| Summary: | 碩士 === 國立高雄應用科技大學 === 會計系 === 103 === The objective of this study is to examine the relationship between corporate social responsibility and enterprise value, using the survey data made by Common Wealth Magazine, Global Views Monthly, and TEJ as proxy of positive(negative) corporate social responsibility. In the study, I chose the listed company between years 2009 and 2013 as the research samples. Then I use a combined corporate governance indicator, referring to the research structure of Liu-Ching Tsai (2007), is constructed to substitute for individual corporate governance factor and serves as a key independent variable to measure the condition of corporate governance to explore whether the relationship between corporate responsibility and enterprise value will be moderated by corporate governance. The empirical result shows positive corporate social responsibility has a positively influence on enterprise value. Non-negative corporate social responsibility positively affects enterprise value, but the influence is insignificant. When moderating effects of corporate governance is taking into consideration, the results indicate that board structure will enhance the positive relationship between positive corporate social responsibility and enterprise value, ownership structure will enhance the positive relationship between non-negative corporate social responsibility and enterprise value.
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