The Relationship among Corporate Social Performance, Social Responsibility Disclosure and Financial Performance

• Main Authors: JIANG,JIE, 蔣潔
• Other Authors: KUO,TSUI-LIN
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/10223188789802748501

碩士 === 輔仁大學 === 會計學系碩士班 === 104 === The relationship between corporate social performance (CSP) and corporate financial performance (CFP) has been a hot topic in academic circles for a long time. However, the results of previous studies are inconsistent. This paper considers one of the reasons may be that many studies cannot make a distinction between corporate social performance and social responsibility disclosure, and then conclude with different answers when they examine the relationship of CSP and CFP. This paper aims to distinguish these two indicators and to find the relationship among corporate social performance, social responsibility disclosure and financial performance. Using 1,679 firm-year observations during 2011-2013 of China listed companies, the Ordinary least squares (OLS) regression results indicate that: 1) There is a positive relationship between corporate social performance and social responsibility disclosure, support the voluntary disclosure theory based on the signaling theory, 2) There is a positive relationship between corporate social performance and financial performance, support the stakeholder theory, and 3) There is no significant relationship between social responsibility disclosure and financial performance.