The Relationship between CEO Traits and Corporate Social Responsibility 張妙慧、徐傳瑛
E-mail: 365847@mail.dyu.edu.tw
ABSTRACT
The global trend of sustainable development drives the increasing attention of corporate social responsibility. Meanwhile CEOs play the key role of corporate operation and their traits may significantly influence the firms’ decision. This paper examines the
relationship between CEO traits and corporate social responsibility using a sample of Taiwanese public firms, which obtain the award of corporate social citizenship and utilize the matching principle of one by two. By constructing the 279 cross-sectional data of lagged explanatory variables during year 2009 to 2011, we employ the pooled logit regression analysis. The empirical findings indicate that CEO education level is positively related to the possibility of corporate social responsibility (CSR) for full sample.
Besides, those control variables of financial performance (ROE), firm size and debt ratio all relate to CSR. We then further test the relationship, based on the sub sam-ple classified by the three control variables, between CEO traits and corporate social
responsibility and find that the characteristics of CEO tenure and education in the firms with higher ROE or lower debt ratio are also significantly associated to the incidence of CSR. In addition, the mechanism of independent director and single leadership of CEO and chair of board also benefit the action of CSR.
Keywords : CEO traits、Corporate Social Responsibility、Financial performance、Independent director Table of Contents
中文摘要 iii Abstract iv 誌謝 v 目錄 vi 表目錄 vii 第一章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 3 第二章 文獻探 討 4 第一節 企業社會責任 4 第二節 高階管理者特質 13 第三節 高階管理者特質與企業社會責任 相關研究及假說 19 第三章 研究設計與方法 26 第一節 資料來源與樣本選取 26 第二節 研究模型 28 第三節 變數定義 29 第四章 實證分析與結果 39 第 一節 敘述性統計分析 39 第二節 相關係數分析 41 第三節 邏輯斯迴歸分析 42 第五章 結論與建議 49 第一節 研究結論 49 第 二節 研究限制與建議 50 中文文獻 53 英文文獻 56
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