| Summary: | 碩士 === 國立交通大學 === 管理科學系所 === 103 === With the flourishing capital market, the maximizing of profit for the shareholders has became the main objective of companies, sometime even the only purpose pursued. Hence it is quite often for companies to transfer the external cost to the other stakeholders invisibly. This will harm the whole society. Furthermore, many business executives believe that the operation cost will raise up if they invest the resources in doing corporate social responsibility (CSR) such as green projects. Fortunately, the concept of sustainable development has been promoted because of many scholars' advocacy recent years. First, this research is going to explore the relationship between the corporate social responsibility performance and the ownership of institutional investors. The hypothesis suggests that the greater CSR is, the more the institutional investors is willing to hold the share. Second, the research is probing if investment in doing CSR would harm the profit ability for shareholders. The conclusion is that the relationship between CSR and institutional ownership is positive, and CSR is also positively related to the financial performance.
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