企業社會責任（Corporate social responsibility, CSR）已漸漸融入公司的經營管理中，多數公司藉由企業社會責任報告書揭露公司的企業社會責任落實成果，以協助利害關係人衡量公司的企業社會責任落實程度。本研究期望了解公司的企業社會責任落實對財務績效產生的影響。本研究以2013年至2017年我國上市櫃公司的企業社會責任報告書為樣本，以報告書按GRI準則的揭露數量衡量企業社會責任的落實程度。此外，依據企業社會責任三重底線價值將公司的企業社會責任內涵拆解為經濟、環境、社會三面向，並探討三個面向的落實程度對財務績效的影響。亦探討公司企業社會表現受到評比機構的認可，是否會強化利害關係人對公司的信心，因而正向干擾企業社會責任落實與財務績效間之關係。實證結果顯示，公司企業社會責任的落實程度越高，公司財務績效越佳，且公司環境、社會揭露的落實程度對公司財務績效有正向影響，另外公司的企業社會責任表現能對企業社會責任落實與公司資產報酬率之間有正向干擾效果。

Corporate social responsibility (CSR) has gradually been integrated into the company's management. Companies use the CSR report to disclose CSR outcome, and assist stakeholders in measuring the company’s CSR implementation evaluation. The purpose of this research is to understand the effect of CSR implementation evaluation on financial performance. This study sampled from Taiwan Listed and OTC companies’ CSR reports which measure CSR implementation evaluation in accordance with the number of disclosures by GRI standard from 2013 to 2017. CSR has been valued and divided into Economic, Environmental, and Social dimensions based on triple bottom line valuation, meanwhile, relation between the implementation evaluation of above three dimensions with financial performance are studied respectively.  In addition, this study also survey whenever the companies’ CSR implementation evaluated by external organization, if it will strengthen the confidence of stakeholders and has positive effect on CSR implementation and financial performance. The empirical results indicate that the higher CSR implementation evaluation, the better the company's financial performance, and the implementation evaluation of the company's environment and social will have a positive influence on the company's financial performance. Furthermore, the company's CSR performance has a positive moderation effect between CSR implementation evaluation and the company's return on assets.

中文摘要	I
英文摘要	II
第一章 緒論	1
第一節  研究背景、動機	1
第二節  研究目的	4
第三節  研究架構	5
第二章 文獻回顧	7
第一節  企業社會責任	7
第二節  財務績效	14
第三節  企業社會責任與財務績效	17
第四節  企業社會責任三重底線與財務績效	22
第五節  企業社會責任表現	28
第三章 研究方法	34
第一節  研究樣本、資料來源與研究期間	34
第二節  研究變數	36
第三節  實證模型	42
第四章 實證結果分析	44
第一節 敘述性統計	44
第二節 相關分析	49
第三節 回歸分析	55
第四節 增額測試	61
第五章 結論與建議	63
第一節 研究結論	63
第二節 研究貢獻	64
第三節 研究限制與後續研究建議	65
參考文獻	67
中文文獻	67
英文文獻	69
附錄1	74

圖目錄
圖1- 1 研究流程圖	6
圖2- 1 研究架構	33

 
表目錄
表2- 1 評比機構比較表	31
表3- 1觀察值產業分布情形	35
表3- 2 觀察值年度分布情形	35
表3- 3 依GRI STANDARD衡量揭露程度之分數上限	38
表3- 4 本研究變數彙整	41
表4- 1 敘述性統計	46
表4- 2 自變數歷年敘述性統計	47
表4- 3 相關係數表_模型一與模型三	51
表4- 4 應變數與自變數間相關係數表_模型一與模型三	52
表4- 5 相關係數表_模型二	53
表4- 6 應變數與自變數間相關係數表_模型二	54
表4- 7 模型一_企業社會責任對財務績效之影響	56
表4- 8 模型二_企業社會責任三重底線與財務績效	59
表4- 9 模型三_企業社會責任獎項為干擾變數之實證結果	60
表4- 10 增額測試_T檢定	62

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