| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 103 === Global corporate governance has gradually changed to focus on the stakeholders’ relationship. First, Taiwan goverment amended the CSR-related laws and force the partial listed companies to prepare social responsibility report. However, the existing laws do not clearly regulate the Taiwan trading and consumers’ goods industry. The article aims to study the correlation between the corporate social responsibility and corporate performance about trade department stores as our first purpose. From the frauds over the past decade in Asia, the controlling shareholders and family enterprises were generally existed. However, the related studies between the large equity holders and corporate performance do not have the clearly conclusion, we will explore the relationship between the large equity holders and corporate performance as our second purpose. Above all, the study uses the interaction between the large equity holders and corporate social responsibility to corporate performance as our last purpose.
The study selected the trade department stores as our main part. The periods were from 2011 to 2013.
The empirical result shows that the corporate performance was most influenced by corporate social responsibility. And the controlling shareholders would improve the business performance. With the further exploration, we found that synergy between the corporate social responsibility and the large equity holders would not improve the business performance. Then, we seperated the samples into two parts, “higher ownership of large shareholders”, “lower ownership of largest shareholders”. The result shows that the corporate performance was most influenced by corporate social responsibility with lower ownership in large shareholders.
Key word：Corporate Social Responsibility、 Large Equity Holders、Corporate Performance
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