| Summary: | 碩士 === 靜宜大學 === 會計學系 === 107 === This study examines the relationship among corporate social responsibility, earnings management and ownership structure. In addition to examining the impact of earnings management and equity structure on corporate social responsibility performance, we further explore the factors that managers engage in corporate social responsibility. We need to explore whether managers use corporate social responsibility to shift the focus of the public to cover the behavior of earnings management or hide the deteriorating financial performance to preserve the position. Therefore, this study uses logistic regression to test the supervisory effectiveness of different ownership structure on managers.
The findings suggest that the moral sense of the public is improved, and managers tend to curb earnings management behavior and improve corporate social responsibility performance in order to meet social expectations or other strategic considerations. Moreover, the impact of different ownership structure on corporate social responsibility performance is also different. Studies have shown that family-controlled firms may lack incentives to improve business-society relationships because of personal interests. On the contrary, institutional investors prefer to invest in enterprises with better corporate social responsibility, and institutional investors have professional knowledge and supervision capabilities, which can encourage management to fulfill corporate social responsibility. Finally, further research has found that when managers intend to earnings management, they may use corporate social responsibility to transfer the focus of stakeholders. However, when managers are engaged in earnings management, they can still encourage managers to fulfill corporate social responsibility under the supervision of institutional legal persons.
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