The Association of Corporate Social Responsibility Report and Corporate Value

• Main Authors: CHIU,CHING-JU, 邱靜如
• Other Authors: LEE, CHIA-LING
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/4k9hxz

碩士 === 國立中正大學 === 會計與資訊科技學系碩士在職專班 === 105 === The thesis examines whether the disclosure of corporate social responsibility(CSR) report can prompt the information transparency and decrease the information asymmetry of users so as to enhance the corporate value. Tobin's Q is served as the variant to evaluate the corporate value. A sample of 5930 data collected from the listed companies in Taiwan Stock Exchange from 2013 to 2016 has been analyzed. The study finds: (1)The disclosure of CSR report is positively correlated to Tobin's Q, and the corporate value of the companies disclosing CSR report voluntarily before mandated and regulated by FSC will be increased. (2)The voluntary disclosure CSR report doesn't enhance the association with the disclosure CSR report and Tobin's Q. (3)CSR reports are assured to intensify the association with the disclosure CSR report and Tobin's Q. (4)The disclosure of CSR report mandated by FSC is positively correlated to Tobin's Q, and the corporate value of the companies disclosing CSR report voluntarily before mandated and regulated by FSC will be increased. (5)The companies that disclose their CSR report after being mandated by FSC don't show obvious association with the company’s value enhancement.