A Study on The Relationship among Corporate Social Responsibility, Corporate Governance Mechanism and Shareholdings of Institutional Investors
碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 104 === This research focuses on the relationship among the corporate social responsibility (CSR), corporate governance mechanism and shareholdings of institutional investors. Based on a sample of firms listed on Taiwan Securities Exchange, elected the “ Exce...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/4k48eh |
| Summary: | 碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 104 === This research focuses on the relationship among the corporate social responsibility (CSR), corporate governance mechanism and shareholdings of institutional investors. Based on a sample of firms listed on Taiwan Securities Exchange, elected the “ Excellence in Corporate Social Responsibility top 50 ” of Common Wealth Magazine over the period from 2007 to 2014. A one-to-five pairwise approach is used to selected (i.e.,the control group) for the linear regression analysis.
The empirical study indicates that CSR and corporate governance index there is a significant positive relationship on shareholdings of institutional investors. Further divides institutional investors into foreign investment, investment trust, and dealers. The results indicate that CSR and corporate governance index there is a significant positive relationship on shareholdings of foreign investment. CSR has a negative effect on shareholdings of investment trust；corporate governance index there is non-correlation on shareholdings of investment trust. While CSR and corporate governance index there is non-correlation on shareholdings of dealers. It reveals that institutional investors favor different characteristics of stock holdings.
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