The Association between Corporate Social Responsibility Reports, Corporate Governance, and Operating Strategies

• Main Authors: HUNG, HSIAO-HUA, 洪小華
• Other Authors: HUNG,YU-SHUN
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/329pxn

碩士 === 輔仁大學 === 會計學系碩士班 === 105 === In view of the negative issues of the enterprises have occurred frequently in recent years that would cause their own serious damages, in addition, they have given rise to a lot of social problems. Enterprise is as a legal entity, whether it should take up the responsibility of social morality while creates the profits, and which thereby trigger the study of the motivation. This study adopts Probit Regression Analysis to search whether the quality of the corporate governance mechanism will affect the establishment of corporate social responsibility report. Further, this study explores the establishment of corporate social responsibility report whether can cause the impact on debt financing costs and R & D innovation investment strategy; and also discusses the social responsibility report and debt financing for investment in research and development on the cost of the interaction with OLS regression analysis. As the study has indicated that the corporate governance and corporate social responsibility has a positive correlation, that is, the enterprises with good corporate governance mechanism have higher willingness to establish and implement the corporate social responsibility than the enterprises without good corporate governance environment. Moreover, we have learned that the enterprise’s debt finance costs and the establishment of corporate social responsibility report is a negative correlation. It represents that the enterprises emphasis on the corporate social responsibility will obtain the lower debt finance costs in the sustainable operation activities. The establishment of corporate social responsibility report and the investment of the research and innovation activities that showed is a positive correlation. It represents that the enterprise has the willingness to take the corporate social responsibility of "corporate citizenship" while they pursued the goal of maximizing profits for shareholders, and then to implement the research and development investment and to strengthen the corporate image. In addition, this study is based on corporate social responsibility and R & D innovation investment that we have learned the investment of the research and innovation activities and the access to debt finance costs is a positive correlation. That is, the plan for the enterprise to invest in research and development innovation activities is higher and enhance the attentions on “corporate citizenship” responsibility that will strengthen their corporate image. That will be useful the stakeholders to understand the operation of the enterprise, and then can reduce the cost of financing, so that the enterprises can achieve lower costs of debt capital.