公司治理與企業社會責任

公司治理與企業社會責任皆為當前重要議題，本文主要目的為驗證公司治理對企業社會責任之影響，包括探討股份控制權與現金流量權偏離程度、席次控制權與現金流量權偏離程度以及家族控制席次比率，對環境、社會與治理等ESG負面新聞之影響。本論文發現當企業的現金流量權與控制權偏離程度愈高、家族控制席次比率愈高時，企業的ESG負面新聞愈多，企業愈傾向存在違反企業社會責任之現象。上述結果在刪除新型冠狀病毒肺炎期間之樣本，實證結果仍獲得一致的發現。

關鍵字

公司治理； ESG ；企業社會責任

並列摘要

Corporate governance and corporate social responsibility (CSR) are major issues of concern in the contemporary era. This study examines the effect of corporate governance on CSR by discussing how the deviation between the share control and cash flow rights, deviation between the board control and cash flow rights, and proportion of board seats held by family members affect the negative environmental, social, and corporate governance (ESG) news about a company. This study reveals that the higher the deviation between the cash-flow and control rights is and the higher the proportion of board seats held by family members is, the more negative ESG news a company will receive and the more likely a company will fail in its CSR practice. These empirical results hold the same after data collected during the COVID-19 pandemic are excluded from the analysis sample.