficiency. Public Policy, 21,
303-3 17.
Aupperle, K., Carroll, A, and Hatfield, J. (1985). An empirical examination of the
relationship between corporate social responsibility and profitability. Academy
of Management Journal, 28, 446-463.
Ball, R. and Brown, P. (1968). An empirical evaluation of accounting income numbers.
Journal of Accounting Research, 6, 159-178.
Bartov, E. and Li, Y. (2015). Corporate social responsibility and the market pricing of
corporate earnings. Working Paper, New York University and National
University of Singapore.
Beaver, W. (1968). The information content of annual earnings announcements.
Journal of Accounting Research, 6, 67-92.
Bowen, H. R. (1953). Social Responsibilities of the businessman. New York, Harper&
Brothers.
Bowman, E. H. and Haire, M. (1975). A strategic posture toward corporate social
responsibility. California Management Review, 18, 49-58.
28
Bragdon, J. and Marlin, J. (1972). Is pollution profitable?. Risk Management, 19,
157-169.
Brown, T. J. and Dacin, P. A. (1997). The company and the product: Corporate
associations and consumer product responses. Journal of Marketing 61, 68-84.
Carroll, A. B. (1979). A three-dimensional conceptual model of corporate
performance. Academy of Management Review, 4, 497-505.
Carroll, A. B. (1991). The pyramid of corporate social responsibility: toward the
moral management of organizational stakeholders. Business Horizons, 34, 39-48.
Clinebell, S. K. and Clinebell, J. M. (1994). The effect of advanced notice of plant
closing on firm value. Journal of Management, 20, 553-564
DellaVigna, S. and Pollet, J. M. (2009). Investor inattention and Friday earnings
announcements. Journal of Finance, 64, 709-749.
Friedman, M. (1970). The social responsibility of business is to increase its profits.
New York Times Magazine, 13
Hannon, J. and Milkovich, G. (1996). The effect of human resource reputation signals
on share prices: An event study. Human Resource Management, 35, 405-424.
Hirshleifer, D. and Shumway, T. (2003). Good day sunshine: Stock returns and the
weather. Journal of Finance, 58, 1009-1032.
Moskowitz, M. R. (1972). Choosing socially responsible stocks. Business and Society
Review, 1, 71-75.
Parket, I. R. and. Eilbirt, H. (1975). Social responsibility: The underlying factors.
Business Horizons, 18, 5-10.
Solomon, R. and Hansen, K. (1985). It's good business. New York, Atheneum.
Turban, D. B., and Greening, D. W. (1997). Corporate social performance and
organizational attractiveness to prospective employees. Academy of
Management Journal, 40, 658-672.
29
Ullmann, A. (1985). Data in search of a theory: A critical examination of the
relationship among social performance, social disclosure, and economic
performance. Academy of Management Review, 10, 540-577.
Vance, S. (1975) Are socially responsible firms good investment risks?. Management
Review, 64, 18-24.
Worrell, D., Davidson, W. N., and Sharma, V. N. (1991). Layoff announcements and
stockholder wealth. Academy of Management Journal, 34, 662-678.
電子全文 電子全文(網際網路公開日期:20230809)
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