The impact of controlling shareholder on corporate social responsibility 林展群、徐傳瑛
E-mail: 342532@mail.dyu.edu.tw
ABSTRACT
The corporate governance mechanism and corporate social responsibility (CSR) have been widely discussed since the big business scandals were disclosed. The controlling shareholder plays an important role when many countries reveal significant concentration of ownership and possibly generate a central agency problem. This paper, therefore, addresses the question whether controlling shareholder influences the implement of CSR. Based on CSR scores derived from Taiwan citizenship award winner, we investigate the effect of controlling shareholder on CSR covering year 2007 to 2009 and employ the ordered-probit regression analysis. The results show that the higher proportions of controlling shareholding and lower collateralized stock ratio of directors are significantly helpful to the possibility of CSR. In addition, larger firm size and lower debt ratio may increase the incidence of CSR.
Keywords : controlling shareholders、corporate social responsibility、proportion of controlling shareholding、collateralized stock ratio of directors
Table of Contents
目錄 中文摘要．．．．．．．．．．．．．．．．．．． ．． iii 英文摘要．．．．．．．．．．．．．．．．．．．．
．． iv 誌謝辭．．．．．．．．．．．．．．．．．．．．．．． v 目錄．．．．．．．．．．．．．．．．．．．．．
．．． vi 表目錄．．．．．．．．．．．．．．．．．．．．．．． viii 圖目錄．．．．．．．．．．．．．．．．．．
．．．．． ix 第一章 緒論．．．．．．．．．．．．．．．．．．． 1 第一節 研究背景與動機．．．．．．．．．．．
． 1 第二節 研究目的與問題．．．．．．．．．．．． 2 第三節 研究流程．．．．．．．．．．．．．．． 3 第二章 文 獻探討．．．．．．．．．．．．．．．．． 5 第一節 企業社會責任定義與重要性．．．．．．． 5 第二節 與企業社會 責任相關之實證性研究．．．．．． 7 第三節 控制股東實證性研究．．．．．．．．．．．． 10 第四節 董監事質押比率 實證性研究．．．．．．．．． 14 第三章 研究設計．．．．．．．．．．．．．．．．． 15 第一節 研究架構．．．．
．．．．．．．．．．． 15 第二節 研究假說．．．．．．．．．．．．．．．．． 16 第三節 資料來源與樣本選取．．
．．．．．．．．．． 17 第四節 統計方法．．．．．．．．．．．．．．．．． 19 第五節 變數之操作型定義．．．．
．．．．．．．．． 21 第四章 實證結果與分析．．．．．．．．．．．．．． 25 第一節 敘述統計分析．．．．．．．
．．．．．．．． 25 第二節 相關係數分析．．．．．．．．．．．．．．． 26 第三節 Ordered-Probit 迴歸分析．．．．
．．．． 28 第四節 實證結果討論．．．．．．．．．．．．．．． 32 第五節 穩健測試．．．．．．．．．．．．．．
．．． 33 第五章 結論與建議．．．．．．．．．．．．．．．． 38 第一節 研究結論．．．．．．．．．．．．．．．
．． 38 第二節 研究建議．．．．．．．．．．．．．．．．． 39 參考文獻．．．．．．．．．．．．．．．．．．．．
．． 41 附錄A 企業樣本1對3配對表．．．．．．．．．．．． 50 REFERENCES
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