The Study on Social Responsibility Investment and Sustainability Value

• Main Authors: Ting-Yao Zeng, 曾莛堯
• Other Authors: Bing-Huei Lin
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/29366969936860141119

碩士 === 國立中興大學 === 財務金融學系所 === 104 === As corporate social responsibility and environmental protection issues are more and more paid attentions. Enterprises should be responsible for not only shareholders, and the right of stakeholders also play important roles in influencing development of corporate operations. The companies only consider different aspects on economic, society and environment, etc., to enhance the value of company and achieve the final target of the company - sustainable value. Besides, persistence has become the important factor in the company’s long-term operation. The study wants to estimate sustainable value of enterprise, and uses sustainable value to be the standard of investment portfolio. To investigate whether high sustainable value companies have good operating abilities in the long term, and get investors’ attention. Therefore, the study want to examine whether the investment portfolio have a better performance. The empirical results said that the portfolio of high sustainable value companies performed better than the market index and the portfolio of magazines. In long term, the portfolio still had excess return performance. In addition, the study use significant influence variables to be the new standard to establish a new portfolio, and find that the new portfolio has excellent performance. In the process of the study, also explore the value of companies with the relationships of economic; social and environmental three-oriented variables. Last, in order to enhance corporate value, the study hope that the companies can pay more attention to social responsibility.