The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance
碩士 === 國立中央大學 === 會計研究所 === 107 === In order to balance the interests of shareholders and stakeholders, companies must strengthen the implementation of strategic CSR (corporate social responsibility) so as to improve the social interest while seeking profit for shareholders. Therefore, CSR governanc...
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ndltd-TW-107NCU053850102019-10-22T05:28:09Z http://ndltd.ncl.edu.tw/handle/x3kt55 The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance 企業社會責任對財務績效之影響:企業社會責任治理之調節效果 Wen-Hui Wu 吳雯惠 碩士 國立中央大學 會計研究所 107 In order to balance the interests of shareholders and stakeholders, companies must strengthen the implementation of strategic CSR (corporate social responsibility) so as to improve the social interest while seeking profit for shareholders. Therefore, CSR governance structure as a support of company strategy is particularly substantial. To realize the impact of CSR governance on the relationship between CSR and financial performance, this study develops whether company set up with a CSR committee, director from the board concurrently a chairman of CSR committee, and directors’ ESG (environmental, social and governance) expertise as CSR governance variables, exploring the moderate effect of CSR governance on the two variables. This study is based on a sample of 1,084 enterprises from 2014 to 2017 that disclosed CSR reports due to mandatory requirements from Financial Supervisory Committee. Using Social Returns on Assets (SROA) and Social Returns on Equity (SROE) as agents for CSR activities; return on assets (ROA), and return on equity (ROE) as accounting based financial performance indicators; Tobin's Q, and economic value added (EVA) as market based financial performance indicators. The result of the study shows that the establishment of the CSR committee, director concurrently a chairman of CSR committee, and directors’ ESG professionalism have a negative impact on the relationship between CSR and financial performance. This article could provide management with some new thought about corporate governance structures. Chien-Chung Chen 陳建中 2019 學位論文 ; thesis 45 zh-TW |
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碩士 === 國立中央大學 === 會計研究所 === 107 === In order to balance the interests of shareholders and stakeholders, companies must strengthen the implementation of strategic CSR (corporate social responsibility) so as to improve the social interest while seeking profit for shareholders. Therefore, CSR governance structure as a support of company strategy is particularly substantial. To realize the impact of CSR governance on the relationship between CSR and financial performance, this study develops whether company set up with a CSR committee, director from the board concurrently a chairman of CSR committee, and directors’ ESG (environmental, social and governance) expertise as CSR governance variables, exploring the moderate effect of CSR governance on the two variables. This study is based on a sample of 1,084 enterprises from 2014 to 2017 that disclosed CSR reports due to mandatory requirements from Financial Supervisory Committee. Using Social Returns on Assets (SROA) and Social Returns on Equity (SROE) as agents for CSR activities; return on assets (ROA), and return on equity (ROE) as accounting based financial performance indicators; Tobin's Q, and economic value added (EVA) as market based financial performance indicators. The result of the study shows that the establishment of the CSR committee, director concurrently a chairman of CSR committee, and directors’ ESG professionalism have a negative impact on the relationship between CSR and financial performance. This article could provide management with some new thought about corporate governance structures.
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author2 |
Chien-Chung Chen |
author_facet |
Chien-Chung Chen Wen-Hui Wu 吳雯惠 |
author |
Wen-Hui Wu 吳雯惠 |
spellingShingle |
Wen-Hui Wu 吳雯惠 The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance |
author_sort |
Wen-Hui Wu |
title |
The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance |
title_short |
The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance |
title_full |
The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance |
title_fullStr |
The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance |
title_full_unstemmed |
The Impact of Corporate Social Responsibility on Financial Performance: The Moderating effect of Corporate Social Responsibility Governance |
title_sort |
impact of corporate social responsibility on financial performance: the moderating effect of corporate social responsibility governance |
publishDate |
2019 |
url |
http://ndltd.ncl.edu.tw/handle/x3kt55 |
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