公司治理評鑑、信用風險控管與企業社會責任對財務績效之影響

Impacts of Corporate Governance Appraisal, Credit Risk Control and Corporate Social Responsibility on Financial Performance

張又文(YU-WEN CHANG)

指導教授 ： 李杏美

朝陽科技大學/管理學院/財務金融系/碩士(2018年)

摘要

摘要
近年來有許多企業陸續發生財務弊案、信用風險、環境污染等問題，這使得市場投資人的信心遭受嚴重打擊，此時公司治理的提升，被視為改善這些問題的關鍵要素。本研究目的在於探討公司治理評鑑，信用風險控管和企業社會責任對企業財務績效的影響。本研究實證方法，運用量化研究發展出各構面的衡量指標，使用來自台灣經濟新報資料庫（TEJ）的1455家公開上市櫃公司數據和69家參與天下雜誌CSR評估的公司數據，研究期間為2016年度，採用描述統計分析變數特性、並運用多元迴歸模型分析收集的數據，最後以灰關聯分析探討各變數之影響程度。研究結果表明：(1)企業社會責任對公司治理評鑑有顯著性正向影響。(2)公司治理評鑑對財務績效有顯著性正向影響。(3)企業社會責任可透過公司治理評鑑間接影響企業財務績效，公司治理評鑑為中介變數。(4)信用風險控管對財務績效有顯著性正向影響。(5)信用風險控管對公司治理評鑑有顯著性正向影響。(6)信用風險控管對企業履行社會責任有顯著性正向影響。

關鍵字

公司治理評鑑 ； 信用風險控管 ； 企業社會責任 ； 財務績效

並列摘要

Abstract
In recent years, many companies have successively experienced financial corruption, credit risk, environmental pollution and other issues, which has caused market investors’ confidence to be seriously hit. At this time, the improvement of corporate governance is seen as a key factor in improving these issues. The purpose of this research explored the impact of corporate governance appraisal、 credit risk control and corporate social responsibility on corporate financial performance. Using empirical methods, this study applied quantities research and develops multiple-item measures of multiple-dimensions. Using data for 1455 publicly listed Taiwan firms from Taiwan Economic Times (TEJ) database and 69 companies that participated in CSR evaluation of the Common Wealth Magazine, during the 2016 study, the data gathered were thus analyzed using descriptive statistics, Grey relational analysis, and multiple regression model. The results indicate that: (1) Corporate social responsibility has a significantly positive impacts on corporate governance evaluation system. (2) Corporate governance evaluation system has a significantly positive impacts on financial performance. (3) Corporate social responsibility can indirectly affect the company's financial performance through corporate governance evaluation system, Corporate governance evaluation system is a mediator variable. (4) Credit risk control has a significantly positive impacts on financial performance. (5) Credit risk control has a significantly positive impacts on corporate governance evaluation system. (6) Credit risk control has a significantly positive impacts on corporate social responsibility.

並列關鍵字

Corporate Governance Evaluation System ； Credit Risk Control ； Corporate Social Responsibility ； Financial Performance

參考文獻

參考文獻

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