The Impact of Controlling Shareholder on Corporate Social Responsibility

• Main Authors: Lin, Chanchun, 林展群
• Other Authors: Hsu, Chuanying
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/09067489976435088287

碩士 === 大葉大學 === 企業管理學系碩士班 === 99 === 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.