負面事件、企業社會責任報告書揭露與財務績效之關聯性研究

近年來食安、勞安及公安等問題層出不窮，使得人們越來越關注非財務資訊之揭露。故本研究主要探討負面事件、企業社會責任報告書揭露及財務績效之關聯性。本研究以2014年至2018年發生負面事件之上市上櫃食品、化工及水泥業作為研究對象，並對企業社會責任報告書揭露進行衡量。實證結果顯示，企業發生的負面事件越多，企業於企業社會責任報告書所揭露的負面事件相關內容也就越多，同時也發現企業在負面事件發生時，確實會對財務績效呈現負向影響；其次發現當企業發生負面事件時，企業願意在企業社會責任報告書針對負面事件進行揭露，對財務績效確實呈現正向影響。最後以企業社會責任報告書揭露作為調節變數後，發現有助於減少負面事件對企業造成之財務損失。

關鍵字

負面事件；企業社會責任報告書；財務績效

並列摘要

In recent years, food safety, labor safety and public security issues emerge in endlessly, which makes people pay more and more attention to the disclosure of non-financial information. This study mainly explores the relationship between negative events, corporate social responsibility report disclosure and financial performance. In this study, the Listed and OTC food, chemical and cement industries that had negative events from 2014 to 2018 were taken as the research objects, and measures the disclosure of the corporate social responsibility report. The empirical results show that the more negative events occur in the company, the more negative events related content disclosed in the corporate social responsibility report, and it's also found that the negative impact of a negative event on the company's financial performance; Secondly, it's found that when a negative event occurs, the company is willing to disclose the negative event in the corporate social responsibility report, which does have a positive impact on financial performance. Finally, using the disclosure in the corporate social responsibility report as a moderating variable, it was found to help alleviate the financial losses caused by negative events to the company.