The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries
碩士 === 國立中山大學 === 財務管理學系研究所 === 103 === The purpose of this paper is to review the condition of corporate social responsibility (CSR) in Taiwanese finance and insurance industries, and examine the relationship between CSR and credit ratings. The function of CSR reports is to disclose ethical, legal,...
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ndltd-TW-103NSYS53050122019-05-15T22:17:48Z http://ndltd.ncl.edu.tw/handle/2478a5 The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries 臺灣金融保險業的企業社會責任與信用評等之研究 Shih-hao Huang 黃世豪 碩士 國立中山大學 財務管理學系研究所 103 The purpose of this paper is to review the condition of corporate social responsibility (CSR) in Taiwanese finance and insurance industries, and examine the relationship between CSR and credit ratings. The function of CSR reports is to disclose ethical, legal, social and ecological information. CSR reports can show how much companies devote to CSR and be used to evaluate the performance of CSR. Credit rating is the result of composite evaluation of companies which can capture the influence of CSR on financial and nonfinancial information. This paper establishes the performance of CSR and reviews the condition of CSR based on CSR report of Taiwanese finance and insurance industries by global reporting initiative guidelines from 2011 to 2013. Then, we use Ordered Probit Model to examine the effect of CSR’s performance on credit ratings of firms. The findings show both the quantity and quality of sustainability information are increasing. Moreover, the performance of financial holdings companies is better than that of securities and insurance companies. The empirical result shows that there is a positive relationship between CSR and credit ratings. The better CSR performance is, the higher credit rating exhibits. Chau-Jung Kuo 郭照榮 2015 學位論文 ; thesis 69 zh-TW |
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碩士 === 國立中山大學 === 財務管理學系研究所 === 103 === The purpose of this paper is to review the condition of corporate social responsibility (CSR) in Taiwanese finance and insurance industries, and examine the relationship between CSR and credit ratings. The function of CSR reports is to disclose ethical, legal, social and ecological information. CSR reports can show how much companies devote to CSR and be used to evaluate the performance of CSR. Credit rating is the result of composite evaluation of companies which can capture the influence of CSR on financial and nonfinancial information.
This paper establishes the performance of CSR and reviews the condition of CSR based on CSR report of Taiwanese finance and insurance industries by global reporting initiative guidelines from 2011 to 2013. Then, we use Ordered Probit Model to examine the effect of CSR’s performance on credit ratings of firms. The findings show both the quantity and quality of sustainability information are increasing. Moreover, the performance of financial holdings companies is better than that of securities and insurance companies. The empirical result shows that there is a positive relationship between CSR and credit ratings. The better CSR performance is, the higher credit rating exhibits.
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author2 |
Chau-Jung Kuo |
author_facet |
Chau-Jung Kuo Shih-hao Huang 黃世豪 |
author |
Shih-hao Huang 黃世豪 |
spellingShingle |
Shih-hao Huang 黃世豪 The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries |
author_sort |
Shih-hao Huang |
title |
The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries |
title_short |
The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries |
title_full |
The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries |
title_fullStr |
The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries |
title_full_unstemmed |
The Study between Corporate Social Responsibility and Credit Ratings in Taiwanese Finance and Insurance Industries |
title_sort |
study between corporate social responsibility and credit ratings in taiwanese finance and insurance industries |
publishDate |
2015 |
url |
http://ndltd.ncl.edu.tw/handle/2478a5 |
work_keys_str_mv |
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